Ginwa Enterprise (Group) 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	Sep '25 Sep 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	235.47	347.68	620.45	434.49	160.8	369.95
Trading Asset Securities	111.66	25.02	56.83	145.14	490.18	323.58
Cash & Short-Term Investments	347.12	372.7	677.28	579.64	650.99	693.54
Cash Growth	-2.14%	-44.97%	16.84%	-10.96%	-6.13%	45.24%
Accounts Receivable	136.32	132.48	134.99	151.47	134.16	172.94
Other Receivables	55.16	214.53	7.13	165.25	2.55	1.52
Receivables	191.48	347.01	142.12	316.72	136.71	174.46
Inventory	28.06	31.9	26.25	25.15	34.71	39.53
Other Current Assets	60.57	30.75	355.82	27.1	30.23	19.88
Total Current Assets	627.23	782.37	1,201	948.61	852.63	927.41
Property, Plant & Equipment	657.1	512.19	245.88	512.4	498.81	517.1
Long-Term Investments	513.59	507.61	505.87	347.53	360.09	369.27
Other Intangible Assets	76.52	71.86	75.48	75.48	78.55	63.56
Long-Term Deferred Tax Assets	57.38	59.29	30.54	25.81	29.9	18.95
Long-Term Deferred Charges	11.6	19.45	20.77	28.54	10.28	24.76
Other Long-Term Assets	13.33	19.31	28.55	36.05	39.93	37.52
Total Assets	1,957	1,972	2,109	1,974	1,870	1,959
Accounts Payable	7.97	37.62	9.28	15.78	15.74	13.47
Accrued Expenses	3.94	91.73	257.95	64.44	35	60.64
Short-Term Debt	62.3	34.56	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	50.1
Current Portion of Leases	18.89	2.68	5.35	4.15	-	-
Current Income Taxes Payable	9.04	-	3.57	4.45	-	4.05
Current Unearned Revenue	0.39	0.97	0.72	6.61	3.78	7.21
Other Current Liabilities	222.3	199.54	170.03	177.1	95.74	96.57
Total Current Liabilities	324.82	367.09	446.91	272.53	150.26	232.04
Long-Term Leases	4.12	8.96	5.43	11.7	-	-
Long-Term Unearned Revenue	34.39	20.72	0.21	0.25	0.28	0.31
Long-Term Deferred Tax Liabilities	1.46	2.32	1.95	6.17	4.97	4.89
Other Long-Term Liabilities	8.82	13.5	15.63	0.01	58.46	-
Total Liabilities	373.61	412.59	470.12	290.65	213.97	237.24
Common Stock	373.27	373.27	373.27	373.27	373.27	373.27
Additional Paid-In Capital	821.35	821.35	821.35	821.35	821.35	820.73
Retained Earnings	667.87	643.97	569.36	605.2	571.74	623.5
Treasury Stock	-149.5	-149.5	-	-	-	-
Comprehensive Income & Other	-128.59	-128.59	-125.55	-116.05	-110.14	-96.16
Total Common Equity	1,584	1,560	1,638	1,684	1,656	1,721
Minority Interest	-1.25	-1.01	-	-	-	-
Shareholders' Equity	1,583	1,559	1,638	1,684	1,656	1,721
Total Liabilities & Equity	1,957	1,972	2,109	1,974	1,870	1,959
Total Debt	85.31	46.19	10.78	15.85	-	50.1
Net Cash (Debt)	261.81	326.51	666.5	563.79	650.99	643.44
Net Cash Growth	-12.91%	-51.01%	18.22%	-13.39%	1.17%	50.50%
Net Cash Per Share	0.75	0.91	1.79	1.51	1.75	1.81
Filing Date Shares Outstanding	352.71	352.71	373.27	373.27	373.27	373.27
Total Common Shares Outstanding	352.71	352.71	373.27	373.27	373.27	373.27
Working Capital	302.42	415.27	754.56	676.07	702.38	695.37
Book Value Per Share	4.49	4.42	4.39	4.51	4.44	4.61
Tangible Book Value	1,508	1,489	1,563	1,608	1,578	1,658
Tangible Book Value Per Share	4.28	4.22	4.19	4.31	4.23	4.44
Buildings	-	127.25	127.25	579.73	579.73	579.64
Machinery	-	98.8	89.38	155.69	146.95	144.61
Construction In Progress	-	373.69	110.83	197.28	190.9	189.85

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