SHE:301180 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	76.69	164.49	223.86	249.95	483.8	61.77
Trading Asset Securities	-	-	50	144.85	-	-
Cash & Short-Term Investments	76.69	164.49	273.86	394.8	483.8	61.77
Cash Growth	-26.46%	-39.93%	-30.63%	-18.39%	683.22%	-6.26%
Accounts Receivable	615.41	423.55	296.38	327.31	450.05	446.75
Other Receivables	25.24	30.15	14.83	21.02	29.24	6.16
Receivables	640.65	453.7	311.21	348.32	479.28	452.92
Inventory	165.92	142.74	142.03	220.94	225.66	112.23
Other Current Assets	47.61	34.45	9.92	9.35	6.88	19.79
Total Current Assets	930.87	795.38	737.02	973.41	1,196	646.71
Property, Plant & Equipment	869.3	919.84	750	570.48	509.53	417.17
Goodwill	1.65	1.67	1.64	-	-	-
Other Intangible Assets	85.6	91.31	115.97	66.66	65.29	70.89
Long-Term Deferred Tax Assets	14.72	15.48	12.37	9.31	10.77	6.99
Long-Term Deferred Charges	22.66	16.29	12.09	5.94	5.2	8.17
Other Long-Term Assets	57.36	15.52	15.29	25.87	20.78	12.3
Total Assets	1,982	1,855	1,644	1,652	1,807	1,162
Accounts Payable	299.2	330.67	185.02	180.79	230.09	245.9
Accrued Expenses	14.43	16.65	18.55	20.45	22.8	20.88
Short-Term Debt	281.6	123.57	-	12.01	239.83	175.06
Current Portion of Long-Term Debt	-	-	-	-	8.04	6.28
Current Portion of Leases	2.39	3.49	3.29	2.97	4.15	-
Current Income Taxes Payable	6.81	6.87	4.26	11.1	15.42	12.57
Current Unearned Revenue	0.32	0.35	0.31	0.98	0.51	0.23
Other Current Liabilities	2.24	13.7	31.82	30.75	30.04	29.93
Total Current Liabilities	607	495.31	243.26	259.06	550.88	490.85
Long-Term Debt	54.29	54.29	-	-	28	53.95
Long-Term Leases	0.49	0.51	3.16	0.79	2	-
Long-Term Unearned Revenue	-	-	68.87	77.5	82.5	86.6
Long-Term Deferred Tax Liabilities	2.33	2.77	3.38	0.76	-	-
Total Liabilities	664.11	552.88	318.66	338.11	663.38	631.41
Common Stock	400.01	400.01	400.01	400.01	400.01	360
Additional Paid-In Capital	448.72	442.29	437.43	429.61	425.44	28.34
Retained Earnings	472.33	462.67	489.06	483.97	318.42	142.54
Comprehensive Income & Other	-3.01	-2.36	-0.77	-0.04	-0.07	-0.06
Shareholders' Equity	1,318	1,303	1,326	1,314	1,144	530.82
Total Liabilities & Equity	1,982	1,855	1,644	1,652	1,807	1,162
Total Debt	338.77	181.86	6.45	15.77	282.02	235.29
Net Cash (Debt)	-262.09	-17.37	267.41	379.03	201.78	-173.52
Net Cash Growth	-	-	-29.45%	87.85%	-	-
Net Cash Per Share	-0.58	-0.04	0.64	0.94	0.55	-0.49
Filing Date Shares Outstanding	400.01	400.01	400.01	400.01	400.01	360
Total Common Shares Outstanding	400.01	400.01	400.01	400.01	400.01	360
Working Capital	323.87	300.07	493.76	714.35	644.74	155.86
Book Value Per Share	3.30	3.26	3.31	3.28	2.86	1.47
Tangible Book Value	1,231	1,210	1,208	1,247	1,079	459.93
Tangible Book Value Per Share	3.08	3.02	3.02	3.12	2.70	1.28
Buildings	-	576.85	377.04	301.69	310.44	283.28
Machinery	-	408.24	318.01	261.47	205.14	184.37
Construction In Progress	-	174.31	233.93	146.04	100.88	29.82

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