Muyuan Foods Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,862	16,952	19,429	20,794	12,198
Trading Asset Securities	1.62	2.89	21.18	3.04	1.02
Cash & Short-Term Investments	13,864	16,955	19,450	20,797	12,199
Cash Growth	-18.23%	-12.83%	-6.47%	70.48%	-16.41%
Accounts Receivable	696.58	384.09	296.93	236.59	135.55
Other Receivables	-	-	175.55	492.78	264.39
Receivables	696.58	384.09	472.47	729.37	399.95
Inventory	37,177	41,970	41,931	38,252	34,476
Prepaid Expenses	342.57	298.85	212.47	93.75	109.95
Other Current Assets	2,496	1,711	1,517	2,707	1,568
Total Current Assets	54,576	61,319	63,583	62,578	48,753
Property, Plant & Equipment	113,822	123,247	129,048	127,818	125,981
Long-Term Investments	1,090	1,010	825.27	724.85	450.15
Other Intangible Assets	1,245	1,187	1,155	952.35	863.03
Long-Term Deferred Tax Assets	140.24	100.76	69.45	65.81	59.1
Long-Term Deferred Charges	58.67	62.2	65.08	12.64	7.58
Other Long-Term Assets	808.63	723.21	658.68	796.03	1,153
Total Assets	171,741	187,649	195,405	192,948	177,266
Accounts Payable	4,041	10,728	25,977	28,343	36,669
Accrued Expenses	816.44	1,152	1,377	1,576	1,651
Short-Term Debt	44,821	53,672	56,347	34,744	29,485
Current Portion of Long-Term Debt	4,648	5,552	5,529	6,311	6,207
Current Portion of Leases	2,838	2,653	3,123	3,453	1,542
Current Income Taxes Payable	2.5	1.36	1.81	0.29	0.4
Current Unearned Revenue	1,107	599.51	570.96	849.73	454.98
Other Current Liabilities	11,568	11,120	1,734	2,890	2,222
Total Current Liabilities	69,840	85,477	94,659	78,167	78,232
Long-Term Debt	19,428	18,263	19,070	19,568	22,549
Long-Term Leases	2,825	5,504	6,405	6,081	7,368
Long-Term Unearned Revenue	874.4	840.72	911.29	760.26	512.72
Other Long-Term Liabilities	30.45	27.83	322.7	300.75	-
Total Liabilities	92,999	110,112	121,368	104,877	108,662
Common Stock	5,463	5,463	5,465	5,472	5,262
Additional Paid-In Capital	12,625	13,608	17,692	17,631	9,123
Retained Earnings	62,258	54,856	41,478	49,744	37,965
Treasury Stock	-4,011	-3,000	-2,819	-2,084	-1,422
Comprehensive Income & Other	1,355	1,105	1,012	1,020	964.08
Total Common Equity	77,689	72,032	62,828	71,783	51,892
Minority Interest	1,053	5,504	11,209	16,287	14,252
Shareholders' Equity	78,742	77,536	74,037	88,070	68,604
Total Liabilities & Equity	171,741	187,649	195,405	192,948	177,266
Total Debt	74,560	85,644	90,473	70,157	67,152
Net Cash (Debt)	-60,696	-68,689	-71,023	-49,360	-54,953
Net Cash Per Share	-10.88	-12.23	-13.16	-9.12	-10.19
Filing Date Shares Outstanding	5,703	5,446	5,330	5,472	5,262
Total Common Shares Outstanding	5,667	5,446	5,330	5,472	5,262
Working Capital	-15,264	-24,158	-31,076	-15,589	-29,479
Book Value Per Share	13.71	13.23	11.79	13.12	9.86
Tangible Book Value	76,444	70,845	61,673	70,831	51,029
Tangible Book Value Per Share	13.49	13.01	11.57	12.94	9.70
Buildings	-	-	107,356	95,049	82,836
Machinery	160,212	153,780	38,893	33,936	29,136
Construction In Progress	2,489	2,018	2,308	7,441	11,103

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