SHE:301172 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	927.73	989.4	1,168	278.74	284.2	273.38
Cash & Short-Term Investments	927.73	989.4	1,168	278.74	284.2	273.38
Cash Growth	-11.24%	-15.26%	318.88%	-1.92%	3.96%	253.27%
Accounts Receivable	472.83	438.16	392.11	388.4	357.73	274.08
Other Receivables	9.38	5.85	5.77	9.14	13.28	15
Receivables	482.21	444.02	397.88	397.54	371.01	289.08
Inventory	225.69	158.58	158.27	180.83	247.94	170.61
Other Current Assets	26.35	12.2	8.68	5.7	13.39	6.85
Total Current Assets	1,662	1,604	1,732	862.81	916.53	739.91
Property, Plant & Equipment	16.51	13.97	4.8	2.7	4.73	1.24
Long-Term Investments	1.51	1.56	-	-	-	-
Goodwill	8.03	8.03	-	-	-	-
Other Intangible Assets	2.92	3.29	1.16	1.17	1.23	1.2
Long-Term Accounts Receivable	-	12.03	15.55	18.98	17.73	13.61
Long-Term Deferred Tax Assets	37.03	34.38	28.3	28.07	25.58	18.49
Long-Term Deferred Charges	-	-	-	-	0.47	1.01
Other Long-Term Assets	149.93	115.27	3.84	3.38	3.56	3.59
Total Assets	1,878	1,793	1,786	917.11	969.83	779.06
Accounts Payable	155.04	134.06	110	137.51	156.7	125.87
Accrued Expenses	4.13	10.51	10.66	13.13	18.31	15.92
Short-Term Debt	3.5	1.26	-	-	4.36	4.51
Current Portion of Leases	1.56	1.44	2.28	1.41	2.45	-
Current Income Taxes Payable	2.95	4.29	4.19	6.37	8.49	13.24
Current Unearned Revenue	242.03	180.19	203.38	231.59	324.07	233.25
Other Current Liabilities	1.5	1.05	3.82	0.28	0.16	0.24
Total Current Liabilities	410.72	332.81	334.33	390.29	514.53	393.04
Long-Term Leases	-	-	1.49	0.22	1.25	-
Long-Term Deferred Tax Liabilities	0.51	0.53	0.55	0.22	-	-
Other Long-Term Liabilities	0.97	1.1	1.71	1.43	1.35	0.77
Total Liabilities	412.39	334.43	338.09	392.17	517.14	393.81
Common Stock	172.48	123.2	123.2	92.4	92.4	92.4
Additional Paid-In Capital	923.46	970.06	970.06	122.74	122.74	122.74
Retained Earnings	368.7	363.87	354.73	309.81	237.56	170.11
Total Common Equity	1,465	1,457	1,448	524.95	452.69	385.25
Minority Interest	0.88	1.15	-	-	-	-
Shareholders' Equity	1,466	1,458	1,448	524.95	452.69	385.25
Total Liabilities & Equity	1,878	1,793	1,786	917.11	969.83	779.06
Total Debt	5.06	2.71	3.78	1.63	8.06	4.51
Net Cash (Debt)	922.66	986.7	1,164	277.11	276.14	268.87
Net Cash Growth	-11.31%	-15.22%	319.98%	0.35%	2.70%	247.44%
Net Cash Per Share	5.24	5.66	7.87	2.14	2.13	2.50
Filing Date Shares Outstanding	172.48	172.48	172.48	129.36	129.36	129.36
Total Common Shares Outstanding	172.48	172.48	172.48	129.36	129.36	129.36
Working Capital	1,251	1,271	1,398	472.52	402	346.87
Book Value Per Share	8.49	8.45	8.40	4.06	3.50	2.98
Tangible Book Value	1,454	1,446	1,447	523.77	451.46	384.05
Tangible Book Value Per Share	8.43	8.38	8.39	4.05	3.49	2.97
Buildings	-	8.28	-	-	-	-
Machinery	-	7.9	5.03	4.69	4.77	4.97

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