Ningbo United Group 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	Sep '25 Sep 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	909.46	965.53	1,300	1,351	1,745	1,842
Trading Asset Securities	43.01	31.83	70.35	90.21	90.76	170.3
Cash & Short-Term Investments	952.48	997.37	1,370	1,441	1,836	2,012
Cash Growth	-9.50%	-27.22%	-4.91%	-21.50%	-8.78%	-10.61%
Accounts Receivable	424.19	538.91	293.73	130.1	186.06	204.13
Other Receivables	30.32	52.89	303.29	304.66	36.88	57.36
Receivables	454.51	591.8	597.02	434.76	222.94	261.49
Inventory	1,303	1,183	1,424	1,845	1,882	2,681
Prepaid Expenses	-	22.76	20.41	55.77	53.83	69
Other Current Assets	239.23	121.04	101.76	354.62	203.32	257.32
Total Current Assets	2,949	2,916	3,514	4,132	4,198	5,281
Property, Plant & Equipment	266.11	301.08	313.48	339.25	488.72	577.48
Long-Term Investments	386.45	312.07	235.56	257.24	93.99	107.86
Other Intangible Assets	9.49	9.8	10.22	13.39	77.6	82.44
Long-Term Deferred Tax Assets	37.69	35.18	17.64	116.3	152.87	132.2
Long-Term Deferred Charges	24.14	27.38	26.91	34	53.65	83.23
Other Long-Term Assets	1,199	1,613	1,431	1,521	1,045	782.38
Total Assets	4,871	5,214	5,549	6,413	6,110	7,047
Accounts Payable	549.86	452.04	445.72	630.67	710.11	643.38
Accrued Expenses	26.81	87.57	90.33	521.85	576.18	603.28
Short-Term Debt	145	347.41	440.25	563.61	407	472.21
Current Portion of Long-Term Debt	-	281.58	187.59	13.84	6.01	2.02
Current Income Taxes Payable	53.44	10.85	37.19	49.47	149.47	78.21
Current Unearned Revenue	229.86	113.71	183.96	343.18	296.62	1,746
Other Current Liabilities	62.01	63.22	112.78	111.63	117.7	82.14
Total Current Liabilities	1,067	1,356	1,498	2,234	2,263	3,627
Long-Term Debt	-	58.31	282.86	432.15	205.64	9.93
Long-Term Unearned Revenue	6.11	6.86	7.61	9.1	17.54	20.68
Long-Term Deferred Tax Liabilities	80.01	81.08	81.2	103.02	110.78	135.31
Total Liabilities	1,153	1,503	1,869	2,779	2,597	3,793
Common Stock	310.88	310.88	310.88	310.88	310.88	310.88
Additional Paid-In Capital	143.57	143.57	143.57	143.57	143.57	143.57
Retained Earnings	2,941	2,912	2,868	2,799	2,680	2,493
Comprehensive Income & Other	1.88	0.91	0.91	0.9	0.8	2.23
Total Common Equity	3,398	3,367	3,323	3,254	3,135	2,949
Minority Interest	320.65	344.55	356.36	380.16	377.58	305.05
Shareholders' Equity	3,718	3,711	3,679	3,634	3,513	3,254
Total Liabilities & Equity	4,871	5,214	5,549	6,413	6,110	7,047
Total Debt	145	687.3	910.7	1,010	618.65	484.16
Net Cash (Debt)	807.48	310.06	459.77	431.56	1,217	1,528
Net Cash Growth	31.20%	-32.56%	6.54%	-64.54%	-20.36%	1.43%
Net Cash Per Share	2.60	1.00	1.47	1.38	3.90	4.93
Filing Date Shares Outstanding	310.88	310.88	310.88	310.88	310.88	310.88
Total Common Shares Outstanding	310.88	310.88	310.88	310.88	310.88	310.88
Working Capital	1,882	1,559	2,016	1,898	1,935	1,655
Book Value Per Share	10.93	10.83	10.69	10.47	10.08	9.49
Tangible Book Value	3,388	3,357	3,313	3,241	3,058	2,867
Tangible Book Value Per Share	10.90	10.80	10.66	10.42	9.84	9.22
Buildings	-	293.16	287.05	269.65	508.41	595.57
Machinery	-	737.61	714.54	708.07	695.44	703.08
Construction In Progress	-	1.77	2.22	0.21	0.06	4.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.