FESCO 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	7,098	7,577	7,791	6,387	270.57	381.26
Short-Term Investments	-	10	153	155	-	-
Trading Asset Securities	1,198	106.19	154.53	40	-	-
Cash & Short-Term Investments	8,296	7,693	8,099	6,582	270.57	381.26
Cash Growth	12.22%	-5.00%	23.05%	2332.54%	-29.03%	-0.93%
Accounts Receivable	4,292	4,450	3,837	3,108	15.78	10.77
Other Receivables	2,379	2,651	2,994	3,318	7.23	12.03
Receivables	6,671	7,102	6,831	6,426	23.01	22.8
Inventory	9.16	8.27	2.87	38.6	503.35	530.75
Prepaid Expenses	-	-	-	0	0.02	0.01
Other Current Assets	275.03	248.63	172.63	132.76	22.49	35.48
Total Current Assets	15,251	15,052	15,106	13,179	819.44	970.29
Property, Plant & Equipment	220.72	291.06	355.21	2,114	1,317	1,359
Long-Term Investments	239.01	536.29	308.76	172.25	10.22	11.57
Goodwill	21.43	21.43	21.43	31.02	-	-
Other Intangible Assets	86.02	97.78	87.61	97.7	34.36	36.8
Long-Term Deferred Tax Assets	175.25	236.36	208.35	254.29	24.68	21.06
Long-Term Deferred Charges	34.02	48.29	56.57	221.17	198.95	234.9
Other Long-Term Assets	316.58	140.87	215.59	714.91	585.39	612.26
Total Assets	16,344	16,424	16,359	16,785	2,990	3,246
Accounts Payable	1,895	2,225	1,532	1,150	70.5	81.72
Accrued Expenses	139.71	445.92	420.46	491.31	63.19	64.51
Short-Term Debt	150	370	400	624.55	241.34	379.7
Current Portion of Leases	129.1	112.09	110.15	119.46	6.85	-
Current Income Taxes Payable	356.27	91	209.11	106.7	3.23	2.19
Current Unearned Revenue	381.9	454.63	280.14	263.71	136.23	147.69
Other Current Liabilities	5,018	5,209	6,438	7,206	109.17	161.1
Total Current Liabilities	8,070	8,908	9,390	9,961	630.5	836.92
Long-Term Leases	29.67	87.04	146.44	245.48	20.2	-
Long-Term Unearned Revenue	-	-	-	7.91	9.56	11.21
Long-Term Deferred Tax Liabilities	52.57	61.8	77.75	91.43	9.3	11.82
Other Long-Term Liabilities	4.58	6.63	9	26.7	7.16	9.49
Total Liabilities	8,157	9,063	9,623	10,333	676.72	869.45
Common Stock	566.11	566.11	566.11	316.8	316.8	316.8
Additional Paid-In Capital	1,550	1,584	1,584	1,607	791.29	790.16
Retained Earnings	5,028	4,382	3,865	3,317	1,090	1,154
Comprehensive Income & Other	-0.09	-0.09	-0.54	-	-	-
Total Common Equity	7,144	6,533	6,015	5,241	2,198	2,261
Minority Interest	1,043	828.17	720.98	1,212	115.39	115.47
Shareholders' Equity	8,187	7,361	6,736	6,452	2,314	2,376
Total Liabilities & Equity	16,344	16,424	16,359	16,785	2,990	3,246
Total Debt	308.77	569.13	656.58	989.48	268.39	379.7
Net Cash (Debt)	7,988	7,124	7,442	5,592	2.18	1.56
Net Cash Growth	16.87%	-4.27%	33.08%	256362.01%	40.04%	-
Net Cash Per Share	14.11	12.58	14.65	14.27	0.01	0.00
Filing Date Shares Outstanding	566.11	566.11	566.11	316.8	316.8	316.8
Total Common Shares Outstanding	566.11	566.11	566.11	316.8	316.8	316.8
Working Capital	7,181	6,144	5,715	3,218	188.93	133.37
Book Value Per Share	12.62	11.54	10.62	16.54	6.94	7.14
Tangible Book Value	7,036	6,413	5,906	5,112	2,164	2,224
Tangible Book Value Per Share	12.43	11.33	10.43	16.14	6.83	7.02
Buildings	-	137.83	137.83	2,701	2,096	2,096
Machinery	-	84.56	92.72	296.35	260.25	269.89
Construction In Progress	-	-	-	-	3.13	0.22

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