Anhui Heli Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,324	1,636	1,410	2,921	3,496	2,004
Short-Term Investments	42.45	478.2	539.12	-	-	-
Trading Asset Securities	2,775	2,806	4,669	4,680	3,341	2,320
Cash & Short-Term Investments	4,142	4,920	6,618	7,601	6,837	4,324
Cash Growth	-13.44%	-25.65%	-12.94%	11.18%	58.10%	17.39%
Accounts Receivable	4,584	3,520	2,700	2,307	1,759	1,755
Other Receivables	148.23	121.74	97.14	61.04	14.84	33.2
Receivables	4,732	3,642	2,798	2,369	1,774	1,788
Inventory	3,976	3,586	3,586	2,326	2,177	2,026
Prepaid Expenses	1.37	8.94	14.38	21.02	-	-
Other Current Assets	693.61	483.74	452.47	201.02	330.68	299.93
Total Current Assets	13,545	12,641	13,468	12,518	11,118	8,438
Property, Plant & Equipment	5,000	4,934	4,154	3,121	2,477	2,185
Long-Term Investments	1,042	1,205	1,193	790.24	563.48	442.24
Goodwill	68.49	68.49	64.89	-	55.82	55.82
Other Intangible Assets	643.78	641.34	625.13	505.64	498.64	300.37
Long-Term Deferred Tax Assets	151	134.45	100.91	75.34	45.36	43.54
Long-Term Deferred Charges	21.57	27.24	26.76	14.26	15	5.61
Other Long-Term Assets	397.41	206.49	211.72	186.38	188.42	165.15
Total Assets	20,869	19,858	19,845	17,210	14,962	11,636

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	5,373	4,096	3,568	2,791	2,400	2,852
Accrued Expenses	348.37	376.75	326.19	278.71	279.93	141.88
Short-Term Debt	240.84	646.31	1,233	540.17	537.16	526.4
Current Portion of Long-Term Debt	607.78	409.78	1,262	558.39	300	700
Current Portion of Leases	35.35	84.67	55.23	31.8	34.72	24.07
Current Income Taxes Payable	68.5	78.47	90.4	98.92	50.31	29.62
Current Unearned Revenue	594.78	474.21	489.18	293.63	241.57	273.7
Other Current Liabilities	355.2	404.82	274.83	207.3	138.83	149.93
Total Current Liabilities	7,624	6,571	7,299	4,800	3,982	4,698
Long-Term Debt	749.47	951.68	903.81	3,504	3,306	353.5
Long-Term Leases	139.89	135.25	156.1	68.71	69.21	69.52
Long-Term Unearned Revenue	291.11	288.15	249.41	247.76	132.38	103.62
Long-Term Deferred Tax Liabilities	16.43	19.95	17.53	8.47	0.98	4.51
Total Liabilities	8,821	7,966	8,626	8,629	7,490	5,229

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	890.69	890.69	890.69	740.21	740.18	740.18
Additional Paid-In Capital	1,871	1,879	2,157	386.09	349.48	315.39
Retained Earnings	8,198	7,971	7,370	6,505	5,428	4,762
Comprehensive Income & Other	78.6	93.97	-34.97	323.25	312.03	-7.23
Total Common Equity	11,039	10,835	10,383	7,955	6,830	5,810
Minority Interest	1,010	1,057	835.7	626.78	641.4	596.57
Shareholders' Equity	12,048	11,892	11,219	8,582	7,471	6,407
Total Liabilities & Equity	20,869	19,858	19,845	17,210	14,962	11,636

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,773	2,228	3,610	4,703	4,247	1,673
Net Cash (Debt)	2,369	2,693	3,008	2,898	2,590	2,651
Net Cash Growth	6.50%	-10.48%	3.80%	11.87%	-2.28%	-8.79%
Net Cash Per Share	2.64	3.01	3.37	3.28	3.51	3.60
Filing Date Shares Outstanding	890.69	890.69	890.69	740.21	740.18	740.18
Total Common Shares Outstanding	890.69	890.69	890.69	740.21	740.18	740.18
Working Capital	5,921	6,070	6,169	7,718	7,136	3,740
Book Value Per Share	12.39	12.16	11.66	10.75	9.23	7.85
Tangible Book Value	10,326	10,125	9,693	7,449	6,276	5,454
Tangible Book Value Per Share	11.59	11.37	10.88	10.06	8.48	7.37
Buildings	2,956	2,859	2,394	1,577	1,519	1,407
Machinery	4,802	3,838	3,582	3,280	2,924	2,620
Construction In Progress	609.21	543.77	592.45	810.87	270.76	221.15