Fangzhou 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	233.49	174.64	146.32	134.91	84.66
Trading Asset Securities	80.99	86.87	-	-	-
Cash & Short-Term Investments	314.48	261.51	146.32	134.91	84.66
Cash Growth	20.26%	78.73%	8.46%	59.36%	-
Accounts Receivable	61.76	36.28	24.1	29.39	7.57
Other Receivables	29.17	40.16	36.39	80.37	89.65
Receivables	90.93	76.44	60.49	109.76	97.22
Inventory	180.4	141.42	136.05	126.46	111.53
Prepaid Expenses	10.04	16.66	18.47	64	10.17
Other Current Assets	176.38	112.29	106.03	40.04	8.54
Total Current Assets	772.23	608.33	467.35	475.17	312.11
Property, Plant & Equipment	36.69	53.46	51.64	31.26	23.38
Long-Term Investments	-	-	-	10	10
Other Intangible Assets	2.71	2.24	2.28	2.45	2.44
Other Long-Term Assets	2.26	0.08	0.1	-	0.77
Total Assets	813.89	664.09	521.37	518.88	348.69
Accounts Payable	495.73	348.63	292.94	220.08	191.5
Accrued Expenses	40.45	45.28	74.31	65.81	36.51
Short-Term Debt	4.01	3	5.01	10.15	-
Current Portion of Leases	15.39	16.8	15.35	12.8	9.96
Current Income Taxes Payable	0.14	0.01	0.02	0.01	-
Current Unearned Revenue	19.74	22.45	19.87	89.37	18.06
Other Current Liabilities	68.32	65.13	74.45	78.83	55.84
Total Current Liabilities	643.77	501.3	481.94	477.05	311.86
Long-Term Debt	-	-	1,912	1,738	1,369
Long-Term Leases	16.39	31.09	29.37	13.86	8.32
Total Liabilities	660.16	532.39	2,423	2,229	1,689
Common Stock	0.19	0.19	0.09	0.09	0.09
Additional Paid-In Capital	-	913.85	36.99	30.08	22.68
Retained Earnings	-	-2,016	-1,161	-964.16	-580.85
Comprehensive Income & Other	153.54	1,233	-777.6	-775.91	-782.17
Shareholders' Equity	153.73	131.7	-1,901	-1,710	-1,340
Total Liabilities & Equity	813.89	664.09	521.37	518.88	348.69
Total Debt	35.79	50.89	1,961	1,775	1,387
Net Cash (Debt)	278.69	210.62	-1,815	-1,640	-1,302
Net Cash Growth	32.32%	-	-	-	-
Net Cash Per Share	0.21	0.22	-3.25	-	-
Filing Date Shares Outstanding	1,340	1,340	744.8	-	-
Total Common Shares Outstanding	1,340	1,340	744.8	-	-
Working Capital	128.46	107.03	-14.59	-1.88	0.25
Book Value Per Share	0.11	0.10	-2.55	-	-
Tangible Book Value	151.02	129.47	-1,904	-1,712	-1,343
Tangible Book Value Per Share	0.11	0.10	-2.56	-	-
Machinery	-	15.02	12.87	10.29	7.68
Leasehold Improvements	-	10.11	9.39	9.35	7.75

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