Fengxing 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	Jan '22 Jan 1, 2022
Cash & Equivalents	269.2	326.02	360.75	561.11	424.76
Trading Asset Securities	100.12	-	80.82	-	-
Cash & Short-Term Investments	369.32	326.02	441.57	561.11	424.76
Cash Growth	13.28%	-26.17%	-21.30%	32.10%	81.07%
Accounts Receivable	230.4	233.71	274.75	319.7	288.8
Other Receivables	13.13	8.97	8.28	5.4	4.07
Receivables	243.53	242.68	283.03	325.1	292.87
Inventory	133.24	156.96	152.66	186.38	173.02
Other Current Assets	5.88	10.8	9.52	17.27	13.31
Total Current Assets	751.97	736.46	886.79	1,090	903.96
Property, Plant & Equipment	306.34	348.25	365.52	375.96	384.2
Long-Term Investments	70.74	67.46	65.28	72.45	73.6
Goodwill	40.16	40.16	90.96	161.39	161.39
Other Intangible Assets	56.87	60.33	62.36	66.6	68.23
Long-Term Deferred Tax Assets	12.07	10.68	12.72	7.35	4.52
Long-Term Deferred Charges	3.56	2.43	1.93	1.97	1.67
Other Long-Term Assets	0.35	1.39	0.22	0.05	0.05
Total Assets	1,242	1,267	1,486	1,776	1,598
Accounts Payable	141.84	149.33	175.83	228.03	239.25
Accrued Expenses	34.54	32.42	23.03	31.22	27.42
Short-Term Debt	5.9	10.01	23.55	17.15	58.27
Current Portion of Long-Term Debt	20.03	25.08	77.88	71.46	56
Current Portion of Leases	-	2.61	2.78	2.12	2.03
Current Income Taxes Payable	6.45	1.18	0.03	9.33	6.56
Current Unearned Revenue	33.01	24.81	16.23	28.75	36.45
Other Current Liabilities	35.38	38.08	26.64	62.41	10.28
Total Current Liabilities	277.14	283.5	345.97	450.47	436.26
Long-Term Debt	10	30	64.5	150.7	30.1
Long-Term Leases	-	0.21	4.97	4.56	6.68
Long-Term Unearned Revenue	124.57	143.17	161.82	180.38	197.92
Long-Term Deferred Tax Liabilities	-	0.39	2.18	1.95	1.39
Total Liabilities	411.71	457.27	579.44	788.05	672.35
Common Stock	107.99	107.99	107.99	107.99	107.99
Additional Paid-In Capital	416.69	416.69	416.69	416.69	416.69
Retained Earnings	330.38	310.21	381.67	462.9	400.27
Treasury Stock	-25.03	-25	-	-	-
Comprehensive Income & Other	0.33	-	-	-	0.33
Total Common Equity	830.36	809.88	906.35	987.58	925.28
Shareholders' Equity	830.36	809.88	906.35	987.58	925.28
Total Liabilities & Equity	1,242	1,267	1,486	1,776	1,598
Total Debt	35.93	67.9	173.68	245.99	153.08
Net Cash (Debt)	333.39	258.12	267.89	315.12	271.68
Net Cash Growth	29.16%	-3.65%	-14.99%	15.99%	255.51%
Net Cash Per Share	3.14	2.42	2.47	2.93	2.93
Filing Date Shares Outstanding	104.26	106.34	107.55	107.99	107.99
Total Common Shares Outstanding	104.26	106.34	107.99	107.99	107.99
Working Capital	474.83	452.95	540.82	639.39	467.69
Book Value Per Share	7.96	7.62	8.39	9.15	8.57
Tangible Book Value	733.33	709.39	753.02	759.59	695.65
Tangible Book Value Per Share	7.03	6.67	6.97	7.03	6.44
Buildings	-	-	431.49	394.71	384.89
Machinery	-	-	204.97	197.45	195.85
Construction In Progress	-	-	1.99	22.08	9.29

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