New Risk • Apr 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥285m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥285m free cash flow). Earnings have declined by 35% per year over the past 5 years. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.30 loss per share (vs CN¥0.39 loss in FY 2024) Full year 2025 results: CN¥0.30 loss per share (improved from CN¥0.39 loss in FY 2024). Revenue: CN¥722.0m (down 22% from FY 2024). Net loss: CN¥198.6m (loss narrowed 23% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year. Announcement • Apr 29
Anhui Golden Seed Winery Co., Ltd., Annual General Meeting, May 22, 2026 Anhui Golden Seed Winery Co., Ltd., Annual General Meeting, May 22, 2026, at 13:30 China Standard Time. Location: 9F, No. 523, Qinghe East Road, Fuyang, Anhui China