FS.COM 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	802.27	537.58	833.31	370.72	504.62
Short-Term Investments	-	93	-	-	-
Trading Asset Securities	762.77	506.44	180.35	390.04	320.85
Cash & Short-Term Investments	1,565	1,137	1,014	760.76	825.46
Cash Growth	37.64%	12.17%	33.24%	-7.84%	116.27%
Accounts Receivable	220.46	154.62	122.6	103.01	90.38
Other Receivables	178.66	130.91	128.93	167.26	51.24
Receivables	399.12	285.53	251.53	270.27	141.62
Inventory	473.19	572.27	606.12	659.08	290.92
Prepaid Expenses	-	-	-	-	0.85
Other Current Assets	35.15	20.76	17.62	22.18	75.88
Total Current Assets	2,473	2,016	1,889	1,712	1,335
Property, Plant & Equipment	1,277	1,313	434.38	342.32	243.28
Other Intangible Assets	12.78	18.38	20.92	25.02	27.73
Long-Term Deferred Tax Assets	106.08	110.54	90.87	61.61	42.34
Long-Term Deferred Charges	-	-	-	-	3.58
Other Long-Term Assets	85.93	92.81	284.33	12.59	-
Total Assets	3,954	3,550	2,719	2,154	1,652
Accounts Payable	236.04	251.45	278.33	345.63	203.86
Accrued Expenses	139.3	113.82	95	71.48	47
Short-Term Debt	5.56	4.55	4.23	3.14	2.21
Current Portion of Long-Term Debt	176.25	63.79	11.36	8.72	2.78
Current Portion of Leases	26.92	24.37	16.87	14.9	20.89
Current Income Taxes Payable	15.75	8.19	24.06	21.67	14.96
Current Unearned Revenue	70.55	40.69	109.5	44.56	36.3
Other Current Liabilities	696.63	32.45	23.72	19.79	77.98
Total Current Liabilities	1,367	539.31	563.07	529.89	405.97
Long-Term Debt	333.37	509.57	85.42	70.3	13.18
Long-Term Leases	93.84	100.78	69.32	14.1	12.29
Other Long-Term Liabilities	-	-	3.64	7.12	9.52
Total Liabilities	1,794	1,150	721.43	621.4	440.96
Common Stock	360	360	360	360	360
Additional Paid-In Capital	-	562.05	562.05	562.05	572.79
Retained Earnings	-	1,442	1,045	588.08	283.57
Comprehensive Income & Other	1,800	36.61	31.12	22.3	-5.65
Shareholders' Equity	2,160	2,401	1,998	1,532	1,211
Total Liabilities & Equity	3,954	3,550	2,719	2,154	1,652
Total Debt	635.93	703.06	187.19	111.15	51.34
Net Cash (Debt)	929.11	433.96	826.47	649.61	774.12
Net Cash Growth	114.10%	-47.49%	27.23%	-16.09%	145.95%
Net Cash Per Share	2.61	1.22	2.33	1.83	9.37
Filing Date Shares Outstanding	400	360	343.77	360	82.65
Total Common Shares Outstanding	360	360	343.77	360	82.65
Working Capital	1,106	1,476	1,326	1,182	928.76
Book Value Per Share	6.00	6.67	5.81	4.26	14.65
Tangible Book Value	2,147	2,382	1,977	1,507	1,183
Tangible Book Value Per Share	5.96	6.62	5.75	4.19	14.31
Land	-	979.86	208.72	208.72	-
Buildings	-	-	-	-	172.48
Machinery	-	135.23	107.43	90.18	53.36
Construction In Progress	-	28.56	7.1	17.28	6.12
Leasehold Improvements	-	208.2	119.77	52.85	-

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