Air China 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	27,083	22,468	15,628	11,436	16,710	6,575
Short-Term Investments	-	49.86	99.37	793.68	500	1,687
Trading Asset Securities	153.96	37.56	2.51	3.4	4.16	-
Cash & Short-Term Investments	27,237	22,555	15,730	12,233	17,214	8,262
Cash Growth	24.62%	43.39%	28.59%	-28.93%	108.34%	-14.50%
Accounts Receivable	3,834	3,678	3,186	1,657	2,995	2,949
Other Receivables	4,959	8,622	8,689	5,079	7,080	6,021
Receivables	8,794	12,589	12,140	6,856	10,154	8,990
Inventory	5,256	4,416	3,834	2,769	2,322	1,854
Other Current Assets	6,346	1,127	630.2	387.3	706.59	629.83
Total Current Assets	47,632	40,687	32,335	22,245	30,397	19,736
Property, Plant & Equipment	256,301	260,465	259,722	241,870	239,086	237,931
Long-Term Investments	20,625	20,137	18,084	14,179	13,633	13,960
Goodwill	4,098	4,098	4,098	1,102	1,102	1,102
Other Intangible Assets	6,238	5,938	5,817	4,300	3,544	3,597
Long-Term Deferred Tax Assets	13,115	12,908	13,704	10,417	9,701	6,692
Long-Term Deferred Charges	296.16	314.27	286.25	249.27	249.36	292.97
Other Long-Term Assets	1,058	1,222	1,257	647.87	703.43	760.09
Total Assets	349,363	345,769	335,303	295,011	298,415	284,071
Accounts Payable	22,866	16,932	15,954	9,128	10,896	9,737
Accrued Expenses	3,823	6,407	6,635	6,705	5,982	6,435
Short-Term Debt	21,326	19,887	22,725	23,014	35,766	31,199
Current Portion of Long-Term Debt	42,970	46,373	24,547	19,943	4,436	8,431
Current Portion of Leases	-	17,465	18,175	17,086	14,534	13,561
Current Income Taxes Payable	533.45	130.65	76.66	9.36	4.57	45.61
Current Unearned Revenue	13,719	12,270	9,889	3,853	3,596	3,283
Other Current Liabilities	12,169	18,146	12,316	12,744	16,201	7,703
Total Current Liabilities	117,407	137,610	110,317	92,483	91,416	80,394
Long-Term Debt	101,521	93,122	104,760	92,847	53,120	31,639
Long-Term Leases	57,200	59,134	64,054	76,897	76,347	76,099
Long-Term Unearned Revenue	3,129	2,972	2,068	1,841	2,317	2,754
Pension & Post-Retirement Benefits	-	-	-	-	218.34	229.33
Long-Term Deferred Tax Liabilities	136.59	128.02	347.91	323.3	328.06	334.72
Other Long-Term Liabilities	27,638	11,858	18,468	9,060	8,804	8,807
Total Liabilities	307,030	304,824	300,015	273,451	232,550	200,257
Common Stock	17,448	17,448	16,201	14,525	14,525	14,525
Additional Paid-In Capital	-	46,151	39,588	26,271	26,271	26,271
Retained Earnings	-17,132	-19,002	-18,777	-17,608	21,012	37,658
Comprehensive Income & Other	46,035	550.33	218.51	421.08	-405.31	-871.59
Total Common Equity	46,351	45,147	37,230	23,609	61,403	77,582
Minority Interest	-4,018	-4,202	-1,942	-2,049	4,463	6,232
Shareholders' Equity	42,333	40,945	35,288	21,560	65,865	83,814
Total Liabilities & Equity	349,363	345,769	335,303	295,011	298,415	284,071
Total Debt	223,016	235,981	234,261	229,787	184,203	160,929
Net Cash (Debt)	-195,779	-213,425	-218,530	-217,555	-166,989	-152,667
Net Cash Per Share	-11.34	-13.45	-14.19	-15.84	-12.16	-11.12
Filing Date Shares Outstanding	17,448	17,448	16,594	14,525	14,525	14,525
Total Common Shares Outstanding	17,448	17,448	16,201	14,525	14,525	14,525
Working Capital	-69,774	-96,923	-77,983	-70,237	-61,019	-60,658
Book Value Per Share	2.66	2.59	2.30	1.63	4.23	5.34
Tangible Book Value	36,015	35,112	27,315	18,207	56,756	72,883
Tangible Book Value Per Share	2.06	2.01	1.69	1.25	3.91	5.02
Buildings	-	20,332	19,303	15,203	13,841	12,042
Machinery	-	195,302	182,711	160,021	153,484	153,989
Construction In Progress	-	36,767	38,408	32,909	34,863	38,139

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