Jiangxi Guotai Group 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	691.57	1,152	936.48	1,150	951.12	451.85
Short-Term Investments	-	390.53	275.98	152.3	-	-
Trading Asset Securities	4.26	24.26	-	-	157.93	230.16
Cash & Short-Term Investments	695.83	1,566	1,212	1,302	1,109	682.01
Cash Growth	35.83%	29.18%	-6.88%	17.40%	62.61%	14.17%
Accounts Receivable	1,049	1,065	980.82	847.96	700.61	655.74
Other Receivables	59.63	119.77	70.63	72.63	81.54	63.22
Receivables	1,108	1,185	1,051	920.59	782.15	718.96
Inventory	543.26	442.67	297.49	283.42	231.9	185.99
Prepaid Expenses	-	0.46	0.27	-	0	-
Other Current Assets	870.32	69.08	39.89	40.79	28.83	26.99
Total Current Assets	3,218	3,264	2,602	2,547	2,152	1,614
Property, Plant & Equipment	2,233	2,109	1,764	1,502	1,457	1,307
Long-Term Investments	128.96	130.77	139.62	144.09	149.01	146.73
Goodwill	518.06	518.06	495.23	609.88	609.88	730.38
Other Intangible Assets	443.67	447.74	433.78	358.33	361.32	376.16
Long-Term Deferred Tax Assets	79.18	78.32	61.77	52.81	46.21	44.37
Long-Term Deferred Charges	31.58	29.11	32.12	26.19	29.61	31.4
Other Long-Term Assets	90.65	159.98	158.73	166.02	141.69	125.46
Total Assets	6,743	6,736	5,687	5,406	4,946	4,376
Accounts Payable	499.29	508.53	455.26	369.33	520.55	419.34
Accrued Expenses	75.96	148.42	123.73	103.77	100.27	103.47
Short-Term Debt	1,184	1,246	745.91	984.95	818.34	279.15
Current Portion of Long-Term Debt	168.28	166	50	0.11	0.43	30.43
Current Portion of Leases	-	3.82	4.78	2.81	2.56	0.92
Current Income Taxes Payable	40.64	21.48	22.03	22.4	24.43	30.41
Current Unearned Revenue	76.69	44.08	28.17	38.28	17.27	23.73
Other Current Liabilities	175.35	160.62	183.39	123.57	102.99	106.6
Total Current Liabilities	2,220	2,299	1,613	1,645	1,587	994.04
Long-Term Debt	546.88	517.58	334.89	135	0.11	260.07
Long-Term Leases	9.99	8.85	10.8	6.1	9.94	4.05
Long-Term Unearned Revenue	41.6	32.3	25.87	27.43	29.55	30.37
Long-Term Deferred Tax Liabilities	18.98	19.44	17.13	16.17	16.81	16.39
Other Long-Term Liabilities	1.64	1.22	1.66	2.45	1.65	2.04
Total Liabilities	2,839	2,878	2,004	1,832	1,645	1,307
Common Stock	621.24	621.24	621.24	621.24	621.24	583.24
Additional Paid-In Capital	1,326	1,326	1,324	1,324	1,318	1,136
Retained Earnings	1,473	1,433	1,237	1,149	893.37	825.68
Comprehensive Income & Other	38.64	34.54	31.76	24.93	25.26	49.87
Total Common Equity	3,459	3,415	3,214	3,119	2,858	2,595
Minority Interest	444.74	443.87	469.19	454.67	443.42	473.45
Shareholders' Equity	3,903	3,858	3,683	3,574	3,301	3,069
Total Liabilities & Equity	6,743	6,736	5,687	5,406	4,946	4,376
Total Debt	1,909	1,942	1,146	1,129	831.38	574.62
Net Cash (Debt)	-1,213	-375.54	66.07	173.11	277.68	107.4
Net Cash Growth	-	-	-61.83%	-37.66%	158.55%	-
Net Cash Per Share	-1.93	-0.61	0.11	0.28	0.46	0.19
Filing Date Shares Outstanding	665.5	621.24	621.24	621.24	621.24	583.24
Total Common Shares Outstanding	665.5	621.24	621.24	621.24	621.24	583.24
Working Capital	997.35	964.99	988.28	901.67	565.09	619.91
Book Value Per Share	5.20	5.50	5.17	5.02	4.60	4.45
Tangible Book Value	2,497	2,449	2,285	2,151	1,887	1,489
Tangible Book Value Per Share	3.75	3.94	3.68	3.46	3.04	2.55
Buildings	-	1,163	1,136	927.83	841.52	822.08
Machinery	-	1,055	1,030	493.22	466.29	444.17
Construction In Progress	-	571.84	164.4	567.98	575.44	417.6

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