China Quanjude(Group) Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	101.97	82.71	117.01	101.61	150.16	195.21
Trading Asset Securities	20	20	20.02	40.21	-	173.66
Cash & Short-Term Investments	121.97	102.72	137.03	141.82	150.16	368.87
Cash Growth	5.75%	-25.04%	-3.38%	-5.56%	-59.29%	-32.44%
Accounts Receivable	52.03	73.3	59.83	60.04	45.8	39.32
Other Receivables	36.11	35.04	29.67	26.18	24.66	24.42
Receivables	88.14	108.34	89.49	86.22	70.46	63.74
Inventory	80.36	86.5	97.1	82.48	76.96	60.6
Prepaid Expenses	11.79	9.07	11.55	0.11	8.08	8.11
Other Current Assets	13.7	15.89	16.75	27.71	23.12	18.94
Total Current Assets	315.96	322.52	351.92	338.34	328.78	520.27
Property, Plant & Equipment	539.06	508.83	432.21	488.53	518.33	569.4
Long-Term Investments	362.03	364.39	372.3	378.56	361.75	368.98
Goodwill	2.7	2.7	3.44	3.44	3.44	-
Other Intangible Assets	66.52	80.56	84.78	89.34	90.87	91.95
Long-Term Accounts Receivable	-	-	-	-	0.11	0.76
Long-Term Deferred Tax Assets	43.89	41.09	39.83	40.24	45.26	11.92
Long-Term Deferred Charges	34.84	39.88	52.05	56.57	61.76	71.17
Other Long-Term Assets	151.68	139.66	156.52	122.68	125.99	142.28
Total Assets	1,517	1,500	1,493	1,518	1,536	1,777

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	124.24	127.94	149.86	164.72	161.16	141.99
Accrued Expenses	67.96	84.85	84.73	120	137.99	114.24
Short-Term Debt	2.16	2.13	5.14	11.15	36.02	7.41
Current Portion of Leases	53.6	44.67	49.95	62.88	68.25	65.84
Current Income Taxes Payable	1.01	1.26	0.3	0.29	0.26	0.3
Current Unearned Revenue	84.09	82.09	85.31	86.64	82.67	87.06
Other Current Liabilities	109.55	100.97	88.96	72.61	83.5	80.65
Total Current Liabilities	442.6	443.92	464.26	518.28	569.85	497.5
Long-Term Leases	135.03	130.52	113.31	123.22	140.62	191.99
Long-Term Unearned Revenue	6.41	9.66	13.79	20.09	26.74	25.33
Long-Term Deferred Tax Liabilities	36.76	34.34	32.1	31.78	32.01	3.81
Total Liabilities	620.8	618.44	623.47	693.38	769.21	718.63

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	306.92	306.92	306.92	308.46	308.46	308.46
Additional Paid-In Capital	534.41	534.41	534.41	548.24	548.77	548.77
Retained Earnings	18.79	5.23	-2.52	-36.65	-96.69	179.38
Treasury Stock	-	-	-	-15.37	-15.37	-15.37
Comprehensive Income & Other	-	-	-	0.11	0.01	0.01
Total Common Equity	860.12	846.56	838.81	804.79	745.18	1,021
Minority Interest	35.74	34.62	30.78	19.53	21.9	36.84
Shareholders' Equity	895.86	881.19	869.59	824.33	767.08	1,058
Total Liabilities & Equity	1,517	1,500	1,493	1,518	1,536	1,777

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	190.79	177.31	168.41	197.25	244.89	265.24
Net Cash (Debt)	-68.82	-74.59	-31.38	-55.43	-94.73	103.63
Net Cash Growth	-	-	-	-	-	-80.88%
Net Cash Per Share	-0.22	-0.24	-0.10	-0.18	-0.31	0.34
Filing Date Shares Outstanding	306.92	306.92	306.92	306.92	306.92	306.92
Total Common Shares Outstanding	306.92	306.92	306.92	306.92	306.92	306.92
Working Capital	-126.65	-121.4	-112.34	-179.95	-241.07	22.77
Book Value Per Share	2.80	2.76	2.73	2.62	2.43	3.33
Tangible Book Value	790.9	763.3	750.59	712.01	650.86	929.3
Tangible Book Value Per Share	2.58	2.49	2.45	2.32	2.12	3.03
Buildings	433.21	447.01	450.99	492.9	494.26	479.53
Machinery	305.11	302.98	310.05	321.17	324.56	330.12
Construction In Progress	120.12	86.61	9.4	11.1	6.82	5.36