Anhui Expressway Company Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	3,558	5,372	4,821	3,948	4,731	4,318
Cash & Short-Term Investments	3,558	5,372	4,821	3,948	4,731	4,318
Cash Growth	-28.47%	11.44%	22.12%	-16.57%	9.57%	26.92%
Accounts Receivable	-	-	-	-	139.02	-
Other Receivables	446.02	145.72	380.35	125.11	333.05	143.91
Receivables	446.02	145.72	380.35	125.11	472.07	143.91
Inventory	4.58	4.49	4.44	4.46	4.71	5.39
Other Current Assets	28.43	28.56	432.92	190.09	5.68	16.77
Total Current Assets	4,037	5,551	5,638	4,267	5,214	4,484
Property, Plant & Equipment	2,132	2,589	1,725	1,504	1,566	1,600
Long-Term Investments	5,286	1,619	919.14	838.73	973.73	556.24
Other Intangible Assets	19,563	19,604	19,116	15,027	13,452	13,155
Long-Term Deferred Tax Assets	135.85	139.14	101.28	102.45	97.49	125.61
Other Long-Term Assets	402.92	905.61	-	-	-	-
Total Assets	31,557	30,408	27,500	21,739	21,303	19,921
Accounts Payable	938.09	982.45	872.91	631.68	605.44	743.33
Accrued Expenses	90.88	143.43	112.66	117.14	119.93	135.01
Short-Term Debt	123.03	123.08	-	-	-	-
Current Portion of Long-Term Debt	651.75	586.23	291.53	551.97	496.04	440.78
Current Income Taxes Payable	120.8	186.08	100.68	38.42	30.16	215.82
Other Current Liabilities	1,041	977.96	154.24	121.32	126.63	1,262
Total Current Liabilities	2,966	2,999	1,532	1,461	1,378	2,797
Long-Term Debt	13,711	13,114	7,958	6,037	6,280	5,021
Long-Term Unearned Revenue	71.85	75.06	87.99	100.92	113.85	126.78
Long-Term Deferred Tax Liabilities	13.35	14.49	18.16	25.12	27.21	31.28
Total Liabilities	16,761	16,203	9,597	7,624	7,799	7,976
Common Stock	1,709	1,709	1,659	1,659	1,659	1,659
Additional Paid-In Capital	426.57	426.57	2,904	0.41	0.41	0.41
Retained Earnings	11,255	10,718	11,740	10,940	10,286	9,754
Comprehensive Income & Other	-32.82	-51.28	74.15	57.65	-20.61	-23.53
Total Common Equity	13,357	12,802	16,377	12,657	11,925	11,389
Minority Interest	1,439	1,403	1,526	1,458	1,580	555.9
Shareholders' Equity	14,796	14,205	17,903	14,115	13,505	11,945
Total Liabilities & Equity	31,557	30,408	27,500	21,739	21,303	19,921
Total Debt	14,485	13,824	8,250	6,589	6,776	5,462
Net Cash (Debt)	-10,927	-8,452	-3,429	-2,642	-2,044	-1,143
Net Cash Per Share	-6.44	-5.02	-2.07	-1.59	-1.23	-0.69
Filing Date Shares Outstanding	1,708	1,709	1,659	1,659	1,659	1,659
Total Common Shares Outstanding	1,708	1,709	1,659	1,659	1,659	1,659
Working Capital	1,072	2,552	4,106	2,807	3,836	1,687
Book Value Per Share	7.82	7.49	9.87	7.63	7.19	6.87
Tangible Book Value	-6,206	-6,802	-2,739	-2,370	-1,527	-1,766
Tangible Book Value Per Share	-3.63	-3.98	-1.65	-1.43	-0.92	-1.06
Buildings	-	1,907	1,649	1,491	1,383	1,361
Machinery	-	474.87	471.74	460.63	462.34	451
Construction In Progress	-	378.6	263.6	128.22	260.28	226.94

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