Fresh2 Group Limited (FRES)

Fresh2 Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash & Equivalents	0.5	1.87	9.25	3.02	6.13	12.89
Short-Term Investments	0.15	1.75	1.5	1.75	-	-
Cash & Short-Term Investments	0.65	3.62	10.75	4.77	6.13	12.89
Cash Growth	-92.80%	-66.30%	125.37%	-22.14%	-52.47%	12.92%
Accounts Receivable	11.72	4.41	5.55	9.07	1.85	3.02
Other Receivables	1.12	1.72	2.05	1.55	1.57	1.43
Receivables	12.84	6.13	7.61	10.62	3.42	4.45
Inventory	0.14	0.21	0.49	0.31	0.31	0.06
Other Current Assets	13.73	3.74	4.7	5.59	12.31	3.45
Total Current Assets	27.35	13.7	23.55	21.29	22.17	20.85
Property, Plant & Equipment	4.53	24.4	20.26	19.27	18.87	18.14
Long-Term Investments	39.78	1.08	0.92	0.88	2.33	3.46
Goodwill	36.5	-	12.76	2.22	2.22	2.22
Other Intangible Assets	45.17	1.3	10	5.76	6.39	6.63
Other Long-Term Assets	24.87	-	-	0.46	1	1.46
Total Assets	178.21	40.47	67.49	49.89	52.98	52.76
Accounts Payable	0.42	2.11	2.73	2.13	1.8	1.62
Accrued Expenses	18.37	24.74	18.88	24.32	17.99	10.58
Short-Term Debt	0.02	5.12	33.76	11.03	40.76	53.82
Current Portion of Leases	0.15	0.78	-	-	-	-
Current Unearned Revenue	0.48	4.96	4.17	3.68	2.45	4.31
Other Current Liabilities	40.4	4.57	3.36	2.36	3.2	1.1
Total Current Liabilities	59.84	42.28	62.91	43.52	66.2	71.44
Long-Term Leases	0.04	6.52	-	-	-	-
Long-Term Deferred Tax Liabilities	2.94	-	2.16	1.05	1.13	1.22
Other Long-Term Liabilities	3.34	1.08	1.11	2.04	1.58	2.5
Total Liabilities	66.15	49.87	66.17	46.61	68.91	75.16
Common Stock	12.42	5.73	1.28	0.81	0.66	0.57
Additional Paid-In Capital	715.33	564.87	465.33	354.3	257.74	152.37
Retained Earnings	-648.3	-577.54	-475.65	-356.95	-276.48	-174.35
Treasury Stock	-	-11	-	-	-	-
Comprehensive Income & Other	13.08	4.26	4.53	4.8	2.11	-0.98
Total Common Equity	92.52	-13.68	-4.5	2.95	-15.97	-22.39
Minority Interest	19.54	4.27	5.82	0.33	0.05	-
Shareholders' Equity	112.06	-9.4	1.32	3.28	-15.92	-22.39
Total Liabilities & Equity	178.21	40.47	67.49	49.89	52.98	52.76
Total Debt	0.2	12.42	33.76	11.03	40.76	53.82
Net Cash (Debt)	0.45	-8.8	-23.01	-6.27	-34.64	-40.94
Net Cash Per Share	1.01	-46.01	-338.26	-111.97	-775.09	-960.49
Filing Date Shares Outstanding	0.9	0.74	0.08	0.06	0.06	0.05
Total Common Shares Outstanding	0.9	0.35	0.08	0.06	0.05	0.04
Working Capital	-32.48	-28.58	-39.36	-22.24	-44.03	-50.59
Book Value Per Share	103.01	-38.73	-56.31	48.91	-323.73	-520.95
Tangible Book Value	10.85	-14.97	-27.25	-5.04	-24.59	-31.24
Tangible Book Value Per Share	12.08	-42.40	-341.08	-83.56	-498.37	-726.86
Buildings	-	16.03	16.03	16.03	16.03	15.77
Machinery	5.26	13.82	13.49	11.65	10.88	8.99
Construction In Progress	-	1.93	2.01	1.62	0.63	0.42
Leasehold Improvements	-	-	1.45	-	0.05	0.05

Source: S&P Capital IQ. Standard template. Financial Sources.