Xi'an Triangle Aviation 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	Sep '26 Sep 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	1,736	2,145	2,675	3,170	3,169	1,373
Short-Term Investments	-	100	-	-	-	-
Trading Asset Securities	981.63	474.48	499.4	-	19.72	81.36
Cash & Short-Term Investments	2,718	2,720	3,174	3,170	3,189	1,455
Cash Growth	10.32%	-14.33%	0.15%	-0.61%	119.24%	295.80%
Accounts Receivable	1,495	1,401	2,028	2,041	1,317	719.96
Other Receivables	2.87	2.88	2.9	42.33	0.67	0.52
Receivables	1,717	2,017	2,036	2,087	1,320	720.91
Inventory	980.31	1,043	943.45	1,095	1,180	1,020
Prepaid Expenses	-	29.12	36.64	0.01	0.05	0
Other Current Assets	78.58	78.43	115.09	55.54	22.91	50.41
Total Current Assets	5,494	5,887	6,305	6,408	5,712	3,246
Property, Plant & Equipment	1,847	1,899	1,875	1,193	917.33	736.14
Long-Term Investments	483.89	483.07	757.86	308.14	-	-
Other Intangible Assets	57.31	57.53	58.54	99.56	100.67	61.59
Long-Term Deferred Tax Assets	43.36	35.19	36.93	29.12	22.38	13.36
Long-Term Deferred Charges	13.53	17.58	5.03	1.15	1.39	1.7
Other Long-Term Assets	430.35	124.74	93.65	212.58	202.37	70.93
Total Assets	8,370	8,521	9,152	8,270	6,971	4,131

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	1,125	1,290	1,227	1,336	1,155	733.63
Accrued Expenses	7.37	31.32	24.65	20.18	16.89	13.27
Short-Term Debt	-	-	1,008	418.35	-	-
Current Portion of Long-Term Debt	-	-	15.52	0.22	-	-
Current Portion of Leases	990.74	6.41	3.74	-	-	-
Current Income Taxes Payable	6.38	7.22	3.17	17.62	13.6	31
Current Unearned Revenue	14.97	15.17	10.64	0.58	0.85	6.35
Other Current Liabilities	4.65	2.56	54.6	76.2	181.98	55.63
Total Current Liabilities	2,149	1,352	2,347	1,870	1,368	839.88
Long-Term Debt	-	959.93	910.35	863.72	813.4	762.05
Long-Term Leases	5.7	7.82	12.01	-	-	-
Long-Term Unearned Revenue	183.35	159.33	115.62	97.58	81.57	72.17
Long-Term Deferred Tax Liabilities	13.99	10.43	11.13	6.15	6.3	-
Other Long-Term Liabilities	0.26	0.21	0.23	0.2	0.2	0.56
Total Liabilities	2,353	2,490	3,396	2,837	2,269	1,675

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	547.55	547.55	550.24	550.24	549.29	495.52
Additional Paid-In Capital	2,457	2,450	2,494	2,496	2,466	773.66
Retained Earnings	2,834	2,861	2,581	2,301	1,609	1,029
Treasury Stock	-	-	-34.28	-72.69	-80.67	-
Comprehensive Income & Other	177.55	172.53	164.88	157.88	157.94	158.45
Shareholders' Equity	6,017	6,031	5,756	5,433	4,701	2,457
Total Liabilities & Equity	8,370	8,521	9,152	8,270	6,971	4,131

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	996.45	974.16	1,949	1,282	813.4	762.05
Net Cash (Debt)	1,721	1,745	1,225	1,887	2,376	692.55
Net Cash Growth	17.74%	42.46%	-35.08%	-20.56%	243.02%	88.44%
Net Cash Per Share	3.09	3.19	2.22	3.44	4.79	1.39
Filing Date Shares Outstanding	547.55	547.55	550.24	550.24	549.29	495.52
Total Common Shares Outstanding	547.55	547.55	550.24	550.24	549.29	495.52
Working Capital	3,344	4,534	3,958	4,538	4,344	2,406
Book Value Per Share	10.99	11.01	10.46	9.87	8.56	4.96
Tangible Book Value	5,959	5,973	5,697	5,333	4,601	2,395
Tangible Book Value Per Share	10.88	10.91	10.35	9.69	8.38	4.83
Buildings	-	661.68	250.2	239.61	215.77	181.42
Machinery	-	1,660	996.36	923.84	793.5	733.36
Construction In Progress	-	29.12	991.62	354.55	184.97	58.29