Hangzhou Fuen Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	310.58	430.89	395.85	253.19	356.41
Trading Asset Securities	87.11	87.25	23.09	5.2	58.85
Cash & Short-Term Investments	397.68	518.14	418.94	258.39	415.26
Cash Growth	53.91%	23.68%	62.14%	-37.78%	-
Accounts Receivable	356.27	252.22	282.22	258.19	268.86
Other Receivables	13.37	3.31	4.06	2.45	3.38
Receivables	369.63	255.53	286.28	260.65	272.24
Inventory	267.95	232.63	237.19	203.88	197.68
Other Current Assets	185.43	139.41	24.89	55.68	20.08
Total Current Assets	1,221	1,146	967.31	778.6	905.25
Property, Plant & Equipment	554.17	558.33	466.8	284.6	302.24
Long-Term Investments	51.92	125.07	285.46	141.17	42.59
Goodwill	14.87	14.87	14.87	14.87	14.87
Other Intangible Assets	131.01	131.92	100.56	102.09	52.98
Long-Term Deferred Tax Assets	5.76	3.77	8.86	8.09	6.73
Long-Term Deferred Charges	0.81	0.56	0.54	0.78	0.62
Other Long-Term Assets	3.77	2.84	40.87	9.26	8.65
Total Assets	1,983	1,983	1,885	1,339	1,334
Accounts Payable	565.35	590.55	726.2	496.36	692.1
Accrued Expenses	15.65	39.1	38.34	37.44	25.72
Short-Term Debt	-	-	10.01	-	1.06
Current Portion of Long-Term Debt	-	-	-	-	1
Current Portion of Leases	1.85	1.86	3.32	-	-
Current Income Taxes Payable	14.31	8.6	4.43	5.02	11.05
Current Unearned Revenue	1.16	1.6	0.74	1.42	2.5
Other Current Liabilities	5.65	4.01	2.72	2.35	40.28
Total Current Liabilities	603.97	645.72	785.76	542.6	773.71
Long-Term Leases	17.32	18.16	20.48	-	-
Long-Term Unearned Revenue	9.3	9.81	9.9	11.28	12.51
Total Liabilities	630.59	673.69	816.14	553.87	786.22
Common Stock	175	175	175	175	175
Additional Paid-In Capital	337.96	335.45	323.94	315.56	55.35
Retained Earnings	840.82	800.2	569.86	295.02	317.36
Comprehensive Income & Other	-1.37	-1.27	0.32	-	-
Shareholders' Equity	1,352	1,309	1,069	785.58	547.71
Total Liabilities & Equity	1,983	1,983	1,885	1,339	1,334
Total Debt	19.17	20.02	33.81	-	2.06
Net Cash (Debt)	378.51	498.12	385.13	258.39	413.2
Net Cash Growth	46.49%	29.34%	49.05%	-37.47%	-
Net Cash Per Share	2.18	2.85	2.20	1.77	1.96
Filing Date Shares Outstanding	175	175	175.05	146.02	211.13
Total Common Shares Outstanding	175	175	175.05	146.02	211.13
Working Capital	616.72	499.98	181.55	236	131.55
Book Value Per Share	7.73	7.48	6.11	5.38	2.59
Tangible Book Value	1,207	1,163	953.69	668.62	479.86
Tangible Book Value Per Share	6.89	6.64	5.45	4.58	2.27
Buildings	-	388.02	237.36	235.79	222.72
Machinery	-	454.52	346.78	333.34	325.55
Construction In Progress	-	62.24	181.65	6.68	9.61