SHE:301512 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	424.52	255.39	493.29	148	65.2	59.87
Trading Asset Securities	52.05	102.03	166.48	-	10.1	-
Cash & Short-Term Investments	476.56	357.42	659.77	148	75.3	59.87
Cash Growth	7.26%	-45.83%	345.78%	96.55%	25.77%	-45.51%
Accounts Receivable	191.09	443.69	366.1	352.14	213.27	183.75
Other Receivables	1.8	2	1.18	2.45	5.32	12.85
Receivables	192.89	445.68	367.28	354.58	218.59	196.6
Inventory	273.45	147.63	160.4	105.84	117.47	116.33
Other Current Assets	18.8	7.9	2.69	11.06	7.58	2.28
Total Current Assets	961.71	958.63	1,190	619.48	418.95	375.08
Property, Plant & Equipment	287.53	292.7	154.91	91.71	96.5	85.99
Other Intangible Assets	10.27	16.24	15.05	15.52	10.91	11.11
Long-Term Deferred Tax Assets	34.39	13.02	8.68	6.98	5.14	6.24
Long-Term Deferred Charges	1.02	0.29	0.87	0.73	0.28	0.47
Other Long-Term Assets	31.26	8.85	5.63	12.46	3.23	4.19
Total Assets	1,326	1,290	1,375	746.88	535.01	483.08
Accounts Payable	123.75	107.73	211.54	110.24	30.59	76.98
Accrued Expenses	14.81	22.59	32.74	39.01	28.92	14.02
Short-Term Debt	50.03	44.47	-	20.02	-	10.01
Current Portion of Long-Term Debt	-	-	-	-	-	14.22
Current Portion of Leases	-	0.48	1.09	1.65	2.36	-
Current Income Taxes Payable	9.21	0.7	2.89	8.41	9.07	13.89
Current Unearned Revenue	107.63	39.74	60.07	48.18	46.69	25.31
Other Current Liabilities	2.34	4.11	1.54	1.09	1.52	26.98
Total Current Liabilities	307.76	219.81	309.88	228.6	119.15	181.42
Long-Term Leases	-	-	0.43	-	1.65	-
Long-Term Unearned Revenue	9.76	8.56	6.46	2.26	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.01	-
Other Long-Term Liabilities	-	-	3.43	2.71	2.24	1.85
Total Liabilities	317.52	228.37	320.21	233.57	123.06	183.27
Common Stock	53.33	53.33	53.33	40	40	40
Additional Paid-In Capital	650.16	641.96	640.61	193.32	181	164.02
Retained Earnings	304.7	365.94	360.44	279.48	190.42	95.79
Comprehensive Income & Other	0.36	-	-	-	-	-
Total Common Equity	1,009	1,061	1,054	512.8	411.42	299.81
Minority Interest	0.11	0.13	0.7	0.51	0.53	-
Shareholders' Equity	1,009	1,061	1,055	513.31	411.95	299.81
Total Liabilities & Equity	1,326	1,290	1,375	746.88	535.01	483.08
Total Debt	50.03	44.95	1.53	21.67	4.02	24.23
Net Cash (Debt)	426.54	312.46	658.24	126.33	71.28	35.64
Net Cash Growth	0.90%	-52.53%	421.03%	77.23%	100.01%	-67.56%
Net Cash Per Share	8.00	5.84	14.47	3.16	1.78	0.89
Filing Date Shares Outstanding	53.33	53.33	53.33	40	40	40
Total Common Shares Outstanding	53.33	53.33	53.33	40	40	40
Working Capital	653.95	738.82	880.26	390.88	299.8	193.66
Book Value Per Share	18.91	19.90	19.77	12.82	10.29	7.50
Tangible Book Value	998.27	1,045	1,039	497.28	400.51	288.7
Tangible Book Value Per Share	18.72	19.59	19.49	12.43	10.01	7.22
Buildings	-	105.85	91.15	91.15	91.15	57.53
Machinery	-	42.62	39.51	35.67	32.28	25.75
Construction In Progress	-	199.84	67.56	2.27	0.48	28.4

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