Angel Yeast 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 2021
Period Ending	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	2,813	1,380	1,195	1,292	1,297
Short-Term Investments	61.75	41.42	-	-	-
Trading Asset Securities	20	-	-	-	-
Cash & Short-Term Investments	2,895	1,421	1,195	1,292	1,297
Cash Growth	103.71%	18.93%	-7.54%	-0.38%	17.10%
Accounts Receivable	2,576	2,599	2,116	1,765	1,377
Other Receivables	9.81	151.85	171.8	2.04	3.52
Receivables	2,586	2,751	2,288	1,767	1,381
Inventory	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	967.55	984.5	846.53	580.83	522.7
Total Current Assets	11,650	9,514	8,211	6,667	5,468
Property, Plant & Equipment	11,929	10,659	9,425	8,495	6,605
Long-Term Investments	60.82	43.38	21.98	24.88	-
Goodwill	202.29	36.26	36.26	36.26	36.26
Other Intangible Assets	788.43	672.31	668.81	609.69	531.91
Long-Term Accounts Receivable	560.67	556.11	518.36	730.06	400.85
Long-Term Deferred Tax Assets	94.8	89.85	88.37	81.65	78.84
Long-Term Deferred Charges	6.31	4.83	3.74	8.16	13.13
Other Long-Term Assets	166.03	157.37	332.58	280.72	311.84
Total Assets	25,458	21,733	19,306	16,933	13,446
Accounts Payable	2,289	2,222	1,900	1,923	1,478
Accrued Expenses	365.36	361.34	332	281.47	257.4
Short-Term Debt	4,573	3,598	2,904	2,515	2,035
Current Portion of Long-Term Debt	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	158.76	123.83	141.68	102.38	69.22
Current Unearned Revenue	320.3	226.07	217.92	133.58	169.22
Other Current Liabilities	473.18	468.04	253.71	297.55	302.29
Total Current Liabilities	9,659	7,780	6,249	6,705	4,469
Long-Term Debt	2,069	2,060	2,020	309.51	1,468
Long-Term Leases	8.29	6.17	10.81	11.2	7.58
Long-Term Unearned Revenue	567.27	447.15	313.95	162.06	150.97
Long-Term Deferred Tax Liabilities	82.19	87.56	82.46	109.27	121.18
Other Long-Term Liabilities	174.44	13	13	27.97	28.31
Total Liabilities	12,561	10,394	8,689	7,325	6,245
Common Stock	867.98	868.64	868.75	868.97	832.86
Additional Paid-In Capital	2,327	2,265	2,455	2,373	928.53
Retained Earnings	9,454	8,395	7,506	6,671	5,766
Treasury Stock	-160.9	-236.47	-272.17	-191.94	-209.09
Comprehensive Income & Other	-464.03	-464.03	-464.03	-464.03	-464.03
Total Common Equity	12,023	10,829	10,094	9,257	6,854
Minority Interest	874.61	510.86	522.42	351.41	346.96
Shareholders' Equity	12,898	11,339	10,616	9,609	7,201
Total Liabilities & Equity	25,458	21,733	19,306	16,933	13,446
Total Debt	8,130	6,445	5,435	4,288	3,668
Net Cash (Debt)	-5,235	-5,024	-4,240	-2,995	-2,371
Net Cash Per Share	-6.00	-5.84	-4.93	-3.56	-2.88
Filing Date Shares Outstanding	867.85	868.14	864.58	868.97	824.13
Total Common Shares Outstanding	867.85	868.14	864.58	868.97	824.13
Working Capital	1,991	1,734	1,962	-37.87	999.17
Book Value Per Share	13.85	12.47	11.68	10.65	8.32
Tangible Book Value	11,033	10,120	9,389	8,611	6,286
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.