Spring Airlines 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	8,347	8,830	10,224	11,583	10,208	7,260
Trading Asset Securities	0.02	0.02	0.02	0.01	138.35	2.91
Cash & Short-Term Investments	8,348	8,830	10,224	11,583	10,347	7,263
Cash Growth	-23.14%	-13.63%	-11.73%	11.95%	42.45%	-20.98%
Accounts Receivable	172.49	118.37	125.59	180.38	105.25	98.46
Other Receivables	482.31	402.99	326.39	302.9	527.56	585.82
Receivables	654.81	521.36	451.98	483.29	632.81	684.28
Inventory	366.95	703	657.87	536.86	174.79	213.4
Other Current Assets	858.24	653.57	679.12	376.8	691.48	552.93
Total Current Assets	10,228	10,708	12,013	12,980	11,846	8,714
Property, Plant & Equipment	34,583	33,209	28,876	28,142	27,995	26,307
Long-Term Investments	600.87	837.4	952.26	867.52	1,133	1,022
Other Intangible Assets	715.25	719.32	733.33	751.08	765.2	781.96
Long-Term Deferred Tax Assets	507.07	476.94	599.59	817.78	1,018	586
Long-Term Deferred Charges	506.65	513.36	498.45	508.07	411.39	384.77
Other Long-Term Assets	1,281	413.07	162.17	172.26	251.29	524.53
Total Assets	48,421	46,877	43,835	44,238	43,420	38,320
Accounts Payable	2,424	1,512	620.72	227.11	367.25	330.82
Accrued Expenses	329.09	2,719	2,050	2,244	1,650	981.4
Short-Term Debt	1,153	1,062	628.93	4,190	5,405	4,484
Current Portion of Long-Term Debt	6,106	3,678	2,710	3,239	4,038	1,954
Current Portion of Leases	-	873	816.9	1,053	1,041	934.69
Current Income Taxes Payable	621.48	63.81	57.48	35.98	29.15	38.3
Current Unearned Revenue	1,254	1,368	1,669	1,312	635.98	550.52
Other Current Liabilities	1,306	539.63	495.73	495.1	280.23	401.29
Total Current Liabilities	13,194	11,816	9,049	12,796	13,446	9,675
Long-Term Debt	12,587	13,140	13,812	11,100	10,896	9,472
Long-Term Leases	2,349	1,865	1,330	2,347	3,324	3,306
Long-Term Deferred Tax Liabilities	5.6	6.97	16.32	33.29	43.49	39.29
Other Long-Term Liabilities	1,645	1,885	2,247	2,212	2,017	2,081
Total Liabilities	29,780	28,713	26,454	28,488	29,727	24,573
Common Stock	978.33	978.33	978.55	978.55	978.55	916.46
Additional Paid-In Capital	7,785	7,785	7,793	7,792	7,791	4,881
Retained Earnings	10,783	9,800	8,670	7,081	4,823	7,859
Treasury Stock	-870.03	-542.96	-110.57	-74.28	-72.23	-
Comprehensive Income & Other	-34.41	143.53	49.78	-27.29	172.09	90.27
Total Common Equity	18,641	18,164	17,381	15,750	13,693	13,747
Shareholders' Equity	18,641	18,164	17,381	15,750	13,693	13,747
Total Liabilities & Equity	48,421	46,877	43,835	44,238	43,420	38,320
Total Debt	22,194	20,618	19,298	21,929	24,704	20,151
Net Cash (Debt)	-13,847	-11,788	-9,074	-10,347	-14,357	-12,887
Net Cash Per Share	-14.30	-12.12	-9.29	-10.59	-15.60	-13.18
Filing Date Shares Outstanding	961.27	961.27	972.72	977.1	937.4	916.46
Total Common Shares Outstanding	961.27	968	976.82	977.1	937.4	916.46
Working Capital	-2,967	-1,108	2,964	183.77	-1,601	-960.79
Book Value Per Share	19.39	18.76	17.79	16.12	14.61	15.00
Tangible Book Value	17,926	17,444	16,648	14,999	12,928	12,965
Tangible Book Value Per Share	18.65	18.02	17.04	15.35	13.79	14.15
Buildings	-	1,087	884.98	80.04	-	-
Machinery	-	37,114	33,066	26,419	23,555	21,662
Construction In Progress	-	3,442	2,213	6,214	6,895	5,400

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