Fengxing 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	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	2016 - 2020
Cash & Equivalents	167.95	326.02	360.75	561.11	424.76	234.59	Upgrade
Trading Asset Securities	110.1	-	80.82	-	-	-	Upgrade
Cash & Short-Term Investments	278.05	326.02	441.57	561.11	424.76	234.59	Upgrade
Cash Growth	-17.78%	-26.17%	-21.30%	32.10%	81.07%	32.11%	Upgrade
Accounts Receivable	254.66	233.71	274.75	319.7	288.8	257.28	Upgrade
Other Receivables	10.77	8.97	8.28	5.4	4.07	5.08	Upgrade
Receivables	265.42	242.68	283.03	325.1	292.87	262.36	Upgrade
Inventory	135.2	156.96	152.66	186.38	173.02	151.88	Upgrade
Other Current Assets	7.77	10.8	9.52	17.27	13.31	9.82	Upgrade
Total Current Assets	686.45	736.46	886.79	1,090	903.96	658.64	Upgrade
Property, Plant & Equipment	338.69	348.25	365.52	375.96	384.2	369.67	Upgrade
Long-Term Investments	67.99	67.46	65.28	72.45	73.6	73.05	Upgrade
Goodwill	40.16	40.16	90.96	161.39	161.39	161.39	Upgrade
Other Intangible Assets	59.79	60.33	62.36	66.6	68.23	70.7	Upgrade
Long-Term Deferred Tax Assets	10.35	10.68	12.72	7.35	4.52	3.88	Upgrade
Long-Term Deferred Charges	5.69	2.43	1.93	1.97	1.67	2.13	Upgrade
Other Long-Term Assets	0.45	1.39	0.22	0.05	0.05	3.1	Upgrade
Total Assets	1,210	1,267	1,486	1,776	1,598	1,343	Upgrade
Accounts Payable	118.55	149.33	175.83	228.03	239.25	147.82	Upgrade
Accrued Expenses	19.73	32.42	23.03	31.22	27.42	26.19	Upgrade
Short-Term Debt	10	10.01	23.55	17.15	58.27	60.05	Upgrade
Current Portion of Long-Term Debt	27.41	25.08	77.88	71.46	56	32	Upgrade
Current Portion of Leases	-	2.61	2.78	2.12	2.03	-	Upgrade
Current Income Taxes Payable	4.96	1.18	0.03	9.33	6.56	7.34	Upgrade
Current Unearned Revenue	19.82	24.81	16.23	28.75	36.45	60.59	Upgrade
Other Current Liabilities	42.68	38.08	26.64	62.41	10.28	22.09	Upgrade
Total Current Liabilities	243.14	283.5	345.97	450.47	436.26	356.08	Upgrade
Long-Term Debt	15	30	64.5	150.7	30.1	66.11	Upgrade
Long-Term Leases	-	0.21	4.97	4.56	6.68	-	Upgrade
Long-Term Unearned Revenue	138.52	143.17	161.82	180.38	197.92	198.06	Upgrade
Long-Term Deferred Tax Liabilities	-	0.39	2.18	1.95	1.39	1.98	Upgrade
Total Liabilities	396.66	457.27	579.44	788.05	672.35	622.23	Upgrade
Common Stock	107.99	107.99	107.99	107.99	107.99	88	Upgrade
Additional Paid-In Capital	416.69	416.69	416.69	416.69	416.69	236.85	Upgrade
Retained Earnings	313.26	310.21	381.67	462.9	400.27	315.35	Upgrade
Treasury Stock	-25.03	-25	-	-	-	-	Upgrade
Comprehensive Income & Other	-	-	-	-	0.33	0.08	Upgrade
Total Common Equity	812.9	809.88	906.35	987.58	925.28	640.28	Upgrade
Minority Interest	-	-	-	-	-	80.06	Upgrade
Shareholders' Equity	812.9	809.88	906.35	987.58	925.28	720.34	Upgrade
Total Liabilities & Equity	1,210	1,267	1,486	1,776	1,598	1,343	Upgrade
Total Debt	52.41	67.9	173.68	245.99	153.08	158.17	Upgrade
Net Cash (Debt)	225.64	258.12	267.89	315.12	271.68	76.42	Upgrade
Net Cash Growth	9.46%	-3.65%	-14.99%	15.99%	255.51%	238.63%	Upgrade
Net Cash Per Share	2.10	2.42	2.47	2.93	2.93	0.86	Upgrade
Filing Date Shares Outstanding	101.58	106.34	107.55	107.99	107.99	88	Upgrade
Total Common Shares Outstanding	101.58	106.34	107.99	107.99	107.99	88	Upgrade
Working Capital	443.31	452.95	540.82	639.39	467.69	302.56	Upgrade
Book Value Per Share	8.00	7.62	8.39	9.15	8.57	7.28	Upgrade
Tangible Book Value	712.95	709.39	753.02	759.59	695.65	408.19	Upgrade
Tangible Book Value Per Share	7.02	6.67	6.97	7.03	6.44	4.64	Upgrade
Buildings	-	-	431.49	394.71	384.89	345.36	Upgrade
Machinery	-	-	204.97	197.45	195.85	175.66	Upgrade
Construction In Progress	-	-	1.99	22.08	9.29	29.62	Upgrade

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