Fujian Funeng 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	11,034	5,645	5,831	3,972	2,915
Accounts Receivable	5,377	5,581	4,865	4,634	3,102
Other Receivables	19.17	35.95	27.98	14.71	46.34
Inventory	602.23	583.28	664.19	695.51	528.95
Prepaid Expenses	-	0.03	3.04	26.1	-
Loans Receivable Current	-	-	-	40	40
Other Current Assets	246.37	247.59	374.48	421.54	541.07
Total Current Assets	17,279	12,093	11,765	9,804	7,173
Property, Plant & Equipment	28,664	27,123	27,212	27,862	26,705
Goodwill	70.58	70.58	95.38	55.82	148.83
Other Intangible Assets	779.16	799.27	568.63	469.06	470.94
Long-Term Investments	11,131	10,628	10,007	9,415	8,269
Long-Term Deferred Tax Assets	76.78	120.83	159.95	201.62	237.98
Long-Term Deferred Charges	27.24	93.6	168.49	35.42	13.83
Other Long-Term Assets	1,166	945.8	713.03	687.55	1,107
Total Assets	59,193	51,873	50,690	48,531	44,125
Accounts Payable	1,462	364.03	400.82	576.67	595.7
Accrued Expenses	89.46	233.63	163.75	140.75	209.39
Short-Term Debt	320.18	710.54	1,611	2,174	1,830
Current Portion of Long-Term Debt	3,086	2,018	3,276	2,276	1,136
Current Unearned Revenue	61.39	49.15	35.69	43.41	44.91
Current Portion of Leases	-	3.8	2.04	5.59	3.69
Current Income Taxes Payable	339	246.36	170.75	137.15	103.17
Other Current Liabilities	182.66	1,116	1,913	3,230	2,242
Total Current Liabilities	5,541	4,741	7,573	8,584	6,165
Long-Term Debt	18,263	14,954	14,956	15,285	15,321
Long-Term Leases	7.86	9.23	2.02	2.98	800.66
Long-Term Unearned Revenue	95.29	82.46	38.86	45.18	50.45
Long-Term Deferred Tax Liabilities	224.23	168.45	159.53	75.78	80.25
Other Long-Term Liabilities	620.86	13.73	7.21	10.97	3.14
Total Liabilities	24,752	19,970	22,737	24,004	22,421
Common Stock	5,021	5,021	4,782	4,195	4,195
Additional Paid-In Capital	7,612	7,602	6,304	6,251	6,247
Retained Earnings	14,454	12,561	10,568	9,313	7,128
Comprehensive Income & Other	328.31	92.16	267	225.12	222.51
Total Common Equity	27,415	25,277	21,922	19,985	17,793
Minority Interest	7,026	6,627	6,031	4,542	3,912
Shareholders' Equity	34,442	31,904	27,953	24,527	21,705
Total Liabilities & Equity	59,193	51,873	50,690	48,531	44,125
Total Debt	21,677	17,696	19,847	19,744	19,091
Net Cash (Debt)	-10,643	-12,051	-14,016	-15,772	-16,176
Net Cash Per Share	-3.74	-4.31	-5.18	-5.84	-5.86
Filing Date Shares Outstanding	2,872	2,780	2,561	2,541	2,541
Total Common Shares Outstanding	2,872	2,780	2,541	2,541	2,541
Working Capital	11,738	7,351	4,192	1,220	1,008
Book Value Per Share	9.55	9.09	8.63	7.87	7.00
Tangible Book Value	26,565	24,407	21,258	19,460	17,173
Tangible Book Value Per Share	9.25	8.78	8.37	7.66	6.76
Buildings	-	7,676	7,550	7,376	6,963
Machinery	-	30,691	30,288	30,459	20,253
Construction In Progress	-	2,632	1,543	350.71	7,513

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