Greater Bay Area AI Computing Tech Co., Ltd. (HKG:1396)

HKG:1396 Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	170.41	13.06	25.96	76.11	1,373
Short-Term Investments	143.11	146.72	150.89	32.54	-
Trading Asset Securities	-	-	-	2.01	0.01
Cash & Short-Term Investments	313.52	159.78	176.84	110.66	1,373
Cash Growth	96.22%	-9.65%	59.81%	-91.94%	-23.37%
Accounts Receivable	383.66	64.23	221.91	211.07	292.95
Other Receivables	373.56	410.15	1,044	1,048	1,518
Receivables	757.22	559.38	1,351	1,324	1,916
Inventory	3,426	8,122	11,640	14,378	13,856
Prepaid Expenses	518.13	465.62	515.21	653.96	565.27
Restricted Cash	59.81	193.55	568.4	1,864	763.52
Other Current Assets	180.35	1,521	1,936	1,667	1,749
Total Current Assets	5,255	11,022	16,187	19,999	20,223
Property, Plant & Equipment	6,184	1,309	1,666	2,091	3,154
Long-Term Investments	-	4.7	4.68	142.94	217.39
Goodwill	818.43	-	-	2.25	2.25
Other Intangible Assets	202.96	6.51	9.7	12.58	15.88
Long-Term Accounts Receivable	-	-	-	-	6.41
Long-Term Deferred Tax Assets	169.58	315.38	354.67	460.19	193.62
Total Assets	12,631	12,658	18,222	22,707	23,873

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	525.63	1,538	2,082	2,653	2,525
Accrued Expenses	72.11	387.63	485.06	452.75	229.37
Short-Term Debt	1,815	109.58	196.15	689.48	653.01
Current Portion of Long-Term Debt	486.79	966.81	1,994	2,957	471.63
Current Portion of Leases	487.34	0.48	0.53	3.74	8.47
Current Income Taxes Payable	182.13	431.06	799.56	691.91	795.48
Current Unearned Revenue	987.71	3,287	4,661	4,942	4,187
Other Current Liabilities	433.82	1,082	1,387	1,921	3,620
Total Current Liabilities	4,991	7,803	11,605	14,312	12,490
Long-Term Debt	645.83	4,724	4,345	4,670	5,481
Long-Term Leases	1,721	-	0.2	0.63	27.32
Long-Term Deferred Tax Liabilities	116.98	30.11	26.86	123.07	132.99
Other Long-Term Liabilities	1,174	-	-	87.52	84.18
Total Liabilities	8,649	12,558	15,977	19,193	18,216

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	99.24	69.58	36.6	36.6	36.6
Additional Paid-In Capital	3,016	1,217	1,188	1,188	1,188
Retained Earnings	-2,045	-2,136	-301.16	908.12	2,460
Comprehensive Income & Other	2,874	1,238	1,315	1,289	1,403
Total Common Equity	3,945	389.13	2,239	3,422	5,088
Minority Interest	37.48	-288.92	5.78	93.06	569.06
Shareholders' Equity	3,982	100.21	2,244	3,515	5,657
Total Liabilities & Equity	12,631	12,658	18,222	22,707	23,873

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	5,156	5,801	6,536	8,321	6,642
Net Cash (Debt)	-4,843	-5,641	-6,359	-8,210	-5,268
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-4.46	-10.21	-14.02	-18.09	-11.61
Filing Date Shares Outstanding	1,144	814.1	453.74	453.74	453.74
Total Common Shares Outstanding	1,144	814.1	453.74	453.74	453.74
Working Capital	264.45	3,219	4,582	5,687	7,732
Book Value Per Share	3.45	0.48	4.93	7.54	11.21
Tangible Book Value	2,923	382.62	2,229	3,407	5,070
Tangible Book Value Per Share	2.56	0.47	4.91	7.51	11.17
Land	-	-	0.54	222.17	444.23
Machinery	3,259	104.42	113.85	119.57	179.01
Construction In Progress	18.26	-	-	-	-
Leasehold Improvements	34.94	-	-	-	-
Order Backlog	15,000	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 31, 2026

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