SHE:301292 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	826.9	1,851	1,011	564.59	266.48	422.52
Short-Term Investments	-	270.69	80.58	-	-	-
Trading Asset Securities	186.48	246.76	121.52	0.01	30.05	16.44
Cash & Short-Term Investments	1,013	2,369	1,213	564.6	296.53	438.96
Cash Growth	-41.70%	95.21%	114.92%	90.41%	-32.45%	204.65%
Accounts Receivable	1,956	1,297	1,251	1,104	1,016	556.31
Other Receivables	4.45	142.8	134.43	2.88	1.73	0.34
Receivables	1,961	1,440	1,385	1,107	1,018	556.64
Inventory	226.7	204.54	230.46	214.05	104.53	98.97
Prepaid Expenses	-	4.97	2.78	1.23	1.09	0.51
Other Current Assets	313.77	44.74	103.53	167.39	85.34	99.88
Total Current Assets	3,515	4,063	2,935	2,054	1,505	1,195
Property, Plant & Equipment	4,118	4,022	3,654	2,652	1,040	718.58
Other Intangible Assets	159.2	161.77	166.74	163.49	51.97	52.52
Long-Term Deferred Tax Assets	7.9	6.02	4.72	2.03	11.61	10.2
Long-Term Deferred Charges	19.09	16.05	12.18	-	-	-
Other Long-Term Assets	61.18	63.98	194.82	361.57	164.54	45.2
Total Assets	7,880	8,333	6,968	5,233	2,774	2,021
Accounts Payable	1,222	1,069	1,139	1,530	399	353.01
Accrued Expenses	16.3	70.83	16.37	70.87	67.8	22.04
Short-Term Debt	1,713	2,455	972.03	534.13	188.92	177.01
Current Portion of Long-Term Debt	439.12	245.5	147.89	-	-	-
Current Portion of Leases	-	227.22	312.21	12.23	16.64	-
Current Income Taxes Payable	2.81	-	5.03	-	24.91	-
Current Unearned Revenue	32.82	19.49	18.04	26.88	16.52	17.14
Other Current Liabilities	410.77	195.07	132.23	170.47	115.23	128.05
Total Current Liabilities	3,837	4,281	2,743	2,344	829.01	697.25
Long-Term Debt	914.72	710.95	581.71	260.32	-	-
Long-Term Leases	220.32	268.02	259.65	275.63	80.32	81.59
Long-Term Unearned Revenue	81.35	75.46	64.54	40.4	26.45	27.44
Long-Term Deferred Tax Liabilities	32.97	38.47	45.82	52.98	31.56	8.46
Other Long-Term Liabilities	-	-	-	-	-	7.47
Total Liabilities	5,087	5,374	3,695	2,974	967.34	822.21
Common Stock	222.8	222.8	222.96	167.22	167.22	167.22
Additional Paid-In Capital	1,865	1,863	1,865	916.72	916.72	916.72
Retained Earnings	639.7	767.72	1,035	1,003	718.98	111.43
Treasury Stock	-25.65	-10	-	-	-	-
Comprehensive Income & Other	5.48	6.85	2.38	8.63	3.49	3.88
Total Common Equity	2,707	2,851	3,125	2,096	1,806	1,199
Minority Interest	86.3	107.68	147.99	163.45	-	-
Shareholders' Equity	2,793	2,959	3,273	2,259	1,806	1,199
Total Liabilities & Equity	7,880	8,333	6,968	5,233	2,774	2,021
Total Debt	3,287	3,906	2,273	1,082	285.88	258.6
Net Cash (Debt)	-2,274	-1,537	-1,060	-517.71	10.64	180.35
Net Cash Growth	-	-	-	-	-94.10%	45.38%
Net Cash Per Share	-10.15	-6.91	-5.70	-3.10	0.06	1.25
Filing Date Shares Outstanding	222.95	221.94	222.96	167.22	167.22	167.22
Total Common Shares Outstanding	222.95	221.94	222.96	167.22	167.22	167.22
Working Capital	-322.59	-218.5	192.41	-290.47	676.14	497.72
Book Value Per Share	12.14	12.84	14.02	12.53	10.80	7.17
Tangible Book Value	2,548	2,689	2,959	1,932	1,754	1,147
Tangible Book Value Per Share	11.43	12.12	13.27	11.55	10.49	6.86
Buildings	-	576.46	575.01	408.97	225.3	284.44
Machinery	-	2,519	2,439	1,987	680.97	766.77
Construction In Progress	-	1,705	1,152	559.54	335.05	27.5

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