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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
Period Ending	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	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	119.75	121.13	273.34	101.28	162.64
Cash Growth	-1.14%	-55.68%	169.89%	-37.73%	436.65%
Accounts Receivable	21.22	49.95	63.71	23.53	8.7
Other Receivables	9.56	12.23	2.92	1.06	-0.53
Receivables	30.78	62.18	66.63	24.59	8.16
Inventory	893.83	903.36	857.86	786.69	414.33
Prepaid Expenses	0.02	-	-	-	-
Restricted Cash	-	-	10	-	-
Other Current Assets	22.4	30.42	3.93	35.22	7.27
Total Current Assets	1,067	1,117	1,212	947.77	592.41
Property, Plant & Equipment	94.41	97.23	319.57	366.26	103.54
Long-Term Investments	25.57	26.87	27.8	33.38	14.56
Other Intangible Assets	26.29	25.3	2.61	3.32	5.15
Long-Term Deferred Tax Assets	38.38	82.05	59.84	53.07	16.96
Long-Term Deferred Charges	6.45	9.09	-	-	3.65
Other Long-Term Assets	0.19	13.95	6.39	7.1	0.02
Total Assets	1,258	1,372	1,628	1,411	736.3
Accounts Payable	80.33	142.63	112.84	120.91	44.95
Accrued Expenses	34	10.28	20.69	21.27	12.27
Short-Term Debt	256.4	228.04	53	33	4.5
Current Portion of Long-Term Debt	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	2.15	5.5	13.45	3.93
Current Unearned Revenue	8.74	26.21	16.67	4.94	-
Other Current Liabilities	43.72	45.19	66.18	60.61	50.92
Total Current Liabilities	488.35	490.97	385.36	386.53	165.97
Long-Term Debt	84	95.1	118.3	76.3	77.05
Long-Term Leases	40.7	77.08	103.48	138.75	-
Long-Term Unearned Revenue	8.64	9.8	10.54	9.14	9.58
Long-Term Deferred Tax Liabilities	2.12	25.9	-	0.91	-
Other Long-Term Liabilities	0.65	-	-	-	-
Total Liabilities	624.46	698.84	617.67	611.63	252.6
Common Stock	150	126	84	63	60
Additional Paid-In Capital	410.75	382.51	426.72	303.74	277.64
Retained Earnings	49.02	140.03	478.65	404.87	146.05
Comprehensive Income & Other	24.04	23.33	19.03	22.63	-
Total Common Equity	633.8	671.87	1,008	794.24	483.7
Minority Interest	-0.19	0.86	1.91	5.03	-
Shareholders' Equity	633.61	672.73	1,010	799.27	483.7
Total Liabilities & Equity	1,258	1,372	1,628	1,411	736.3
Total Debt	446.27	436.68	385.26	380.41	130.95
Net Cash (Debt)	-326.52	-315.55	-111.93	-279.14	31.69
Net Cash Per Share	-2.47	-2.50	-1.17	-2.95	0.38
Filing Date Shares Outstanding	150	126	126	94.5	90
Total Common Shares Outstanding	150	126	126	94.5	90
Working Capital	578.43	626.13	826.41	561.24	426.44
Book Value Per Share	4.23	5.33	8.00	8.40	5.37
Tangible Book Value	607.51	646.56	1,006	790.92	478.54
Tangible Book Value Per Share	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