FRA:1PH 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	Jun '25 Jun 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	1,195	977.33	1,236	3,100	2,324	2,701
Short-Term Investments	-	-	-	324.3	311.03	164.93
Trading Asset Securities	50	-	-	-	-	105.3
Cash & Short-Term Investments	1,245	977.33	1,236	3,424	2,635	2,972
Cash Growth	-3.55%	-20.93%	-63.90%	29.95%	-11.32%	30.56%
Accounts Receivable	1,413	1,440	1,567	1,513	799.46	641.48
Other Receivables	250.41	212.46	66.54	1,208	80.17	59.6
Receivables	1,663	1,653	1,633	2,720	879.63	701.08
Inventory	300.63	301.66	302.08	367.48	185.08	142.04
Other Current Assets	306.16	307.49	257.79	254.16	224.8	332.18
Total Current Assets	3,514	3,239	3,429	6,766	3,925	4,147
Property, Plant & Equipment	5,210	5,272	5,362	5,418	2,118	1,046
Long-Term Investments	1,081	1,028	1,031	1,573	1,928	748.31
Goodwill	3,599	3,599	3,599	3,740	2,276	1,472
Other Intangible Assets	7.13	7.78	45.3	68.66	75.35	1,346
Long-Term Deferred Tax Assets	11.97	33.22	42.18	26.3	10.18	0.19
Other Long-Term Assets	161.32	138.77	145.32	225.81	135.17	153.48
Total Assets	13,586	13,318	13,654	17,818	10,468	8,963
Accounts Payable	1,680	2,095	2,080	1,734	947.71	657.49
Accrued Expenses	-	711.94	711.19	844.33	448.21	320.56
Short-Term Debt	-	-	-	-	1,666	902.02
Current Portion of Long-Term Debt	850.15	701.72	1,278	1,311	-	-
Current Portion of Leases	59.66	51.95	45.03	38.52	22.23	19.4
Current Income Taxes Payable	79.33	21.3	90.44	35.4	42.78	46.79
Current Unearned Revenue	-	105.29	135.91	170.41	91.72	117.18
Other Current Liabilities	2,056	811.79	866.76	990.72	225.03	143.76
Total Current Liabilities	4,725	4,499	5,207	5,124	3,444	2,207
Long-Term Debt	-	734.7	884.85	1,017	-	-
Long-Term Leases	114.85	107.24	103.64	35.31	40.25	46.78
Long-Term Unearned Revenue	36.41	38.83	23.06	41.45	4.12	-
Pension & Post-Retirement Benefits	397.02	393.84	364.43	374.86	37.48	47.32
Long-Term Deferred Tax Liabilities	24.59	25.21	33.78	71.32	95.25	317.62
Other Long-Term Liabilities	519.48	20.88	24	499.17	0.33	3.84
Total Liabilities	5,817	5,820	6,641	7,164	3,621	2,623
Common Stock	0.27	0.27	0.27	0.27	0.27	0.27
Additional Paid-In Capital	5,329	5,433	5,572	5,615	5,785	5,878
Retained Earnings	2,700	2,360	1,794	1,537	1,271	852.85
Treasury Stock	-206.58	-206.58	-206.58	-206.58	-280.45	-282.77
Comprehensive Income & Other	-1,373	-1,373	-1,348	2,561	-325.28	-342.69
Total Common Equity	6,449	6,214	5,812	9,506	6,451	6,105
Minority Interest	1,319	1,285	1,201	1,148	395.67	235
Shareholders' Equity	7,769	7,498	7,013	10,654	6,846	6,340
Total Liabilities & Equity	13,586	13,318	13,654	17,818	10,468	8,963
Total Debt	1,025	1,596	2,311	2,402	1,729	968.19
Net Cash (Debt)	220	-618.27	-1,075	1,023	906.54	2,003
Net Cash Growth	-	-	-	12.80%	-54.75%	40.76%
Net Cash Per Share	0.17	-0.49	-0.85	0.81	0.72	1.59
Filing Date Shares Outstanding	1,297	1,297	1,297	1,266	1,256	1,254
Total Common Shares Outstanding	1,297	1,297	1,297	1,266	1,256	1,254
Working Capital	-1,210	-1,260	-1,778	1,642	480.85	1,940
Book Value Per Share	4.97	4.79	4.48	7.51	5.14	4.87
Tangible Book Value	2,843	2,607	2,168	5,697	4,099	3,288
Tangible Book Value Per Share	2.19	2.01	1.67	4.50	3.26	2.62
Land	-	587.79	587.79	586.31	-	-
Buildings	-	3,613	3,501	2,673	975.8	507.36
Machinery	-	5,184	4,701	2,465	944.97	429.74
Construction In Progress	-	66.18	142.79	136.8	82.62	42.19
Leasehold Improvements	-	-	-	-	198.54	119.65

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