Guangdong Yantang 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	319.32	348.14	357.45	265.73	246.92	133.03	Upgrade
Cash & Short-Term Investments	319.32	348.14	357.45	265.73	246.92	133.03	Upgrade
Cash Growth	9.04%	-2.60%	34.52%	7.62%	85.61%	38.68%	Upgrade
Accounts Receivable	110.5	97.36	110.59	98.29	97.15	102.37	Upgrade
Other Receivables	4.76	3.48	4.07	5.09	6.17	2.45	Upgrade
Receivables	115.26	100.84	114.66	103.38	103.32	104.82	Upgrade
Inventory	143.82	125.22	131.89	180.48	146.02	123.73	Upgrade
Prepaid Expenses	-	-	0.08	5.24	-	-	Upgrade
Other Current Assets	29.21	15.66	8.07	15.54	18.8	14.96	Upgrade
Total Current Assets	607.61	589.86	612.14	570.37	515.05	376.54	Upgrade
Property, Plant & Equipment	1,131	1,145	1,097	1,099	1,017	923.65	Upgrade
Long-Term Investments	112.62	115.92	120.7	112.21	58	42.8	Upgrade
Goodwill	0.4	0.4	0.4	0.4	0.4	0.4	Upgrade
Other Intangible Assets	124.41	32.15	26.79	26.78	27.77	28.41	Upgrade
Long-Term Deferred Tax Assets	11.66	13.78	8.16	9.14	4.66	4.47	Upgrade
Long-Term Deferred Charges	0.88	0.32	0.77	1.62	2.45	2.8	Upgrade
Other Long-Term Assets	6.66	46.01	73.83	77.88	17.45	6.93	Upgrade
Total Assets	1,995	1,944	1,940	1,897	1,643	1,386	Upgrade
Accounts Payable	170.54	181.68	244.77	226.43	154.3	112.06	Upgrade
Accrued Expenses	10.7	50.83	65.23	86.63	104.22	81.13	Upgrade
Short-Term Debt	50.03	58.79	89.97	177.44	63	40	Upgrade
Current Portion of Leases	9.85	10.68	7.66	11.43	9.79	5.07	Upgrade
Current Income Taxes Payable	15.27	4.17	0.24	0.68	3.4	2.35	Upgrade
Current Unearned Revenue	16.83	14.25	14.54	15.78	16.37	18.6	Upgrade
Other Current Liabilities	69.4	45.22	44.77	42.47	40.89	41.79	Upgrade
Total Current Liabilities	342.62	365.63	467.18	560.85	391.96	301	Upgrade
Long-Term Debt	7.4	-	-	-	-	-	Upgrade
Long-Term Leases	36.39	50.95	32.19	41.96	37.29	-	Upgrade
Long-Term Unearned Revenue	55.13	10.08	7.69	5.33	5.57	5	Upgrade
Pension & Post-Retirement Benefits	9.58	9.99	10.44	10.97	-	-	Upgrade
Long-Term Deferred Tax Liabilities	8.58	11.44	5.06	7.83	-	-	Upgrade
Other Long-Term Liabilities	10.08	-	-	-	4.4	8.41	Upgrade
Total Liabilities	469.76	448.09	522.56	626.95	439.22	314.4	Upgrade
Common Stock	157.35	157.35	157.35	157.35	157.35	157.35	Upgrade
Additional Paid-In Capital	319.41	319.41	319.41	319.41	319.41	319.41	Upgrade
Retained Earnings	1,028	998	918.82	769.86	704.71	570.58	Upgrade
Total Common Equity	1,504	1,475	1,396	1,247	1,181	1,047	Upgrade
Minority Interest	20.87	20.65	21.84	23.85	22.13	24.27	Upgrade
Shareholders' Equity	1,525	1,495	1,417	1,270	1,204	1,072	Upgrade
Total Liabilities & Equity	1,995	1,944	1,940	1,897	1,643	1,386	Upgrade
Total Debt	103.66	120.42	129.82	230.83	110.08	45.07	Upgrade
Net Cash (Debt)	215.66	227.72	227.62	34.9	136.84	87.96	Upgrade
Net Cash Growth	-11.82%	0.04%	552.16%	-74.49%	55.57%	114.07%	Upgrade
Net Cash Per Share	1.36	1.44	1.45	0.22	0.87	0.56	Upgrade
Filing Date Shares Outstanding	157.35	157.35	157.35	157.35	157.35	157.35	Upgrade
Total Common Shares Outstanding	157.35	157.35	157.35	157.35	157.35	157.35	Upgrade
Working Capital	265	224.23	144.96	9.52	123.1	75.54	Upgrade
Book Value Per Share	9.56	9.37	8.87	7.92	7.51	6.66	Upgrade
Tangible Book Value	1,380	1,442	1,368	1,219	1,153	1,019	Upgrade
Tangible Book Value Per Share	8.77	9.17	8.70	7.75	7.33	6.47	Upgrade
Buildings	-	659.94	586.45	604.23	547.79	-	Upgrade
Machinery	-	774.93	767.48	658.27	576.87	-	Upgrade
Construction In Progress	-	5.7	2.9	14.05	35.37	14.61	Upgrade

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