HuangShan Googe 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	335.56	637.34	112.59	39.5	70.41	0.28
Cash & Short-Term Investments	585.61	637.34	112.59	39.5	70.41	0.28
Cash Growth	420.14%	466.08%	185.00%	-43.89%	25018.10%	-
Accounts Receivable	261.72	307.92	210.72	163.3	73.84	29.85
Other Receivables	0.6	0.11	0.17	0.56	0.17	0.1
Receivables	262.33	308.03	210.89	163.86	74.02	29.95
Inventory	105.37	70.23	49.1	56.89	39.96	14.37
Other Current Assets	1.92	1.87	3.03	0.24	0.23	0.64
Total Current Assets	955.23	1,017	375.61	260.5	184.62	45.25
Property, Plant & Equipment	216.14	195.28	168.64	128.74	29.23	15.17
Long-Term Investments	-	-	-	-	1.43	0.95
Goodwill	0.09	0.09	0.09	0.09	-	-
Other Intangible Assets	14.6	15.13	14.9	14.89	0.68	0.54
Long-Term Deferred Tax Assets	2.85	3.03	3.01	2.85	0.79	0.38
Long-Term Deferred Charges	0.15	0.27	0.32	0.46	-	-
Other Long-Term Assets	2.8	2.08	1.09	1.33	12.97	1.36
Total Assets	1,192	1,233	563.65	408.86	229.73	63.66
Accounts Payable	122.01	126.28	62.63	98.91	40.21	11.14
Accrued Expenses	7.95	20.16	18.34	13.94	4.8	3.11
Short-Term Debt	-	-	-	-	4	23.03
Current Portion of Leases	1.36	0.77	1.38	1.32	0.77	-
Current Income Taxes Payable	1.25	1.88	7.09	11.53	2.8	0.82
Current Unearned Revenue	0.23	0.13	0.12	0.01	-	0.07
Other Current Liabilities	33.44	53.78	39.22	9.78	21.94	4.38
Total Current Liabilities	166.25	203.01	128.78	135.49	74.52	42.54
Long-Term Leases	1.93	0.8	1.56	2.95	-	-
Long-Term Unearned Revenue	3.93	4.35	2.78	2.29	0.87	0.99
Long-Term Deferred Tax Liabilities	0.59	0.28	0.79	1.12	0.11	-
Total Liabilities	172.71	208.44	133.92	141.85	75.5	43.53
Common Stock	80	80	60	60	17.14	10
Additional Paid-In Capital	602.81	602.81	141.53	141.53	111.95	-
Retained Earnings	321.67	327.62	215.7	58.42	25.13	10.13
Total Common Equity	1,004	1,010	417.22	259.94	154.22	20.13
Minority Interest	14.66	14.49	12.51	7.07	-	-
Shareholders' Equity	1,019	1,025	429.74	267.01	154.22	20.13
Total Liabilities & Equity	1,192	1,233	563.65	408.86	229.73	63.66
Total Debt	3.3	1.57	2.95	4.27	4.77	23.03
Net Cash (Debt)	582.31	635.77	109.64	35.24	65.63	-22.75
Net Cash Growth	431.12%	479.87%	211.16%	-46.31%	-	-
Net Cash Per Share	7.81	10.62	1.83	0.60	1.68	-0.68
Filing Date Shares Outstanding	80	80	60.03	60	38.95	33.6
Total Common Shares Outstanding	80	80	60.03	60	38.95	33.6
Working Capital	788.98	814.47	246.83	125.01	110.1	2.71
Book Value Per Share	12.56	12.63	6.95	4.33	3.96	0.60
Tangible Book Value	989.79	995.21	402.24	244.97	153.54	19.58
Tangible Book Value Per Share	12.37	12.44	6.70	4.08	3.94	0.58
Buildings	-	92.56	47.46	47.46	-	-
Machinery	-	144.36	111.02	95.34	-	-
Construction In Progress	-	4.08	40.22	1.53	-	-

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