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Financial Statements — GHG
Balance Sheet
(in billions CNY)| Metric | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | 1.65 | 1.49 | 0.11 | 0.09 | 0.30 |
| Short-term Investments | -- | 0.00 | 0.06 | 0.19 | -- |
| Accounts Receivable | 0.01 | 0.10 | 0.02 | 0.12 | 0.10 |
| Inventory | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Total Current Assets | 0.27 | 1.84 | 1.63 | 1.70 | 1.83 |
| Property, Plant & Equipment | 0.56 | 0.65 | 0.81 | 0.83 | 0.16 |
| Goodwill | 0.03 | 0.10 | 0.18 | 0.00 | 0.12 |
| Intangible Assets | 0.01 | 0.08 | 0.02 | 0.04 | 0.52 |
| Total Non-current Assets* | 0.41 | 3.11 | 3.44 | (0.96) | 2.84 |
| Total Assets | 0.68 | 4.95 | 5.07 | 0.74 | 4.67 |
| Accounts Payable | 0.04 | 0.06 | 0.07 | 0.02 | 0.00 |
| Short-term Debt | -- | -- | 0.12 | 0.01 | 0.06 |
| Total Current Liabilities | 1.18 | 1.17 | 1.34 | 0.18 | 1.25 |
| Long-term Debt | 0.26 | 0.26 | 0.06 | 0.30 | 0.35 |
| Total Non-current Liabilities* | (0.73) | 2.29 | 2.25 | 0.34 | (0.84) |
| Total Liabilities | 0.45 | 3.45 | 3.59 | 0.52 | 0.41 |
| Retained Earnings | (0.04) | (0.46) | (0.08) | (0.01) | 0.05 |
| Total Stockholder Equity | 1.58 | 1.46 | 1.44 | 0.21 | 0.29 |
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* Derived from reported values