Qingdao Richen 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	50.87	164.1	162.73	44.26	156.16	142.52
Trading Asset Securities	-	-	-	166.49	145.22	285.55
Cash & Short-Term Investments	50.87	164.1	162.73	210.75	301.37	428.07
Cash Growth	-64.82%	0.84%	-22.78%	-30.07%	-29.60%	-11.18%
Accounts Receivable	79.76	87.56	82.44	75.14	70.37	73.37
Other Receivables	1.06	1.01	0.86	0.8	1.79	1.37
Receivables	80.82	88.57	83.3	75.95	72.16	74.75
Inventory	35.32	30.26	36.41	31.94	32.91	30.6
Other Current Assets	43.3	41.42	25.57	21.56	12.37	1.91
Total Current Assets	210.31	324.35	308.01	340.19	418.82	535.32
Property, Plant & Equipment	700.03	685.64	516.4	426.31	357.41	167.73
Long-Term Investments	385	119.08	120.06	140.16	89.14	68.98
Goodwill	16.39	16.39	-	-	-	-
Other Intangible Assets	35.88	36.36	38.38	38.16	39.66	37.66
Long-Term Deferred Tax Assets	2.68	2.05	1.23	2.46	1.58	0.92
Long-Term Deferred Charges	6.75	6.74	1.05	10.7	9.69	1.86
Other Long-Term Assets	8.47	5.62	17.79	4.32	5.54	11.45
Total Assets	1,366	1,196	1,003	962.3	921.84	823.9
Accounts Payable	107.18	103.49	84.72	111.94	81.74	55.8
Accrued Expenses	7.38	13.79	13.7	11.33	16.76	11.2
Short-Term Debt	108.46	137.47	81	86.63	100.56	52.56
Current Portion of Long-Term Debt	107.01	28.42	-	9.02	9.03	9.04
Current Portion of Leases	-	-	0.35	0.35	0.15	0.09
Current Income Taxes Payable	6.14	6.46	3.44	3.31	5.21	3.98
Current Unearned Revenue	0.47	0.85	1.2	0.5	0.94	1.08
Other Current Liabilities	2.55	1.46	1.05	0.84	0.41	0.36
Total Current Liabilities	339.19	291.94	185.46	223.93	214.8	134.12
Long-Term Debt	252.26	119.1	85.57	32.09	18	27
Long-Term Leases	12.41	12.94	1.99	2.17	0.06	-
Long-Term Unearned Revenue	1.41	1.52	0.93	1.18	1.48	1.8
Long-Term Deferred Tax Liabilities	1.02	1.07	1.09	1.29	0.92	0.07
Total Liabilities	606.29	426.58	275.03	260.66	235.26	162.99
Common Stock	98.61	98.61	98.61	98.61	98.61	98.61
Additional Paid-In Capital	349.14	348.64	347.34	354.77	351.77	347.57
Retained Earnings	341.63	352.59	312.11	248.26	236.2	214.73
Treasury Stock	-30.17	-30.17	-30.17	-	-	-
Total Common Equity	759.22	769.67	727.9	701.64	686.58	660.91
Shareholders' Equity	759.22	769.67	727.9	701.64	686.58	660.91
Total Liabilities & Equity	1,366	1,196	1,003	962.3	921.84	823.9
Total Debt	480.14	297.94	168.9	130.26	127.81	88.69
Net Cash (Debt)	-429.27	-133.84	-6.17	80.48	173.57	339.38
Net Cash Growth	-	-	-	-53.63%	-48.86%	-22.32%
Net Cash Per Share	-4.42	-1.38	-0.06	0.82	1.77	3.42
Filing Date Shares Outstanding	97.2	97.18	97.19	98.61	98.61	98.61
Total Common Shares Outstanding	97.2	97.18	97.19	98.61	98.61	98.61
Working Capital	-128.88	32.41	122.56	116.26	204.02	401.19
Book Value Per Share	7.81	7.92	7.49	7.12	6.96	6.70
Tangible Book Value	706.94	716.92	689.52	663.48	646.92	623.25
Tangible Book Value Per Share	7.27	7.38	7.09	6.73	6.56	6.32
Buildings	-	-	170.56	64.33	60.97	59.33
Machinery	-	-	99.48	92.54	86.41	84.73
Construction In Progress	-	-	340.46	357.62	291.73	103.89

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