Qingdao Gaoce Technology 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	473.65	533.18	475.03	495.64	343.99	427.42
Trading Asset Securities	20.11	42.03	110.35	1,868	610.9	100.29
Cash & Short-Term Investments	493.76	575.21	585.38	2,364	954.88	527.71
Cash Growth	-13.55%	-1.74%	-75.24%	147.56%	80.95%	25.87%
Accounts Receivable	2,541	2,840	3,169	3,596	2,251	1,224
Other Receivables	77.12	61.3	42.86	37.49	4.88	4.77
Receivables	2,618	2,901	3,212	3,663	2,256	1,229
Inventory	1,110	1,037	662.35	1,566	1,050	557.59
Other Current Assets	279.77	267.06	271.56	181.42	161.46	110.57
Total Current Assets	4,502	4,781	4,732	7,775	4,422	2,424
Property, Plant & Equipment	2,126	2,124	2,480	1,593	1,020	643.92
Long-Term Investments	202.07	284.83	141.07	88.16	8.1	-
Other Intangible Assets	48.93	50.85	56.16	58.46	44.57	42.46
Long-Term Deferred Tax Assets	317.41	290.31	248.85	143.54	72.38	29.62
Long-Term Deferred Charges	42.55	50.96	77.25	73.54	62.45	36.7
Other Long-Term Assets	9.3	7.83	17.43	46.75	16.93	57.82
Total Assets	7,248	7,589	7,752	9,778	5,646	3,235
Accounts Payable	912.26	1,103	1,181	2,998	1,889	1,317
Accrued Expenses	49.69	101.2	100.96	269.62	174.57	62.7
Short-Term Debt	58.59	59.19	155.99	80.02	-	28.46
Current Portion of Long-Term Debt	116.16	17.35	11.15	-	-	-
Current Portion of Leases	-	88.08	70.07	56.39	30.3	17.19
Current Income Taxes Payable	35.03	18.01	4.13	73.64	90.05	6.71
Current Unearned Revenue	113.58	112.66	229.83	619.53	343.59	296.03
Other Current Liabilities	470.45	665.32	644.01	957.5	537.8	260.7
Total Current Liabilities	1,756	2,164	2,397	5,055	3,065	1,989
Long-Term Debt	466	468.5	581.58	365.95	340.36	-
Long-Term Leases	1,031	941.17	981.15	131.81	100.01	81.47
Long-Term Unearned Revenue	100.98	72.86	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	3,354	3,647	4,072	5,716	3,579	2,081
Common Stock	830.77	830.77	546.77	339.09	227.93	161.85
Additional Paid-In Capital	1,509	1,506	1,262	1,449	607.51	642.84
Retained Earnings	1,557	1,608	1,747	2,151	1,109	349.42
Comprehensive Income & Other	-3.28	-1.73	124.48	122.66	122.67	-
Shareholders' Equity	3,894	3,943	3,680	4,062	2,067	1,154
Total Liabilities & Equity	7,248	7,589	7,752	9,778	5,646	3,235
Total Debt	1,672	1,574	1,800	634.16	470.66	127.12
Net Cash (Debt)	-1,178	-999.09	-1,215	1,730	484.22	400.58
Net Cash Growth	-	-	-	257.22%	20.88%	52.66%
Net Cash Per Share	-1.41	-1.23	-1.65	2.31	0.67	0.55
Filing Date Shares Outstanding	837.13	830.77	765.48	759.56	714.79	710.59
Total Common Shares Outstanding	837.13	830.77	765.48	759.56	714.79	710.59
Working Capital	2,746	2,616	2,334	2,720	1,357	435.32
Book Value Per Share	4.65	4.75	4.81	5.35	2.89	1.62
Tangible Book Value	3,845	3,892	3,624	4,004	2,022	1,112
Tangible Book Value Per Share	4.59	4.68	4.73	5.27	2.83	1.56
Buildings	-	130.56	130.74	130.62	121.52	36.56
Machinery	-	1,897	1,709	1,199	862.83	399.55
Construction In Progress	-	12.65	136.5	373.6	62.49	168.71

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