SHE:301571 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	312.09	448.55	102.52	260.26	557.61	60.37
Trading Asset Securities	-	-	-	-	7	-
Cash & Short-Term Investments	312.09	448.55	102.52	260.26	564.61	60.37
Cash Growth	-49.66%	337.53%	-60.61%	-53.90%	835.23%	247.03%
Accounts Receivable	769.1	718.17	530.32	287.24	166.39	101.74
Other Receivables	7.01	2.69	5.46	4.86	8.23	9.49
Receivables	776.11	720.85	535.78	292.1	174.62	111.23
Inventory	700.43	520.74	470.45	338.26	112.98	42.33
Other Current Assets	433.13	199.04	113.59	165.54	175.52	73.02
Total Current Assets	2,222	1,889	1,222	1,056	1,028	286.95
Property, Plant & Equipment	489.14	302.15	263.51	152.49	107.12	20.58
Long-Term Investments	71.64	37.99	30.3	30.8	14.37	5.05
Other Intangible Assets	9.11	10.28	10.4	16.32	22.85	23.13
Long-Term Deferred Tax Assets	19.16	17.08	7.2	2.28	1.75	1.32
Long-Term Deferred Charges	5.74	2.73	3.73	5.13	3.12	1.49
Other Long-Term Assets	193.95	248.24	57.2	41.57	28.8	32.41
Total Assets	3,010	2,508	1,595	1,305	1,206	370.93
Accounts Payable	73.81	54.17	50.21	48.71	129.23	4.98
Accrued Expenses	20.39	22.45	18.89	17.52	10.7	6.32
Short-Term Debt	892.4	547.89	230.25	65.09	-	27.02
Current Portion of Leases	3.74	6.88	8.78	11.67	6.56	3.49
Current Income Taxes Payable	14.64	11.68	11.46	9.18	8.12	2.23
Current Unearned Revenue	23.34	14.9	9.93	10.21	9.68	1.88
Other Current Liabilities	5.14	4.86	21.24	26.15	19.09	0.3
Total Current Liabilities	1,033	662.82	350.75	188.52	183.38	46.23
Long-Term Leases	10.39	2.64	6.55	4.93	12.8	4.84
Long-Term Unearned Revenue	-	-	3.15	3.15	2.53	-
Other Long-Term Liabilities	5.47	4.38	2.6	1.62	1.03	0.41
Total Liabilities	1,049	669.85	363.05	198.23	199.74	51.48
Common Stock	179.43	179.43	134.57	134.57	134.57	8.42
Additional Paid-In Capital	1,178	1,178	787.54	787.54	789.9	293.8
Retained Earnings	582.84	474.32	301.64	174.85	77.35	19.08
Comprehensive Income & Other	22.25	0.28	3.74	3.35	-	-
Total Common Equity	1,962	1,832	1,227	1,100	1,002	321.3
Minority Interest	-1.03	6.08	4.14	6.22	4.17	-1.84
Shareholders' Equity	1,961	1,838	1,232	1,107	1,006	319.46
Total Liabilities & Equity	3,010	2,508	1,595	1,305	1,206	370.93
Total Debt	906.53	557.41	245.58	81.69	19.36	35.36
Net Cash (Debt)	-594.44	-108.86	-143.06	178.58	545.24	25.02
Net Cash Growth	-	-	-	-67.25%	2079.66%	103.07%
Net Cash Per Share	-3.30	-0.73	-1.06	1.32	4.68	0.29
Filing Date Shares Outstanding	179.43	179.43	134.57	135.41	134.57	85.23
Total Common Shares Outstanding	179.43	179.43	134.57	135.41	134.57	85.23
Working Capital	1,188	1,226	871.58	867.64	844.35	240.72
Book Value Per Share	10.94	10.21	9.12	8.13	7.44	3.77
Tangible Book Value	1,953	1,821	1,217	1,084	978.98	298.17
Tangible Book Value Per Share	10.89	10.15	9.04	8.01	7.27	3.50
Machinery	-	250.41	174.32	153.12	93.99	23.24
Construction In Progress	-	99.41	109.46	-	-	-

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