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 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	941.83	966.9	1,155	1,244	1,149	1,109
Trading Asset Securities	35.25	37.79	25.39	-	9	-
Cash & Short-Term Investments	977.09	1,005	1,180	1,244	1,158	1,109
Cash Growth	-17.01%	-14.87%	-5.11%	7.39%	4.46%	-5.27%
Accounts Receivable	59.86	58.43	66.63	75.88	93.58	142.64
Other Receivables	23.51	24.04	5.25	43.05	5.86	12.15
Receivables	83.37	82.47	71.88	118.93	99.43	154.8
Inventory	103.69	89.36	109.94	166.1	203.28	193.77
Other Current Assets	38.72	19.58	30.05	26.5	25.44	38.19
Total Current Assets	1,203	1,196	1,392	1,555	1,486	1,495
Property, Plant & Equipment	417.28	373.06	262.2	101.38	73.32	74.01
Long-Term Investments	458.52	459.17	403.61	429.95	492.68	379.18
Goodwill	-	-	-	-	11.7	22.78
Other Intangible Assets	77.22	77.72	80.61	82.3	85.19	84.54
Long-Term Deferred Tax Assets	5.37	5.58	5.58	6.66	5.3	7.74
Long-Term Deferred Charges	0.12	0.17	0.44	0.75	0.25	0.62
Other Long-Term Assets	18.12	9.82	1.95	4.13	7.13	24.14
Total Assets	2,179	2,122	2,146	2,180	2,162	2,088
Accounts Payable	100.3	102.67	103.14	84.33	97.4	95.83
Accrued Expenses	6.23	14.72	25.97	29.61	30.7	29.08
Current Portion of Long-Term Debt	1.67	1.65	-	-	-	-
Current Portion of Leases	-	-	0.91	2	2.03	3.32
Current Income Taxes Payable	11.66	12.15	0.07	5.69	1.43	2.51
Current Unearned Revenue	114.82	73.23	58.27	50.41	50.1	29.53
Other Current Liabilities	37.06	30.44	21.92	20.16	12.66	25.3
Total Current Liabilities	271.74	234.85	210.28	192.2	194.32	185.57
Long-Term Leases	2.03	2.46	-	0.91	2.86	0.24
Long-Term Unearned Revenue	1.3	1.37	1.69	2.1	2.71	3.31
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.01
Total Liabilities	275.06	238.68	211.97	195.22	199.89	189.13
Common Stock	225.2	225.2	225.2	225.2	225.2	226.68
Additional Paid-In Capital	800.79	800.79	801.41	804.7	804.93	816.56
Retained Earnings	899.41	877.95	929.16	950.18	913.95	854.72
Treasury Stock	-27	-27	-27	-1.41	-	-16.71
Comprehensive Income & Other	-10.22	-10.22	-10.31	-10.13	-10.08	-10.71
Total Common Equity	1,888	1,867	1,918	1,969	1,934	1,871
Minority Interest	16.25	16.2	15.99	16.68	27.95	28.74
Shareholders' Equity	1,904	1,883	1,934	1,985	1,962	1,899
Total Liabilities & Equity	2,179	2,122	2,146	2,180	2,162	2,088
Total Debt	3.7	4.11	0.91	2.91	4.89	3.56
Net Cash (Debt)	973.39	1,001	1,179	1,241	1,153	1,105
Net Cash Growth	-17.30%	-15.15%	-4.96%	7.60%	4.36%	-5.58%
Net Cash Per Share	4.39	4.50	5.42	5.49	5.06	4.96
Filing Date Shares Outstanding	214.61	262.21	222.8	225.11	225.2	198.82
Total Common Shares Outstanding	214.61	262.21	222.8	225.11	225.2	198.82
Working Capital	931.13	961.24	1,182	1,363	1,292	1,310
Book Value Per Share	8.80	7.12	8.61	8.74	8.59	9.41
Tangible Book Value	1,811	1,789	1,838	1,886	1,837	1,763
Tangible Book Value Per Share	8.44	6.82	8.25	8.38	8.16	8.87
Buildings	-	-	58.03	50.95	49.41	49.44
Machinery	-	-	164.59	156.57	147.3	149.46
Construction In Progress	350	303.48	188.57	30.53	3.58	1.46

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