Shanghai Guijiu Co.,Ltd 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	13.14	18.42	53.54	202.3	66.27	33.62
Cash & Short-Term Investments	13.14	18.42	53.54	202.3	66.27	33.62
Cash Growth	-45.34%	-65.60%	-73.53%	205.25%	97.13%	52.88%
Accounts Receivable	2.02	1.79	4.8	26.6	10.5	342.26
Other Receivables	4.36	4.74	29.62	16.35	14.1	13.5
Receivables	6.39	6.53	34.42	42.95	24.59	355.77
Inventory	476.22	526.26	609.62	474.05	351.16	187.25
Prepaid Expenses	-	0.02	4.79	6.85	2.62	0.7
Other Current Assets	100.08	101.21	108.83	116.59	118.64	19.69
Total Current Assets	595.82	652.44	811.2	842.73	563.29	597.03
Property, Plant & Equipment	1,072	1,079	1,055	399.4	305.75	297.23
Long-Term Investments	43.64	50.73	78.21	73.84	84.44	-
Other Intangible Assets	168.78	171.77	175.76	71.28	25.28	26.06
Long-Term Deferred Tax Assets	-	-	70.96	45.89	34.81	-
Long-Term Deferred Charges	1.11	1.75	6.35	8.32	5.59	4.95
Other Long-Term Assets	76.84	76.84	86.29	87.08	87.49	89.05
Total Assets	1,958	2,033	2,284	1,529	1,107	1,014
Accounts Payable	607.11	613.56	483.6	118.22	60.91	59.12
Accrued Expenses	84.49	170.07	103.88	64.65	51.38	35.13
Short-Term Debt	251.64	272.95	301.36	394.99	161.57	273.15
Current Portion of Long-Term Debt	-	2.74	-	-	-	-
Current Portion of Leases	-	1.66	10.5	8.75	2.78	-
Current Income Taxes Payable	189.19	56.39	47.01	28.95	20.64	10.66
Current Unearned Revenue	89.68	95.99	229.99	127.7	115.08	15.43
Other Current Liabilities	209.5	198.79	207.75	111.96	64.61	68.41
Total Current Liabilities	1,432	1,412	1,384	855.23	476.96	461.9
Long-Term Debt	-	0.23	-	-	-	-
Long-Term Leases	-	-	14.34	17.8	-	-
Long-Term Unearned Revenue	0.16	0.17	0.18	0.18	0.19	0.2
Long-Term Deferred Tax Liabilities	11.22	11.64	20.37	22.73	15.79	15.86
Other Long-Term Liabilities	52.14	24.84	-	-	-	-
Total Liabilities	1,495	1,449	1,419	895.94	492.94	477.96
Common Stock	334.47	334.47	334.47	334.47	334.47	334.47
Additional Paid-In Capital	145.43	145.43	132.16	128.55	135.66	132.95
Retained Earnings	-178.35	-66.46	150.89	63.82	26.44	-35.49
Comprehensive Income & Other	-14.17	-14.17	-14.17	-14.17	-14.17	-14.17
Total Common Equity	287.38	399.27	603.35	512.67	482.4	417.76
Minority Interest	175.78	184.5	261.47	119.94	131.32	118.6
Shareholders' Equity	463.16	583.77	864.83	632.61	613.72	536.36
Total Liabilities & Equity	1,958	2,033	2,284	1,529	1,107	1,014
Total Debt	251.64	277.59	326.19	421.54	164.34	273.15
Net Cash (Debt)	-238.5	-259.17	-272.65	-219.24	-98.07	-239.53
Net Cash Per Share	-0.71	-0.78	-0.81	-0.65	-0.30	-0.60
Filing Date Shares Outstanding	334.47	334.47	334.47	334.47	334.47	334.47
Total Common Shares Outstanding	334.47	334.47	334.47	334.47	334.47	334.47
Working Capital	-835.77	-759.71	-572.87	-12.5	86.33	135.13
Book Value Per Share	0.86	1.19	1.80	1.53	1.44	1.25
Tangible Book Value	118.6	227.5	427.59	441.39	457.12	391.7
Tangible Book Value Per Share	0.35	0.68	1.28	1.32	1.37	1.17
Buildings	-	294.93	299.36	274.33	279.62	266.54
Machinery	-	48.75	52.22	42.87	41.04	31.1
Construction In Progress	-	869.6	802.01	162.3	76.23	77.71

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