GF Securities 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	25,468	30,027	23,977	21,570	21,816
Short-Term Investments	197,682	159,934	114,560	126,547	117,489
Trading Asset Securities	360,687	246,094	211,036	150,605	120,437
Accounts Receivable	748.11	520.71	94,840	86,120	2,599
Other Receivables	147,417	111,131	2,872	1,955	98,462
Property, Plant & Equipment	3,829	4,075	5,255	5,080	3,785
Goodwill	2.34	2.4	2.35	2.32	2.12
Other Intangible Assets	1,496	1,550	520.02	437.83	1,490
Investments in Debt & Equity Securities	120,935	126,688	155,188	154,844	111,453
Other Current Assets	101,581	65,159	61,938	58,565	47,498
Long-Term Deferred Tax Assets	2,371	1,856	2,562	2,583	2,119
Other Long-Term Assets	13,103	11,549	9,430	8,947	8,593
Total Assets	975,484	758,745	682,182	617,256	535,855
Accounts Payable	4,865	1,572	135,324	139,948	2,975
Accrued Expenses	8,031	6,426	6,381	6,134	138,229
Short-Term Debt	108,678	83,066	56,902	43,898	36,791
Current Portion of Long-Term Debt	30,671	21,770	216,274	181,171	4,905
Current Portion of Leases	304.89	311.31	307.7	287.53	301.57
Other Current Liabilities	97,407	39,693	54,671	33,020	17,377
Long-Term Debt	324,803	267,441	63,708	78,910	219,948
Long-Term Leases	607.08	688.24	662.48	501.19	540.19
Long-Term Unearned Revenue	164.19	123.28	-	-	111.17
Long-Term Deferred Tax Liabilities	402.67	149.42	449.05	574.49	741.36
Other Long-Term Liabilities	235,688	183,356	6,452	7,345	1,637
Total Liabilities	813,026	605,660	541,506	492,463	425,054
Common Stock	7,606	7,621	7,621	7,621	7,621
Additional Paid-In Capital	31,045	31,274	-	-	31,284
Retained Earnings	88,153	78,813	73,216	69,747	65,660
Comprehensive Income & Other	29,307	30,127	55,114	43,011	2,060
Total Common Equity	156,111	147,602	135,718	120,146	106,625
Minority Interest	6,346	5,483	4,958	4,647	4,177
Shareholders' Equity	162,458	153,085	140,676	124,793	110,801
Total Liabilities & Equity	975,484	758,745	682,182	617,256	535,855
Total Debt	465,064	373,276	337,855	304,768	262,485
Net Cash (Debt)	118,772	62,779	11,718	-6,046	-2,743
Net Cash Growth	89.19%	435.76%	-	-	-
Net Cash Per Share	15.62	8.25	1.54	-0.79	-0.36
Filing Date Shares Outstanding	7,606	7,606	5,523	7,606	7,621
Total Common Shares Outstanding	7,606	7,606	5,523	7,606	7,621
Working Capital	583,010	459,747	38,988	40,230	206,712
Book Value Per Share	20.53	19.41	20.50	14.35	13.86
Tangible Book Value	154,613	146,049	135,195	119,705	105,132
Tangible Book Value Per Share	20.33	19.20	20.41	14.29	13.66

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