GF Securities 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	30,407	25,468	30,027	23,977	21,570	21,816
Short-Term Investments	205,322	197,682	159,934	114,560	126,547	117,489
Trading Asset Securities	457,966	360,687	246,094	221,108	129,430	120,437
Accounts Receivable	-	748.11	520.71	1,938	1,932	2,599
Other Receivables	169,453	147,417	111,131	92,532	83,984	98,462
Property, Plant & Equipment	3,800	3,829	4,075	4,041	3,845	3,785
Goodwill	2.29	2.34	2.4	2.35	2.32	2.12
Other Intangible Assets	1,454	1,496	1,550	1,597	1,546	1,490
Investments in Debt & Equity Securities	112,903	120,935	126,688	145,122	32,376	111,453
Other Current Assets	124,721	101,581	65,159	65,321	90,790	47,498
Long-Term Deferred Tax Assets	1,727	2,371	1,856	2,562	2,583	2,119
Other Long-Term Assets	14,472	13,103	11,549	9,284	122,524	8,593
Total Assets	1,122,227	975,484	758,745	682,182	617,256	535,855
Accounts Payable	-	4,865	1,572	4,600	2,610	2,975
Accrued Expenses	14,665	8,031	6,426	10,334	148,626	138,229
Short-Term Debt	113,527	108,678	83,066	71,119	58,779	36,791
Current Portion of Long-Term Debt	16,811	30,671	21,770	14,052	4,413	4,905
Current Portion of Leases	-	304.89	311.31	307.7	313.53	301.57
Other Current Liabilities	65,495	97,407	39,693	52,077	32,803	17,377
Long-Term Debt	386,457	324,803	267,441	251,714	240,788	219,948
Long-Term Leases	849.29	607.08	688.24	662.48	475.19	540.19
Long-Term Unearned Revenue	174.81	164.19	123.28	115.86	93.69	111.17
Long-Term Deferred Tax Liabilities	522.77	402.67	149.42	449.05	574.49	741.36
Other Long-Term Liabilities	344,499	235,688	183,356	135,247	1,938	1,637
Total Liabilities	943,994	813,026	605,660	541,506	492,463	425,054
Common Stock	7,825	7,606	7,621	7,621	7,621	7,621
Additional Paid-In Capital	34,374	31,045	31,274	31,297	31,286	31,284
Retained Earnings	92,870	88,153	78,813	73,216	69,747	65,660
Comprehensive Income & Other	36,416	29,307	30,127	23,817	11,725	2,060
Total Common Equity	171,485	156,111	147,602	135,718	120,146	106,625
Minority Interest	6,748	6,346	5,483	4,958	4,647	4,177
Shareholders' Equity	178,233	162,458	153,085	140,676	124,793	110,801
Total Liabilities & Equity	1,122,227	975,484	758,745	682,182	617,256	535,855
Total Debt	517,644	465,064	373,276	337,855	304,768	262,485
Net Cash (Debt)	176,051	118,772	62,779	21,790	-27,222	-2,743
Net Cash Growth	263.90%	89.19%	188.11%	-	-	-
Net Cash Per Share	23.33	15.62	8.25	2.86	-3.58	-0.36
Filing Date Shares Outstanding	7,825	7,606	7,606	5,523	7,606	7,621
Total Common Shares Outstanding	7,825	7,606	7,606	5,523	7,606	7,621
Working Capital	776,378	583,010	459,747	366,688	206,128	206,712
Book Value Per Share	17.62	17.03	15.91	20.50	14.35	13.86
Tangible Book Value	170,029	154,613	146,049	134,118	118,597	105,132
Tangible Book Value Per Share	17.43	16.83	15.70	20.21	14.15	13.66

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