CITIC Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	787,666	4,509	5,200	4,504	5,604	5,892
Short-Term Investments	420,142	704,120	668,357	442,966	413,399	290,802
Trading Asset Securities	1,654,263	1,535,100	1,440,943	1,317,042	1,158,897	552,210
Cash & Short-Term Investments	2,862,071	2,243,729	2,114,500	1,764,512	1,577,900	848,903
Cash Growth	31.33%	6.11%	19.84%	11.83%	85.88%	2.91%
Accounts Receivable	402,574	133,683	128,652	130,030	106,742	63,360
Other Receivables	-	1,561	1,498	1,966	2,022	1,086
Receivables	6,481,269	6,107,157	5,911,050	5,677,119	5,197,211	4,888,551
Inventory	114,683	118,689	123,637	135,142	109,050	92,386
Prepaid Expenses	-	128,013	116,757	123,195	103,107	65,457
Restricted Cash	-	384,796	338,233	413,441	473,656	430,529
Other Current Assets	900,021	777,505	592,873	435,939	432,826	37,032
Total Current Assets	10,358,044	9,759,889	9,197,050	8,549,348	7,893,750	6,362,859
Property, Plant & Equipment	293,861	292,547	267,337	262,143	201,023	175,814
Long-Term Investments	2,632,418	2,609,974	2,312,426	2,230,830	2,172,238	1,999,563
Goodwill	25,912	26,414	26,744	26,076	25,623	17,589
Other Intangible Assets	22,805	22,995	22,640	22,537	16,718	14,993
Long-Term Deferred Tax Assets	80,878	87,039	84,972	83,327	88,830	67,307
Other Long-Term Assets	239,192	222,282	164,256	156,659	143,861	67,080
Total Assets	13,653,110	13,021,140	12,075,425	11,330,920	10,542,043	8,705,205

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	560,781	105,893	106,231	113,124	90,278	80,560
Accrued Expenses	56,662	88,618	96,364	78,809	69,906	65,848
Short-Term Debt	707,670	885,709	672,087	744,571	470,477	99,758
Current Portion of Long-Term Debt	1,104,595	1,456,072	1,380,519	1,055,873	1,020,603	882,825
Current Portion of Leases	-	-	-	-	-	6,354
Current Income Taxes Payable	9,073	11,691	12,376	9,234	15,727	13,185
Other Current Liabilities	2,574,798	3,421,962	3,435,682	3,431,136	3,431,213	3,433,913
Total Current Liabilities	5,013,579	5,969,945	5,703,259	5,432,747	5,098,204	4,582,443
Long-Term Debt	994,246	748,975	673,283	848,815	567,846	540,169
Long-Term Leases	17,591	18,454	19,049	20,348	19,528	10,560
Long-Term Unearned Revenue	24,901	20,685	21,099	31,482	29,596	27,282
Pension & Post-Retirement Benefits	50,635	59,875	57,386	56,933	54,998	31,404
Long-Term Deferred Tax Liabilities	16,907	17,331	17,731	16,747	18,153	11,796
Other Long-Term Liabilities	5,963,070	4,689,214	4,160,604	3,587,066	3,519,041	2,551,977
Total Liabilities	12,080,929	11,524,479	10,652,411	9,994,138	9,307,366	7,755,631

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	307,576	307,576	307,576	307,576	307,576	310,969
Retained Earnings	-	520,429	479,007	435,848	395,291	331,569
Comprehensive Income & Other	493,162	-45,656	-29,096	-40,246	-42,758	-30,386
Total Common Equity	800,738	782,349	757,487	703,178	660,109	612,151
Minority Interest	771,443	714,312	665,527	633,604	574,568	337,424
Shareholders' Equity	1,572,181	1,496,661	1,423,014	1,336,782	1,234,677	949,575
Total Liabilities & Equity	13,653,110	13,021,140	12,075,425	11,330,920	10,542,043	8,705,205

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2,824,102	3,109,210	2,744,938	2,669,607	2,078,454	1,539,667
Net Cash (Debt)	37,969	-865,481	-630,438	-905,095	-500,554	-690,764
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	1.31	-29.75	-21.67	-31.11	-17.21	-23.75
Filing Date Shares Outstanding	29,090	29,090	29,090	29,090	29,090	29,090
Total Common Shares Outstanding	29,090	29,090	29,090	29,090	29,090	29,090
Working Capital	5,344,465	3,789,944	3,493,791	3,116,601	2,795,546	1,780,416
Book Value Per Share	27.53	26.89	26.04	24.17	22.69	21.04
Tangible Book Value	752,021	732,940	708,103	654,565	617,768	579,569
Tangible Book Value Per Share	25.85	25.20	24.34	22.50	21.24	19.92
Machinery	-	389,711	349,554	341,349	278,034	249,973
Construction In Progress	-	17,666	17,661	20,046	19,662	22,276