New Hope 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	-	396.48	439.54	494.1	515.24
Trading Asset Securities	-	147.61	52	-	-
Cash & Short-Term Investments	788.02	544.08	491.54	494.1	515.24
Cash Growth	44.84%	10.69%	-0.52%	-4.10%	-24.16%
Accounts Receivable	-	616.38	609.9	579.96	622.76
Other Receivables	-	36.72	101.27	49.33	43.84
Receivables	-	653.1	711.17	629.29	666.6
Inventory	-	741.64	711.5	800.27	685.22
Other Current Assets	-	59.3	88.13	221.14	208.56
Total Current Assets	-	1,998	2,002	2,145	2,076
Property, Plant & Equipment	-	4,037	4,075	4,018	3,781
Long-Term Investments	-	1,086	1,019	1,238	1,534
Goodwill	-	1,003	1,003	1,190	1,190
Other Intangible Assets	-	661.92	681.15	776.18	712.93
Long-Term Deferred Tax Assets	-	21.57	30.49	25.53	30.11
Long-Term Deferred Charges	-	13.42	10.31	20.57	22.1
Other Long-Term Assets	-	58.52	117.05	76.99	157.86
Total Assets	-	8,879	8,938	9,490	9,504
Accounts Payable	-	990.64	925.38	957.58	881.93
Accrued Expenses	-	761.76	677.51	549.52	538
Short-Term Debt	-	371.08	915.57	827.87	1,755
Current Portion of Long-Term Debt	-	848.05	680.72	1,191	312.61
Current Portion of Leases	-	16.01	16.3	30.08	26.64
Current Income Taxes Payable	-	37.16	29.58	23.79	19.14
Current Unearned Revenue	-	409.28	419.64	326.31	299.54
Other Current Liabilities	-	296.73	353.47	354.62	465.04
Total Current Liabilities	-	3,731	4,018	4,261	4,298
Long-Term Debt	-	1,814	2,077	2,265	2,105
Long-Term Leases	-	68.61	71.18	78.53	40.83
Long-Term Unearned Revenue	-	109.78	117.26	124.4	126.05
Long-Term Deferred Tax Liabilities	-	13.41	15.35	24.05	27.07
Other Long-Term Liabilities	-	0.24	0.05	71.31	38.84
Total Liabilities	-	5,736	6,299	6,825	6,635
Common Stock	-	860.67	865.81	866.58	867.27
Additional Paid-In Capital	-	523.03	566.04	628.63	665.14
Retained Earnings	-	2,198	1,790	1,431	1,135
Treasury Stock	-	-	-48.06	-82.91	-126.79
Comprehensive Income & Other	-	-526.5	-616.36	-324.99	97.02
Total Common Equity	3,680	3,055	2,557	2,518	2,638
Minority Interest	-	87.03	82.38	146.9	231.5
Shareholders' Equity	3,753	3,142	2,639	2,665	2,869
Total Liabilities & Equity	-	8,879	8,938	9,490	9,504
Total Debt	2,958	3,117	3,760	4,393	4,239
Net Cash (Debt)	-2,170	-2,573	-3,269	-3,899	-3,724
Net Cash Per Share	-2.52	-2.97	-3.79	-4.53	-4.29
Filing Date Shares Outstanding	845.49	860.67	865.71	866.58	867.27
Total Common Shares Outstanding	845.49	860.67	865.81	866.58	867.27
Working Capital	-	-1,733	-2,016	-2,116	-2,222
Book Value Per Share	4.28	3.55	2.95	2.91	3.04
Tangible Book Value	2,034	1,391	873.08	552.29	734.84
Tangible Book Value Per Share	2.36	1.62	1.01	0.64	0.85
Buildings	-	2,157	2,061	1,882	1,798
Machinery	-	2,992	3,039	2,887	2,710
Construction In Progress	-	35.47	89.48	116.87	45.1

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