Bluestar Adisseo 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	4,507	4,273	1,266	1,005	796.36	2,115
Cash & Short-Term Investments	4,507	4,273	1,266	1,005	796.36	2,115
Cash Growth	180.23%	237.57%	25.92%	26.23%	-62.34%	-23.63%
Accounts Receivable	2,010	1,962	1,970	1,696	1,966	1,881
Other Receivables	186.83	81.99	90.75	219.69	169.72	56.63
Receivables	2,197	2,044	2,061	1,916	2,136	1,938
Inventory	2,440	2,385	2,428	1,922	2,371	2,033
Other Current Assets	635.74	629.79	641.34	555.66	798.21	384.46
Total Current Assets	9,780	9,331	6,396	5,399	6,102	6,470
Property, Plant & Equipment	12,927	12,955	10,277	10,139	10,015	9,513
Long-Term Investments	122.18	137.05	397.03	594.01	614.47	570.2
Goodwill	2,154	2,237	2,046	2,137	1,924	1,871
Other Intangible Assets	1,895	1,972	2,039	2,182	2,065	2,153
Long-Term Deferred Tax Assets	258.9	265.36	223.21	293.67	134.15	110.79
Long-Term Deferred Charges	234.69	234.93	180.12	138.15	105.04	64.87
Other Long-Term Assets	641.99	663.97	698.75	630.93	384.71	153.81
Total Assets	28,014	27,796	22,257	21,513	21,343	20,906
Accounts Payable	2,108	2,023	1,767	1,410	1,537	1,659
Accrued Expenses	632.57	1,149	1,098	637.41	727.76	534.64
Short-Term Debt	-	-	54.45	913.31	850.3	577.56
Current Portion of Long-Term Debt	563.57	76.93	6.54	2.97	3.48	4
Current Portion of Leases	-	63.93	72.33	79.12	62.3	50.23
Current Income Taxes Payable	323.7	71.61	83.46	34.16	44.12	148.59
Current Unearned Revenue	106.62	18.69	111.65	3.02	8.93	6.01
Other Current Liabilities	1,051	1,121	682.79	495.6	574.59	1,032
Total Current Liabilities	4,785	4,523	3,877	3,575	3,808	4,012
Long-Term Debt	1,829	1,608	925.56	709.03	843.6	15.67
Long-Term Leases	254.48	289.09	314.24	353.83	281.55	140.06
Long-Term Unearned Revenue	117.25	123.53	138	146.91	147.45	158.66
Pension & Post-Retirement Benefits	-	228.46	204.87	187.2	173.22	214.67
Long-Term Deferred Tax Liabilities	662.65	681.93	633.91	779.83	752.17	673.73
Other Long-Term Liabilities	701.46	445.12	594.46	696.36	384.15	264.92
Total Liabilities	8,350	7,900	6,688	6,448	6,391	5,480
Common Stock	3,080	3,080	2,682	2,682	2,682	2,682
Additional Paid-In Capital	3,591	3,591	1,005	1,005	1,005	1,261
Retained Earnings	13,658	13,509	12,837	11,794	12,147	11,377
Comprehensive Income & Other	-694.65	-315.59	-981.59	-443.64	-899.78	-1,226
Total Common Equity	19,633	19,864	15,542	15,037	14,934	14,094
Minority Interest	30.9	31.81	27.39	27.94	19.25	1,331
Shareholders' Equity	19,664	19,896	15,570	15,065	14,953	15,426
Total Liabilities & Equity	28,014	27,796	22,257	21,513	21,343	20,906
Total Debt	2,647	2,038	1,373	2,058	2,041	787.51
Net Cash (Debt)	1,860	2,235	-107.33	-1,053	-1,245	1,327
Net Cash Growth	792.66%	-	-	-	-	-35.74%
Net Cash Per Share	0.67	0.83	-0.04	-0.39	-0.46	0.49
Filing Date Shares Outstanding	3,055	3,080	2,682	2,682	2,682	2,682
Total Common Shares Outstanding	3,055	3,080	2,682	2,682	2,682	2,682
Working Capital	4,995	4,808	2,519	1,823	2,293	2,457
Book Value Per Share	6.43	6.45	5.80	5.61	5.57	5.26
Tangible Book Value	15,584	15,655	11,457	10,718	10,945	10,070
Tangible Book Value Per Share	5.10	5.08	4.27	4.00	4.08	3.75
Land	-	115.14	102.45	106.66	96.73	115.32
Buildings	-	5,519	5,250	5,262	5,001	3,285
Machinery	-	14,985	13,379	13,315	12,377	10,553
Construction In Progress	-	3,965	1,564	672.35	517.22	2,578

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