Changhong Meiling Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	9,902	10,187	10,492	8,843	6,839	5,939
Short-Term Investments	1,311	779.88	361.71	122.29	220.73	-
Trading Asset Securities	2,027	-	-	39.24	57.66	18
Cash & Short-Term Investments	13,239	10,967	10,854	9,004	7,118	5,957
Cash Growth	5.31%	1.03%	20.55%	26.50%	19.49%	-10.32%
Accounts Receivable	5,358	2,426	3,048	3,336	2,757	3,251
Other Receivables	65.01	41.56	135.39	100.16	88.35	111.65
Receivables	5,423	2,467	3,183	3,436	2,845	3,363
Inventory	2,448	2,080	3,515	2,023	1,710	1,356
Prepaid Expenses	1.69	0.61	0.69	0.51	1.27	0.04
Other Current Assets	469.95	406.73	392.23	270.7	114.62	153.97
Total Current Assets	21,582	15,921	17,945	14,734	11,789	10,830
Property, Plant & Equipment	2,598	2,504	2,398	2,365	2,300	2,371
Long-Term Investments	1,588	2,411	2,232	1,207	850.48	668.61
Other Intangible Assets	1,109	1,031	994.43	930.14	900.57	953.4
Long-Term Deferred Tax Assets	137.1	128.27	176.95	159.84	161.57	147.49
Long-Term Deferred Charges	170.7	184.66	108.05	132.88	117.05	87.73
Other Long-Term Assets	108.02	122.54	118.64	109.82	86.08	132.11
Total Assets	27,293	22,303	23,973	19,639	16,205	15,190

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	17,530	11,939	14,066	9,811	7,882	7,139
Accrued Expenses	931.29	1,015	965.31	907.72	788.46	771.08
Short-Term Debt	812.89	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	30	29.14	19.29	6.48	10.08	12.2
Current Income Taxes Payable	23.6	24.84	37.3	22.44	1.82	3.67
Current Unearned Revenue	386.68	871.79	609.74	405.73	358.76	515
Other Current Liabilities	773.33	670.18	694.85	546.54	530.94	402.3
Total Current Liabilities	20,488	15,360	17,169	12,874	10,267	9,787
Long-Term Debt	135.07	111.18	-	108	148	168
Long-Term Leases	102.67	114.4	101.83	28.98	28.16	33.23
Long-Term Unearned Revenue	192.41	139.06	125.44	132.98	161.01	175.66
Long-Term Deferred Tax Liabilities	44.73	44.6	44.07	19.59	17.51	9.67
Other Long-Term Liabilities	43.22	42.6	55.68	44.35	44.62	22.53
Total Liabilities	21,006	15,812	17,496	13,208	10,666	10,196

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,030	1,030	1,030	1,030	1,030	1,045
Additional Paid-In Capital	2,702	2,702	2,702	3,077	2,758	2,635
Retained Earnings	2,223	2,376	2,306	1,915	1,350	1,157
Treasury Stock	-150.04	-86.96	-	-	-	-26.43
Comprehensive Income & Other	71.28	62.65	47.79	38.59	29.63	27.14
Total Common Equity	5,876	6,084	6,086	6,061	5,168	4,837
Minority Interest	411.12	407.72	390.56	369.25	370.74	157.46
Shareholders' Equity	6,287	6,491	6,476	6,431	5,539	4,995
Total Liabilities & Equity	27,293	22,303	23,973	19,639	16,205	15,190

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,081	1,065	897.71	1,318	880.6	1,157
Net Cash (Debt)	12,159	9,902	9,956	7,686	6,237	4,800
Net Cash Growth	9.23%	-0.55%	29.53%	23.23%	29.94%	-6.20%
Net Cash Per Share	11.95	9.64	9.67	7.46	6.03	4.60
Filing Date Shares Outstanding	1,007	1,030	1,030	1,030	1,030	1,030
Total Common Shares Outstanding	1,007	1,030	1,030	1,030	1,030	1,030
Working Capital	1,094	561.11	775.95	1,860	1,522	1,043
Book Value Per Share	5.83	5.91	5.91	5.89	5.02	4.70
Tangible Book Value	4,767	5,052	5,091	5,131	4,268	3,884
Tangible Book Value Per Share	4.73	4.91	4.94	4.98	4.14	3.77
Buildings	1,894	1,852	1,927	1,987	1,712	1,689
Machinery	2,638	2,528	2,361	2,218	2,141	2,022
Construction In Progress	207.91	127.28	97.81	69.92	66.52	98.47