Freewon China Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	453.3	382.49	498.46	160.49	308.88
Trading Asset Securities	31.37	102.73	443.83	81.69	164.89
Cash & Short-Term Investments	484.67	485.22	942.3	242.18	473.77
Cash Growth	-0.11%	-48.51%	289.08%	-48.88%	-32.68%
Accounts Receivable	948.57	597.63	513.31	441.37	350.54
Other Receivables	1.99	2.32	3.01	3.69	1.78
Receivables	950.57	599.95	516.32	445.06	352.32
Inventory	478.76	409.51	251.89	225.99	194.93
Other Current Assets	100.24	74.47	22.41	13.19	5.25
Total Current Assets	2,014	1,569	1,733	926.43	1,026
Property, Plant & Equipment	1,841	1,639	1,358	1,178	702.55
Long-Term Investments	1.45	-	-	-	-
Goodwill	12.3	21.62	27.71	27.71	27.71
Other Intangible Assets	79.2	65.2	53.26	55.74	22.87
Long-Term Deferred Tax Assets	123.71	94.39	66.4	70.82	12.73
Long-Term Deferred Charges	169.19	154.82	80.31	30.52	11.91
Other Long-Term Assets	30.72	30.15	15.67	9.3	32.24
Total Assets	4,271	3,574	3,334	2,299	1,836
Accounts Payable	817.08	541.6	489.02	454.59	276.81
Accrued Expenses	55.34	33.67	23.49	21.12	17.7
Short-Term Debt	489.2	330.04	263.1	165.73	65.92
Current Portion of Long-Term Debt	64.59	86.49	43.45	5.05	-
Current Portion of Leases	-	1.69	-	1.04	-
Current Income Taxes Payable	3.88	0.53	2.02	-	-
Current Unearned Revenue	2.35	1.81	0.33	0.15	0.09
Other Current Liabilities	135.1	42.15	20.11	36.19	21.42
Total Current Liabilities	1,568	1,038	841.53	683.88	381.94
Long-Term Debt	525.38	796.4	772.1	46.26	-
Long-Term Leases	0.32	1.34	-	0.53	-
Long-Term Unearned Revenue	17.32	14.95	9	0.21	0.99
Long-Term Deferred Tax Liabilities	136.87	114.69	93.66	97.43	52.51
Other Long-Term Liabilities	103	-	-	-	-
Total Liabilities	2,350	1,965	1,716	828.31	435.45
Common Stock	260.2	243.16	174.26	173.35	173.35
Additional Paid-In Capital	1,066	814.28	885.02	889.54	879.86
Retained Earnings	514.4	485.12	482.27	445.18	334.64
Treasury Stock	-	-37.48	-37.48	-37.48	-
Comprehensive Income & Other	26.29	44.42	44.42	-	-
Total Common Equity	1,867	1,550	1,548	1,471	1,388
Minority Interest	53.68	59.19	69.5	-	13.01
Shareholders' Equity	1,921	1,609	1,618	1,471	1,401
Total Liabilities & Equity	4,271	3,574	3,334	2,299	1,836
Total Debt	1,079	1,216	1,079	218.62	65.92
Net Cash (Debt)	-594.81	-730.74	-136.36	23.57	407.85
Net Cash Growth	-	-	-	-94.22%	-37.12%
Net Cash Per Share	-2.26	-3.03	-0.56	0.10	1.67
Filing Date Shares Outstanding	260.2	241.16	241.16	239.89	242.69
Total Common Shares Outstanding	260.2	241.16	241.16	239.89	242.69
Working Capital	446.71	531.16	891.38	242.55	644.33
Book Value Per Share	7.18	6.43	6.42	6.13	5.72
Tangible Book Value	1,776	1,463	1,468	1,387	1,337
Tangible Book Value Per Share	6.82	6.07	6.09	5.78	5.51
Buildings	-	583.4	375.37	276.12	270.91
Machinery	-	1,301	1,054	988.87	554.86
Construction In Progress	-	228.96	285.49	178.29	78.74

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