Ganfeng Lithium Group 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	8,205	5,945	9,484	9,914	6,332	2,176
Short-Term Investments	-	620.23	1,336	484.83	950	1,805
Trading Asset Securities	16.24	15.49	62.98	215.99	281.36	87.12
Cash & Short-Term Investments	8,221	6,581	10,883	10,615	7,564	4,067
Cash Growth	16.52%	-39.53%	2.53%	40.34%	85.96%	126.02%
Accounts Receivable	5,989	4,827	6,714	9,903	3,322	1,768
Other Receivables	630.05	235	63.91	316.43	85.46	64.5
Receivables	6,619	5,062	6,778	10,220	3,407	1,832
Inventory	10,623	8,613	8,264	10,111	3,283	2,215
Other Current Assets	2,959	1,747	2,259	1,020	372.43	660.12
Total Current Assets	28,423	22,003	28,184	31,966	14,627	8,775
Property, Plant & Equipment	40,916	35,947	23,727	14,448	8,862	6,062
Long-Term Investments	15,829	17,500	19,313	15,980	7,751	2,516
Goodwill	182.01	182.01	17.62	17.62	17.62	-
Other Intangible Assets	21,283	21,539	17,957	14,300	5,090	3,562
Long-Term Deferred Tax Assets	1,163	1,163	820.51	653.24	698.47	40.36
Long-Term Deferred Charges	482.54	462.45	110.38	89.54	94.69	93.79
Other Long-Term Assets	1,922	563.35	466.31	1,195	1,629	196.09
Total Assets	110,199	100,832	91,698	79,160	39,057	22,020
Accounts Payable	14,872	12,197	8,932	9,988	2,531	1,043
Accrued Expenses	281.83	617.37	616.01	1,531	540.92	127.71
Short-Term Debt	11,461	9,818	6,529	2,109	1,970	1,631
Current Portion of Long-Term Debt	8,682	6,924	3,058	1,504	740.58	662.52
Current Portion of Leases	-	34.39	17.73	17.9	11.18	7.17
Current Income Taxes Payable	356.85	138.02	448.97	2,563	896.84	99.07
Current Unearned Revenue	950.06	174.29	282.31	492.65	150.5	41.03
Other Current Liabilities	2,383	1,766	386.96	449.95	1,368	465.7
Total Current Liabilities	38,986	31,670	20,271	18,655	8,209	4,078
Long-Term Debt	21,954	18,944	17,940	11,059	4,478	4,334
Long-Term Leases	58.08	66.11	12.56	26.2	19.89	24.4
Long-Term Unearned Revenue	720.71	700.27	534.07	275.21	93.74	64.36
Long-Term Deferred Tax Liabilities	1,061	1,243	482.88	133.78	42.35	63.84
Other Long-Term Liabilities	682.73	620.93	141.35	144.6	47.23	38.03
Total Liabilities	63,463	53,244	39,382	30,294	12,890	8,602
Common Stock	2,057	2,017	2,017	2,017	1,437	1,340
Additional Paid-In Capital	-	10,349	12,131	12,382	11,954	4,843
Retained Earnings	28,044	28,321	32,004	29,074	9,003	4,191
Treasury Stock	-454.65	-560.84	-350.14	-133.15	-	-
Comprehensive Income & Other	11,975	1,657	1,232	702.55	-501.09	331.47
Total Common Equity	41,622	41,782	47,034	44,043	21,894	10,706
Minority Interest	5,115	5,806	5,282	4,823	4,273	2,713
Shareholders' Equity	46,737	47,588	52,316	48,866	26,167	13,418
Total Liabilities & Equity	110,199	100,832	91,698	79,160	39,057	22,020
Total Debt	42,156	35,787	27,557	14,716	7,219	6,659
Net Cash (Debt)	-33,934	-29,206	-16,674	-4,101	344.57	-2,592
Net Cash Per Share	-13.98	-14.50	-8.29	-2.03	0.18	-1.42
Filing Date Shares Outstanding	3,721	2,051	2,010	2,015	2,012	1,876
Total Common Shares Outstanding	3,721	2,051	2,010	2,015	2,012	1,876
Working Capital	-10,563	-9,667	7,913	13,311	6,418	4,697
Book Value Per Share	11.19	20.37	23.41	21.86	10.88	5.71
Tangible Book Value	20,157	20,061	29,060	29,726	16,786	7,144
Tangible Book Value Per Share	5.42	9.78	14.46	14.75	8.34	3.81
Buildings	-	10,404	7,993	1,279	912.39	741.23
Machinery	-	9,453	6,694	5,166	3,321	2,431
Construction In Progress	-	19,352	11,298	9,548	5,795	3,761

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