Mesnac Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,362	3,617	2,956	2,749	2,000
Short-Term Investments	-	-	50.17	252.51	-
Trading Asset Securities	780	1,125	650	105.05	325.05
Cash & Short-Term Investments	5,142	4,742	3,656	3,107	2,325
Cash Growth	8.43%	29.72%	17.68%	33.62%	28.62%
Accounts Receivable	2,363	2,212	2,200	1,778	1,692
Other Receivables	62.06	53.14	53.17	126.42	64.63
Receivables	2,425	2,265	2,253	1,905	1,757
Inventory	8,143	6,950	5,673	4,661	3,505
Other Current Assets	654.05	502.08	286.18	350.92	513.02
Total Current Assets	16,364	14,459	11,868	10,024	8,099
Property, Plant & Equipment	3,028	2,941	2,848	2,356	1,769
Long-Term Investments	540.38	552.78	610.49	637.49	217.59
Other Intangible Assets	373.16	391.72	402.82	372.52	333.52
Long-Term Accounts Receivable	38.11	42.87	-	-	-
Long-Term Deferred Tax Assets	182.89	180.48	193.28	169.62	149.58
Long-Term Deferred Charges	23.87	21.73	2.61	2.59	4.39
Other Long-Term Assets	15.61	24.29	36.06	162.93	293.51
Total Assets	20,566	18,614	15,962	13,725	10,867
Accounts Payable	4,593	4,235	3,294	3,164	2,345
Accrued Expenses	268.38	261.33	245.44	154.16	118.44
Short-Term Debt	641.07	274.79	688.98	429.61	71.99
Current Portion of Long-Term Debt	308.52	166.45	100	40.07	-
Current Portion of Leases	10.57	11.45	13.08	8.22	-
Current Income Taxes Payable	23.03	21.64	6.27	9.07	3.8
Current Unearned Revenue	6,156	5,428	4,169	3,159	2,285
Other Current Liabilities	645.26	669.84	798.13	548.12	258.41
Total Current Liabilities	12,647	11,068	9,314	7,512	5,083
Long-Term Debt	1,063	1,171	943	963.61	941.03
Long-Term Leases	14.2	19.79	29.23	39.78	50.35
Long-Term Unearned Revenue	60.77	38.9	66.07	64.27	49.53
Long-Term Deferred Tax Liabilities	23.06	27.54	42.71	31.86	9.53
Other Long-Term Liabilities	27.56	27.09	23.01	20.23	12.47
Total Liabilities	13,836	12,352	10,418	8,632	6,146
Common Stock	1,024	1,019	1,012	969.51	953.59
Additional Paid-In Capital	2,433	2,389	2,271	2,024	1,879
Retained Earnings	2,828	2,578	2,135	1,827	1,624
Treasury Stock	-	-90.52	-201.13	-91.44	-29.99
Comprehensive Income & Other	54.62	43.06	70.95	82.8	26.65
Total Common Equity	6,339	5,938	5,288	4,811	4,454
Minority Interest	391.01	323.75	255.55	282.48	267.59
Shareholders' Equity	6,730	6,262	5,544	5,094	4,721
Total Liabilities & Equity	20,566	18,614	15,962	13,725	10,867
Total Debt	2,038	1,643	1,774	1,481	1,063
Net Cash (Debt)	3,104	3,099	1,882	1,625	1,262
Net Cash Growth	0.16%	64.73%	15.76%	28.84%	-9.04%
Net Cash Per Share	3.04	3.06	1.97	1.72	1.37
Filing Date Shares Outstanding	1,024	1,019	1,012	969.51	953.59
Total Common Shares Outstanding	1,024	1,019	1,012	969.51	953.59
Working Capital	3,718	3,391	2,554	2,512	3,016
Book Value Per Share	6.19	5.82	5.22	4.96	4.67
Tangible Book Value	5,966	5,546	4,885	4,439	4,120
Tangible Book Value Per Share	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.