NIU Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	27.73	16.36	40.32	41.16	37.84	39.78
Short-Term Investments	19.13	36.89	12.19	8.08	6.72	0.87
Trading Asset Securities	-	-	-	0.04	0.77	-
Cash & Short-Term Investments	46.86	53.25	52.51	49.29	45.32	40.65
Cash Growth	-20.95%	1.40%	6.54%	8.75%	11.48%	20.09%
Accounts Receivable	75.15	77.94	62.8	58.22	50.27	40.67
Other Receivables	-	-	1.07	-	-	-
Receivables	75.15	77.94	63.87	58.22	50.27	40.67
Total Current Assets	122.01	131.19	116.38	107.51	95.59	81.33
Property, Plant & Equipment	15.67	11.66	9.99	13.49	5.77	5.66
Long-Term Investments	116.9	96.83	26.63	14.84	18.02	-
Long-Term Deferred Tax Assets	1.5	1.5	1.06	1.04	1.09	0.7
Other Long-Term Assets	2.24	2.24	0.93	0.93	-	0.8
Total Assets	258.32	243.42	154.98	137.81	120.48	88.49
Accounts Payable	0.42	1.17	1.5	1.44	1.65	1.5
Accrued Expenses	6.12	7.64	7.08	5.47	6.62	4.15
Current Portion of Leases	2.09	2.61	3.23	2.92	1.95	2.62
Current Income Taxes Payable	0.5	0.19	-	0.41	0.24	0.95
Current Unearned Revenue	27.5	26.73	23.56	28.87	17.42	6.42
Total Current Liabilities	36.63	38.33	35.36	39.12	27.87	15.64
Long-Term Leases	5.72	6.83	3.59	6.38	2.56	2.75
Pension & Post-Retirement Benefits	0.94	0.94	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	0.23	0.35	0.09	-
Total Liabilities	46.59	46.1	39.19	45.85	30.53	18.39
Common Stock	14.46	13.82	12.32	11.52	11.52	9.6
Additional Paid-In Capital	107.83	106.04	90.54	71.42	71.42	48.76
Retained Earnings	88.39	76.41	11.9	8.18	6.31	10.96
Comprehensive Income & Other	1.06	1.06	1.04	0.84	0.71	0.77
Shareholders' Equity	211.73	197.32	115.8	91.96	89.95	70.1
Total Liabilities & Equity	258.32	243.42	154.98	137.81	120.48	88.49
Total Debt	11.11	9.44	6.82	9.31	4.51	5.37
Net Cash (Debt)	35.74	43.81	45.69	39.98	40.81	35.28
Net Cash Growth	-33.72%	-4.13%	14.28%	-2.03%	15.68%	15.10%
Net Cash Per Share	0.26	0.32	0.39	0.35	0.37	0.37
Filing Date Shares Outstanding	144.55	144.55	138.2	115.2	115.2	96
Total Common Shares Outstanding	144.55	138.2	123.2	115.2	115.2	96
Working Capital	85.38	92.86	81.02	68.39	67.72	65.69
Book Value Per Share	1.46	1.43	0.94	0.80	0.78	0.73
Tangible Book Value	211.73	197.32	115.8	91.96	89.95	70.1
Tangible Book Value Per Share	1.46	1.43	0.94	0.80	0.78	0.73
Machinery	-	9.65	9.25	8.88	4.69	3.33
Leasehold Improvements	-	0.12	0.12	-	-	-

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