Gstarsoft 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	1,150	1,296	1,156	1,104	244.71	182.96
Trading Asset Securities	206.19	81.02	240.16	270.12	-	25.18
Cash & Short-Term Investments	1,356	1,377	1,396	1,374	244.71	208.14
Cash Growth	-1.34%	-1.33%	1.57%	461.61%	17.57%	24.81%
Accounts Receivable	37.34	37.08	36.98	37.1	36.9	22.77
Other Receivables	7.34	7.64	7.3	6.1	2.31	3.77
Receivables	44.68	44.72	44.28	43.2	39.21	26.54
Inventory	2.11	1.67	0.76	0.91	0.95	0.35
Other Current Assets	12.52	4.22	4.06	10.18	18.9	8.44
Total Current Assets	1,415	1,428	1,445	1,429	303.77	243.47
Property, Plant & Equipment	64.59	64.94	58.16	55.93	44.87	46.28
Goodwill	1.07	1.07	-	-	-	-
Other Intangible Assets	45.67	46.94	2.27	2.18	2.38	2.49
Long-Term Accounts Receivable	0.86	0.85	0.8	1.83	2.39	2.91
Long-Term Deferred Tax Assets	8.24	5.49	4.03	2.56	2.13	1.71
Long-Term Deferred Charges	1.93	2.03	0.75	0.57	-	-
Total Assets	1,538	1,549	1,511	1,492	355.54	296.86
Accounts Payable	5.59	5.8	5.06	11.82	1.51	1.15
Accrued Expenses	21.66	49.2	42.37	40.05	29.04	40.35
Current Portion of Leases	2.18	2.22	1.2	0.65	0.8	0.91
Current Income Taxes Payable	2.99	2.67	0.06	0	1.46	0
Current Unearned Revenue	34.39	30.8	25.27	21.5	16.14	16.25
Other Current Liabilities	18.05	11.55	4.05	2.6	2.25	1.74
Total Current Liabilities	84.86	102.23	78	76.61	51.21	60.41
Long-Term Leases	5.4	5.79	2.99	0.29	0.13	0.42
Long-Term Unearned Revenue	10.45	10.83	6.25	5.09	4.39	4.34
Long-Term Deferred Tax Liabilities	1.93	1.98	-	-	0.6	0.68
Other Long-Term Liabilities	3.86	3.86	3.73	3.73	3.73	3.73
Total Liabilities	106.5	124.69	90.97	85.72	60.06	69.6
Common Stock	65.51	65.51	65.51	44.87	33.65	33.65
Additional Paid-In Capital	1,076	1,076	1,073	1,091	45.51	39.54
Retained Earnings	298.13	293.87	288.58	270.46	216.32	154.07
Treasury Stock	-19.48	-19.48	-9.36	-	-	-
Comprehensive Income & Other	-0.41	-0.21	0	-	-	-
Total Common Equity	1,420	1,415	1,418	1,406	295.48	227.26
Minority Interest	11.13	9.23	1.84	-	-	-
Shareholders' Equity	1,431	1,425	1,420	1,406	295.48	227.26
Total Liabilities & Equity	1,538	1,549	1,511	1,492	355.54	296.86
Total Debt	7.58	8	4.19	0.94	0.92	1.34
Net Cash (Debt)	1,348	1,369	1,392	1,373	243.78	206.8
Net Cash Growth	-1.61%	-1.61%	1.34%	463.34%	17.88%	24.01%
Net Cash Per Share	14.27	14.40	14.52	16.51	3.40	2.88
Filing Date Shares Outstanding	88.84	94.92	95.65	95.65	71.74	71.84
Total Common Shares Outstanding	88.84	94.92	95.65	95.65	71.74	71.84
Working Capital	1,330	1,326	1,367	1,352	252.56	183.06
Book Value Per Share	15.98	14.91	14.83	14.70	4.12	3.16
Tangible Book Value	1,373	1,367	1,416	1,404	293.1	224.78
Tangible Book Value Per Share	15.46	14.41	14.80	14.68	4.09	3.13
Buildings	-	46.07	46.07	46.07	33.81	33.81
Machinery	-	16.45	11.35	9.3	8.05	6.87
Construction In Progress	-	1.69	-	-	-	-