Dalian Friendship (Group) 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	113.41	117.42	124.28	107.67	153.96
Cash & Short-Term Investments	113.41	117.42	124.28	107.67	153.96
Cash Growth	-3.41%	-5.52%	15.43%	-30.06%	-8.96%
Accounts Receivable	78.23	57.98	8.5	2.91	0.33
Other Receivables	3.61	4.24	0.8	0.59	8.07
Receivables	81.84	62.23	9.3	3.5	8.4
Inventory	69.48	68.75	37.01	37.47	32.98
Prepaid Expenses	-	0.07	0.08	0.07	0.01
Other Current Assets	94.36	99.29	93.11	95.53	97.23
Total Current Assets	359.1	347.75	263.78	244.24	292.58
Property, Plant & Equipment	525.72	550.7	561.14	585.84	600.21
Other Intangible Assets	116.47	121.41	126.27	131.19	136.13
Long-Term Deferred Charges	4.09	3.2	5.13	7.72	10.56
Total Assets	1,005	1,023	956.32	968.99	1,039
Accounts Payable	69.79	56.69	52.92	46.86	73.17
Accrued Expenses	4.34	156.8	167.16	193.41	194.33
Short-Term Debt	80	497.96	356.32	313.46	234.4
Current Portion of Long-Term Debt	5.43	-	-	-	-
Current Portion of Leases	-	5.46	0.33	5.31	54.94
Current Income Taxes Payable	2.14	0.35	0	0.04	-
Current Unearned Revenue	39.01	41.17	43.77	46.69	49.82
Other Current Liabilities	735.91	76.93	54.92	36.74	33.84
Total Current Liabilities	936.62	835.35	675.41	642.5	640.51
Long-Term Leases	4.58	9.97	5.69	5.92	18.61
Total Liabilities	941.2	845.32	681.11	648.42	659.12
Common Stock	356.4	356.4	356.4	356.4	356.4
Additional Paid-In Capital	68.83	68.83	68.83	68.83	68.83
Retained Earnings	-268.05	-170.73	-93.09	-55.92	-5.76
Total Common Equity	157.18	254.5	332.14	369.31	419.47
Minority Interest	-93.01	-76.76	-56.93	-48.74	-39.11
Shareholders' Equity	64.17	177.74	275.21	320.56	380.36
Total Liabilities & Equity	1,005	1,023	956.32	968.99	1,039
Total Debt	90.01	513.38	362.33	324.69	307.95
Net Cash (Debt)	23.41	-395.96	-238.05	-217.02	-154
Net Cash Per Share	0.06	-1.12	-0.64	-0.61	-0.44
Filing Date Shares Outstanding	371.17	356.4	356.4	356.4	356.4
Total Common Shares Outstanding	371.17	356.4	356.4	356.4	356.4
Working Capital	-577.53	-487.6	-411.63	-398.26	-347.93
Book Value Per Share	0.42	0.71	0.93	1.04	1.18
Tangible Book Value	40.71	133.09	205.87	238.11	283.34
Tangible Book Value Per Share	0.11	0.37	0.58	0.67	0.79
Buildings	-	300.28	300.28	300.28	300.28
Machinery	-	76.63	84.58	85.27	85.62
Construction In Progress	-	362.83	371.24	379.53	379.53

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