China Spacesat 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	1,756	1,890	1,758	2,444	4,045	3,857
Cash & Short-Term Investments	1,756	1,890	1,758	2,444	4,045	3,857
Cash Growth	17.82%	7.50%	-28.05%	-39.60%	4.89%	81.98%
Accounts Receivable	4,611	4,480	5,127	5,099	3,615	3,044
Other Receivables	64.03	63.56	47.27	59.42	46.67	36.63
Receivables	4,675	4,543	5,175	5,159	3,662	3,080
Inventory	2,625	2,471	2,242	1,881	2,005	2,745
Prepaid Expenses	-	1.54	0.55	1.73	0.5	0.1
Other Current Assets	431.9	437.15	391.25	435.17	568.04	439.06
Total Current Assets	9,488	9,343	9,566	9,920	10,281	10,121
Property, Plant & Equipment	1,198	1,243	1,275	1,288	1,295	1,450
Long-Term Investments	289.87	387.29	276.39	265.8	262.87	128.16
Other Intangible Assets	1,405	1,409	1,245	1,268	743.67	654.54
Long-Term Deferred Tax Assets	77.6	77.84	72.02	114.65	101.49	45.95
Long-Term Deferred Charges	434.46	442.84	489.87	317.22	749.48	676.29
Other Long-Term Assets	398.6	299.06	312.26	332.74	363.75	389.93
Total Assets	13,292	13,201	13,237	13,508	13,797	13,465
Accounts Payable	3,034	2,943	3,145	3,301	3,448	3,287
Accrued Expenses	26.04	115.33	83.59	39.76	89.4	72.49
Short-Term Debt	506.11	490.49	238.43	238.97	265.2	175.49
Current Portion of Long-Term Debt	104.48	1.2	-	-	-	-
Current Portion of Leases	-	103.13	112.85	116.55	121.23	127.78
Current Income Taxes Payable	36.04	8.75	12.24	19.18	20.03	19.86
Current Unearned Revenue	1,059	1,009	1,105	1,009	1,087	1,149
Other Current Liabilities	148.67	104.12	102.11	189.26	222.32	254.2
Total Current Liabilities	4,914	4,775	4,799	4,914	5,253	5,086
Long-Term Debt	4.8	4.8	-	-	-	-
Long-Term Leases	222.3	223.81	246.67	217.09	217.69	148.75
Long-Term Unearned Revenue	109.38	112.47	106.67	114.29	118.11	154.95
Long-Term Deferred Tax Liabilities	2.66	2.99	2.17	70.29	64.13	20.26
Total Liabilities	5,253	5,119	5,154	5,315	5,653	5,410
Common Stock	1,182	1,182	1,182	1,182	1,182	1,182
Additional Paid-In Capital	1,756	1,756	1,756	1,730	1,718	1,756
Retained Earnings	3,373	3,415	3,392	3,411	3,342	3,095
Comprehensive Income & Other	13.28	10.92	10.9	12.76	13.64	26.99
Total Common Equity	6,325	6,365	6,341	6,337	6,256	6,061
Minority Interest	1,714	1,717	1,742	1,856	1,888	1,995
Shareholders' Equity	8,039	8,082	8,082	8,192	8,144	8,055
Total Liabilities & Equity	13,292	13,201	13,237	13,508	13,797	13,465
Total Debt	837.69	823.43	597.95	572.61	604.13	452.02
Net Cash (Debt)	918.32	1,067	1,160	1,871	3,441	3,405
Net Cash Growth	0.55%	-8.07%	-37.99%	-45.63%	1.07%	75.36%
Net Cash Per Share	0.80	0.90	0.83	1.54	2.90	2.90
Filing Date Shares Outstanding	1,067	1,182	1,182	1,182	1,182	1,182
Total Common Shares Outstanding	1,067	1,182	1,182	1,182	1,182	1,182
Working Capital	4,574	4,568	4,768	5,007	5,028	5,035
Book Value Per Share	5.93	5.38	5.36	5.36	5.29	5.13
Tangible Book Value	4,920	4,957	5,096	5,068	5,513	5,406
Tangible Book Value Per Share	4.61	4.19	4.31	4.29	4.66	4.57
Buildings	-	871.79	869.95	867.59	863.29	880.81
Machinery	-	1,181	1,122	1,086	1,016	1,084
Construction In Progress	-	-	1.43	1.41	13.78	112.71

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