China Aoyuan 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	184.02	886.43	1,859	5,110	9,262
Trading Asset Securities	600.28	30.61	30.6	68.4	52.34
Cash & Short-Term Investments	784.29	917.04	1,889	5,179	9,315
Cash Growth	-14.47%	-51.47%	-63.52%	-44.40%	-82.52%
Accounts Receivable	22,318	663.04	710.48	1,052	1,117
Other Receivables	16,504	34,316	35,038	34,694	38,693
Receivables	38,822	35,628	36,397	36,496	41,250
Inventory	75,241	95,857	125,644	142,918	152,690
Prepaid Expenses	-	2,144	2,575	3,887	4,756
Other Current Assets	1,410	7,916	11,305	20,885	23,952
Total Current Assets	116,257	142,461	177,811	209,365	231,963
Property, Plant & Equipment	1,837	3,478	3,994	4,594	5,244
Long-Term Investments	3,003	3,905	4,173	3,454	5,058
Goodwill	-	509.98	623.68	829.95	875.74
Other Intangible Assets	-	-	-	78.86	91.93
Long-Term Deferred Tax Assets	36.04	136.68	1,929	3,478	4,012
Other Long-Term Assets	7,090	9,015	10,841	12,626	14,179
Total Assets	128,223	159,505	199,371	234,426	261,423
Accounts Payable	58,779	18,804	19,121	19,828	20,035
Accrued Expenses	-	4,596	5,491	6,981	6,866
Short-Term Debt	1,158	1,284	1,296	57,138	3,407
Current Portion of Long-Term Debt	56,467	54,372	95,785	42,423	109,932
Current Portion of Leases	598.63	427.33	394.84	353.57	196.73
Current Income Taxes Payable	11,581	10,832	10,095	9,677	10,281
Current Unearned Revenue	18,372	27,759	38,711	62,997	70,955
Other Current Liabilities	9,315	44,388	42,009	39,836	42,043
Total Current Liabilities	156,271	162,463	212,903	239,234	263,715
Long-Term Debt	15,462	20,143	11,666	9,604	1,632
Long-Term Leases	976.86	1,144	1,119	1,162	1,447
Long-Term Unearned Revenue	486.75	571.05	574.18	579.14	587.22
Long-Term Deferred Tax Liabilities	671.61	1,051	1,193	1,484	1,571
Total Liabilities	173,868	185,373	227,455	252,063	268,953
Common Stock	42.53	35.78	27.73	27.73	27.73
Additional Paid-In Capital	-	5,224	5,103	5,103	5,103
Retained Earnings	-	-37,599	-37,634	-28,135	-20,292
Comprehensive Income & Other	-45,327	4,528	322.15	286.85	-343.49
Total Common Equity	-45,284	-27,812	-32,181	-22,717	-15,505
Minority Interest	-361.08	1,944	4,098	5,081	7,975
Shareholders' Equity	-45,645	-25,868	-28,084	-17,637	-7,530
Total Liabilities & Equity	128,223	159,505	199,371	234,426	261,423
Total Debt	74,663	77,371	110,261	110,680	116,615
Net Cash (Debt)	-73,879	-76,454	-108,372	-105,501	-107,300
Net Cash Per Share	-13.32	-15.56	-36.54	-35.58	-39.40
Filing Date Shares Outstanding	6,992	3,853	2,966	2,966	2,966
Total Common Shares Outstanding	6,992	3,853	2,966	2,966	2,966
Working Capital	-40,014	-20,002	-35,092	-29,869	-31,751
Book Value Per Share	-6.48	-8.28	-10.85	-7.66	-5.23
Tangible Book Value	-45,284	-28,322	-32,805	-23,626	-16,472
Tangible Book Value Per Share	-6.48	-8.41	-11.06	-7.97	-5.55
Buildings	-	3,806	3,846	3,903	3,965
Machinery	-	1,380	1,393	1,456	1,655
Construction In Progress	-	32.62	32.62	32.93	50.02
Leasehold Improvements	-	424.24	426.35	447.27	447.91

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.