GUILIN FUDA 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	343.64	322.32	215.69	151.55	220.21	477.33
Trading Asset Securities	-	-	-	0.1	0.11	0.18
Cash & Short-Term Investments	343.64	322.32	215.69	151.66	220.32	477.5
Cash Growth	23.68%	49.43%	42.22%	-31.16%	-53.86%	110.07%
Accounts Receivable	687.12	687.76	718.93	605.63	550.56	716.68
Other Receivables	8.82	10.76	4.02	2.07	7.18	6.42
Receivables	695.94	698.51	722.95	607.7	557.75	723.09
Inventory	488.45	460.39	339.6	326.75	330.25	371.59
Other Current Assets	195.35	145.63	94.17	61.72	33.95	29.86
Total Current Assets	1,723	1,627	1,372	1,148	1,142	1,602
Property, Plant & Equipment	2,651	2,620	2,113	1,810	1,736	1,801
Long-Term Investments	60.3	50.83	68.38	64.79	68.51	75.47
Other Intangible Assets	257.92	192.87	187.19	183.43	123.11	110.47
Long-Term Deferred Tax Assets	33.8	33.19	44.52	35.82	28.36	19.94
Other Long-Term Assets	171.67	168.03	303.35	190.28	146.68	67.52
Total Assets	4,898	4,692	4,089	3,433	3,245	3,676
Accounts Payable	831.23	842.96	649.93	324.59	296.41	434.69
Accrued Expenses	20.32	37.75	37.45	22.05	31.01	28.32
Short-Term Debt	561.47	499.13	523.13	523.57	388.23	394.63
Current Portion of Long-Term Debt	139.41	139.23	100	42.75	-	-
Current Portion of Leases	-	-	-	0.91	-	-
Current Income Taxes Payable	17.97	11.24	14.66	6.14	2.93	7.73
Current Unearned Revenue	2.14	1.09	3.67	1.35	1.06	1.77
Other Current Liabilities	12.84	13.25	18.5	52.48	1.61	1.67
Total Current Liabilities	1,585	1,545	1,347	973.84	721.25	868.81
Long-Term Debt	451.49	383.51	231.23	-	-	-
Long-Term Leases	-	-	-	3.86	-	-
Long-Term Unearned Revenue	112.29	89.91	103.87	111.75	119.89	138.42
Other Long-Term Liabilities	15.04	16.13	13.45	25.36	22.84	31.4
Total Liabilities	2,164	2,034	1,696	1,115	863.99	1,039
Common Stock	645.65	645.65	646.21	646.21	646.21	646.21
Additional Paid-In Capital	1,251	1,250	1,242	1,269	1,269	1,269
Retained Earnings	903.57	828.47	575.49	453.16	465.3	722.82
Treasury Stock	-66.3	-66.3	-71.39	-50.79	-	-
Comprehensive Income & Other	-	0.04	0.05	0.39	1.04	-
Shareholders' Equity	2,734	2,657	2,393	2,318	2,381	2,638
Total Liabilities & Equity	4,898	4,692	4,089	3,433	3,245	3,676
Total Debt	1,152	1,022	854.37	571.09	388.23	394.63
Net Cash (Debt)	-808.73	-699.55	-638.67	-419.43	-167.91	82.87
Net Cash Per Share	-1.29	-1.10	-1.00	-0.65	-0.26	0.14
Filing Date Shares Outstanding	625.87	636.13	636.69	638.21	646.21	646.21
Total Common Shares Outstanding	625.87	636.13	636.69	638.21	646.21	646.21
Working Capital	138.01	82.21	25.08	174	421.01	733.23
Book Value Per Share	4.37	4.18	3.76	3.63	3.69	4.08
Tangible Book Value	2,476	2,465	2,206	2,134	2,258	2,527
Tangible Book Value Per Share	3.96	3.87	3.46	3.34	3.49	3.91
Buildings	-	648.31	626.25	583.33	620.76	612.69
Machinery	-	3,372	2,989	2,551	2,452	2,399
Construction In Progress	-	495.78	285.53	326.97	219.84	205.18

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