China Feihe 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	7,539	9,321	10,441	9,336	9,629
Short-Term Investments	8,637	9,732	8,706	9,773	7,548
Cash & Short-Term Investments	16,175	19,054	19,147	19,109	17,177
Cash Growth	-15.10%	-0.49%	0.20%	11.24%	4.70%
Accounts Receivable	373.99	395.22	431.18	430.65	477.33
Other Receivables	298.47	273.9	344.42	397.01	297.04
Receivables	672.46	669.12	775.61	827.66	774.37
Inventory	2,506	2,154	2,258	1,994	1,722
Restricted Cash	120.05	27.91	58.22	30.11	25.62
Other Current Assets	783.71	344.08	315.53	269.11	270.4
Total Current Assets	20,257	22,249	22,554	22,230	19,970
Property, Plant & Equipment	9,997	9,856	9,889	9,909	8,865
Long-Term Investments	792.79	722.16	645	352.2	129.36
Goodwill	112.4	112.4	112.4	112.4	112.4
Other Intangible Assets	11.97	14.16	16.33	18.51	20.69
Long-Term Deferred Tax Assets	354.34	347.96	402.22	438.96	473.63
Other Long-Term Assets	2,513	2,425	2,575	2,455	1,911
Total Assets	34,039	35,726	36,195	35,516	31,481
Accounts Payable	1,657	1,565	1,838	1,774	1,284
Short-Term Debt	108.7	164.63	250	120	-
Current Portion of Long-Term Debt	458.66	350.17	254.91	326.64	312.85
Current Portion of Leases	37.57	27.43	87.4	66.74	62.1
Current Income Taxes Payable	424.99	382.59	290.74	467.76	1,063
Current Unearned Revenue	581.29	559.8	683.33	1,068	1,458
Other Current Liabilities	3,481	3,541	3,978	3,637	2,763
Total Current Liabilities	6,749	6,591	7,382	7,460	6,942
Long-Term Debt	165.45	485.05	872.84	861.99	621.36
Long-Term Leases	84.86	53.82	171.26	125.87	115.27
Long-Term Deferred Tax Liabilities	221.67	482.81	813.25	965.31	752.57
Other Long-Term Liabilities	695.96	705.61	620.76	627.96	646.75
Total Liabilities	7,917	8,318	9,860	10,041	9,078
Common Stock	0	0	0	0	0
Additional Paid-In Capital	6,514	6,514	6,528	6,607	6,360
Retained Earnings	19,328	19,636	18,356	17,519	14,710
Treasury Stock	-1,050	-56.55	-123.01	-74.78	-94.04
Comprehensive Income & Other	-360.09	-159.48	183.96	-65.28	-54.2
Total Common Equity	24,432	25,933	24,945	23,986	20,921
Minority Interest	1,689	1,474	1,389	1,489	1,482
Shareholders' Equity	26,121	27,407	26,334	25,475	22,403
Total Liabilities & Equity	34,039	35,726	36,195	35,516	31,481
Total Debt	855.23	1,081	1,636	1,501	1,112
Net Cash (Debt)	15,320	17,972	17,510	17,607	16,066
Net Cash Growth	-14.76%	2.64%	-0.55%	9.59%	7.18%
Net Cash Per Share	1.69	1.98	1.93	1.97	1.77
Filing Date Shares Outstanding	8,808	9,067	9,067	9,068	8,905
Total Common Shares Outstanding	8,808	9,067	9,067	9,068	8,905
Working Capital	13,508	15,658	15,172	14,770	13,028
Book Value Per Share	2.77	2.86	2.75	2.65	2.35
Tangible Book Value	24,308	25,807	24,816	23,855	20,788
Tangible Book Value Per Share	2.76	2.85	2.74	2.63	2.33
Land	29.96	30.84	30.9	29.72	29.32
Buildings	6,689	6,491	6,118	5,373	4,706
Machinery	5,570	5,188	4,747	3,864	3,423
Construction In Progress	700.8	599.02	907.76	1,825	1,411

Source: S&P Global Market Intelligence. Standard template. Financial Sources.