Shanghai Ziyan Foods Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	626.03	444.98	425.78	529.52	244.11	388.1
Short-Term Investments	-	249.78	-	-	11.44	15.75
Trading Asset Securities	965.2	815.72	795.99	502.74	-	-
Cash & Short-Term Investments	1,591	1,510	1,222	1,032	255.55	403.85
Cash Growth	9.47%	23.63%	18.36%	303.93%	-36.72%	32.90%
Accounts Receivable	169.22	89.52	73.01	81.64	64.68	21.99
Other Receivables	38.62	13.45	9.59	9.28	5.4	2.06
Receivables	207.84	102.97	82.61	90.92	70.08	24.05
Inventory	194.94	145.47	143.31	162.95	128.55	93.42
Other Current Assets	384.41	186.49	142.87	142.05	168.49	86.39
Total Current Assets	2,378	1,945	1,591	1,428	622.67	607.71
Property, Plant & Equipment	1,169	1,082	1,052	1,071	1,097	1,124
Long-Term Investments	122.25	71.81	48.68	31.08	25.45	25.14
Goodwill	-	-	-	-	0.26	0.63
Other Intangible Assets	99.08	101.75	104.72	92.6	96.82	105.31
Long-Term Accounts Receivable	48.28	54.25	29.18	32.29	35.26	-
Long-Term Deferred Tax Assets	72.08	66.92	66.33	59.59	61.97	46.17
Long-Term Deferred Charges	13.61	6.65	9.86	11.8	16.42	4.15
Other Long-Term Assets	14.77	3.09	2.32	17.61	53.73	54.28
Total Assets	3,917	3,332	2,903	2,744	2,010	1,968
Accounts Payable	192.35	113.66	69.35	143.3	128.1	108.72
Accrued Expenses	48.16	78.09	106.21	91.91	126.32	168.65
Short-Term Debt	953.05	483.75	59.81	-	79.93	126.08
Current Portion of Leases	27.13	15	11.56	11.58	6.94	-
Current Income Taxes Payable	13.28	9.58	12.16	7.08	18.74	28.49
Current Unearned Revenue	203.27	177.06	138.34	79.03	54.29	28.81
Other Current Liabilities	214.24	213.1	230.44	199.55	196.27	304.41
Total Current Liabilities	1,651	1,090	627.88	532.45	610.6	765.17
Long-Term Leases	67.98	60.01	39.73	39.07	41.37	-
Long-Term Unearned Revenue	150.12	144.75	133.35	139.33	130.83	69.44
Long-Term Deferred Tax Liabilities	24.57	24.38	18.39	16.86	17.44	1.81
Other Long-Term Liabilities	-	-	-	-	-	0.38
Total Liabilities	1,894	1,319	819.34	727.7	800.23	836.8
Common Stock	413.51	414.26	412	412	370	370
Additional Paid-In Capital	781.77	767.9	715.3	-	136.62	106.61
Retained Earnings	820.5	841.63	949	926.44	704.6	654.5
Treasury Stock	-13.61	-22.16	-	-	-	-
Comprehensive Income & Other	2.72	2.05	0.27	686.26	0.31	-
Total Common Equity	2,005	2,004	2,077	2,025	1,212	1,131
Minority Interest	18.24	8.98	7.47	-8.14	-2.14	-0.23
Shareholders' Equity	2,023	2,013	2,084	2,017	1,209	1,131
Total Liabilities & Equity	3,917	3,332	2,903	2,744	2,010	1,968
Total Debt	1,048	558.76	111.1	50.65	128.24	126.08
Net Cash (Debt)	543.07	951.71	1,111	981.62	127.32	277.77
Net Cash Growth	-41.23%	-14.31%	13.15%	671.00%	-54.16%	208.65%
Net Cash Per Share	1.31	2.31	2.70	2.58	0.34	0.75
Filing Date Shares Outstanding	411	414.26	412	412	370	370
Total Common Shares Outstanding	411	414.26	412	412	370	370
Working Capital	726.95	855.17	962.69	895.73	12.08	-157.47
Book Value Per Share	4.88	4.84	5.04	4.91	3.27	3.06
Tangible Book Value	1,906	1,902	1,972	1,932	1,114	1,025
Tangible Book Value Per Share	4.64	4.59	4.79	4.69	3.01	2.77
Buildings	-	871.77	862.23	871.6	858.83	872.59
Machinery	-	479.72	454.61	417.94	378.93	358.71
Construction In Progress	-	127.16	41.77	15.66	14.67	15.36

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.