SDIC Fengle Seed 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	1,625	1,671	300.59	146.45	173.88	128.85
Short-Term Investments	-	-	53.86	49.73	35.18	-
Trading Asset Securities	-	-	-	230.83	184.85	88.46
Cash & Short-Term Investments	1,625	1,671	354.45	427.01	393.91	217.31
Cash Growth	578.65%	371.54%	-16.99%	8.40%	81.27%	-26.65%
Accounts Receivable	368.4	320.42	258.01	244.31	285.92	237.05
Other Receivables	13.16	10.92	61.08	39.77	8.13	7.35
Receivables	381.56	331.34	319.09	284.07	294.05	244.39
Inventory	899.91	911.85	989.2	715.54	700.85	780.94
Prepaid Expenses	-	-	0.32	-	-	-
Other Current Assets	295.38	229.39	136.68	112.38	164.09	265.06
Total Current Assets	3,202	3,144	1,800	1,539	1,553	1,508
Property, Plant & Equipment	892.39	862.52	877.63	764.72	670.3	640.44
Long-Term Investments	6.05	6.05	28.51	81.51	118.78	153.76
Goodwill	220.92	220.92	220.92	220.92	220.92	123.01
Other Intangible Assets	276.33	279.47	273.23	290.6	306.14	244.85
Long-Term Deferred Tax Assets	14.48	14.48	14.67	12.96	10	6.02
Long-Term Deferred Charges	65.81	56.69	51	40.83	43.84	36.84
Other Long-Term Assets	0.45	0.45	0.07	2.51	1.11	0.96
Total Assets	4,678	4,585	3,266	2,953	2,924	2,714
Accounts Payable	361.85	443.41	423.75	250.22	247.01	179.15
Accrued Expenses	26.71	46.09	54.15	61.54	51.48	42.67
Short-Term Debt	180.05	143.06	40.04	5	76.09	136.07
Current Portion of Long-Term Debt	24.64	28.69	19.67	-	-	-
Current Portion of Leases	-	-	4.81	0.44	-	3.23
Current Income Taxes Payable	10.43	12.14	4.96	2.1	6.62	5.89
Current Unearned Revenue	504.88	326.72	267.31	278.64	284.96	260.04
Other Current Liabilities	176.47	170.7	141.16	124.17	127.38	105.93
Total Current Liabilities	1,285	1,171	955.85	722.11	793.53	732.99
Long-Term Debt	120.22	120.33	142.86	139.36	64.23	-
Long-Term Leases	10.89	10.54	29.95	12.32	13.34	11.75
Long-Term Unearned Revenue	44.34	44.49	39.17	29.9	27.7	26.17
Long-Term Deferred Tax Liabilities	0.34	0.34	0.47	0.99	0.95	0.65
Other Long-Term Liabilities	14.69	14.69	-	-	-	-
Total Liabilities	1,476	1,361	1,168	904.69	899.75	771.56
Common Stock	798.22	614.01	614.01	614.01	614.01	614.01
Additional Paid-In Capital	1,342	1,529	448.95	448.93	448.81	448.78
Retained Earnings	980.4	997.16	943.42	885.86	857.92	811.39
Comprehensive Income & Other	7.74	5.47	3.98	3.37	3.18	3.76
Total Common Equity	3,128	3,145	2,010	1,952	1,924	1,878
Minority Interest	74.74	77.98	87.13	96.18	100.31	64.07
Shareholders' Equity	3,203	3,223	2,097	2,048	2,024	1,942
Total Liabilities & Equity	4,678	4,585	3,266	2,953	2,924	2,714
Total Debt	335.81	302.62	237.33	157.12	153.66	151.05
Net Cash (Debt)	1,289	1,369	117.12	269.88	240.25	66.25
Net Cash Growth	-	1068.69%	-56.60%	12.34%	262.62%	-46.33%
Net Cash Per Share	1.95	2.23	0.19	0.44	0.39	0.11
Filing Date Shares Outstanding	797.75	614.07	614.01	614.01	614.01	614.01
Total Common Shares Outstanding	797.75	614.07	614.01	614.01	614.01	614.01
Working Capital	1,917	1,973	843.89	816.89	759.37	774.7
Book Value Per Share	3.92	5.12	3.27	3.18	3.13	3.06
Tangible Book Value	2,631	2,645	1,516	1,441	1,397	1,510
Tangible Book Value Per Share	3.30	4.31	2.47	2.35	2.27	2.46
Buildings	-	-	530.15	508.47	514.57	516.64
Machinery	-	-	480.36	416.89	416.9	353.7
Construction In Progress	-	-	231.39	181.29	67.82	46.94

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