Qingdao Gaoce Technology 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	-	475.03	495.64	343.99	427.42
Trading Asset Securities	-	110.35	1,868	610.9	100.29
Cash & Short-Term Investments	668.29	585.38	2,364	954.88	527.71
Cash Growth	14.16%	-75.24%	147.56%	80.95%	25.87%
Accounts Receivable	-	3,169	3,596	2,251	1,224
Other Receivables	-	42.86	37.49	4.88	4.77
Receivables	-	3,212	3,663	2,256	1,229
Inventory	-	662.35	1,566	1,050	557.59
Other Current Assets	-	271.56	181.42	161.46	110.57
Total Current Assets	-	4,732	7,775	4,422	2,424
Property, Plant & Equipment	-	2,480	1,593	1,020	643.92
Long-Term Investments	-	141.07	88.16	8.1	-
Other Intangible Assets	-	56.16	58.46	44.57	42.46
Long-Term Deferred Tax Assets	-	248.85	143.54	72.38	29.62
Long-Term Deferred Charges	-	77.25	73.54	62.45	36.7
Other Long-Term Assets	-	17.43	46.75	16.93	57.82
Total Assets	-	7,752	9,778	5,646	3,235
Accounts Payable	-	1,181	2,998	1,889	1,317
Accrued Expenses	-	100.96	269.62	174.57	62.7
Short-Term Debt	-	155.99	80.02	-	28.46
Current Portion of Long-Term Debt	-	11.15	-	-	-
Current Portion of Leases	-	70.07	56.39	30.3	17.19
Current Income Taxes Payable	-	4.13	73.64	90.05	6.71
Current Unearned Revenue	-	229.83	619.53	343.59	296.03
Other Current Liabilities	-	644.01	957.5	537.8	260.7
Total Current Liabilities	-	2,397	5,055	3,065	1,989
Long-Term Debt	-	581.58	365.95	340.36	-
Long-Term Leases	-	981.15	131.81	100.01	81.47
Long-Term Unearned Revenue	-	104.68	140.98	58.32	0.2
Long-Term Deferred Tax Liabilities	-	-	1.1	0.2	1.4
Other Long-Term Liabilities	-	7.2	21.59	15.13	8.65
Total Liabilities	-	4,072	5,716	3,579	2,081
Common Stock	-	546.77	339.09	227.93	161.85
Additional Paid-In Capital	-	1,262	1,449	607.51	642.84
Retained Earnings	-	1,747	2,151	1,109	349.42
Comprehensive Income & Other	-	124.48	122.66	122.67	-
Shareholders' Equity	3,902	3,680	4,062	2,067	1,154
Total Liabilities & Equity	-	7,752	9,778	5,646	3,235
Total Debt	1,566	1,800	634.16	470.66	127.12
Net Cash (Debt)	-898.2	-1,215	1,730	484.22	400.58
Net Cash Growth	-	-	257.22%	20.88%	52.66%
Net Cash Per Share	-1.12	-1.57	2.31	0.67	0.55
Filing Date Shares Outstanding	986.78	765.48	759.56	714.79	710.59
Total Common Shares Outstanding	830.77	765.48	759.56	714.79	710.59
Working Capital	-	2,334	2,720	1,357	435.32
Book Value Per Share	4.70	4.81	5.35	2.89	1.62
Tangible Book Value	3,850	3,624	4,004	2,022	1,112
Tangible Book Value Per Share	4.63	4.73	5.27	2.83	1.56
Buildings	-	130.74	130.62	121.52	36.56
Machinery	-	1,709	1,199	862.83	399.55
Construction In Progress	-	136.5	373.6	62.49	168.71

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