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	Sep '26 Sep 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	10,870	10,187	10,492	8,843	6,839	5,939
Short-Term Investments	-	779.88	361.71	122.29	220.73	-
Trading Asset Securities	1,836	-	-	39.24	57.66	18
Cash & Short-Term Investments	12,705	10,967	10,854	9,004	7,118	5,957
Cash Growth	15.91%	1.03%	20.55%	26.50%	19.49%	-10.32%
Accounts Receivable	4,008	2,426	3,048	3,336	2,757	3,251
Other Receivables	45.66	41.56	135.39	100.16	88.35	111.65
Receivables	4,054	2,467	3,183	3,436	2,845	3,363
Inventory	2,347	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	1,547	406.73	392.23	270.7	114.62	153.97
Total Current Assets	20,654	15,921	17,945	14,734	11,789	10,830
Property, Plant & Equipment	2,739	2,504	2,398	2,365	2,300	2,371
Long-Term Investments	1,695	2,411	2,232	1,207	850.48	668.61
Other Intangible Assets	1,110	1,031	994.43	930.14	900.57	953.4
Long-Term Deferred Tax Assets	133.78	128.27	176.95	159.84	161.57	147.49
Long-Term Deferred Charges	199.89	184.66	108.05	132.88	117.05	87.73
Other Long-Term Assets	73.73	122.54	118.64	109.82	86.08	132.11
Total Assets	26,604	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	Sep '26 Sep 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	16,662	11,939	14,066	9,811	7,882	7,139
Accrued Expenses	332.34	1,015	965.31	907.72	788.46	771.08
Short-Term Debt	877.73	810.1	766.75	1,134	674.14	622.87
Current Portion of Long-Term Debt	49.73	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	50.39	24.84	37.3	22.44	1.82	3.67
Current Unearned Revenue	714.87	871.79	609.74	405.73	358.76	515
Other Current Liabilities	1,171	670.18	694.85	546.54	530.94	402.3
Total Current Liabilities	19,858	15,360	17,169	12,874	10,267	9,787
Long-Term Debt	135.07	111.18	-	108	148	168
Long-Term Leases	95.53	114.4	101.83	28.98	28.16	33.23
Long-Term Unearned Revenue	190.15	139.06	125.44	132.98	161.01	175.66
Long-Term Deferred Tax Liabilities	39.34	44.6	44.07	19.59	17.51	9.67
Other Long-Term Liabilities	43.59	42.6	55.68	44.35	44.62	22.53
Total Liabilities	20,362	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	Sep '26 Sep 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	2,750	2,702	2,702	3,077	2,758	2,635
Retained Earnings	2,173	2,376	2,306	1,915	1,350	1,157
Treasury Stock	-150.04	-86.96	-	-	-	-26.43
Comprehensive Income & Other	27.39	62.65	47.79	38.59	29.63	27.14
Total Common Equity	5,830	6,084	6,086	6,061	5,168	4,837
Minority Interest	412.32	407.72	390.56	369.25	370.74	157.46
Shareholders' Equity	6,242	6,491	6,476	6,431	5,539	4,995
Total Liabilities & Equity	26,604	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	Sep '26 Sep 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	1,158	1,065	897.71	1,318	880.6	1,157
Net Cash (Debt)	11,547	9,902	9,956	7,686	6,237	4,800
Net Cash Growth	18.69%	-0.55%	29.53%	23.23%	29.94%	-6.20%
Net Cash Per Share	11.44	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	795.58	561.11	775.95	1,860	1,522	1,043
Book Value Per Share	5.79	5.91	5.91	5.89	5.02	4.70
Tangible Book Value	4,721	5,052	5,091	5,131	4,268	3,884
Tangible Book Value Per Share	4.69	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