Guoquan Food (Shanghai) 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,296	1,930	1,418	694.95	627.57	100.82
Short-Term Investments	32.15	31.93	26.66	28.12	37.52	39.87
Trading Asset Securities	322.58	-	211.03	50.07	200.33	-
Cash & Short-Term Investments	1,651	1,962	1,655	773.15	865.42	140.69
Cash Growth	-22.30%	18.52%	114.10%	-10.66%	515.11%	-
Accounts Receivable	291.18	233.8	54.26	134.33	14.89	-
Other Receivables	81.87	96.58	109.65	145.32	127.17	65.83
Receivables	373.05	330.38	163.91	279.64	142.06	65.83
Inventory	461.46	691.83	719.52	1,047	601.62	646.59
Restricted Cash	95.18	88.84	64.22	42.16	33.47	27.12
Other Current Assets	381.57	195.58	272.36	266.67	314.62	188.36
Total Current Assets	2,962	3,268	2,875	2,409	1,957	1,069
Property, Plant & Equipment	703.9	644.52	576.53	510.16	157.39	55.26
Long-Term Investments	658.85	547.37	918.89	814.92	406.68	6.25
Goodwill	138.01	138.01	138.01	138.01	-	-
Other Intangible Assets	47.18	50.9	58.23	61.06	6.06	3.85
Long-Term Deferred Tax Assets	79.44	86.79	60.16	116.53	174.3	35.85
Other Long-Term Assets	12.17	15.44	24.52	30.96	18.12	5.47
Total Assets	4,602	4,751	4,652	4,081	2,720	1,175
Accounts Payable	371.33	647.06	457.3	577.48	180.99	97.41
Accrued Expenses	131.11	130.1	131.05	210.7	140.99	80.36
Short-Term Debt	-	63.51	72.08	95.39	-	88.24
Current Portion of Long-Term Debt	54.01	-	0.05	0.05	-	-
Current Portion of Leases	20.62	16.16	17.85	19.94	20.36	14.08
Current Income Taxes Payable	25.83	40.28	43.31	20.64	1.08	13.28
Current Unearned Revenue	108.08	115.58	92.83	91.14	61.4	54.66
Other Current Liabilities	634.25	391.68	353.42	287.68	178.54	139.99
Total Current Liabilities	1,345	1,404	1,168	1,303	583.36	488.02
Long-Term Debt	11	4	8.14	0.19	-	-
Long-Term Leases	35.05	19.04	12.16	19.22	20.45	16.87
Long-Term Unearned Revenue	24.41	24.7	18.26	7.34	-	-
Long-Term Deferred Tax Liabilities	33.87	34.56	66.41	61.36	1.21	-
Total Liabilities	1,450	1,487	1,273	1,391	605.02	504.89
Common Stock	2,747	2,747	2,747	20.99	20.6	6.87
Retained Earnings	130.56	145.25	54.36	-344.55	-576.33	-114.34
Treasury Stock	-184.49	-73.31	-	-	-	-
Comprehensive Income & Other	340.36	325.07	460.46	2,918	2,645	777.85
Total Common Equity	3,034	3,144	3,262	2,594	2,089	670.38
Minority Interest	118.35	120.45	116.61	95.1	25.5	-
Shareholders' Equity	3,152	3,265	3,379	2,690	2,115	670.38
Total Liabilities & Equity	4,602	4,751	4,652	4,081	2,720	1,175
Total Debt	120.68	102.71	110.29	134.78	40.81	119.2
Net Cash (Debt)	1,530	1,859	1,545	638.36	824.62	21.5
Net Cash Growth	-24.55%	20.33%	142.03%	-22.59%	3735.78%	-
Net Cash Per Share	0.56	0.68	0.58	0.24	0.52	0.03
Filing Date Shares Outstanding	2,655	2,708	2,747	2,670	1,594	631.97
Total Common Shares Outstanding	2,655	2,708	2,747	2,670	1,594	631.97
Working Capital	1,617	1,864	1,707	1,106	1,374	580.58
Book Value Per Share	1.14	1.16	1.19	0.97	1.31	1.06
Tangible Book Value	2,849	2,955	3,066	2,395	2,083	666.53
Tangible Book Value Per Share	1.07	1.09	1.12	0.90	1.31	1.05
Buildings	-	311.14	289.69	216.47	-	-
Machinery	-	247.05	169.05	114.04	46.95	23.18
Construction In Progress	-	33.5	37.25	50.83	34.44	-
Leasehold Improvements	-	17.74	13.4	14.8	10.63	4.59

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