Laopu Gold 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 2019
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 '19 Dec 31, 2019
Cash & Equivalents	2,516	732.65	69.84	60.28	25.19	5.98
Short-Term Investments	-	17.29	17.63	8.49	12.22	-
Cash & Short-Term Investments	2,516	749.94	87.47	68.77	37.41	5.98
Cash Growth	205.36%	757.34%	27.20%	83.85%	525.99%	-31.90%
Accounts Receivable	844.46	801.22	376.33	100.27	104.43	76.02
Other Receivables	-	157.79	8.77	2.22	4.35	-
Receivables	844.46	959	385.09	102.49	108.78	76.02
Inventory	8,685	4,088	1,268	806.84	770.34	605.99
Other Current Assets	704.8	36.5	35.34	26.89	6.35	38.39
Total Current Assets	12,750	5,833	1,776	1,005	922.88	726.37
Property, Plant & Equipment	569.97	414.88	309.77	248.4	220.74	15.66
Other Intangible Assets	3.85	3.12	2.88	3.07	2.68	2.4
Long-Term Deferred Tax Assets	46.1	21.43	12.54	9.23	7.87	5.63
Long-Term Deferred Charges	-	-	-	-	-	34.16
Other Long-Term Assets	93.39	64.05	57.53	25.53	14.8	16
Total Assets	13,463	6,337	2,159	1,291	1,169	800.22
Accounts Payable	503.84	228.2	57.66	5.11	7.09	3.63
Accrued Expenses	261.3	289.44	110.6	50.47	53.88	35.88
Short-Term Debt	3,183	1,373	127.75	136.23	128.59	82.77
Current Portion of Long-Term Debt	-	-	-	-	8.01	-
Current Portion of Leases	226.94	152.79	101.39	71.51	45.82	-
Current Income Taxes Payable	202.67	114.29	19.48	5.92	4.26	8.49
Current Unearned Revenue	15.69	9.89	27.77	8.82	5.63	-
Other Current Liabilities	1,189	80.49	29.49	13.33	13.99	95.38
Total Current Liabilities	5,582	2,249	474.14	291.38	267.27	226.15
Long-Term Debt	-	-	-	-	-	8.04
Long-Term Leases	215.5	163.83	165.42	127.19	129.03	-
Long-Term Unearned Revenue	0.81	0.92	1.15	0.89	0.57	-
Other Long-Term Liabilities	3.74	3.12	2.42	2.18	1.79	-
Total Liabilities	5,802	2,416	643.13	421.64	398.66	234.19
Common Stock	172.68	168.37	142.64	136.5	136.5	136.5
Additional Paid-In Capital	3,949	1,471	599.95	384.34	384.34	398.66
Retained Earnings	3,395	2,224	750.93	334.63	240.1	29.34
Comprehensive Income & Other	144.18	57.15	21.9	14.1	9.37	1.53
Shareholders' Equity	7,661	3,920	1,515	869.57	770.31	566.03
Total Liabilities & Equity	13,463	6,337	2,159	1,291	1,169	800.22
Total Debt	3,625	1,690	394.57	334.93	311.45	90.81
Net Cash (Debt)	-1,110	-940.14	-307.1	-266.16	-274.05	-84.83
Net Cash Per Share	-6.57	-6.04	-2.23	-1.95	-2.01	-0.63
Filing Date Shares Outstanding	172.68	168.37	142.64	136.5	136.5	136.5
Total Common Shares Outstanding	172.68	168.37	142.64	136.5	136.5	136.5
Working Capital	7,168	3,585	1,302	713.6	655.61	500.22
Book Value Per Share	44.37	23.28	10.62	6.37	5.64	4.15
Tangible Book Value	7,657	3,917	1,513	866.5	767.64	563.64
Tangible Book Value Per Share	44.34	23.27	10.60	6.35	5.62	4.13
Machinery	-	71.35	51.86	41.1	33.44	22.2
Leasehold Improvements	-	161.59	87.95	70.92	53.39	-

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