AVIC Heavy Machinery 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	3,421	3,574	5,465	5,601	5,735	6,130
Cash & Short-Term Investments	3,421	3,574	5,465	5,601	5,735	6,130
Cash Growth	-26.02%	-34.59%	-2.43%	-2.34%	-6.45%	100.84%
Accounts Receivable	12,651	12,541	10,911	9,420	6,875	5,579
Other Receivables	49.95	49.63	45.15	38.81	15.75	16.11
Receivables	12,701	12,591	10,956	9,459	6,891	5,595
Inventory	5,962	5,873	4,977	3,994	3,316	3,232
Prepaid Expenses	-	-	-	-	-	56.6
Other Current Assets	280.48	303.17	214.84	135.58	116.04	369.59
Total Current Assets	22,364	22,341	21,613	19,189	16,057	15,384
Property, Plant & Equipment	6,989	7,000	6,845	6,219	3,253	2,816
Long-Term Investments	600.17	599.43	718.09	720.88	862.95	740.47
Goodwill	68.95	68.95	68.95	68.95	40.95	40.95
Other Intangible Assets	626.8	628.33	613.18	578.41	301.54	332.49
Long-Term Deferred Tax Assets	217.07	210.26	200.89	239.02	217.3	172.26
Long-Term Deferred Charges	18.08	17.69	14.23	25.6	4.89	3.95
Other Long-Term Assets	142.31	241.83	252.05	296.49	362.44	195.17
Total Assets	31,026	31,107	30,325	27,338	21,100	19,685
Accounts Payable	9,264	9,083	8,218	7,302	5,857	4,576
Accrued Expenses	78.59	154.39	194.04	129.79	136.81	117.26
Short-Term Debt	1,839	1,702	1,371	1,570	272.05	535.45
Current Portion of Long-Term Debt	1,028	1,158	291.03	223.73	1,979	194.55
Current Portion of Leases	-	19.66	23.73	23.43	21.54	15.94
Current Income Taxes Payable	69.74	21.14	10.01	83.18	82.26	124.89
Current Unearned Revenue	152.57	422.81	458.86	713.95	605.66	828.87
Other Current Liabilities	417.77	704.89	1,326	1,279	575.72	921.52
Total Current Liabilities	12,850	13,266	11,893	11,326	9,530	7,314
Long-Term Debt	968.06	945.96	1,968	2,048	335.99	2,304
Long-Term Leases	72.87	72.19	76.49	94.44	78.38	87.46
Long-Term Unearned Revenue	189.9	188.47	140.37	37.9	24.76	30.52
Long-Term Deferred Tax Liabilities	91.91	92.33	90.66	85.38	50.84	31.86
Other Long-Term Liabilities	380.76	374.89	266.91	384.23	288.48	80.76
Total Liabilities	14,554	14,940	14,435	13,976	10,309	9,849
Common Stock	1,552	1,564	1,575	1,471	1,472	1,052
Additional Paid-In Capital	6,402	6,537	6,743	4,550	4,452	4,871
Retained Earnings	6,357	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	34.86	24.95	26.11	21.11	26.78	31.71
Total Common Equity	14,347	14,174	13,976	11,568	10,391	9,360
Minority Interest	2,126	1,993	1,914	1,794	400.86	476.17
Shareholders' Equity	16,473	16,167	15,890	13,362	10,791	9,836
Total Liabilities & Equity	31,026	31,107	30,325	27,338	21,100	19,685
Total Debt	3,908	3,898	3,730	3,960	2,687	3,138
Net Cash (Debt)	-487.43	-323.54	1,735	1,641	3,048	2,993
Net Cash Growth	-	-	5.72%	-46.16%	1.84%	-
Net Cash Per Share	-0.31	-0.21	1.17	1.12	2.08	2.15
Filing Date Shares Outstanding	1,552	1,564	1,575	1,471	1,472	1,472
Total Common Shares Outstanding	1,552	1,564	1,575	1,471	1,472	1,472
Working Capital	9,514	9,075	9,720	7,863	6,527	8,070
Book Value Per Share	9.24	9.07	8.87	7.86	7.06	6.36
Tangible Book Value	13,651	13,477	13,294	10,920	10,048	8,986
Tangible Book Value Per Share	8.79	8.62	8.44	7.42	6.83	6.10
Buildings	-	3,162	3,029	2,707	1,500	1,333
Machinery	-	6,730	6,323	5,334	3,085	3,137
Construction In Progress	-	775.81	671.19	917.87	729.01	308.29

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