GF Securities 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	20,806	30,027	23,977	21,570	21,816	22,296
Short-Term Investments	190,176	159,934	114,560	126,547	117,489	97,264
Trading Asset Securities	359,057	237,856	211,036	150,605	120,437	54,118
Accounts Receivable	-	112,105	94,840	86,120	2,599	3,354
Other Receivables	15,436	2,075	2,872	1,955	98,462	87,264
Property, Plant & Equipment	3,904	5,271	5,255	5,080	3,785	3,691
Goodwill	2.37	2.4	2.35	2.32	2.12	2.18
Other Intangible Assets	1,480	515.11	520.02	437.83	1,490	1,454
Investments in Debt & Equity Securities	128,769	135,431	155,188	154,844	111,453	49,522
Other Current Assets	218,361	62,287	61,938	58,565	47,498	46,908
Long-Term Deferred Tax Assets	2,418	1,856	2,562	2,583	2,119	1,324
Other Long-Term Assets	13,027	11,386	9,430	8,947	8,593	90,149
Total Assets	953,436	758,745	682,182	617,256	535,855	457,464
Accounts Payable	271,844	176,911	135,324	139,948	2,975	2,408
Accrued Expenses	11,098	7,446	6,381	6,134	138,229	111,971
Short-Term Debt	109,510	83,066	56,902	43,898	36,791	39,849
Current Portion of Long-Term Debt	28,274	218,609	216,274	181,171	4,905	5,001
Current Portion of Leases	-	311.31	307.7	287.53	301.57	237.98
Other Current Liabilities	29,637	40,530	54,671	33,020	17,377	6,096
Long-Term Debt	336,097	70,602	63,708	78,910	219,948	186,155
Long-Term Leases	894.55	688.24	662.48	501.19	540.19	415.09
Long-Term Unearned Revenue	144.21	-	-	-	111.17	47.09
Long-Term Deferred Tax Liabilities	318.46	149.42	449.05	574.49	741.36	418.32
Other Long-Term Liabilities	4,777	6,944	6,452	7,345	1,637	1,431
Total Liabilities	793,892	605,660	541,506	492,463	425,054	355,190
Common Stock	7,606	7,621	7,621	7,621	7,621	7,621
Additional Paid-In Capital	-	-	-	-	31,284	31,199
Retained Earnings	85,464	78,813	73,216	69,747	65,660	58,236
Comprehensive Income & Other	60,435	61,401	55,114	43,011	2,060	1,106
Total Common Equity	153,504	147,602	135,718	120,146	106,625	98,162
Minority Interest	6,040	5,483	4,958	4,647	4,177	4,111
Shareholders' Equity	159,545	153,085	140,676	124,793	110,801	102,274
Total Liabilities & Equity	953,436	758,745	682,182	617,256	535,855	457,464
Total Debt	474,776	373,276	337,855	304,768	262,485	231,658
Net Cash (Debt)	95,263	54,541	11,718	-6,046	-2,743	-57,980
Net Cash Growth	19.80%	365.46%	-	-	-	-
Net Cash Per Share	12.90	7.17	1.54	-0.79	-0.36	-7.61
Filing Date Shares Outstanding	7,606	7,606	7,646	7,606	7,621	7,621
Total Common Shares Outstanding	7,606	7,606	7,646	7,606	7,621	7,621
Working Capital	352,175	77,008	38,988	40,230	206,712	144,831
Book Value Per Share	16.69	15.91	14.81	14.35	13.86	12.88
Tangible Book Value	152,022	147,084	135,195	119,705	105,132	96,706
Tangible Book Value Per Share	16.49	15.84	14.74	14.29	13.66	12.69

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