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 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	188.05	191.6	121.82	16.8	14.25	6.74
Trading Asset Securities	63.97	115.18	53.89	17.26	11.97	25.33
Cash & Short-Term Investments	252.02	306.78	175.71	34.05	26.22	32.07
Cash Growth	14.68%	74.60%	415.96%	29.87%	-18.24%	-94.57%
Accounts Receivable	177.7	153.25	201.31	101.69	65.74	75.55
Other Receivables	5.93	5.59	2.56	0.92	0.92	1.1
Receivables	183.63	158.85	203.87	102.61	66.66	76.64
Inventory	96.32	82	74.63	26.67	27.91	26.63
Other Current Assets	36.47	33.01	213.65	500.68	1.68	2.68
Total Current Assets	568.44	580.64	667.85	664.02	122.48	138.02
Property, Plant & Equipment	209.27	194.84	164.49	38.51	41.61	52.95
Long-Term Investments	-	-	285.42	-	513.38	507.03
Goodwill	-	-	1.82	4.44	4.44	4.44
Other Intangible Assets	77.7	78.7	82.3	4.8	4.94	5.16
Long-Term Deferred Tax Assets	-	-	2.64	0.5	0.54	0.1
Long-Term Deferred Charges	8.96	7.94	9.79	10.6	11.39	12.01
Other Long-Term Assets	448.99	448.3	2.37	1.6	0.68	0.07
Total Assets	1,313	1,310	1,217	724.48	699.46	719.77
Accounts Payable	392.28	388.62	298.17	26.55	12.2	15.94
Accrued Expenses	14.46	21.95	24.58	10.56	11.36	14.64
Short-Term Debt	-	-	10.46	10	5.6	9.2
Current Portion of Long-Term Debt	6.66	6.66	-	-	-	-
Current Portion of Leases	-	-	1.21	2.12	1.53	3.5
Current Income Taxes Payable	1.38	0.21	0.3	-	-	0.95
Current Unearned Revenue	28.35	21.34	18.35	4.5	1.5	0.39
Other Current Liabilities	35.7	26.51	29.73	20.26	23.13	18.17
Total Current Liabilities	478.83	465.28	382.8	73.99	55.32	62.8
Long-Term Leases	25.48	25.2	0.53	1.53	2.66	6.7
Long-Term Unearned Revenue	8.51	8.51	-	-	-	-
Pension & Post-Retirement Benefits	-	-	-	-	-	14.32
Long-Term Deferred Tax Liabilities	10.3	12.23	19.36	7.18	4.56	1.7
Total Liabilities	523.13	511.22	402.69	82.7	62.54	85.51
Common Stock	225.62	225.62	188.02	188.02	188.02	188.02
Additional Paid-In Capital	493.48	493.48	530.38	447.93	447.93	436
Retained Earnings	0.54	4.72	10.48	2.32	-1.92	6.14
Comprehensive Income & Other	1.95	1.82	-	-	-	-
Total Common Equity	721.59	725.65	728.88	638.27	634.03	630.16
Minority Interest	68.64	73.54	85.11	3.51	2.89	4.1
Shareholders' Equity	790.24	799.19	813.99	641.78	636.92	634.26
Total Liabilities & Equity	1,313	1,310	1,217	724.48	699.46	719.77
Total Debt	32.14	31.86	12.2	13.65	9.79	19.41
Net Cash (Debt)	219.88	274.92	163.51	20.41	16.43	12.67
Net Cash Growth	3.18%	68.14%	701.30%	24.16%	29.75%	-97.85%
Net Cash Per Share	1.04	1.23	0.78	0.09	0.07	0.06
Filing Date Shares Outstanding	209	226.41	225.62	225.62	225.62	225.62
Total Common Shares Outstanding	209	226.41	225.62	225.62	225.62	225.62
Working Capital	89.61	115.36	285.05	590.03	67.16	75.22
Book Value Per Share	3.45	3.21	3.23	2.83	2.81	2.79
Tangible Book Value	643.89	646.95	644.76	629.02	624.65	620.57
Tangible Book Value Per Share	3.08	2.86	2.86	2.79	2.77	2.75
Buildings	-	-	178.95	58.01	64.17	64.17
Machinery	-	-	128.82	51.29	54.07	54.61
Construction In Progress	-	-	5.17	-	0.61	0.59

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