Fujian Funeng 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	6,320	5,645	5,831	3,972	2,915	2,101
Accounts Receivable	5,477	5,581	4,865	4,634	3,102	2,856
Other Receivables	188.8	35.95	27.98	14.71	46.34	25.01
Inventory	536.89	583.28	664.19	695.51	528.95	445.15
Prepaid Expenses	-	0.03	3.04	26.1	-	-
Loans Receivable Current	-	-	-	40	40	40
Other Current Assets	247.27	247.59	374.48	421.54	541.07	323.69
Total Current Assets	12,770	12,093	11,765	9,804	7,173	5,791
Property, Plant & Equipment	27,384	27,123	27,212	27,862	26,705	17,971
Goodwill	70.58	70.58	95.38	55.82	148.83	207.24
Other Intangible Assets	785.36	799.27	568.63	469.06	470.94	470.77
Long-Term Investments	10,649	10,628	10,007	9,415	8,269	7,602
Long-Term Deferred Tax Assets	106.19	120.83	159.95	201.62	237.98	161.3
Long-Term Deferred Charges	28.19	93.6	168.49	35.42	13.83	29.2
Other Long-Term Assets	1,441	945.8	713.03	687.55	1,107	2,581
Total Assets	53,233	51,873	50,690	48,531	44,125	34,813
Accounts Payable	1,204	364.03	400.82	576.67	595.7	404.89
Accrued Expenses	132.76	233.63	163.75	140.75	209.39	240.01
Short-Term Debt	270.08	710.54	1,611	2,174	1,830	794.41
Current Portion of Long-Term Debt	2,756	2,018	3,276	2,276	1,136	1,233
Current Unearned Revenue	70.77	49.15	35.69	43.41	44.91	59.5
Current Portion of Leases	-	3.8	2.04	5.59	3.69	12.86
Current Income Taxes Payable	236.35	246.36	170.75	137.15	103.17	134.12
Other Current Liabilities	361.48	1,116	1,913	3,230	2,242	3,136
Total Current Liabilities	5,031	4,741	7,573	8,584	6,165	6,015
Long-Term Debt	15,071	14,954	14,956	15,285	15,321	9,756
Long-Term Leases	8.24	9.23	2.02	2.98	800.66	284.53
Long-Term Unearned Revenue	85.52	82.46	38.86	45.18	50.45	57.13
Long-Term Deferred Tax Liabilities	158.22	168.45	159.53	75.78	80.25	85.46
Other Long-Term Liabilities	12.94	13.73	7.21	10.97	3.14	5.55
Total Liabilities	20,367	19,970	22,737	24,004	22,421	16,204
Common Stock	5,021	5,021	4,782	4,195	4,195	4,001
Additional Paid-In Capital	7,618	7,602	6,304	6,251	6,247	4,745
Retained Earnings	13,486	12,561	10,568	9,313	7,128	6,261
Comprehensive Income & Other	118.96	92.16	267	225.12	222.51	494.72
Total Common Equity	26,243	25,277	21,922	19,985	17,793	15,502
Minority Interest	6,623	6,627	6,031	4,542	3,912	3,107
Shareholders' Equity	32,866	31,904	27,953	24,527	21,705	18,609
Total Liabilities & Equity	53,233	51,873	50,690	48,531	44,125	34,813
Total Debt	18,105	17,696	19,847	19,744	19,091	12,081
Net Cash (Debt)	-11,785	-12,051	-14,016	-15,772	-16,176	-9,980
Net Cash Per Share	-4.18	-4.31	-5.18	-5.84	-5.86	-4.21
Filing Date Shares Outstanding	2,718	2,780	2,561	2,541	2,541	2,321
Total Common Shares Outstanding	2,718	2,780	2,541	2,541	2,541	2,288
Working Capital	7,738	7,351	4,192	1,220	1,008	-224.33
Book Value Per Share	9.66	9.09	8.63	7.87	7.00	6.77
Tangible Book Value	25,387	24,407	21,258	19,460	17,173	14,824
Tangible Book Value Per Share	9.34	8.78	8.37	7.66	6.76	6.48
Buildings	-	7,676	7,550	7,376	6,963	5,411
Machinery	-	30,691	30,288	30,459	20,253	18,462
Construction In Progress	-	2,632	1,543	350.71	7,513	2,028

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