Muyuan Foods 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	19,035	16,952	19,429	20,794	12,198	14,594
Trading Asset Securities	2,208	2.89	21.18	3.04	1.02	-
Cash & Short-Term Investments	21,244	16,955	19,450	20,797	12,199	14,594
Cash Growth	9.93%	-12.83%	-6.47%	70.48%	-16.41%	25.61%
Accounts Receivable	675.58	384.09	296.93	236.59	135.55	19.39
Other Receivables	57.52	90.55	175.55	492.78	264.39	-
Receivables	733.11	474.64	472.47	729.37	399.95	19.39
Inventory	36,520	41,970	41,931	38,252	34,476	21,179
Prepaid Expenses	-	264.88	212.47	93.75	109.95	-
Other Current Assets	2,057	1,655	1,517	2,707	1,568	3,154
Total Current Assets	60,554	61,319	63,583	62,578	48,753	38,946
Property, Plant & Equipment	117,051	123,247	129,048	127,818	125,981	80,808
Long-Term Investments	1,028	1,010	825.27	724.85	450.15	326.75
Other Intangible Assets	1,206	1,187	1,155	952.35	863.03	768.03
Long-Term Deferred Tax Assets	127.42	100.76	69.45	65.81	59.1	27.83
Long-Term Deferred Charges	56.81	62.2	65.08	12.64	7.58	320.49
Other Long-Term Assets	732.36	723.21	658.68	796.03	1,153	1,430
Total Assets	180,756	187,649	195,405	192,948	177,266	122,627
Accounts Payable	14,401	20,717	25,977	28,343	36,669	16,566
Accrued Expenses	705.43	1,152	1,377	1,576	1,651	1,838
Short-Term Debt	52,005	53,672	56,347	34,744	29,485	18,631
Current Portion of Long-Term Debt	8,505	5,552	5,529	6,311	6,207	-
Current Portion of Leases	-	2,653	3,123	3,453	1,542	-
Current Income Taxes Payable	273.49	1.36	1.81	0.29	0.4	0.28
Current Unearned Revenue	907.9	599.51	570.96	849.73	454.98	557.53
Other Current Liabilities	0.69	1,131	1,734	2,890	2,222	5,951
Total Current Liabilities	76,799	85,477	94,659	78,167	78,232	43,543
Long-Term Debt	19,563	18,263	19,070	19,568	22,549	11,931
Long-Term Leases	3,083	5,504	6,405	6,081	7,368	788.61
Long-Term Unearned Revenue	871.82	840.72	911.29	760.26	512.72	259.03
Other Long-Term Liabilities	-	27.83	322.7	300.75	-	-
Total Liabilities	100,316	110,112	121,368	104,877	108,662	56,522
Common Stock	5,463	5,463	5,465	5,472	5,262	3,759
Additional Paid-In Capital	12,946	13,729	17,692	17,631	9,123	10,005
Retained Earnings	61,548	54,856	41,478	49,744	37,965	36,718
Treasury Stock	-4,050	-3,000	-2,819	-2,084	-1,422	-2,510
Comprehensive Income & Other	963.42	983.58	1,012	1,020	964.08	-25.27
Total Common Equity	76,870	72,032	62,828	71,783	51,892	47,947
Minority Interest	3,569	5,504	11,209	16,287	14,252	15,698
Shareholders' Equity	80,440	77,536	74,037	88,070	68,604	66,105
Total Liabilities & Equity	180,756	187,649	195,405	192,948	177,266	122,627
Total Debt	83,155	85,644	90,473	70,157	67,152	31,350
Net Cash (Debt)	-61,912	-68,689	-71,023	-49,360	-54,953	-16,756
Net Cash Per Share	-11.21	-12.45	-13.16	-9.12	-10.19	-3.22
Filing Date Shares Outstanding	5,436	5,466	5,330	5,472	5,262	5,263
Total Common Shares Outstanding	5,436	5,466	5,330	5,472	5,262	5,263
Working Capital	-16,245	-24,158	-31,076	-15,589	-29,479	-4,597
Book Value Per Share	14.14	13.18	11.79	13.12	9.86	9.11
Tangible Book Value	75,664	70,845	61,673	70,831	51,029	47,179
Tangible Book Value Per Share	13.92	12.96	11.57	12.94	9.70	8.96
Buildings	-	112,309	107,356	95,049	82,836	47,905
Machinery	-	41,471	38,893	33,936	29,136	16,940
Construction In Progress	-	2,018	2,308	7,441	11,103	14,835

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