Guoquan Food (Shanghai) Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,121	1,930	1,418	694.95	627.57
Short-Term Investments	-	31.93	26.66	28.12	37.52
Trading Asset Securities	618.14	-	211.03	50.07	200.33
Cash & Short-Term Investments	1,739	1,962	1,655	773.15	865.42
Cash Growth	-11.34%	18.52%	114.10%	-10.66%	515.11%
Accounts Receivable	424.73	233.8	54.26	134.33	14.89
Other Receivables	-	96.58	109.65	145.32	127.17
Receivables	424.73	330.38	163.91	279.64	142.06
Inventory	803.18	691.83	719.52	1,047	601.62
Restricted Cash	109.11	88.84	64.22	42.16	33.47
Other Current Assets	396.19	195.58	272.36	266.67	314.62
Total Current Assets	3,473	3,268	2,875	2,409	1,957
Property, Plant & Equipment	812.38	644.52	576.53	510.16	157.39
Long-Term Investments	671.57	547.37	918.89	814.92	406.68
Goodwill	138.01	138.01	138.01	138.01	-
Other Intangible Assets	53.52	50.9	58.23	61.06	6.06
Long-Term Deferred Tax Assets	73.41	86.79	60.16	116.53	174.3
Other Long-Term Assets	17.02	15.44	24.52	30.96	18.12
Total Assets	5,238	4,751	4,652	4,081	2,720
Accounts Payable	897.3	647.06	457.3	577.48	180.99
Accrued Expenses	-	130.1	131.05	210.7	140.99
Short-Term Debt	-	63.51	72.08	95.39	-
Current Portion of Long-Term Debt	129.54	-	0.05	0.05	-
Current Portion of Leases	28.6	16.16	17.85	19.94	20.36
Current Income Taxes Payable	58.83	40.28	43.31	20.64	1.08
Current Unearned Revenue	-	115.58	92.83	91.14	61.4
Other Current Liabilities	821.52	391.68	353.42	287.68	178.54
Total Current Liabilities	1,936	1,404	1,168	1,303	583.36
Long-Term Debt	9.5	4	8.14	0.19	-
Long-Term Leases	48.89	19.04	12.16	19.22	20.45
Long-Term Unearned Revenue	31.72	24.7	18.26	7.34	-
Long-Term Deferred Tax Liabilities	33.17	34.56	66.41	61.36	1.21
Total Liabilities	2,059	1,487	1,273	1,391	605.02
Common Stock	2,747	2,747	2,747	20.99	20.6
Retained Earnings	-	145.25	54.36	-344.55	-576.33
Treasury Stock	-257.23	-73.31	-	-	-
Comprehensive Income & Other	546.71	325.07	460.46	2,918	2,645
Total Common Equity	3,037	3,144	3,262	2,594	2,089
Minority Interest	142.5	120.45	116.61	95.1	25.5
Shareholders' Equity	3,179	3,265	3,379	2,690	2,115
Total Liabilities & Equity	5,238	4,751	4,652	4,081	2,720
Total Debt	216.53	102.71	110.29	134.78	40.81
Net Cash (Debt)	1,523	1,859	1,545	638.36	824.62
Net Cash Growth	-18.09%	20.33%	142.03%	-22.59%	3735.78%
Net Cash Per Share	0.57	0.68	0.58	0.24	0.52
Filing Date Shares Outstanding	2,629	2,708	2,747	2,670	1,594
Total Common Shares Outstanding	2,629	2,708	2,747	2,670	1,594
Working Capital	1,537	1,864	1,707	1,106	1,374
Book Value Per Share	1.16	1.16	1.19	0.97	1.31
Tangible Book Value	2,845	2,955	3,066	2,395	2,083
Tangible Book Value Per Share	1.08	1.09	1.12	0.90	1.31
Buildings	-	311.14	289.69	216.47	-
Machinery	-	247.05	169.05	114.04	46.95
Construction In Progress	-	33.5	37.25	50.83	34.44
Leasehold Improvements	-	17.74	13.4	14.8	10.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.