Ganfeng Lithium Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	8,422	5,944	9,484	9,914	6,332
Short-Term Investments	782.55	505.47	319.76	484.83	950
Trading Asset Securities	140.31	15.49	62.98	215.99	281.36
Cash & Short-Term Investments	9,345	6,465	9,867	10,615	7,564
Cash Growth	44.54%	-34.48%	-7.05%	40.34%	85.96%
Accounts Receivable	8,822	4,827	6,714	9,903	3,322
Other Receivables	1,402	235	63.91	316.43	85.46
Receivables	10,224	5,062	6,778	10,220	3,407
Inventory	13,002	8,613	8,264	10,111	3,283
Other Current Assets	2,588	1,862	3,276	1,020	372.43
Total Current Assets	35,158	22,003	28,184	31,966	14,627
Property, Plant & Equipment	36,907	35,947	23,727	14,448	8,862
Long-Term Investments	15,878	17,500	19,313	15,980	7,751
Goodwill	182.01	182.01	17.62	17.62	17.62
Other Intangible Assets	20,767	21,539	17,957	14,300	5,090
Long-Term Deferred Tax Assets	1,155	1,163	820.51	653.24	698.47
Long-Term Deferred Charges	449.33	462.45	110.38	89.54	94.69
Other Long-Term Assets	655.16	563.35	466.31	1,195	1,629
Total Assets	113,258	100,832	91,698	79,160	39,057
Accounts Payable	16,134	12,197	8,932	9,988	2,531
Accrued Expenses	1,061	617.37	616.01	1,531	540.92
Short-Term Debt	10,400	9,818	6,529	2,109	1,970
Current Portion of Long-Term Debt	7,234	6,924	3,058	1,504	740.58
Current Portion of Leases	25.8	34.39	17.73	17.9	11.18
Current Income Taxes Payable	217.85	138.02	448.97	2,563	896.84
Current Unearned Revenue	1,850	174.29	282.31	492.65	150.5
Other Current Liabilities	1,352	1,766	386.96	449.95	1,368
Total Current Liabilities	38,274	31,670	20,271	18,655	8,209
Long-Term Debt	20,288	18,944	17,940	11,059	4,478
Long-Term Leases	46.22	66.11	12.56	26.2	19.89
Long-Term Unearned Revenue	835.05	700.27	534.07	275.21	93.74
Long-Term Deferred Tax Liabilities	895.48	1,243	482.88	133.78	42.35
Other Long-Term Liabilities	1,082	620.93	141.35	144.6	47.23
Total Liabilities	61,421	53,244	39,382	30,294	12,890
Common Stock	2,097	2,017	2,017	2,017	1,437
Additional Paid-In Capital	12,731	9,432	12,131	12,382	11,954
Retained Earnings	29,632	28,321	32,004	29,074	9,003
Treasury Stock	-443.99	-560.84	-350.14	-133.15	-
Comprehensive Income & Other	1,130	2,574	1,232	702.55	-501.09
Total Common Equity	45,145	41,782	47,034	44,043	21,894
Minority Interest	6,692	5,806	5,282	4,823	4,273
Shareholders' Equity	51,838	47,588	52,316	48,866	26,167
Total Liabilities & Equity	113,258	100,832	91,698	79,160	39,057
Total Debt	37,994	35,787	27,557	14,716	7,219
Net Cash (Debt)	-28,649	-29,322	-17,690	-4,101	344.57
Net Cash Per Share	-14.03	-14.56	-8.80	-2.03	0.18
Filing Date Shares Outstanding	408.9	2,051	2,010	2,015	2,012
Total Common Shares Outstanding	408.9	2,051	2,010	2,015	2,012
Working Capital	-3,115	-9,667	7,913	13,311	6,418
Book Value Per Share	110.41	20.37	23.41	21.86	10.88
Tangible Book Value	24,196	20,061	29,060	29,726	16,786
Tangible Book Value Per Share	59.17	9.78	14.46	14.75	8.34
Buildings	13,655	10,404	7,993	1,279	912.39
Machinery	12,722	9,453	6,694	5,166	3,321
Construction In Progress	15,492	19,352	11,298	9,548	5,795

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.