GDH Guangnan (Holdings) Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	959.16	954.81	1,036	1,212	969.21
Cash & Short-Term Investments	959.16	954.81	1,036	1,212	969.21
Cash Growth	0.46%	-7.83%	-14.50%	25.01%	8.28%
Accounts Receivable	769.96	868.26	691.11	712.5	612.93
Other Receivables	726.53	557.02	346.71	214.27	299.44
Receivables	1,496	1,425	1,038	926.77	912.37
Inventory	483.05	423.27	486.33	526.05	478.92
Other Current Assets	14.27	9.37	9.58	18.81	14.6
Total Current Assets	2,953	2,813	2,570	2,683	2,375
Property, Plant & Equipment	1,964	1,880	1,969	1,854	1,520
Long-Term Investments	167.58	161.06	164.6	261.21	353.91
Goodwill	84.73	84.58	85.9	85.41	1.42
Total Assets	5,169	4,938	4,789	4,884	4,251
Accounts Payable	227.77	562.55	501.54	321.93	595.23
Accrued Expenses	-	0.21	0.18	0.17	1.49
Short-Term Debt	-	-	-	-	85.62
Current Portion of Long-Term Debt	434.83	516.65	395.56	728.39	200
Current Portion of Leases	15.76	14.3	8.66	8.87	4.13
Current Income Taxes Payable	3.28	14.7	16.93	14.54	5.65
Current Unearned Revenue	-	83.74	50.34	57.95	54.3
Other Current Liabilities	951.55	333.89	391.6	589.41	265.92
Total Current Liabilities	1,633	1,526	1,365	1,721	1,212
Long-Term Debt	436.57	463.66	527.59	268.19	72.21
Long-Term Leases	16.62	12.45	7.84	13.39	11.02
Long-Term Unearned Revenue	10.83	12.38	7.61	9.12	11.49
Pension & Post-Retirement Benefits	1.26	1.6	-	-	-
Long-Term Deferred Tax Liabilities	67.01	65.36	71.22	74.19	35.4
Other Long-Term Liabilities	-	-	14.3	13.96	-
Total Liabilities	2,165	2,081	1,993	2,100	1,342
Common Stock	459.65	459.65	459.65	459.65	459.65
Retained Earnings	-	1,959	1,852	1,834	1,733
Comprehensive Income & Other	2,251	173.9	257.91	279.78	486.87
Total Common Equity	2,710	2,593	2,570	2,574	2,679
Minority Interest	293.53	264.09	225.63	210.02	229.11
Shareholders' Equity	3,004	2,857	2,796	2,784	2,908
Total Liabilities & Equity	5,169	4,938	4,789	4,884	4,251
Total Debt	903.78	1,007	939.65	1,019	372.97
Net Cash (Debt)	55.37	-52.24	96.28	192.8	596.24
Net Cash Growth	-	-	-50.06%	-67.66%	-28.42%
Net Cash Per Share	0.06	-0.06	0.11	0.21	0.66
Filing Date Shares Outstanding	907.59	907.59	907.59	907.59	907.59
Total Common Shares Outstanding	907.59	907.59	907.59	907.59	907.59
Working Capital	1,320	1,287	1,205	962.01	1,163
Book Value Per Share	2.99	2.86	2.83	2.84	2.95
Tangible Book Value	2,626	2,508	2,484	2,488	2,678
Tangible Book Value Per Share	2.89	2.76	2.74	2.74	2.95
Buildings	-	1,538	1,414	1,129	772.78
Machinery	-	1,077	1,227	1,034	1,004
Construction In Progress	-	4.9	8.33	270.79	464.81
Leasehold Improvements	-	24.62	16.42	11.99	2.1

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