SHE:301261 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	140.01	172.67	332.98	58.79	52.64	12.79
Trading Asset Securities	208.09	418.13	318.3	6.5	-	-
Cash & Short-Term Investments	348.09	590.8	651.29	65.29	52.64	12.79
Cash Growth	-62.17%	-9.29%	897.57%	24.02%	311.52%	-27.66%
Accounts Receivable	426.44	366.98	298.23	232.6	229.19	187.04
Other Receivables	1.28	3.35	5.58	7.52	0.07	0.47
Receivables	427.72	370.33	303.81	240.12	229.26	187.52
Inventory	252.58	210.45	188.53	166.85	157.74	111.5
Prepaid Expenses	-	0	0.01	0.01	-	-
Other Current Assets	291.01	126.28	242.11	34.47	13.74	25.91
Total Current Assets	1,319	1,298	1,386	506.74	453.38	337.72
Property, Plant & Equipment	1,027	818.84	580.18	428.56	377.58	285.66
Long-Term Investments	112.43	68.95	-	-	-	-
Other Intangible Assets	61.07	62.29	51.07	52.68	27.54	26.62
Long-Term Deferred Tax Assets	44.07	19.89	4.98	10.75	2.03	1.09
Long-Term Deferred Charges	1.56	1.58	2.15	3.09	3.22	0.23
Other Long-Term Assets	65.36	468.21	335.27	4.13	16.57	10.87
Total Assets	2,631	2,738	2,359	1,006	880.32	662.19
Accounts Payable	182.67	161.02	132.7	48.1	73.53	39.41
Accrued Expenses	18.39	22.13	16.42	9.39	14.28	8.98
Short-Term Debt	535.39	780.98	530.52	166.09	70.09	10.15
Current Portion of Long-Term Debt	60.86	23.09	3.2	-	-	-
Current Portion of Leases	-	2.22	10.58	18.74	9.89	18.13
Current Income Taxes Payable	9.9	2.48	6	2.93	1.71	2.82
Current Unearned Revenue	24.13	9.01	7.56	8.26	14.17	11.24
Other Current Liabilities	114.21	90.18	73.63	52.1	106.12	83.08
Total Current Liabilities	945.54	1,091	780.62	305.6	289.79	173.8
Long-Term Debt	70.92	102	77.06	-	-	-
Long-Term Leases	3.61	3.27	1.42	10.91	9.87	2.47
Long-Term Unearned Revenue	27.34	23.91	16.21	15.53	5.45	0.4
Long-Term Deferred Tax Liabilities	12.97	2.33	0.07	11.38	-	-
Total Liabilities	1,060	1,223	875.38	343.42	305.11	176.68
Common Stock	87.89	87.89	87.89	65.92	65.92	65.92
Additional Paid-In Capital	1,071	1,071	1,071	372.18	372.18	372.18
Retained Earnings	406.9	350.7	320.58	220.3	131.83	39.72
Comprehensive Income & Other	4.6	5.51	4.63	4.14	5.28	7.69
Shareholders' Equity	1,570	1,515	1,484	662.53	575.21	485.51
Total Liabilities & Equity	2,631	2,738	2,359	1,006	880.32	662.19
Total Debt	670.77	911.56	622.78	195.74	89.86	30.75
Net Cash (Debt)	-322.68	-320.76	28.51	-130.45	-37.22	-17.96
Net Cash Per Share	-3.66	-3.64	0.38	-1.98	-0.56	-0.32
Filing Date Shares Outstanding	87.89	87.89	87.89	65.92	65.92	65.92
Total Common Shares Outstanding	87.89	87.89	87.89	65.92	65.92	65.92
Working Capital	373.87	206.76	605.13	201.14	163.59	163.92
Book Value Per Share	17.87	17.24	16.88	10.05	8.73	7.37
Tangible Book Value	1,509	1,453	1,433	609.85	547.67	458.89
Tangible Book Value Per Share	17.17	16.53	16.30	9.25	8.31	6.96
Buildings	-	305.56	156.41	149.31	119.58	85.22
Machinery	-	620.43	368.78	343.55	286.99	230.35
Construction In Progress	-	115.7	179.43	15.48	41.54	31.33

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