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	533.18	475.03	495.64	343.99	427.42
Trading Asset Securities	42.03	110.35	1,868	610.9	100.29
Cash & Short-Term Investments	575.21	585.38	2,364	954.88	527.71
Cash Growth	-1.74%	-75.24%	147.56%	80.95%	25.87%
Accounts Receivable	2,840	3,169	3,596	2,251	1,224
Other Receivables	61.3	42.86	37.49	4.88	4.77
Receivables	2,901	3,212	3,663	2,256	1,229
Inventory	1,037	662.35	1,566	1,050	557.59
Other Current Assets	267.06	271.56	181.42	161.46	110.57
Total Current Assets	4,781	4,732	7,775	4,422	2,424
Property, Plant & Equipment	2,124	2,480	1,593	1,020	643.92
Long-Term Investments	284.83	141.07	88.16	8.1	-
Other Intangible Assets	50.85	56.16	58.46	44.57	42.46
Long-Term Deferred Tax Assets	290.31	248.85	143.54	72.38	29.62
Long-Term Deferred Charges	50.96	77.25	73.54	62.45	36.7
Other Long-Term Assets	7.83	17.43	46.75	16.93	57.82
Total Assets	7,589	7,752	9,778	5,646	3,235
Accounts Payable	1,103	1,181	2,998	1,889	1,317
Accrued Expenses	101.2	100.96	269.62	174.57	62.7
Short-Term Debt	59.19	155.99	80.02	-	28.46
Current Portion of Long-Term Debt	17.35	11.15	-	-	-
Current Portion of Leases	88.08	70.07	56.39	30.3	17.19
Current Income Taxes Payable	18.01	4.13	73.64	90.05	6.71
Current Unearned Revenue	112.66	229.83	619.53	343.59	296.03
Other Current Liabilities	665.32	644.01	957.5	537.8	260.7
Total Current Liabilities	2,164	2,397	5,055	3,065	1,989
Long-Term Debt	468.5	581.58	365.95	340.36	-
Long-Term Leases	941.17	981.15	131.81	100.01	81.47
Long-Term Unearned Revenue	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	3,647	4,072	5,716	3,579	2,081
Common Stock	830.77	546.77	339.09	227.93	161.85
Additional Paid-In Capital	1,506	1,262	1,449	607.51	642.84
Retained Earnings	1,608	1,747	2,151	1,109	349.42
Comprehensive Income & Other	-1.73	124.48	122.66	122.67	-
Shareholders' Equity	3,943	3,680	4,062	2,067	1,154
Total Liabilities & Equity	7,589	7,752	9,778	5,646	3,235
Total Debt	1,574	1,800	634.16	470.66	127.12
Net Cash (Debt)	-999.09	-1,215	1,730	484.22	400.58
Net Cash Growth	-	-	257.22%	20.88%	52.66%
Net Cash Per Share	-1.23	-1.65	2.31	0.67	0.55
Filing Date Shares Outstanding	830.77	765.48	759.56	714.79	710.59
Total Common Shares Outstanding	830.77	765.48	759.56	714.79	710.59
Working Capital	2,616	2,334	2,720	1,357	435.32
Book Value Per Share	4.75	4.81	5.35	2.89	1.62
Tangible Book Value	3,892	3,624	4,004	2,022	1,112
Tangible Book Value Per Share	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.