Mesnac Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	3,245	3,617	2,956	2,749	2,000	1,702
Short-Term Investments	-	-	50.17	252.51	-	-
Trading Asset Securities	1,480	1,125	650	105.05	325.05	105.35
Cash & Short-Term Investments	4,725	4,742	3,656	3,107	2,325	1,808
Cash Growth	23.00%	29.72%	17.68%	33.62%	28.62%	-14.89%
Accounts Receivable	2,259	2,212	2,200	1,778	1,692	1,447
Other Receivables	59.4	53.14	53.17	126.42	64.63	79.89
Receivables	2,319	2,265	2,253	1,905	1,757	1,526
Inventory	8,348	6,950	5,673	4,661	3,505	2,106
Other Current Assets	803.1	502.08	286.18	350.92	513.02	454.18
Total Current Assets	16,195	14,459	11,868	10,024	8,099	5,894
Property, Plant & Equipment	2,988	2,941	2,848	2,356	1,769	1,396
Long-Term Investments	507.48	552.78	610.49	637.49	217.59	262.97
Goodwill	-	-	-	-	-	52.19
Other Intangible Assets	377.45	391.72	402.82	372.52	333.52	325.84
Long-Term Accounts Receivable	40.82	42.87	-	-	-	-
Long-Term Deferred Tax Assets	182.82	180.48	193.28	169.62	149.58	155.86
Long-Term Deferred Charges	18.03	21.73	2.61	2.59	4.39	2.26
Other Long-Term Assets	55.89	24.29	36.06	162.93	293.51	83.3
Total Assets	20,366	18,614	15,962	13,725	10,867	8,173
Accounts Payable	4,534	4,235	3,294	3,164	2,345	1,499
Accrued Expenses	141.07	261.33	245.44	154.16	118.44	71.56
Short-Term Debt	519.68	274.79	688.98	429.61	71.99	347.37
Current Portion of Long-Term Debt	517.94	166.45	100	40.07	-	-
Current Portion of Leases	-	11.45	13.08	8.22	-	-
Current Income Taxes Payable	72.36	21.64	6.27	9.07	3.8	18.61
Current Unearned Revenue	6,319	5,428	4,169	3,159	2,285	1,375
Other Current Liabilities	740.94	669.84	798.13	548.12	258.41	200.04
Total Current Liabilities	12,845	11,068	9,314	7,512	5,083	3,511
Long-Term Debt	881.83	1,171	943	963.61	941.03	73.16
Long-Term Leases	17.22	19.79	29.23	39.78	50.35	-
Long-Term Unearned Revenue	65.55	38.9	66.07	64.27	49.53	36.41
Long-Term Deferred Tax Liabilities	31.79	27.54	42.71	31.86	9.53	19.42
Other Long-Term Liabilities	29.08	27.09	23.01	20.23	12.47	10.89
Total Liabilities	13,871	12,352	10,418	8,632	6,146	3,651
Common Stock	1,020	1,019	1,012	969.51	953.59	933.99
Additional Paid-In Capital	2,412	2,389	2,271	2,024	1,879	1,845
Retained Earnings	2,728	2,578	2,135	1,827	1,624	1,482
Treasury Stock	-84.68	-90.52	-201.13	-91.44	-29.99	-42.87
Comprehensive Income & Other	53.09	43.06	70.95	82.8	26.65	49.22
Total Common Equity	6,128	5,938	5,288	4,811	4,454	4,267
Minority Interest	367.17	323.75	255.55	282.48	267.59	254.46
Shareholders' Equity	6,495	6,262	5,544	5,094	4,721	4,521
Total Liabilities & Equity	20,366	18,614	15,962	13,725	10,867	8,173
Total Debt	1,937	1,643	1,774	1,481	1,063	420.53
Net Cash (Debt)	2,789	3,099	1,882	1,625	1,262	1,387
Net Cash Growth	27.39%	64.73%	15.76%	28.84%	-9.04%	29.60%
Net Cash Per Share	2.74	3.06	1.97	1.72	1.37	1.50
Filing Date Shares Outstanding	1,020	1,019	1,012	969.51	953.59	933.99
Total Common Shares Outstanding	1,020	1,019	1,012	969.51	953.59	933.99
Working Capital	3,350	3,391	2,554	2,512	3,016	2,383
Book Value Per Share	6.01	5.82	5.22	4.96	4.67	4.57
Tangible Book Value	5,750	5,546	4,885	4,439	4,120	3,889
Tangible Book Value Per Share	5.64	5.44	4.83	4.58	4.32	4.16
Buildings	-	1,716	1,412	1,341	881.39	773.65
Machinery	-	2,508	2,040	1,902	1,420	1,326
Construction In Progress	-	54.37	580.5	91.25	352.68	128.38

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