Chengdu Hongqi Chain 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	2,744	2,931	2,505	1,737	2,076	1,241
Trading Asset Securities	-	-	-	401.19	210.24	300
Cash & Short-Term Investments	2,744	2,931	2,505	2,138	2,286	1,541
Cash Growth	18.10%	17.03%	17.16%	-6.49%	48.36%	-23.23%
Accounts Receivable	126.01	118.81	120.5	90.95	65.32	64.95
Other Receivables	80.26	88	86.96	91.69	84.22	83.44
Receivables	206.27	206.81	207.46	182.64	149.55	148.39
Inventory	2,122	1,870	2,052	2,038	1,909	1,664
Other Current Assets	190.45	142.1	139.1	168.72	163.85	175.59
Total Current Assets	5,263	5,150	4,903	4,527	4,509	3,529
Property, Plant & Equipment	1,700	1,744	2,031	2,249	2,461	2,834
Long-Term Investments	1,354	1,314	1,193	1,131	983.77	887.06
Other Intangible Assets	68.29	71.47	95.49	130.22	166.74	206.48
Long-Term Deferred Tax Assets	14.16	14.16	40.15	42.04	36.42	22.83
Long-Term Deferred Charges	8.98	11.31	21.92	30.55	35.48	45.41
Total Assets	8,408	8,305	8,285	8,110	8,192	7,525
Accounts Payable	1,424	1,471	1,471	1,562	1,551	1,309
Accrued Expenses	57.24	120.36	102.52	134.41	192.65	117.19
Current Portion of Leases	-	394.48	447.68	496.08	527.8	558.37
Current Income Taxes Payable	48.65	20.75	33.73	40.11	37.36	35.66
Current Unearned Revenue	1,082	1,046	1,129	1,052	867.57	746.99
Other Current Liabilities	178.26	156.77	170.93	173.67	169.42	149.42
Total Current Liabilities	3,177	3,210	3,355	3,458	3,345	2,917
Long-Term Leases	269.28	275.79	434.67	507.77	662.52	889.52
Long-Term Unearned Revenue	31.31	31.31	32.2	33.1	34	34.89
Total Liabilities	3,478	3,517	3,821	3,999	4,042	3,842
Common Stock	1,360	1,360	1,360	1,360	1,360	1,360
Additional Paid-In Capital	43.74	43.74	43.74	43.74	43.74	43.74
Retained Earnings	3,526	3,384	3,059	2,707	2,747	2,280
Total Common Equity	4,930	4,787	4,463	4,111	4,151	3,684
Minority Interest	0.66	0.66	0.63	0.67	-	-
Shareholders' Equity	4,930	4,788	4,464	4,111	4,151	3,684
Total Liabilities & Equity	8,408	8,305	8,285	8,110	8,192	7,525
Total Debt	656.82	670.27	882.35	1,004	1,190	1,448
Net Cash (Debt)	2,087	2,261	1,622	1,134	1,096	93.21
Net Cash Growth	39.06%	39.37%	43.05%	3.48%	1075.85%	-93.81%
Net Cash Per Share	1.49	1.65	1.18	0.83	0.81	0.07
Filing Date Shares Outstanding	1,360	1,360	1,360	1,360	1,360	1,360
Total Common Shares Outstanding	1,360	1,360	1,360	1,360	1,360	1,360
Working Capital	2,086	1,940	1,549	1,069	1,164	612.36
Book Value Per Share	3.62	3.52	3.28	3.02	3.05	2.71
Tangible Book Value	4,862	4,716	4,368	3,980	3,984	3,477
Tangible Book Value Per Share	3.57	3.47	3.21	2.93	2.93	2.56
Buildings	-	1,304	1,300	1,300	1,313	1,307
Machinery	-	616.07	619.34	613.45	587.53	575.69

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