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	53.94	65.37	262.31	90.03	162.64
Short-Term Investments	-	11.25	11.02	11.25	-
Trading Asset Securities	-	44.43	-	-	-
Cash & Short-Term Investments	53.94	121.05	273.34	101.28	162.64
Cash Growth	-55.44%	-55.71%	169.89%	-37.73%	436.65%
Accounts Receivable	21.22	50.66	63.71	23.53	8.7
Other Receivables	10.88	8.83	2.92	1.06	-0.53
Receivables	32.11	59.49	66.63	24.59	8.16
Inventory	893.83	919.2	857.86	786.69	414.33
Restricted Cash	23.06	9	10	-	-
Other Current Assets	63.84	4.36	3.93	35.22	7.27
Total Current Assets	1,067	1,113	1,212	947.77	592.41
Property, Plant & Equipment	94.41	130.14	319.57	366.26	103.54
Long-Term Investments	25.57	26.87	27.8	33.38	14.56
Other Intangible Assets	26.29	1.47	2.61	3.32	5.15
Long-Term Deferred Tax Assets	38.38	56.15	59.84	53.07	16.96
Long-Term Deferred Charges	6.45	-	-	-	3.65
Other Long-Term Assets	0.19	13.95	6.39	7.1	0.02
Total Assets	1,258	1,342	1,628	1,411	736.3
Accounts Payable	80.33	144.34	112.84	120.91	44.95
Accrued Expenses	22.64	7.78	20.69	21.27	12.27
Short-Term Debt	154.29	227.7	53	33	4.5
Current Portion of Long-Term Debt	65.18	3.2	79.2	101.9	49.4
Current Portion of Leases	-	33.27	31.28	30.46	-
Current Income Taxes Payable	0	2.17	5.5	13.45	3.93
Current Unearned Revenue	8.74	26.21	16.67	4.94	-
Other Current Liabilities	157.19	42.3	66.18	60.61	50.92
Total Current Liabilities	488.35	486.97	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	-	-	0.91	-
Other Long-Term Liabilities	0.65	-	-	-	-
Total Liabilities	624.46	668.95	617.67	611.63	252.6
Common Stock	150	126	84	63	60
Additional Paid-In Capital	-	384.72	426.72	303.74	277.64
Retained Earnings	49.02	140.03	478.65	404.87	146.05
Comprehensive Income & Other	434.78	21.12	19.03	22.63	-
Total Common Equity	633.8	671.87	1,008	794.24	483.7
Minority Interest	-0.19	0.87	1.91	5.03	-
Shareholders' Equity	633.61	672.73	1,010	799.27	483.7
Total Liabilities & Equity	1,258	1,342	1,628	1,411	736.3
Total Debt	344.16	436.34	385.26	380.41	130.95
Net Cash (Debt)	-290.22	-315.3	-111.93	-279.14	31.69
Net Cash Per Share	-2.20	-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	670.4	1,006	790.92	478.54
Tangible Book Value Per Share	4.05	5.32	7.98	8.37	5.32
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.