Shenzhen Grandland Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	393.21	496.98	137.93	703.42	1,054	2,290
Trading Asset Securities	41.04	41.04	45.78	5	5	5
Cash & Short-Term Investments	434.25	538.02	183.71	708.42	1,059	2,295
Cash Growth	-20.52%	192.86%	-74.07%	-33.09%	-53.87%	-25.22%
Accounts Receivable	645.11	535.92	227.97	6,199	10,422	16,060
Other Receivables	21.02	2.95	543.67	254.27	318.67	582.45
Receivables	666.13	538.87	771.64	6,453	11,053	17,082
Inventory	80.97	30	41.53	573.13	800.5	864.3
Prepaid Expenses	5.88	6.48	5.58	60.08	70	-
Other Current Assets	21.95	8.77	3.13	252.63	233.6	341.04
Total Current Assets	1,209	1,122	1,006	8,048	13,216	20,582
Property, Plant & Equipment	755.14	768.88	742.44	988.84	1,102	847.74
Long-Term Investments	0.74	0.74	0.74	126.04	208.19	441.33
Goodwill	-	-	-	-	53.56	145.79
Other Intangible Assets	406.55	424.49	448.63	514.94	545.36	572.19
Long-Term Deferred Tax Assets	153.29	152.52	151.09	898.21	796.01	475.63
Long-Term Deferred Charges	0.18	0.19	8.36	91.72	93.19	112.85
Other Long-Term Assets	37.48	38.38	42.44	120.87	204.76	233.17
Total Assets	2,563	2,507	2,399	10,788	16,219	23,411
Accounts Payable	634.62	540.59	260.28	6,820	8,703	9,682
Accrued Expenses	15.03	15.46	33.6	507.61	60.3	101.46
Short-Term Debt	-	-	-	4,943	3,153	3,218
Current Portion of Long-Term Debt	4.56	4.83	4	853.85	112.5	500
Current Portion of Leases	-	-	9.71	42.98	31.13	-
Current Income Taxes Payable	15.92	-	0.03	2.56	4.82	13.96
Current Unearned Revenue	63.95	41.28	21.9	370.57	554.61	497.67
Other Current Liabilities	106.37	84.66	42.19	1,663	1,941	2,178
Total Current Liabilities	840.46	686.82	371.71	15,203	14,560	16,190
Long-Term Debt	1,242	1,245	1,249	459.75	967.25	848.75
Long-Term Leases	-	-	-	121.08	128.77	-
Long-Term Deferred Tax Liabilities	-	-	2.43	28	9.6	9.6
Other Long-Term Liabilities	-	-	-	7.06	19.05	0.25
Total Liabilities	2,083	1,932	1,623	15,819	15,685	17,049
Common Stock	3,751	3,751	3,751	1,537	1,537	1,537
Additional Paid-In Capital	3,590	3,590	3,590	2,334	2,329	2,268
Retained Earnings	-6,841	-6,746	-6,545	-8,587	-3,260	2,328
Treasury Stock	-20.1	-20.1	-20.1	-0.56	-0.56	-0.56
Comprehensive Income & Other	-	-	-	-71.33	-81.23	112.99
Total Common Equity	479.88	575.31	775.94	-4,788	524.76	6,246
Minority Interest	-	-	-	-243.16	9.63	115.52
Shareholders' Equity	479.88	575.31	775.94	-5,031	534.39	6,362
Total Liabilities & Equity	2,563	2,507	2,399	10,788	16,219	23,411
Total Debt	1,247	1,250	1,263	6,420	4,393	4,567
Net Cash (Debt)	-812.53	-712.03	-1,079	-5,712	-3,334	-2,272
Net Cash Per Share	-0.22	-0.18	-0.29	-1.53	-2.17	-1.48
Filing Date Shares Outstanding	3,751	3,751	3,751	1,537	1,537	1,537
Total Common Shares Outstanding	3,751	3,751	3,751	1,537	1,537	1,537
Working Capital	368.72	435.31	633.88	-7,156	-1,344	4,392
Book Value Per Share	0.13	0.15	0.21	-3.11	0.34	4.06
Tangible Book Value	73.33	150.81	327.31	-5,303	-74.17	5,528
Tangible Book Value Per Share	0.02	0.04	0.09	-3.45	-0.05	3.60
Buildings	-	834.56	798.29	880.54	908.24	106.37
Machinery	-	21.59	13.46	111.49	114.58	56.52
Construction In Progress	-	19.04	1.76	-	17.7	737.45

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