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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	296.58	318.02	348.14	357.45	265.73	246.92
Cash & Short-Term Investments	296.58	318.02	348.14	357.45	265.73	246.92
Cash Growth	8.83%	-8.65%	-2.60%	34.52%	7.62%	85.61%
Accounts Receivable	89.88	101.47	97.36	110.59	98.29	97.15
Other Receivables	4.41	3.57	3.48	4.07	5.09	6.17
Receivables	94.29	105.04	100.84	114.66	103.38	103.32
Inventory	154.15	123.85	125.22	131.89	180.48	146.02
Prepaid Expenses	-	-	-	0.08	5.24	-
Other Current Assets	25.75	32.14	15.66	8.07	15.54	18.8
Total Current Assets	570.76	579.05	589.86	612.14	570.37	515.05
Property, Plant & Equipment	1,192	1,146	1,145	1,097	1,099	1,017
Long-Term Investments	108.95	111.36	115.92	120.7	112.21	58
Goodwill	0.4	0.4	0.4	0.4	0.4	0.4
Other Intangible Assets	122.29	123.31	32.15	26.79	26.78	27.77
Long-Term Deferred Tax Assets	12.1	10.67	13.78	8.16	9.14	4.66
Long-Term Deferred Charges	2.77	2.75	0.32	0.77	1.62	2.45
Other Long-Term Assets	56.72	46.14	46.01	73.83	77.88	17.45
Total Assets	2,066	2,020	1,944	1,940	1,897	1,643
Accounts Payable	187.94	149.7	181.68	244.77	226.43	154.3
Accrued Expenses	6.21	47.41	50.83	65.23	86.63	104.22
Short-Term Debt	50.03	50.03	58.79	89.97	177.44	63
Current Portion of Long-Term Debt	16.2	1.02	-	-	-	-
Current Portion of Leases	-	9.08	10.68	7.66	11.43	9.79
Current Income Taxes Payable	10.69	3.62	4.17	0.24	0.68	3.4
Current Unearned Revenue	13.72	14.27	14.25	14.54	15.78	16.37
Other Current Liabilities	75.89	42.6	45.22	44.77	42.47	40.89
Total Current Liabilities	360.68	317.72	365.63	467.18	560.85	391.96
Long-Term Debt	9.71	17.66	-	-	-	-
Long-Term Leases	29.81	36.73	50.95	32.19	41.96	37.29
Long-Term Unearned Revenue	108.54	100.01	10.08	7.69	5.33	5.57
Pension & Post-Retirement Benefits	-	9.4	9.99	10.44	10.97	-
Long-Term Deferred Tax Liabilities	8.91	8.09	11.44	5.06	7.83	-
Other Long-Term Liabilities	18.5	-	-	-	-	4.4
Total Liabilities	536.15	489.61	448.09	522.56	626.95	439.22
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	1,032	1,032	998	918.82	769.86	704.71
Total Common Equity	1,509	1,509	1,475	1,396	1,247	1,181
Minority Interest	21.39	21.33	20.65	21.84	23.85	22.13
Shareholders' Equity	1,530	1,530	1,495	1,417	1,270	1,204
Total Liabilities & Equity	2,066	2,020	1,944	1,940	1,897	1,643
Total Debt	105.74	114.51	120.42	129.82	230.83	110.08
Net Cash (Debt)	190.83	203.52	227.72	227.62	34.9	136.84
Net Cash Growth	24.46%	-10.63%	0.04%	552.16%	-74.49%	55.57%
Net Cash Per Share	-	1.31	1.44	1.45	0.22	0.87
Filing Date Shares Outstanding	-	157.35	157.35	157.35	157.35	157.35
Total Common Shares Outstanding	-	157.35	157.35	157.35	157.35	157.35
Working Capital	210.08	261.33	224.23	144.96	9.52	123.1
Book Value Per Share	-	9.59	9.37	8.87	7.92	7.51
Tangible Book Value	1,386	1,385	1,442	1,368	1,219	1,153
Tangible Book Value Per Share	-	8.80	9.17	8.70	7.75	7.33
Buildings	-	660.31	659.94	586.45	604.23	547.79
Machinery	-	831.84	774.93	767.48	658.27	576.87
Construction In Progress	-	48.42	5.7	2.9	14.05	35.37

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