GUILIN FUDA 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	232.71	215.69	151.55	220.21	477.33	227.17
Trading Asset Securities	-	-	0.1	0.11	0.18	0.14
Cash & Short-Term Investments	232.71	215.69	151.66	220.32	477.5	227.3
Cash Growth	16.13%	42.22%	-31.16%	-53.86%	110.07%	49.01%
Accounts Receivable	745.14	718.93	605.63	550.56	716.68	733.44
Other Receivables	5.33	4.02	2.07	7.18	6.42	1.46
Receivables	750.47	722.95	607.7	557.75	723.09	734.9
Inventory	451.01	339.6	326.75	330.25	371.59	407.6
Other Current Assets	128.48	94.17	61.72	33.95	29.86	50.77
Total Current Assets	1,563	1,372	1,148	1,142	1,602	1,421
Property, Plant & Equipment	2,530	2,113	1,810	1,736	1,801	1,723
Long-Term Investments	88.28	68.38	64.79	68.51	75.47	56.4
Other Intangible Assets	189.05	187.19	183.43	123.11	110.47	88.57
Long-Term Deferred Tax Assets	35.83	44.52	35.82	28.36	19.94	13.85
Other Long-Term Assets	249.41	303.35	190.28	146.68	67.52	87.62
Total Assets	4,656	4,089	3,433	3,245	3,676	3,390
Accounts Payable	838.05	649.93	324.59	296.41	434.69	428.21
Accrued Expenses	21	37.45	22.05	31.01	28.32	34.4
Short-Term Debt	582.11	523.13	523.57	388.23	394.63	487.11
Current Portion of Long-Term Debt	99.88	100	42.75	-	-	-
Current Portion of Leases	-	-	0.91	-	-	-
Current Income Taxes Payable	15.91	14.66	6.14	2.93	7.73	5.43
Current Unearned Revenue	3.89	3.67	1.35	1.06	1.77	0.96
Other Current Liabilities	16.7	18.5	52.48	1.61	1.67	1.77
Total Current Liabilities	1,578	1,347	973.84	721.25	868.81	957.88
Long-Term Debt	412.21	231.23	-	-	-	-
Long-Term Leases	-	-	3.86	-	-	-
Long-Term Unearned Revenue	93.04	103.87	111.75	119.89	138.42	150.78
Other Long-Term Liabilities	15.58	13.45	25.36	22.84	31.4	16.16
Total Liabilities	2,098	1,696	1,115	863.99	1,039	1,125
Common Stock	646.21	646.21	646.21	646.21	646.21	592.02
Additional Paid-In Capital	1,249	1,242	1,269	1,269	1,269	1,040
Retained Earnings	733.29	575.49	453.16	465.3	722.82	632.89
Treasury Stock	-71.39	-71.39	-50.79	-	-	-
Comprehensive Income & Other	0.08	0.05	0.39	1.04	-	-
Shareholders' Equity	2,557	2,393	2,318	2,381	2,638	2,265
Total Liabilities & Equity	4,656	4,089	3,433	3,245	3,676	3,390
Total Debt	1,094	854.37	571.09	388.23	394.63	487.11
Net Cash (Debt)	-861.5	-638.67	-419.43	-167.91	82.87	-259.81
Net Cash Per Share	-1.32	-1.00	-0.65	-0.26	0.14	-0.44
Filing Date Shares Outstanding	636.69	636.69	638.21	646.21	646.21	592.02
Total Common Shares Outstanding	636.69	636.69	638.21	646.21	646.21	592.02
Working Capital	-14.88	25.08	174	421.01	733.23	462.69
Book Value Per Share	4.02	3.76	3.63	3.69	4.08	3.83
Tangible Book Value	2,368	2,206	2,134	2,258	2,527	2,176
Tangible Book Value Per Share	3.72	3.46	3.34	3.49	3.91	3.68
Buildings	-	626.25	583.33	620.76	612.69	566.34
Machinery	-	2,989	2,551	2,452	2,399	2,303
Construction In Progress	-	285.53	326.97	219.84	205.18	144.75

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.