Grace Wine Holdings 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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	34.46	34.49	41.87	73.37	67.68	90.84
Short-Term Investments	-	1.36	1.44	1.68	0.77	0.77
Cash & Short-Term Investments	34.46	35.85	43.31	75.05	68.45	91.61
Cash Growth	9.21%	-17.23%	-42.29%	9.64%	-25.28%	-3.32%
Accounts Receivable	1.01	0.78	0.92	1.59	1.54	1.24
Other Receivables	2.58	11.42	11.65	9.12	11.36	0.48
Receivables	3.59	12.2	12.57	10.71	12.9	1.72
Inventory	92.87	99.24	82.18	71.13	67.22	66.99
Prepaid Expenses	3.94	1.1	2	3.58	2.33	3.15
Total Current Assets	134.85	148.38	140.06	160.47	150.91	163.47
Property, Plant & Equipment	59.15	163.96	180.95	159.38	146.86	106.15
Long-Term Investments	1.06	1.06	1	-	-	-
Goodwill	1.36	1.36	4.09	4.09	4.09	4.09
Long-Term Deferred Tax Assets	3.26	3.8	5.11	5.24	3.7	0.96
Other Long-Term Assets	-	-	-	1.66	3.77	4.24
Total Assets	199.69	318.56	331.2	330.84	309.33	278.9
Accounts Payable	0.33	1.26	0.01	0.17	6.68	5.45
Accrued Expenses	-	2.07	4.53	1.69	1.6	1.43
Short-Term Debt	-	10.79	10.79	10.79	-	0.03
Current Portion of Long-Term Debt	-	3.34	2	8	-	-
Current Portion of Leases	0.27	0.23	0.04	0.26	0.74	0.87
Current Income Taxes Payable	5.25	5.72	1.05	2.25	4.07	1.42
Current Unearned Revenue	-	0.66	1.43	12.52	4.85	3.68
Other Current Liabilities	16.18	2.78	5.81	16.11	28.33	10.05
Total Current Liabilities	22.03	26.86	25.66	51.78	46.27	22.92
Long-Term Debt	-	59.04	32.67	17.32	-	-
Long-Term Leases	2.36	2.44	2.22	2.35	0.23	1.08
Long-Term Unearned Revenue	-	-	-	-	-	0.3
Long-Term Deferred Tax Liabilities	4.43	4.09	3.84	3.12	2.73	2.13
Total Liabilities	28.82	92.43	64.38	74.56	49.22	26.43
Common Stock	0.68	0.68	0.68	0.68	0.67	0.67
Additional Paid-In Capital	137.72	137.72	137.72	137.72	141.58	141.58
Retained Earnings	-2.37	89.67	130.69	120.47	121.07	113.33
Comprehensive Income & Other	-46.31	-1.93	-2.26	-2.59	-3.22	-3.11
Shareholders' Equity	170.87	226.13	266.82	256.27	260.1	252.47
Total Liabilities & Equity	199.69	318.56	331.2	330.84	309.33	278.9
Total Debt	2.62	75.84	47.71	38.71	0.97	1.98
Net Cash (Debt)	31.84	-39.99	-4.39	36.34	67.48	89.63
Net Cash Growth	-	-	-	-46.16%	-24.71%	-3.21%
Net Cash Per Share	0.04	-0.05	-0.01	0.05	0.08	0.11
Filing Date Shares Outstanding	800.6	800.6	800.6	800.6	800	800
Total Common Shares Outstanding	800.6	800.6	800.6	800.6	800	800
Working Capital	112.82	121.52	114.4	108.69	104.64	140.55
Book Value Per Share	0.11	0.28	0.33	0.32	0.33	0.32
Tangible Book Value	88.36	224.77	262.73	252.18	256.02	248.38
Tangible Book Value Per Share	0.11	0.28	0.33	0.31	0.32	0.31
Buildings	-	191.84	157.37	154.85	91.55	91.89
Machinery	-	92.47	92.32	78.17	72.82	72.61
Construction In Progress	-	1.34	26.37	14.99	65.17	15.24
Leasehold Improvements	-	7.74	6.87	6.63	6.63	6.63

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.