Gaona Aero Material 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	763.57	934.34	676.08	968.85	1,043	558.61
Cash & Short-Term Investments	763.57	934.34	676.08	968.85	1,043	558.61
Cash Growth	8.42%	38.20%	-30.22%	-7.15%	86.80%	58.83%
Accounts Receivable	2,889	2,725	2,444	2,316	2,219	1,702
Other Receivables	29.23	25.88	31.42	38.25	19.26	11.73
Receivables	2,918	2,751	2,475	2,354	2,239	1,714
Inventory	1,802	1,830	1,960	1,635	1,052	857.98
Prepaid Expenses	-	4.62	4.88	-	-	18.44
Other Current Assets	135.75	108.12	155.55	75.33	42.05	74.86
Total Current Assets	5,619	5,628	5,272	5,033	4,376	3,223
Property, Plant & Equipment	1,477	1,506	1,464	1,190	1,028	947.19
Long-Term Investments	171.79	176.23	211.83	227.98	195.18	208.49
Goodwill	320.09	320.09	320.09	320.09	320.09	320.09
Other Intangible Assets	164.72	165.26	177.58	176.34	168.6	178.08
Long-Term Deferred Tax Assets	16.12	16.35	42.32	48.46	63.51	60.2
Long-Term Deferred Charges	91.67	95.49	60.88	24	15.29	22.63
Other Long-Term Assets	53.88	43.84	45.23	200.72	125.62	114.55
Total Assets	7,915	7,951	7,594	7,220	6,292	5,075
Accounts Payable	2,212	2,184	2,121	1,940	1,455	1,048
Accrued Expenses	25.09	67.55	73.64	115.79	99.5	76.32
Short-Term Debt	88.13	94.19	361.66	255.69	230.2	9.1
Current Portion of Long-Term Debt	112.17	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	33.54	10.78	15.65	24.31	29.84	7.33
Current Unearned Revenue	200.11	299.76	293.94	298.85	132.42	80.94
Other Current Liabilities	59.24	104.45	91.17	168.28	285.05	187.54
Total Current Liabilities	2,730	2,908	3,029	2,871	2,269	1,426
Long-Term Debt	438.64	415.35	296.91	318.57	388.72	382.64
Long-Term Leases	147.44	135.42	47.9	41.33	33.03	36.68
Long-Term Unearned Revenue	36.08	33.41	32.77	43.42	54.31	68.01
Long-Term Deferred Tax Liabilities	13.77	13.97	46.72	44.5	30.13	17.7
Other Long-Term Liabilities	122.59	125.5	163.36	174.86	136.51	75.81
Total Liabilities	3,489	3,631	3,616	3,493	2,911	2,007
Common Stock	796.96	796.96	775.14	775.14	485.96	485.96
Additional Paid-In Capital	1,192	1,192	930.48	944.4	1,253	1,260
Retained Earnings	1,864	1,796	1,787	1,635	1,416	1,152
Treasury Stock	-	-	-	-1.61	-32.71	-53.27
Comprehensive Income & Other	2.27	2.04	2.44	3.03	2.57	2
Total Common Equity	3,855	3,787	3,495	3,356	3,125	2,846
Minority Interest	571.08	532.66	482.4	371.34	256.03	221.11
Shareholders' Equity	4,426	4,320	3,978	3,727	3,381	3,067
Total Liabilities & Equity	7,915	7,951	7,594	7,220	6,292	5,075
Total Debt	786.38	791.92	778.28	683.53	688.26	445.12
Net Cash (Debt)	-22.81	142.42	-102.2	285.32	355.21	113.49
Net Cash Growth	-	-	-	-19.68%	212.97%	-36.30%
Net Cash Per Share	-0.03	0.18	-0.13	0.37	0.46	0.15
Filing Date Shares Outstanding	796.96	796.96	775.14	775.14	777.53	777.53
Total Common Shares Outstanding	796.96	796.96	775.14	775.14	777.53	777.53
Working Capital	2,889	2,721	2,243	2,162	2,107	1,797
Book Value Per Share	4.84	4.75	4.51	4.33	4.02	3.66
Tangible Book Value	3,370	3,302	2,997	2,859	2,636	2,348
Tangible Book Value Per Share	4.23	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.