Yueyang Forest & Paper 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	619.47	1,049	1,413	1,025	918.27	865.59
Short-Term Investments	-	53.34	-	-	-	-
Cash & Short-Term Investments	619.47	1,103	1,413	1,025	918.27	865.59
Cash Growth	-29.76%	-21.95%	37.88%	11.58%	6.09%	-3.36%
Accounts Receivable	3,202	3,214	2,340	2,466	3,024	2,995
Other Receivables	724.31	665.89	1,050	1,119	812.31	639.13
Receivables	3,926	3,880	3,390	3,585	3,836	3,634
Inventory	5,028	5,060	4,798	5,151	5,226	5,342
Prepaid Expenses	-	0.2	0.51	1.75	0.89	0.87
Other Current Assets	935.24	611.21	521.13	329.55	476.11	204.07
Total Current Assets	10,509	10,654	10,122	10,092	10,458	10,047
Property, Plant & Equipment	8,477	8,493	8,295	6,505	4,001	4,087
Long-Term Investments	243.74	571.95	603.64	80.45	71.01	82.14
Goodwill	1.51	1.51	349.96	449.25	494.62	494.62
Other Intangible Assets	631.88	637.83	664.27	1,201	1,120	1,186
Long-Term Accounts Receivable	-	19.62	158.87	312.08	350.43	450.8
Long-Term Deferred Tax Assets	45.92	46.9	26.6	29.99	29.57	51.24
Long-Term Deferred Charges	30.42	36.21	44.65	82.74	51.44	13.48
Other Long-Term Assets	433.75	74.4	149.19	403.02	47.59	40.12
Total Assets	20,373	20,535	20,415	19,156	16,624	16,453
Accounts Payable	4,764	4,553	4,021	2,933	1,992	1,948
Accrued Expenses	3.04	31.75	58.98	118.66	160.49	177.9
Short-Term Debt	3,894	3,902	4,408	3,408	1,963	2,220
Current Portion of Long-Term Debt	467.43	1,005	100	893.2	193.12	717.27
Current Portion of Leases	-	10.12	13.15	7.15	5.65	2.28
Current Income Taxes Payable	42.5	17.15	6.74	6.82	45.09	43.41
Current Unearned Revenue	369.8	306.1	274.36	337.31	396.52	424.37
Other Current Liabilities	317.45	162.66	352.84	356.51	422.15	366.93
Total Current Liabilities	9,858	9,987	9,235	8,060	5,178	5,901
Long-Term Debt	2,813	2,835	3,173	1,923	2,161	1,732
Long-Term Leases	18.31	20.48	27.74	18.59	13.9	3.33
Long-Term Unearned Revenue	53.57	55.39	34.16	19.35	15.74	22.06
Long-Term Deferred Tax Liabilities	-	-	0.03	14.08	14	-
Other Long-Term Liabilities	24.99	24.99	-	1.08	-	-
Total Liabilities	12,768	12,923	12,470	10,036	7,383	7,658
Common Stock	1,758	1,758	1,766	1,803	1,804	1,804
Additional Paid-In Capital	5,624	5,647	5,704	7,108	5,600	5,564
Retained Earnings	195.22	207.49	485.6	313.02	1,972	1,565
Treasury Stock	-	-	-37.48	-150.27	-179.32	-180.42
Total Common Equity	7,605	7,612	7,918	9,074	9,196	8,753
Minority Interest	-	-	27.29	46.03	44.52	40.99
Shareholders' Equity	7,605	7,612	7,945	9,120	9,241	8,794
Total Liabilities & Equity	20,373	20,535	20,415	19,156	16,624	16,453
Total Debt	7,193	7,772	7,722	6,249	4,336	4,675
Net Cash (Debt)	-6,573	-6,670	-6,309	-5,225	-3,418	-3,810
Net Cash Per Share	-3.93	-3.79	-3.30	-2.73	-1.94	-2.17
Filing Date Shares Outstanding	1,292	1,758	1,758	1,772	1,764	1,764
Total Common Shares Outstanding	1,292	1,758	1,758	1,772	1,764	1,764
Working Capital	650.9	666.42	887.67	2,032	5,280	4,146
Book Value Per Share	5.89	4.33	4.50	5.12	5.21	4.96
Tangible Book Value	6,972	6,973	6,904	7,423	7,581	7,073
Tangible Book Value Per Share	5.40	3.97	3.93	4.19	4.30	4.01
Buildings	-	3,371	2,564	2,708	1,477	1,568
Machinery	-	12,809	10,900	10,473	7,294	7,129
Construction In Progress	-	280.25	2,313	687.83	312.92	236.43

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