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 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	687.89	506.33	444.98	425.78	529.52	244.11
Short-Term Investments	-	73.73	249.78	-	-	11.44
Trading Asset Securities	994.35	1,127	815.72	795.99	502.74	-
Cash & Short-Term Investments	1,682	1,707	1,510	1,222	1,032	255.55
Cash Growth	21.00%	13.01%	23.63%	18.36%	303.93%	-36.72%
Accounts Receivable	231.01	178.85	89.52	73.01	81.64	64.68
Other Receivables	26.82	16.38	13.45	9.59	9.28	5.4
Receivables	257.82	195.24	102.97	82.61	90.92	70.08
Inventory	274.92	210.66	145.47	143.31	162.95	128.55
Other Current Assets	194.1	159.66	186.49	142.87	142.05	168.49
Total Current Assets	2,409	2,273	1,945	1,591	1,428	622.67
Property, Plant & Equipment	1,171	1,172	1,082	1,052	1,071	1,097
Long-Term Investments	111.23	110.12	71.81	48.68	31.08	25.45
Goodwill	20.86	-	-	-	-	0.26
Other Intangible Assets	123.7	98.22	101.75	104.72	92.6	96.82
Long-Term Accounts Receivable	46.99	46.46	54.25	29.18	32.29	35.26
Long-Term Deferred Tax Assets	56.46	69.7	66.92	66.33	59.59	61.97
Long-Term Deferred Charges	16.85	18.2	6.65	9.86	11.8	16.42
Other Long-Term Assets	134.65	87.25	3.09	2.32	17.61	53.73
Total Assets	4,090	3,875	3,332	2,903	2,744	2,010
Accounts Payable	130.48	104.13	113.66	69.35	143.3	128.1
Accrued Expenses	30.85	94.19	78.09	106.21	91.91	126.32
Short-Term Debt	1,054	928.21	483.75	59.81	-	79.93
Current Portion of Leases	23.35	23.17	15	11.56	11.58	6.94
Current Income Taxes Payable	27.47	11.44	9.58	12.16	7.08	18.74
Current Unearned Revenue	199.32	196.4	177.06	138.34	79.03	54.29
Other Current Liabilities	227.21	219.52	213.1	230.44	199.55	196.27
Total Current Liabilities	1,693	1,577	1,090	627.88	532.45	610.6
Long-Term Leases	60.44	65.16	60.01	39.73	39.07	41.37
Long-Term Unearned Revenue	135.72	137.96	144.75	133.35	139.33	130.83
Long-Term Deferred Tax Liabilities	25.76	26.26	24.38	18.39	16.86	17.44
Other Long-Term Liabilities	36.91	-	-	-	-	-
Total Liabilities	1,952	1,806	1,319	819.34	727.7	800.23
Common Stock	412	413.51	414.26	412	412	370
Additional Paid-In Capital	773.69	-	-	715.3	-	136.62
Retained Earnings	947.47	863.04	841.63	949	926.44	704.6
Treasury Stock	-	-14.13	-22.16	-	-	-
Comprehensive Income & Other	-0.62	785.36	769.95	0.27	686.26	0.31
Total Common Equity	2,133	2,048	2,004	2,077	2,025	1,212
Minority Interest	6.4	20.49	8.98	7.47	-8.14	-2.14
Shareholders' Equity	2,139	2,068	2,013	2,084	2,017	1,209
Total Liabilities & Equity	4,090	3,875	3,332	2,903	2,744	2,010
Total Debt	1,138	1,017	558.76	111.1	50.65	128.24
Net Cash (Debt)	544.45	690.41	951.71	1,111	981.62	127.32
Net Cash Growth	3.58%	-27.46%	-14.31%	13.15%	671.00%	-54.16%
Net Cash Per Share	1.32	1.67	2.31	2.70	2.58	0.34
Filing Date Shares Outstanding	412	413.51	414.26	412	412	370
Total Common Shares Outstanding	412	413.51	414.26	412	412	370
Working Capital	716.4	695.44	855.17	962.69	895.73	12.08
Book Value Per Share	5.18	4.95	4.84	5.04	4.91	3.27
Tangible Book Value	1,988	1,950	1,902	1,972	1,932	1,114
Tangible Book Value Per Share	4.83	4.71	4.59	4.79	4.69	3.01
Buildings	-	1,080	871.77	862.23	871.6	858.83
Machinery	-	569.3	509.32	454.61	417.94	378.93
Construction In Progress	-	14.1	127.16	41.77	15.66	14.67