Guming Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	4,321	1,935	2,428	1,147	151.81
Short-Term Investments	15.23	16.86	18.88	18.7	16.79
Trading Asset Securities	1,347	1,245	197.29	37.35	241.68
Cash & Short-Term Investments	5,683	3,197	2,644	1,203	410.28
Cash Growth	77.78%	20.90%	119.75%	193.28%	-
Accounts Receivable	721.62	326.13	79.46	37.51	34.4
Other Receivables	134.79	129.4	88.34	45.06	23.22
Receivables	856.41	455.53	167.8	82.58	57.62
Inventory	1,300	984.24	881.14	705.56	706.79
Prepaid Expenses	54.38	53.14	29.08	19.98	20.94
Restricted Cash	6,482	41.51	124	-	-
Other Current Assets	186.24	128.45	162.52	153.21	171.91
Total Current Assets	14,562	4,860	4,009	2,165	1,368
Property, Plant & Equipment	1,172	1,115	768.46	449.57	319.1
Long-Term Investments	652.63	759.62	298.51	367.07	287.5
Other Intangible Assets	0.64	0.85	0.11	0.47	2.17
Long-Term Accounts Receivable	176.31	109.87	-	-	-
Long-Term Deferred Tax Assets	53.76	24.99	40.25	46.66	42.93
Other Long-Term Assets	32.6	4.73	36.93	3.34	24.26
Total Assets	16,650	6,875	5,153	3,032	2,044

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
Accounts Payable	992.11	697.89	601.27	389.54	149.59
Accrued Expenses	351.91	221.9	188.8	117.98	143.68
Short-Term Debt	6,322	-	124	-	-
Current Portion of Long-Term Debt	-	3,182	3,156	2,819	-
Current Portion of Leases	28.68	37.16	43.67	52.2	44.66
Current Income Taxes Payable	293.1	64.97	38.81	53.37	166.81
Current Unearned Revenue	47.82	79.12	76.21	57.52	65.34
Other Current Liabilities	2,476	169.6	133.42	176.13	2,510
Total Current Liabilities	10,512	4,452	4,362	3,666	3,080
Long-Term Debt	139.35	121.23	-	-	-
Long-Term Leases	29	17	26.52	54.14	82.87
Long-Term Unearned Revenue	32.48	35.96	36.58	59.77	63.23
Long-Term Deferred Tax Liabilities	95.28	136.13	112.13	68.71	23
Total Liabilities	10,808	4,763	4,537	3,848	3,249

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
Common Stock	0.16	0.13	0.13	0.11	0.11
Retained Earnings	3,355	1,586	107.25	-972.38	-1,339
Comprehensive Income & Other	2,469	480.41	475.62	139.89	122.7
Total Common Equity	5,824	2,066	582.99	-832.38	-1,216
Minority Interest	18.43	45.73	32.51	15.79	10.38
Shareholders' Equity	5,842	2,112	615.51	-816.59	-1,206
Total Liabilities & Equity	16,650	6,875	5,153	3,032	2,044

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
Total Debt	6,519	3,357	3,350	2,925	127.53
Net Cash (Debt)	-836.35	-160.28	-706.06	-1,722	282.75
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.36	-0.08	-0.34	-	-
Filing Date Shares Outstanding	2,378	2,378	1,887	-	-
Total Common Shares Outstanding	2,378	1,887	1,887	-	-
Working Capital	4,050	407.36	-353.53	-1,501	-1,713
Book Value Per Share	2.45	1.10	0.31	-	-
Tangible Book Value	5,823	2,065	582.89	-832.86	-1,218
Tangible Book Value Per Share	2.45	1.09	0.31	-	-
Buildings	467.83	471.25	-	-	-
Machinery	456.25	401.74	270.78	239.31	148.89
Construction In Progress	258.64	201.39	396.43	16.39	54.57
Leasehold Improvements	96.51	83.21	76.29	78.45	28.17