Maoye Commercial 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	206.48	231.77	246.53	430.33	460.1	612.02
Short-Term Investments	-	-	-	-	10	-
Trading Asset Securities	-	-	7.67	21.78	25.3	37.03
Cash & Short-Term Investments	206.48	231.77	254.2	452.12	495.4	649.04
Cash Growth	1.76%	-8.82%	-43.78%	-8.74%	-23.67%	5.87%
Accounts Receivable	43.52	37.89	34.68	56.05	56.1	52.88
Other Receivables	446.25	445.42	469.03	557.58	658.86	385.19
Receivables	489.77	483.31	503.71	613.63	714.96	659.8
Inventory	1,103	1,095	1,093	1,103	1,123	1,058
Prepaid Expenses	-	3.6	3.61	1.55	3.71	3.72
Other Current Assets	193.35	167.69	199.83	212.59	196.62	384.99
Total Current Assets	1,992	1,982	2,054	2,383	2,533	2,755
Property, Plant & Equipment	4,959	5,096	5,650	6,111	6,889	7,176
Long-Term Investments	53.18	53.28	143.65	235.86	458.55	665.08
Goodwill	1,062	1,062	1,121	1,149	1,174	1,190
Other Intangible Assets	1,390	1,409	1,484	1,561	1,640	1,703
Long-Term Accounts Receivable	-	100.05	124.38	146.8	167.85	187.19
Long-Term Deferred Tax Assets	500.2	500.78	525.65	545.56	160.12	109.5
Long-Term Deferred Charges	115.53	131.72	193.59	291.42	370.1	450.32
Other Long-Term Assets	7,293	7,198	7,402	7,417	7,113	7,136
Total Assets	17,366	17,532	18,698	19,841	20,506	21,373
Accounts Payable	903.28	864.47	1,165	1,212	1,448	1,630
Accrued Expenses	20.9	442.91	455.68	469.66	483.52	512.03
Short-Term Debt	1,101	1,131	985.31	911.56	962.57	1,023
Current Portion of Long-Term Debt	753.37	459.92	549.27	1,494	802.48	757.67
Current Portion of Leases	-	492.35	353.16	337.88	442.19	275.11
Current Income Taxes Payable	285.57	173.42	198.76	192.43	51.28	66.06
Current Unearned Revenue	544.51	600.57	749.47	755.61	764.2	759.98
Other Current Liabilities	1,028	511.72	574.45	731.14	729.7	819.49
Total Current Liabilities	4,637	4,677	5,031	6,104	5,684	5,843
Long-Term Debt	2,807	2,884	3,095	2,809	3,632	4,075
Long-Term Leases	756.72	771.89	981.52	1,239	1,513	1,897
Long-Term Unearned Revenue	0.97	0.95	1.04	1.71	2.39	3.06
Pension & Post-Retirement Benefits	-	3.69	4.19	4.12	6.26	6.79
Long-Term Deferred Tax Liabilities	1,892	1,908	2,064	2,159	1,944	1,899
Other Long-Term Liabilities	32.24	25.35	9.29	14.89	14.35	25.98
Total Liabilities	10,127	10,270	11,186	12,332	12,796	13,750
Common Stock	1,732	1,732	1,732	1,732	1,732	1,732
Additional Paid-In Capital	-23.43	-	-	-	-	-
Retained Earnings	2,330	2,348	2,588	2,595	2,839	2,762
Comprehensive Income & Other	2,688	2,665	2,656	2,637	2,591	2,571
Total Common Equity	6,726	6,745	6,976	6,964	7,162	7,065
Minority Interest	512.47	517.45	536.05	544.54	548.43	556.98
Shareholders' Equity	7,239	7,262	7,512	7,509	7,710	7,622
Total Liabilities & Equity	17,366	17,532	18,698	19,841	20,506	21,373
Total Debt	5,419	5,739	5,964	6,791	7,352	8,028
Net Cash (Debt)	-5,213	-5,508	-5,710	-6,339	-6,856	-7,379
Net Cash Per Share	-3.00	-3.18	-3.29	-3.66	-3.96	-4.26
Filing Date Shares Outstanding	1,739	1,732	1,732	1,732	1,732	1,732
Total Common Shares Outstanding	1,739	1,732	1,732	1,732	1,732	1,732
Working Capital	-2,645	-2,695	-2,977	-3,721	-3,151	-3,088
Book Value Per Share	3.87	3.89	4.03	4.02	4.14	4.08
Tangible Book Value	4,274	4,274	4,371	4,254	4,349	4,172
Tangible Book Value Per Share	2.46	2.47	2.52	2.46	2.51	2.41
Buildings	-	6,116	6,156	6,156	6,127	6,161
Machinery	-	399.31	403.08	412.08	419.21	423.33
Construction In Progress	-	999.49	993.95	982.04	1,236	1,082

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