SHE:301372 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	36.17	188.86	463.28	42.59	33.01	31.97
Cash & Short-Term Investments	44.17	188.86	463.28	42.59	33.01	31.97
Cash Growth	-72.97%	-59.23%	987.74%	29.02%	3.25%	8.58%
Accounts Receivable	582.08	528.17	536.92	411.89	293.96	209.23
Other Receivables	8	17.32	17.93	0.34	0.69	0.9
Receivables	590.07	545.49	554.85	412.23	294.66	210.13
Inventory	93.06	98.44	44.27	30.44	98.48	122.33
Other Current Assets	58.66	61.58	100.72	42.52	34.59	33.47
Total Current Assets	785.97	894.38	1,163	527.78	460.74	397.9
Property, Plant & Equipment	515.14	477.28	275.27	174.03	110.71	108.04
Other Intangible Assets	67.94	70.57	73.74	68.33	71.51	66.75
Long-Term Accounts Receivable	2.04	2.16	15.29	8.33	-	-
Long-Term Deferred Tax Assets	60.37	61.22	36.48	23.65	18.88	16.75
Long-Term Deferred Charges	-	-	0.11	0.43	2.17	4.02
Other Long-Term Assets	-	-	4.35	9.44	12.05	13.44
Total Assets	1,431	1,506	1,568	811.98	676.06	606.89
Accounts Payable	324.36	343.01	256.9	248.23	213.6	183.83
Accrued Expenses	4.78	49.64	47.91	56.15	35.48	19.45
Short-Term Debt	115.02	213.09	155.74	180.21	102.15	57.7
Current Portion of Long-Term Debt	77.15	2.09	2.09	-	2.2	-
Current Portion of Leases	-	1.59	1.98	0.07	-	-
Current Income Taxes Payable	45.35	0.51	6.49	19.66	4.24	4.14
Current Unearned Revenue	34.64	17	10.8	6.39	92.34	164.44
Other Current Liabilities	36.15	25.65	83.56	19.88	31.28	40.88
Total Current Liabilities	637.45	652.58	565.47	530.6	481.29	470.43
Long-Term Debt	-	75	77	-	-	2.8
Long-Term Leases	0.6	0.66	0.93	4.2	4.58	-
Long-Term Unearned Revenue	3.64	3.64	3.64	3.64	3.64	3.64
Long-Term Deferred Tax Liabilities	0.12	0.12	0.17	0.45	-	-
Other Long-Term Liabilities	1.1	0.94	0.74	0.55	0.44	0.23
Total Liabilities	642.9	732.94	647.95	539.44	489.94	477.09
Common Stock	68.57	68.57	68.57	51.43	51.43	51.43
Additional Paid-In Capital	658.96	658.96	658.96	47.32	47.32	69.14
Retained Earnings	61.52	45.55	193.02	173.62	87.16	-4.82
Total Common Equity	789.06	773.09	920.56	272.37	185.9	115.75
Minority Interest	-0.51	-0.42	-0.16	0.18	0.22	14.05
Shareholders' Equity	788.55	772.67	920.4	272.54	186.12	129.8
Total Liabilities & Equity	1,431	1,506	1,568	811.98	676.06	606.89
Total Debt	192.77	292.44	237.74	184.48	108.93	60.5
Net Cash (Debt)	-148.6	-103.57	225.54	-141.89	-75.92	-28.52
Net Cash Per Share	-2.14	-1.51	3.95	-2.76	-1.48	-0.56
Filing Date Shares Outstanding	68.57	68.57	68.57	51.43	51.39	51.43
Total Common Shares Outstanding	68.57	68.57	68.57	51.43	51.39	51.43
Working Capital	148.52	241.8	597.65	-2.83	-20.55	-72.53
Book Value Per Share	11.51	11.27	13.42	5.30	3.62	2.25
Tangible Book Value	721.12	702.52	846.82	204.04	114.39	49
Tangible Book Value Per Share	10.52	10.25	12.35	3.97	2.23	0.95
Buildings	-	4.09	9.81	9.81	9.81	9.16
Machinery	-	39.75	18.74	27.58	29.89	28.61
Construction In Progress	-	445.71	259.14	153.06	89	87.74

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