CITIC Heavy Industries 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	1,652	2,199	2,064	1,207	1,637	2,139
Trading Asset Securities	1.86	1.86	21.04	21.85	-	-
Cash & Short-Term Investments	1,654	2,201	2,085	1,229	1,637	2,139
Cash Growth	-6.28%	5.56%	69.73%	-24.96%	-23.46%	-14.10%
Accounts Receivable	4,399	4,121	4,010	4,356	4,964	4,273
Other Receivables	114.08	37.9	27.83	4.74	15.52	9.05
Receivables	4,513	4,158	4,038	4,361	4,980	4,282
Inventory	4,320	4,311	4,951	4,573	4,877	5,497
Other Current Assets	1,588	1,463	1,020	447.02	429.56	345.14
Total Current Assets	12,075	12,134	12,095	10,609	11,923	12,263
Property, Plant & Equipment	4,225	4,141	3,938	4,000	4,234	4,929
Long-Term Investments	1,284	1,285	1,325	1,360	1,340	1,254
Goodwill	656.21	663.54	646.48	654.5	643.93	639.14
Other Intangible Assets	1,083	1,105	1,022	986.17	927.78	966.97
Long-Term Deferred Tax Assets	295.8	266.68	289.89	235.44	214.7	186.63
Long-Term Deferred Charges	112.62	102.47	72.74	58.25	32.77	19.13
Other Long-Term Assets	340.55	348.61	288.17	447.27	189.44	120.49
Total Assets	20,072	20,045	19,677	18,351	19,506	20,378
Accounts Payable	4,298	4,262	4,518	4,293	4,329	4,790
Accrued Expenses	121.32	324.4	410.62	475.49	393.61	380.19
Short-Term Debt	392.32	817.64	-	900.44	1,441	3,543
Current Portion of Long-Term Debt	213.57	192.27	1,162	412.67	1,050	321.11
Current Portion of Leases	-	3.18	25.78	24.74	6.94	28.22
Current Income Taxes Payable	51.25	6.63	5.55	7.52	14.05	17.9
Current Unearned Revenue	3,166	2,853	2,386	2,029	1,928	1,453
Other Current Liabilities	543.21	544.11	495.12	405.88	543.01	169.42
Total Current Liabilities	8,786	9,004	9,003	8,549	9,706	10,704
Long-Term Debt	1,002	974.11	870	952.8	1,342	1,229
Long-Term Leases	109.67	6.02	10.21	33.04	14.42	26.07
Long-Term Unearned Revenue	335.46	328.62	322.64	343.47	382.76	431.45
Pension & Post-Retirement Benefits	158.39	157.2	170.02	165.22	168.2	200.87
Long-Term Deferred Tax Liabilities	67.14	38.26	46.76	54.42	44.4	41.33
Other Long-Term Liabilities	3.42	3.84	16.41	15.35	5.64	7.95
Total Liabilities	10,461	10,512	10,439	10,113	11,663	12,640
Common Stock	4,580	4,580	4,580	4,339	4,339	4,339
Additional Paid-In Capital	2,693	2,693	2,693	2,113	2,101	2,101
Retained Earnings	2,213	2,117	1,873	1,622	1,288	1,214
Comprehensive Income & Other	-60.16	-46.42	-101.87	-57.29	-94.16	-114.07
Total Common Equity	9,425	9,344	9,043	8,017	7,635	7,541
Minority Interest	185.18	189.62	194.85	220.8	207.88	197.22
Shareholders' Equity	9,610	9,533	9,238	8,238	7,843	7,738
Total Liabilities & Equity	20,072	20,045	19,677	18,351	19,506	20,378
Total Debt	1,717	1,993	2,067	2,324	3,855	5,147
Net Cash (Debt)	-63.13	207.89	17.75	-1,095	-2,218	-3,008
Net Cash Growth	-	1071.45%	-	-	-	-
Net Cash Per Share	-0.01	0.05	0.00	-0.25	-0.52	-0.69
Filing Date Shares Outstanding	4,580	4,580	4,580	4,339	4,339	4,339
Total Common Shares Outstanding	4,580	4,580	4,580	4,339	4,339	4,339
Working Capital	3,289	3,130	3,092	2,060	2,218	1,559
Book Value Per Share	2.06	2.04	1.97	1.85	1.76	1.74
Tangible Book Value	7,686	7,575	7,375	6,376	6,063	5,935
Tangible Book Value Per Share	1.68	1.65	1.61	1.47	1.40	1.37
Buildings	-	3,175	2,939	2,935	3,032	3,004
Machinery	-	6,144	6,026	6,053	5,920	5,737
Construction In Progress	-	246.9	206.84	135.94	230.21	862.84

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