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 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	365.16	398.48	419.58	465.55	397.36	474.45
Trading Asset Securities	-	-	10	-	-	-
Cash & Short-Term Investments	365.16	398.48	429.58	465.55	397.36	474.45
Cash Growth	-11.43%	-7.24%	-7.73%	17.16%	-16.25%	248.84%
Accounts Receivable	159.05	136.87	110.15	150.34	106.64	78.78
Other Receivables	54.89	46.94	37.52	45.92	47.1	37.28
Receivables	213.94	183.81	147.67	196.26	153.74	116.05
Inventory	332.11	349.21	337.71	246.77	405.25	286.03
Prepaid Expenses	-	-	0.85	-	-	0.11
Other Current Assets	11.67	6.37	3.28	4.54	14.74	19.71
Total Current Assets	922.89	937.88	919.09	913.13	971.09	896.35
Property, Plant & Equipment	1,137	1,125	1,125	1,156	879.26	594.22
Other Intangible Assets	54.77	49.89	49.45	46.57	45.12	33.21
Long-Term Deferred Tax Assets	37.49	37.34	40.03	39.45	14.81	6.03
Long-Term Deferred Charges	39.38	39.87	39.01	34.42	33.29	28.96
Other Long-Term Assets	13.79	8.42	4.19	5.01	35.92	36.55
Total Assets	2,206	2,199	2,177	2,194	1,979	1,595
Accounts Payable	275.59	261.2	227.6	194.12	190.41	193.18
Accrued Expenses	33.31	36.11	56.21	39.96	53.72	30.65
Short-Term Debt	590.25	608.17	568.44	570.21	339.28	184.22
Current Portion of Long-Term Debt	17.38	18.78	8.4	8.05	7.43	-
Current Portion of Leases	-	-	2.64	2.3	0.21	-
Current Income Taxes Payable	10.62	8	6.27	6.68	6.35	4.46
Current Unearned Revenue	22.92	24.08	30.16	52.06	30.56	12.65
Other Current Liabilities	98.5	94.76	129.51	180.54	148.94	55.48
Total Current Liabilities	1,049	1,051	1,029	1,054	776.9	480.63
Long-Term Debt	1.32	-	18.02	26.4	27	-
Long-Term Leases	5.17	3.15	5.55	4.66	1	1.16
Long-Term Unearned Revenue	13.28	13.68	13.9	7.38	6.44	7.05
Long-Term Deferred Tax Liabilities	26.21	28.29	32.62	36.1	18.49	16.09
Total Liabilities	1,095	1,096	1,099	1,128	829.84	504.94
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	611.8	611.8	616.52	612.49	612.26	612.26
Retained Earnings	308.98	300.37	280.86	272.69	337.38	278.13
Treasury Stock	-9.75	-9.75	-19.5	-19.5	-	-
Shareholders' Equity	1,111	1,102	1,078	1,066	1,150	1,090
Total Liabilities & Equity	2,206	2,199	2,177	2,194	1,979	1,595
Total Debt	614.12	630.09	603.05	611.62	374.92	185.38
Net Cash (Debt)	-248.96	-231.61	-173.47	-146.07	22.44	289.07
Net Cash Growth	-	-	-	-	-92.24%	-
Net Cash Per Share	-1.22	-1.17	-0.85	-0.72	0.11	1.79
Filing Date Shares Outstanding	215.06	192.64	198.5	198.5	200	200
Total Common Shares Outstanding	215.06	192.64	198.5	198.5	200	200
Working Capital	-125.69	-113.22	-110.14	-140.8	194.19	415.72
Book Value Per Share	5.17	5.72	5.43	5.37	5.75	5.45
Tangible Book Value	1,056	1,053	1,028	1,019	1,105	1,057
Tangible Book Value Per Share	4.91	5.46	5.18	5.13	5.52	5.29
Buildings	-	-	763.56	740.37	558.3	307.81
Machinery	-	-	662.48	636.27	475.33	303.54
Construction In Progress	-	-	14.79	22.08	68.39	168.49

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