Chengdu Expressway 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	2.31	6.77	0.9	16.68	1.19
Short-Term Investments	2,200	1,903	2,260	1,873	1,871
Cash & Short-Term Investments	2,202	1,909	2,261	1,889	1,872
Cash Growth	15.32%	-15.54%	19.67%	0.92%	6.39%
Accounts Receivable	645.66	371.39	226.22	207.45	144.71
Other Receivables	33.42	51.51	77.26	52.77	59.69
Receivables	679.08	422.9	303.47	260.21	204.41
Inventory	22.38	26.98	20.67	17.32	46.13
Other Current Assets	122.27	45.6	87.43	70.57	59.87
Total Current Assets	3,026	2,405	2,673	2,237	2,182
Property, Plant & Equipment	662.46	581.86	491.07	459.13	421.12
Long-Term Investments	627.15	595.28	608.38	534.43	401.84
Goodwill	60.33	75.65	75.65	75.65	34.03
Other Intangible Assets	4,842	5,077	5,347	5,816	6,056
Long-Term Deferred Tax Assets	22.46	26.61	31.57	28.48	30.08
Other Long-Term Assets	1,220	280.76	28.32	17.33	30.25
Total Assets	10,460	9,042	9,255	9,169	9,158
Accounts Payable	226.3	187.8	521.68	710.8	842.54
Accrued Expenses	50.98	73.63	65.56	51.48	61.58
Short-Term Debt	791.55	-	-	300	-
Current Portion of Long-Term Debt	524.71	299	218	199.4	236
Current Portion of Leases	22.59	13.46	8.93	8.13	8.63
Current Income Taxes Payable	18.79	51.36	43.2	30.9	31.33
Current Unearned Revenue	17.57	13.14	9.63	24.93	21.5
Other Current Liabilities	235.96	264.45	229.68	143.27	211.48
Total Current Liabilities	1,888	902.85	1,097	1,469	1,413
Long-Term Debt	2,172	2,177	2,476	2,414	2,815
Long-Term Leases	48.64	57.77	44.24	26.87	36.99
Long-Term Unearned Revenue	70.96	42.36	45.26	48.52	51.77
Long-Term Deferred Tax Liabilities	220.84	192.11	195.37	191.29	185.74
Other Long-Term Liabilities	69.4	78.13	95.08	59.54	53.9
Total Liabilities	4,470	3,450	3,952	4,209	4,556
Common Stock	1,656	1,656	1,656	1,656	1,656
Additional Paid-In Capital	437.52	437.52	437.52	437.52	-
Retained Earnings	2,731	2,346	2,105	1,781	1,522
Comprehensive Income & Other	152.33	149.74	149.96	150.04	519.26
Total Common Equity	4,977	4,590	4,349	4,025	3,698
Minority Interest	1,012	1,002	953.68	934.88	903.91
Shareholders' Equity	5,990	5,592	5,302	4,960	4,601
Total Liabilities & Equity	10,460	9,042	9,255	9,169	9,158
Total Debt	3,559	2,547	2,747	2,948	3,096
Net Cash (Debt)	-1,357	-637.55	-486.02	-1,059	-1,224
Net Cash Per Share	-0.82	-0.38	-0.29	-0.64	-0.74
Filing Date Shares Outstanding	1,656	1,656	1,656	1,656	1,656
Total Common Shares Outstanding	1,656	1,656	1,656	1,656	1,656
Working Capital	1,137	1,502	1,576	768.54	769.42
Book Value Per Share	3.01	2.77	2.63	2.43	2.23
Tangible Book Value	75.18	-562.8	-1,074	-1,867	-2,392
Tangible Book Value Per Share	0.05	-0.34	-0.65	-1.13	-1.44
Buildings	371.68	286.96	262.45	124.05	122.64
Machinery	883.63	353.16	293.47	269.72	252.24
Construction In Progress	104.08	46.66	19.2	102.14	24.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.