Pu'er Lancang Ancient Tea 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 2019	FY 2018
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Cash & Equivalents	22.55	65.37	262.31	90.03	162.64	30.31
Short-Term Investments	-	11.25	11.02	11.25	-	-
Trading Asset Securities	44.43	44.43	-	-	-	-
Cash & Short-Term Investments	66.98	121.05	273.34	101.28	162.64	30.31
Cash Growth	-59.67%	-55.71%	169.89%	-37.73%	436.65%	2.70%
Accounts Receivable	42.41	50.66	63.71	23.53	8.7	16.94
Other Receivables	15.49	8.83	2.92	1.06	-0.53	-0.49
Receivables	57.91	59.49	66.63	24.59	8.16	16.45
Inventory	899.77	919.2	857.86	786.69	414.33	382.72
Restricted Cash	-	9	10	-	-	-
Other Current Assets	18.79	4.36	3.93	35.22	7.27	12.99
Total Current Assets	1,043	1,113	1,212	947.77	592.41	442.47
Property, Plant & Equipment	118.6	130.14	319.57	366.26	103.54	90.91
Long-Term Investments	27.92	26.87	27.8	33.38	14.56	13.68
Other Intangible Assets	1.47	1.47	2.61	3.32	5.15	4.33
Long-Term Deferred Tax Assets	46.89	56.15	59.84	53.07	16.96	16.38
Long-Term Deferred Charges	-	-	-	-	3.65	3.69
Other Long-Term Assets	12.5	13.95	6.39	7.1	0.02	1.7
Total Assets	1,251	1,342	1,628	1,411	736.3	573.16
Accounts Payable	60.97	144.34	112.84	120.91	44.95	48.92
Accrued Expenses	4.44	7.78	20.69	21.27	12.27	13.99
Short-Term Debt	257.73	227.7	53	33	4.5	30
Current Portion of Long-Term Debt	116.7	3.2	79.2	101.9	49.4	12.5
Current Portion of Leases	24.9	33.27	31.28	30.46	-	-
Current Income Taxes Payable	0.37	2.17	5.5	13.45	3.93	4.07
Current Unearned Revenue	27.62	26.21	16.67	4.94	-	-
Other Current Liabilities	42.33	42.3	66.18	60.61	50.92	60.57
Total Current Liabilities	535.06	486.97	385.36	386.53	165.97	170.06
Long-Term Debt	-	95.1	118.3	76.3	77.05	56
Long-Term Leases	63.53	77.08	103.48	138.75	-	-
Long-Term Unearned Revenue	9.38	9.8	10.54	9.14	9.58	10.43
Long-Term Deferred Tax Liabilities	-	-	-	0.91	-	-
Total Liabilities	607.97	668.95	617.67	611.63	252.6	236.49
Common Stock	126	126	84	63	60	54
Additional Paid-In Capital	-	384.72	426.72	303.74	277.64	203.84
Retained Earnings	61.25	140.03	478.65	404.87	146.05	78.82
Comprehensive Income & Other	455.43	21.12	19.03	22.63	-	-
Total Common Equity	642.69	671.87	1,008	794.24	483.7	336.67
Minority Interest	0.17	0.87	1.91	5.03	-	-
Shareholders' Equity	642.85	672.73	1,010	799.27	483.7	336.67
Total Liabilities & Equity	1,251	1,342	1,628	1,411	736.3	573.16
Total Debt	462.85	436.34	385.26	380.41	130.95	98.5
Net Cash (Debt)	-395.87	-315.3	-111.93	-279.14	31.69	-68.19
Net Cash Per Share	-2.75	-2.50	-1.17	-2.95	0.38	-0.86
Filing Date Shares Outstanding	126	126	126	94.5	90	79.3
Total Common Shares Outstanding	126	126	126	94.5	90	79.3
Working Capital	508.39	626.13	826.41	561.24	426.44	272.41
Book Value Per Share	5.10	5.33	8.00	8.40	5.37	4.25
Tangible Book Value	641.22	670.4	1,006	790.92	478.54	332.34
Tangible Book Value Per Share	5.09	5.32	7.98	8.37	5.32	4.19
Buildings	-	-	-	-	93.98	-
Machinery	-	266.95	220.16	208.55	15.3	-
Construction In Progress	-	3.48	6.32	2.17	16.93	-

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