AVIC Airborne Systems 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	12,911	13,044	13,708	11,454	3,940
Trading Asset Securities	0.78	0.78	0.83	1.55	-
Cash & Short-Term Investments	12,912	13,045	13,709	11,456	3,940
Cash Growth	-1.02%	-4.85%	19.67%	190.74%	-0.17%
Accounts Receivable	31,034	29,737	26,869	21,372	8,621
Other Receivables	299.93	217.18	139.28	138.61	79.29
Receivables	31,334	29,954	27,008	21,511	8,701
Inventory	18,970	15,648	13,894	13,009	6,112
Other Current Assets	840.44	846.84	864.41	1,002	659.61
Total Current Assets	64,057	59,493	55,475	46,977	19,412
Property, Plant & Equipment	13,615	13,078	12,843	12,278	5,353
Long-Term Investments	2,607	2,550	2,274	2,190	290.84
Goodwill	24.07	24.07	24.07	98.42	-
Other Intangible Assets	1,735	1,815	1,885	1,920	772.04
Long-Term Deferred Tax Assets	537.37	405.41	319.57	287.23	86.91
Long-Term Deferred Charges	25.88	30.45	26.87	13.31	12.19
Other Long-Term Assets	658.35	723.77	675.39	960.09	335.32
Total Assets	83,259	78,120	73,523	64,724	26,263
Accounts Payable	23,729	21,419	20,002	17,919	6,981
Accrued Expenses	1,358	1,285	1,180	1,212	240.79
Short-Term Debt	10,269	7,143	3,672	3,989	2,604
Current Portion of Long-Term Debt	2,326	2,385	811.9	2,212	185.37
Current Portion of Leases	31.54	33.15	33.33	26.9	5.76
Current Income Taxes Payable	165.83	127.53	91.51	112.26	70.27
Current Unearned Revenue	972.66	1,392	2,423	3,883	1,432
Other Current Liabilities	1,090	1,316	1,619	2,339	535.69
Total Current Liabilities	39,941	35,101	29,833	31,693	12,055
Long-Term Debt	2,585	3,308	4,801	2,522	2,596
Long-Term Leases	48.14	73.14	78.32	78.65	19.7
Long-Term Unearned Revenue	800.65	937.94	1,036	1,384	457.02
Pension & Post-Retirement Benefits	600.15	627.13	531.77	567.2	-
Long-Term Deferred Tax Liabilities	340.27	301.47	225.12	213.03	18.13
Other Long-Term Liabilities	-898.79	-1,441	-675.92	-1,737	-535.85
Total Liabilities	43,417	38,908	35,828	34,721	14,611
Common Stock	4,839	4,839	4,839	3,270	1,928
Additional Paid-In Capital	20,405	20,329	19,598	8,964	4,066
Retained Earnings	12,239	11,616	11,188	9,858	5,325
Treasury Stock	-199.97	-	-	-150.74	-150.74
Comprehensive Income & Other	679.17	669.9	458.4	274.31	68.34
Total Common Equity	37,962	37,454	36,083	22,215	11,237
Minority Interest	1,881	1,758	1,611	7,787	415.18
Shareholders' Equity	39,843	39,213	37,695	30,003	11,652
Total Liabilities & Equity	83,259	78,120	73,523	64,724	26,263
Total Debt	15,259	12,943	9,396	8,829	5,412
Net Cash (Debt)	-2,347	102.05	4,313	2,627	-1,471
Net Cash Growth	-	-97.63%	64.19%	-	-
Net Cash Per Share	-0.49	0.02	1.00	0.81	-0.77
Filing Date Shares Outstanding	4,839	4,839	4,839	1,918	1,918
Total Common Shares Outstanding	4,839	4,839	4,839	1,918	1,918
Working Capital	24,115	24,392	25,643	15,284	7,357
Book Value Per Share	7.85	7.74	7.46	11.58	5.86
Tangible Book Value	36,203	35,615	34,174	20,197	10,465
Tangible Book Value Per Share	7.48	7.36	7.06	10.53	5.46
Buildings	8,145	7,912	7,413	6,899	3,180
Machinery	14,965	14,191	13,241	12,341	4,082
Construction In Progress	2,212	1,641	1,921	2,050	1,202

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