Guotai Haitong Securities 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	94,943	80,179	26,714	30,740	30,748	31,656
Short-Term Investments	507,060	472,147	244,952	200,802	219,454	198,105
Trading Asset Securities	714,802	701,538	417,490	382,247	339,634	288,542
Accounts Receivable	254,487	277,448	119,230	99,677	92,962	114,211
Other Receivables	169,161	107,286	4,562	7,972	6,800	6,288
Property, Plant & Equipment	21,076	21,502	5,572	5,731	4,701	4,504
Goodwill	4,052	4,052	4,071	4,071	4,071	20.9
Other Intangible Assets	2,975	2,984	1,609	1,530	1,443	1,391
Investments in Debt & Equity Securities	233,255	220,302	112,044	99,637	66,677	69,319
Other Current Assets	207,136	180,432	93,892	75,234	77,278	60,400
Long-Term Deferred Tax Assets	3,903	4,448	1,424	2,458	2,457	1,845
Other Long-Term Assets	46,865	40,568	14,726	13,983	13,772	14,008
Total Assets	2,259,716	2,114,338	1,047,745	925,402	860,708	791,273
Accounts Payable	752,769	545,610	263,210	102,068	104,793	105,120
Accrued Expenses	8,990	12,942	8,686	8,141	9,643	8,838
Short-Term Debt	625,868	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	103,321	104,526	78,823	77,163	77,732	54,275
Long-Term Debt	381,711	284,749	103,146	108,027	96,018	106,499
Long-Term Leases	1,790	1,984	1,642	1,829	1,885	1,940
Long-Term Unearned Revenue	186.46	81.41	22.08	80.14	96.6	-
Long-Term Deferred Tax Liabilities	1,228	1,033	397.06	155.14	128.52	111.31
Other Long-Term Liabilities	29,164	106,311	65,890	151,909	151,277	102,106
Total Liabilities	1,908,310	1,768,135	870,272	752,024	696,862	640,636
Common Stock	17,629	17,629	8,904	8,905	8,907	8,908
Additional Paid-In Capital	182,127	182,127	47,334	-	46,069	45,803
Retained Earnings	125,100	118,524	98,198	91,036	87,453	82,840
Comprehensive Income & Other	12,827	13,412	16,513	67,391	15,683	10,212
Total Common Equity	336,425	330,417	170,775	166,969	157,718	147,124
Minority Interest	14,981	15,786	6,698	6,409	6,127	3,513
Shareholders' Equity	351,406	346,203	177,474	173,378	163,845	150,637
Total Liabilities & Equity	2,259,716	2,114,338	1,047,745	925,402	860,708	791,273
Total Debt	1,009,368	993,863	452,612	411,253	351,120	367,913
Net Cash (Debt)	307,437	260,002	236,543	202,536	238,716	150,391
Net Cash Growth	24.98%	9.92%	16.79%	-15.16%	58.73%	23.18%
Net Cash Per Share	17.52	16.51	26.63	22.39	25.87	16.33
Filing Date Shares Outstanding	17,746	17,003	7,184	8,844	8,844	8,819
Total Common Shares Outstanding	17,746	17,003	7,184	8,844	8,844	8,819
Working Capital	453,358	445,827	208,837	307,621	319,887	269,945
Book Value Per Share	18.40	18.85	21.69	16.63	16.15	15.55
Tangible Book Value	329,397	323,380	165,095	161,368	152,205	145,712
Tangible Book Value Per Share	18.00	18.43	20.90	15.99	15.52	15.39

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