SHE:301291 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	1,170	2,418	2,991	403.6	281.71	211.59
Trading Asset Securities	300.82	60.6	-	-	-	-
Cash & Short-Term Investments	1,471	2,478	2,991	403.6	281.71	211.59
Cash Growth	-26.28%	-17.14%	641.03%	43.27%	33.14%	693.23%
Accounts Receivable	4,068	3,624	2,675	1,883	1,225	948.73
Other Receivables	49.04	42.96	71.83	34.23	1.43	1.92
Receivables	4,117	3,667	2,747	1,917	1,226	950.66
Inventory	1,138	1,089	995.29	581.35	385.34	283.09
Prepaid Expenses	-	14.35	16.73	11.18	8.28	5.56
Other Current Assets	638.75	567.8	60.56	100.29	68.46	25.45
Total Current Assets	7,365	7,816	6,810	3,014	1,970	1,476
Property, Plant & Equipment	767.26	633.58	504.14	474.67	467.22	140.29
Long-Term Investments	13.21	3.51	-	-	-	-
Other Intangible Assets	293.94	160.79	129.6	97.22	99.64	29.13
Long-Term Accounts Receivable	-	593.08	347.02	178.27	80.86	85.22
Long-Term Deferred Tax Assets	78.35	59.89	40.2	22.83	13.21	9.32
Long-Term Deferred Charges	15.98	9.92	11.83	7.53	3.69	-
Other Long-Term Assets	831.3	60.96	12.65	3.12	2.32	7.07
Total Assets	9,365	9,338	7,855	3,797	2,637	1,747
Accounts Payable	3,616	3,780	2,914	1,992	1,000	625.95
Accrued Expenses	111.88	153.18	98.97	65.6	70.26	66.62
Short-Term Debt	78.3	29.23	12.7	58.67	218	178.84
Current Portion of Long-Term Debt	14.27	2	4.33	58.66	36.75	3.2
Current Portion of Leases	-	8.36	6.06	-	-	-
Current Income Taxes Payable	59.43	61.37	38.44	14.2	7.87	16.87
Current Unearned Revenue	200.13	290.15	309.7	149.88	111.56	78.19
Other Current Liabilities	326.38	312.04	189.35	156	167.38	171.63
Total Current Liabilities	4,407	4,637	3,573	2,495	1,612	1,141
Long-Term Debt	-	-	37.14	315.34	314.3	60.85
Long-Term Leases	9.72	5.8	6.03	-	-	-
Long-Term Unearned Revenue	16.1	7.89	9.52	8.45	3.46	1.12
Long-Term Deferred Tax Liabilities	20.63	15.32	11.17	7.63	4.63	3.22
Total Liabilities	4,453	4,666	3,637	2,826	1,935	1,206
Common Stock	312.2	312.2	312.2	234.15	234.15	234.15
Additional Paid-In Capital	2,910	2,894	2,904	205.71	205.71	205.71
Retained Earnings	1,681	1,460	997.72	527.69	262.41	101.02
Comprehensive Income & Other	8.35	5.76	3.99	3.25	-	-
Shareholders' Equity	4,912	4,672	4,218	970.8	702.26	540.88
Total Liabilities & Equity	9,365	9,338	7,855	3,797	2,637	1,747
Total Debt	102.29	45.39	66.27	432.67	569.04	242.9
Net Cash (Debt)	1,369	2,433	2,925	-29.06	-287.33	-31.31
Net Cash Growth	-29.44%	-16.82%	-	-	-	-
Net Cash Per Share	4.38	7.78	10.75	-0.12	-1.23	-0.17
Filing Date Shares Outstanding	312.2	312.2	312.2	234.15	234.15	234.15
Total Common Shares Outstanding	312.2	312.2	312.2	234.15	234.15	234.15
Working Capital	2,958	3,179	3,237	518.59	357.7	335.04
Book Value Per Share	15.73	14.96	13.51	4.15	3.00	2.31
Tangible Book Value	4,618	4,511	4,089	873.59	602.62	511.75
Tangible Book Value Per Share	14.79	14.45	13.10	3.73	2.57	2.19
Buildings	-	404.3	404.3	404.3	369.38	77
Machinery	-	200.44	161.99	117.68	96.17	71.34
Construction In Progress	-	124.29	2	1.13	26.59	-

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