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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	208.84	310.79	347.68	620.45	434.49	160.8
Trading Asset Securities	122.81	49.28	25.02	56.83	145.14	490.18
Cash & Short-Term Investments	331.66	360.08	372.7	677.28	579.64	650.99
Cash Growth	25.16%	-3.39%	-44.97%	16.84%	-10.96%	-6.13%
Accounts Receivable	133.89	142.96	132.48	134.99	151.47	134.16
Other Receivables	57.9	61.45	214.53	7.13	165.25	2.55
Receivables	191.79	204.42	347.01	142.12	316.72	136.71
Inventory	34.67	32.81	31.9	26.25	25.15	34.71
Other Current Assets	42.06	23.87	30.75	355.82	27.1	30.23
Total Current Assets	600.18	621.18	782.37	1,201	948.61	852.63
Property, Plant & Equipment	653.39	617.76	512.19	245.88	512.4	498.81
Long-Term Investments	507.14	504.71	507.61	505.87	347.53	360.09
Other Intangible Assets	102	103.79	71.86	75.48	75.48	78.55
Long-Term Deferred Tax Assets	58.32	56.39	59.29	30.54	25.81	29.9
Long-Term Deferred Charges	10.17	10.97	19.45	20.77	28.54	10.28
Other Long-Term Assets	31.69	13.17	19.31	28.55	36.05	39.93
Total Assets	1,963	1,928	1,972	2,109	1,974	1,870
Accounts Payable	4.64	8.89	37.62	9.28	15.78	15.74
Accrued Expenses	3.81	4	91.73	257.95	64.44	35
Short-Term Debt	28.1	-	34.56	-	-	-
Current Portion of Long-Term Debt	20.43	20.63	-	-	-	-
Current Portion of Leases	-	-	2.68	5.35	4.15	-
Current Income Taxes Payable	3.7	15.45	-	3.57	4.45	-
Current Unearned Revenue	1.15	3.1	0.97	0.72	6.61	3.78
Other Current Liabilities	238.89	274.41	199.54	170.03	177.1	95.74
Total Current Liabilities	300.72	326.47	367.09	446.91	272.53	150.26
Long-Term Leases	9.66	3.39	8.96	5.43	11.7	-
Long-Term Unearned Revenue	34.37	34.38	20.72	0.21	0.25	0.28
Long-Term Deferred Tax Liabilities	3.29	1.49	2.32	1.95	6.17	4.97
Other Long-Term Liabilities	22.76	3.88	13.5	15.63	0.01	58.46
Total Liabilities	370.8	369.61	412.59	470.12	290.65	213.97
Common Stock	373.27	373.27	373.27	373.27	373.27	373.27
Additional Paid-In Capital	826.22	821.35	821.35	821.35	821.35	821.35
Retained Earnings	652.87	648.96	643.97	569.36	605.2	571.74
Treasury Stock	-124.55	-149.5	-149.5	-	-	-
Comprehensive Income & Other	-134.47	-134.47	-128.59	-125.55	-116.05	-110.14
Total Common Equity	1,593	1,560	1,560	1,638	1,684	1,656
Minority Interest	-1.26	-1.26	-1.01	-	-	-
Shareholders' Equity	1,592	1,558	1,559	1,638	1,684	1,656
Total Liabilities & Equity	1,963	1,928	1,972	2,109	1,974	1,870
Total Debt	58.2	24.02	46.19	10.78	15.85	-
Net Cash (Debt)	273.46	336.05	326.51	666.5	563.79	650.99
Net Cash Growth	63.48%	2.92%	-51.01%	18.22%	-13.39%	1.17%
Net Cash Per Share	0.78	0.95	0.91	1.79	1.51	1.75
Filing Date Shares Outstanding	355.27	351.95	352.71	373.27	373.27	373.27
Total Common Shares Outstanding	355.27	351.95	352.71	373.27	373.27	373.27
Working Capital	299.46	294.71	415.27	754.56	676.07	702.38
Book Value Per Share	4.48	4.43	4.42	4.39	4.51	4.44
Tangible Book Value	1,491	1,456	1,489	1,563	1,608	1,578
Tangible Book Value Per Share	4.20	4.14	4.22	4.19	4.31	4.23
Buildings	-	-	127.25	127.25	579.73	579.73
Machinery	-	-	98.8	89.38	155.69	146.95
Construction In Progress	-	-	373.69	110.83	197.28	190.9

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