Lao Feng Xiang 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	10,676	8,153	9,319	5,578	7,046	5,605
Short-Term Investments	-	1.66	1.66	1.66	1.66	1.74
Trading Asset Securities	319.06	241.58	294.68	231.05	352.86	294.94
Cash & Short-Term Investments	10,995	8,397	9,615	5,810	7,401	5,902
Cash Growth	-13.68%	-12.67%	65.48%	-21.49%	25.40%	29.66%
Accounts Receivable	3,966	242.58	316.66	812.24	177.29	150.1
Other Receivables	38.23	6.84	11.46	997.65	688.9	608.14
Receivables	4,005	255.24	380.33	1,939	999.45	895.17
Inventory	8,051	11,825	12,328	16,799	12,549	11,882
Other Current Assets	531.61	1,039	723.29	198.5	61.52	72.28
Total Current Assets	23,582	21,515	23,046	24,747	21,011	18,752
Property, Plant & Equipment	792.36	731.74	794.93	808.22	860.38	376.87
Long-Term Investments	7.76	7.76	10.02	13.54	12.25	10.86
Other Intangible Assets	48.29	48.73	53.14	56.15	57.95	89.24
Long-Term Deferred Tax Assets	175.77	112	131.66	125.92	81.64	65.83
Long-Term Deferred Charges	152.28	176.23	150.39	63.46	50.05	45.58
Other Long-Term Assets	132	139.33	147.3	190.53	201.93	223.22
Total Assets	24,891	22,731	24,334	26,005	22,275	19,563
Accounts Payable	419.73	374.64	503.55	814.98	524.14	480.49
Accrued Expenses	89	200.76	119.47	68.6	296.43	39.93
Short-Term Debt	6,609	4,686	5,646	6,928	7,746	6,251
Current Portion of Long-Term Debt	149.06	-	900.75	1,171	440.99	983.01
Current Portion of Leases	-	157.25	143.13	140.31	134.1	-
Current Income Taxes Payable	296.62	135.95	216.05	540.55	465.64	354.07
Current Unearned Revenue	233.15	689.95	373.85	268.77	195.43	393.67
Other Current Liabilities	1,609	1,445	2,180	3,531	298.59	667.94
Total Current Liabilities	9,405	7,689	10,083	13,463	10,102	9,170
Long-Term Debt	79.9	-	200	200	900	900
Long-Term Leases	222.27	246.6	247.67	306.26	358.12	-
Long-Term Unearned Revenue	24.45	26.32	28.96	31.75	34.58	37.02
Long-Term Deferred Tax Liabilities	37.29	19.46	39.56	22.34	21.82	42.14
Total Liabilities	9,769	7,982	10,599	14,023	11,416	10,149
Common Stock	523.12	523.12	523.12	523.12	523.12	523.12
Additional Paid-In Capital	466.68	467.49	467.49	467.41	467.41	467.41
Retained Earnings	11,883	11,518	10,587	9,137	8,195	6,973
Comprehensive Income & Other	-12.63	-10.77	-4.01	0.8	5.69	1.86
Total Common Equity	12,861	12,498	11,574	10,128	9,191	7,965
Minority Interest	2,262	2,251	2,161	1,853	1,668	1,450
Shareholders' Equity	15,122	14,750	13,735	11,981	10,859	9,414
Total Liabilities & Equity	24,891	22,731	24,334	26,005	22,275	19,563
Total Debt	7,060	5,089	7,137	8,745	9,580	8,134
Net Cash (Debt)	3,935	3,307	2,477	-2,935	-2,179	-2,232
Net Cash Growth	-45.87%	33.49%	-	-	-	-
Net Cash Per Share	7.52	6.32	4.74	-5.61	-4.16	-4.27
Filing Date Shares Outstanding	523.12	523.12	523.12	523.12	523.12	523.12
Total Common Shares Outstanding	523.12	523.12	523.12	523.12	523.12	523.12
Working Capital	14,178	13,826	12,964	11,284	10,909	9,582
Book Value Per Share	24.58	23.89	22.13	19.36	17.57	15.23
Tangible Book Value	12,812	12,449	11,521	10,072	9,133	7,876
Tangible Book Value Per Share	24.49	23.80	22.02	19.25	17.46	15.06
Buildings	-	481.56	519.59	464.77	469.98	471.59
Machinery	-	241.27	253.68	236.31	229.71	224.11
Construction In Progress	-	2.12	67.24	45.99	36.52	17.78

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