FRA:FUD Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	1,087	1,003	1,191	801.74
Trading Asset Securities	-	140.42	30.21	80.17	390.95
Cash & Short-Term Investments	1,211	1,228	1,034	1,271	1,193
Cash Growth	-1.41%	18.81%	-18.68%	6.57%	163.17%
Accounts Receivable	-	1,940	1,477	1,064	824.07
Other Receivables	-	2.4	5.67	1.72	0.15
Receivables	-	1,942	1,483	1,066	824.22
Inventory	-	3,134	3,177	1,483	916.08
Other Current Assets	-	176.7	243.47	507.01	108.68
Total Current Assets	-	6,481	5,937	4,327	3,042
Property, Plant & Equipment	-	1,644	1,630	930.11	670.51
Long-Term Investments	-	89	77.98	76.41	108.5
Other Intangible Assets	-	197.5	143.28	85.75	74.83
Long-Term Deferred Tax Assets	-	12.15	4.13	3.24	7.48
Long-Term Deferred Charges	-	552.72	520.19	382.77	230.11
Other Long-Term Assets	-	64.89	98.51	305.51	31.92
Total Assets	-	9,041	8,411	6,111	4,165
Accounts Payable	-	234.62	235.76	201.18	200.26
Accrued Expenses	-	198.81	264.37	214.89	182.63
Short-Term Debt	-	1,072	893.86	54	0.1
Current Portion of Long-Term Debt	-	353.78	55.24	-	31.66
Current Portion of Leases	-	14.43	17.1	15.18	13.18
Current Income Taxes Payable	-	0.18	0.36	-	4.21
Current Unearned Revenue	-	220.72	183.87	311.99	227.52
Other Current Liabilities	-	129.99	228.76	106.64	53.59
Total Current Liabilities	-	2,224	1,879	903.88	713.15
Long-Term Debt	-	239.86	530.06	-	18.2
Long-Term Leases	-	8.58	21.71	33.16	38.55
Long-Term Unearned Revenue	-	20.52	14.68	16.55	24.22
Long-Term Deferred Tax Liabilities	-	3.64	3.87	4.13	3.99
Total Liabilities	-	2,497	2,450	957.72	798.11
Common Stock	-	82.14	81.91	81.67	81.45
Additional Paid-In Capital	-	1,883	1,783	1,623	1,259
Retained Earnings	-	3,913	3,422	2,813	1,789
Comprehensive Income & Other	-	16.21	16.12	13.68	10.51
Total Common Equity	6,177	5,894	5,303	4,531	3,140
Minority Interest	-	650.04	658.73	621.94	226.66
Shareholders' Equity	6,809	6,544	5,962	5,153	3,367
Total Liabilities & Equity	-	9,041	8,411	6,111	4,165
Total Debt	1,564	1,689	1,518	102.34	101.69
Net Cash (Debt)	-353.38	-460.6	-484.42	1,169	1,091
Net Cash Growth	-	-	-	7.12%	171.04%
Net Cash Per Share	-0.43	-0.56	-0.59	1.42	1.46
Filing Date Shares Outstanding	841.93	821.43	819.06	816.66	814.5
Total Common Shares Outstanding	821.43	821.43	819.06	816.66	814.5
Working Capital	-	4,257	4,058	3,423	2,329
Book Value Per Share	7.52	7.18	6.47	5.55	3.86
Tangible Book Value	6,048	5,697	5,160	4,445	3,065
Tangible Book Value Per Share	7.36	6.93	6.30	5.44	3.76
Buildings	-	941.73	549.41	424.29	361.82
Machinery	-	1,592	1,346	907.43	746.07
Construction In Progress	-	54.8	480.66	193.78	54.69

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