Guosen 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	22,929	16,102	10,740	8,076	8,980	5,740
Short-Term Investments	130,986	124,654	88,111	61,953	71,822	68,753
Trading Asset Securities	199,518	142,656	183,851	196,793	66,164	152,512
Accounts Receivable	97,106	95,783	70,399	55,938	52,715	62,001
Other Receivables	2,958	952.83	842.6	1,509	858.42	696.05
Property, Plant & Equipment	2,482	2,526	2,643	2,945	3,087	3,164
Goodwill	21.5	21.5	10.26	10.26	10.26	10.26
Other Intangible Assets	723.12	744	739.65	755.55	709.8	684.91
Investments in Debt & Equity Securities	87,960	36,355	103,693	100,048	14,713	36,830
Other Current Assets	40,221	96,646	33,928	28,119	121,243	25,566
Long-Term Deferred Tax Assets	3,002	3,182	2,553	2,810	2,848	2,353
Other Long-Term Assets	5,594	56,536	3,792	3,861	51,035	3,850
Total Assets	593,501	576,772	501,506	462,960	394,331	362,301
Accounts Payable	11,345	-	-	-	-	-
Accrued Expenses	136,767	130,617	96,921	61,713	65,476	74,037
Short-Term Debt	152,901	158,901	164,670	187,565	146,031	121,233
Current Portion of Long-Term Debt	-	-	-	-	-	14,818
Current Portion of Leases	-	126.83	140.04	158.78	153.67	-
Other Current Liabilities	2,398	5,499	2,766	2,202	3,465	1,417
Long-Term Debt	118,230	110,555	84,066	67,484	48,850	36,184
Long-Term Leases	313.45	199.3	216.84	284.45	258.46	447.02
Long-Term Unearned Revenue	120.08	119.86	117.97	122.37	123.25	164.99
Long-Term Deferred Tax Liabilities	2,161	2,178	2,288	1,012	390.27	696.69
Other Long-Term Liabilities	27,900	36,723	31,506	31,926	22,472	15,962
Total Liabilities	452,993	445,162	382,814	352,501	287,446	265,375
Common Stock	10,242	10,242	9,612	9,612	9,612	9,612
Additional Paid-In Capital	24,756	24,756	20,146	20,137	20,146	20,156
Retained Earnings	62,692	60,156	54,464	49,943	47,486	47,200
Comprehensive Income & Other	42,602	36,239	34,470	30,768	29,640	19,942
Total Common Equity	140,292	131,393	118,692	110,460	106,885	96,910
Minority Interest	216.12	216.36	-	-	-	16.81
Shareholders' Equity	140,508	131,610	118,692	110,460	106,885	96,927
Total Liabilities & Equity	593,501	576,772	501,506	462,960	394,331	362,301
Total Debt	271,445	269,782	249,093	255,492	195,293	172,683
Net Cash (Debt)	81,989	13,629	33,608	11,330	-48,327	54,322
Net Cash Growth	97.76%	-59.45%	196.62%	-	-	12.29%
Net Cash Per Share	7.38	1.24	2.94	0.95	-4.13	5.21
Filing Date Shares Outstanding	10,242	10,242	9,612	9,612	9,612	9,612
Total Common Shares Outstanding	10,242	10,242	9,612	9,612	9,612	9,612
Working Capital	189,450	181,419	123,256	100,722	106,436	103,352
Book Value Per Share	9.79	9.55	9.23	8.37	8.00	8.00
Tangible Book Value	139,547	130,628	117,942	109,694	106,165	96,215
Tangible Book Value Per Share	9.72	9.47	9.15	8.29	7.92	7.93

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