Financial Statements — FENG

(in billions CNY)

Metric	Q4 2025	Q4 2024	Q4 2023	Q4 2022	Q4 2021
Cash & Equivalents	0.54	0.61	0.53	0.10	0.19
Accounts Receivable	0.29	0.33	0.29	0.43	0.46
Total Current Assets	1.42	1.47	1.48	1.66	2.08
Property, Plant & Equipment	0.01	0.00	0.01	0.01	0.03
Intangible Assets	0.01	0.01	0.02	0.03	0.02
Total Non-current Assets	0.23	0.24	0.28	0.37	0.33
Total Assets	1.65	1.71	1.76	2.03	2.41
Accounts Payable	0.12	0.14	0.12	0.18	0.22
Total Current Liabilities	0.50	0.54	0.53	0.66	0.97
Total Non-current Liabilities	0.04	0.06	0.07	0.10	0.05
Total Liabilities	0.54	0.60	0.60	0.77	1.02
Retained Earnings	(0.57)	(0.57)	(0.51)	(0.41)	(0.30)
Total Stockholder Equity	1.17	1.18	1.23	1.32	1.43

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