Minth Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,751	2,441	4,165	4,221	5,492
Short-Term Investments	460.62	314.88	584.84	163.71	110.84
Trading Asset Securities	21.65	189.54	-	-	-
Cash & Short-Term Investments	4,234	2,945	4,750	4,384	5,603
Cash Growth	43.75%	-38.00%	8.34%	-21.75%	-15.24%
Accounts Receivable	5,500	5,674	5,003	4,939	3,506
Other Receivables	1,059	1,158	962.23	906.6	934.06
Receivables	6,629	6,858	5,993	5,846	4,440
Inventory	4,598	4,641	3,982	3,633	2,961
Prepaid Expenses	42.15	37.16	39.82	45.33	37.73
Other Current Assets	2,477	2,688	2,728	2,086	1,950
Total Current Assets	17,980	17,169	17,493	15,995	14,991
Property, Plant & Equipment	17,502	16,833	16,534	14,518	12,667
Long-Term Investments	4,262	2,523	892.52	428.2	317.7
Goodwill	98.03	98.03	98.03	98.03	98.03
Other Intangible Assets	148.77	91.52	112.32	112.85	74.59
Long-Term Accounts Receivable	1,079	1,004	943.4	867.99	754.66
Long-Term Deferred Tax Assets	601.43	482.99	418.77	270.08	203.67
Long-Term Deferred Charges	69.24	92.92	107.46	133.69	164.18
Other Long-Term Assets	557.74	464.31	947.85	850.32	374.35
Total Assets	42,299	38,759	37,547	33,274	29,645
Accounts Payable	5,113	4,854	4,348	3,542	2,503
Accrued Expenses	1,136	1,053	979.04	759.58	720.47
Current Portion of Long-Term Debt	7,035	5,894	5,851	7,192	4,888
Current Portion of Leases	19.98	21.92	19.6	19.09	19.69
Current Income Taxes Payable	362.29	206.25	226.17	156.68	133.78
Current Unearned Revenue	190.14	162.73	139.65	176.62	83.21
Other Current Liabilities	1,684	2,385	2,554	1,468	1,029
Total Current Liabilities	15,541	14,577	14,117	13,314	9,377
Long-Term Debt	1,918	2,539	3,843	1,862	3,140
Long-Term Leases	68.64	62.26	66.57	80.88	99.8
Long-Term Unearned Revenue	179.99	124.97	157.38	134.87	307.95
Pension & Post-Retirement Benefits	-	-	-	2.75	5.36
Long-Term Deferred Tax Liabilities	178.9	196.65	222.85	181.58	158.8
Total Liabilities	17,887	17,500	18,407	15,576	13,089
Common Stock	118.08	116.27	116.27	116.26	116.22
Additional Paid-In Capital	4,633	4,153	4,153	4,149	4,138
Retained Earnings	18,285	16,058	13,738	12,443	11,562
Treasury Stock	-358.5	-382.65	-252.64	-258.66	-218.09
Comprehensive Income & Other	825.28	500.53	563.32	468.8	424.65
Total Common Equity	23,502	20,445	18,318	16,918	16,023
Minority Interest	910.03	813.78	821.38	780.37	532.68
Shareholders' Equity	24,412	21,259	19,140	17,698	16,556
Total Liabilities & Equity	42,299	38,759	37,547	33,274	29,645
Total Debt	9,041	8,517	9,781	9,154	8,148
Net Cash (Debt)	-4,808	-5,572	-5,031	-4,770	-2,545
Net Cash Per Share	-4.15	-4.85	-4.37	-4.14	-2.20
Filing Date Shares Outstanding	1,172	1,152	1,162	1,162	1,162
Total Common Shares Outstanding	1,171	1,162	1,162	1,162	1,161
Working Capital	2,439	2,593	3,376	2,681	5,613
Book Value Per Share	20.07	17.59	15.76	14.56	13.80
Tangible Book Value	23,256	20,256	18,108	16,707	15,850
Tangible Book Value Per Share	19.86	17.43	15.58	14.38	13.65
Land	263.09	248.73	221.65	189.75	148.14
Buildings	6,767	6,264	5,273	4,676	3,641
Machinery	16,329	15,114	12,756	10,972	8,485
Construction In Progress	2,493	2,040	3,835	2,961	3,696
Leasehold Improvements	112.05	112.14	103.47	101.39	93.54

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