Qingling Motors 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	1,203	688.3	1,028	972.92	1,674
Short-Term Investments	3,168	2,268	1,486	2,916	599.08
Cash & Short-Term Investments	4,371	2,956	2,514	3,889	2,273
Cash Growth	47.86%	17.59%	-35.35%	71.08%	-30.75%
Accounts Receivable	2,320	988.73	1,057	962.72	2,186
Other Receivables	44.21	253.85	346.78	436.27	280.05
Receivables	2,364	1,243	1,404	1,399	2,466
Inventory	1,059	1,417	1,459	1,590	1,178
Total Current Assets	7,795	5,616	5,376	6,878	5,917
Property, Plant & Equipment	1,300	1,273	1,266	1,214	1,092
Long-Term Investments	598.65	2,553	3,095	2,029	3,673
Other Intangible Assets	103.74	145.25	119.91	155	189.66
Long-Term Accounts Receivable	676.65	515.21	48.63	-	-
Long-Term Deferred Tax Assets	41.33	62.7	59.82	53.78	13.94
Other Long-Term Assets	27.53	18.99	18.87	19.14	19.24
Total Assets	10,543	10,184	9,984	10,349	10,906
Accounts Payable	2,409	2,126	1,471	1,570	1,666
Accrued Expenses	137.6	213.12	195.16	266.79	319
Current Portion of Leases	7.47	17.12	16.46	14.81	22.82
Current Income Taxes Payable	1.21	0.46	1.81	4.26	3.05
Current Unearned Revenue	259.01	134.22	357.33	478.96	594.75
Other Current Liabilities	223.01	166.45	181.42	195.4	223.61
Total Current Liabilities	3,037	2,658	2,224	2,531	2,830
Long-Term Leases	5.85	2.65	19.4	27.36	1.92
Long-Term Unearned Revenue	2.82	3.55	4.28	5.13	7.15
Total Liabilities	3,046	2,664	2,247	2,563	2,839
Common Stock	2,482	2,482	2,482	2,482	2,482
Additional Paid-In Capital	4,834	1,765	1,765	1,765	1,765
Retained Earnings	-	2,523	2,579	2,634	2,921
Comprehensive Income & Other	-	572.47	571.76	571.2	571.2
Total Common Equity	7,316	7,343	7,398	7,452	7,740
Minority Interest	180.95	177.4	339.46	333.93	327.53
Shareholders' Equity	7,497	7,520	7,737	7,786	8,067
Total Liabilities & Equity	10,543	10,184	9,984	10,349	10,906
Total Debt	13.31	19.77	35.86	42.17	24.74
Net Cash (Debt)	4,358	2,937	2,478	3,847	2,248
Net Cash Growth	48.40%	18.50%	-35.58%	71.09%	-30.18%
Net Cash Per Share	1.76	1.18	1.00	1.55	0.91
Filing Date Shares Outstanding	2,482	2,482	2,482	2,482	2,482
Total Common Shares Outstanding	2,482	2,482	2,482	2,482	2,482
Working Capital	4,758	2,958	3,153	4,347	3,088
Book Value Per Share	2.95	2.96	2.98	3.00	3.12
Tangible Book Value	7,213	7,197	7,278	7,297	7,550
Tangible Book Value Per Share	2.91	2.90	2.93	2.94	3.04
Buildings	-	741.68	693.31	687.52	679.34
Machinery	-	4,091	3,948	3,849	3,824
Construction In Progress	-	250.6	357.17	357.29	234.52

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