Gaona Aero Material 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	934.34	676.08	968.85	1,043	558.61
Cash & Short-Term Investments	934.34	676.08	968.85	1,043	558.61
Cash Growth	38.20%	-30.22%	-7.15%	86.80%	58.83%
Accounts Receivable	2,725	2,444	2,316	2,219	1,702
Other Receivables	25.88	31.42	38.25	19.26	11.73
Receivables	2,751	2,475	2,354	2,239	1,714
Inventory	1,830	1,960	1,635	1,052	857.98
Prepaid Expenses	4.62	4.88	-	-	18.44
Other Current Assets	108.12	155.55	75.33	42.05	74.86
Total Current Assets	5,628	5,272	5,033	4,376	3,223
Property, Plant & Equipment	1,506	1,464	1,190	1,028	947.19
Long-Term Investments	176.23	211.83	227.98	195.18	208.49
Goodwill	320.09	320.09	320.09	320.09	320.09
Other Intangible Assets	165.26	177.58	176.34	168.6	178.08
Long-Term Deferred Tax Assets	16.35	42.32	48.46	63.51	60.2
Long-Term Deferred Charges	95.49	60.88	24	15.29	22.63
Other Long-Term Assets	43.84	45.23	200.72	125.62	114.55
Total Assets	7,951	7,594	7,220	6,292	5,075
Accounts Payable	2,184	2,121	1,940	1,455	1,048
Accrued Expenses	67.55	73.64	115.79	99.5	76.32
Short-Term Debt	94.19	361.66	255.69	230.2	9.1
Current Portion of Long-Term Debt	109.76	44.15	45.45	20.52	5.37
Current Portion of Leases	37.2	27.66	22.49	15.79	11.33
Current Income Taxes Payable	10.78	15.65	24.31	29.84	7.33
Current Unearned Revenue	299.76	293.94	298.85	132.42	80.94
Other Current Liabilities	104.45	91.17	168.28	285.05	187.54
Total Current Liabilities	2,908	3,029	2,871	2,269	1,426
Long-Term Debt	415.35	296.91	318.57	388.72	382.64
Long-Term Leases	135.42	47.9	41.33	33.03	36.68
Long-Term Unearned Revenue	33.41	32.77	43.42	54.31	68.01
Long-Term Deferred Tax Liabilities	13.97	46.72	44.5	30.13	17.7
Other Long-Term Liabilities	125.5	163.36	174.86	136.51	75.81
Total Liabilities	3,631	3,616	3,493	2,911	2,007
Common Stock	796.96	775.14	775.14	485.96	485.96
Additional Paid-In Capital	1,192	930.48	944.4	1,253	1,260
Retained Earnings	1,796	1,787	1,635	1,416	1,152
Treasury Stock	-	-	-1.61	-32.71	-53.27
Comprehensive Income & Other	2.04	2.44	3.03	2.57	2
Total Common Equity	3,787	3,495	3,356	3,125	2,846
Minority Interest	532.66	482.4	371.34	256.03	221.11
Shareholders' Equity	4,320	3,978	3,727	3,381	3,067
Total Liabilities & Equity	7,951	7,594	7,220	6,292	5,075
Total Debt	791.92	778.28	683.53	688.26	445.12
Net Cash (Debt)	142.42	-102.2	285.32	355.21	113.49
Net Cash Growth	-	-	-19.68%	212.97%	-36.30%
Net Cash Per Share	0.18	-0.13	0.37	0.46	0.15
Filing Date Shares Outstanding	796.96	775.14	775.14	777.53	777.53
Total Common Shares Outstanding	796.96	775.14	775.14	777.53	777.53
Working Capital	2,721	2,243	2,162	2,107	1,797
Book Value Per Share	4.75	4.51	4.33	4.02	3.66
Tangible Book Value	3,302	2,997	2,859	2,636	2,348
Tangible Book Value Per Share	4.14	3.87	3.69	3.39	3.02
Buildings	699.23	682.21	678.74	670.64	617.04
Machinery	1,314	1,025	887.67	678.72	572.26
Construction In Progress	82.91	327.52	104.97	107.02	102.62

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