CITIC Offshore Helicopter 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	2,347	2,160	1,468	1,236	1,441	1,930
Cash & Short-Term Investments	2,347	2,160	1,468	1,236	1,441	1,930
Cash Growth	35.02%	47.10%	18.82%	-14.26%	-25.33%	207.07%
Accounts Receivable	809.16	1,012	1,240	1,001	1,035	902.09
Other Receivables	110.25	43.97	48.87	46.16	48.92	36.83
Receivables	919.42	1,056	1,289	1,047	1,083	938.92
Inventory	287.96	290.02	294.34	297.07	296.05	274.3
Other Current Assets	232.55	202.82	217.96	195.61	108.91	284.58
Total Current Assets	3,787	3,708	3,269	2,776	2,929	3,428
Property, Plant & Equipment	3,465	3,564	3,415	3,191	3,200	2,869
Long-Term Investments	19.18	20.57	17.44	0.43	0.61	0.78
Other Intangible Assets	84.89	86.31	87.2	83.17	86.83	90.81
Long-Term Deferred Tax Assets	94.53	94.53	96.64	80.4	81.63	52.27
Long-Term Deferred Charges	234.03	200.96	119.59	117.1	117.55	126.95
Other Long-Term Assets	58.1	58.17	67.05	51.62	47.22	49.53
Total Assets	7,743	7,733	7,072	6,299	6,464	6,617
Accounts Payable	201.61	199.51	206.92	127.37	116.5	92.84
Accrued Expenses	81.99	121.84	118.97	113.63	101.29	155.41
Current Portion of Long-Term Debt	-	-	1	14.03	93.64	197.77
Current Portion of Leases	159.71	160.73	163.83	134.15	138.27	100.21
Current Income Taxes Payable	31.51	15.78	31.71	24.95	44.76	7.68
Current Unearned Revenue	54.13	54.68	98.71	29.74	51.35	45.88
Other Current Liabilities	117.85	128.03	125.02	132.98	116.61	117.41
Total Current Liabilities	646.78	680.56	746.16	576.85	662.42	717.19
Long-Term Debt	-	-	-	1	239.26	437.14
Long-Term Leases	963.62	1,009	646.66	290.12	252.6	258.71
Long-Term Unearned Revenue	29.49	29.49	29.49	29.49	29.49	29.52
Pension & Post-Retirement Benefits	129.74	129.74	184.93	172.41	158.7	222.63
Other Long-Term Liabilities	293	293	29.42	-	-	-
Total Liabilities	2,063	2,142	1,637	1,070	1,342	1,665
Common Stock	775.77	775.77	775.77	775.77	775.77	775.77
Additional Paid-In Capital	1,945	1,945	1,945	1,945	1,945	1,945
Retained Earnings	2,852	2,758	2,596	2,356	2,167	2,035
Comprehensive Income & Other	14.39	14.39	5.36	25.49	31.97	-26.51
Total Common Equity	5,587	5,493	5,322	5,102	4,920	4,729
Minority Interest	93.84	97.55	113.65	127.72	201.61	222.91
Shareholders' Equity	5,680	5,591	5,435	5,230	5,121	4,952
Total Liabilities & Equity	7,743	7,733	7,072	6,299	6,464	6,617
Total Debt	1,123	1,170	811.49	439.31	723.76	993.82
Net Cash (Debt)	1,224	989.59	656.56	796.19	717.19	935.88
Net Cash Growth	37.28%	50.72%	-17.54%	11.02%	-23.37%	-
Net Cash Per Share	1.59	1.28	0.84	1.03	0.92	1.40
Filing Date Shares Outstanding	775.77	775.77	775.77	775.77	775.77	775.77
Total Common Shares Outstanding	775.77	775.77	775.77	775.77	775.77	775.77
Working Capital	3,140	3,028	2,523	2,199	2,267	2,710
Book Value Per Share	7.20	7.08	6.86	6.58	6.34	6.10
Tangible Book Value	5,502	5,407	5,234	5,019	4,833	4,638
Tangible Book Value Per Share	7.09	6.97	6.75	6.47	6.23	5.98
Buildings	-	207.05	207.05	206.74	207.57	220.08
Machinery	-	5,325	5,191	4,999	4,761	4,471
Construction In Progress	-	110.95	126.08	95.69	463.95	224.46