Air China 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	Sep '26 Sep 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	11,693	15,859	22,468	15,628	11,436	16,710
Short-Term Investments	-	1,006	49.86	99.37	793.68	500
Trading Asset Securities	142.2	151.63	37.56	2.51	3.4	4.16
Cash & Short-Term Investments	11,835	17,017	22,555	15,730	12,233	17,214
Cash Growth	-56.55%	-24.56%	43.39%	28.59%	-28.93%	108.34%
Accounts Receivable	4,325	3,493	3,678	3,186	1,657	2,995
Other Receivables	5,876	8,286	8,622	8,689	5,079	7,080
Receivables	10,201	11,823	12,589	12,140	6,856	10,154
Inventory	6,446	4,990	4,416	3,834	2,769	2,322
Other Current Assets	7,677	973.7	1,127	630.2	387.3	706.59
Total Current Assets	36,158	34,803	40,687	32,335	22,245	30,397
Property, Plant & Equipment	273,506	263,727	260,465	259,722	241,870	239,086
Long-Term Investments	20,998	21,313	20,137	18,084	14,179	13,633
Goodwill	3,614	3,614	4,098	4,098	1,102	1,102
Other Intangible Assets	6,060	6,194	5,938	5,817	4,300	3,544
Long-Term Deferred Tax Assets	11,133	11,310	12,908	13,704	10,417	9,701
Long-Term Deferred Charges	267.48	325.63	314.27	286.25	249.27	249.36
Other Long-Term Assets	1,063	1,760	1,222	1,257	647.87	703.43
Total Assets	352,802	343,047	345,769	335,303	295,011	298,415

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	30,245	19,559	16,932	15,954	9,128	10,896
Accrued Expenses	4,699	7,401	6,407	6,635	6,705	5,982
Short-Term Debt	6,246	19,008	19,887	22,725	23,014	35,766
Current Portion of Long-Term Debt	45,829	27,831	46,373	24,547	19,943	4,436
Current Portion of Leases	-	17,549	17,465	18,175	17,086	14,534
Current Income Taxes Payable	463.96	109.09	130.65	76.66	9.36	4.57
Current Unearned Revenue	15,981	12,943	12,270	9,889	3,853	3,596
Other Current Liabilities	10,375	12,892	18,146	12,316	12,744	16,201
Total Current Liabilities	113,840	117,292	137,610	110,317	92,483	91,416
Long-Term Debt	98,255	99,758	93,122	104,760	92,847	53,120
Long-Term Leases	60,073	61,452	59,134	64,054	76,897	76,347
Long-Term Unearned Revenue	3,416	3,275	2,972	2,068	1,841	2,317
Pension & Post-Retirement Benefits	-	-	-	-	-	218.34
Long-Term Deferred Tax Liabilities	143.81	137.99	128.02	347.91	323.3	328.06
Other Long-Term Liabilities	20,567	21,900	11,858	18,468	9,060	8,804
Total Liabilities	296,294	303,816	304,824	300,015	273,451	232,550

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	20,493	17,448	17,448	16,201	14,525	14,525
Additional Paid-In Capital	-	46,114	46,151	39,588	26,271	26,271
Retained Earnings	-22,760	-20,745	-19,002	-18,777	-17,608	21,012
Comprehensive Income & Other	62,124	-265.92	550.33	218.51	421.08	-405.31
Total Common Equity	59,857	42,552	45,147	37,230	23,609	61,403
Minority Interest	-3,349	-3,320	-4,202	-1,942	-2,049	4,463
Shareholders' Equity	56,508	39,232	40,945	35,288	21,560	65,865
Total Liabilities & Equity	352,802	343,047	345,769	335,303	295,011	298,415

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	210,403	225,598	235,981	234,261	229,787	184,203
Net Cash (Debt)	-198,568	-208,582	-213,425	-218,530	-217,555	-166,989
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-11.24	-12.51	-13.45	-14.19	-15.84	-12.16
Filing Date Shares Outstanding	20,493	17,448	17,448	16,594	14,525	14,525
Total Common Shares Outstanding	20,493	17,448	17,448	16,201	14,525	14,525
Working Capital	-77,682	-82,489	-96,923	-77,983	-70,237	-61,019
Book Value Per Share	2.92	2.44	2.59	2.30	1.63	4.23
Tangible Book Value	50,182	32,743	35,112	27,315	18,207	56,756
Tangible Book Value Per Share	2.45	1.88	2.01	1.69	1.25	3.91
Buildings	-	20,520	20,332	19,303	15,203	13,841
Machinery	-	212,718	195,302	182,711	160,021	153,484
Construction In Progress	-	34,331	36,767	38,408	32,909	34,863