SHE:301355 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	252.32	299.65	399.61	87.78	129.33	148.99
Short-Term Investments	20.89	121.8	112.55	-	-	-
Cash & Short-Term Investments	273.21	421.44	512.16	87.78	129.33	148.99
Cash Growth	-40.05%	-17.71%	483.45%	-32.13%	-13.20%	-10.72%
Accounts Receivable	298.91	246.49	170.91	166.8	139.07	128.07
Other Receivables	10.53	9.39	4.89	4.77	4.28	5.32
Receivables	309.44	255.88	175.8	171.57	143.35	133.39
Inventory	295.75	300.13	229.93	207.2	193.65	156.22
Prepaid Expenses	-	0.01	-	-	-	-
Other Current Assets	89.06	34	11.26	19.19	18.34	27.13
Total Current Assets	967.47	1,011	929.15	485.74	484.67	465.73
Property, Plant & Equipment	1,069	959.87	575.65	484.21	457.2	289.84
Long-Term Investments	10.3	397.5	536.51	-	-	-
Goodwill	27.2	27.2	27.2	27.2	27.2	27.2
Other Intangible Assets	50.97	66.73	71.07	46.39	47.16	25.88
Long-Term Deferred Tax Assets	40.65	40.08	19.78	25.13	17.06	10.2
Long-Term Deferred Charges	29.87	31.73	9.91	11.1	12.09	10.83
Other Long-Term Assets	503.94	49.02	17.57	26.78	17.3	40.59
Total Assets	2,700	2,584	2,187	1,107	1,063	870.28
Accounts Payable	311.88	227.04	182.94	163.84	210.56	182.05
Accrued Expenses	30.97	55.3	40.88	35.72	44.49	37.09
Short-Term Debt	508.23	420.56	303.72	68.04	28.86	34.74
Current Portion of Leases	29.32	28.76	11.9	11.41	16.62	-
Current Income Taxes Payable	6.27	5.7	5.1	-	2.72	2.49
Current Unearned Revenue	9.27	9.89	9.3	9.46	10.82	13.56
Other Current Liabilities	85.58	102.69	29.56	3.47	7.7	4.53
Total Current Liabilities	981.52	849.94	583.4	291.94	321.78	274.46
Long-Term Leases	88.22	88.28	26.9	33.95	48.17	-
Long-Term Unearned Revenue	10.77	10.68	12.37	9.31	7.26	5.22
Long-Term Deferred Tax Liabilities	45.23	55.16	42.02	46.14	36.55	24.19
Total Liabilities	1,126	1,004	664.69	381.35	413.76	303.87
Common Stock	195.1	195.1	195.1	146.32	146.32	146.32
Additional Paid-In Capital	958.22	958.22	958.22	233.19	233.19	233.19
Retained Earnings	375.93	387.41	369.63	346.43	270.31	186.19
Treasury Stock	-20.03	-15	-	-	-	-
Comprehensive Income & Other	-1.46	-1.9	-2.06	-0.73	-0.88	0.72
Total Common Equity	1,508	1,524	1,521	725.21	648.94	566.41
Minority Interest	66.2	55.72	1.25	-	-	-
Shareholders' Equity	1,574	1,580	1,522	725.21	648.94	566.41
Total Liabilities & Equity	2,700	2,584	2,187	1,107	1,063	870.28
Total Debt	625.77	537.61	342.51	113.4	93.65	34.74
Net Cash (Debt)	-352.56	-116.16	169.65	-25.62	35.68	114.25
Net Cash Growth	-	-	-	-	-68.77%	-13.44%
Net Cash Per Share	-1.76	-0.59	0.99	-0.18	0.24	0.78
Filing Date Shares Outstanding	193.35	193.74	195.1	146.32	146.32	146.32
Total Common Shares Outstanding	193.35	193.74	195.1	146.32	146.32	146.32
Working Capital	-14.05	161.52	345.74	193.8	162.89	191.27
Book Value Per Share	7.80	7.87	7.80	4.96	4.44	3.87
Tangible Book Value	1,430	1,430	1,423	651.62	574.57	513.32
Tangible Book Value Per Share	7.39	7.38	7.29	4.45	3.93	3.51
Buildings	-	231.6	123.53	65.02	44.19	44.19
Machinery	-	696.47	498.78	459.11	444.09	345.27
Construction In Progress	-	218.66	176.04	136.56	82.33	39.86

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