Langfang Development 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	184.39	263.47	126.69	136.71	132.37	108
Trading Asset Securities	25	-	-	16.8	7.01	-
Cash & Short-Term Investments	209.39	263.47	126.69	153.51	139.38	108
Cash Growth	-0.68%	107.96%	-17.47%	10.13%	29.06%	-18.43%
Accounts Receivable	18.04	13.35	13.19	23.8	20.57	51.54
Other Receivables	1.2	0.31	0.21	0.16	0.42	0.95
Receivables	19.25	13.66	13.4	23.96	21	52.5
Inventory	27.65	30.74	15.01	14.56	14.1	10.66
Prepaid Expenses	-	0.01	0.07	0.09	-	-
Other Current Assets	1.92	1.76	1.65	2.03	5.49	5.5
Total Current Assets	258.21	309.65	156.81	194.13	179.97	176.66
Property, Plant & Equipment	192.89	207.01	230.34	239.95	251.05	273.49
Long-Term Investments	15.61	15.42	12.4	16.7	16.88	16.3
Goodwill	40.36	40.36	40.36	40.36	40.36	40.36
Other Intangible Assets	47.99	25.23	25.83	26.5	14.39	14.84
Long-Term Deferred Tax Assets	9.33	13.25	16.24	13.48	6.92	4.91
Long-Term Deferred Charges	3.16	4.77	7.36	11.68	15.9	19.95
Other Long-Term Assets	8.56	13.73	109.7	114.92	124.99	126.26
Total Assets	576.1	629.41	599.03	657.73	650.47	672.77
Accounts Payable	116.49	91.3	81.34	82.03	46.16	15.77
Accrued Expenses	1.37	5.95	7.37	6.64	7.33	7.44
Short-Term Debt	38.03	48.05	48.05	48.06	30.03	35.04
Current Portion of Long-Term Debt	-	-	13.05	3.55	0.05	-
Current Portion of Leases	0.19	0.08	0.3	0.29	0.27	-
Current Income Taxes Payable	0.33	3.62	0.39	5.21	6.2	9.11
Current Unearned Revenue	19.99	83.62	92.61	77.56	61.13	83.77
Other Current Liabilities	12.72	11.79	16.15	14.07	14.12	42.19
Total Current Liabilities	189.14	244.4	259.26	237.42	165.31	193.31
Long-Term Debt	-	-	21	32.5	37	-
Long-Term Leases	0.26	-	0.08	0.52	0.81	-
Long-Term Unearned Revenue	12.4	-	-	1.01	4.06	4.11
Long-Term Deferred Tax Liabilities	5.21	5.68	7.02	8.69	9.62	8.11
Other Long-Term Liabilities	38.57	57.14	89.66	130.18	169.99	211.12
Total Liabilities	245.58	307.22	377.01	410.32	386.8	416.65
Common Stock	380.16	380.16	380.16	380.16	380.16	380.16
Additional Paid-In Capital	59.6	59.6	59.6	59.6	59.6	59.6
Retained Earnings	-206.51	-207.61	-292.54	-277.65	-269.27	-271.3
Total Common Equity	233.25	232.15	147.22	162.11	170.49	168.46
Minority Interest	97.27	90.03	74.79	85.3	93.18	87.66
Shareholders' Equity	330.52	322.18	222.02	247.41	263.67	256.12
Total Liabilities & Equity	576.1	629.41	599.03	657.73	650.47	672.77
Total Debt	38.49	48.13	82.48	84.92	68.17	35.04
Net Cash (Debt)	170.9	215.34	44.21	68.59	71.21	72.96
Net Cash Growth	6.35%	387.11%	-35.54%	-3.69%	-2.40%	-35.07%
Net Cash Per Share	0.45	0.57	0.12	0.18	0.19	0.19
Filing Date Shares Outstanding	380.16	380.16	380.16	380.16	380.16	380.16
Total Common Shares Outstanding	380.16	380.16	380.16	380.16	380.16	380.16
Working Capital	69.07	65.24	-102.44	-43.28	14.66	-16.65
Book Value Per Share	0.61	0.61	0.39	0.43	0.45	0.44
Tangible Book Value	144.9	166.56	81.04	95.25	115.74	113.26
Tangible Book Value Per Share	0.38	0.44	0.21	0.25	0.30	0.30
Buildings	-	129.68	129.68	129.68	129.86	128.04
Machinery	-	315.05	150.17	137	137.81	132.31
Construction In Progress	-	9.03	9.67	7	0.79	1.94

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