FRA:1VC 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	199.96	321.82	638.85	1,247	3,315	7,516
Trading Asset Securities	20.64	45.84	50.56	79.83	212.85	1,388
Cash & Short-Term Investments	220.59	367.66	689.4	1,326	3,528	8,904
Cash Growth	-38.62%	-46.67%	-48.02%	-62.40%	-60.38%	122.43%
Accounts Receivable	185.58	203.21	342.38	721.76	2,494	8,302
Other Receivables	313.12	413.22	348.6	539.19	645.67	2,356
Receivables	498.7	616.44	690.98	1,261	3,139	10,657
Restricted Cash	39.45	76.77	139.8	228.69	132.2	284.94
Other Current Assets	-	-	-	-	755.14	605.9
Total Current Assets	758.74	1,061	1,520	2,816	7,554	20,452
Property, Plant & Equipment	790.5	910.73	1,106	1,340	1,460	1,619
Long-Term Investments	74.4	74.43	73.11	69.14	71.64	300.69
Goodwill	-	-	-	-	-	549.22
Other Intangible Assets	10.05	11.3	435.5	552.95	1,908	699.47
Long-Term Deferred Tax Assets	-	-	387.66	392.91	402.99	845.47
Other Long-Term Assets	29.63	47.17	559.58	679.88	732.5	1,306
Total Assets	1,663	2,105	4,082	5,851	12,129	25,773
Accounts Payable	725.24	923.95	954.41	1,206	1,208	1,416
Accrued Expenses	157.54	1,588	1,133	919.95	914.18	1,280
Current Portion of Long-Term Debt	5,296	5,383	5,454	5,400	3,669	3,594
Current Portion of Leases	18.78	22.8	45.8	77.22	95.33	101.84
Current Income Taxes Payable	935.73	940.31	1,329	1,331	1,370	1,397
Current Unearned Revenue	103.03	185.87	256.33	158.33	208.06	156.37
Other Current Liabilities	2,525	812.5	772.91	984.69	1,121	1,285
Total Current Liabilities	9,762	9,856	9,946	10,077	8,586	9,230
Long-Term Debt	173	204.02	496.95	485.95	3,193	4,616
Long-Term Leases	18.32	31.92	94.47	176.95	198.08	232.21
Long-Term Deferred Tax Liabilities	2.72	2.73	108.04	138.52	162.21	201.06
Total Liabilities	9,956	10,095	10,645	10,879	12,139	14,279
Common Stock	0.12	0.12	0.12	0.12	0.12	0.12
Additional Paid-In Capital	6,148	6,148	6,148	6,148	6,148	6,240
Retained Earnings	-	-15,428	-14,155	-12,915	-9,019	2,624
Comprehensive Income & Other	-14,265	1,461	1,459	1,547	1,706	1,400
Total Common Equity	-8,117	-7,818	-6,547	-5,219	-1,165	10,264
Minority Interest	-175.46	-171.97	-15.47	191.31	1,155	1,229
Shareholders' Equity	-8,293	-7,990	-6,563	-5,028	-10	11,494
Total Liabilities & Equity	1,663	2,105	4,082	5,851	12,129	25,773
Total Debt	5,506	5,642	6,091	6,140	7,156	8,544
Net Cash (Debt)	-5,286	-5,274	-5,402	-4,814	-3,628	360.16
Net Cash Per Share	-3.02	-3.02	-3.09	-2.75	-2.07	0.25
Filing Date Shares Outstanding	1,749	1,749	1,749	1,749	1,749	1,499
Total Common Shares Outstanding	1,749	1,749	1,749	1,749	1,749	1,499
Working Capital	-9,003	-8,795	-8,426	-7,261	-1,032	11,222
Book Value Per Share	-4.64	-4.47	-3.74	-2.98	-0.67	6.85
Tangible Book Value	-8,127	-7,830	-6,983	-5,772	-3,072	9,015
Tangible Book Value Per Share	-4.65	-4.48	-3.99	-3.30	-1.76	6.02
Land	-	702.52	741.39	771.48	766.58	706.96
Machinery	-	102.19	125.66	131	151.73	117.91
Construction In Progress	-	-	-	-	-	67.51
Leasehold Improvements	-	447.73	458.49	457.34	453.3	325.86

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