FriendTimes 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	153.02	334.83	396.22	403.94	752.26
Short-Term Investments	330.65	247.29	171.66	137.46	25.44
Trading Asset Securities	356.51	204.24	381.39	404.74	297.06
Cash & Short-Term Investments	840.18	786.36	949.27	946.14	1,075
Cash Growth	6.84%	-17.16%	0.33%	-11.97%	-12.33%
Accounts Receivable	61.23	66.3	58.33	73.34	96.01
Other Receivables	-	8.84	16.87	18.32	54.78
Receivables	61.23	75.14	75.2	91.66	150.79
Inventory	-	-	-	-	0.75
Restricted Cash	2.63	3.46	5.52	-	-
Other Current Assets	11.53	13.28	17.82	19.45	15.14
Total Current Assets	915.56	878.25	1,048	1,057	1,241
Property, Plant & Equipment	210.19	227.56	250.62	275.53	287.28
Long-Term Investments	292.19	280.42	154.34	200.67	159.65
Other Intangible Assets	2.2	3.24	2.05	4.05	16.6
Long-Term Deferred Tax Assets	7.27	5.41	8.88	72.68	72
Other Long-Term Assets	7.19	7.59	1.92	2.99	29.75
Total Assets	1,435	1,402	1,466	1,613	1,807
Accounts Payable	98.38	38.1	31.46	17.23	19
Accrued Expenses	-	42.6	55.22	56.53	70.72
Short-Term Debt	70.34	149.42	147.42	-	-
Current Portion of Leases	0.69	-	0.47	0.91	1.12
Current Income Taxes Payable	1.4	1.43	1.41	0.02	0.02
Current Unearned Revenue	20.21	10.54	16.11	24.99	33.14
Other Current Liabilities	-	5.33	3.66	6.3	27.37
Total Current Liabilities	191.01	247.43	255.73	105.97	151.36
Long-Term Leases	-	-	-	0.47	-
Long-Term Unearned Revenue	3.59	4.97	6.32	9.8	8.96
Total Liabilities	194.6	252.4	262.05	116.23	160.32
Common Stock	0.15	0.15	0.15	0.15	0.15
Additional Paid-In Capital	-	19.64	19.64	49.13	92.19
Retained Earnings	-	977.3	1,026	1,253	1,409
Comprehensive Income & Other	1,240	152.98	157.61	194.63	145.39
Total Common Equity	1,240	1,150	1,204	1,497	1,646
Shareholders' Equity	1,240	1,150	1,204	1,497	1,646
Total Liabilities & Equity	1,435	1,402	1,466	1,613	1,807
Total Debt	71.03	149.42	147.88	1.37	1.12
Net Cash (Debt)	769.15	636.94	801.39	944.77	1,074
Net Cash Growth	20.76%	-20.52%	-15.18%	-12.00%	-12.34%
Net Cash Per Share	0.33	0.30	0.37	0.43	0.49
Filing Date Shares Outstanding	2,557	2,102	2,121	2,181	2,181
Total Common Shares Outstanding	2,557	2,102	2,121	2,181	2,181
Working Capital	724.56	630.82	792.08	951.29	1,090
Book Value Per Share	0.48	0.55	0.57	0.69	0.75
Tangible Book Value	1,238	1,147	1,202	1,493	1,630
Tangible Book Value Per Share	0.48	0.55	0.57	0.68	0.75
Buildings	-	235.5	235.5	235.32	225.14
Machinery	-	88.23	93.11	93.79	90.59
Leasehold Improvements	-	0.28	0.28	0.28	0.28

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.