It can be seen The highend manufacturing industry remains above 75%, while the debt ratio of the readymade tea

beverage industry is relatively low. However, within the same industry, there are definitely differences in debt ratios between companies, but the difference will not be huge.

Bas on this, the author read Gu Ming’s latest libya email list 100000 contact leads prospectus and found that Gu Ming, which is about to go

public, seems to have a high debt ratio. In fact, it is because this ” financial liabilities measur at fair

value and whose changes are includ in current profit and loss ” accounts for a considerable proportion. As of the end of September 2024, the amount of this financial liability is 3.2 billion yuan.

Industry insiders who have financial knowlge will understand that this is actually caus by the accounting measurement method

Gu Ming receiv equity investments from Meituan, Sequoia Capital, Coatue, etc. in its early days. This

type of equity investment often comes with some 9 best popup builder software 2025 priority rights such as “remption rights”, so it will be

regard as “preferr stock.” According to the rules, it will be record as “financial liabilities measur at fair

value and its changes are includ in current profit and loss” in accounting measurement.

In a nutshell, the preferr stock was classifi as a financial liability rather than an equity instrument at the accounting measurement level, which increas Gu Ming’s debt ratio.

Horizon, a list company in the intelligent driving field, has also appear

Horizon has receiv investments from Volkswagen’s CARIAD, SAIC, 5Y Capital, Hillhouse Capital,

Sequoia Capital and others. From 2021 to 2023, the company’s “preferr shares and other financial

liabilities at fair value through profit or loss” were liechtenstein number 18.341 billion yuan, 26.451 billion yuan and 39.240 billion yuan respectively. As a result, the company’s debt ratio is relatively high, at 179%, 276% and 255% respectively It can be seen.