Grand Ming Group Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	42.63	33.62	62.56	225.43	113.09	369.61
Short-Term Investments	72.84	-	-	197.24	88.77	83.51
Trading Asset Securities	-	0.4	0.92	-	-	-
Cash & Short-Term Investments	115.46	34.02	63.49	422.67	201.86	453.12
Cash Growth	-16.49%	-46.41%	-84.98%	109.39%	-55.45%	195.62%
Accounts Receivable	32.03	30.27	36.53	82.13	296.97	337.68
Other Receivables	2.3	14.38	6.63	-	2.06	1.92
Receivables	34.33	44.65	43.17	82.13	299.03	339.6
Inventory	1,513	1,483	1,774	1,728	4,134	3,203
Prepaid Expenses	-	4.58	64.93	-	-	-
Other Current Assets	111.55	192.96	560.41	389.43	702.93	857.83
Total Current Assets	1,774	1,759	2,506	2,622	5,338	4,853
Property, Plant & Equipment	737.4	7,239	6,766	5,431	5,271	4,927
Long-Term Investments	-	0.36	22.58	15.45	8.93	8.34
Other Intangible Assets	0.5	0.5	0.5	0.5	0.5	0.5
Long-Term Deferred Tax Assets	85.61	87.88	81.01	71.31	44.7	38.99
Other Long-Term Assets	6,808	9.94	10.13	9.67	11.02	11.89
Total Assets	9,406	9,096	9,386	8,150	10,674	9,840
Accounts Payable	212	157.16	60.87	47.38	91.05	203.04
Current Portion of Long-Term Debt	5,383	5,066	1,657	770.95	4,908	2,530
Current Income Taxes Payable	14.21	12.95	274.65	265.82	1.94	34.57
Current Unearned Revenue	25.24	37.8	24.94	1.01	3,312	2,878
Other Current Liabilities	235.35	255.45	106.36	150.53	172.61	156.3
Total Current Liabilities	5,870	5,530	2,124	1,236	8,486	5,802
Long-Term Debt	733.56	744.43	4,221	3,859	0.84	1,508
Long-Term Deferred Tax Liabilities	101.97	98.8	88.7	73.62	61	53.12
Other Long-Term Liabilities	7.47	2.43	-	-	-	-
Total Liabilities	6,713	6,376	6,433	5,168	8,548	7,363
Common Stock	14.2	14.2	14.2	14.2	14.2	14.2
Additional Paid-In Capital	-	95.05	95.05	92.93	91.54	91.54
Retained Earnings	-	2,536	2,828	2,869	2,019	2,399
Comprehensive Income & Other	2,679	75.88	16	5.9	0.6	-27.33
Shareholders' Equity	2,693	2,721	2,953	2,982	2,126	2,478
Total Liabilities & Equity	9,406	9,096	9,386	8,150	10,674	9,840
Total Debt	6,116	5,811	5,878	4,630	4,909	4,038
Net Cash (Debt)	-6,001	-5,777	-5,814	-4,207	-4,707	-3,585
Net Cash Per Share	-4.23	-4.07	-4.09	-2.96	-3.32	-2.53
Filing Date Shares Outstanding	1,420	1,420	1,420	1,420	1,420	1,420
Total Common Shares Outstanding	1,420	1,420	1,420	1,420	1,420	1,420
Working Capital	-4,096	-3,771	381.87	1,386	-3,149	-948.25
Book Value Per Share	1.90	1.92	2.08	2.10	1.50	1.75
Tangible Book Value	2,693	2,720	2,953	2,981	2,125	2,477
Tangible Book Value Per Share	1.90	1.92	2.08	2.10	1.50	1.74
Buildings	-	922.49	922.64	922.94	868.71	868.38
Machinery	-	37.84	37.51	36.49	64.36	60.58
Order Backlog	-	2,050	-	-	-	-

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