SHE:301213 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	218.46	356.7	383.83	475.83	623	26.92
Short-Term Investments	-	3.74	3.5	2.36	-	-
Cash & Short-Term Investments	218.46	360.44	387.34	478.19	623	26.92
Cash Growth	-24.64%	-6.94%	-19.00%	-23.24%	2213.93%	-25.49%
Accounts Receivable	294.52	269.57	258.51	251.62	238.69	174.95
Other Receivables	6.46	-	0.07	0.06	0.01	0.16
Receivables	300.98	269.57	258.58	251.68	238.7	175.11
Inventory	211.12	158.51	110.74	69.41	36.48	32.38
Prepaid Expenses	-	0.29	0.5	0.18	-	-
Other Current Assets	70.67	47.42	44.97	20.98	10.28	13.11
Total Current Assets	801.24	836.22	802.12	820.45	908.47	247.53
Property, Plant & Equipment	45	46.07	21.9	15.16	11.55	1.7
Long-Term Investments	4.77	4.77	-	-	-	-
Other Intangible Assets	3.36	4.21	4.61	1.77	2.1	2.47
Long-Term Accounts Receivable	-	19.96	17.48	18.73	2.28	-
Long-Term Deferred Tax Assets	18.53	20.55	12.43	6.92	3.47	2.42
Long-Term Deferred Charges	4.99	11.51	9.17	12.71	1.95	0.92
Other Long-Term Assets	123.3	31.12	17.56	14.9	7.47	9.98
Total Assets	1,001	974.42	885.26	890.64	937.29	265.01
Accounts Payable	44.05	65.56	44.89	44.26	27.61	49.42
Accrued Expenses	5.32	28.81	10.56	9.32	9.32	8.39
Short-Term Debt	57.95	17.11	10.02	22.02	56.77	10.01
Current Portion of Long-Term Debt	15.38	9.5	0.5	-	-	-
Current Portion of Leases	-	5.33	2.2	1.36	2.81	-
Current Income Taxes Payable	0.4	0.2	-0.6	1.2	9.31	6.21
Current Unearned Revenue	37.88	39.62	0.87	0.7	0.21	-
Other Current Liabilities	1.62	2.77	1.58	1.58	12.74	1.71
Total Current Liabilities	162.61	168.89	70.03	80.46	118.76	75.74
Long-Term Debt	28.5	-	9.5	-	-	-
Long-Term Leases	8.92	7.12	2.33	0.08	1.93	-
Long-Term Deferred Tax Liabilities	-	-	-	0.26	0.31	0.37
Total Liabilities	200.02	176.01	81.86	80.79	121	76.11
Common Stock	80	80	80	80	80	60
Additional Paid-In Capital	564.27	564.27	564.27	564.27	564.27	15.17
Retained Earnings	140.35	139.59	156.3	165.58	172.02	113.73
Total Common Equity	784.62	783.85	800.57	809.85	816.29	188.9
Minority Interest	16.54	14.56	2.84	-	-	-
Shareholders' Equity	801.16	798.41	803.4	809.85	816.29	188.9
Total Liabilities & Equity	1,001	974.42	885.26	890.64	937.29	265.01
Total Debt	110.75	39.06	24.55	23.46	61.51	10.01
Net Cash (Debt)	107.72	321.38	362.78	454.73	561.49	16.91
Net Cash Growth	-56.82%	-11.41%	-20.22%	-19.01%	3220.56%	-35.26%
Net Cash Per Share	1.34	4.02	4.54	5.68	9.11	0.28
Filing Date Shares Outstanding	80	80	80	80	80	60
Total Common Shares Outstanding	80	80	80	80	80	60
Working Capital	638.63	667.33	732.09	739.99	789.71	171.78
Book Value Per Share	9.81	9.80	10.01	10.12	10.20	3.15
Tangible Book Value	781.26	779.64	795.95	808.08	814.19	186.43
Tangible Book Value Per Share	9.77	9.75	9.95	10.10	10.18	3.11
Buildings	-	9.02	8.97	8.97	1.91	-
Machinery	-	36.77	16.28	10.61	8.69	5.38

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