Shanghai Ziyan Foods Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,395	506.33	444.98	425.78	529.52	244.11
Short-Term Investments	24.17	73.73	249.78	-	-	11.44
Trading Asset Securities	576.09	1,127	815.72	795.99	502.74	-
Cash & Short-Term Investments	1,995	1,707	1,510	1,222	1,032	255.55
Cash Growth	12.30%	13.01%	23.63%	18.36%	303.93%	-36.72%
Accounts Receivable	262.99	178.85	89.52	73.01	81.64	64.68
Other Receivables	19.04	16.38	13.45	9.59	9.28	5.4
Receivables	282.04	195.24	102.97	82.61	90.92	70.08
Inventory	348.61	210.66	145.47	143.31	162.95	128.55
Other Current Assets	217.63	159.66	186.49	142.87	142.05	168.49
Total Current Assets	2,843	2,273	1,945	1,591	1,428	622.67
Property, Plant & Equipment	1,426	1,172	1,082	1,052	1,071	1,097
Long-Term Investments	119.21	110.12	71.81	48.68	31.08	25.45
Goodwill	20.86	-	-	-	-	0.26
Other Intangible Assets	124.28	98.22	101.75	104.72	92.6	96.82
Long-Term Accounts Receivable	45.98	46.46	54.25	29.18	32.29	35.26
Long-Term Deferred Tax Assets	82.52	69.7	66.92	66.33	59.59	61.97
Long-Term Deferred Charges	14.9	18.2	6.65	9.86	11.8	16.42
Other Long-Term Assets	159.35	87.25	3.09	2.32	17.61	53.73
Total Assets	4,837	3,875	3,332	2,903	2,744	2,010

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	185.56	104.13	113.66	69.35	143.3	128.1
Accrued Expenses	118.88	94.19	78.09	106.21	91.91	126.32
Short-Term Debt	1,686	928.21	483.75	59.81	-	79.93
Current Portion of Leases	18.68	23.17	15	11.56	11.58	6.94
Current Income Taxes Payable	16.9	11.44	9.58	12.16	7.08	18.74
Current Unearned Revenue	180.78	196.4	177.06	138.34	79.03	54.29
Other Current Liabilities	246.54	219.52	213.1	230.44	199.55	196.27
Total Current Liabilities	2,453	1,577	1,090	627.88	532.45	610.6
Long-Term Leases	52.82	65.16	60.01	39.73	39.07	41.37
Long-Term Unearned Revenue	135.2	137.96	144.75	133.35	139.33	130.83
Long-Term Deferred Tax Liabilities	22.48	26.26	24.38	18.39	16.86	17.44
Other Long-Term Liabilities	37.4	-	-	-	-	-
Total Liabilities	2,701	1,806	1,319	819.34	727.7	800.23

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	415.12	413.51	414.26	412	412	370
Additional Paid-In Capital	812.19	-	-	715.3	-	136.62
Retained Earnings	931.18	863.04	841.63	949	926.44	704.6
Treasury Stock	-39.53	-14.13	-22.16	-	-	-
Comprehensive Income & Other	-6.14	785.36	769.95	0.27	686.26	0.31
Total Common Equity	2,113	2,048	2,004	2,077	2,025	1,212
Minority Interest	22.85	20.49	8.98	7.47	-8.14	-2.14
Shareholders' Equity	2,136	2,068	2,013	2,084	2,017	1,209
Total Liabilities & Equity	4,837	3,875	3,332	2,903	2,744	2,010

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,757	1,017	558.76	111.1	50.65	128.24
Net Cash (Debt)	237.62	690.41	951.71	1,111	981.62	127.32
Net Cash Growth	-69.29%	-27.46%	-14.31%	13.15%	671.00%	-54.16%
Net Cash Per Share	0.58	1.67	2.31	2.70	2.58	0.34
Filing Date Shares Outstanding	415.12	413.51	414.26	412	412	370
Total Common Shares Outstanding	415.12	413.51	414.26	412	412	370
Working Capital	390.05	695.44	855.17	962.69	895.73	12.08
Book Value Per Share	5.09	4.95	4.84	5.04	4.91	3.27
Tangible Book Value	1,968	1,950	1,902	1,972	1,932	1,114
Tangible Book Value Per Share	4.74	4.71	4.59	4.79	4.69	3.01
Buildings	1,086	1,080	871.77	862.23	871.6	858.83
Machinery	589.14	569.3	509.32	454.61	417.94	378.93
Construction In Progress	311.26	14.1	127.16	41.77	15.66	14.67