Lao Feng Xiang 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	-	8,153	9,319	5,578	7,046
Short-Term Investments	-	1.66	1.66	1.66	1.66
Trading Asset Securities	-	241.58	294.68	231.05	352.86
Cash & Short-Term Investments	10,995	8,397	9,615	5,810	7,401
Cash Growth	30.95%	-12.67%	65.48%	-21.49%	25.40%
Accounts Receivable	-	242.58	316.66	812.24	177.29
Other Receivables	-	6.84	11.46	997.65	688.9
Receivables	-	255.24	380.33	1,939	999.45
Inventory	-	11,825	12,328	16,799	12,549
Other Current Assets	-	1,039	723.29	198.5	61.52
Total Current Assets	-	21,515	23,046	24,747	21,011
Property, Plant & Equipment	-	731.74	794.93	808.22	860.38
Long-Term Investments	-	7.76	10.02	13.54	12.25
Other Intangible Assets	-	48.73	53.14	56.15	57.95
Long-Term Deferred Tax Assets	-	112	131.66	125.92	81.64
Long-Term Deferred Charges	-	176.23	150.39	63.46	50.05
Other Long-Term Assets	-	139.33	147.3	190.53	201.93
Total Assets	-	22,731	24,334	26,005	22,275
Accounts Payable	-	374.64	503.55	814.98	524.14
Accrued Expenses	-	200.76	119.47	68.6	296.43
Short-Term Debt	-	4,686	5,646	6,928	7,746
Current Portion of Long-Term Debt	-	-	900.75	1,171	440.99
Current Portion of Leases	-	157.25	143.13	140.31	134.1
Current Income Taxes Payable	-	135.95	216.05	540.55	465.64
Current Unearned Revenue	-	689.95	373.85	268.77	195.43
Other Current Liabilities	-	1,445	2,180	3,531	298.59
Total Current Liabilities	-	7,689	10,083	13,463	10,102
Long-Term Debt	-	-	200	200	900
Long-Term Leases	-	246.6	247.67	306.26	358.12
Long-Term Unearned Revenue	-	26.32	28.96	31.75	34.58
Long-Term Deferred Tax Liabilities	-	19.46	39.56	22.34	21.82
Total Liabilities	-	7,982	10,599	14,023	11,416
Common Stock	-	523.12	523.12	523.12	523.12
Additional Paid-In Capital	-	467.49	467.49	467.41	467.41
Retained Earnings	-	11,518	10,587	9,137	8,195
Comprehensive Income & Other	-	-10.77	-4.01	0.8	5.69
Total Common Equity	12,861	12,498	11,574	10,128	9,191
Minority Interest	-	2,251	2,161	1,853	1,668
Shareholders' Equity	15,122	14,750	13,735	11,981	10,859
Total Liabilities & Equity	-	22,731	24,334	26,005	22,275
Total Debt	7,060	5,089	7,137	8,745	9,580
Net Cash (Debt)	3,935	3,307	2,477	-2,935	-2,179
Net Cash Growth	18.99%	33.49%	-	-	-
Net Cash Per Share	7.52	6.32	4.74	-5.61	-4.16
Filing Date Shares Outstanding	523.12	523.12	523.12	523.12	523.12
Total Common Shares Outstanding	523.12	523.12	523.12	523.12	523.12
Working Capital	-	13,826	12,964	11,284	10,909
Book Value Per Share	24.58	23.89	22.13	19.36	17.57
Tangible Book Value	12,812	12,449	11,521	10,072	9,133
Tangible Book Value Per Share	24.49	23.80	22.02	19.25	17.46
Buildings	-	481.56	519.59	464.77	469.98
Machinery	-	241.27	253.68	236.31	229.71
Construction In Progress	-	2.12	67.24	45.99	36.52

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