Guangdong Investment Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	14,783	12,154	12,594	8,938	9,595
Cash & Short-Term Investments	14,783	14,783	12,154	12,594	8,938	9,595
Cash Growth	21.63%	21.63%	-3.49%	40.90%	-6.85%	-7.45%
Accounts Receivable	-	5,699	4,606	4,228	3,315	2,659
Other Receivables	-	3,135	2,904	4,685	3,593	3,229
Receivables	-	8,834	7,510	8,913	6,907	5,888
Inventory	-	626.7	401.88	33,184	35,724	35,149
Restricted Cash	-	22.82	19.46	487.88	583.07	469.41
Other Current Assets	-	-	40,663	99.41	67.96	62.2
Total Current Assets	-	24,267	60,748	55,278	52,221	51,164
Property, Plant & Equipment	-	11,284	11,009	11,347	8,181	8,924
Long-Term Investments	-	5,297	7,009	3,760	4,086	4,421
Goodwill	-	793.19	810.99	851.73	841.2	804.96
Other Intangible Assets	-	23,426	20,634	22,298	22,549	21,822
Long-Term Deferred Tax Assets	-	168.03	198.98	1,261	1,282	1,224
Other Long-Term Assets	-	36,507	35,185	45,170	44,354	41,670
Total Assets	-	101,741	135,595	139,966	133,515	130,031
Accounts Payable	-	5,603	5,612	6,070	6,225	3,828
Accrued Expenses	-	6,044	4,836	8,911	7,595	9,792
Short-Term Debt	-	75.27	47.51	59.58	2,035	566.71
Current Portion of Long-Term Debt	-	6,657	7,705	15,682	8,683	7,560
Current Portion of Leases	-	46.51	84.76	47.71	77.73	89.12
Current Income Taxes Payable	-	556.68	603.43	2,683	3,207	3,705
Current Unearned Revenue	-	1,185	1,301	10,818	6,832	3,667
Other Current Liabilities	-	904.21	35,549	1,394	1,015	8,037
Total Current Liabilities	-	21,071	55,738	45,666	35,668	37,245
Long-Term Debt	-	15,359	16,532	27,180	30,804	21,929
Long-Term Leases	-	208.3	294.38	558.11	563.17	937.32
Long-Term Unearned Revenue	-	381.48	378.15	401.51	383.8	318.29
Pension & Post-Retirement Benefits	-	214.23	78.75	81.35	122.32	134.14
Long-Term Deferred Tax Liabilities	-	5,499	5,050	7,149	6,577	6,430
Other Long-Term Liabilities	-	868.69	849.35	900.32	887.12	1,132
Total Liabilities	-	43,602	78,920	81,936	75,005	68,126
Common Stock	-	8,966	8,966	8,966	8,966	8,966
Retained Earnings	-	33,433	33,637	32,872	33,754	32,994
Comprehensive Income & Other	-	524.66	-945.47	-35.6	608.12	4,250
Total Common Equity	42,924	42,924	41,658	41,802	43,329	46,211
Minority Interest	-	15,215	15,017	16,227	15,181	15,694
Shareholders' Equity	58,139	58,139	56,675	58,030	58,509	61,905
Total Liabilities & Equity	-	101,741	135,595	139,966	133,515	130,031
Total Debt	22,346	22,346	24,664	43,527	42,162	31,082
Net Cash (Debt)	-7,563	-7,563	-12,510	-30,933	-33,224	-21,487
Net Cash Per Share	-1.16	-1.16	-1.91	-4.73	-5.08	-3.29
Filing Date Shares Outstanding	6,538	6,538	6,538	6,538	6,538	6,538
Total Common Shares Outstanding	6,538	6,538	6,538	6,538	6,538	6,538
Working Capital	-	3,195	5,011	9,612	16,552	13,920
Book Value Per Share	6.57	6.57	6.37	6.39	6.63	7.07
Tangible Book Value	18,705	18,705	20,213	18,652	19,938	23,584
Tangible Book Value Per Share	2.86	2.86	3.09	2.85	3.05	3.61
Land	-	4,634	4,465	4,624	2,144	2,231
Machinery	-	7,348	6,685	6,706	6,136	5,950
Construction In Progress	-	457.56	793.24	396.98	438.52	920.58
Leasehold Improvements	-	539.56	531.02	530.81	528.11	514.78

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