Wanxiang Qianchao 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	7,611	7,286	6,119	5,255	4,313	6,237
Trading Asset Securities	3.92	10.28	-	0.41	0.65	1.05
Cash & Short-Term Investments	7,615	7,296	6,119	5,255	4,313	6,238
Cash Growth	7.18%	19.25%	16.43%	21.85%	-30.86%	22.97%
Accounts Receivable	4,887	4,718	3,971	3,692	3,203	3,037
Other Receivables	25.29	16.33	26.28	46.73	12.59	15.89
Receivables	4,912	4,734	3,997	3,749	3,231	3,068
Inventory	3,463	3,191	3,537	2,814	2,806	2,513
Other Current Assets	570.8	467.13	583.21	599.18	612.05	291.88
Total Current Assets	16,561	15,688	14,236	12,417	10,962	12,112
Property, Plant & Equipment	2,923	2,950	2,897	2,975	2,992	3,058
Long-Term Investments	4,994	3,617	4,733	5,039	4,811	1,256
Goodwill	0.03	0.03	0.03	0.03	0.03	0.03
Other Intangible Assets	275.92	240.41	246.15	222.86	224.83	212.08
Long-Term Deferred Tax Assets	226.48	193.38	33.19	14.52	33.34	35.4
Long-Term Deferred Charges	27.95	33.38	40.08	33.87	36.95	25.04
Other Long-Term Assets	332.64	323.37	109.85	188.15	128.9	122.02
Total Assets	25,341	23,046	22,296	20,890	19,188	16,821
Accounts Payable	6,423	6,266	5,121	4,993	4,744	3,983
Accrued Expenses	262.23	339.32	338.36	351.77	357.59	357.7
Short-Term Debt	5,774	4,204	3,765	3,554	2,129	1,471
Current Portion of Long-Term Debt	968.88	814.29	247.91	993.76	447.34	0.21
Current Portion of Leases	-	5.31	4.92	2.76	4.86	11.94
Current Income Taxes Payable	138.21	68.16	51.02	49.94	51.93	23.88
Current Unearned Revenue	207.66	170.58	884.01	492.18	497.83	228.68
Other Current Liabilities	206.93	224.37	275.29	199.21	145.57	108.83
Total Current Liabilities	13,982	12,092	10,687	10,638	8,379	6,185
Long-Term Debt	1,455	1,100	1,240	165.52	919.89	900.99
Long-Term Leases	25.24	25.27	30	13.39	26.53	34.21
Long-Term Unearned Revenue	294.5	313.84	303.05	289.84	277.26	254.06
Pension & Post-Retirement Benefits	4.06	4.19	4.7	5.35	6.27	7.08
Long-Term Deferred Tax Liabilities	34.31	23.35	19	62.91	17.95	12.66
Other Long-Term Liabilities	558.02	553.66	665.14	665.9	642.35	642.35
Total Liabilities	16,353	14,112	12,948	11,840	10,269	8,036
Common Stock	3,315	3,315	3,304	3,304	3,304	3,304
Additional Paid-In Capital	2,607	2,602	2,542	2,509	2,505	2,506
Retained Earnings	4,025	3,778	3,336	2,880	2,950	2,499
Comprehensive Income & Other	-1,168	-968.7	-31.28	166.41	-61.83	246.15
Total Common Equity	8,779	8,727	9,150	8,859	8,697	8,554
Minority Interest	209.02	207.38	197.61	190.73	222.64	229.9
Shareholders' Equity	8,988	8,934	9,348	9,050	8,920	8,784
Total Liabilities & Equity	25,341	23,046	22,296	20,890	19,188	16,821
Total Debt	8,224	6,148	5,287	4,730	3,528	2,418
Net Cash (Debt)	-608.69	1,148	831.63	525.55	785.13	3,820
Net Cash Growth	-	38.04%	58.24%	-33.06%	-79.44%	6.14%
Net Cash Per Share	-0.18	0.35	0.25	0.16	0.23	1.17
Filing Date Shares Outstanding	3,315	3,315	3,304	3,304	3,304	3,304
Total Common Shares Outstanding	3,315	3,315	3,304	3,304	3,304	3,304
Working Capital	2,579	3,597	3,549	1,779	2,584	5,927
Book Value Per Share	2.65	2.63	2.77	2.68	2.63	2.59
Tangible Book Value	8,503	8,486	8,904	8,636	8,472	8,342
Tangible Book Value Per Share	2.56	2.56	2.70	2.61	2.56	2.53
Buildings	-	872.43	860.46	755.93	710.73	710.49
Machinery	-	7,404	7,270	7,039	7,022	6,805
Construction In Progress	-	420.42	271.84	437.1	274.33	167.94

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