AVIC Airborne Systems 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	10,187	12,911	13,044	13,708	11,454	3,940
Trading Asset Securities	0.79	0.78	0.78	0.83	1.55	-
Cash & Short-Term Investments	10,188	12,912	13,045	13,709	11,456	3,940
Cash Growth	-16.37%	-1.02%	-4.85%	19.67%	190.74%	-0.17%
Accounts Receivable	30,845	31,034	29,737	26,869	21,372	8,621
Other Receivables	309.57	299.93	217.18	139.28	138.61	79.29
Receivables	31,155	31,334	29,954	27,008	21,511	8,701
Inventory	19,537	18,970	15,648	13,894	13,009	6,112
Other Current Assets	828.4	840.44	846.84	864.41	1,002	659.61
Total Current Assets	61,708	64,057	59,493	55,475	46,977	19,412
Property, Plant & Equipment	13,478	13,615	13,078	12,843	12,278	5,353
Long-Term Investments	2,434	2,607	2,550	2,274	2,190	290.84
Goodwill	24.07	24.07	24.07	24.07	98.42	-
Other Intangible Assets	1,703	1,735	1,815	1,885	1,920	772.04
Long-Term Deferred Tax Assets	546.38	537.37	405.41	319.57	287.23	86.91
Long-Term Deferred Charges	24.87	25.88	30.45	26.87	13.31	12.19
Other Long-Term Assets	662.95	658.35	723.77	675.39	960.09	335.32
Total Assets	80,583	83,259	78,120	73,523	64,724	26,263
Accounts Payable	23,316	23,729	21,419	20,002	17,919	6,981
Accrued Expenses	625.54	1,358	1,285	1,180	1,212	240.79
Short-Term Debt	8,791	10,269	7,143	3,672	3,989	2,604
Current Portion of Long-Term Debt	1,823	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	316.2	165.83	127.53	91.51	112.26	70.27
Current Unearned Revenue	998.33	972.66	1,392	2,423	3,883	1,432
Other Current Liabilities	1,493	1,090	1,316	1,619	2,339	535.69
Total Current Liabilities	37,363	39,941	35,101	29,833	31,693	12,055
Long-Term Debt	2,842	2,585	3,308	4,801	2,522	2,596
Long-Term Leases	51.4	48.14	73.14	78.32	78.65	19.7
Long-Term Unearned Revenue	802.83	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	295.43	340.27	301.47	225.12	213.03	18.13
Other Long-Term Liabilities	-624.32	-898.79	-1,441	-675.92	-1,737	-535.85
Total Liabilities	40,730	43,417	38,908	35,828	34,721	14,611
Common Stock	4,839	4,839	4,839	4,839	3,270	1,928
Additional Paid-In Capital	20,405	20,405	20,329	19,598	8,964	4,066
Retained Earnings	12,419	12,239	11,616	11,188	9,858	5,325
Treasury Stock	-294.44	-199.97	-	-	-150.74	-150.74
Comprehensive Income & Other	556.78	679.17	669.9	458.4	274.31	68.34
Total Common Equity	37,925	37,962	37,454	36,083	22,215	11,237
Minority Interest	1,927	1,881	1,758	1,611	7,787	415.18
Shareholders' Equity	39,853	39,843	39,213	37,695	30,003	11,652
Total Liabilities & Equity	80,583	83,259	78,120	73,523	64,724	26,263
Total Debt	13,507	15,259	12,943	9,396	8,829	5,412
Net Cash (Debt)	-3,320	-2,347	102.05	4,313	2,627	-1,471
Net Cash Growth	-	-	-97.63%	64.19%	-	-
Net Cash Per Share	-0.69	-0.49	0.02	1.00	0.81	-0.77
Filing Date Shares Outstanding	4,840	4,839	4,839	4,839	1,918	1,918
Total Common Shares Outstanding	4,840	4,839	4,839	4,839	1,918	1,918
Working Capital	24,345	24,115	24,392	25,643	15,284	7,357
Book Value Per Share	7.84	7.85	7.74	7.46	11.58	5.86
Tangible Book Value	36,198	36,203	35,615	34,174	20,197	10,465
Tangible Book Value Per Share	7.48	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.