Grace Wine Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

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	21.75	34.49	41.87	73.37	67.68
Short-Term Investments	2.56	1.36	1.44	1.68	0.77
Cash & Short-Term Investments	24.3	35.85	43.31	75.05	68.45
Cash Growth	-32.20%	-17.23%	-42.29%	9.64%	-25.28%
Accounts Receivable	0.8	0.78	0.92	1.59	1.54
Other Receivables	1	11.42	11.65	9.12	11.36
Receivables	1.8	12.2	12.57	10.71	12.9
Inventory	99.68	99.24	82.18	71.13	67.22
Prepaid Expenses	0.76	1.1	2	3.58	2.33
Total Current Assets	126.54	148.38	140.06	160.47	150.91
Property, Plant & Equipment	57.2	163.96	180.95	159.38	146.86
Long-Term Investments	0.69	1.06	1	-	-
Goodwill	1.36	1.36	4.09	4.09	4.09
Long-Term Deferred Tax Assets	3.32	3.8	5.11	5.24	3.7
Other Long-Term Assets	-	-	-	1.66	3.77
Total Assets	189.11	318.56	331.2	330.84	309.33
Accounts Payable	0.93	1.26	0.01	0.17	6.68
Accrued Expenses	0.97	1.69	4.53	1.69	1.6
Short-Term Debt	2.11	10.79	10.79	10.79	-
Current Portion of Long-Term Debt	-	3.34	2	8	-
Current Portion of Leases	0.3	0.23	0.04	0.26	0.74
Current Income Taxes Payable	5.12	5.72	1.05	2.25	4.07
Current Unearned Revenue	0.78	0.66	1.43	12.52	4.85
Other Current Liabilities	2.91	3.16	5.81	16.11	28.33
Total Current Liabilities	13.11	26.86	25.66	51.78	46.27
Long-Term Debt	-	59.04	32.67	17.32	-
Long-Term Leases	2.58	2.44	2.22	2.35	0.23
Long-Term Deferred Tax Liabilities	4.62	4.09	3.84	3.12	2.73
Total Liabilities	20.31	92.43	64.38	74.56	49.22
Common Stock	0.68	0.68	0.68	0.68	0.67
Additional Paid-In Capital	48.43	137.72	137.72	137.72	141.58
Retained Earnings	87.51	89.67	130.69	120.47	121.07
Comprehensive Income & Other	-48.1	-1.93	-2.26	-2.59	-3.22
Total Common Equity	88.51	226.13	266.82	256.27	260.1
Minority Interest	80.29	-	-	-	-
Shareholders' Equity	168.8	226.13	266.82	256.27	260.1
Total Liabilities & Equity	189.11	318.56	331.2	330.84	309.33
Total Debt	4.99	75.84	47.71	38.71	0.97
Net Cash (Debt)	19.32	-39.99	-4.39	36.34	67.48
Net Cash Growth	-	-	-	-46.16%	-24.71%
Net Cash Per Share	0.02	-0.05	-0.01	0.05	0.08
Filing Date Shares Outstanding	800.6	800.6	800.6	800.6	800
Total Common Shares Outstanding	800.6	800.6	800.6	800.6	800
Working Capital	113.43	121.52	114.4	108.69	104.64
Book Value Per Share	0.11	0.28	0.33	0.32	0.33
Tangible Book Value	87.15	224.77	262.73	252.18	256.02
Tangible Book Value Per Share	0.11	0.28	0.33	0.31	0.32
Buildings	6.89	7.74	157.37	154.85	91.55
Machinery	65.96	92.47	92.32	78.17	72.82
Construction In Progress	0.01	1.34	26.37	14.99	65.17
Leasehold Improvements	95.81	191.84	6.87	6.63	6.63

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