Pu'er Lancang Ancient Tea Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Cash & Equivalents	86.4	77.93	76.7	262.31	90.03	162.64
Short-Term Investments	-	41.82	-	11.02	11.25	-
Trading Asset Securities	-	-	44.43	-	-	-
Cash & Short-Term Investments	86.4	119.75	121.13	273.34	101.28	162.64
Cash Growth	28.98%	-1.14%	-55.68%	169.89%	-37.73%	436.65%
Accounts Receivable	26.44	21.22	49.95	63.71	23.53	8.7
Other Receivables	13.21	9.56	12.23	2.92	1.06	-0.53
Receivables	39.65	30.78	62.18	66.63	24.59	8.16
Inventory	894.66	893.83	903.36	857.86	786.69	414.33
Prepaid Expenses	-	0.02	-	-	-	-
Restricted Cash	-	-	-	10	-	-
Other Current Assets	40.22	22.4	30.42	3.93	35.22	7.27
Total Current Assets	1,061	1,067	1,117	1,212	947.77	592.41
Property, Plant & Equipment	95.7	94.41	97.23	319.57	366.26	103.54
Long-Term Investments	24.04	25.57	26.87	27.8	33.38	14.56
Other Intangible Assets	25.63	26.29	25.3	2.61	3.32	5.15
Long-Term Deferred Tax Assets	45.84	38.38	82.05	59.84	53.07	16.96
Long-Term Deferred Charges	4.26	6.45	9.09	-	-	3.65
Other Long-Term Assets	-	0.19	13.95	6.39	7.1	0.02
Total Assets	1,256	1,258	1,372	1,628	1,411	736.3

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Accounts Payable	95.35	80.33	142.63	112.84	120.91	44.95
Accrued Expenses	20.24	34	10.28	20.69	21.27	12.27
Short-Term Debt	134.1	256.4	228.04	53	33	4.5
Current Portion of Long-Term Debt	22.28	49.94	3.2	79.2	101.9	49.4
Current Portion of Leases	-	15.24	33.27	31.28	30.46	-
Current Income Taxes Payable	0.02	0	2.15	5.5	13.45	3.93
Current Unearned Revenue	6.49	8.74	26.21	16.67	4.94	-
Other Current Liabilities	150.53	43.72	45.19	66.18	60.61	50.92
Total Current Liabilities	429.01	488.35	490.97	385.36	386.53	165.97
Long-Term Debt	116.45	84	95.1	118.3	76.3	77.05
Long-Term Leases	42.9	40.7	77.08	103.48	138.75	-
Long-Term Unearned Revenue	8.3	8.64	9.8	10.54	9.14	9.58
Long-Term Deferred Tax Liabilities	2.2	2.12	25.9	-	0.91	-
Other Long-Term Liabilities	21.8	0.65	-	-	-	-
Total Liabilities	620.65	624.46	698.84	617.67	611.63	252.6

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Common Stock	150	150	126	84	63	60
Additional Paid-In Capital	-	410.75	382.51	426.72	303.74	277.64
Retained Earnings	51.44	49.02	140.03	478.65	404.87	146.05
Comprehensive Income & Other	434.4	24.04	23.33	19.03	22.63	-
Total Common Equity	635.83	633.8	671.87	1,008	794.24	483.7
Minority Interest	-0.09	-0.19	0.86	1.91	5.03	-
Shareholders' Equity	635.74	633.61	672.73	1,010	799.27	483.7
Total Liabilities & Equity	1,256	1,258	1,372	1,628	1,411	736.3

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Total Debt	315.73	446.27	436.68	385.26	380.41	130.95
Net Cash (Debt)	-229.33	-326.52	-315.55	-111.93	-279.14	31.69
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.59	-2.47	-2.50	-1.17	-2.95	0.38
Filing Date Shares Outstanding	150	150	126	126	94.5	90
Total Common Shares Outstanding	150	150	126	126	94.5	90
Working Capital	631.92	578.43	626.13	826.41	561.24	426.44
Book Value Per Share	4.24	4.23	5.33	8.00	8.40	5.37
Tangible Book Value	610.2	607.51	646.56	1,006	790.92	478.54
Tangible Book Value Per Share	4.07	4.05	5.13	7.98	8.37	5.32
Buildings	-	96.86	85.57	-	-	93.98
Machinery	-	33.51	32.73	220.16	208.55	15.3
Construction In Progress	-	1.97	1.45	6.32	2.17	16.93