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 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	428.5	544.7	496.98	137.93	703.42	1,054
Trading Asset Securities	32.75	32.75	41.04	45.78	5	5
Cash & Short-Term Investments	461.25	577.45	538.02	183.71	708.42	1,059
Cash Growth	4.79%	7.33%	192.86%	-74.07%	-33.09%	-53.87%
Accounts Receivable	787.99	792.95	535.92	227.97	6,199	10,422
Other Receivables	38.9	39.1	2.95	543.67	254.27	318.67
Receivables	826.88	832.05	538.87	771.64	6,453	11,053
Inventory	95.64	48.21	30	41.53	573.13	800.5
Prepaid Expenses	-	1.74	6.48	5.58	60.08	70
Other Current Assets	22.12	14.16	8.77	3.13	252.63	233.6
Total Current Assets	1,406	1,474	1,122	1,006	8,048	13,216
Property, Plant & Equipment	760.57	768.09	797.35	742.44	988.84	1,102
Long-Term Investments	-	0.74	0.74	0.74	126.04	208.19
Goodwill	-	-	-	-	-	53.56
Other Intangible Assets	396.3	401.25	424.49	448.63	514.94	545.36
Long-Term Deferred Tax Assets	153.98	153.98	152.52	151.09	898.21	796.01
Long-Term Deferred Charges	0.48	0.52	0.19	8.36	91.72	93.19
Other Long-Term Assets	46.37	46.78	38.38	42.44	120.87	204.76
Total Assets	2,764	2,845	2,536	2,399	10,788	16,219
Accounts Payable	790.33	847.67	540.59	260.28	6,820	8,703
Accrued Expenses	19.84	27.32	14.28	33.6	507.61	60.3
Short-Term Debt	-	-	-	-	4,943	3,153
Current Portion of Long-Term Debt	4.59	4.62	4.83	4	853.85	112.5
Current Portion of Leases	-	-	-	9.71	42.98	31.13
Current Income Taxes Payable	1.97	-	-	0.03	2.56	4.82
Current Unearned Revenue	111.99	106.21	41.28	21.9	370.57	554.61
Other Current Liabilities	149.68	147.55	85.85	42.19	1,663	1,941
Total Current Liabilities	1,078	1,133	686.82	371.71	15,203	14,560
Long-Term Debt	1,240	1,241	1,245	1,249	459.75	967.25
Long-Term Leases	-	-	-	-	121.08	128.77
Long-Term Deferred Tax Liabilities	-	-	-	2.43	28	9.6
Other Long-Term Liabilities	-	-	-	-	7.06	19.05
Total Liabilities	2,319	2,375	1,932	1,623	15,819	15,685
Common Stock	3,751	3,751	3,751	3,751	1,537	1,537
Additional Paid-In Capital	3,590	3,590	3,590	3,590	2,334	2,329
Retained Earnings	-6,876	-6,851	-6,717	-6,545	-8,587	-3,260
Treasury Stock	-20.1	-20.1	-20.1	-20.1	-0.56	-0.56
Comprehensive Income & Other	-	-	-	-	-71.33	-81.23
Total Common Equity	444.98	470.38	603.78	775.94	-4,788	524.76
Minority Interest	-	-	-	-	-243.16	9.63
Shareholders' Equity	444.98	470.38	603.78	775.94	-5,031	534.39
Total Liabilities & Equity	2,764	2,845	2,536	2,399	10,788	16,219
Total Debt	1,245	1,246	1,250	1,263	6,420	4,393
Net Cash (Debt)	-783.55	-668.38	-712.03	-1,079	-5,712	-3,334
Net Cash Per Share	-0.27	-0.20	-0.18	-0.29	-1.53	-2.17
Filing Date Shares Outstanding	3,751	3,751	3,751	3,751	1,537	1,537
Total Common Shares Outstanding	3,751	3,751	3,751	3,751	1,537	1,537
Working Capital	327.49	340.23	435.31	633.88	-7,156	-1,344
Book Value Per Share	0.12	0.13	0.16	0.21	-3.11	0.34
Tangible Book Value	48.68	69.13	179.29	327.31	-5,303	-74.17
Tangible Book Value Per Share	0.01	0.02	0.05	0.09	-3.45	-0.05
Buildings	-	880.9	866.98	798.29	880.54	908.24
Machinery	-	23.69	21.59	13.46	111.49	114.58
Construction In Progress	-	3.31	19.04	1.76	-	17.7

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