Changhong Meiling Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	10,187	10,492	8,843	6,839	5,939
Short-Term Investments	779.88	361.71	122.29	220.73	-
Trading Asset Securities	-	-	39.24	57.66	18
Cash & Short-Term Investments	10,967	10,854	9,004	7,118	5,957
Cash Growth	1.03%	20.55%	26.50%	19.49%	-10.32%
Accounts Receivable	2,426	3,048	3,336	2,757	3,251
Other Receivables	41.56	135.39	100.16	88.35	111.65
Receivables	2,467	3,183	3,436	2,845	3,363
Inventory	2,080	3,515	2,023	1,710	1,356
Prepaid Expenses	0.61	0.69	0.51	1.27	0.04
Other Current Assets	406.73	392.23	270.7	114.62	153.97
Total Current Assets	15,921	17,945	14,734	11,789	10,830
Property, Plant & Equipment	2,504	2,398	2,365	2,300	2,371
Long-Term Investments	2,411	2,232	1,207	850.48	668.61
Other Intangible Assets	1,031	994.43	930.14	900.57	953.4
Long-Term Deferred Tax Assets	128.27	176.95	159.84	161.57	147.49
Long-Term Deferred Charges	184.66	108.05	132.88	117.05	87.73
Other Long-Term Assets	122.54	118.64	109.82	86.08	132.11
Total Assets	22,303	23,973	19,639	16,205	15,190
Accounts Payable	11,939	14,066	9,811	7,882	7,139
Accrued Expenses	1,015	965.31	907.72	788.46	771.08
Short-Term Debt	810.1	766.75	1,134	674.14	622.87
Current Portion of Long-Term Debt	0.02	9.84	40.17	20.21	320.52
Current Portion of Leases	29.14	19.29	6.48	10.08	12.2
Current Income Taxes Payable	24.84	37.3	22.44	1.82	3.67
Current Unearned Revenue	871.79	609.74	405.73	358.76	515
Other Current Liabilities	670.18	694.85	546.54	530.94	402.3
Total Current Liabilities	15,360	17,169	12,874	10,267	9,787
Long-Term Debt	111.18	-	108	148	168
Long-Term Leases	114.4	101.83	28.98	28.16	33.23
Long-Term Unearned Revenue	139.06	125.44	132.98	161.01	175.66
Long-Term Deferred Tax Liabilities	44.6	44.07	19.59	17.51	9.67
Other Long-Term Liabilities	42.6	55.68	44.35	44.62	22.53
Total Liabilities	15,812	17,496	13,208	10,666	10,196
Common Stock	1,030	1,030	1,030	1,030	1,045
Additional Paid-In Capital	2,702	2,702	3,077	2,758	2,635
Retained Earnings	2,376	2,306	1,915	1,350	1,157
Treasury Stock	-86.96	-	-	-	-26.43
Comprehensive Income & Other	62.65	47.79	38.59	29.63	27.14
Total Common Equity	6,084	6,086	6,061	5,168	4,837
Minority Interest	407.72	390.56	369.25	370.74	157.46
Shareholders' Equity	6,491	6,476	6,431	5,539	4,995
Total Liabilities & Equity	22,303	23,973	19,639	16,205	15,190
Total Debt	1,065	897.71	1,318	880.6	1,157
Net Cash (Debt)	9,902	9,956	7,686	6,237	4,800
Net Cash Growth	-0.55%	29.53%	23.23%	29.94%	-6.20%
Net Cash Per Share	9.64	9.67	7.46	6.03	4.60
Filing Date Shares Outstanding	1,030	1,030	1,030	1,030	1,030
Total Common Shares Outstanding	1,030	1,030	1,030	1,030	1,030
Working Capital	561.11	775.95	1,860	1,522	1,043
Book Value Per Share	5.91	5.91	5.89	5.02	4.70
Tangible Book Value	5,052	5,091	5,131	4,268	3,884
Tangible Book Value Per Share	4.91	4.94	4.98	4.14	3.77
Buildings	1,852	1,927	1,987	1,712	1,689
Machinery	2,528	2,361	2,218	2,141	2,022
Construction In Progress	127.28	97.81	69.92	66.52	98.47

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.