Avicopter 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	3,465	13,272	9,752	2,117	3,520
Short-Term Investments	-	-	50.11	80.19	-
Trading Asset Securities	2,311	2,656	-	-	-
Cash & Short-Term Investments	5,776	15,929	9,802	2,198	3,520
Cash Growth	-63.74%	62.50%	346.05%	-37.57%	16.38%
Accounts Receivable	22,065	12,501	8,434	8,232	6,434
Other Receivables	54.25	76.02	31.8	17.59	7.79
Receivables	22,119	12,577	8,466	8,249	6,442
Inventory	14,212	14,075	17,355	12,657	13,005
Other Current Assets	1,482	1,882	1,549	1,130	636.24
Total Current Assets	43,588	44,462	37,171	24,234	23,604
Property, Plant & Equipment	5,703	5,726	5,768	2,150	2,119
Long-Term Investments	665.83	664.97	883.82	384.04	209.64
Other Intangible Assets	1,032	1,069	1,002	509.82	527.69
Long-Term Accounts Receivable	-	0.09	0.09	-	-
Long-Term Deferred Tax Assets	229.75	182.49	188.01	181.97	125.7
Long-Term Deferred Charges	13.98	16.73	17.01	133.96	133.96
Other Long-Term Assets	304.7	106.69	76.16	147.39	307.61
Total Assets	51,538	52,228	45,107	27,741	27,027
Accounts Payable	20,403	18,898	15,902	13,468	12,364
Accrued Expenses	1,181	2,183	1,877	774.52	882.68
Short-Term Debt	1,521	1,957	729.56	882.67	252.21
Current Portion of Long-Term Debt	891.25	190.79	2	150.12	11.01
Current Portion of Leases	13.6	14.23	15.6	74.95	44.85
Current Income Taxes Payable	58.11	1.67	12.37	8.04	67.83
Current Unearned Revenue	4,677	7,860	8,786	1,153	2,338
Other Current Liabilities	870.08	819.38	910.4	159.7	146.27
Total Current Liabilities	29,615	31,924	28,236	16,670	16,108
Long-Term Debt	1,636	1,169	1,350	184.49	251.61
Long-Term Leases	142.3	160.85	191.5	237.36	182.69
Long-Term Unearned Revenue	126.71	114.06	115.32	62.54	64.89
Pension & Post-Retirement Benefits	590.86	672.25	686.33	49.19	54.79
Long-Term Deferred Tax Liabilities	82.73	88.04	100.95	47.89	3.56
Other Long-Term Liabilities	1,666	1,712	1,331	431.99	434.45
Total Liabilities	33,860	35,840	32,011	17,684	17,100
Common Stock	819.89	819.89	589.48	589.48	589.48
Additional Paid-In Capital	11,203	10,747	7,975	4,422	4,421
Retained Earnings	4,688	4,204	3,790	4,442	4,327
Treasury Stock	-	-323.68	-323.68	-	-
Comprehensive Income & Other	867.7	784.61	835.83	301.04	287.83
Total Common Equity	17,579	16,232	12,867	9,754	9,626
Minority Interest	99.76	156.23	229.02	303.81	301.99
Shareholders' Equity	17,679	16,388	13,096	10,058	9,928
Total Liabilities & Equity	51,538	52,228	45,107	27,741	27,027
Total Debt	4,204	3,492	2,289	1,530	742.38
Net Cash (Debt)	1,572	12,437	7,513	667.96	2,778
Net Cash Growth	-87.36%	65.53%	1024.82%	-75.95%	16.78%
Net Cash Per Share	1.92	16.19	10.27	1.13	4.71
Filing Date Shares Outstanding	819.89	819.89	589.48	589.48	589.48
Total Common Shares Outstanding	819.89	819.89	589.48	589.48	589.48
Working Capital	13,973	12,538	8,936	7,564	7,496
Book Value Per Share	21.44	19.80	21.83	16.55	16.33
Tangible Book Value	16,547	15,163	11,865	9,244	9,098
Tangible Book Value Per Share	20.18	18.49	20.13	15.68	15.43
Buildings	5,408	5,262	4,934	2,147	2,069
Machinery	8,095	7,723	7,286	3,068	3,042
Construction In Progress	498.79	469.82	669.29	86.25	100.34

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