Cinda Real Estate 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	6,976	9,394	4,957	9,674	12,333	12,228
Short-Term Investments	-	2,154	2,475	1,845	7,310	614.97
Trading Asset Securities	1,142	1,149	776.95	2,035	2,101	2,917
Cash & Short-Term Investments	8,118	12,698	8,209	13,555	21,744	15,760
Cash Growth	0.69%	54.68%	-39.44%	-37.66%	37.97%	-45.94%
Accounts Receivable	2,850	3,037	2,709	2,439	2,189	991.46
Other Receivables	1,754	1,697	1,288	1,317	1,890	2,517
Receivables	4,604	4,734	3,997	3,755	4,157	4,577
Inventory	31,390	32,141	34,960	35,723	39,554	44,810
Prepaid Expenses	-	1,517	1,677	1,738	1,691	1,693
Other Current Assets	4,337	111.5	51.6	113.61	124.26	160.41
Total Current Assets	48,448	51,202	48,895	54,884	67,271	67,001
Property, Plant & Equipment	677.16	687.52	540.88	537.51	556.56	430.16
Long-Term Investments	19,663	20,495	23,900	24,031	17,328	15,679
Goodwill	76.19	76.19	81.84	81.84	81.84	81.84
Other Intangible Assets	2.55	3.14	5.53	11.37	5.89	4.2
Long-Term Accounts Receivable	-	-	-	-	15.91	17.41
Long-Term Deferred Tax Assets	726.6	658.58	887.13	943.48	876.93	1,321
Long-Term Deferred Charges	16.88	16.31	5.33	7.24	10.55	12.64
Other Long-Term Assets	3,960	3,461	2,118	2,159	2,260	2,375
Total Assets	73,571	76,599	76,434	82,655	88,406	86,922
Accounts Payable	2,104	2,542	2,697	3,331	4,210	4,329
Accrued Expenses	396.94	1,667	1,908	2,892	2,936	3,142
Short-Term Debt	826.7	750.57	640.07	90.03	1,012	-
Current Portion of Long-Term Debt	15,437	13,596	17,710	8,966	11,357	9,171
Current Portion of Leases	-	28.19	19.03	5.47	18.64	18.36
Current Income Taxes Payable	1,197	122.51	149.08	272.53	405.61	580.61
Current Unearned Revenue	3,309	2,970	1,620	5,170	7,543	13,698
Other Current Liabilities	2,633	7,996	2,793	4,597	9,598	5,640
Total Current Liabilities	25,904	29,672	27,537	25,324	37,081	36,580
Long-Term Debt	18,056	18,300	14,100	24,582	21,492	24,272
Long-Term Leases	84.5	101.95	17.79	17.65	19.28	30.36
Long-Term Unearned Revenue	257.56	257.56	273.32	263.55	241.4	207.67
Long-Term Deferred Tax Liabilities	153	149.49	177.77	197.08	221.47	157.37
Other Long-Term Liabilities	10,589	9,084	8,392	6,999	4,254	1,027
Total Liabilities	55,044	57,565	50,498	57,383	63,309	62,275
Common Stock	2,852	2,852	2,852	2,852	2,852	2,852
Additional Paid-In Capital	8,287	8,287	8,287	8,296	8,271	8,270
Retained Earnings	4,352	4,825	12,700	13,484	13,093	12,742
Total Common Equity	15,491	15,964	23,839	24,632	24,216	23,864
Minority Interest	3,036	3,071	2,098	639.85	881.08	783.11
Shareholders' Equity	18,527	19,035	25,936	25,272	25,097	24,647
Total Liabilities & Equity	73,571	76,599	76,434	82,655	88,406	86,922
Total Debt	34,405	32,776	32,487	33,662	33,899	33,492
Net Cash (Debt)	-26,286	-20,078	-24,278	-20,107	-12,155	-17,732
Net Cash Per Share	-9.38	-7.04	-8.36	-7.16	-4.20	-6.31
Filing Date Shares Outstanding	2,780	2,852	2,852	2,852	2,852	2,852
Total Common Shares Outstanding	2,780	2,852	2,852	2,852	2,852	2,852
Working Capital	22,545	21,530	21,358	29,560	30,189	30,421
Book Value Per Share	5.57	5.60	8.36	8.64	8.49	8.37
Tangible Book Value	15,412	15,884	23,751	24,539	24,128	23,778
Tangible Book Value Per Share	5.54	5.57	8.33	8.60	8.46	8.34
Buildings	-	611.31	616.04	627.69	617.16	472.78
Machinery	-	60.69	72.92	76.43	78.57	87.24
Construction In Progress	-	111.5	0.3	-	-	-

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