Qianhe Condiment and Food 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	747.99	1,288	1,466	1,594	409.28	196.96
Short-Term Investments	-	-	30	-	-	-
Trading Asset Securities	430	-	10	10	410	160
Cash & Short-Term Investments	1,178	1,288	1,506	1,604	819.28	356.96
Cash Growth	-14.81%	-14.50%	-6.11%	95.78%	129.52%	-29.66%
Accounts Receivable	105.59	102.57	138.59	136.88	201.17	145.41
Other Receivables	15.36	11.46	9.69	9.24	11.54	10.54
Receivables	120.95	114.03	148.28	146.12	362.71	155.95
Inventory	891.75	970.98	892.53	748.67	595.32	585.31
Other Current Assets	122.24	46.21	24.51	37.63	25.05	40.99
Total Current Assets	2,313	2,419	2,571	2,536	1,802	1,139
Property, Plant & Equipment	1,683	1,719	1,751	1,544	1,234	1,127
Other Intangible Assets	115.15	115.87	118.98	123.81	97.68	103.32
Long-Term Deferred Tax Assets	33.36	33.39	34.92	35.61	23.39	17.94
Long-Term Deferred Charges	1.23	1.31	-	-	-	-
Other Long-Term Assets	5.4	5.11	3.96	27.52	13.67	10.05
Total Assets	4,151	4,293	4,480	4,268	3,172	2,398
Accounts Payable	285	389.93	247.23	192.41	192.97	85.64
Accrued Expenses	29.78	33.1	143.57	168.37	162.31	100.74
Short-Term Debt	-	86.27	70.05	-	65	-
Current Portion of Long-Term Debt	0.01	0.01	-	-	-	-
Current Portion of Leases	-	-	0.01	0.04	0.26	0.61
Current Income Taxes Payable	28.41	10.9	24.69	37.95	32.88	14.38
Current Unearned Revenue	127.07	236.98	162.38	95.84	214.91	54.67
Other Current Liabilities	65.29	66	79.4	68.56	107.81	19.62
Total Current Liabilities	535.56	823.19	727.34	563.17	776.13	275.68
Long-Term Debt	-	-	0.09	-	-	-
Long-Term Leases	0.06	0.06	0.02	0.04	0.07	0.43
Long-Term Unearned Revenue	87.13	89.53	90.93	42.73	35.59	40.33
Long-Term Deferred Tax Liabilities	14.66	14.76	13.42	9.49	6.78	7.17
Other Long-Term Liabilities	0.1	0.1	-	-	-	-
Total Liabilities	637.51	927.63	831.81	615.43	818.57	323.6
Common Stock	1,333	1,333	1,028	1,028	965.47	798.78
Additional Paid-In Capital	533.21	533.21	871.53	878	90.5	199.27
Retained Earnings	1,660	1,512	1,780	1,779	1,353	1,076
Treasury Stock	-12.64	-12.64	-30.57	-32.68	-56.06	-
Shareholders' Equity	3,514	3,366	3,648	3,652	2,353	2,074
Total Liabilities & Equity	4,151	4,293	4,480	4,268	3,172	2,398
Total Debt	0.07	86.34	70.18	0.08	65.33	1.04
Net Cash (Debt)	1,178	1,201	1,436	1,604	753.95	355.92
Net Cash Growth	-10.27%	-16.34%	-10.48%	112.74%	111.83%	-29.86%
Net Cash Per Share	0.89	0.90	1.08	1.24	0.60	0.29
Filing Date Shares Outstanding	1,331	1,332	1,336	1,336	1,255	1,246
Total Common Shares Outstanding	1,331	1,332	1,336	1,336	1,255	1,246
Working Capital	1,777	1,596	1,844	1,973	1,026	863.54
Book Value Per Share	2.64	2.53	2.73	2.73	1.87	1.66
Tangible Book Value	3,399	3,250	3,529	3,529	2,255	1,971
Tangible Book Value Per Share	2.55	2.44	2.64	2.64	1.80	1.58
Buildings	-	-	746.27	654.9	489.71	383.07
Machinery	-	-	1,559	1,247	877.81	860.16
Construction In Progress	-	-	173.51	247.59	351.55	284.08

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