Shanghai Ziyan Foods Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	506.33	444.98	425.78	529.52	244.11
Short-Term Investments	-	249.78	-	-	11.44
Trading Asset Securities	1,127	815.72	795.99	502.74	-
Cash & Short-Term Investments	1,633	1,510	1,222	1,032	255.55
Cash Growth	8.13%	23.63%	18.36%	303.93%	-36.72%
Accounts Receivable	178.85	89.52	73.01	81.64	64.68
Other Receivables	16.38	13.45	9.59	9.28	5.4
Receivables	195.24	102.97	82.61	90.92	70.08
Inventory	210.66	145.47	143.31	162.95	128.55
Other Current Assets	233.39	186.49	142.87	142.05	168.49
Total Current Assets	2,273	1,945	1,591	1,428	622.67
Property, Plant & Equipment	1,172	1,082	1,052	1,071	1,097
Long-Term Investments	130.82	71.81	48.68	31.08	25.45
Goodwill	-	-	-	-	0.26
Other Intangible Assets	98.22	101.75	104.72	92.6	96.82
Long-Term Accounts Receivable	-	54.25	29.18	32.29	35.26
Long-Term Deferred Tax Assets	69.7	66.92	66.33	59.59	61.97
Long-Term Deferred Charges	18.2	6.65	9.86	11.8	16.42
Other Long-Term Assets	113.01	3.09	2.32	17.61	53.73
Total Assets	3,875	3,332	2,903	2,744	2,010
Accounts Payable	120.05	113.66	69.35	143.3	128.1
Accrued Expenses	41.78	78.09	106.21	91.91	126.32
Short-Term Debt	928.21	483.75	59.81	-	79.93
Current Portion of Long-Term Debt	23.17	-	-	-	-
Current Portion of Leases	-	15	11.56	11.58	6.94
Current Income Taxes Payable	26.26	9.58	12.16	7.08	18.74
Current Unearned Revenue	196.4	177.06	138.34	79.03	54.29
Other Current Liabilities	241.2	213.1	230.44	199.55	196.27
Total Current Liabilities	1,577	1,090	627.88	532.45	610.6
Long-Term Leases	65.16	60.01	39.73	39.07	41.37
Long-Term Unearned Revenue	137.96	144.75	133.35	139.33	130.83
Long-Term Deferred Tax Liabilities	26.26	24.38	18.39	16.86	17.44
Total Liabilities	1,806	1,319	819.34	727.7	800.23
Common Stock	413.51	414.26	412	412	370
Additional Paid-In Capital	779.94	767.9	715.3	-	136.62
Retained Earnings	863.04	841.63	949	926.44	704.6
Treasury Stock	-14.13	-22.16	-	-	-
Comprehensive Income & Other	5.42	2.05	0.27	686.26	0.31
Total Common Equity	2,048	2,004	2,077	2,025	1,212
Minority Interest	20.49	8.98	7.47	-8.14	-2.14
Shareholders' Equity	2,068	2,013	2,084	2,017	1,209
Total Liabilities & Equity	3,875	3,332	2,903	2,744	2,010
Total Debt	1,017	558.76	111.1	50.65	128.24
Net Cash (Debt)	616.68	951.71	1,111	981.62	127.32
Net Cash Growth	-35.20%	-14.31%	13.15%	671.00%	-54.16%
Net Cash Per Share	1.49	2.31	2.70	2.58	0.34
Filing Date Shares Outstanding	412.44	414.26	412	412	370
Total Common Shares Outstanding	412.44	414.26	412	412	370
Working Capital	695.44	855.17	962.69	895.73	12.08
Book Value Per Share	4.97	4.84	5.04	4.91	3.27
Tangible Book Value	1,950	1,902	1,972	1,932	1,114
Tangible Book Value Per Share	4.73	4.59	4.79	4.69	3.01
Buildings	-	871.77	862.23	871.6	858.83
Machinery	-	479.72	454.61	417.94	378.93
Construction In Progress	-	127.16	41.77	15.66	14.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.