AVIC Heavy Machinery 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	3,574	5,465	5,601	5,735	6,130
Cash & Short-Term Investments	3,574	5,465	5,601	5,735	6,130
Cash Growth	-34.59%	-2.43%	-2.34%	-6.45%	100.84%
Accounts Receivable	12,541	10,911	9,420	6,875	5,579
Other Receivables	49.63	45.15	38.81	15.75	16.11
Receivables	12,591	10,956	9,459	6,891	5,595
Inventory	5,873	4,977	3,994	3,316	3,232
Prepaid Expenses	-	-	-	-	56.6
Other Current Assets	303.17	214.84	135.58	116.04	369.59
Total Current Assets	22,341	21,613	19,189	16,057	15,384
Property, Plant & Equipment	7,002	6,845	6,219	3,253	2,816
Long-Term Investments	599.43	718.09	720.88	862.95	740.47
Goodwill	68.95	68.95	68.95	40.95	40.95
Other Intangible Assets	628.33	613.18	578.41	301.54	332.49
Long-Term Deferred Tax Assets	210.26	200.89	239.02	217.3	172.26
Long-Term Deferred Charges	17.69	14.23	25.6	4.89	3.95
Other Long-Term Assets	239.25	252.05	296.49	362.44	195.17
Total Assets	31,107	30,325	27,338	21,100	19,685
Accounts Payable	9,083	8,218	7,302	5,857	4,576
Accrued Expenses	105.32	194.04	129.79	136.81	117.26
Short-Term Debt	1,702	1,371	1,570	272.05	535.45
Current Portion of Long-Term Debt	1,281	371.91	223.73	1,979	194.55
Current Portion of Leases	-	23.73	23.43	21.54	15.94
Current Income Taxes Payable	89.5	10.01	83.18	82.26	124.89
Current Unearned Revenue	422.81	458.86	713.95	605.66	828.87
Other Current Liabilities	581.96	1,245	1,279	575.72	921.52
Total Current Liabilities	13,266	11,893	11,326	9,530	7,314
Long-Term Debt	945.96	2,113	2,048	335.99	2,304
Long-Term Leases	72.19	76.49	94.44	78.38	87.46
Long-Term Unearned Revenue	188.47	140.37	37.9	24.76	30.52
Long-Term Deferred Tax Liabilities	92.33	90.66	85.38	50.84	31.86
Other Long-Term Liabilities	374.89	121.41	384.23	288.48	80.76
Total Liabilities	14,940	14,435	13,976	10,309	9,849
Common Stock	1,564	1,575	1,471	1,472	1,052
Additional Paid-In Capital	6,537	6,743	4,550	4,452	4,871
Retained Earnings	6,195	5,778	5,537	4,467	3,447
Treasury Stock	-145.88	-145.88	-10.57	-27.12	-41.87
Comprehensive Income & Other	24.95	26.11	21.11	26.78	31.71
Total Common Equity	14,174	13,976	11,568	10,391	9,360
Minority Interest	1,993	1,914	1,794	400.86	476.17
Shareholders' Equity	16,167	15,890	13,362	10,791	9,836
Total Liabilities & Equity	31,107	30,325	27,338	21,100	19,685
Total Debt	4,002	3,956	3,960	2,687	3,138
Net Cash (Debt)	-427.16	1,509	1,641	3,048	2,993
Net Cash Growth	-	-8.08%	-46.16%	1.84%	-
Net Cash Per Share	-0.27	1.01	1.12	2.08	2.15
Filing Date Shares Outstanding	1,508	1,575	1,471	1,472	1,472
Total Common Shares Outstanding	1,508	1,575	1,471	1,472	1,472
Working Capital	9,075	9,720	7,863	6,527	8,070
Book Value Per Share	9.40	8.87	7.86	7.06	6.36
Tangible Book Value	13,477	13,294	10,920	10,048	8,986
Tangible Book Value Per Share	8.94	8.44	7.42	6.83	6.10
Buildings	-	3,029	2,707	1,500	1,333
Machinery	-	6,323	5,334	3,085	3,137
Construction In Progress	-	671.19	917.87	729.01	308.29

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.