SHE:301178 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	331.37	334.62	506.72	595.49	653.7	183.28
Trading Asset Securities	-	-	20.02	-	-	-
Cash & Short-Term Investments	331.37	334.62	526.73	595.49	653.7	183.28
Cash Growth	-15.53%	-36.47%	-11.55%	-8.91%	256.67%	65.85%
Accounts Receivable	315.55	306.47	335.13	306.81	227.51	146.61
Other Receivables	3.94	3.82	5.48	6.43	0.83	0.54
Receivables	319.5	310.29	340.61	313.24	228.33	147.15
Inventory	155.22	81.22	37.31	40.15	55.24	26.09
Prepaid Expenses	-	2.17	-	-	0	0.01
Other Current Assets	103.01	68.75	16.72	29.72	20.86	11.53
Total Current Assets	909.1	797.05	921.38	978.6	958.14	368.07
Property, Plant & Equipment	538.74	484.36	77.76	9.57	13.99	5
Long-Term Investments	4.08	4.08	4.08	5	5	5
Goodwill	1.88	1.88	4.49	2.68	2.68	2.68
Other Intangible Assets	0.26	0.17	1.16	2.1	3.27	4.45
Long-Term Accounts Receivable	10.67	11.51	2.8	3.82	11.96	46.92
Long-Term Deferred Tax Assets	34.53	31.82	20.21	13.8	11.47	11.37
Long-Term Deferred Charges	3.78	2.89	0.56	0.84	1.7	2.69
Other Long-Term Assets	-	-	11.89	-	-	-
Total Assets	1,503	1,334	1,044	1,016	1,008	446.18
Accounts Payable	90.13	310.7	90.92	63.98	77.87	77.78
Accrued Expenses	5.53	61.2	49.88	43.53	46.8	37.25
Short-Term Debt	125.88	46.22	10.92	2	-	5.01
Current Portion of Long-Term Debt	64.07	4.48	-	-	-	-
Current Portion of Leases	-	2.73	3.43	2.31	4	-
Current Income Taxes Payable	46.58	0.07	2.56	4.73	6.57	4.12
Current Unearned Revenue	88.05	48.56	9.78	29.97	39.5	56.26
Other Current Liabilities	25.32	29.17	30.66	18.9	1.17	1.83
Total Current Liabilities	445.57	503.14	198.15	165.44	175.9	182.24
Long-Term Debt	255.45	51.24	-	-	-	-
Long-Term Leases	12.25	5.79	3.01	3.77	5.54	-
Long-Term Deferred Tax Liabilities	8.58	7.18	6.89	7.97	8.3	11.26
Total Liabilities	721.84	567.35	208.05	177.18	189.74	193.5
Common Stock	66.85	67.11	67.24	65.96	47.11	35.33
Additional Paid-In Capital	603.01	598.3	590.69	572.22	591.06	92.58
Retained Earnings	150.4	146.19	202.35	201.24	180.52	124.86
Treasury Stock	-48.69	-52.74	-27.88	-	-	-
Comprehensive Income & Other	-0.65	-0.6	-0.67	0.13	0.09	0.19
Total Common Equity	770.92	758.25	831.73	839.55	818.79	252.97
Minority Interest	10.27	8.17	4.55	-0.32	-0.32	-0.29
Shareholders' Equity	781.19	766.42	836.28	839.23	818.47	252.68
Total Liabilities & Equity	1,503	1,334	1,044	1,016	1,008	446.18
Total Debt	457.65	110.47	17.36	8.08	9.54	5.01
Net Cash (Debt)	-126.28	224.16	509.37	587.41	644.16	178.27
Net Cash Growth	-	-55.99%	-13.29%	-8.81%	261.34%	68.97%
Net Cash Per Share	-1.87	3.35	7.97	8.91	12.62	3.60
Filing Date Shares Outstanding	65.63	66.1	66.76	65.96	65.96	49.47
Total Common Shares Outstanding	65.63	66.1	66.76	65.96	65.96	49.47
Working Capital	463.53	293.91	723.23	813.16	782.24	185.83
Book Value Per Share	11.75	11.47	12.46	12.73	12.41	5.11
Tangible Book Value	768.78	756.21	826.08	834.77	812.84	245.85
Tangible Book Value Per Share	11.71	11.44	12.37	12.66	12.32	4.97
Buildings	-	80.82	69.92	2.24	2.24	2.24
Machinery	-	52.75	9.03	8.38	8.27	8.14
Construction In Progress	-	350.74	-	-	-	-

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