Avary Holding(Shenzhen) 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	13,731	12,032	13,497	10,912	8,207	3,171
Cash & Short-Term Investments	13,731	12,032	13,497	10,912	8,207	3,171
Cash Growth	-7.55%	-10.85%	23.69%	32.97%	158.78%	-44.08%
Accounts Receivable	3,871	6,217	5,839	6,209	6,274	7,970
Other Receivables	222.98	292.81	264.54	15.73	14.54	187.02
Receivables	4,094	6,510	6,103	6,225	6,289	8,157
Inventory	4,412	3,807	3,356	3,054	3,440	3,695
Other Current Assets	720.75	784.72	678.93	532.33	557.26	913.28
Total Current Assets	22,957	23,133	23,635	20,723	18,493	15,937
Property, Plant & Equipment	22,212	20,512	17,208	17,666	17,319	16,725
Long-Term Investments	2,545	2,414	1,654	1,677	488.66	319.21
Goodwill	78.56	78.56	20.41	20.41	20.41	20.41
Other Intangible Assets	1,558	1,516	1,198	1,271	1,279	1,721
Long-Term Deferred Tax Assets	136.29	132.14	139.52	162.21	189.09	123.31
Long-Term Deferred Charges	2.35	2.97	1.95	6.12	6.65	7.83
Other Long-Term Assets	1,113	1,061	686	751.99	1,008	687.74
Total Assets	50,602	48,850	44,543	42,278	38,803	35,541
Accounts Payable	4,967	5,662	5,079	4,848	3,984	4,686
Accrued Expenses	791.23	1,191	1,201	1,323	1,258	1,149
Short-Term Debt	5,419	3,925	3,257	3,961	2,964	3,490
Current Portion of Long-Term Debt	-	-	-	177.08	-	-
Current Portion of Leases	11.31	13.92	17.39	12.3	23.05	32.72
Current Income Taxes Payable	145.24	156.46	242.2	216.05	374.71	199.37
Current Unearned Revenue	42.07	32.41	59.83	50.79	40.02	23.47
Other Current Liabilities	1,969	1,650	1,348	1,251	1,357	1,363
Total Current Liabilities	13,345	12,631	11,204	11,840	10,001	10,943
Long-Term Debt	892.98	375.72	179.71	-	175.72	159.29
Long-Term Leases	59.5	60.03	72.93	81.86	76.94	89.71
Long-Term Unearned Revenue	380.36	390.48	359.28	245.57	241.78	138.64
Long-Term Deferred Tax Liabilities	585.96	560.98	405.2	435.77	370.59	397.36
Other Long-Term Liabilities	98.17	80.83	-	-	-	-
Total Liabilities	15,362	14,099	12,221	12,603	10,866	11,728
Common Stock	2,318	2,318	2,319	2,320	2,321	2,321
Additional Paid-In Capital	12,780	12,773	12,705	12,702	12,697	12,619
Retained Earnings	19,111	18,585	17,119	14,653	12,991	9,140
Treasury Stock	-171.23	-171.23	-257.45	-288.31	-128.13	-165.14
Comprehensive Income & Other	612.51	631.67	224.36	262.73	56.29	-101.81
Total Common Equity	34,650	34,137	32,110	29,651	27,937	23,813
Minority Interest	590.09	613.38	211.67	24.72	-	-
Shareholders' Equity	35,240	34,750	32,322	29,675	27,937	23,813
Total Liabilities & Equity	50,602	48,850	44,543	42,278	38,803	35,541
Total Debt	6,383	4,375	3,527	4,233	3,240	3,772
Net Cash (Debt)	7,348	7,657	9,970	6,679	4,967	-600.82
Net Cash Growth	-33.59%	-23.20%	49.26%	34.49%	-	-
Net Cash Per Share	3.17	3.30	4.30	2.89	2.14	-0.26
Filing Date Shares Outstanding	2,314	2,342	2,396	2,311	2,314	2,312
Total Common Shares Outstanding	2,314	2,342	2,396	2,311	2,314	2,312
Working Capital	9,612	10,502	12,431	8,884	8,492	4,993
Book Value Per Share	14.98	14.58	13.40	12.83	12.07	10.30
Tangible Book Value	33,014	32,543	30,892	28,359	26,638	22,071
Tangible Book Value Per Share	14.27	13.90	12.89	12.27	11.51	9.55
Land	-	210.44	200.17	195.57	9.63	9.63
Buildings	-	10,735	9,661	8,256	6,867	5,351
Machinery	-	27,614	24,268	22,809	22,235	20,959
Construction In Progress	-	2,947	1,382	2,310	1,837	1,621

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