Ganso 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	693.33	540.91	317.59	488.79	177.16	267.98
Short-Term Investments	-	-	-	-	20.02	-
Trading Asset Securities	1,024	1,021	1,323	1,113	1,301	1,005
Cash & Short-Term Investments	1,718	1,561	1,640	1,602	1,498	1,273
Cash Growth	-2.36%	-4.81%	2.42%	6.92%	17.66%	-9.42%
Accounts Receivable	207.77	92.88	69.35	52.1	58.06	60.03
Other Receivables	28.29	29.62	29.77	29.85	33.13	35.41
Receivables	236.06	122.5	99.12	81.95	91.19	95.44
Inventory	76.15	34.52	37.21	75.73	63.06	59.64
Other Current Assets	40.1	46.01	35.53	39.09	33.37	113.06
Total Current Assets	2,070	1,765	1,812	1,798	1,686	1,541
Property, Plant & Equipment	651.32	678.75	702.27	725.14	742.43	346.63
Long-Term Investments	408.99	429.11	451.58	459.03	479.78	499.83
Other Intangible Assets	10.16	11.93	14.32	16.76	19.21	22.28
Long-Term Deferred Tax Assets	25.6	16.25	17.78	16.2	12.67	11.14
Long-Term Deferred Charges	142.05	145.07	139.83	111.5	113.84	111.81
Other Long-Term Assets	9.18	11.54	13.93	16.21	20.92	18.08
Total Assets	3,317	3,057	3,152	3,143	3,075	2,551
Accounts Payable	245.23	87.95	109.33	113.39	128.2	110.67
Accrued Expenses	60.53	112.68	123.26	121.12	121.61	111.89
Current Portion of Leases	147.57	154.33	138.37	143.95	140.67	-
Current Income Taxes Payable	82.85	12.21	2.51	7.3	11.76	19.78
Current Unearned Revenue	908.51	755.08	835.11	831.29	773.36	711.24
Other Current Liabilities	136.84	85.37	76.96	85.88	82.01	86.18
Total Current Liabilities	1,582	1,208	1,286	1,303	1,258	1,040
Long-Term Leases	175.32	183.42	195.72	208.28	210.29	-
Long-Term Unearned Revenue	6.19	6.53	6.98	7.43	7.88	11.75
Long-Term Deferred Tax Liabilities	1.72	2.92	3.22	2.21	1.47	1.3
Total Liabilities	1,765	1,400	1,491	1,521	1,477	1,053
Common Stock	240	240	240	240	240	240
Additional Paid-In Capital	506.02	506.02	514.88	514.88	514.88	514.88
Retained Earnings	802.61	911.54	902.79	866.45	840.08	740.22
Comprehensive Income & Other	3.22	-1.47	2.31	0.46	1.74	2.58
Total Common Equity	1,552	1,656	1,660	1,622	1,597	1,498
Minority Interest	0.59	0.58	0.61	0.61	0.59	0.61
Shareholders' Equity	1,552	1,657	1,661	1,622	1,597	1,498
Total Liabilities & Equity	3,317	3,057	3,152	3,143	3,075	2,551
Total Debt	322.89	337.75	334.09	352.24	350.96	-
Net Cash (Debt)	1,395	1,224	1,306	1,249	1,147	1,273
Net Cash Growth	-1.96%	-6.33%	4.56%	8.92%	-9.90%	-9.42%
Net Cash Per Share	5.84	5.12	5.44	5.21	4.79	5.30
Filing Date Shares Outstanding	240	240	240	240	240	240
Total Common Shares Outstanding	240	240	240	240	240	240
Working Capital	488.38	556.9	526.79	495.5	428.07	501.57
Book Value Per Share	6.47	6.90	6.92	6.76	6.65	6.24
Tangible Book Value	1,542	1,644	1,646	1,605	1,577	1,475
Tangible Book Value Per Share	6.42	6.85	6.86	6.69	6.57	6.15
Buildings	-	422.43	419.24	394.87	395.47	68.39
Machinery	-	181.44	197.49	195.1	181.89	496.83
Construction In Progress	-	23.47	9.47	19.28	14.23	11.19

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