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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	11,002	10,049	8,153	9,319	5,578	7,046
Short-Term Investments	-	-	1.66	1.66	1.66	1.66
Trading Asset Securities	196.51	241.23	241.58	294.68	231.05	352.86
Cash & Short-Term Investments	11,199	10,291	8,397	9,615	5,810	7,401
Cash Growth	-32.29%	22.56%	-12.67%	65.48%	-21.49%	25.40%
Accounts Receivable	2,110	237.59	242.58	316.66	812.24	177.29
Other Receivables	37.58	34.01	6.84	11.46	997.65	688.9
Receivables	2,147	271.61	255.24	380.33	1,939	999.45
Inventory	9,573	8,572	11,825	12,328	16,799	12,549
Other Current Assets	308.05	331.89	1,039	723.29	198.5	61.52
Total Current Assets	23,227	19,466	21,515	23,046	24,747	21,011
Property, Plant & Equipment	715.61	734.61	731.74	794.93	808.22	860.38
Long-Term Investments	7.98	7.98	7.76	10.02	13.54	12.25
Other Intangible Assets	84.92	85.99	48.73	53.14	56.15	57.95
Long-Term Deferred Tax Assets	179.87	142.68	112	131.66	125.92	81.64
Long-Term Deferred Charges	149.43	159.42	176.23	150.39	63.46	50.05
Other Long-Term Assets	127.09	129.53	139.33	147.3	190.53	201.93
Total Assets	24,492	20,726	22,731	24,334	26,005	22,275
Accounts Payable	365.7	1,022	374.64	503.55	814.98	524.14
Accrued Expenses	88.88	91.41	200.76	119.47	68.6	296.43
Short-Term Debt	6,252	2,619	4,686	5,646	6,928	7,746
Current Portion of Long-Term Debt	219.89	223.86	-	900.75	1,171	440.99
Current Portion of Leases	-	-	157.25	143.13	140.31	134.1
Current Income Taxes Payable	402.83	331.26	135.95	216.05	540.55	465.64
Current Unearned Revenue	190.14	159.85	689.95	373.85	268.77	195.43
Other Current Liabilities	544.44	482.51	1,445	2,180	3,531	298.59
Total Current Liabilities	8,064	4,930	7,689	10,083	13,463	10,102
Long-Term Debt	-	-	-	200	200	900
Long-Term Leases	178.12	201.1	246.6	247.67	306.26	358.12
Long-Term Unearned Revenue	48.18	48.94	26.32	28.96	31.75	34.58
Long-Term Deferred Tax Liabilities	19	19	19.46	39.56	22.34	21.82
Other Long-Term Liabilities	2.55	2.6	-	-	-	-
Total Liabilities	8,312	5,201	7,982	10,599	14,023	11,416
Common Stock	523.12	523.12	523.12	523.12	523.12	523.12
Additional Paid-In Capital	462.37	466.86	467.49	467.49	467.41	467.41
Retained Earnings	12,748	12,201	11,518	10,587	9,137	8,195
Comprehensive Income & Other	-4.09	-4.89	-10.77	-4.01	0.8	5.69
Total Common Equity	13,729	13,186	12,498	11,574	10,128	9,191
Minority Interest	2,451	2,339	2,251	2,161	1,853	1,668
Shareholders' Equity	16,180	15,525	14,750	13,735	11,981	10,859
Total Liabilities & Equity	24,492	20,726	22,731	24,334	26,005	22,275
Total Debt	6,650	3,044	5,089	7,137	8,745	9,580
Net Cash (Debt)	4,549	7,247	3,307	2,477	-2,935	-2,179
Net Cash Growth	-34.59%	119.12%	33.49%	-	-	-
Net Cash Per Share	8.70	13.85	6.32	4.74	-5.61	-4.16
Filing Date Shares Outstanding	523.1	523.12	523.12	523.12	523.12	523.12
Total Common Shares Outstanding	523.1	523.12	523.12	523.12	523.12	523.12
Working Capital	15,163	14,536	13,826	12,964	11,284	10,909
Book Value Per Share	26.25	25.21	23.89	22.13	19.36	17.57
Tangible Book Value	13,644	13,100	12,449	11,521	10,072	9,133
Tangible Book Value Per Share	26.08	25.04	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.