Jiangxi Sunshine Dairy 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	636.12	552.54	487.89	363.37	328.78	350.79
Short-Term Investments	-	560	450	450	-	-
Trading Asset Securities	-	-	-	30	-	-
Cash & Short-Term Investments	636.12	1,113	937.89	843.37	328.78	350.79
Cash Growth	24.98%	18.62%	11.21%	156.52%	-6.28%	12.08%
Accounts Receivable	32.05	33.01	31.37	27.19	34.98	28.93
Other Receivables	12.53	18.41	13.82	9.66	1.16	1.21
Receivables	44.58	51.42	45.18	36.85	36.13	30.14
Inventory	35.43	33.07	32.72	50.74	42.75	31.62
Prepaid Expenses	-	-	-	-	4.85	-
Other Current Assets	535.94	3.32	4.33	2.74	12.9	19.61
Total Current Assets	1,252	1,200	1,020	933.71	425.41	432.17
Property, Plant & Equipment	249.03	259.25	271.8	283.15	270.52	269.33
Long-Term Investments	-	-	100	100	-	-
Other Intangible Assets	21.06	21.68	22.46	23.41	24.5	25.4
Long-Term Deferred Tax Assets	1.17	1.31	1.7	1.44	1.46	1.49
Long-Term Deferred Charges	3.44	5.67	10.58	14.35	17.53	12.07
Other Long-Term Assets	-	0.67	0.75	1.94	1.38	6.14
Total Assets	1,527	1,489	1,427	1,358	740.8	746.6
Accounts Payable	20.93	22.31	26.34	33.68	25.89	25.35
Accrued Expenses	8.28	20.33	22.02	19.85	23.86	17.58
Short-Term Debt	-	-	-	-	100.1	100.08
Current Portion of Leases	0.88	0.85	0.82	0.88	-	-
Current Income Taxes Payable	4.56	1.85	3.15	0.18	0.01	0.02
Current Unearned Revenue	25.85	12.94	11.13	11.28	8.25	9.99
Other Current Liabilities	10.13	7.6	7.07	6.4	5.4	4.95
Total Current Liabilities	70.63	65.89	70.52	72.26	163.51	157.98
Long-Term Leases	0.25	0.89	1.74	0.09	1.8	-
Long-Term Unearned Revenue	3.04	3.55	4.22	4.89	5.56	5.99
Long-Term Deferred Tax Liabilities	3.93	4.53	5.45	6.16	4.46	1.17
Other Long-Term Liabilities	-	0.4	-	-	-	-
Total Liabilities	77.85	75.26	81.93	83.39	175.32	165.14
Common Stock	282.66	282.66	282.66	282.66	211.96	211.96
Additional Paid-In Capital	561.95	561.95	561.95	563.29	33.2	33.2
Retained Earnings	597.33	560.84	491.5	418.07	307.18	321.47
Total Common Equity	1,442	1,405	1,336	1,264	552.33	566.63
Minority Interest	6.99	8.24	9.36	10.58	13.14	14.83
Shareholders' Equity	1,449	1,414	1,345	1,275	565.47	581.46
Total Liabilities & Equity	1,527	1,489	1,427	1,358	740.8	746.6
Total Debt	1.13	1.74	2.55	0.96	101.9	100.08
Net Cash (Debt)	635	1,111	935.33	842.41	226.87	250.71
Net Cash Growth	25.23%	18.76%	11.03%	271.31%	-9.51%	17.73%
Net Cash Per Share	2.25	3.93	3.31	3.33	1.07	1.19
Filing Date Shares Outstanding	282.66	282.66	282.66	282.66	212.08	211.96
Total Common Shares Outstanding	282.66	282.66	282.66	282.66	212.08	211.96
Working Capital	1,181	1,134	949.6	861.45	261.91	274.19
Book Value Per Share	5.10	4.97	4.73	4.47	2.60	2.67
Tangible Book Value	1,421	1,384	1,314	1,241	527.83	541.23
Tangible Book Value Per Share	5.03	4.90	4.65	4.39	2.49	2.55
Buildings	-	199.33	191.89	184.81	184.81	-
Machinery	-	212.73	199.41	189.48	187.7	-
Construction In Progress	-	0.65	5.52	10.74	1.44	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.