HuangShan Googe 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	156.84	558.54	637.34	112.59	39.5	70.41
Trading Asset Securities	300.85	10	-	-	-	-
Cash & Short-Term Investments	457.7	568.54	637.34	112.59	39.5	70.41
Cash Growth	-18.56%	-10.79%	466.08%	185.00%	-43.89%	25018.10%
Accounts Receivable	321.06	277.75	307.92	210.72	163.3	73.84
Other Receivables	0.68	0.46	0.11	0.17	0.56	0.17
Receivables	321.73	278.22	308.03	210.89	163.86	74.02
Inventory	129.27	110.42	70.23	49.1	56.89	39.96
Other Current Assets	5.13	0.39	1.87	3.03	0.24	0.23
Total Current Assets	913.84	957.57	1,017	375.61	260.5	184.62
Property, Plant & Equipment	227.53	216.09	195.28	168.64	128.74	29.23
Long-Term Investments	-	-	-	-	-	1.43
Goodwill	0.09	0.09	0.09	0.09	0.09	-
Other Intangible Assets	14.5	14.42	15.13	14.9	14.89	0.68
Long-Term Deferred Tax Assets	3.83	4.96	3.03	3.01	2.85	0.79
Long-Term Deferred Charges	0.1	0.12	0.27	0.32	0.46	-
Other Long-Term Assets	9.46	5.68	2.08	1.09	1.33	12.97
Total Assets	1,169	1,199	1,233	563.65	408.86	229.73
Accounts Payable	110.52	125.33	126.28	62.63	98.91	40.21
Accrued Expenses	6.62	14.94	20.16	18.34	13.94	4.8
Short-Term Debt	-	15.79	-	-	-	4
Current Portion of Long-Term Debt	1.39	1.39	-	-	-	-
Current Portion of Leases	-	-	0.77	1.38	1.32	0.77
Current Income Taxes Payable	0.92	1.15	1.88	7.09	11.53	2.8
Current Unearned Revenue	0.12	0.13	0.13	0.12	0.01	-
Other Current Liabilities	10.47	9.68	53.78	39.22	9.78	21.94
Total Current Liabilities	130.03	168.42	203.01	128.78	135.49	74.52
Long-Term Leases	1.09	1.89	0.8	1.56	2.95	-
Long-Term Unearned Revenue	3.65	3.79	4.35	2.78	2.29	0.87
Long-Term Deferred Tax Liabilities	0.49	0.54	0.28	0.79	1.12	0.11
Total Liabilities	135.26	174.64	208.44	133.92	141.85	75.5
Common Stock	80	80	80	60	60	17.14
Additional Paid-In Capital	602.81	602.81	602.81	141.53	141.53	111.95
Retained Earnings	334.82	326.65	327.62	215.7	58.42	25.13
Total Common Equity	1,018	1,009	1,010	417.22	259.94	154.22
Minority Interest	16.46	14.82	14.49	12.51	7.07	-
Shareholders' Equity	1,034	1,024	1,025	429.74	267.01	154.22
Total Liabilities & Equity	1,169	1,199	1,233	563.65	408.86	229.73
Total Debt	2.48	19.08	1.57	2.95	4.27	4.77
Net Cash (Debt)	455.22	549.46	635.77	109.64	35.24	65.63
Net Cash Growth	-18.89%	-13.58%	479.87%	211.16%	-46.31%	-
Net Cash Per Share	5.67	6.89	10.62	1.83	0.60	1.68
Filing Date Shares Outstanding	81.77	80.69	80	60.03	60	38.95
Total Common Shares Outstanding	81.77	80.69	80	60.03	60	38.95
Working Capital	783.8	789.15	814.47	246.83	125.01	110.1
Book Value Per Share	12.44	12.51	12.63	6.95	4.33	3.96
Tangible Book Value	1,003	994.95	995.21	402.24	244.97	153.54
Tangible Book Value Per Share	12.27	12.33	12.44	6.70	4.08	3.94
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.