Chongqing Fenghwa Group 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	136.87	121.82	16.8	14.25	6.74	18.33
Trading Asset Securities	129.61	53.89	17.26	11.97	25.33	571.84
Cash & Short-Term Investments	266.47	175.71	34.05	26.22	32.07	590.17
Cash Growth	537.09%	415.96%	29.87%	-18.24%	-94.57%	0.42%
Accounts Receivable	197.01	201.31	101.69	65.74	75.55	24.43
Other Receivables	2.3	2.56	0.92	0.92	1.1	0.86
Receivables	199.32	203.87	102.61	66.66	76.64	25.29
Inventory	47.49	74.63	26.67	27.91	26.63	8.5
Other Current Assets	25.36	213.65	500.68	1.68	2.68	0.04
Total Current Assets	538.63	667.85	664.02	122.48	138.02	624
Property, Plant & Equipment	152.84	164.49	38.51	41.61	52.95	39.39
Long-Term Investments	1.25	285.42	-	513.38	507.03	-
Goodwill	-	1.82	4.44	4.44	4.44	-
Other Intangible Assets	79.72	82.3	4.8	4.94	5.16	4.71
Long-Term Deferred Tax Assets	0.01	2.64	0.5	0.54	0.1	-
Long-Term Deferred Charges	10.19	9.79	10.6	11.39	12.01	7.65
Other Long-Term Assets	443.53	2.37	1.6	0.68	0.07	0.95
Total Assets	1,226	1,217	724.48	699.46	719.77	676.7
Accounts Payable	341.47	298.17	26.55	12.2	15.94	7.78
Accrued Expenses	14.93	24.58	10.56	11.36	14.64	3.64
Short-Term Debt	-	10.46	10	5.6	9.2	-
Current Portion of Leases	1.2	1.21	2.12	1.53	3.5	-
Current Income Taxes Payable	2.04	0.3	-	-	0.95	0.92
Current Unearned Revenue	14.45	18.35	4.5	1.5	0.39	0.05
Other Current Liabilities	17.17	29.73	20.26	23.13	18.17	14.43
Total Current Liabilities	391.26	382.8	73.99	55.32	62.8	26.81
Long-Term Leases	0.37	0.53	1.53	2.66	6.7	-
Pension & Post-Retirement Benefits	-	-	-	-	14.32	14.55
Long-Term Deferred Tax Liabilities	17.25	19.36	7.18	4.56	1.7	1.23
Total Liabilities	408.88	402.69	82.7	62.54	85.51	42.6
Common Stock	225.62	188.02	188.02	188.02	188.02	188.02
Additional Paid-In Capital	492.78	530.38	447.93	447.93	436	436
Retained Earnings	14.99	10.48	2.32	-1.92	6.14	8.79
Comprehensive Income & Other	1.69	-	-	-	-	-
Total Common Equity	735.09	728.88	638.27	634.03	630.16	632.82
Minority Interest	82.2	85.11	3.51	2.89	4.1	1.28
Shareholders' Equity	817.29	813.99	641.78	636.92	634.26	634.1
Total Liabilities & Equity	1,226	1,217	724.48	699.46	719.77	676.7
Total Debt	1.57	12.2	13.65	9.79	19.41	-
Net Cash (Debt)	264.9	163.51	20.41	16.43	12.67	590.17
Net Cash Growth	712.00%	701.30%	24.16%	29.75%	-97.85%	0.42%
Net Cash Per Share	1.12	0.78	0.09	0.07	0.06	2.70
Filing Date Shares Outstanding	225.62	225.62	225.62	225.62	225.62	225.62
Total Common Shares Outstanding	225.62	225.62	225.62	225.62	225.62	225.62
Working Capital	147.37	285.05	590.03	67.16	75.22	597.19
Book Value Per Share	3.26	3.23	2.83	2.81	2.79	2.80
Tangible Book Value	655.37	644.76	629.02	624.65	620.57	628.11
Tangible Book Value Per Share	2.90	2.86	2.79	2.77	2.75	2.78
Buildings	-	178.95	58.01	64.17	64.17	64.17
Machinery	-	128.82	51.29	54.07	54.61	43.29
Construction In Progress	-	5.17	-	0.61	0.59	2.16

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