Guoxia Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	46.69	50.26	14.24	7.3
Short-Term Investments	8.21	3.29	0.84	0.13
Trading Asset Securities	-	89.91	7	-
Cash & Short-Term Investments	54.89	143.46	22.08	7.43
Cash Growth	639.29%	549.84%	197.32%	-
Accounts Receivable	1,040	561.95	166.54	41.59
Other Receivables	26.14	19.88	6.59	8.34
Receivables	1,082	639.58	180.28	51.53
Inventory	295.67	115.63	120.31	32.37
Other Current Assets	98.26	81.44	18.76	15.49
Total Current Assets	1,531	980.11	341.43	106.81
Property, Plant & Equipment	173.44	158.96	93.07	4.84
Long-Term Investments	5.55	4.57	1.73	-
Other Intangible Assets	4.38	1.85	1.98	-
Long-Term Deferred Tax Assets	6.36	2.59	0.38	0.07
Other Long-Term Assets	10	-	9.59	-
Total Assets	1,731	1,148	448.18	111.72
Accounts Payable	850.74	438.94	132.78	24.22
Accrued Expenses	9.73	9.2	6.78	3.37
Short-Term Debt	324.68	314.89	131.62	37.02
Current Portion of Long-Term Debt	20.1	4.16	-	1.21
Current Portion of Leases	4.25	67.57	5.7	0.1
Current Income Taxes Payable	6.25	5.93	2.56	3.07
Current Unearned Revenue	111.99	82.11	0.09	10.78
Other Current Liabilities	11.7	9.73	7.29	2.24
Total Current Liabilities	1,339	932.52	286.83	82.01
Long-Term Debt	75.67	19.04	-	-
Long-Term Leases	9.95	0.21	64.91	0.2
Long-Term Deferred Tax Liabilities	1.67	1.67	0.45	0.58
Other Long-Term Liabilities	4.11	1.85	1.33	0.15
Total Liabilities	1,431	955.28	353.51	82.94
Common Stock	94.59	30.71	16.33	6
Retained Earnings	100.26	100.03	50.91	22.78
Comprehensive Income & Other	104	60.94	27.4	-
Total Common Equity	298.85	191.67	94.64	28.78
Minority Interest	1.12	1.12	0.02	0.01
Shareholders' Equity	299.97	192.79	94.66	28.79
Total Liabilities & Equity	1,731	1,148	448.18	111.72
Total Debt	434.65	405.86	202.23	38.53
Net Cash (Debt)	-379.76	-262.4	-180.15	-31.1
Net Cash Per Share	-4.88	-4.67	-5.36	-2.70
Filing Date Shares Outstanding	506.79	63.46	33.63	11.52
Total Common Shares Outstanding	94.59	63.46	33.63	11.52
Working Capital	191.65	47.58	54.61	24.8
Book Value Per Share	3.16	3.02	2.81	2.50
Tangible Book Value	294.48	189.83	92.66	28.78
Tangible Book Value Per Share	3.11	2.99	2.76	2.50
Machinery	88.02	48.3	13.8	4.55
Construction In Progress	2.72	35.02	10.53	-
Leasehold Improvements	14.9	14.77	-	-

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