SHE:301149 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	841.61	617.9	442.03	398.84	816.38	239.04
Short-Term Investments	42.42	159.55	31.1	-	-	-
Trading Asset Securities	50.17	146.16	327.84	278.89	71.24	-
Cash & Short-Term Investments	934.21	923.62	800.97	677.73	887.62	239.04
Cash Growth	-8.62%	15.31%	18.18%	-23.65%	271.33%	13.02%
Accounts Receivable	279.3	241.28	261.02	128.08	118.77	127.38
Other Receivables	1.58	73.15	21.63	62.46	6.46	9.17
Receivables	280.88	314.44	282.65	190.54	125.23	136.55
Inventory	415.99	357.29	251.63	195.42	247.1	147.16
Prepaid Expenses	-	-	-	0.3	-	-
Other Current Assets	264.32	85.72	62.77	12.79	21.28	16.63
Total Current Assets	1,895	1,681	1,398	1,077	1,281	539.39
Property, Plant & Equipment	1,424	1,233	824.88	441.74	368.34	280.9
Long-Term Investments	11.3	62.14	146.57	131.93	30.04	-
Other Intangible Assets	201.1	204.43	206.39	78.51	42.67	43.73
Long-Term Deferred Tax Assets	19.98	11.13	6.42	3.31	2.84	1.36
Long-Term Deferred Charges	-	-	-	-	-	3.4
Other Long-Term Assets	25.1	40.87	63.02	170.02	14.99	0.71
Total Assets	3,577	3,232	2,645	1,902	1,740	869.48
Accounts Payable	372.3	242.4	131.64	81.86	77.8	80.4
Accrued Expenses	7.89	10.54	9.96	5.88	5.74	5
Short-Term Debt	-	-	136.27	-	-	-
Current Portion of Long-Term Debt	223.01	318.36	3.11	-	-	-
Current Portion of Leases	-	1.03	0.61	0.64	0.57	-
Current Income Taxes Payable	6.74	3.21	14.65	8.4	8.34	10.26
Current Unearned Revenue	216.62	185.39	161.11	138.53	89.7	65.53
Other Current Liabilities	81.56	61.91	72.29	32.82	18.75	15.46
Total Current Liabilities	908.11	822.84	529.64	268.13	200.91	176.66
Long-Term Debt	300.37	490.19	271.3	-	-	-
Long-Term Leases	0.26	0.34	0.63	-	0.71	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.19	-
Total Liabilities	1,217	1,313	801.57	268.13	201.8	176.66
Common Stock	430	430	430	430	430	360
Additional Paid-In Capital	631.71	574.44	574.44	574.44	574.44	0
Retained Earnings	941.92	875.92	799.14	594.11	510.12	316.11
Comprehensive Income & Other	38.08	38.54	40.14	35.6	23.75	16.71
Shareholders' Equity	2,361	1,919	1,844	1,634	1,538	692.82
Total Liabilities & Equity	3,577	3,232	2,645	1,902	1,740	869.48
Total Debt	523.63	809.92	411.92	0.64	1.28	-
Net Cash (Debt)	410.58	113.7	389.05	677.1	886.34	239.04
Net Cash Growth	94.85%	-70.78%	-42.54%	-23.61%	270.79%	13.02%
Net Cash Per Share	0.96	0.27	0.91	1.60	2.42	0.67
Filing Date Shares Outstanding	430	430	430	430	430	360
Total Common Shares Outstanding	430	430	430	430	430	360
Working Capital	987.3	858.22	868.38	808.65	1,080	362.73
Book Value Per Share	4.75	4.46	4.29	3.80	3.58	1.92
Tangible Book Value	1,841	1,714	1,637	1,556	1,496	649.09
Tangible Book Value Per Share	4.28	3.99	3.81	3.62	3.48	1.80
Buildings	-	275.28	129.92	110.83	114.49	104.7
Machinery	-	988.46	493.22	483.67	341.1	279.89
Construction In Progress	-	233.96	425	78.48	104.61	55.66

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