SHE:301539 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	102.45	208.64	56.78	60.76	231.75	131.25
Cash & Short-Term Investments	102.45	208.64	56.78	60.76	231.75	131.25
Cash Growth	-56.33%	267.45%	-6.54%	-73.78%	76.56%	39.19%
Accounts Receivable	252.35	251.69	254.57	188.73	162.85	129.87
Other Receivables	22.29	17.43	0.89	3.01	5.42	0.61
Receivables	274.65	269.12	255.45	191.74	168.27	130.48
Inventory	405.03	244.81	156.36	153.71	189.26	102.86
Prepaid Expenses	-	-	6.23	2.83	-	-
Other Current Assets	40.29	18.87	9.91	13.39	20.97	0.98
Total Current Assets	822.41	741.44	484.74	422.43	610.25	365.57
Property, Plant & Equipment	848.38	759.5	468.47	454.26	390.79	226.35
Other Intangible Assets	81.99	83.71	85.32	84.96	86.31	38
Long-Term Accounts Receivable	0.47	0.57	0.53	3.47	3.38	2.41
Long-Term Deferred Tax Assets	-	0.41	-	-	1.22	2.04
Long-Term Deferred Charges	15.79	9.64	10.43	13.28	13	13.18
Other Long-Term Assets	114.9	23.17	72.22	41.16	14.06	13.2
Total Assets	1,884	1,618	1,122	1,020	1,119	660.76
Accounts Payable	662.54	628.53	503.74	462.05	451.45	308.85
Accrued Expenses	12.91	20.84	15.33	16.63	24.84	20.7
Short-Term Debt	123.21	114.76	86.07	86.46	141.63	-
Current Portion of Long-Term Debt	15.22	1.55	-	-	-	-
Current Portion of Leases	-	11.1	20.09	23.01	31.16	11.01
Current Income Taxes Payable	0.24	1.7	4.75	-	1.15	4.97
Current Unearned Revenue	21.4	10.93	8.69	6.99	7.75	6.86
Other Current Liabilities	16.08	15.95	20.29	14.37	98.99	37.44
Total Current Liabilities	851.59	805.36	658.96	609.51	756.98	389.84
Long-Term Debt	216.32	28.47	-	-	-	-
Long-Term Leases	-	7.65	18.75	38.79	55.81	9.24
Long-Term Deferred Tax Liabilities	0.35	-	0.32	1.55	-	-
Other Long-Term Liabilities	0.14	0.14	0.16	0.52	10.77	20.96
Total Liabilities	1,068	841.62	678.2	650.36	823.56	420.04
Common Stock	148	148	111	111	111	111
Additional Paid-In Capital	368.43	368.43	98.23	98.23	98.23	98.23
Retained Earnings	284.55	255.74	235.21	162.27	89.81	32.8
Comprehensive Income & Other	14.57	4.64	-0.93	-2.3	-3.6	-1.31
Shareholders' Equity	815.55	776.82	443.51	369.19	295.44	240.71
Total Liabilities & Equity	1,884	1,618	1,122	1,020	1,119	660.76
Total Debt	354.75	163.53	124.91	148.26	228.61	20.25
Net Cash (Debt)	-252.3	45.11	-68.13	-87.5	3.14	111
Net Cash Growth	-	-	-	-	-97.17%	-
Net Cash Per Share	-1.68	0.33	-0.62	-0.78	0.03	1.00
Filing Date Shares Outstanding	148	148	148	111	111	111
Total Common Shares Outstanding	148	148	111	111	111	111
Working Capital	-29.18	-63.92	-174.23	-187.09	-146.73	-24.27
Book Value Per Share	5.51	5.25	4.00	3.33	2.66	2.17
Tangible Book Value	733.57	693.11	358.2	284.23	209.13	202.71
Tangible Book Value Per Share	4.96	4.68	3.23	2.56	1.88	1.83
Land	-	17.24	16.81	16.33	15.5	17.66
Buildings	-	195.29	197.01	141.61	88.06	28.86
Machinery	-	491.07	449.99	8.34	365.23	268.81
Construction In Progress	-	344.61	52	81	103.37	69.37

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