GCH 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	525.74	659.84	466.93	637.94	267.85	306.95
Short-Term Investments	-	-	1,130	499.4	-	-
Trading Asset Securities	-	-	92.52	-	115.57	231.07
Cash & Short-Term Investments	525.74	659.84	1,690	1,137	383.42	538.02
Cash Growth	0.12%	-60.95%	48.58%	196.63%	-28.73%	728.03%
Accounts Receivable	404.49	397.47	327.48	249.66	270.89	180.09
Other Receivables	8.56	7.57	5.97	5.51	6.45	4.09
Receivables	413.06	405.04	333.45	255.18	277.34	184.19
Inventory	97.24	88.35	72.85	70.87	62.98	50.1
Prepaid Expenses	-	-	-	-	11.88	-
Other Current Assets	397.22	357.8	111	85.18	27.72	18
Total Current Assets	1,433	1,511	2,207	1,549	763.34	790.3
Property, Plant & Equipment	406.5	401.74	408.77	297.02	177.48	124.86
Long-Term Investments	1,081	960.99	604.63	1,395	1,365	160.62
Goodwill	94.31	19.36	19.36	19.36	-	-
Other Intangible Assets	49.82	43.3	45.05	46.83	41.29	42.66
Long-Term Deferred Tax Assets	5.79	6.32	2.95	1.88	1.61	1.18
Long-Term Deferred Charges	10.65	11.31	0.36	1.99	3.7	3.51
Other Long-Term Assets	114.43	114.43	-	0.17	37.12	37.48
Total Assets	3,196	3,068	3,288	3,311	2,390	1,161
Accounts Payable	445.66	537.95	338.86	357.96	384.1	177.89
Accrued Expenses	1.87	21.16	37.25	31.1	19.15	14.5
Short-Term Debt	973.31	854	1,393	1,509	868.11	1.34
Current Portion of Long-Term Debt	5.16	5.04	-	-	-	-
Current Portion of Leases	-	-	4.57	3.91	5.49	4.91
Current Income Taxes Payable	20.92	39.77	17.57	11.12	7.26	9.05
Current Unearned Revenue	39.95	5.33	3.98	2.94	9.99	7.25
Other Current Liabilities	79.46	61.93	99.21	110.39	31.32	27.03
Total Current Liabilities	1,566	1,525	1,894	2,026	1,325	241.96
Long-Term Leases	2	3.45	8.36	0.06	3.39	7.81
Long-Term Unearned Revenue	29.83	30.68	20.19	2.08	0.56	1.7
Long-Term Deferred Tax Liabilities	5.71	3.85	5.07	5.19	3.38	0.33
Total Liabilities	1,604	1,563	1,928	2,034	1,333	251.81
Common Stock	188.32	188.32	135.33	135.33	133.33	133.33
Additional Paid-In Capital	495.88	495.88	548.87	548.87	458.83	458.83
Retained Earnings	994.65	904.46	750.82	599.91	454.99	309.79
Treasury Stock	-100	-100	-100	-23.82	-	-
Comprehensive Income & Other	9.3	16.66	25.71	16.7	9.87	6.85
Shareholders' Equity	1,592	1,505	1,361	1,277	1,057	908.8
Total Liabilities & Equity	3,196	3,068	3,288	3,311	2,390	1,161
Total Debt	980.48	862.49	1,405	1,513	876.99	14.06
Net Cash (Debt)	-454.74	-202.65	284.46	-375.46	-493.57	523.96
Net Cash Growth	-	-	-	-	-	2766.23%
Net Cash Per Share	-2.30	-1.09	1.50	-1.99	-2.64	3.22
Filing Date Shares Outstanding	184.05	175.6	185.48	188.57	186.67	186.67
Total Common Shares Outstanding	184.05	175.6	185.48	188.57	186.67	186.67
Working Capital	-133.09	-14.15	313.24	-477.67	-562.07	548.34
Book Value Per Share	8.63	8.57	7.34	6.77	5.66	4.87
Tangible Book Value	1,444	1,443	1,296	1,211	1,016	866.14
Tangible Book Value Per Share	7.85	8.22	6.99	6.42	5.44	4.64
Buildings	-	-	309.29	91.29	71.86	71.86
Machinery	-	-	182.16	140.52	98.71	60.42
Construction In Progress	-	-	-	139.82	55.13	28.91

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