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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,041	923.87	965.53	1,300	1,351	1,745
Trading Asset Securities	33.58	41.2	31.83	70.35	90.21	90.76
Cash & Short-Term Investments	1,075	965.07	997.37	1,370	1,441	1,836
Cash Growth	-5.44%	-3.24%	-27.22%	-4.91%	-21.50%	-8.78%
Accounts Receivable	348.77	432.07	538.91	293.73	130.1	186.06
Other Receivables	148.2	207.39	52.89	303.29	304.66	36.88
Receivables	496.96	639.46	591.8	597.02	434.76	222.94
Inventory	1,099	1,107	1,183	1,424	1,845	1,882
Prepaid Expenses	-	25.69	22.76	20.41	55.77	53.83
Other Current Assets	205.48	100.94	121.04	101.76	354.62	203.32
Total Current Assets	2,876	2,838	2,916	3,514	4,132	4,198
Property, Plant & Equipment	259.67	263.64	301.08	313.48	339.25	488.72
Long-Term Investments	347.28	340.56	312.07	235.56	257.24	93.99
Other Intangible Assets	9.28	9.38	9.8	10.22	13.39	77.6
Long-Term Deferred Tax Assets	27.25	19.36	35.18	17.64	116.3	152.87
Long-Term Deferred Charges	20.27	22.14	27.38	26.91	34	53.65
Other Long-Term Assets	1,012	1,007	1,613	1,431	1,521	1,045
Total Assets	4,551	4,500	5,214	5,549	6,413	6,110
Accounts Payable	301.99	301.35	445.7	445.72	630.67	710.11
Accrued Expenses	31.32	85.1	87.57	90.33	521.85	576.18
Short-Term Debt	145	144.43	149.19	440.25	563.61	407
Current Portion of Long-Term Debt	-	-	479.8	187.59	13.84	6.01
Current Income Taxes Payable	45.04	4.78	10.85	37.19	49.47	149.47
Current Unearned Revenue	135.6	109.07	113.71	183.96	343.18	296.62
Other Current Liabilities	46.81	60.68	69.56	112.78	111.63	117.7
Total Current Liabilities	705.76	705.41	1,356	1,498	2,234	2,263
Long-Term Debt	48	-	58.31	282.86	432.15	205.64
Long-Term Unearned Revenue	5.61	5.85	6.86	7.61	9.1	17.54
Long-Term Deferred Tax Liabilities	78.61	78.28	81.08	81.2	103.02	110.78
Total Liabilities	837.98	789.55	1,503	1,869	2,779	2,597
Common Stock	310.88	310.88	310.88	310.88	310.88	310.88
Additional Paid-In Capital	143.51	143.51	143.57	143.57	143.57	143.57
Retained Earnings	2,964	2,959	2,912	2,868	2,799	2,680
Comprehensive Income & Other	1.46	0.89	0.91	0.91	0.9	0.8
Total Common Equity	3,420	3,414	3,367	3,323	3,254	3,135
Minority Interest	293.63	296.97	344.55	356.36	380.16	377.58
Shareholders' Equity	3,713	3,711	3,711	3,679	3,634	3,513
Total Liabilities & Equity	4,551	4,500	5,214	5,549	6,413	6,110
Total Debt	193	144.43	687.3	910.7	1,010	618.65
Net Cash (Debt)	881.54	820.64	310.06	459.77	431.56	1,217
Net Cash Growth	102.80%	164.67%	-32.56%	6.54%	-64.54%	-20.36%
Net Cash Per Share	3.03	2.64	0.99	1.47	1.38	3.90
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	2,170	2,133	1,559	2,016	1,898	1,935
Book Value Per Share	11.00	10.98	10.83	10.69	10.47	10.08
Tangible Book Value	3,411	3,404	3,357	3,313	3,241	3,058
Tangible Book Value Per Share	10.97	10.95	10.80	10.66	10.42	9.84
Buildings	-	277.42	293.16	287.05	269.65	508.41
Machinery	-	749.98	737.61	714.54	708.07	695.44
Construction In Progress	-	2.89	1.77	2.22	0.21	0.06