Newtrend Group Holding Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	250.09	51.47	107.99	179.32
Short-Term Investments	-	0.21	0.35	0.24
Cash & Short-Term Investments	250.09	51.68	108.34	179.56
Cash Growth	39.28%	-52.30%	-39.66%	-
Accounts Receivable	302.53	224.61	118.51	102.54
Other Receivables	-	1.27	0.49	0.23
Receivables	302.53	225.88	119	102.76
Inventory	112.64	98.24	100.63	99.72
Prepaid Expenses	-	1.76	1.42	1.77
Other Current Assets	28.48	16.74	10.9	7.1
Total Current Assets	693.74	394.3	340.28	390.91
Property, Plant & Equipment	411.22	398.85	357.66	316.6
Long-Term Deferred Tax Assets	19.99	17.89	14.76	14.87
Other Long-Term Assets	0.98	1.86	0.51	4.28
Total Assets	1,126	812.91	713.21	726.66
Accounts Payable	119.4	96.29	70.22	72.88
Accrued Expenses	-	6	5.27	12.65
Short-Term Debt	-	95.65	95.65	97.4
Current Portion of Long-Term Debt	155.86	74.7	59.6	77.1
Current Portion of Leases	1.56	0.32	0.61	0.51
Current Income Taxes Payable	11.24	3.2	2.57	13.09
Current Unearned Revenue	10.96	6.59	2.58	9.11
Other Current Liabilities	53.96	42.86	36.37	31.34
Total Current Liabilities	352.98	325.61	272.86	314.07
Long-Term Debt	79.72	-	-	10
Long-Term Leases	7.2	-	0.33	0.52
Long-Term Unearned Revenue	7.64	8.18	5.09	2.38
Total Liabilities	447.53	333.79	278.28	326.97
Common Stock	96.23	85.65	85.65	85.65
Retained Earnings	-	137.56	94.15	60.62
Comprehensive Income & Other	582.16	255.92	255.13	253.42
Shareholders' Equity	678.39	479.12	434.93	399.69
Total Liabilities & Equity	1,126	812.91	713.21	726.66
Total Debt	244.33	170.67	156.19	185.53
Net Cash (Debt)	5.75	-119	-47.85	-5.97
Net Cash Per Share	0.07	-1.39	-0.56	-0.07
Filing Date Shares Outstanding	96.23	85.65	85.65	85.65
Total Common Shares Outstanding	96.23	85.65	85.65	85.65
Working Capital	340.76	68.69	67.42	76.84
Book Value Per Share	7.05	5.59	5.08	4.67
Tangible Book Value	678.39	479.12	434.93	399.69
Tangible Book Value Per Share	7.05	5.59	5.08	4.67
Land	20.09	20.11	20.14	19.49
Buildings	193.18	191.84	169.37	163.75
Machinery	386.28	381.13	344.43	295.96
Construction In Progress	87.26	71.17	51.42	32.84

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