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
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	153.7	326.02	360.75	561.11	424.76	234.59
Trading Asset Securities	170.29	-	80.82	-	-	-
Cash & Short-Term Investments	323.98	326.02	441.57	561.11	424.76	234.59
Cash Growth	4.18%	-26.17%	-21.30%	32.10%	81.07%	32.11%
Accounts Receivable	235.52	233.71	274.75	319.7	288.8	257.28
Other Receivables	6.66	8.97	8.28	5.4	4.07	5.08
Receivables	242.18	242.68	283.03	325.1	292.87	262.36
Inventory	156.12	156.96	152.66	186.38	173.02	151.88
Other Current Assets	7.88	10.8	9.52	17.27	13.31	9.82
Total Current Assets	730.16	736.46	886.79	1,090	903.96	658.64
Property, Plant & Equipment	319.7	348.25	365.52	375.96	384.2	369.67
Long-Term Investments	68.05	67.46	65.28	72.45	73.6	73.05
Goodwill	40.16	40.16	90.96	161.39	161.39	161.39
Other Intangible Assets	57.73	60.33	62.36	66.6	68.23	70.7
Long-Term Deferred Tax Assets	11.12	10.68	12.72	7.35	4.52	3.88
Long-Term Deferred Charges	6.16	2.43	1.93	1.97	1.67	2.13
Other Long-Term Assets	0.1	1.39	0.22	0.05	0.05	3.1
Total Assets	1,233	1,267	1,486	1,776	1,598	1,343
Accounts Payable	119.67	149.33	175.83	228.03	239.25	147.82
Accrued Expenses	24.1	32.42	23.03	31.22	27.42	26.19
Short-Term Debt	10	10.01	23.55	17.15	58.27	60.05
Current Portion of Long-Term Debt	22.43	25.08	77.88	71.46	56	32
Current Portion of Leases	-	2.61	2.78	2.12	2.03	-
Current Income Taxes Payable	6.02	1.18	0.03	9.33	6.56	7.34
Current Unearned Revenue	46.89	24.81	16.23	28.75	36.45	60.59
Other Current Liabilities	37.17	38.08	26.64	62.41	10.28	22.09
Total Current Liabilities	266.3	283.5	345.97	450.47	436.26	356.08
Long-Term Debt	10	30	64.5	150.7	30.1	66.11
Long-Term Leases	-	0.21	4.97	4.56	6.68	-
Long-Term Unearned Revenue	129.22	143.17	161.82	180.38	197.92	198.06
Long-Term Deferred Tax Liabilities	0.73	0.39	2.18	1.95	1.39	1.98
Total Liabilities	406.24	457.27	579.44	788.05	672.35	622.23
Common Stock	107.99	107.99	107.99	107.99	107.99	88
Additional Paid-In Capital	416.69	416.69	416.69	416.69	416.69	236.85
Retained Earnings	327.3	310.21	381.67	462.9	400.27	315.35
Treasury Stock	-25.03	-25	-	-	-	-
Comprehensive Income & Other	-	-	-	-	0.33	0.08
Total Common Equity	826.94	809.88	906.35	987.58	925.28	640.28
Minority Interest	-	-	-	-	-	80.06
Shareholders' Equity	826.94	809.88	906.35	987.58	925.28	720.34
Total Liabilities & Equity	1,233	1,267	1,486	1,776	1,598	1,343
Total Debt	42.44	67.9	173.68	245.99	153.08	158.17
Net Cash (Debt)	281.55	258.12	267.89	315.12	271.68	76.42
Net Cash Growth	33.22%	-3.65%	-14.99%	15.99%	255.51%	238.63%
Net Cash Per Share	2.70	2.42	2.47	2.93	2.93	0.86
Filing Date Shares Outstanding	112.37	106.34	107.55	107.99	107.99	88
Total Common Shares Outstanding	112.37	106.34	107.99	107.99	107.99	88
Working Capital	463.86	452.95	540.82	639.39	467.69	302.56
Book Value Per Share	7.36	7.62	8.39	9.15	8.57	7.28
Tangible Book Value	729.05	709.39	753.02	759.59	695.65	408.19
Tangible Book Value Per Share	6.49	6.67	6.97	7.03	6.44	4.64
Buildings	-	-	431.49	394.71	384.89	345.36
Machinery	-	-	204.97	197.45	195.85	175.66
Construction In Progress	-	-	1.99	22.08	9.29	29.62

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