Shenzhen Airport 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	3,788	3,285	1,527	633.73	241.77	3,164
Short-Term Investments	798.29	268.55	995.59	333.89	217.64	310.06
Trading Asset Securities	1,012	1,007	1,208	1,209	1,424	-
Cash & Short-Term Investments	5,599	4,560	3,730	2,177	1,883	3,474
Cash Growth	35.38%	22.26%	71.35%	15.59%	-45.80%	136.91%
Accounts Receivable	828.77	804.5	935.47	845.37	460.7	545.29
Other Receivables	3.79	21.37	8.5	148.14	10.62	36.23
Receivables	832.56	825.87	943.97	993.52	471.33	581.52
Inventory	9.55	10.21	7.28	7.06	5.77	7.5
Other Current Assets	10.06	26.31	6.28	7.12	21.75	93.03
Total Current Assets	6,451	5,423	4,688	3,185	2,382	4,156
Property, Plant & Equipment	16,757	16,799	16,508	17,629	19,452	20,293
Long-Term Investments	653.79	1,248	1,596	2,083	2,157	1,158
Other Intangible Assets	315.19	325.71	371.44	287.04	300.3	282.14
Long-Term Deferred Tax Assets	435.92	459.19	561.96	678.47	773.41	328.19
Long-Term Deferred Charges	6.32	6.63	3.09	-	-	22.28
Other Long-Term Assets	440.35	443.03	445.79	310.7	85.68	89.64
Total Assets	25,155	24,705	24,174	24,173	25,151	26,330
Accounts Payable	31.25	26.71	30.98	20.76	11.53	10.61
Accrued Expenses	401.9	576.95	634.15	717.79	668.45	660.64
Current Portion of Long-Term Debt	516.03	371.79	277.56	279.03	175.82	16.96
Current Portion of Leases	-	153.78	136.36	134.4	126.74	127.31
Current Income Taxes Payable	82.71	13.92	11.97	22.39	36.89	38.89
Current Unearned Revenue	56.94	23.2	35.45	16.58	22.65	28.68
Other Current Liabilities	1,363	1,134	1,525	1,753	2,748	2,866
Total Current Liabilities	2,452	2,300	2,652	2,944	3,791	3,749
Long-Term Debt	3,192	3,411	3,735	4,005	4,274	4,439
Long-Term Leases	6,792	6,641	5,735	6,084	6,077	6,237
Long-Term Unearned Revenue	57.23	56.19	31.41	0.76	1.47	2.23
Other Long-Term Liabilities	650	650	650	20.23	275.6	-
Total Liabilities	13,148	13,058	12,803	13,054	14,419	14,428
Common Stock	2,051	2,051	2,051	2,051	2,051	2,051
Additional Paid-In Capital	2,784	2,785	2,786	2,788	2,789	2,791
Retained Earnings	7,053	6,794	6,514	6,277	5,880	7,048
Total Common Equity	11,888	11,629	11,352	11,115	10,720	11,889
Minority Interest	118.82	18.12	19	4.25	11.95	13.56
Shareholders' Equity	12,007	11,647	11,371	11,119	10,732	11,903
Total Liabilities & Equity	25,155	24,705	24,174	24,173	25,151	26,330
Total Debt	10,500	10,577	9,884	10,502	10,654	10,820
Net Cash (Debt)	-4,901	-6,017	-6,154	-8,325	-8,770	-7,346
Net Cash Per Share	-2.39	-2.93	-3.00	-4.06	-4.28	-3.58
Filing Date Shares Outstanding	2,051	2,051	2,051	2,051	2,051	2,051
Total Common Shares Outstanding	2,051	2,051	2,051	2,051	2,051	2,051
Working Capital	3,999	3,123	2,036	240.56	-1,408	406.99
Book Value Per Share	5.80	5.67	5.54	5.42	5.23	5.80
Tangible Book Value	11,477	11,303	10,980	10,828	10,420	11,607
Tangible Book Value Per Share	5.60	5.51	5.35	5.28	5.08	5.66
Buildings	-	12,576	12,545	12,519	13,510	13,448
Machinery	-	5,234	5,136	5,346	5,414	5,338
Construction In Progress	-	93.41	113.77	67.55	141.49	149.64