Dalian Friendship (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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	102.21	117.42	124.28	107.67	153.96	169.1
Cash & Short-Term Investments	102.21	117.42	124.28	107.67	153.96	169.1
Cash Growth	-23.99%	-5.52%	15.43%	-30.06%	-8.96%	245.14%
Accounts Receivable	44.55	57.98	8.5	2.91	0.33	0.29
Other Receivables	4.58	4.24	0.8	0.59	8.07	9.98
Receivables	49.14	62.23	9.3	3.5	8.4	70.47
Inventory	62.52	68.75	37.01	37.47	32.98	27.44
Prepaid Expenses	-	0.07	0.08	0.07	0.01	8.2
Other Current Assets	102.17	99.29	93.11	95.53	97.23	91.62
Total Current Assets	316.04	347.75	263.78	244.24	292.58	366.83
Property, Plant & Equipment	539.54	550.7	561.14	585.84	600.21	821.9
Other Intangible Assets	117.71	121.41	126.27	131.19	136.13	141.13
Long-Term Deferred Charges	1.91	3.2	5.13	7.72	10.56	14.32
Total Assets	975.2	1,023	956.32	968.99	1,039	1,344
Accounts Payable	44.79	56.69	52.92	46.86	73.17	58.5
Accrued Expenses	1.24	156.8	167.16	193.41	194.33	189.44
Short-Term Debt	759.63	497.96	356.32	313.46	234.4	-
Current Portion of Leases	5.2	5.46	0.33	5.31	54.94	52.92
Current Income Taxes Payable	1.62	0.35	0	0.04	-	0.73
Current Unearned Revenue	39.8	41.17	43.77	46.69	49.82	52.35
Other Current Liabilities	5.69	76.93	54.92	36.74	33.84	267.31
Total Current Liabilities	857.96	835.35	675.41	642.5	640.51	621.23
Long-Term Leases	6.21	9.97	5.69	5.92	18.61	46.3
Total Liabilities	864.17	845.32	681.11	648.42	659.12	667.54
Common Stock	356.4	356.4	356.4	356.4	356.4	356.4
Additional Paid-In Capital	68.83	68.83	68.83	68.83	68.83	68.83
Retained Earnings	-227.83	-170.73	-93.09	-55.92	-5.76	210.6
Total Common Equity	197.4	254.5	332.14	369.31	419.47	635.83
Minority Interest	-86.37	-76.76	-56.93	-48.74	-39.11	40.81
Shareholders' Equity	111.03	177.74	275.21	320.56	380.36	676.64
Total Liabilities & Equity	975.2	1,023	956.32	968.99	1,039	1,344
Total Debt	771.03	513.38	362.33	324.69	307.95	99.22
Net Cash (Debt)	-668.82	-395.96	-238.05	-217.02	-154	69.88
Net Cash Per Share	-1.85	-1.12	-0.64	-0.61	-0.44	0.19
Filing Date Shares Outstanding	358.1	356.4	356.4	356.4	356.4	356.4
Total Common Shares Outstanding	358.1	356.4	356.4	356.4	356.4	356.4
Working Capital	-541.91	-487.6	-411.63	-398.26	-347.93	-254.41
Book Value Per Share	0.55	0.71	0.93	1.04	1.18	1.78
Tangible Book Value	79.69	133.09	205.87	238.11	283.34	494.7
Tangible Book Value Per Share	0.22	0.37	0.58	0.67	0.79	1.39
Buildings	-	300.28	300.28	300.28	300.28	364.85
Machinery	-	76.63	84.58	85.27	85.62	85.85
Construction In Progress	-	362.83	371.24	379.53	379.53	597.61

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