FULONGMA 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	614.21	864.48	673.47	931.48	608.24	823.9
Trading Asset Securities	418.39	232.16	151.38	-	-	-
Cash & Short-Term Investments	1,033	1,097	824.85	931.48	608.24	823.9
Cash Growth	30.87%	32.95%	-11.45%	53.14%	-26.18%	-42.82%
Accounts Receivable	3,814	3,696	3,234	2,749	2,669	2,160
Other Receivables	68.46	69.38	310.84	376.43	426.38	114.16
Receivables	3,882	3,765	3,545	3,125	3,095	2,274
Inventory	311.8	272.92	300.47	350.59	358.67	410.81
Other Current Assets	282.36	233.1	87.74	91.49	74.95	97.48
Total Current Assets	5,509	5,368	4,758	4,499	4,137	3,607
Property, Plant & Equipment	701.13	721.79	802.11	875.01	919.61	933.89
Long-Term Investments	1.2	1.2	11.36	10	10.17	26.56
Other Intangible Assets	845.6	860.71	894.72	504.19	554.01	503.01
Long-Term Accounts Receivable	-	-	107.66	83.19	65.76	381.27
Long-Term Deferred Tax Assets	124.53	114.79	102.23	79.71	77.27	63.53
Long-Term Deferred Charges	47.42	51.4	63.09	68.22	71.02	65.95
Other Long-Term Assets	39.85	47.1	1.42	1.66	7.77	7.69
Total Assets	7,269	7,165	6,741	6,121	5,843	5,588
Accounts Payable	1,683	1,610	1,335	1,311	1,063	1,247
Accrued Expenses	218.99	277.23	343.54	378.97	345.14	304.01
Short-Term Debt	382.25	358.48	200.14	58.01	118.11	67
Current Portion of Long-Term Debt	137.17	72.24	92.01	8	20.3	13.69
Current Portion of Leases	-	-	14.04	16.69	17.94	21.54
Current Income Taxes Payable	77.43	67.53	44.48	43.67	40.58	33
Current Unearned Revenue	74.25	100.92	14.14	28.57	44.81	22.49
Other Current Liabilities	399.73	397.62	443.77	367.33	425.04	327.19
Total Current Liabilities	2,973	2,884	2,487	2,212	2,075	2,036
Long-Term Debt	282.14	361.31	460.44	156.84	192.6	165.18
Long-Term Leases	22.56	18.8	24.25	27.34	27.42	27.91
Long-Term Unearned Revenue	69.59	63.55	29.67	26.43	27.26	30.21
Long-Term Deferred Tax Liabilities	11.15	7.92	10.87	3.14	1.34	-
Other Long-Term Liabilities	-	-	-	13.51	16.04	19.05
Total Liabilities	3,358	3,335	3,012	2,439	2,339	2,279
Common Stock	415.43	415.43	415.43	415.66	415.66	415.66
Additional Paid-In Capital	833.25	833.55	833.55	856.19	847.2	848.48
Retained Earnings	2,236	2,171	2,081	2,040	1,911	1,755
Treasury Stock	-	-	-	-3.98	-3.98	-6.97
Comprehensive Income & Other	15.7	15.15	12.71	10.31	8.88	5.57
Total Common Equity	3,501	3,435	3,343	3,318	3,179	3,018
Minority Interest	409.45	394.83	385.32	363.67	324.33	291.66
Shareholders' Equity	3,910	3,830	3,728	3,682	3,503	3,310
Total Liabilities & Equity	7,269	7,165	6,741	6,121	5,843	5,588
Total Debt	824.11	810.83	790.88	266.88	376.36	295.31
Net Cash (Debt)	208.49	285.81	33.97	664.6	231.87	528.59
Net Cash Growth	1030.08%	741.38%	-94.89%	186.62%	-56.13%	-55.88%
Net Cash Per Share	0.50	0.68	0.08	1.60	0.55	1.27
Filing Date Shares Outstanding	415.34	418.95	415.43	415.43	415.43	410.64
Total Common Shares Outstanding	415.34	418.95	415.43	415.43	415.43	410.64
Working Capital	2,536	2,485	2,271	2,287	2,062	1,570
Book Value Per Share	8.43	8.20	8.05	7.99	7.65	7.35
Tangible Book Value	2,655	2,574	2,448	2,814	2,625	2,515
Tangible Book Value Per Share	6.39	6.14	5.89	6.77	6.32	6.12
Buildings	-	-	457.26	448.75	445.74	422.72
Machinery	-	-	1,064	1,012	957.96	873.18
Construction In Progress	-	-	3.87	24.32	4.75	8.06

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