Fufeng Group 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	13,466	9,902	6,856	7,008	3,542
Short-Term Investments	164.57	126.42	102.15	74.68	43.08
Cash & Short-Term Investments	13,630	10,029	6,958	7,083	3,586
Cash Growth	35.91%	44.12%	-1.76%	97.54%	183.27%
Accounts Receivable	1,182	1,087	1,049	1,061	1,779
Other Receivables	1.64	83.79	65.6	7.96	2.91
Receivables	1,193	1,225	1,130	1,084	1,787
Inventory	6,757	6,034	6,123	5,846	4,593
Restricted Cash	6,030	3,009	3,421	631.37	512.39
Other Current Assets	696.05	2,235	2,083	1,208	723.42
Total Current Assets	28,306	22,532	19,715	15,852	11,201
Property, Plant & Equipment	14,751	13,345	12,538	10,288	10,080
Long-Term Investments	13.71	5.32	10	10.19	14.09
Other Intangible Assets	88.28	72.22	51.33	45.45	48.32
Long-Term Deferred Tax Assets	42.43	57.14	8.6	41.93	107.58
Other Long-Term Assets	512.81	78.33	237.99	150.4	59.93
Total Assets	43,715	36,090	32,561	26,389	21,511
Accounts Payable	1,655	1,973	1,411	1,465	1,546
Accrued Expenses	516.36	529.98	478.7	433.97	347.9
Current Portion of Long-Term Debt	17,446	11,016	9,578	5,369	1,722
Current Portion of Leases	1.11	0.85	0.49	0.89	0.77
Current Income Taxes Payable	163.08	294.55	230.48	264.91	158.41
Current Unearned Revenue	1,192	744.57	537.01	786.39	685.87
Other Current Liabilities	1,874	1,681	1,809	1,069	912.53
Total Current Liabilities	22,847	16,240	14,045	9,388	5,374
Long-Term Debt	199.9	348	207.38	658.12	2,575
Long-Term Leases	0.43	1.3	0.07	0.51	1.2
Long-Term Unearned Revenue	1,004	976.81	893.01	756.72	776.43
Long-Term Deferred Tax Liabilities	204.03	180.23	91.65	91.65	16.65
Other Long-Term Liabilities	-	-	-	-	90.37
Total Liabilities	24,255	17,747	15,237	10,895	8,833
Common Stock	240.84	240.79	243.51	243.46	243.26
Additional Paid-In Capital	155.36	152.71	267.72	266.29	259.43
Retained Earnings	17,566	18,277	17,194	15,329	12,526
Treasury Stock	-	-	-44.24	-	-
Comprehensive Income & Other	1,498	-327.82	-336.92	-345.52	-350.86
Shareholders' Equity	19,460	18,343	17,324	15,494	12,678
Total Liabilities & Equity	43,715	36,090	32,561	26,389	21,511
Total Debt	17,647	11,367	9,785	6,028	4,299
Net Cash (Debt)	-4,017	-1,338	-2,827	1,055	-713.44
Net Cash Per Share	-1.60	-0.53	-1.11	0.42	-0.28
Filing Date Shares Outstanding	2,507	2,507	2,520	2,536	2,534
Total Common Shares Outstanding	2,507	2,507	2,525	2,536	2,534
Working Capital	5,459	6,292	5,671	6,464	5,828
Book Value Per Share	7.76	7.32	6.86	6.11	5.00
Tangible Book Value	19,372	18,271	17,273	15,448	12,629
Tangible Book Value Per Share	7.73	7.29	6.84	6.09	4.98
Buildings	-	-	-	-40.5	-
Machinery	-	23,244	19,638	19,182	18,238
Construction In Progress	-	1,875	3,618	803.09	490.47

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.