GEM Co., Ltd. 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	5,144	6,211	4,738	5,544	5,354	3,683
Trading Asset Securities	338.35	267.4	0.33	-	-	-
Cash & Short-Term Investments	5,482	6,479	4,738	5,544	5,354	3,683
Cash Growth	4.90%	36.73%	-14.52%	3.54%	45.38%	-16.74%
Accounts Receivable	6,936	5,461	7,391	7,794	5,770	4,690
Other Receivables	1,344	1,246	1,084	394.86	313.21	263.44
Receivables	8,281	6,707	8,476	8,189	6,083	4,953
Inventory	10,647	10,043	8,773	8,297	7,662	6,265
Prepaid Expenses	-	-	-	-	581.25	-
Other Current Assets	6,100	5,970	3,831	2,551	2,364	2,107
Total Current Assets	30,510	29,198	25,819	24,580	22,045	17,008
Property, Plant & Equipment	35,253	35,310	32,118	20,423	17,140	13,373
Long-Term Investments	3,936	3,783	3,011	3,312	1,782	1,142
Goodwill	44.87	44.87	53.36	59.71	82.71	84.64
Other Intangible Assets	2,441	2,823	2,379	2,336	2,113	1,809
Long-Term Deferred Tax Assets	184.72	191.96	131.02	122.66	187.51	119.3
Long-Term Deferred Charges	128.78	123.04	123.08	133.03	155.4	153.47
Other Long-Term Assets	1,508	2,659	3,162	1,666	625.02	693.58
Total Assets	74,006	74,133	66,797	52,632	44,130	34,382
Accounts Payable	7,320	8,272	6,916	5,429	3,932	4,273
Accrued Expenses	55.35	133.57	130.98	152.92	185.39	190.03
Short-Term Debt	5,388	6,539	9,182	6,898	4,954	5,951
Current Portion of Long-Term Debt	10,403	9,047	5,387	4,590	2,598	588.14
Current Portion of Leases	-	11.9	414.76	435.54	642.01	801.77
Current Income Taxes Payable	214.76	210.2	41.92	15.07	145.66	108.77
Current Unearned Revenue	924.61	740.79	1,940	1,060	175.67	96.49
Other Current Liabilities	4,800	3,957	6,339	3,628	2,458	1,890
Total Current Liabilities	29,106	28,912	30,353	22,208	15,091	13,899
Long-Term Debt	15,237	15,484	12,003	8,161	7,508	3,837
Long-Term Leases	2,173	1,740	585.75	189.3	294.29	583.27
Long-Term Unearned Revenue	245.33	247.25	252.29	271.28	312.66	200.15
Long-Term Deferred Tax Liabilities	43.32	43.36	89.7	99.19	52.32	54.26
Other Long-Term Liabilities	1,602	2,357	13.46	-	-	-
Total Liabilities	48,407	48,782	43,297	30,929	23,258	18,574
Common Stock	5,103	5,116	5,126	5,136	5,136	4,784
Additional Paid-In Capital	8,444	8,560	8,295	8,403	8,214	5,445
Retained Earnings	8,337	7,777	6,156	5,545	5,128	3,971
Treasury Stock	-117.77	-199.82	-150.62	-226.18	-153.07	-
Comprehensive Income & Other	53.54	131.48	-0.33	-95.97	159.23	26.98
Total Common Equity	21,820	21,384	19,426	18,762	18,484	14,226
Minority Interest	3,780	3,967	4,074	2,942	2,388	1,583
Shareholders' Equity	25,600	25,351	23,500	21,703	20,871	15,809
Total Liabilities & Equity	74,006	74,133	66,797	52,632	44,130	34,382
Total Debt	33,201	32,821	27,573	20,274	15,996	11,761
Net Cash (Debt)	-27,719	-26,343	-22,834	-14,730	-10,642	-8,078
Net Cash Per Share	-5.41	-5.17	-4.48	-2.84	-2.14	-1.66
Filing Date Shares Outstanding	5,224	5,090	5,101	5,116	5,136	4,784
Total Common Shares Outstanding	5,224	5,090	5,101	5,116	5,136	4,784
Working Capital	1,404	286.74	-4,534	2,372	6,954	3,108
Book Value Per Share	4.18	4.20	3.81	3.67	3.60	2.97
Tangible Book Value	19,334	18,516	16,993	16,366	16,288	12,333
Tangible Book Value Per Share	3.70	3.64	3.33	3.20	3.17	2.58
Buildings	-	8,785	8,769	8,802	7,309	6,548
Machinery	-	26,985	22,411	14,156	10,465	7,056
Construction In Progress	-	7,334	7,273	2,730	3,652	2,968

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