Lafang China Co.,Ltd 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	1,010	1,155	1,244	1,149	1,109	1,145
Trading Asset Securities	39.39	25.39	-	9	-	25.08
Cash & Short-Term Investments	1,050	1,180	1,244	1,158	1,109	1,170
Cash Growth	-15.19%	-5.11%	7.39%	4.46%	-5.27%	1.21%
Accounts Receivable	66.33	66.63	75.88	93.58	142.64	112.72
Other Receivables	9.41	5.25	43.05	5.86	12.15	13.43
Receivables	75.74	71.88	118.93	99.43	154.8	126.15
Inventory	101.01	109.94	166.1	203.28	193.77	211.35
Other Current Assets	40.7	30.05	26.5	25.44	38.19	23.81
Total Current Assets	1,267	1,392	1,555	1,486	1,495	1,532
Property, Plant & Equipment	345.21	262.2	101.38	73.32	74.01	72.84
Long-Term Investments	471.4	403.61	429.95	492.68	379.18	310.55
Goodwill	-	-	-	11.7	22.78	25.81
Other Intangible Assets	78.39	80.61	82.3	85.19	84.54	86.58
Long-Term Deferred Tax Assets	4.49	5.58	6.66	5.3	7.74	6.93
Long-Term Deferred Charges	0.23	0.44	0.75	0.25	0.62	2.07
Other Long-Term Assets	6.88	1.95	4.13	7.13	24.14	3.64
Total Assets	2,174	2,146	2,180	2,162	2,088	2,040
Accounts Payable	119.15	103.14	84.33	97.4	95.83	90.16
Accrued Expenses	17.72	25.97	29.61	30.7	29.08	35.25
Current Portion of Leases	1.04	0.91	2	2.03	3.32	-
Current Income Taxes Payable	2.34	0.07	5.69	1.43	2.51	3.46
Current Unearned Revenue	82.6	58.27	50.41	50.1	29.53	39.06
Other Current Liabilities	19.44	21.92	20.16	12.66	25.3	9.44
Total Current Liabilities	242.3	210.28	192.2	194.32	185.57	177.37
Long-Term Leases	3.46	-	0.91	2.86	0.24	-
Long-Term Unearned Revenue	1.45	1.69	2.1	2.71	3.31	2.84
Long-Term Deferred Tax Liabilities	0.22	-	-	-	0.01	0.02
Total Liabilities	247.44	211.97	195.22	199.89	189.13	180.23
Common Stock	225.2	225.2	225.2	225.2	226.68	226.72
Additional Paid-In Capital	800.8	801.41	804.7	804.93	816.56	810.36
Retained Earnings	921.66	929.16	950.18	913.95	854.72	805.92
Treasury Stock	-27	-27	-1.41	-	-16.71	-9.08
Comprehensive Income & Other	-10.31	-10.31	-10.13	-10.08	-10.71	-10.53
Total Common Equity	1,910	1,918	1,969	1,934	1,871	1,823
Minority Interest	16.14	15.99	16.68	27.95	28.74	36.48
Shareholders' Equity	1,926	1,934	1,985	1,962	1,899	1,860
Total Liabilities & Equity	2,174	2,146	2,180	2,162	2,088	2,040
Total Debt	4.51	0.91	2.91	4.89	3.56	-
Net Cash (Debt)	1,045	1,179	1,241	1,153	1,105	1,170
Net Cash Growth	-15.45%	-4.96%	7.60%	4.36%	-5.58%	1.21%
Net Cash Per Share	5.13	5.42	5.49	5.06	4.96	5.20
Filing Date Shares Outstanding	222.8	222.8	225.11	225.2	198.82	226.12
Total Common Shares Outstanding	222.8	222.8	225.11	225.2	198.82	226.12
Working Capital	1,025	1,182	1,363	1,292	1,310	1,354
Book Value Per Share	8.57	8.61	8.74	8.59	9.41	8.06
Tangible Book Value	1,832	1,838	1,886	1,837	1,763	1,711
Tangible Book Value Per Share	8.22	8.25	8.38	8.16	8.87	7.57
Buildings	-	58.03	50.95	49.41	49.44	49.44
Machinery	-	164.59	156.57	147.3	149.46	141.31
Construction In Progress	-	188.57	30.53	3.58	1.46	1.63

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