Angel Yeast Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,321	2,813	1,380	1,195	1,292	1,297
Short-Term Investments	-	61.75	41.42	-	-	-
Trading Asset Securities	10	20	-	-	-	-
Cash & Short-Term Investments	2,331	2,895	1,421	1,195	1,292	1,297
Cash Growth	72.88%	103.71%	18.93%	-7.54%	-0.38%	17.10%
Accounts Receivable	2,774	2,576	2,599	2,116	1,765	1,377
Other Receivables	40.61	9.81	151.85	171.8	2.04	3.52
Receivables	2,814	2,586	2,751	2,288	1,767	1,381
Inventory	5,213	5,105	4,282	3,818	3,007	2,251
Prepaid Expenses	-	95.76	76.15	63.4	19.49	16.39
Other Current Assets	1,147	967.55	984.5	846.53	580.83	522.7
Total Current Assets	11,505	11,650	9,514	8,211	6,667	5,468
Property, Plant & Equipment	12,074	11,929	10,659	9,425	8,495	6,605
Long-Term Investments	66.13	60.82	43.38	21.98	24.88	-
Goodwill	202.29	202.29	36.26	36.26	36.26	36.26
Other Intangible Assets	801.24	788.43	672.31	668.81	609.69	531.91
Long-Term Accounts Receivable	674.26	560.67	556.11	518.36	730.06	400.85
Long-Term Deferred Tax Assets	96.81	94.8	89.85	88.37	81.65	78.84
Long-Term Deferred Charges	5.42	6.31	4.83	3.74	8.16	13.13
Other Long-Term Assets	230.4	166.03	157.37	332.58	280.72	311.84
Total Assets	25,655	25,458	21,733	19,306	16,933	13,446
Accounts Payable	1,982	2,289	2,222	1,900	1,923	1,478
Accrued Expenses	137.52	365.36	361.34	332	281.47	257.4
Short-Term Debt	3,580	4,573	3,598	2,904	2,515	2,035
Current Portion of Long-Term Debt	1,555	1,464	763.06	481.64	1,438	145.25
Current Portion of Leases	-	15.46	17.65	17.64	13.46	12.8
Current Income Taxes Payable	223.04	158.76	123.83	141.68	102.38	69.22
Current Unearned Revenue	239.67	320.3	226.07	217.92	133.58	169.22
Other Current Liabilities	343.2	473.18	468.04	253.71	297.55	302.29
Total Current Liabilities	8,061	9,659	7,780	6,249	6,705	4,469
Long-Term Debt	3,294	2,069	2,060	2,020	309.51	1,468
Long-Term Leases	106.15	8.29	6.17	10.81	11.2	7.58
Long-Term Unearned Revenue	567.11	567.27	447.15	313.95	162.06	150.97
Long-Term Deferred Tax Liabilities	93.46	82.19	87.56	82.46	109.27	121.18
Other Long-Term Liabilities	174.44	174.44	13	13	27.97	28.31
Total Liabilities	12,296	12,561	10,394	8,689	7,325	6,245
Common Stock	867.93	867.98	868.64	868.75	868.97	832.86
Additional Paid-In Capital	2,341	2,327	2,265	2,455	2,373	928.53
Retained Earnings	9,880	9,454	8,395	7,506	6,671	5,766
Treasury Stock	-160.16	-160.9	-236.47	-272.17	-191.94	-209.09
Comprehensive Income & Other	-464.03	-464.03	-464.03	-464.03	-464.03	-464.03
Total Common Equity	12,464	12,023	10,829	10,094	9,257	6,854
Minority Interest	894.74	874.61	510.86	522.42	351.41	346.96
Shareholders' Equity	13,359	12,898	11,339	10,616	9,609	7,201
Total Liabilities & Equity	25,655	25,458	21,733	19,306	16,933	13,446
Total Debt	8,536	8,130	6,445	5,435	4,288	3,668
Net Cash (Debt)	-6,204	-5,235	-5,024	-4,240	-2,995	-2,371
Net Cash Per Share	-7.06	-6.00	-5.84	-4.93	-3.56	-2.88
Filing Date Shares Outstanding	851.85	867.85	868.14	864.58	868.97	824.13
Total Common Shares Outstanding	851.85	867.85	868.14	864.58	868.97	824.13
Working Capital	3,444	1,991	1,734	1,962	-37.87	999.17
Book Value Per Share	14.63	13.85	12.47	11.68	10.65	8.32
Tangible Book Value	11,461	11,033	10,120	9,389	8,611	6,286
Tangible Book Value Per Share	13.45	12.71	11.66	10.86	9.91	7.63
Buildings	-	6,228	5,300	4,554	3,985	2,960
Machinery	-	10,563	9,448	8,292	7,060	6,655
Construction In Progress	-	682.07	823.36	758	1,404	924.49

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