FRA:GZ3 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	Jun '25 Jun 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	2,169	1,978	2,381	2,480	2,919	1,516
Cash & Short-Term Investments	2,169	1,978	2,381	2,480	2,919	1,516
Cash Growth	-16.14%	-16.90%	-4.01%	-15.02%	92.52%	5.64%
Accounts Receivable	211.09	187.51	112.39	127.73	153.03	204.36
Other Receivables	197.08	85.07	141.38	167.88	221.35	157.68
Receivables	408.17	272.58	253.77	295.61	374.38	362.04
Total Current Assets	2,577	2,251	2,635	2,776	3,293	1,878
Property, Plant & Equipment	66.12	76.08	46.35	56.75	59.85	83.12
Long-Term Investments	1,951	2,012	2,079	2,287	2,561	2,024
Goodwill	514.58	514.58	514.58	514.58	514.58	632.62
Other Intangible Assets	31,171	31,645	30,267	30,658	29,195	31,713
Other Long-Term Assets	1,094	1,002	954.97	38.58	37.9	37.14
Total Assets	37,379	37,507	36,502	36,337	35,661	36,368
Accounts Payable	58.49	52.09	46.54	47.33	60.77	73.23
Current Portion of Long-Term Debt	3,081	3,900	6,619	6,424	3,466	2,886
Current Portion of Leases	10.06	10.43	1.76	10.83	10.13	10.51
Current Income Taxes Payable	76.99	92.38	78.93	51.34	70.19	81.86
Current Unearned Revenue	27.57	24.71	15.79	23.25	25.57	22.31
Other Current Liabilities	1,155	1,183	1,072	876.19	961.14	1,159
Total Current Liabilities	4,409	5,263	7,835	7,433	4,594	4,233
Long-Term Debt	13,994	13,563	10,456	11,320	13,224	14,815
Long-Term Leases	8.27	12.67	3.31	5.14	11.31	19.51
Long-Term Unearned Revenue	261.87	272.98	286.26	292.75	312.58	332.86
Long-Term Deferred Tax Liabilities	2,961	2,989	3,072	3,052	3,046	3,301
Other Long-Term Liabilities	-	-	-	-	-	13.37
Total Liabilities	21,634	22,101	21,653	22,102	21,188	22,714
Common Stock	147.32	147.32	147.32	147.32	147.32	147.32
Additional Paid-In Capital	2,376	2,376	2,376	2,376	2,376	2,376
Retained Earnings	7,081	6,919	6,683	6,301	6,588	5,499
Comprehensive Income & Other	2,404	2,407	2,407	2,406	2,400	2,403
Total Common Equity	12,008	11,848	11,613	11,230	11,512	10,425
Minority Interest	3,738	3,558	3,237	3,005	2,961	3,229
Shareholders' Equity	15,745	15,406	14,850	14,235	14,473	13,654
Total Liabilities & Equity	37,379	37,507	36,502	36,337	35,661	36,368
Total Debt	17,094	17,487	17,081	17,759	16,712	17,731
Net Cash (Debt)	-14,925	-15,509	-14,700	-15,279	-13,793	-16,215
Net Cash Per Share	-8.92	-9.27	-8.79	-9.13	-8.24	-9.69
Filing Date Shares Outstanding	1,673	1,673	1,673	1,673	1,673	1,673
Total Common Shares Outstanding	1,673	1,673	1,673	1,673	1,673	1,673
Working Capital	-1,832	-3,012	-5,200	-4,657	-1,301	-2,355
Book Value Per Share	7.18	7.08	6.94	6.71	6.88	6.23
Tangible Book Value	-19,678	-20,311	-19,168	-19,942	-18,198	-21,921
Tangible Book Value Per Share	-11.76	-12.14	-11.46	-11.92	-10.88	-13.10
Buildings	-	18.69	18.29	18.03	16.51	16.99
Machinery	-	126.84	126.68	126.3	116.06	139.24

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