Guotai Haitong Securities 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	80,179	26,714	30,740	30,748	31,656
Short-Term Investments	472,147	244,952	200,802	219,454	198,105
Trading Asset Securities	701,538	417,490	382,247	339,634	288,542
Accounts Receivable	277,448	119,230	99,677	92,962	114,211
Other Receivables	107,286	4,562	7,972	6,800	6,288
Property, Plant & Equipment	21,502	5,572	5,731	4,701	4,504
Goodwill	4,052	4,071	4,071	4,071	20.9
Other Intangible Assets	2,984	1,609	1,530	1,443	1,391
Investments in Debt & Equity Securities	220,302	112,044	99,637	66,677	69,319
Other Current Assets	180,432	93,892	75,234	77,278	60,400
Long-Term Deferred Tax Assets	4,448	1,424	2,458	2,457	1,845
Other Long-Term Assets	40,568	14,726	13,983	13,772	14,008
Total Assets	2,114,338	1,047,745	925,402	860,708	791,273
Accounts Payable	545,610	263,210	102,068	104,793	105,120
Accrued Expenses	12,942	8,686	8,141	9,643	8,838
Short-Term Debt	617,323	316,433	271,097	219,492	237,137
Current Portion of Long-Term Debt	89,807	31,392	30,299	33,725	22,337
Other Current Liabilities	104,526	78,823	77,163	77,732	54,275
Long-Term Debt	284,749	103,146	108,027	96,018	106,499
Long-Term Leases	1,984	1,642	1,829	1,885	1,940
Long-Term Unearned Revenue	81.41	22.08	80.14	96.6	-
Long-Term Deferred Tax Liabilities	1,033	397.06	155.14	128.52	111.31
Other Long-Term Liabilities	106,311	65,890	151,909	151,277	102,106
Total Liabilities	1,768,135	870,272	752,024	696,862	640,636
Common Stock	17,629	8,904	8,905	8,907	8,908
Additional Paid-In Capital	182,127	47,334	-	46,069	45,803
Retained Earnings	118,524	98,198	91,036	87,453	82,840
Comprehensive Income & Other	13,412	16,513	67,391	15,683	10,212
Total Common Equity	330,417	170,775	166,969	157,718	147,124
Minority Interest	15,786	6,698	6,409	6,127	3,513
Shareholders' Equity	346,203	177,474	173,378	163,845	150,637
Total Liabilities & Equity	2,114,338	1,047,745	925,402	860,708	791,273
Total Debt	993,863	452,612	411,253	351,120	367,913
Net Cash (Debt)	260,002	236,543	202,536	238,716	150,391
Net Cash Growth	9.92%	16.79%	-15.16%	58.73%	23.18%
Net Cash Per Share	16.51	26.63	22.39	25.87	16.33
Filing Date Shares Outstanding	17,003	7,184	8,844	8,844	8,819
Total Common Shares Outstanding	17,003	7,184	8,844	8,844	8,819
Working Capital	445,827	208,837	307,621	319,887	269,945
Book Value Per Share	18.85	21.69	16.63	16.15	15.55
Tangible Book Value	323,380	165,095	161,368	152,205	145,712
Tangible Book Value Per Share	18.43	20.90	15.99	15.52	15.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.