Phancy 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	1,997	858.62	1,978	1,327	1,293
Short-Term Investments	377.56	559.65	492.95	-	20
Trading Asset Securities	832.35	475.23	562.34	1,330	2,536
Cash & Short-Term Investments	3,207	1,894	3,033	2,657	3,848
Cash Growth	69.36%	-37.57%	14.16%	-30.96%	191.09%
Accounts Receivable	2,342	3,087	1,886	1,524	782.76
Other Receivables	-	191.56	68.96	61.27	62.38
Receivables	2,342	3,278	1,955	1,586	845.13
Inventory	328.51	171.62	295.26	349.87	184.5
Restricted Cash	0.47	2.51	57.99	6.92	8.01
Other Current Assets	1,091	344.4	315.43	318.79	209.63
Total Current Assets	6,969	5,690	5,657	4,918	5,096
Property, Plant & Equipment	305.59	58.98	91.41	118.42	83.88
Long-Term Investments	1,996	1,419	714.42	1,209	871.5
Goodwill	-	165.64	335.8	335.8	259.73
Other Intangible Assets	0.48	24.11	89.88	121.51	135.66
Long-Term Accounts Receivable	-	1.24	21.27	16.3	1.2
Other Long-Term Assets	22.3	227.93	237.97	-	1
Total Assets	9,293	7,588	7,147	6,719	6,449
Accounts Payable	1,172	2,183	1,043	863.23	321.36
Accrued Expenses	-	46.91	193.32	165.59	135.55
Short-Term Debt	-	8.5	6.03	5.89	3.75
Current Portion of Long-Term Debt	23.38	5.88	90.22	42.66	-
Current Portion of Leases	10.53	11.01	25.7	28.31	24.36
Current Income Taxes Payable	-	1.34	4.04	1.84	4.93
Current Unearned Revenue	305.03	173.06	146.18	325.73	173.88
Other Current Liabilities	74.34	67.55	134.48	117.85	93.1
Total Current Liabilities	1,586	2,498	1,643	1,551	756.93
Long-Term Debt	178.5	-	12.5	6,517	5,837
Long-Term Leases	1.02	11.47	20.19	43.72	11
Long-Term Deferred Tax Liabilities	6.34	7.78	1.48	14.32	25.03
Other Long-Term Liabilities	17.74	-	17.44	53.68	66.54
Total Liabilities	1,789	2,517	1,695	8,180	6,697
Common Stock	519.68	465.86	465.86	437.71	437.71
Retained Earnings	-5,381	-5,355	-5,086	-4,178	-2,534
Treasury Stock	-28.95	-18.11	-	-4,898	-4,898
Comprehensive Income & Other	12,416	9,970	9,970	7,063	6,644
Total Common Equity	7,526	5,062	5,349	-1,575	-351.02
Minority Interest	-21.85	8.77	103.39	113.7	103.01
Shareholders' Equity	7,504	5,071	5,453	-1,461	-248.01
Total Liabilities & Equity	9,293	7,588	7,147	6,719	6,449
Total Debt	213.44	36.86	154.63	6,638	5,876
Net Cash (Debt)	2,993	1,857	2,879	-3,981	-2,028
Net Cash Growth	61.23%	-35.50%	-	-	-
Net Cash Per Share	5.99	3.99	8.86	-14.88	-8.67
Filing Date Shares Outstanding	513.47	493.4	465.86	437.71	234.03
Total Common Shares Outstanding	513.47	465.48	465.86	437.71	234.03
Working Capital	5,383	3,193	4,013	3,367	4,339
Book Value Per Share	14.66	10.88	11.48	-3.60	-1.50
Tangible Book Value	7,525	4,872	4,923	-2,032	-746.41
Tangible Book Value Per Share	14.66	10.47	10.57	-4.64	-3.19
Machinery	-	91.04	84.64	71.11	59.53
Construction In Progress	-	-	-	-	0.61
Leasehold Improvements	-	7.45	34.63	33.3	30.52

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