Guangdong Yantang Dairy 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	318.02	348.14	357.45	265.73	246.92
Cash & Short-Term Investments	318.02	348.14	357.45	265.73	246.92
Cash Growth	-8.65%	-2.60%	34.52%	7.62%	85.61%
Accounts Receivable	101.47	97.36	110.59	98.29	97.15
Other Receivables	3.57	3.48	4.07	5.09	6.17
Receivables	105.04	100.84	114.66	103.38	103.32
Inventory	123.85	125.22	131.89	180.48	146.02
Prepaid Expenses	-	-	0.08	5.24	-
Other Current Assets	32.14	15.66	8.07	15.54	18.8
Total Current Assets	579.05	589.86	612.14	570.37	515.05
Property, Plant & Equipment	1,146	1,145	1,097	1,099	1,017
Long-Term Investments	111.36	115.92	120.7	112.21	58
Goodwill	0.4	0.4	0.4	0.4	0.4
Other Intangible Assets	123.31	32.15	26.79	26.78	27.77
Long-Term Deferred Tax Assets	10.67	13.78	8.16	9.14	4.66
Long-Term Deferred Charges	2.75	0.32	0.77	1.62	2.45
Other Long-Term Assets	46.14	46.01	73.83	77.88	17.45
Total Assets	2,020	1,944	1,940	1,897	1,643
Accounts Payable	149.7	181.68	244.77	226.43	154.3
Accrued Expenses	47.41	50.83	65.23	86.63	104.22
Short-Term Debt	50.03	58.79	89.97	177.44	63
Current Portion of Long-Term Debt	1.02	-	-	-	-
Current Portion of Leases	9.08	10.68	7.66	11.43	9.79
Current Income Taxes Payable	3.62	4.17	0.24	0.68	3.4
Current Unearned Revenue	14.27	14.25	14.54	15.78	16.37
Other Current Liabilities	42.6	45.22	44.77	42.47	40.89
Total Current Liabilities	317.72	365.63	467.18	560.85	391.96
Long-Term Debt	17.66	-	-	-	-
Long-Term Leases	36.73	50.95	32.19	41.96	37.29
Long-Term Unearned Revenue	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	8.09	11.44	5.06	7.83	-
Other Long-Term Liabilities	-	-	-	-	4.4
Total Liabilities	489.61	448.09	522.56	626.95	439.22
Common Stock	157.35	157.35	157.35	157.35	157.35
Additional Paid-In Capital	319.41	319.41	319.41	319.41	319.41
Retained Earnings	1,032	998	918.82	769.86	704.71
Total Common Equity	1,509	1,475	1,396	1,247	1,181
Minority Interest	21.33	20.65	21.84	23.85	22.13
Shareholders' Equity	1,530	1,495	1,417	1,270	1,204
Total Liabilities & Equity	2,020	1,944	1,940	1,897	1,643
Total Debt	114.51	120.42	129.82	230.83	110.08
Net Cash (Debt)	203.52	227.72	227.62	34.9	136.84
Net Cash Growth	-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	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	1,385	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.