Ligao Foods 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	402.43	558.13	1,061	531.91	784.03	204.23
Trading Asset Securities	205.8	183.13	253.53	-	-	-
Cash & Short-Term Investments	608.23	741.26	1,314	531.91	784.03	204.23
Cash Growth	-44.10%	-43.59%	147.06%	-32.16%	283.89%	5.66%
Accounts Receivable	367.64	285.55	219.45	265.14	200.36	112.73
Other Receivables	29.29	137.51	147.67	60.6	32.18	-
Receivables	396.93	423.07	367.11	325.73	232.55	112.73
Inventory	378.08	380.04	262.04	312.12	281.94	140.54
Prepaid Expenses	-	0.76	10.92	5.41	0.82	-
Other Current Assets	167.51	32.09	22.58	23.46	33.43	24.94
Total Current Assets	1,551	1,577	1,977	1,199	1,333	482.45
Property, Plant & Equipment	2,000	1,824	1,421	1,234	904.34	374.32
Long-Term Investments	414.2	403.59	41.88	-	-	-
Other Intangible Assets	343.84	339.36	321.26	287.2	155.91	69.04
Long-Term Deferred Tax Assets	46.57	52.23	74.99	52	21.01	7.93
Long-Term Deferred Charges	68.94	79.14	39.55	40.24	35.58	18.32
Other Long-Term Assets	72.48	102.58	64.04	55.86	83.15	22.63
Total Assets	4,496	4,378	3,940	2,868	2,533	974.69
Accounts Payable	349.97	401.19	264.03	349.55	235.75	140.54
Accrued Expenses	47.82	191.22	155.93	148.46	126.72	101.05
Short-Term Debt	223.06	175.79	77.16	85.08	-	-
Current Portion of Long-Term Debt	68.6	66.65	5	-	-	-
Current Portion of Leases	-	14.09	17.48	13.52	14.77	-
Current Income Taxes Payable	58.38	28.4	6.07	17.95	41.25	28.31
Current Unearned Revenue	17.38	16.21	34.52	49.05	56.33	33.91
Other Current Liabilities	59.46	10.88	11.12	11.15	7.8	6.36
Total Current Liabilities	824.68	904.42	571.32	674.77	482.62	310.17
Long-Term Debt	894.92	826.7	816.65	-	-	-
Long-Term Leases	29.06	36.59	40.7	43.47	53.75	-
Long-Term Unearned Revenue	25.25	18.06	6.87	8.4	10.8	12.53
Long-Term Deferred Tax Liabilities	15.01	16.64	17.41	13.06	-	-
Total Liabilities	1,789	1,802	1,453	739.7	547.17	322.7
Common Stock	169.34	169.34	169.34	169.34	169.34	127
Additional Paid-In Capital	1,390	1,386	1,384	1,273	1,198	105.01
Retained Earnings	980.9	816.37	665.86	677.51	618.4	419.97
Treasury Stock	-93.84	-60.49	-	-	-	-
Comprehensive Income & Other	253.7	252.22	252.02	-	-	-
Total Common Equity	2,701	2,564	2,472	2,120	1,986	651.99
Minority Interest	6.88	12.23	15.06	7.66	-	-
Shareholders' Equity	2,707	2,576	2,487	2,128	1,986	651.99
Total Liabilities & Equity	4,496	4,378	3,940	2,868	2,533	974.69
Total Debt	1,216	1,120	956.99	142.07	68.52	-
Net Cash (Debt)	-607.41	-378.56	357.13	389.84	715.51	204.23
Net Cash Growth	-	-	-8.39%	-45.52%	250.34%	53.31%
Net Cash Per Share	-3.56	-2.19	2.05	2.14	4.59	1.61
Filing Date Shares Outstanding	166.64	167.53	169.34	169.34	169.34	127
Total Common Shares Outstanding	166.64	167.53	169.34	169.34	169.34	127
Working Capital	726.06	672.79	1,405	523.87	850.15	172.28
Book Value Per Share	16.21	15.30	14.60	12.52	11.73	5.13
Tangible Book Value	2,357	2,224	2,150	1,833	1,830	582.95
Tangible Book Value Per Share	14.14	13.28	12.70	10.82	10.80	4.59
Buildings	-	674.37	503.62	351.5	160.26	83.66
Machinery	-	1,190	877.7	661.65	516.62	316.14
Construction In Progress	-	352.04	303.15	386.2	313.05	83.59

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