SHE:301592 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	226.38	519.02	84.19	99.08	44.66	57.54
Trading Asset Securities	200	-	-	-	20.11	-
Cash & Short-Term Investments	426.38	519.02	84.19	99.08	64.77	57.54
Cash Growth	547.03%	516.49%	-15.03%	52.96%	12.57%	116.26%
Accounts Receivable	670.47	714.2	466.02	312.15	132.32	10.77
Other Receivables	7.75	5.11	6.25	-	-	4.38
Receivables	678.23	719.31	472.28	312.15	132.32	15.15
Inventory	188.62	154.63	132.3	56.49	45.12	36.29
Other Current Assets	38.3	34.47	31.72	30.18	22.99	7.57
Total Current Assets	1,332	1,427	720.48	497.89	265.2	116.56
Property, Plant & Equipment	49.87	48.89	54.37	45.25	39.91	23.21
Long-Term Investments	5	5	5	5	5	5
Other Intangible Assets	30.53	34.35	42.93	51.52	14.11	14.46
Long-Term Accounts Receivable	-	7.67	6.8	3.72	1.99	1.53
Long-Term Deferred Tax Assets	13.85	13.71	9.19	3.58	2.08	0.91
Long-Term Deferred Charges	4.08	3.33	2.71	2.88	0.8	0.22
Other Long-Term Assets	9.57	4.5	4.75	4.7	4.45	0.81
Total Assets	1,444	1,545	846.24	614.55	333.56	162.69
Accounts Payable	110.35	126.66	93.16	97.78	43.62	30.2
Accrued Expenses	8.58	26.88	26.85	28.41	31.24	10.96
Short-Term Debt	220	235.12	197.49	106.3	9.21	4.81
Current Portion of Long-Term Debt	19.66	37.55	-	-	16.01	-
Current Portion of Leases	-	4.52	4.3	1.27	2.24	-
Current Income Taxes Payable	6.2	18.81	18.73	20.62	9.62	3.54
Current Unearned Revenue	12.24	11.29	1.81	0.11	4.1	18.44
Other Current Liabilities	8.63	7.27	2.78	2.28	1.08	3.41
Total Current Liabilities	385.66	468.1	345.12	256.75	117.12	71.35
Long-Term Debt	138.51	75.07	39.55	-	-	22.03
Long-Term Leases	6.87	7.68	9.53	1.6	1.71	-
Long-Term Unearned Revenue	5.5	5.66	5.88	4.19	2.4	-
Long-Term Deferred Tax Liabilities	0.97	1.29	1.92	-	0.02	-
Other Long-Term Liabilities	-	-	2	-	-	-
Total Liabilities	537.51	557.81	404.01	262.54	121.25	93.38
Common Stock	70	70	52.5	52.5	52.5	50
Additional Paid-In Capital	550.27	550.27	120.47	120.47	120.47	37.22
Retained Earnings	256.45	327.95	230.51	139.31	39.27	-17.45
Total Common Equity	876.72	948.22	403.48	312.28	212.24	69.77
Minority Interest	30.2	38.86	38.76	39.73	0.07	-0.46
Shareholders' Equity	906.92	987.08	442.24	352.01	212.31	69.31
Total Liabilities & Equity	1,444	1,545	846.24	614.55	333.56	162.69
Total Debt	385.03	359.94	250.87	109.16	29.17	26.83
Net Cash (Debt)	41.35	159.08	-166.68	-10.08	35.6	30.71
Net Cash Growth	-	-	-	-	15.93%	45.26%
Net Cash Per Share	0.60	2.87	-3.17	-0.19	0.71	0.70
Filing Date Shares Outstanding	70	70	52.5	52.5	52.5	43.57
Total Common Shares Outstanding	70	70	52.5	52.5	52.5	43.57
Working Capital	945.86	959.33	375.36	241.14	148.08	45.2
Book Value Per Share	12.52	13.55	7.69	5.95	4.04	1.60
Tangible Book Value	846.19	913.87	360.55	260.76	198.13	55.31
Tangible Book Value Per Share	12.09	13.06	6.87	4.97	3.77	1.27
Buildings	-	32.26	32.26	32.26	-	5.18
Machinery	-	20.31	18.63	15.15	11.4	4.16
Construction In Progress	-	0.11	-	-	26.8	15.94

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