Rongfeng Holding Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	9.94	53.8	47.59	13.61	480.76	66.55
Trading Asset Securities	19.33	19.33	19.33	19.33	-	-
Cash & Short-Term Investments	29.27	73.12	66.92	32.94	480.76	66.55
Cash Growth	-0.63%	9.27%	103.18%	-93.15%	622.36%	-76.94%
Accounts Receivable	68.92	5.08	16.58	9.46	900.45	22.44
Other Receivables	7.03	6.69	68.38	208.59	190.07	34.85
Receivables	75.95	11.76	84.96	218.05	1,091	57.29
Inventory	475.08	581.59	940.82	1,154	1,549	1,766
Prepaid Expenses	-	-	-	-	2.02	2.04
Other Current Assets	4.08	2.83	2.35	3.76	76.75	495.94
Total Current Assets	584.38	669.3	1,095	1,409	3,199	2,388
Property, Plant & Equipment	1.7	2.77	1.84	3.08	23.68	2.43
Long-Term Investments	-	-	-	279.01	-	-
Other Intangible Assets	0.07	0.08	-	-	1.69	0.1
Long-Term Deferred Tax Assets	43.23	43.23	43.41	45.49	82.66	39.46
Long-Term Deferred Charges	-	-	-	-	2.85	-
Other Long-Term Assets	654.46	662.27	711.16	591.43	536.5	189.5
Total Assets	1,284	1,378	1,851	2,328	3,846	2,619
Accounts Payable	108.78	133.16	186.16	223.25	747.68	793.72
Accrued Expenses	3.35	116.43	155.75	151.41	152.35	135.14
Short-Term Debt	7.64	17.66	179.24	375.49	577.98	351.21
Current Portion of Long-Term Debt	23.38	6.86	-	-	1	-
Current Portion of Leases	-	1.52	0.27	1.02	4.98	-
Current Income Taxes Payable	178.29	81.09	86.73	102.42	139.77	42.12
Current Unearned Revenue	-	11.43	-	0.04	95.22	41.54
Other Current Liabilities	98.23	95.55	141.52	160.73	247.29	213.62
Total Current Liabilities	419.67	463.7	749.68	1,014	1,966	1,577
Long-Term Debt	148.46	170.46	-	-	8.01	-
Long-Term Leases	-	-	0.12	0.32	12.55	-
Long-Term Deferred Tax Liabilities	0.13	0.13	0.13	-	-	-
Total Liabilities	568.27	634.29	749.93	1,015	1,987	1,577
Common Stock	146.84	146.84	146.84	146.84	146.84	146.84
Additional Paid-In Capital	89.89	89.89	89.89	156.95	80.47	80.47
Retained Earnings	469.64	497.04	864.82	914.45	952.38	716.79
Total Common Equity	706.37	733.77	1,102	1,218	1,180	944.09
Minority Interest	9.2	9.58	-	94.81	679.99	97.8
Shareholders' Equity	715.57	743.35	1,102	1,313	1,860	1,042
Total Liabilities & Equity	1,284	1,378	1,851	2,328	3,846	2,619
Total Debt	179.48	196.51	179.63	376.84	604.51	351.21
Net Cash (Debt)	-150.21	-123.38	-112.71	-343.9	-123.75	-284.65
Net Cash Per Share	-1.05	-0.84	-0.77	-2.36	-0.80	-1.96
Filing Date Shares Outstanding	146.84	146.84	146.84	146.84	146.84	146.84
Total Common Shares Outstanding	146.84	146.84	146.84	146.84	146.84	146.84
Working Capital	164.71	205.6	345.37	394.37	1,233	810.4
Book Value Per Share	4.81	5.00	7.50	8.30	8.03	6.43
Tangible Book Value	706.3	733.69	1,102	1,218	1,178	943.99
Tangible Book Value Per Share	4.81	5.00	7.50	8.30	8.02	6.43
Buildings	-	3.66	3.66	3.66	3.66	3.66
Machinery	-	3.18	3.18	3.18	9.48	3.18

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.