Anfu CE LINK 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	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	459.31	675.85	779.75	980.3	771.96	268.81
Trading Asset Securities	168.62	-	-	-	0.75	-
Cash & Short-Term Investments	627.93	675.85	779.75	980.3	772.71	268.81
Cash Growth	9.65%	-13.33%	-20.46%	26.87%	187.45%	-2.40%
Accounts Receivable	615.98	594.6	572.33	454.8	416.36	569.1
Other Receivables	17.34	36.21	149.19	69.94	18.77	64.28
Receivables	633.32	630.82	722.26	525.4	435.51	633.62
Inventory	709.69	670.89	458.6	231.29	301.25	415.39
Other Current Assets	210.6	187	18.09	11.83	9.72	7.83
Total Current Assets	2,182	2,165	1,979	1,749	1,519	1,326
Property, Plant & Equipment	1,579	1,558	1,245	1,101	952.83	936.54
Other Intangible Assets	256.17	260.22	270.77	274.94	146.08	130.89
Long-Term Deferred Tax Assets	153.52	107.71	81.55	45.06	25.16	31.17
Long-Term Deferred Charges	18	18.83	18.44	13.7	16.61	17.96
Other Long-Term Assets	40.06	67.34	105.92	75.73	44.23	45.99
Total Assets	4,228	4,177	3,706	3,265	2,709	2,492
Accounts Payable	909.58	989.18	797.69	514.07	399.58	342.2
Accrued Expenses	87.24	116.61	125.59	101.01	94.67	90.77
Short-Term Debt	577.45	620.4	302.24	305.17	523.02	610.08
Current Portion of Long-Term Debt	6.92	6.25	2.13	1.2	-	-
Current Portion of Leases	-	-	1.62	1.26	1.43	1.03
Current Income Taxes Payable	37.73	44.17	66.77	72.96	43.83	8.9
Current Unearned Revenue	60.45	58.17	23.34	14.18	20.98	20.04
Other Current Liabilities	40.74	34.72	5	4.92	5.78	4.81
Total Current Liabilities	1,720	1,869	1,324	1,015	1,089	1,078
Long-Term Debt	665.75	508.29	625.18	448.07	-	-
Long-Term Leases	2.13	1.63	2.48	-	1.26	2
Long-Term Unearned Revenue	101.13	96.41	80.94	55.84	29.91	32.79
Long-Term Deferred Tax Liabilities	43.3	44.55	33.84	25.88	26.96	23.9
Other Long-Term Liabilities	5.84	3.57	0.61	-	-	-
Total Liabilities	2,538	2,524	2,067	1,545	1,147	1,137
Common Stock	313.43	313.43	263.56	229.5	153.26	152.78
Additional Paid-In Capital	137.64	136.64	249.9	388.19	452.58	444.82
Retained Earnings	1,083	1,042	999.38	983.64	1,006	756.39
Treasury Stock	-	-	-63.06	-63.06	-63.06	-
Comprehensive Income & Other	167.24	172.57	189.68	181.8	13.05	1.89
Total Common Equity	1,701	1,664	1,639	1,720	1,562	1,356
Minority Interest	-11.43	-11.48	-1.01	-	-	-
Shareholders' Equity	1,690	1,653	1,638	1,720	1,562	1,356
Total Liabilities & Equity	4,228	4,177	3,706	3,265	2,709	2,492
Total Debt	1,252	1,137	933.65	755.71	525.71	613.1
Net Cash (Debt)	-624.33	-460.71	-153.9	224.59	247	-344.29
Net Cash Growth	-	-	-	-9.07%	-	-
Net Cash Per Share	-2.00	-1.47	-0.49	0.69	0.76	-1.04
Filing Date Shares Outstanding	313.45	397.6	313.43	325.36	325.93	330.01
Total Common Shares Outstanding	313.45	397.6	313.43	325.36	325.93	330.01
Working Capital	461.42	295.07	654.31	734.04	429.89	247.83
Book Value Per Share	5.43	4.19	5.23	5.29	4.79	4.11
Tangible Book Value	1,445	1,404	1,369	1,445	1,415	1,225
Tangible Book Value Per Share	4.61	3.53	4.37	4.44	4.34	3.71
Buildings	-	-	960.15	709.18	688.22	601.97
Machinery	-	-	798.39	675.55	570.04	498.15
Construction In Progress	-	-	13.87	135.35	4.51	57.66

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