FESCO 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	5,706	7,513	7,577	7,791	6,387	270.57
Short-Term Investments	104.17	103.35	10	153	155	-
Trading Asset Securities	2,579	1,031	106.19	154.53	40	-
Cash & Short-Term Investments	8,389	8,648	7,693	8,099	6,582	270.57
Cash Growth	-1.75%	12.41%	-5.00%	23.05%	2332.54%	-29.03%
Accounts Receivable	4,919	4,264	4,450	3,837	3,108	15.78
Other Receivables	2,689	2,432	2,651	2,994	3,318	7.23
Receivables	7,608	6,696	7,102	6,831	6,426	23.01
Inventory	4.36	4.36	8.27	2.87	38.6	503.35
Prepaid Expenses	-	-	-	-	0	0.02
Other Current Assets	465.68	325.55	248.63	172.63	132.76	22.49
Total Current Assets	16,468	15,674	15,052	15,106	13,179	819.44
Property, Plant & Equipment	175.16	200.54	291.06	355.21	2,114	1,317
Long-Term Investments	240.08	453.19	536.29	308.76	172.25	10.22
Goodwill	44.83	44.83	21.43	21.43	31.02	-
Other Intangible Assets	78.85	82.77	97.78	87.61	97.7	34.36
Long-Term Deferred Tax Assets	188.42	189.27	236.36	208.35	254.29	24.68
Long-Term Deferred Charges	23.31	28.69	48.29	56.57	221.17	198.95
Other Long-Term Assets	223.6	15.26	140.87	215.59	714.91	585.39
Total Assets	17,442	16,688	16,424	16,359	16,785	2,990
Accounts Payable	2,206	1,885	2,225	1,532	1,150	70.5
Accrued Expenses	159.72	420.09	445.92	420.46	491.31	63.19
Short-Term Debt	7	157	370	400	624.55	241.34
Current Portion of Leases	95.32	100.87	112.09	110.15	119.46	6.85
Current Income Taxes Payable	365.04	56.65	91	209.11	106.7	3.23
Current Unearned Revenue	490.5	353.65	454.63	280.14	263.71	136.23
Other Current Liabilities	5,278	5,302	5,209	6,438	7,206	109.17
Total Current Liabilities	8,601	8,276	8,908	9,390	9,961	630.5
Long-Term Leases	34.79	44.24	87.04	146.44	245.48	20.2
Long-Term Unearned Revenue	-	-	-	-	7.91	9.56
Long-Term Deferred Tax Liabilities	42.39	41.95	61.8	77.75	91.43	9.3
Other Long-Term Liabilities	5.6	5.55	6.63	9	26.7	7.16
Total Liabilities	8,684	8,367	9,063	9,623	10,333	676.72
Common Stock	566.11	566.11	566.11	566.11	316.8	316.8
Additional Paid-In Capital	1,584	1,584	1,584	1,584	1,607	791.29
Retained Earnings	5,419	5,157	4,382	3,865	3,317	1,090
Comprehensive Income & Other	0.8	0.8	-0.09	-0.54	-	-
Total Common Equity	7,570	7,308	6,533	6,015	5,241	2,198
Minority Interest	1,188	1,013	828.17	720.98	1,212	115.39
Shareholders' Equity	8,758	8,321	7,361	6,736	6,452	2,314
Total Liabilities & Equity	17,442	16,688	16,424	16,359	16,785	2,990
Total Debt	137.11	302.11	569.13	656.58	989.48	268.39
Net Cash (Debt)	8,252	8,346	7,124	7,442	5,592	2.18
Net Cash Growth	3.16%	17.15%	-4.27%	33.08%	256362.01%	40.04%
Net Cash Per Share	14.58	14.74	12.58	14.65	14.27	0.01
Filing Date Shares Outstanding	566.11	566.11	566.11	566.11	316.8	316.8
Total Common Shares Outstanding	566.11	566.11	566.11	566.11	316.8	316.8
Working Capital	7,867	7,398	6,144	5,715	3,218	188.93
Book Value Per Share	13.37	12.91	11.54	10.62	16.54	6.94
Tangible Book Value	7,447	7,180	6,413	5,906	5,112	2,164
Tangible Book Value Per Share	13.15	12.68	11.33	10.43	16.14	6.83
Buildings	-	137.83	137.83	137.83	2,701	2,096
Machinery	-	84.11	84.56	92.72	296.35	260.25
Construction In Progress	-	-	-	-	-	3.13