Total assets do not include liabilities.

Total assets refer to all the assets owned or controlled by the enterprise. Including current assets, long-term investments, fixed assets, intangible and deferred assets, other long-term assets, etc., which are the total assets of the company's balance sheet. Among them:

(1) Current assets: refers to the total assets that an enterprise can realize or consume within one year or within a production cycle that exceeds one year. Including cash and various deposits, short-term investments, receivables and prepayments, inventories, etc.

(2) Fixed assets: refers to the total funds occupied by the enterprise’s net fixed assets, liquidation of fixed assets, projects under construction, and pending fixed asset losses.

(3) Intangible assets: refers to assets that are used by an enterprise for a long time and have no physical form. Including patent rights, non-patented technology, trademark rights, copyrights, and land use rights.

Total liabilities refer to current obligations formed from past transactions and events. Fulfillment of these obligations is expected to result in the outflow of economic benefits from the enterprise, including current liabilities and long-term liabilities. Among them, long-term liabilities refer to debts with a repayment period of more than one year, or an operating cycle of more than one year.