Springsnow Food Group 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	473.73	419.58	465.55	397.36	474.45	136.01
Trading Asset Securities	-	10	-	-	-	-
Cash & Short-Term Investments	473.73	429.58	465.55	397.36	474.45	136.01
Cash Growth	-5.93%	-7.73%	17.16%	-16.25%	248.84%	5.94%
Accounts Receivable	149.41	110.15	150.34	106.64	78.78	83.28
Other Receivables	20.76	37.52	45.92	47.1	37.28	48.07
Receivables	170.17	147.67	196.26	153.74	116.05	131.35
Inventory	347.28	337.71	246.77	405.25	286.03	255.58
Prepaid Expenses	-	0.85	-	-	0.11	0.01
Other Current Assets	10.06	3.28	4.54	14.74	19.71	12.99
Total Current Assets	1,001	919.09	913.13	971.09	896.35	535.93
Property, Plant & Equipment	1,100	1,125	1,156	879.26	594.22	493.42
Other Intangible Assets	50.42	49.45	46.57	45.12	33.21	34.1
Long-Term Deferred Tax Assets	40.31	40.03	39.45	14.81	6.03	2.16
Long-Term Deferred Charges	39.77	39.01	34.42	33.29	28.96	27.65
Other Long-Term Assets	28.6	4.19	5.01	35.92	36.55	0.42
Total Assets	2,260	2,177	2,194	1,979	1,595	1,094
Accounts Payable	264.98	227.6	194.12	190.41	193.18	178.03
Accrued Expenses	32.53	56.21	39.96	53.72	30.65	45.15
Short-Term Debt	675.23	568.44	570.21	339.28	184.22	259.3
Current Portion of Long-Term Debt	18.71	8.4	8.05	7.43	-	35.05
Current Portion of Leases	-	2.64	2.3	0.21	-	-
Current Income Taxes Payable	12.05	6.27	6.68	6.35	4.46	6.86
Current Unearned Revenue	30.9	30.16	52.06	30.56	12.65	16.48
Other Current Liabilities	79.65	129.51	180.54	148.94	55.48	41.4
Total Current Liabilities	1,114	1,029	1,054	776.9	480.63	582.26
Long-Term Debt	6.04	18.02	26.4	27	-	-
Long-Term Leases	6.3	5.55	4.66	1	1.16	1.1
Long-Term Unearned Revenue	12.7	13.9	7.38	6.44	7.05	6.29
Long-Term Deferred Tax Liabilities	29.5	32.62	36.1	18.49	16.09	11.32
Total Liabilities	1,169	1,099	1,128	829.84	504.94	600.98
Common Stock	200	200	200	200	200	150
Additional Paid-In Capital	616.52	616.52	612.49	612.26	612.26	121.15
Retained Earnings	294.73	280.86	272.69	337.38	278.13	221.55
Treasury Stock	-19.5	-19.5	-19.5	-	-	-
Shareholders' Equity	1,092	1,078	1,066	1,150	1,090	492.7
Total Liabilities & Equity	2,260	2,177	2,194	1,979	1,595	1,094
Total Debt	706.28	603.05	611.62	374.92	185.38	295.45
Net Cash (Debt)	-232.56	-173.47	-146.07	22.44	289.07	-159.45
Net Cash Growth	-	-	-	-92.24%	-	-
Net Cash Per Share	-1.14	-0.85	-0.72	0.11	1.79	-1.06
Filing Date Shares Outstanding	198.5	198.5	198.5	200	200	150
Total Common Shares Outstanding	198.5	198.5	198.5	200	200	150
Working Capital	-112.82	-110.14	-140.8	194.19	415.72	-46.33
Book Value Per Share	5.50	5.43	5.37	5.75	5.45	3.28
Tangible Book Value	1,041	1,028	1,019	1,105	1,057	458.6
Tangible Book Value Per Share	5.25	5.18	5.13	5.52	5.29	3.06
Buildings	-	763.56	740.37	558.3	307.81	304.66
Machinery	-	662.48	636.27	475.33	303.54	266.09
Construction In Progress	-	14.79	22.08	68.39	168.49	74.74

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