Ganso 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	78.04	675.35	540.91	317.59	488.79	177.16
Short-Term Investments	-	-	-	-	-	20.02
Trading Asset Securities	1,359	850	1,021	1,323	1,113	1,301
Cash & Short-Term Investments	1,437	1,525	1,561	1,640	1,602	1,498
Cash Growth	-4.42%	-2.31%	-4.81%	2.42%	6.92%	17.66%
Accounts Receivable	51.26	43.32	92.88	69.35	52.1	58.06
Other Receivables	28.11	28.64	29.62	29.77	29.85	33.13
Receivables	79.37	71.96	122.5	99.12	81.95	91.19
Inventory	34.88	35.4	34.52	37.21	75.73	63.06
Other Current Assets	39.3	46.91	46.01	35.53	39.09	33.37
Total Current Assets	1,591	1,680	1,765	1,812	1,798	1,686
Property, Plant & Equipment	627.7	649.5	678.75	702.27	725.14	742.43
Long-Term Investments	394.32	399.98	429.11	451.58	459.03	479.78
Other Intangible Assets	8.99	9.57	11.93	14.32	16.76	19.21
Long-Term Deferred Tax Assets	33.73	21.81	16.25	17.78	16.2	12.67
Long-Term Deferred Charges	122.65	132.87	145.07	139.83	111.5	113.84
Other Long-Term Assets	7.12	9.05	11.54	13.93	16.21	20.92
Total Assets	2,785	2,902	3,057	3,152	3,143	3,075
Accounts Payable	67.75	100.57	87.95	109.33	113.39	128.2
Accrued Expenses	39.01	92.81	112.68	123.26	121.12	121.61
Current Portion of Leases	131.8	146.79	154.33	138.37	143.95	140.67
Current Income Taxes Payable	14.69	12.28	12.21	2.51	7.3	11.76
Current Unearned Revenue	769.51	731.47	755.08	835.11	831.29	773.36
Other Current Liabilities	96.23	75.29	85.37	76.96	85.88	82.01
Total Current Liabilities	1,119	1,159	1,208	1,286	1,303	1,258
Long-Term Leases	177.36	180.65	183.42	195.72	208.28	210.29
Long-Term Unearned Revenue	5.97	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	1,302	1,346	1,400	1,491	1,521	1,477
Common Stock	240	240	240	240	240	240
Additional Paid-In Capital	-	-	-	514.88	514.88	514.88
Retained Earnings	740.9	811.14	911.54	902.79	866.45	840.08
Comprehensive Income & Other	501.59	504.76	504.55	2.31	0.46	1.74
Total Common Equity	1,482	1,556	1,656	1,660	1,622	1,597
Minority Interest	0.54	0.56	0.58	0.61	0.61	0.59
Shareholders' Equity	1,483	1,556	1,657	1,661	1,622	1,597
Total Liabilities & Equity	2,785	2,902	3,057	3,152	3,143	3,075
Total Debt	309.16	327.45	337.75	334.09	352.24	350.96
Net Cash (Debt)	1,128	1,198	1,224	1,306	1,249	1,147
Net Cash Growth	-3.03%	-2.11%	-6.33%	4.56%	8.92%	-9.90%
Net Cash Per Share	4.73	4.98	5.12	5.44	5.21	4.79
Filing Date Shares Outstanding	240	240	240	240	240	240
Total Common Shares Outstanding	240	240	240	240	240	240
Working Capital	471.86	520.42	556.9	526.79	495.5	428.07
Book Value Per Share	6.18	6.48	6.90	6.92	6.76	6.65
Tangible Book Value	1,474	1,546	1,644	1,646	1,605	1,577
Tangible Book Value Per Share	6.14	6.44	6.85	6.86	6.69	6.57
Buildings	-	426.83	422.43	419.24	394.87	395.47
Machinery	-	185.99	181.44	197.49	195.1	181.89
Construction In Progress	-	19.21	23.47	9.47	19.28	14.23