Aerosun 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	353.35	563.36	316.93	1,009	1,108	1,253
Cash & Short-Term Investments	353.35	563.36	316.93	1,009	1,108	1,253
Cash Growth	141.82%	77.76%	-68.60%	-8.91%	-11.61%	16.35%
Accounts Receivable	1,920	1,825	2,428	1,755	1,579	1,302
Other Receivables	21.52	19.16	31	47.26	55.6	63.51
Receivables	1,942	1,844	2,459	1,802	1,634	1,365
Inventory	475.47	415.15	624.69	1,083	1,503	1,187
Prepaid Expenses	-	-	4.81	5.63	-	-
Other Current Assets	66.37	67.42	80.72	81.79	212.69	250.33
Total Current Assets	2,837	2,890	3,486	3,982	4,458	4,056
Property, Plant & Equipment	1,023	1,049	1,112	1,125	1,171	1,178
Long-Term Investments	254.31	254.31	404.31	466.3	503.36	511.01
Goodwill	0.24	0.24	0.24	0.24	0.24	0.24
Other Intangible Assets	84.05	85.73	92.55	93.65	99.94	97.11
Long-Term Deferred Tax Assets	32.77	31.79	37.6	37.6	33.15	35.1
Long-Term Deferred Charges	3.81	4.12	5.25	6.78	10.52	12.82
Other Long-Term Assets	20.47	19.74	18.61	25.15	25.18	14.43
Total Assets	4,256	4,335	5,156	5,736	6,301	5,905
Accounts Payable	1,572	1,702	2,127	2,440	2,597	2,147
Accrued Expenses	46.78	44.97	84.99	130.18	120.67	84.12
Short-Term Debt	707.15	563.31	589.17	177.66	477.34	629.46
Current Portion of Long-Term Debt	0.31	0.31	-	-	-	-
Current Portion of Leases	-	-	0.61	0.59	-	-
Current Income Taxes Payable	2.01	42.33	3.66	5.9	3.63	0.22
Current Unearned Revenue	125.56	123.64	131.64	251.54	357.31	477.66
Other Current Liabilities	96.57	83.53	117.16	198.1	218.36	93.91
Total Current Liabilities	2,551	2,560	3,055	3,204	3,774	3,432
Long-Term Leases	-	-	0.31	0.92	-	-
Long-Term Unearned Revenue	26.19	24.99	18.8	4.45	17.05	36.54
Long-Term Deferred Tax Liabilities	21.6	21.65	24.92	23.59	27.8	30.63
Other Long-Term Liabilities	3.81	-	-	-	0.29	0.95
Total Liabilities	2,602	2,607	3,099	3,233	3,819	3,500
Common Stock	427.82	427.82	431.21	431.62	431.93	421.28
Additional Paid-In Capital	1,469	1,469	1,496	1,492	1,493	1,418
Retained Earnings	-267.3	-205.33	22.32	427.25	368.27	292.56
Treasury Stock	-	-	-48.65	-76.69	-79.31	-
Comprehensive Income & Other	-167.36	-170.27	-67.57	-14.02	36.02	49.21
Total Common Equity	1,462	1,521	1,833	2,260	2,250	2,181
Minority Interest	191.58	207.49	224.83	243.52	232.19	223.3
Shareholders' Equity	1,653	1,728	2,058	2,503	2,482	2,405
Total Liabilities & Equity	4,256	4,335	5,156	5,736	6,301	5,905
Total Debt	707.46	563.62	590.09	179.17	477.34	629.46
Net Cash (Debt)	-354.12	-0.25	-273.16	830.01	630.6	623.95
Net Cash Growth	-	-	-	31.62%	1.07%	2.24%
Net Cash Per Share	-0.81	-0.00	-0.63	1.96	1.50	1.50
Filing Date Shares Outstanding	442.6	419.4	431.33	431.62	431.93	421.28
Total Common Shares Outstanding	442.6	419.4	431.33	431.62	431.93	421.28
Working Capital	286.44	330.19	431.18	778.01	683.75	624.19
Book Value Per Share	3.30	3.63	4.25	5.24	5.21	5.18
Tangible Book Value	1,378	1,435	1,740	2,166	2,149	2,084
Tangible Book Value Per Share	3.11	3.42	4.03	5.02	4.98	4.95
Buildings	-	-	1,120	1,102	1,132	1,117
Machinery	-	-	890.12	846.44	809.44	784.96
Construction In Progress	-	-	2.42	21.86	37.86	32.28

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