Air China Cargo 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,732	4,762	5,998	5,611	5,818	9,173
Short-Term Investments	-	405.68	-	-	-	-
Cash & Short-Term Investments	5,732	5,168	5,998	5,611	5,818	9,173
Cash Growth	1.06%	-13.84%	6.90%	-3.57%	-36.57%	289.92%
Accounts Receivable	3,029	3,063	2,820	2,685	2,434	3,974
Other Receivables	233.57	207.11	147.13	145.37	135.93	105.81
Receivables	3,262	3,270	2,967	2,830	2,570	4,784
Inventory	4.88	4.73	4.56	4.29	4.82	4.69
Other Current Assets	277.1	300.69	396.15	222.11	261.3	184.23
Total Current Assets	9,276	8,743	9,366	8,667	8,654	14,146
Property, Plant & Equipment	20,170	19,956	17,184	13,184	11,619	9,789
Long-Term Investments	25.01	24.58	27.62	26.68	27.18	37.45
Other Intangible Assets	418.92	422.68	417.7	430.66	432.32	442.32
Long-Term Deferred Tax Assets	55.23	55.36	43.15	57.26	94.18	131.92
Long-Term Deferred Charges	671.86	653.55	479.69	348.61	176.76	2.99
Other Long-Term Assets	95.79	97.69	100.88	108.22	119.44	130.5
Total Assets	30,713	29,953	27,618	22,823	21,123	24,680
Accounts Payable	1,946	962.12	892.85	739.6	335.22	1,851
Accrued Expenses	364.56	1,521	1,314	1,495	1,632	1,405
Current Portion of Leases	194.01	48.7	200.41	173.47	79.41	551.28
Current Income Taxes Payable	136.11	83.4	88.73	37.79	18.16	336.13
Current Unearned Revenue	4.6	15.13	6.11	8.36	0.07	8.89
Other Current Liabilities	442.55	391.57	414.47	464.95	369.9	691.58
Total Current Liabilities	3,088	3,022	2,916	2,919	2,435	4,844
Long-Term Leases	294.64	76.44	85.57	225.29	118.21	1,841
Long-Term Unearned Revenue	4.2	4.73	6.81	8.9	16.42	24.54
Other Long-Term Liabilities	8.35	-	-	-	-	-
Total Liabilities	3,395	3,103	3,009	3,153	2,569	6,710
Common Stock	12,209	12,209	12,011	10,690	10,690	10,690
Additional Paid-In Capital	7,353	7,353	7,100	5,435	5,434	1,538
Retained Earnings	7,748	7,276	5,485	3,532	2,419	5,735
Comprehensive Income & Other	0.91	4.66	8.45	4.46	3.07	1.14
Total Common Equity	27,311	26,843	24,604	19,661	18,546	17,964
Minority Interest	6.64	6.81	6.24	9.08	8.02	6.71
Shareholders' Equity	27,318	26,849	24,610	19,670	18,554	17,970
Total Liabilities & Equity	30,713	29,953	27,618	22,823	21,123	24,680
Total Debt	488.65	125.14	285.97	398.75	197.63	2,393
Net Cash (Debt)	5,243	5,043	5,712	5,212	5,621	6,781
Net Cash Growth	-3.04%	-11.71%	9.59%	-7.27%	-17.11%	-
Net Cash Per Share	0.42	0.41	0.53	0.50	0.53	0.63
Filing Date Shares Outstanding	12,209	12,209	12,209	10,486	10,690	10,690
Total Common Shares Outstanding	12,209	12,209	12,011	10,486	10,690	10,690
Working Capital	6,189	5,721	6,450	5,748	6,220	9,302
Book Value Per Share	2.24	2.20	2.05	1.87	1.73	1.68
Tangible Book Value	26,892	26,420	24,186	19,230	18,113	17,521
Tangible Book Value Per Share	2.20	2.16	2.01	1.83	1.69	1.64
Buildings	-	1,016	1,025	1,026	1,031	1,094
Machinery	-	23,478	19,617	16,150	14,844	8,689
Construction In Progress	-	5,088	4,937	3,342	2,649	379.36

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