Changhong Meiling 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	8,338	10,187	10,492	8,843	6,839	5,939
Short-Term Investments	-	779.88	361.71	122.29	220.73	-
Trading Asset Securities	1,360	-	-	39.24	57.66	18
Cash & Short-Term Investments	9,698	10,967	10,854	9,004	7,118	5,957
Cash Growth	-2.52%	1.03%	20.55%	26.50%	19.49%	-10.32%
Accounts Receivable	3,732	2,426	3,048	3,336	2,757	3,251
Other Receivables	31.2	41.56	135.39	100.16	88.35	111.65
Receivables	3,763	2,467	3,183	3,436	2,845	3,363
Inventory	2,290	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	1,244	406.73	392.23	270.7	114.62	153.97
Total Current Assets	16,995	15,921	17,945	14,734	11,789	10,830
Property, Plant & Equipment	2,582	2,504	2,398	2,365	2,300	2,371
Long-Term Investments	2,196	2,411	2,232	1,207	850.48	668.61
Other Intangible Assets	1,013	1,031	994.43	930.14	900.57	953.4
Long-Term Deferred Tax Assets	129.51	128.27	176.95	159.84	161.57	147.49
Long-Term Deferred Charges	223.56	184.66	108.05	132.88	117.05	87.73
Other Long-Term Assets	80.53	122.54	118.64	109.82	86.08	132.11
Total Assets	23,220	22,303	23,973	19,639	16,205	15,190
Accounts Payable	13,201	11,939	14,066	9,811	7,882	7,139
Accrued Expenses	272.42	1,015	965.31	907.72	788.46	771.08
Short-Term Debt	913.53	810.1	766.75	1,134	674.14	622.87
Current Portion of Long-Term Debt	46.61	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	88.69	24.84	37.3	22.44	1.82	3.67
Current Unearned Revenue	441.38	871.79	609.74	405.73	358.76	515
Other Current Liabilities	1,259	670.18	694.85	546.54	530.94	402.3
Total Current Liabilities	16,223	15,360	17,169	12,874	10,267	9,787
Long-Term Debt	135.07	111.18	-	108	148	168
Long-Term Leases	107.82	114.4	101.83	28.98	28.16	33.23
Long-Term Unearned Revenue	148.93	139.06	125.44	132.98	161.01	175.66
Long-Term Deferred Tax Liabilities	44.54	44.6	44.07	19.59	17.51	9.67
Other Long-Term Liabilities	43.54	42.6	55.68	44.35	44.62	22.53
Total Liabilities	16,703	15,812	17,496	13,208	10,666	10,196
Common Stock	1,030	1,030	1,030	1,030	1,030	1,045
Additional Paid-In Capital	2,750	2,702	2,702	3,077	2,758	2,635
Retained Earnings	2,446	2,376	2,306	1,915	1,350	1,157
Treasury Stock	-142.22	-86.96	-	-	-	-26.43
Comprehensive Income & Other	21.6	62.65	47.79	38.59	29.63	27.14
Total Common Equity	6,106	6,084	6,086	6,061	5,168	4,837
Minority Interest	412	407.72	390.56	369.25	370.74	157.46
Shareholders' Equity	6,518	6,491	6,476	6,431	5,539	4,995
Total Liabilities & Equity	23,220	22,303	23,973	19,639	16,205	15,190
Total Debt	1,203	1,065	897.71	1,318	880.6	1,157
Net Cash (Debt)	8,495	9,902	9,956	7,686	6,237	4,800
Net Cash Growth	-2.08%	-0.55%	29.53%	23.23%	29.94%	-6.20%
Net Cash Per Share	8.30	9.64	9.67	7.46	6.03	4.60
Filing Date Shares Outstanding	1,017	1,030	1,030	1,030	1,030	1,030
Total Common Shares Outstanding	1,017	1,030	1,030	1,030	1,030	1,030
Working Capital	772.4	561.11	775.95	1,860	1,522	1,043
Book Value Per Share	6.01	5.91	5.91	5.89	5.02	4.70
Tangible Book Value	5,092	5,052	5,091	5,131	4,268	3,884
Tangible Book Value Per Share	5.01	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

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