Mesnac 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	3,423	4,362	3,617	2,956	2,749	2,000
Short-Term Investments	-	-	-	50.17	252.51	-
Trading Asset Securities	1,480	780	1,125	650	105.05	325.05
Cash & Short-Term Investments	4,903	5,142	4,742	3,656	3,107	2,325
Cash Growth	-9.06%	8.43%	29.72%	17.68%	33.62%	28.62%
Accounts Receivable	2,083	2,363	2,212	2,200	1,778	1,692
Other Receivables	56.58	62.06	53.14	53.17	126.42	64.63
Receivables	2,140	2,425	2,265	2,253	1,905	1,757
Inventory	8,281	8,143	6,950	5,673	4,661	3,505
Other Current Assets	765.59	654.05	502.08	286.18	350.92	513.02
Total Current Assets	16,089	16,364	14,459	11,868	10,024	8,099
Property, Plant & Equipment	2,999	3,028	2,941	2,848	2,356	1,769
Long-Term Investments	539.88	540.38	552.78	610.49	637.49	217.59
Other Intangible Assets	369.16	373.16	391.72	402.82	372.52	333.52
Long-Term Accounts Receivable	-	38.11	42.87	-	-	-
Long-Term Deferred Tax Assets	182.78	182.89	180.48	193.28	169.62	149.58
Long-Term Deferred Charges	26.82	23.87	21.73	2.61	2.59	4.39
Other Long-Term Assets	77.28	15.61	24.29	36.06	162.93	293.51
Total Assets	20,284	20,566	18,614	15,962	13,725	10,867
Accounts Payable	4,016	4,593	4,235	3,294	3,164	2,345
Accrued Expenses	55.49	268.38	261.33	245.44	154.16	118.44
Short-Term Debt	890.29	641.07	274.79	688.98	429.61	71.99
Current Portion of Long-Term Debt	366.7	308.52	166.45	100	40.07	-
Current Portion of Leases	-	10.57	11.45	13.08	8.22	-
Current Income Taxes Payable	58.97	23.03	21.64	6.27	9.07	3.8
Current Unearned Revenue	6,341	6,156	5,428	4,169	3,159	2,285
Other Current Liabilities	690.45	645.26	669.84	798.13	548.12	258.41
Total Current Liabilities	12,419	12,647	11,068	9,314	7,512	5,083
Long-Term Debt	988.01	1,063	1,171	943	963.61	941.03
Long-Term Leases	11.95	14.2	19.79	29.23	39.78	50.35
Long-Term Unearned Revenue	62.72	60.77	38.9	66.07	64.27	49.53
Long-Term Deferred Tax Liabilities	26.78	23.06	27.54	42.71	31.86	9.53
Other Long-Term Liabilities	27.19	27.56	27.09	23.01	20.23	12.47
Total Liabilities	13,536	13,836	12,352	10,418	8,632	6,146
Common Stock	1,024	1,024	1,019	1,012	969.51	953.59
Additional Paid-In Capital	2,434	2,433	2,389	2,271	2,024	1,879
Retained Earnings	2,858	2,828	2,578	2,135	1,827	1,624
Treasury Stock	-	-	-90.52	-201.13	-91.44	-29.99
Comprehensive Income & Other	55.23	54.62	43.06	70.95	82.8	26.65
Total Common Equity	6,371	6,339	5,938	5,288	4,811	4,454
Minority Interest	377.47	391.01	323.75	255.55	282.48	267.59
Shareholders' Equity	6,749	6,730	6,262	5,544	5,094	4,721
Total Liabilities & Equity	20,284	20,566	18,614	15,962	13,725	10,867
Total Debt	2,257	2,038	1,643	1,774	1,481	1,063
Net Cash (Debt)	2,646	3,104	3,099	1,882	1,625	1,262
Net Cash Growth	-15.02%	0.16%	64.73%	15.76%	28.84%	-9.04%
Net Cash Per Share	2.59	3.04	3.06	1.97	1.72	1.37
Filing Date Shares Outstanding	1,023	1,024	1,019	1,012	969.51	953.59
Total Common Shares Outstanding	1,023	1,024	1,019	1,012	969.51	953.59
Working Capital	3,671	3,718	3,391	2,554	2,512	3,016
Book Value Per Share	6.23	6.19	5.82	5.22	4.96	4.67
Tangible Book Value	6,002	5,966	5,546	4,885	4,439	4,120
Tangible Book Value Per Share	5.87	5.83	5.44	4.83	4.58	4.32
Buildings	-	1,812	1,716	1,412	1,341	881.39
Machinery	-	2,671	2,508	2,040	1,902	1,420
Construction In Progress	-	105.7	54.37	580.5	91.25	352.68

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