FRA:3F5 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	34,065	30,805	30,920	37,089	31,051	43,456
Trading Asset Securities	0.04	0.04	0.04	6.35	0.04	501.05
Cash & Short-Term Investments	34,065	30,805	30,920	37,096	31,051	43,957
Cash Growth	0.93%	-0.37%	-16.65%	19.47%	-29.36%	85.79%
Accounts Receivable	4,209	3,470	2,387	2,689	3,483	1,236
Other Receivables	19,408	9,275	14,763	11,378	13,802	15,181
Receivables	23,617	35,617	34,032	36,944	45,026	38,327
Inventory	91,326	83,585	81,620	86,244	90,693	100,478
Prepaid Expenses	46,204	38,998	33,663	23,575	30,447	33,842
Restricted Cash	4,489	4,051	6,916	7,614	8,694	8,622
Total Current Assets	199,700	193,056	187,151	191,472	205,911	225,226
Property, Plant & Equipment	15,800	14,855	14,139	15,353	13,431	12,942
Long-Term Investments	62,888	59,408	54,735	54,705	44,072	27,571
Goodwill	479.87	479.87	249.12	249.12	-	-
Other Intangible Assets	359.08	401.12	381.17	487.43	174.89	107.47
Long-Term Accounts Receivable	2,712	2,669	2,448	2,430	-	-
Long-Term Deferred Tax Assets	3,144	3,090	3,151	3,735	3,249	3,053
Other Long-Term Assets	156,668	133,237	141,688	144,731	130,006	104,324
Total Assets	443,777	409,256	407,119	421,896	412,002	387,756
Accounts Payable	22,140	22,858	31,293	30,833	28,952	21,907
Accrued Expenses	55,782	53,946	44,709	46,395	39,949	38,278
Short-Term Debt	27,453	22,716	25,368	14,118	12,245	13,670
Current Portion of Long-Term Debt	-	-	-	14,165	14,163	19,079
Current Portion of Leases	229.91	222.6	194.17	175.45	117.21	96.55
Current Income Taxes Payable	2,236	2,910	2,011	2,773	1,990	2,283
Current Unearned Revenue	-	52,752	55,236	60,148	78,214	82,803
Other Current Liabilities	75,008	17,924	17,279	19,852	25,616	18,964
Total Current Liabilities	182,849	173,329	176,090	188,459	201,245	197,080
Long-Term Debt	95,843	107,038	108,623	107,024	93,452	80,408
Long-Term Leases	818.01	902.88	920.14	950.65	948.77	1,003
Long-Term Deferred Tax Liabilities	9,528	9,320	9,364	9,481	6,963	6,828
Other Long-Term Liabilities	33,973	10,388	2,284	3,295	2,600	610.45
Total Liabilities	323,012	300,978	297,282	309,209	305,209	285,929
Common Stock	26,925	26,925	26,918	26,738	26,140	26,132
Retained Earnings	21,046	20,283	19,959	27,268	27,543	25,692
Comprehensive Income & Other	6,373	6,367	-7,586	-6,560	-3,722	-5,062
Total Common Equity	54,343	53,575	39,291	47,445	49,961	46,762
Minority Interest	66,422	54,703	70,546	65,241	56,832	55,065
Shareholders' Equity	120,765	108,279	109,837	112,687	106,794	101,827
Total Liabilities & Equity	443,777	409,256	407,119	421,896	412,002	387,756
Total Debt	124,345	130,879	135,105	136,432	120,926	114,256
Net Cash (Debt)	-90,280	-100,074	-104,185	-99,337	-89,875	-70,300
Net Cash Per Share	-6.69	-7.41	-7.80	-7.79	-7.07	-5.74
Filing Date Shares Outstanding	13,506	13,506	13,500	13,315	12,688	12,686
Total Common Shares Outstanding	13,506	13,506	13,500	13,315	12,688	12,736
Working Capital	16,850	19,727	11,061	3,014	4,666	28,146
Book Value Per Share	2.90	2.84	2.91	3.56	3.94	3.67
Tangible Book Value	53,504	52,694	38,661	46,709	49,786	46,655
Tangible Book Value Per Share	2.84	2.78	2.86	3.51	3.92	3.66
Buildings	-	4,238	2,909	2,709	1,038	917.47
Machinery	-	3,139	3,151	3,238	2,619	2,432
Construction In Progress	-	4,107	3,852	3,322	3,571	3,046
Leasehold Improvements	-	124.13	116.55	61.7	41.94	22.15

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