SHE:301449 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	153.29	164.09	132.99	107.8	19.97	27.47
Short-Term Investments	-	10.08	-	-	-	-
Trading Asset Securities	5.27	6.44	-	-	81.56	64.24
Cash & Short-Term Investments	158.55	180.61	132.99	107.8	101.53	91.71
Cash Growth	56.16%	35.81%	23.37%	6.17%	10.71%	716.48%
Accounts Receivable	283.62	206.83	163.78	132.57	82.87	63.84
Other Receivables	-	8.98	7.35	6.4	-	5.85
Receivables	283.62	215.8	171.13	138.96	82.87	69.68
Inventory	9.16	8.54	5.74	3.17	1.9	1.47
Other Current Assets	27.73	17.58	14.59	8	11.56	7.22
Total Current Assets	479.06	422.54	324.45	257.94	197.87	170.09
Property, Plant & Equipment	225.45	224.15	199.23	171.61	127.33	65.66
Goodwill	2.07	2.07	2.07	2.07	2.07	0.44
Other Intangible Assets	5.78	5.87	5.75	5.89	6.25	6.03
Long-Term Deferred Tax Assets	14.88	14.8	11.97	9.58	8.78	3.13
Long-Term Deferred Charges	18.03	15.77	13.27	14.23	8.32	4.96
Other Long-Term Assets	23.61	7.65	3.17	3.23	8.52	5.45
Total Assets	768.89	692.84	559.91	464.55	359.14	255.77
Accounts Payable	2.11	30.87	20.06	23.62	13.88	16.5
Accrued Expenses	56.75	51.02	49.79	41.48	37.11	33.61
Current Portion of Leases	16.11	17.19	16.24	12.81	11.43	-
Current Income Taxes Payable	5.9	5.8	4.64	10.84	6.53	0.29
Current Unearned Revenue	17.13	18.38	18.65	22.46	15	9.45
Other Current Liabilities	23.76	7.37	3.92	3.43	6.12	2.79
Total Current Liabilities	121.76	130.62	113.3	114.64	90.06	62.64
Long-Term Leases	22.25	31.05	29.92	11.98	13.98	-
Long-Term Unearned Revenue	5.14	2.93	0.88	3.7	6.63	3.24
Long-Term Deferred Tax Liabilities	6.2	7.94	7.12	4.12	4.61	0.02
Total Liabilities	155.36	172.54	151.22	134.44	115.29	65.9
Common Stock	48.91	48.91	48.91	48.91	32.61	32.61
Additional Paid-In Capital	58.2	57.95	57.4	55.61	70.04	68.09
Retained Earnings	506.42	413.43	302.38	225.58	141.2	89.17
Total Common Equity	613.53	520.3	408.69	330.11	243.85	189.87
Shareholders' Equity	613.53	520.3	408.69	330.11	243.85	189.87
Total Liabilities & Equity	768.89	692.84	559.91	464.55	359.14	255.77
Total Debt	38.36	48.24	46.16	24.79	25.42	-
Net Cash (Debt)	120.2	132.37	86.83	83	76.12	91.71
Net Cash Growth	57.92%	52.45%	4.61%	9.05%	-17.01%	716.48%
Net Cash Per Share	2.46	2.71	1.78	1.70	2.34	2.81
Filing Date Shares Outstanding	48.91	48.91	48.91	48.91	32.52	32.69
Total Common Shares Outstanding	48.91	48.91	48.91	48.91	32.52	32.69
Working Capital	357.3	291.92	211.15	143.3	107.81	107.45
Book Value Per Share	12.54	10.64	8.36	6.75	7.50	5.81
Tangible Book Value	605.68	512.36	400.87	322.15	235.52	183.4
Tangible Book Value Per Share	12.38	10.47	8.20	6.59	7.24	5.61
Buildings	22.78	22.78	22.66	6.85	6.85	5.76
Machinery	356.51	303.86	258.12	220.71	172.25	119.22
Construction In Progress	7.42	16.31	2.88	23.66	1.08	-

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