Ganso 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	675.35	540.91	317.59	488.79	177.16
Short-Term Investments	-	-	-	-	20.02
Trading Asset Securities	850	1,021	1,323	1,113	1,301
Cash & Short-Term Investments	1,525	1,561	1,640	1,602	1,498
Cash Growth	-2.31%	-4.81%	2.42%	6.92%	17.66%
Accounts Receivable	43.32	92.88	69.35	52.1	58.06
Other Receivables	28.64	29.62	29.77	29.85	33.13
Receivables	71.96	122.5	99.12	81.95	91.19
Inventory	35.4	34.52	37.21	75.73	63.06
Other Current Assets	46.91	46.01	35.53	39.09	33.37
Total Current Assets	1,680	1,765	1,812	1,798	1,686
Property, Plant & Equipment	649.5	678.75	702.27	725.14	742.43
Long-Term Investments	399.98	429.11	451.58	459.03	479.78
Other Intangible Assets	9.57	11.93	14.32	16.76	19.21
Long-Term Deferred Tax Assets	21.81	16.25	17.78	16.2	12.67
Long-Term Deferred Charges	132.87	145.07	139.83	111.5	113.84
Other Long-Term Assets	9.05	11.54	13.93	16.21	20.92
Total Assets	2,902	3,057	3,152	3,143	3,075
Accounts Payable	100.57	87.95	109.33	113.39	128.2
Accrued Expenses	59.58	112.68	123.26	121.12	121.61
Current Portion of Long-Term Debt	146.79	-	-	-	-
Current Portion of Leases	-	154.33	138.37	143.95	140.67
Current Income Taxes Payable	22.83	12.21	2.51	7.3	11.76
Current Unearned Revenue	731.47	755.08	835.11	831.29	773.36
Other Current Liabilities	97.96	85.37	76.96	85.88	82.01
Total Current Liabilities	1,159	1,208	1,286	1,303	1,258
Long-Term Leases	180.65	183.42	195.72	208.28	210.29
Long-Term Unearned Revenue	6.08	6.53	6.98	7.43	7.88
Long-Term Deferred Tax Liabilities	-	2.92	3.22	2.21	1.47
Total Liabilities	1,346	1,400	1,491	1,521	1,477
Common Stock	240	240	240	240	240
Additional Paid-In Capital	506.02	506.02	514.88	514.88	514.88
Retained Earnings	811.14	911.54	902.79	866.45	840.08
Comprehensive Income & Other	-1.26	-1.47	2.31	0.46	1.74
Total Common Equity	1,556	1,656	1,660	1,622	1,597
Minority Interest	0.56	0.58	0.61	0.61	0.59
Shareholders' Equity	1,556	1,657	1,661	1,622	1,597
Total Liabilities & Equity	2,902	3,057	3,152	3,143	3,075
Total Debt	327.45	337.75	334.09	352.24	350.96
Net Cash (Debt)	1,198	1,224	1,306	1,249	1,147
Net Cash Growth	-2.11%	-6.33%	4.56%	8.92%	-9.90%
Net Cash Per Share	4.98	5.12	5.44	5.21	4.79
Filing Date Shares Outstanding	247.8	240	240	240	240
Total Common Shares Outstanding	247.8	240	240	240	240
Working Capital	520.42	556.9	526.79	495.5	428.07
Book Value Per Share	6.28	6.90	6.92	6.76	6.65
Tangible Book Value	1,546	1,644	1,646	1,605	1,577
Tangible Book Value Per Share	6.24	6.85	6.86	6.69	6.57
Buildings	-	422.43	419.24	394.87	395.47
Machinery	-	181.44	197.49	195.1	181.89
Construction In Progress	-	23.47	9.47	19.28	14.23

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