Mesnac Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	3,048	4,362	3,617	2,956	2,749	2,000
Short-Term Investments	-	-	-	50.17	252.51	-
Trading Asset Securities	1,430	780	1,125	650	105.05	325.05
Cash & Short-Term Investments	4,478	5,142	4,742	3,656	3,107	2,325
Cash Growth	-10.99%	8.43%	29.72%	17.68%	33.62%	28.62%
Accounts Receivable	3,085	2,363	2,212	2,200	1,778	1,692
Other Receivables	57.42	62.06	53.14	53.17	126.42	64.63
Receivables	3,142	2,425	2,265	2,253	1,905	1,757
Inventory	8,593	8,143	6,950	5,673	4,661	3,505
Other Current Assets	818.72	654.05	502.08	286.18	350.92	513.02
Total Current Assets	17,032	16,364	14,459	11,868	10,024	8,099
Property, Plant & Equipment	2,895	3,028	2,941	2,848	2,356	1,769
Long-Term Investments	537.81	540.38	552.78	610.49	637.49	217.59
Other Intangible Assets	368.65	373.16	391.72	402.82	372.52	333.52
Long-Term Accounts Receivable	35.68	38.11	42.87	-	-	-
Long-Term Deferred Tax Assets	188.62	182.89	180.48	193.28	169.62	149.58
Long-Term Deferred Charges	25.25	23.87	21.73	2.61	2.59	4.39
Other Long-Term Assets	69.58	15.61	24.29	36.06	162.93	293.51
Total Assets	21,152	20,566	18,614	15,962	13,725	10,867

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	4,637	4,593	4,235	3,294	3,164	2,345
Accrued Expenses	219.81	268.38	261.33	245.44	154.16	118.44
Short-Term Debt	506.01	641.07	274.79	688.98	429.61	71.99
Current Portion of Long-Term Debt	77.74	308.52	166.45	100	40.07	-
Current Portion of Leases	11.28	10.57	11.45	13.08	8.22	-
Current Income Taxes Payable	16.2	23.03	21.64	6.27	9.07	3.8
Current Unearned Revenue	6,997	6,156	5,428	4,169	3,159	2,285
Other Current Liabilities	650.85	645.26	669.84	798.13	548.12	258.41
Total Current Liabilities	13,116	12,647	11,068	9,314	7,512	5,083
Long-Term Debt	1,057	1,063	1,171	943	963.61	941.03
Long-Term Leases	9.34	14.2	19.79	29.23	39.78	50.35
Long-Term Unearned Revenue	61.05	60.77	38.9	66.07	64.27	49.53
Long-Term Deferred Tax Liabilities	23.22	23.06	27.54	42.71	31.86	9.53
Other Long-Term Liabilities	28.17	27.56	27.09	23.01	20.23	12.47
Total Liabilities	14,295	13,836	12,352	10,418	8,632	6,146

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	2,943	2,828	2,578	2,135	1,827	1,624
Treasury Stock	-	-	-90.52	-201.13	-91.44	-29.99
Comprehensive Income & Other	55.42	54.62	43.06	70.95	82.8	26.65
Total Common Equity	6,458	6,339	5,938	5,288	4,811	4,454
Minority Interest	400.11	391.01	323.75	255.55	282.48	267.59
Shareholders' Equity	6,858	6,730	6,262	5,544	5,094	4,721
Total Liabilities & Equity	21,152	20,566	18,614	15,962	13,725	10,867

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,661	2,038	1,643	1,774	1,481	1,063
Net Cash (Debt)	2,817	3,104	3,099	1,882	1,625	1,262
Net Cash Growth	-9.59%	0.16%	64.73%	15.76%	28.84%	-9.04%
Net Cash Per Share	2.75	3.04	3.06	1.97	1.72	1.37
Filing Date Shares Outstanding	1,024	1,024	1,019	1,012	969.51	953.59
Total Common Shares Outstanding	1,024	1,024	1,019	1,012	969.51	953.59
Working Capital	3,916	3,718	3,391	2,554	2,512	3,016
Book Value Per Share	6.30	6.19	5.82	5.22	4.96	4.67
Tangible Book Value	6,089	5,966	5,546	4,885	4,439	4,120
Tangible Book Value Per Share	5.94	5.83	5.44	4.83	4.58	4.32
Buildings	1,822	1,812	1,716	1,412	1,341	881.39
Machinery	2,661	2,671	2,508	2,040	1,902	1,420
Construction In Progress	97.39	105.7	54.37	580.5	91.25	352.68