Gemdale 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	10,611	12,673	22,731	29,738	54,507	64,806
Cash & Short-Term Investments	10,611	12,673	22,731	29,738	54,507	64,806
Cash Growth	-45.25%	-44.25%	-23.56%	-45.44%	-15.89%	19.57%
Accounts Receivable	1,752	1,713	1,897	1,630	1,541	797.26
Other Receivables	69,516	68,615	80,176	94,060	91,264	93,557
Receivables	71,267	71,732	83,772	97,684	95,161	96,482
Inventory	55,391	59,292	83,784	132,912	151,004	188,801
Prepaid Expenses	-	6,004	7,690	9,952	11,159	12,616
Other Current Assets	7,937	779.87	1,462	1,978	2,154	2,393
Total Current Assets	145,206	150,480	199,438	272,264	313,984	365,099
Property, Plant & Equipment	768.89	805.59	1,381	1,623	2,377	2,589
Long-Term Investments	45,781	46,592	55,349	63,697	68,901	63,363
Goodwill	245.62	245.62	273.11	336.06	336.06	172.62
Other Intangible Assets	36.11	37.99	15.48	20.17	28.69	30.45
Long-Term Deferred Tax Assets	5,220	5,265	6,312	5,845	5,553	4,888
Long-Term Deferred Charges	244.59	280.94	357.95	538.25	605.03	572.57
Other Long-Term Assets	28,521	29,497	30,779	29,522	27,475	25,555
Total Assets	226,023	233,205	293,906	373,847	419,437	462,810
Accounts Payable	14,595	15,759	20,848	28,982	33,679	39,502
Accrued Expenses	3,969	5,264	5,401	5,749	17,152	14,277
Short-Term Debt	378.65	414.86	334.99	534.06	2,906	4,037
Current Portion of Long-Term Debt	34,082	30,506	31,705	40,864	39,510	37,102
Current Portion of Leases	-	142.35	159.45	149.95	195.8	179.73
Current Income Taxes Payable	1,768	830.71	1,332	1,420	2,415	1,517
Current Unearned Revenue	10,706	15,002	33,942	65,971	76,961	112,646
Other Current Liabilities	41,320	40,357	48,887	55,046	48,364	48,817
Total Current Liabilities	106,818	108,276	142,610	198,716	221,183	258,078
Long-Term Debt	31,694	36,160	41,712	51,060	73,852	85,759
Long-Term Leases	559.75	593.08	766.37	960.52	1,066	1,086
Long-Term Unearned Revenue	0.08	0.08	0.08	0.16	0.25	-
Long-Term Deferred Tax Liabilities	4,794	4,804	5,213	5,576	5,178	4,964
Other Long-Term Liabilities	6.9	7.32	131.21	633.72	1,853	2,716
Total Liabilities	143,873	149,840	190,433	256,946	303,133	352,603
Common Stock	4,515	4,515	4,515	4,515	4,515	4,515
Additional Paid-In Capital	255.59	255.96	156.44	159.28	694.2	2,105
Retained Earnings	39,574	40,253	53,535	59,739	59,465	56,182
Comprehensive Income & Other	400.26	623.29	834.07	646.96	575.42	179.15
Total Common Equity	44,744	45,647	59,040	65,060	65,249	62,981
Minority Interest	37,406	37,717	44,434	51,841	51,056	47,226
Shareholders' Equity	82,150	83,364	103,474	116,901	116,305	110,207
Total Liabilities & Equity	226,023	233,205	293,906	373,847	419,437	462,810
Total Debt	66,714	67,816	74,678	93,569	117,530	128,163
Net Cash (Debt)	-56,103	-55,143	-51,947	-63,831	-63,023	-63,357
Net Cash Per Share	-12.32	-12.21	-11.47	-14.37	-13.91	-14.01
Filing Date Shares Outstanding	4,531	4,515	4,515	4,515	4,515	4,515
Total Common Shares Outstanding	4,531	4,515	4,515	4,515	4,515	4,515
Working Capital	38,388	42,204	56,828	73,548	92,801	107,021
Book Value Per Share	9.88	10.11	13.08	14.41	14.45	13.95
Tangible Book Value	44,463	45,364	58,751	64,703	64,884	62,778
Tangible Book Value Per Share	9.81	10.05	13.01	14.33	14.37	13.91
Buildings	-	258.12	702.16	773.61	1,612	1,766
Machinery	-	614.79	671.14	661.53	600.41	534.07

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