Jiangxi Guotai Group 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	1,152	936.48	1,150	951.12	451.85
Short-Term Investments	390.53	275.98	152.3	-	-
Trading Asset Securities	24.26	-	-	157.93	230.16
Cash & Short-Term Investments	1,566	1,212	1,302	1,109	682.01
Cash Growth	29.18%	-6.88%	17.40%	62.61%	14.17%
Accounts Receivable	1,065	980.82	847.96	700.61	655.74
Other Receivables	119.77	70.63	72.63	81.54	63.22
Receivables	1,185	1,051	920.59	782.15	718.96
Inventory	442.67	297.49	283.42	231.9	185.99
Prepaid Expenses	0.46	0.27	-	0	-
Other Current Assets	69.08	39.89	40.79	28.83	26.99
Total Current Assets	3,264	2,602	2,547	2,152	1,614
Property, Plant & Equipment	2,109	1,764	1,502	1,457	1,307
Long-Term Investments	130.77	139.62	144.09	149.01	146.73
Goodwill	518.06	495.23	609.88	609.88	730.38
Other Intangible Assets	447.74	433.78	358.33	361.32	376.16
Long-Term Deferred Tax Assets	78.32	61.77	52.81	46.21	44.37
Long-Term Deferred Charges	29.11	32.12	26.19	29.61	31.4
Other Long-Term Assets	159.98	158.73	166.02	141.69	125.46
Total Assets	6,736	5,687	5,406	4,946	4,376
Accounts Payable	508.53	455.26	369.33	520.55	419.34
Accrued Expenses	148.42	123.73	103.77	100.27	103.47
Short-Term Debt	1,246	745.91	984.95	818.34	279.15
Current Portion of Long-Term Debt	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	21.48	22.03	22.4	24.43	30.41
Current Unearned Revenue	44.08	28.17	38.28	17.27	23.73
Other Current Liabilities	160.62	183.39	123.57	102.99	106.6
Total Current Liabilities	2,299	1,613	1,645	1,587	994.04
Long-Term Debt	517.58	334.89	135	0.11	260.07
Long-Term Leases	8.85	10.8	6.1	9.94	4.05
Long-Term Unearned Revenue	32.3	25.87	27.43	29.55	30.37
Long-Term Deferred Tax Liabilities	19.44	17.13	16.17	16.81	16.39
Other Long-Term Liabilities	1.22	1.66	2.45	1.65	2.04
Total Liabilities	2,878	2,004	1,832	1,645	1,307
Common Stock	621.24	621.24	621.24	621.24	583.24
Additional Paid-In Capital	1,326	1,324	1,324	1,318	1,136
Retained Earnings	1,433	1,237	1,149	893.37	825.68
Comprehensive Income & Other	34.54	31.76	24.93	25.26	49.87
Total Common Equity	3,415	3,214	3,119	2,858	2,595
Minority Interest	443.87	469.19	454.67	443.42	473.45
Shareholders' Equity	3,858	3,683	3,574	3,301	3,069
Total Liabilities & Equity	6,736	5,687	5,406	4,946	4,376
Total Debt	1,942	1,146	1,129	831.38	574.62
Net Cash (Debt)	-375.54	66.07	173.11	277.68	107.4
Net Cash Growth	-	-61.83%	-37.66%	158.55%	-
Net Cash Per Share	-0.61	0.11	0.28	0.46	0.19
Filing Date Shares Outstanding	621.24	621.24	621.24	621.24	583.24
Total Common Shares Outstanding	621.24	621.24	621.24	621.24	583.24
Working Capital	964.99	988.28	901.67	565.09	619.91
Book Value Per Share	5.50	5.17	5.02	4.60	4.45
Tangible Book Value	2,449	2,285	2,151	1,887	1,489
Tangible Book Value Per Share	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.