Fenbi 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	973.55	945.95	671.53	1,047	1,160	332.65
Short-Term Investments	160.96	153.22	759.62	41.07	-	-
Trading Asset Securities	196.51	123.76	195.25	20.03	10.14	351.64
Cash & Short-Term Investments	1,331	1,223	1,626	1,109	1,170	684.29
Cash Growth	3.83%	-24.81%	46.72%	-5.26%	70.98%	54.83%
Accounts Receivable	90.63	35.81	73.17	27.78	29.18	8.16
Other Receivables	23.8	44.62	23.27	20.9	45.35	14.69
Receivables	118.32	114.65	96.44	48.68	74.52	22.85
Inventory	65.57	77.04	60.99	94.17	87.2	73.85
Prepaid Expenses	-	0.56	0.56	0.57	3.96	0.38
Restricted Cash	-	-	5.67	-	-	-
Other Current Assets	129.01	36.88	40.01	38.09	44.83	61.44
Total Current Assets	1,644	1,452	1,830	1,290	1,381	842.81
Property, Plant & Equipment	144.84	172.09	240.24	291.9	660.79	471.69
Long-Term Investments	200.1	200.12	-	-	-	-
Other Intangible Assets	2.7	2.99	0.37	0.87	0.88	0.69
Long-Term Deferred Tax Assets	38.95	38.97	39.92	37.4	64.81	39.99
Other Long-Term Assets	32.46	10.68	11.93	13.25	35.23	13.75
Total Assets	2,063	1,877	2,123	1,633	2,142	1,369
Accounts Payable	18.07	34.56	30.28	22.01	28.43	31.77
Accrued Expenses	117.15	188.71	294.15	194.58	261	276.05
Current Portion of Leases	45.82	49.71	46.58	62.63	167.78	128.75
Current Income Taxes Payable	20.62	25.66	24.7	25.56	22.16	20.44
Current Unearned Revenue	227.76	140.36	149.49	117.87	169.19	156.1
Other Current Liabilities	136.82	182.93	236.3	301.96	704.22	762.47
Total Current Liabilities	566.24	621.93	781.5	724.6	1,353	1,376
Long-Term Debt	-	-	-	11,669	8,756	6,391
Long-Term Leases	23.8	40.86	71.68	101.65	267.9	178.56
Long-Term Unearned Revenue	-	0.78	1.54	1.41	-	-
Long-Term Deferred Tax Liabilities	2.25	9.91	0.05	0.02	-	-
Total Liabilities	592.3	673.48	854.76	12,496	10,377	7,945
Common Stock	0.15	0.15	0.15	0.05	0.05	0.04
Additional Paid-In Capital	15,082	15,064	15,104	2,648	2,648	2,308
Retained Earnings	-3,841	-4,068	-4,308	-4,496	-2,409	-362.74
Treasury Stock	-322.61	-368.41	-177.78	-	-	-
Comprehensive Income & Other	-9,448	-9,424	-9,351	-9,015	-8,474	-8,521
Shareholders' Equity	1,471	1,203	1,268	-10,863	-8,235	-6,576
Total Liabilities & Equity	2,063	1,877	2,123	1,633	2,142	1,369
Total Debt	69.63	90.57	118.26	11,833	9,192	6,698
Net Cash (Debt)	1,261	1,132	1,508	-10,725	-8,022	-6,014
Net Cash Growth	8.43%	-24.92%	-	-	-	-
Net Cash Per Share	0.58	0.52	0.68	-14.72	-11.01	-8.25
Filing Date Shares Outstanding	2,234	2,230	2,237	728.62	728.62	728.62
Total Common Shares Outstanding	2,234	2,230	2,237	728.62	728.62	728.62
Working Capital	1,078	830.13	1,049	565.42	27.72	-532.77
Book Value Per Share	0.66	0.54	0.57	-14.91	-11.30	-9.03
Tangible Book Value	1,468	1,200	1,267	-10,864	-8,236	-6,577
Tangible Book Value Per Share	0.66	0.54	0.57	-14.91	-11.30	-9.03
Machinery	161.79	163.01	161.71	167.05	207.23	94.55
Construction In Progress	-	-	30.89	-	-	-
Leasehold Improvements	54.96	54.4	50.39	71.67	133.39	75.85

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