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

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