Gansu Dunhuang Seed Group 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	1,038	1,020	839.45	783.66	765.47	514.98
Cash & Short-Term Investments	1,038	1,020	839.45	783.66	765.47	514.98
Cash Growth	33.09%	21.52%	7.12%	2.38%	48.64%	2.66%
Accounts Receivable	57.5	46.41	42.14	60.64	77.55	102.11
Other Receivables	7.69	6.06	15.42	13.2	131.44	22.39
Receivables	65.19	52.48	57.56	73.85	208.99	124.51
Inventory	283.19	512.9	518.88	443.81	363.57	302.06
Other Current Assets	24.01	11.08	19.34	23.99	22.17	28.75
Total Current Assets	1,411	1,597	1,435	1,325	1,360	970.3
Property, Plant & Equipment	322.67	332.79	366.26	398.02	410.04	449.06
Long-Term Investments	19.67	19.67	14.65	16.27	16.78	15.94
Goodwill	0.58	0.58	0.58	0.58	0.58	0.58
Other Intangible Assets	103.39	105.33	112.14	113.34	127.29	128.68
Long-Term Deferred Tax Assets	20.85	20.64	11.33	12.61	19.52	10.18
Long-Term Deferred Charges	41.63	42.35	45.43	14.79	11.64	12.03
Other Long-Term Assets	9.72	7.95	8.47	37.33	1.08	0.77
Total Assets	1,929	2,126	1,994	1,918	1,947	1,588
Accounts Payable	36.91	66.6	77.43	96.37	87.05	89.17
Accrued Expenses	32.57	32.79	71.22	73.01	109.54	84.91
Short-Term Debt	135.75	154.42	264.33	409.87	457.07	460.06
Current Portion of Long-Term Debt	6.56	6.56	-	-	-	-
Current Portion of Leases	-	-	8.26	8.24	7.11	7.08
Current Income Taxes Payable	88.63	19.08	12.64	15.44	8.06	6.2
Current Unearned Revenue	242.13	785.67	588.09	391.73	292.89	149.99
Other Current Liabilities	236.23	63.06	17.25	28.17	156.57	22.07
Total Current Liabilities	778.78	1,128	1,039	1,023	1,118	819.49
Long-Term Leases	31.85	32.6	41.42	46.71	44.74	49.61
Long-Term Unearned Revenue	35.91	37.24	41.77	38.02	36.81	32.55
Other Long-Term Liabilities	118.13	21.03	41.6	37.42	17.21	23.62
Total Liabilities	964.67	1,219	1,164	1,145	1,217	925.27
Common Stock	527.8	527.8	527.8	527.8	527.8	527.8
Additional Paid-In Capital	954.62	954.62	954.62	954.62	954.62	951.27
Retained Earnings	-742.13	-789.38	-836.63	-882.61	-841.25	-861.25
Comprehensive Income & Other	8.17	8.17	5.95	-1.43	-0.92	-1.76
Total Common Equity	748.46	701.21	651.75	598.38	640.27	616.06
Minority Interest	216.05	205.6	178.33	174.9	89.81	46.22
Shareholders' Equity	964.51	906.81	830.08	773.28	730.07	662.27
Total Liabilities & Equity	1,929	2,126	1,994	1,918	1,947	1,588
Total Debt	174.16	193.58	314.01	464.82	508.93	516.76
Net Cash (Debt)	864.11	826.51	525.44	318.84	256.55	-1.77
Net Cash Growth	94.00%	57.30%	64.80%	24.28%	-	-
Net Cash Per Share	1.64	1.57	1.00	0.60	0.49	-0.00
Filing Date Shares Outstanding	527.93	527.73	527.8	527.8	527.8	527.8
Total Common Shares Outstanding	527.93	527.73	527.8	527.8	527.8	527.8
Working Capital	631.89	468.37	396.02	302.48	241.9	150.82
Book Value Per Share	1.42	1.33	1.23	1.13	1.21	1.17
Tangible Book Value	644.49	595.3	539.03	484.45	512.39	486.79
Tangible Book Value Per Share	1.22	1.13	1.02	0.92	0.97	0.92
Buildings	-	-	514.91	514.75	506.09	508.78
Machinery	-	-	566.32	560.79	564.39	562.8
Construction In Progress	-	-	0.05	-	2.2	5.76

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