Avicopter 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	8,244	3,465	13,272	9,752	2,117	3,520
Short-Term Investments	-	-	-	50.11	80.19	-
Trading Asset Securities	1,454	2,311	2,656	-	-	-
Cash & Short-Term Investments	9,698	5,776	15,929	9,802	2,198	3,520
Cash Growth	-33.43%	-63.74%	62.50%	346.05%	-37.57%	16.38%
Accounts Receivable	16,970	22,065	12,501	8,434	8,232	6,434
Other Receivables	49.09	54.25	76.02	31.8	17.59	7.79
Receivables	17,019	22,119	12,577	8,466	8,249	6,442
Inventory	15,069	14,212	14,075	17,355	12,657	13,005
Other Current Assets	1,494	1,482	1,882	1,549	1,130	636.24
Total Current Assets	43,280	43,588	44,462	37,171	24,234	23,604
Property, Plant & Equipment	5,613	5,703	5,726	5,768	2,150	2,119
Long-Term Investments	665.05	665.83	664.97	883.82	384.04	209.64
Other Intangible Assets	1,006	1,032	1,069	1,002	509.82	527.69
Long-Term Accounts Receivable	-	-	0.09	0.09	-	-
Long-Term Deferred Tax Assets	268.51	229.75	182.49	188.01	181.97	125.7
Long-Term Deferred Charges	13.63	13.98	16.73	17.01	133.96	133.96
Other Long-Term Assets	292.72	304.7	106.69	76.16	147.39	307.61
Total Assets	51,138	51,538	52,228	45,107	27,741	27,027
Accounts Payable	18,768	20,403	18,898	15,902	13,468	12,364
Accrued Expenses	270.42	1,181	2,183	1,877	774.52	882.68
Short-Term Debt	1,538	1,521	1,957	729.56	882.67	252.21
Current Portion of Long-Term Debt	252.77	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	29.99	58.11	1.67	12.37	8.04	67.83
Current Unearned Revenue	6,754	4,677	7,860	8,786	1,153	2,338
Other Current Liabilities	937.37	870.08	819.38	910.4	159.7	146.27
Total Current Liabilities	28,550	29,615	31,924	28,236	16,670	16,108
Long-Term Debt	2,223	1,636	1,169	1,350	184.49	251.61
Long-Term Leases	193.48	142.3	160.85	191.5	237.36	182.69
Long-Term Unearned Revenue	125.31	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	87.9	82.73	88.04	100.95	47.89	3.56
Other Long-Term Liabilities	2,241	1,666	1,712	1,331	431.99	434.45
Total Liabilities	33,421	33,860	35,840	32,011	17,684	17,100
Common Stock	819.89	819.89	819.89	589.48	589.48	589.48
Additional Paid-In Capital	11,203	11,203	10,747	7,975	4,422	4,421
Retained Earnings	4,726	4,688	4,204	3,790	4,442	4,327
Treasury Stock	-	-	-323.68	-323.68	-	-
Comprehensive Income & Other	868.17	867.7	784.61	835.83	301.04	287.83
Total Common Equity	17,617	17,579	16,232	12,867	9,754	9,626
Minority Interest	99.85	99.76	156.23	229.02	303.81	301.99
Shareholders' Equity	17,717	17,679	16,388	13,096	10,058	9,928
Total Liabilities & Equity	51,138	51,538	52,228	45,107	27,741	27,027
Total Debt	4,207	4,204	3,492	2,289	1,530	742.38
Net Cash (Debt)	5,490	1,572	12,437	7,513	667.96	2,778
Net Cash Growth	-53.58%	-87.36%	65.53%	1024.82%	-75.95%	16.78%
Net Cash Per Share	6.70	1.92	16.19	10.27	1.13	4.71
Filing Date Shares Outstanding	819.89	819.89	819.89	589.48	589.48	589.48
Total Common Shares Outstanding	819.89	819.89	819.89	589.48	589.48	589.48
Working Capital	14,729	13,973	12,538	8,936	7,564	7,496
Book Value Per Share	21.49	21.44	19.80	21.83	16.55	16.33
Tangible Book Value	16,611	16,547	15,163	11,865	9,244	9,098
Tangible Book Value Per Share	20.26	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

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