The potential remption While the value of this financial liability is 3.2 billion yuan as of the end of September 2024, which

means that the value of the equity held by investors is much higher than the remption amount, so there is naturally no reason to consider remption.

It is worth mentioning that the calculation method macau email list 150000 contact leads of 3.2 billion yuan is to multiply the investor’s

equity ratio by the company’s valuation. Therefore, the better the company’s business and the

stronger its profitability, the higher its valuation, the higher this financial liability will be, and the higher the value of the equity held by the corresponding investors will be.

Therefore, for Gu Ming, this financial liability does not directly affect production and operation, nor

does it affect cash flow, and will not have a negative impact on finances.

After Gu Ming goes public

Shareholders holding the preferr shares can convert them into common shares, and this financial liability will no longer exist.

Refer to Meituan, which went public in 2018. According to the prospectus at the time, as of April 30,

2018, the company had a large amount of financial wisepops vs optimonk: which is better for website engagement? liabilities. However, in its first annual report after its listing, the financial liabilities generat by preferr shares had been ruc to zero.

Then, we can further analyze Gu Ming’s “actual debt ratio”:

After excluding this financial liability, the company’s debt ratio was 28% by the end of September

2023 and 23% by the end of September 2024, and its financial situation continues to improve.

In comparison, under the same caliber, the debttoasset ratio of Mixue Bingcheng was 24% at the end

of September 2024, while that of Chabaidao, Nayuki Tea and Shanghai Auntie were 25%, 34% and 38% respectively at the end of June 2024.

Therefore, according to this definition

Gu Ming’s debt ratio is actually within the normal range of the freshly brew tea beverage industry and

is better than the industry average. From the liechtenstein number perspective of investors, this indicator is relatively high for Gu Ming as an investment target The potential remption.