SHE:301126 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	508.8	619.85	649.4	543	748.07	228.98
Trading Asset Securities	-	-	-	100	-	-
Cash & Short-Term Investments	508.8	619.85	649.4	643	748.07	228.98
Cash Growth	26.42%	-4.55%	1.00%	-14.05%	226.70%	41.28%
Accounts Receivable	2,183	1,817	1,693	1,538	1,447	1,225
Other Receivables	276.06	98.33	98	118.06	110.83	89.91
Receivables	2,459	1,915	1,791	1,656	1,558	1,315
Inventory	921.38	858.29	629.11	433.21	250.28	286.59
Prepaid Expenses	-	4.21	1.62	2.55	0.18	-
Other Current Assets	370.45	314.13	243.29	276.96	90.49	69.79
Total Current Assets	4,260	3,711	3,314	3,011	2,647	1,900
Property, Plant & Equipment	959.76	964.08	719.81	529.1	285.59	232.01
Long-Term Investments	65.7	123.6	122.53	20	-	-
Goodwill	1,269	1,117	717.93	174.41	-	-
Other Intangible Assets	130.13	135.72	138.17	103.55	25.83	26.25
Long-Term Deferred Tax Assets	55.85	42.73	30.09	13.77	9.79	7.66
Long-Term Deferred Charges	46.28	48.34	36.96	30.46	18.48	5.57
Other Long-Term Assets	11.23	35.01	198.1	48.72	7.82	0.86
Total Assets	6,797	6,178	5,278	3,931	2,994	2,173
Accounts Payable	1,039	707.18	496.21	367.64	413.7	327.96
Accrued Expenses	32.56	50.7	43.97	39.51	26.92	26.24
Short-Term Debt	2,237	1,884	1,521	1,198	589.25	585.53
Current Portion of Long-Term Debt	377.76	299.09	65.16	86.6	4	13.67
Current Portion of Leases	-	83.3	48.09	26.99	9.91	-
Current Income Taxes Payable	40.35	22.22	17.32	25.49	30.34	21.66
Current Unearned Revenue	61.42	71.89	21.16	10.97	76.13	58.61
Other Current Liabilities	119.59	185.72	341.21	59.01	14.67	10.65
Total Current Liabilities	3,907	3,305	2,555	1,814	1,165	1,044
Long-Term Debt	863.78	885.85	833.75	211.46	106.14	86.12
Long-Term Leases	148.01	133.49	105.62	87.24	44.11	-
Long-Term Unearned Revenue	15.65	0.04	0.09	-	-	-
Long-Term Deferred Tax Liabilities	5.63	5.51	1.98	1.18	-	-
Total Liabilities	4,940	4,329	3,496	2,114	1,315	1,130
Common Stock	205.4	205.4	206.51	206.51	206.51	154.88
Additional Paid-In Capital	980.94	980.94	989.84	994.55	994.55	476.71
Retained Earnings	556.22	567.9	549.58	521.27	478.09	410.51
Comprehensive Income & Other	2.54	2.54	1.3	-	-	-
Total Common Equity	1,745	1,757	1,747	1,722	1,679	1,042
Minority Interest	111.53	91.92	34.42	94.9	-	-
Shareholders' Equity	1,857	1,849	1,782	1,817	1,679	1,042
Total Liabilities & Equity	6,797	6,178	5,278	3,931	2,994	2,173
Total Debt	3,626	3,286	2,574	1,610	753.41	685.32
Net Cash (Debt)	-3,118	-2,666	-1,925	-967.4	-5.34	-456.34
Net Cash Per Share	-15.17	-13.04	-9.54	-4.73	-0.03	-2.96
Filing Date Shares Outstanding	205.4	205.4	206.51	206.51	206.51	154.88
Total Common Shares Outstanding	205.4	205.4	206.51	206.51	206.51	154.88
Working Capital	352.19	406.8	759.51	1,197	1,482	855.87
Book Value Per Share	8.50	8.55	8.46	8.34	8.13	6.73
Tangible Book Value	346.4	503.76	891.13	1,444	1,653	1,016
Tangible Book Value Per Share	1.69	2.45	4.32	6.99	8.01	6.56
Buildings	-	696.23	413.71	368.48	255.49	245.15
Machinery	-	219.73	149.73	115.06	34.84	27.71
Construction In Progress	-	25.63	151.68	26.4	1.64	10.01

Source: S&P Global Market Intelligence. Standard template. Financial Sources.