Newlink Technology 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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	279.51	348.24	330.46	414.25	524.26	69.13
Short-Term Investments	-	-	-	-	-	1.67
Trading Asset Securities	15.37	28.16	-	-	-	-
Cash & Short-Term Investments	294.88	376.4	330.46	414.25	524.26	70.8
Cash Growth	-10.98%	13.90%	-20.23%	-20.98%	640.49%	18.24%
Accounts Receivable	309.68	274.41	349.72	336.52	244.89	147.76
Receivables	309.68	274.41	349.72	336.52	244.89	147.76
Inventory	0.19	1.83	2.17	2.25	-	-
Prepaid Expenses	-	-	6.3	1.63	3.17	-
Other Current Assets	14.5	15.75	4.27	5.07	27.82	6.94
Total Current Assets	620.68	668.39	692.91	759.72	800.14	225.49
Property, Plant & Equipment	26.63	27.44	46.27	22.68	10.77	11.58
Long-Term Investments	22.34	29.81	34.4	32.13	6.3	-
Goodwill	36.72	36.72	36.72	36.72	-	-
Other Intangible Assets	89.3	100.17	122.36	130.05	52.16	18.2
Long-Term Accounts Receivable	0.68	0.68	1.01	3.85	1.04	1.4
Long-Term Deferred Tax Assets	0.51	0.51	0.69	4.28	1.33	0.33
Other Long-Term Assets	19.05	19.11	13.32	1.78	1.6	1.48
Total Assets	815.91	882.82	947.69	991.2	873.34	258.48
Accounts Payable	81.41	60.86	71.74	23.67	11.65	6.27
Accrued Expenses	6.78	11.04	7.23	6.54	1.7	10.93
Short-Term Debt	10	20	8.01	19	5	15
Current Portion of Leases	4.62	3.51	5.59	2.59	3.37	2.64
Current Income Taxes Payable	-	0	-	5.3	5.21	4.92
Current Unearned Revenue	14.74	15.66	14.41	9.98	0.62	1.37
Other Current Liabilities	19.47	22.8	3.28	2.72	4.34	11.94
Total Current Liabilities	137.02	133.86	110.25	69.78	31.89	53.06
Long-Term Leases	8	9.03	23.78	13.43	2.18	6.05
Long-Term Deferred Tax Liabilities	0.62	0.49	3.75	3.58	-	-
Other Long-Term Liabilities	-	-	21	21.81	-	-
Total Liabilities	145.63	143.38	158.78	108.59	34.07	59.11
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	-	749.74	710.08	710.08	710.08	75.46
Retained Earnings	-	-64.76	27.71	125.95	108.47	95.42
Treasury Stock	-	-2.32	-	-	-	-
Comprehensive Income & Other	670.36	56.6	49.18	44.11	19.21	26.98
Total Common Equity	670.37	739.27	786.97	880.15	837.76	197.87
Minority Interest	-0.09	0.17	1.93	2.46	1.51	1.51
Shareholders' Equity	670.28	739.44	788.9	882.61	839.27	199.37
Total Liabilities & Equity	815.91	882.82	947.69	991.2	873.34	258.48
Total Debt	22.62	32.54	37.38	35.01	10.55	23.68
Net Cash (Debt)	272.26	343.86	293.08	379.24	513.71	47.12
Net Cash Growth	-4.46%	17.33%	-22.72%	-26.18%	990.33%	348.20%
Net Cash Per Share	0.29	0.39	0.37	0.48	0.65	0.08
Filing Date Shares Outstanding	937.86	937.86	786.51	786.51	786.51	600
Total Common Shares Outstanding	937.86	937.86	786.51	786.51	786.51	600
Working Capital	483.66	534.53	582.66	689.94	768.26	172.43
Book Value Per Share	0.71	0.79	1.00	1.12	1.07	0.33
Tangible Book Value	544.35	602.38	627.89	713.38	785.61	179.67
Tangible Book Value Per Share	0.58	0.64	0.80	0.91	1.00	0.30
Buildings	-	12.22	12.38	-	-	-
Machinery	-	8.7	8.41	7.52	4.11	2.04
Leasehold Improvements	-	6.6	6.22	5.52	5.32	4.39

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