Fangzhou 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
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
Cash & Equivalents	214	174.64	146.32	134.91	84.66
Trading Asset Securities	80.17	86.87	-	-	-
Cash & Short-Term Investments	294.17	261.51	146.32	134.91	84.66
Cash Growth	112.52%	78.73%	8.46%	59.36%	-
Accounts Receivable	49.11	36.28	24.1	29.39	7.57
Other Receivables	67.21	75.28	97.34	80.37	89.65
Receivables	116.33	111.56	121.43	109.76	97.22
Inventory	202.67	141.42	136.05	126.46	111.53
Prepaid Expenses	14.99	16.66	18.47	64	10.17
Other Current Assets	96.2	77.18	45.09	40.04	8.54
Total Current Assets	724.36	608.33	467.35	475.17	312.11
Property, Plant & Equipment	41.36	53.46	51.64	31.26	23.38
Long-Term Investments	-	-	-	10	10
Other Intangible Assets	2.91	2.24	2.28	2.45	2.44
Other Long-Term Assets	0.15	0.08	0.1	-	0.77
Total Assets	768.78	664.09	521.37	518.88	348.69
Accounts Payable	470.92	348.63	292.94	220.08	191.5
Accrued Expenses	32.12	45.28	74.31	65.81	36.51
Short-Term Debt	0.01	3	5.01	10.15	-
Current Portion of Leases	14.97	16.8	15.35	12.8	9.96
Current Income Taxes Payable	-	0.01	0.02	0.01	-
Current Unearned Revenue	22.99	22.45	19.87	89.37	18.06
Other Current Liabilities	56.29	65.13	74.45	78.83	55.84
Total Current Liabilities	597.3	501.3	481.94	477.05	311.86
Long-Term Debt	-	-	1,912	1,738	1,369
Long-Term Leases	21.49	31.09	29.37	13.86	8.32
Total Liabilities	618.79	532.39	2,423	2,229	1,689
Common Stock	0.19	0.19	0.09	0.09	0.09
Additional Paid-In Capital	923.46	913.85	36.99	30.08	22.68
Retained Earnings	-2,003	-2,016	-1,161	-964.16	-580.85
Comprehensive Income & Other	1,230	1,233	-777.6	-775.91	-782.17
Shareholders' Equity	149.99	131.7	-1,901	-1,710	-1,340
Total Liabilities & Equity	768.78	664.09	521.37	518.88	348.69
Total Debt	36.47	50.89	1,961	1,775	1,387
Net Cash (Debt)	257.7	210.62	-1,815	-1,640	-1,302
Net Cash Per Share	0.20	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	127.06	107.03	-14.59	-1.88	0.25
Book Value Per Share	0.11	0.10	-2.55	-	-
Tangible Book Value	147.08	129.47	-1,904	-1,712	-1,343
Tangible Book Value Per Share	0.11	0.10	-2.56	-	-
Machinery	15.71	15.02	12.87	10.29	7.68
Leasehold Improvements	10.65	10.11	9.39	9.35	7.75

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