SHE:301161 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	2017 - 2019
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	2017 - 2019
Cash & Equivalents	127.9	306.57	388.72	410.85	10.22	12.02	Upgrade
Trading Asset Securities	4.28	24.3	10	-	-	-	Upgrade
Cash & Short-Term Investments	132.18	330.87	398.72	410.85	10.22	12.02	Upgrade
Cash Growth	-63.96%	-17.02%	-2.95%	3921.35%	-15.03%	-66.36%	Upgrade
Accounts Receivable	548.86	529.02	319.66	307.47	313.68	333.71	Upgrade
Other Receivables	6.44	3.36	1.77	0.57	0.31	-0	Upgrade
Receivables	555.3	532.37	321.43	308.04	313.99	333.71	Upgrade
Inventory	163.64	168.01	143.84	132.36	128.84	79.62	Upgrade
Prepaid Expenses	-	0.83	0.85	1	-	-	Upgrade
Other Current Assets	10.48	10.02	5.99	8.92	20.15	24.66	Upgrade
Total Current Assets	861.59	1,042	870.82	861.16	473.2	450.01	Upgrade
Property, Plant & Equipment	214.76	225.44	136.21	133.29	129.11	64.62	Upgrade
Goodwill	103.49	103.49	-	-	-	-	Upgrade
Other Intangible Assets	23.51	25.05	10.38	10.68	11.15	11.43	Upgrade
Long-Term Deferred Tax Assets	21.32	18.42	11.11	12.27	6.02	4.73	Upgrade
Long-Term Deferred Charges	14.96	15.2	1.71	0.59	2.09	0.51	Upgrade
Other Long-Term Assets	7.95	3.59	1.92	1.86	0.24	2.77	Upgrade
Total Assets	1,248	1,433	1,032	1,020	621.82	534.07	Upgrade
Accounts Payable	120.29	117.68	72.89	63.07	75.21	82.74	Upgrade
Accrued Expenses	43.2	42.95	17.38	17.83	11.53	17.27	Upgrade
Short-Term Debt	1.64	3.5	-	2	76.33	68.58	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	10.06	-	Upgrade
Current Portion of Leases	11.29	16.1	1.57	0.76	0.83	-	Upgrade
Current Income Taxes Payable	7.99	4.94	-	3.64	0.75	1.63	Upgrade
Current Unearned Revenue	4.99	6.97	0.56	0.96	0.41	0.71	Upgrade
Other Current Liabilities	61.53	51.35	5.32	15.28	30.35	7.67	Upgrade
Total Current Liabilities	250.93	243.49	97.71	103.53	205.47	178.6	Upgrade
Long-Term Debt	19	19	-	-	36.63	36.63	Upgrade
Long-Term Leases	56.06	63.45	1.87	0.59	1.35	-	Upgrade
Total Liabilities	325.99	325.94	99.58	104.12	243.45	215.23	Upgrade
Common Stock	120	120	120	120	90	90	Upgrade
Additional Paid-In Capital	522.96	639.55	639.55	639.55	178.51	178.51	Upgrade
Retained Earnings	278.77	219.06	173.09	156.4	110.19	50.55	Upgrade
Comprehensive Income & Other	-0.14	-0.11	-0.08	-0.21	-0.34	-0.23	Upgrade
Total Common Equity	921.58	978.5	932.56	915.74	378.36	318.84	Upgrade
Minority Interest	-	128.86	-	-	-	-	Upgrade
Shareholders' Equity	921.58	1,107	932.56	915.74	378.36	318.84	Upgrade
Total Liabilities & Equity	1,248	1,433	1,032	1,020	621.82	534.07	Upgrade
Total Debt	87.99	102.05	3.44	3.35	125.21	105.21	Upgrade
Net Cash (Debt)	44.19	228.83	395.28	407.5	-114.99	-93.19	Upgrade
Net Cash Growth	-76.03%	-42.11%	-3.00%	-	-	-	Upgrade
Net Cash Per Share	0.37	1.89	3.30	4.15	-1.27	-1.03	Upgrade
Filing Date Shares Outstanding	120	120	120	120	90	90	Upgrade
Total Common Shares Outstanding	120	120	120	120	90	90	Upgrade
Working Capital	610.66	798.61	773.11	757.63	267.73	271.41	Upgrade
Book Value Per Share	7.68	8.15	7.77	7.63	4.20	3.54	Upgrade
Tangible Book Value	794.58	849.96	922.18	905.06	367.22	307.41	Upgrade
Tangible Book Value Per Share	6.62	7.08	7.68	7.54	4.08	3.42	Upgrade
Land	-	-	-	89.21	-	-	Upgrade
Buildings	-	89.05	88.58	-	88.42	-	Upgrade
Machinery	-	131.58	87.75	77.49	59.29	43.32	Upgrade
Construction In Progress	-	2.57	2.96	1.38	6.06	44.03	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.