Balance Sheet

Current Liabilities	946.6m
Accounts Payable	134.8m
Accrued Liabilities	130.2m
Short-Term Debt	369.6m
Other Current Liabilities	311.9m
Non-Current Liabilities	247.3m
Long-Term Debt	65.1m
Other Non-Current Liabilities	182.3m

Currency: CNY

	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	301	388	244	530	426
Cash	301	388	244	530	426
Short-Term Investments	0	13	11	503	796
Total Receivables	78	58	126	136	120
Accounts Receivables	21	22	65	82	73
Other Receivables	56	36	61	54	47
Inventory	111	93	129	163	143
Other Current Assets	46	55	113	97	108
Total Current Assets	536	608	623	1 428	1 591
PP&E Net	986	1 129	1 101	1 089	1 054
PP&E Gross	986	1 129	1 101	1 089	1 054
Accumulated Depreciation	138	167	219	305	387
Intangible Assets	115	105	97	93	105
Goodwill	1	1	0	0	0
Note Receivable	0	0	35	32	29
Long-Term Investments	2	14	25	31	49
Other Long-Term Assets	76	111	128	71	76
Other Assets	1	1	0	0	0
Total Assets	1 716 N/A	1 968 +15%	2 010 +2%	2 744 +37%	2 903 +6%
Liabilities
Accounts Payable	130	121	148	158	86
Accrued Liabilities	33	36	55	86	106
Short-Term Debt	214	126	80	0	60
Current Portion of Long-Term Debt	0	0	7	12	12
Other Current Liabilities	491	482	320	277	365
Total Current Liabilities	868	765	611	532	628
Long-Term Debt	0	0	41	39	40
Deferred Income Tax	6	2	17	17	18
Minority Interest	1	0	2	8	7
Other Liabilities	40	70	131	139	133
Total Liabilities	913 N/A	837 -8%	798 -5%	720 -10%	827 +15%
Equity
Common Stock	242	370	370	412	412
Retained Earnings	545	654	705	926	949
Additional Paid In Capital	17	107	137	686	715
Unrealized Security Profit/Loss	0	0	0	0	0
Other Equity	0	0	0	0	0
Total Equity	804 N/A	1 131 +41%	1 212 +7%	2 025 +67%	2 077 +3%
Total Liabilities & Equity	1 716 N/A	1 968 +15%	2 010 +2%	2 744 +37%	2 903 +6%
Shares Outstanding
Common Shares Outstanding	412	412	412	412	412

Shanghai Ziyan Foods Co Ltd
SSE:603057

52 Week Range	13.43 23.69
Price Target