SHE:301210 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	212.04	201.71	195.38	69.73	60.87	40.56
Short-Term Investments	-	50.06	110.9	10.62	-	-
Cash & Short-Term Investments	212.04	251.77	306.28	80.35	60.87	40.56
Cash Growth	41.23%	-17.80%	281.16%	32.00%	50.10%	53.41%
Accounts Receivable	643.82	571.66	458.68	380.5	443.36	374.34
Other Receivables	3.04	5	2.08	0.64	0.57	0.2
Receivables	646.86	576.66	460.77	381.13	443.94	374.54
Inventory	360.99	321.83	359.43	295.64	213.19	136.78
Other Current Assets	48.38	29.05	11.54	26.29	12.51	9.85
Total Current Assets	1,268	1,179	1,138	783.42	730.51	561.73
Property, Plant & Equipment	1,058	829.37	654.45	576.68	485.28	323.53
Long-Term Investments	75.03	328.28	373.81	-	10.3	-
Other Intangible Assets	95.98	97.87	62.32	50.43	58.1	59.4
Long-Term Deferred Tax Assets	18.85	16.51	11.84	21.71	16.27	16.17
Long-Term Deferred Charges	21.03	21.84	18.55	15.37	3.24	2.27
Other Long-Term Assets	335.47	41.36	26.94	12.98	11.42	2.69
Total Assets	2,873	2,515	2,286	1,461	1,315	965.79
Accounts Payable	522.11	414.5	263.3	258.51	178.95	103.57
Accrued Expenses	21.03	22.9	17	18.48	37.97	27.8
Short-Term Debt	138.3	33.63	41.05	278.8	196.67	207.09
Current Portion of Long-Term Debt	4.67	1.97	-	8.12	-	-
Current Income Taxes Payable	7.7	3.26	1.25	3.04	6.5	4.31
Current Unearned Revenue	12.35	3.09	2.53	2.16	3.15	2.57
Other Current Liabilities	9.85	28.43	18.58	14.22	136.48	114.8
Total Current Liabilities	716	507.79	343.72	583.34	559.72	460.14
Long-Term Debt	146.13	43.63	-	91.79	109.81	29.81
Long-Term Unearned Revenue	17.18	12.22	8.16	15.63	11.33	10.46
Long-Term Deferred Tax Liabilities	-	-	-	7.43	-	-
Total Liabilities	879.31	563.64	351.88	698.2	680.86	500.41
Common Stock	114.61	82.46	82.46	61.84	61.84	61.84
Additional Paid-In Capital	1,313	1,328	1,326	269.45	264.41	262.24
Retained Earnings	449.15	427.85	408.69	347.5	239.05	87.41
Comprehensive Income & Other	-28.85	-20.55	-	-	-	-
Total Common Equity	1,848	1,818	1,818	678.78	565.3	411.49
Minority Interest	145.58	132.91	116.48	83.62	68.98	53.88
Shareholders' Equity	1,993	1,951	1,934	762.41	634.28	465.37
Total Liabilities & Equity	2,873	2,515	2,286	1,461	1,315	965.79
Total Debt	289.1	79.24	41.05	378.71	306.48	236.9
Net Cash (Debt)	-77.05	172.53	265.23	-298.35	-245.61	-196.35
Net Cash Growth	-	-34.95%	-	-	-	-
Net Cash Per Share	-0.67	1.50	2.65	-3.46	-2.85	-2.44
Filing Date Shares Outstanding	114.61	114.61	114.61	85.96	86.03	85.96
Total Common Shares Outstanding	114.61	114.61	114.61	85.96	86.03	85.96
Working Capital	552.27	671.51	794.29	200.08	170.79	101.59
Book Value Per Share	16.12	15.86	15.86	7.90	6.57	4.79
Tangible Book Value	1,752	1,720	1,755	628.35	507.2	352.1
Tangible Book Value Per Share	15.29	15.01	15.31	7.31	5.90	4.10
Buildings	-	384.27	271.06	272.31	88.67	78.25
Machinery	-	599.82	523.61	415.67	330.66	269.89
Construction In Progress	-	105.2	72.11	87.25	233.45	118.35

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