Friend Co.,Ltd. (SHA:605050)

Friend Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,184	1,278	959.08	1,896	1,233	919.95
Short-Term Investments	-	-	-	-	-	99.25
Trading Asset Securities	-	-	-	-	-	271
Cash & Short-Term Investments	1,184	1,278	959.08	1,896	1,233	1,290
Cash Growth	6.04%	33.29%	-49.41%	53.78%	-4.45%	67.42%
Accounts Receivable	2,512	3,089	2,613	2,239	2,001	1,806
Other Receivables	1.83	2.44	1.13	1.47	1.17	3.92
Receivables	2,513	3,091	2,614	2,240	2,002	1,810
Inventory	2,064	1,483	1,263	1,219	1,405	851.12
Other Current Assets	1,598	1,236	946.48	679	1,231	936.81
Total Current Assets	7,359	7,089	5,783	6,034	5,871	4,888
Property, Plant & Equipment	1,452	1,254	972.61	643.55	447.68	435.54
Long-Term Investments	22.5	7.5	1	-	-	-
Goodwill	8.84	8.84	8.84	-	-	-
Other Intangible Assets	240.41	240.68	137.65	141.16	130.74	100.99
Long-Term Deferred Tax Assets	47.64	38.25	30.46	25.18	21.21	11.09
Long-Term Deferred Charges	-	-	0.35	-	-	-
Other Long-Term Assets	5.16	66.87	13.14	50.98	27.32	11.27
Total Assets	9,136	8,705	6,947	6,895	6,498	5,447
Accounts Payable	2,038	2,561	1,749	2,060	2,775	2,177
Accrued Expenses	11.35	45.09	38.67	40.66	13.2	15.33
Short-Term Debt	1,864	1,222	427.37	483.62	206.39	70
Current Portion of Leases	21.39	0.6	1.34	0.17	0.86	-
Current Income Taxes Payable	51.43	43.3	42.68	35.68	55.4	40.96
Current Unearned Revenue	318.4	229.16	259.6	164.64	153.14	127.94
Other Current Liabilities	41.39	53.39	43.39	25.39	21.48	21.67
Total Current Liabilities	4,346	4,155	2,562	2,810	3,226	2,453
Long-Term Debt	216.02	51.42	9.91	9.91	-	-
Long-Term Leases	13.35	16.2	17.75	17.54	16.6	-
Long-Term Unearned Revenue	12.84	2.01	3.28	4.55	5.82	4.11
Long-Term Deferred Tax Liabilities	3.72	4.07	3.46	3.45	3.67	-
Total Liabilities	4,592	4,228	2,596	2,846	3,252	2,457
Common Stock	492.83	492.83	492.83	492.83	435	435
Additional Paid-In Capital	1,985	1,985	1,985	1,980	1,393	1,393
Retained Earnings	1,909	1,838	1,733	1,464	1,315	1,072
Total Common Equity	4,355	4,315	4,210	3,936	3,144	2,901
Minority Interest	189.79	161.44	140.02	113.26	102.4	89.56
Shareholders' Equity	4,545	4,477	4,350	4,050	3,246	2,990
Total Liabilities & Equity	9,136	8,705	6,947	6,895	6,498	5,447
Total Debt	2,115	1,290	456.37	511.24	223.86	70
Net Cash (Debt)	-931.07	-11.74	502.72	1,385	1,009	1,220
Net Cash Growth	-	-	-63.69%	37.23%	-17.32%	141.88%
Net Cash Per Share	-1.87	-0.02	1.02	3.18	2.32	3.22
Filing Date Shares Outstanding	500.82	491.84	492.83	492.83	435	435
Total Common Shares Outstanding	500.82	492.83	492.83	492.83	435	435
Working Capital	3,013	2,934	3,221	3,224	2,645	2,435
Book Value Per Share	8.70	8.76	8.54	7.99	7.23	6.67
Tangible Book Value	4,105	4,066	4,064	3,795	3,013	2,800
Tangible Book Value Per Share	8.20	8.25	8.25	7.70	6.93	6.44
Buildings	-	661.3	390.76	296.59	310.86	295.83
Machinery	-	810.39	465.34	375.92	356.76	342.64
Construction In Progress	-	166.29	442.24	253.26	19.76	6.28

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