FRA:LUG 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	168.41	153.04	280.54	696.36	1,137	338.34
Cash & Short-Term Investments	168.41	153.04	280.54	696.36	1,137	338.34
Cash Growth	-47.93%	-45.45%	-59.71%	-38.73%	235.92%	-21.84%
Accounts Receivable	1,822	1,847	2,891	2,343	1,013	1,193
Other Receivables	148.26	89.51	147.32	99.32	15.09	547.77
Receivables	1,970	1,937	3,039	2,442	1,028	1,741
Inventory	745.11	891.34	686.89	695.51	686.16	307.9
Prepaid Expenses	-	0.06	0	-	-	-
Other Current Assets	354.49	320.49	308.28	235.6	317.49	224.86
Total Current Assets	3,238	3,302	4,314	4,070	3,169	2,612
Property, Plant & Equipment	9,189	8,029	6,730	5,194	5,168	3,342
Goodwill	17.58	17.58	17.58	17.58	-	-
Other Intangible Assets	867.08	760.06	745.12	699.58	644.28	453.96
Long-Term Deferred Tax Assets	132.66	133.9	15.96	16.84	16.99	10.47
Long-Term Deferred Charges	13.58	10.47	14.9	9.24	14.37	19.38
Other Long-Term Assets	106.27	52.2	590.13	559.26	240.94	88.52
Total Assets	13,564	12,305	12,428	10,566	9,253	6,526
Accounts Payable	2,751	1,961	2,022	2,157	1,296	982.71
Accrued Expenses	23.8	64.13	105.34	60.62	71.65	100.96
Short-Term Debt	2,190	1,641	760.66	1,098	1,327	1,278
Current Portion of Long-Term Debt	881.48	931.65	449.92	54.43	256.17	351.26
Current Portion of Leases	-	2.27	3.55	3.39	2.49	-
Current Income Taxes Payable	16.37	-	26.92	12.1	4.88	62.65
Current Unearned Revenue	22.27	8.38	8.37	18.59	46.72	59.5
Other Current Liabilities	404.23	493.25	777.81	742.72	718.28	820.13
Total Current Liabilities	6,290	5,102	4,155	4,147	3,723	3,656
Long-Term Debt	3,217	2,729	3,124	1,704	1,033	640.53
Long-Term Leases	3.41	3.67	5.86	9.41	6.77	9.24
Long-Term Unearned Revenue	135.21	62.44	52.75	51.34	132.72	125.13
Long-Term Deferred Tax Liabilities	36.58	34.45	37.31	40.57	18.55	15.45
Total Liabilities	9,682	7,931	7,374	5,952	4,914	4,446
Common Stock	645.67	645.67	645.67	645.67	645.67	548.54
Additional Paid-In Capital	-	3,781	3,781	3,781	3,792	2,078
Retained Earnings	-1,006	-409.27	200.66	-194.06	-603.1	-858.86
Comprehensive Income & Other	3,781	-	-	-	-	-
Total Common Equity	3,421	4,017	4,627	4,232	3,835	1,768
Minority Interest	460.65	356.93	426.09	381.21	504.07	312.43
Shareholders' Equity	3,882	4,374	5,053	4,614	4,339	2,080
Total Liabilities & Equity	13,564	12,305	12,428	10,566	9,253	6,526
Total Debt	6,292	5,307	4,344	2,869	2,625	2,279
Net Cash (Debt)	-6,124	-5,154	-4,063	-2,173	-1,488	-1,941
Net Cash Per Share	-9.51	-7.98	-6.29	-3.36	-2.56	-3.52
Filing Date Shares Outstanding	645.67	645.67	645.67	645.67	645.67	548.54
Total Common Shares Outstanding	645.67	645.67	645.67	645.67	645.67	548.54
Working Capital	-3,052	-1,800	159.75	-77.3	-554.71	-1,044
Book Value Per Share	5.30	6.22	7.17	6.56	5.94	3.22
Tangible Book Value	2,536	3,240	3,864	3,515	3,191	1,314
Tangible Book Value Per Share	3.93	5.02	5.99	5.44	4.94	2.39
Buildings	-	2,168	1,978	1,668	1,484	1,233
Machinery	-	3,353	4,071	3,203	3,432	2,945
Construction In Progress	-	3,389	1,773	1,159	1,420	83.91

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