Zhong Fu Tong 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	Jan '22 Jan 1, 2022
Cash & Equivalents	580.7	625.4	753.49	810.75	782.27
Cash & Short-Term Investments	580.7	625.4	753.49	810.75	782.27
Cash Growth	-7.15%	-17.00%	-7.06%	3.64%	50.85%
Accounts Receivable	1,222	1,136	1,103	1,057	1,143
Other Receivables	62.83	55.27	53.68	88.72	39.07
Receivables	1,285	1,192	1,157	1,146	1,182
Inventory	143.43	133.48	79.76	57.28	58.93
Other Current Assets	19.22	69.29	117.81	70.55	103.9
Total Current Assets	2,028	2,020	2,108	2,084	2,127
Property, Plant & Equipment	271.76	296.78	321.71	293.62	268
Long-Term Investments	-	7.74	7.55	16.79	37.5
Goodwill	20	79.85	125.63	162.74	170.34
Other Intangible Assets	96.32	97.08	112.66	80.7	65.99
Long-Term Accounts Receivable	-	4.37	5.73	19.87	23.05
Long-Term Deferred Tax Assets	74.18	56.25	38.73	30.77	24.1
Long-Term Deferred Charges	6.74	9.57	2.39	17.68	5.14
Other Long-Term Assets	20.23	-	-	3.18	17.11
Total Assets	2,517	2,572	2,722	2,710	2,738
Accounts Payable	440.66	506.17	593.21	624.74	608.02
Accrued Expenses	53.91	156.73	120.43	108.04	88.82
Short-Term Debt	619.1	555.74	590.64	541.33	492.28
Current Portion of Long-Term Debt	18.41	45.34	36.09	34.08	17.31
Current Portion of Leases	-	19.89	5.96	23.33	21.74
Current Income Taxes Payable	123.77	5.9	1.88	7.39	17.02
Current Unearned Revenue	5.67	96.83	119.9	23.22	79.95
Other Current Liabilities	245.06	39.44	32.02	50.52	113.19
Total Current Liabilities	1,507	1,426	1,500	1,413	1,438
Long-Term Debt	1.81	68.11	113.32	149.31	166.64
Long-Term Leases	1.02	9.06	5.36	0.9	22.59
Long-Term Deferred Tax Liabilities	1.43	2.41	3.53	5.81	5.43
Other Long-Term Liabilities	107.39	101.69	-	-	-
Total Liabilities	1,618	1,607	1,622	1,569	1,633
Common Stock	229.74	229.74	229.74	227.81	226.27
Additional Paid-In Capital	454.29	451.4	450.8	429.07	411.58
Retained Earnings	196.15	272.36	398.05	460.66	444.8
Comprehensive Income & Other	-1.08	-1.45	-1.57	-1.51	-1.45
Total Common Equity	879.1	952.06	1,077	1,116	1,081
Minority Interest	20	12.2	23.06	24.93	24.12
Shareholders' Equity	899.1	964.25	1,100	1,141	1,105
Total Liabilities & Equity	2,517	2,572	2,722	2,710	2,738
Total Debt	640.33	698.14	751.38	748.94	720.57
Net Cash (Debt)	-59.63	-72.74	2.11	61.81	61.7
Net Cash Growth	-	-	-96.59%	0.17%	-51.15%
Net Cash Per Share	-0.26	-0.32	0.01	0.27	0.27
Filing Date Shares Outstanding	229.95	229.74	229.74	227.81	226.27
Total Common Shares Outstanding	229.95	229.74	229.74	227.81	226.27
Working Capital	521.51	593.87	607.91	671.63	688.75
Book Value Per Share	3.82	4.14	4.69	4.90	4.78
Tangible Book Value	762.78	775.13	838.74	872.6	844.86
Tangible Book Value Per Share	3.32	3.37	3.65	3.83	3.73
Buildings	-	293.14	291.31	75.09	59.75
Machinery	-	91.16	101.67	94.88	81.94
Construction In Progress	-	3.74	1.25	199.34	189.62

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