SFC Holdings 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	444.1	449.61	539.65	153.04	85.21	143.8
Short-Term Investments	-	17.07	11.93	-	-	-
Trading Asset Securities	817.54	747.01	813.27	249.78	136.67	198.19
Cash & Short-Term Investments	1,262	1,214	1,365	402.82	221.88	341.99
Cash Growth	4.80%	-11.07%	238.82%	81.55%	-35.12%	15.44%
Accounts Receivable	37.91	40.16	42.2	51.97	66.56	55.76
Other Receivables	21.77	2.52	1.18	2.89	2.29	0.79
Receivables	59.68	42.68	43.38	54.85	68.85	57.56
Inventory	78.45	125.59	66.15	70.65	117.25	77.93
Other Current Assets	30.52	35.17	20.8	26.95	41.23	45.38
Total Current Assets	1,430	1,417	1,495	555.27	449.21	522.87
Property, Plant & Equipment	56.19	59.58	37.01	59.39	138.37	13.7
Long-Term Investments	-	-	-	0.21	-	2.31
Other Intangible Assets	0.28	0.36	0.58	1.11	1.51	1.63
Long-Term Deferred Tax Assets	13.56	15.87	8.46	9.85	4.37	2.76
Long-Term Deferred Charges	1.68	2.06	1.16	17.44	14.7	7.88
Other Long-Term Assets	5.42	5.53	5.66	5.8	5.94	6.07
Total Assets	1,507	1,501	1,548	649.07	614.1	557.21
Accounts Payable	39.15	59.21	50.48	37.97	54.71	64.19
Accrued Expenses	15.22	20.76	20.38	8.31	21.26	31.43
Current Portion of Leases	2.32	11.99	11.69	21.22	18.48	-
Current Income Taxes Payable	6.2	0.8	4.63	3.96	1.6	13.98
Current Unearned Revenue	34.12	37.65	34.93	32.22	36.91	71.26
Other Current Liabilities	2.61	4.43	2.67	6.28	4.69	2.25
Total Current Liabilities	99.63	134.84	124.77	109.96	137.65	183.11
Long-Term Leases	44.89	36.28	7.61	18.91	101.89	-
Long-Term Deferred Tax Liabilities	0.62	0.01	0.06	5.14	1.58	1.47
Other Long-Term Liabilities	6.04	7.16	5.12	5.51	5.65	4.39
Total Liabilities	151.19	178.29	137.57	139.52	246.77	188.97
Common Stock	788.85	788.85	788.85	670.39	670.39	670.39
Additional Paid-In Capital	11.29	5.6	-	-	-	-
Retained Earnings	551.67	519.82	615.89	492.19	351.42	351.97
Comprehensive Income & Other	4.44	7.95	5.72	-653.03	-654.48	-654.12
Total Common Equity	1,356	1,322	1,410	509.55	367.34	368.24
Shareholders' Equity	1,356	1,322	1,410	509.55	367.34	368.24
Total Liabilities & Equity	1,507	1,501	1,548	649.07	614.1	557.21
Total Debt	47.21	48.27	19.3	40.12	120.37	-
Net Cash (Debt)	1,214	1,165	1,346	362.69	101.5	341.99
Net Cash Growth	4.87%	-13.39%	270.99%	257.32%	-70.32%	15.44%
Net Cash Per Share	1.54	1.48	1.92	0.54	0.15	0.51
Filing Date Shares Outstanding	788.85	788.85	788.85	670.39	670.39	670.39
Total Common Shares Outstanding	788.85	788.85	788.85	670.39	670.39	670.39
Working Capital	1,331	1,282	1,370	445.31	311.56	339.76
Book Value Per Share	1.72	1.68	1.79	0.76	0.55	0.55
Tangible Book Value	1,356	1,322	1,410	508.44	365.82	366.62
Tangible Book Value Per Share	1.72	1.68	1.79	0.76	0.55	0.55
Machinery	-	31.58	28.28	30.4	29.92	25.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.