Newborn Town Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,558	2,049	1,386	596.73	724.59
Short-Term Investments	70.2	-	-	-	-
Trading Asset Securities	166.52	239.29	170.95	149.4	166.12
Cash & Short-Term Investments	2,795	2,288	1,557	746.13	890.71
Cash Growth	22.15%	46.91%	108.72%	-16.23%	46.25%
Accounts Receivable	411.49	341.9	243.16	164.88	146.81
Other Receivables	180.13	134.9	103.52	56.89	82.03
Receivables	591.61	476.8	346.68	221.77	228.84
Inventory	16.92	18.18	19.3	-	-
Other Current Assets	36.42	32.19	18.84	8.72	6.45
Total Current Assets	3,440	2,815	1,942	976.62	1,126
Property, Plant & Equipment	110.08	91.96	124.88	122.16	16.11
Long-Term Investments	126.93	66.53	60.93	214.28	29.55
Goodwill	453.8	385.51	385.51	197.29	197.29
Other Intangible Assets	230.25	211.63	260.47	185.64	226.41
Long-Term Deferred Tax Assets	0.34	0.45	0.02	0.22	0.25
Other Long-Term Assets	33.06	11.81	16.92	24.02	26.84
Total Assets	4,394	3,583	2,791	1,720	1,622
Accounts Payable	493.17	382.56	293	189.74	226.12
Accrued Expenses	-	341.6	233.53	109.57	121.96
Short-Term Debt	0.14	0.05	0.04	0.07	0.03
Current Portion of Leases	43.45	38.84	32.79	25.88	7.5
Current Income Taxes Payable	4.71	6.78	17.58	4.93	-
Current Unearned Revenue	100.32	88.19	74.82	18.09	14.88
Other Current Liabilities	753.51	640.13	44.66	0.8	356.8
Total Current Liabilities	1,395	1,498	696.41	349.07	727.3
Long-Term Leases	42.41	44.43	75.44	86.24	3.23
Long-Term Deferred Tax Liabilities	51.83	63.12	70.41	46.89	51.81
Other Long-Term Liabilities	330.25	322.4	1.1	-	-
Total Liabilities	1,820	1,928	843.36	482.21	782.33
Common Stock	0.98	0.98	0.82	0.82	0.76
Additional Paid-In Capital	1,466	1,452	669.52	669.52	387.16
Retained Earnings	1,885	967.61	487.3	-25.55	-155.68
Treasury Stock	-497.52	-266.28	-40.4	-12.72	-
Comprehensive Income & Other	-419.83	-612.89	3.71	75.75	244.57
Total Common Equity	2,434	1,541	1,121	707.82	476.8
Minority Interest	139.96	113.76	826.55	530.19	363.29
Shareholders' Equity	2,574	1,655	1,947	1,238	840.09
Total Liabilities & Equity	4,394	3,583	2,791	1,720	1,622
Total Debt	86	83.32	108.27	112.19	10.77
Net Cash (Debt)	2,709	2,205	1,449	633.94	879.94
Net Cash Growth	22.87%	52.14%	128.58%	-27.96%	45.28%
Net Cash Per Share	2.04	1.93	1.26	0.55	0.88
Filing Date Shares Outstanding	1,268	1,341	1,167	1,186	1,191
Total Common Shares Outstanding	1,268	1,341	1,167	1,186	1,099
Working Capital	2,044	1,317	1,246	627.54	398.7
Book Value Per Share	1.92	1.15	0.96	0.60	0.43
Tangible Book Value	1,750	943.98	474.97	324.9	53.1
Tangible Book Value Per Share	1.38	0.70	0.41	0.27	0.05
Machinery	-	24.06	19.32	13.98	7.95
Leasehold Improvements	-	16.81	15.33	8.1	3.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.