Ningbo Bird 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	328.19	466.2	477.73	573.79	562.15	383.53
Trading Asset Securities	322.82	257.67	284.9	253.83	182.79	190.49
Cash & Short-Term Investments	651.01	723.87	762.63	827.61	744.94	574.02
Cash Growth	-13.02%	-5.08%	-7.85%	11.10%	29.78%	16.01%
Accounts Receivable	141.44	154.97	123.74	79.05	138.33	183.85
Other Receivables	1.64	10.8	4.08	0.55	1.96	3.76
Receivables	143.08	165.76	127.82	79.6	140.29	187.62
Inventory	115.79	73.1	53.99	36.39	35.55	60.8
Other Current Assets	29.85	16.99	11.68	10.38	17.84	136.55
Total Current Assets	939.73	979.72	956.13	953.98	938.62	958.99
Property, Plant & Equipment	52.63	52.4	55.3	57.19	56.24	62.25
Long-Term Investments	54.67	53.76	51.32	65.15	71.22	67.13
Goodwill	12.37	12.37	12.37	-	-	-
Other Intangible Assets	12.99	13.37	14.86	9.91	10.31	10.94
Long-Term Deferred Charges	0.35	0.43	0.73	-	-	-
Other Long-Term Assets	98.72	100.85	107.5	114.98	124.83	133.88
Total Assets	1,171	1,213	1,198	1,201	1,201	1,233
Accounts Payable	148.15	127.37	117.14	88.25	97.92	145.03
Accrued Expenses	10.45	21.38	16.01	16.81	22.24	23.25
Short-Term Debt	-	-	3	0.79	1.5	15.02
Current Portion of Leases	-	0.86	1.76	0.9	-	-
Current Income Taxes Payable	-	0	-	1.07	4.13	1.44
Current Unearned Revenue	6.75	11.55	14.79	9.17	9.81	11.44
Other Current Liabilities	25.51	17.92	13.12	11.41	10.96	11.18
Total Current Liabilities	190.85	179.08	165.83	128.39	146.56	207.36
Long-Term Leases	-	-	1.09	1.83	-	-
Long-Term Unearned Revenue	3.27	3.4	3.78	4.86	5.75	4.92
Other Long-Term Liabilities	-	-	-	0.7	0.78	0.81
Total Liabilities	194.13	182.49	170.69	135.79	153.09	213.09
Common Stock	750	750	750	768	768	768
Additional Paid-In Capital	418.43	418.43	418.43	455.92	455.92	455.92
Retained Earnings	-202.91	-205.46	-210.71	-215.83	-229.78	-248.01
Treasury Stock	-60.99	-5.94	-	-	-	-
Comprehensive Income & Other	4.8	4.72	4.63	4.72	4.77	5.09
Total Common Equity	909.32	961.74	962.35	1,013	998.92	981.01
Minority Interest	68.03	68.68	65.18	52.62	49.21	39.1
Shareholders' Equity	977.35	1,030	1,028	1,065	1,048	1,020
Total Liabilities & Equity	1,171	1,213	1,198	1,201	1,201	1,233
Total Debt	-	0.86	5.85	3.52	1.5	15.02
Net Cash (Debt)	651.01	723.01	756.78	824.09	743.44	559
Net Cash Growth	-12.24%	-4.46%	-8.17%	10.85%	32.99%	18.49%
Net Cash Per Share	0.82	0.96	1.48	1.18	0.82	0.78
Filing Date Shares Outstanding	852.28	750	750	768	768	768
Total Common Shares Outstanding	852.28	750	750	768	768	768
Working Capital	748.88	800.64	790.3	825.59	792.05	751.63
Book Value Per Share	1.07	1.28	1.28	1.32	1.30	1.28
Tangible Book Value	883.96	936	935.11	1,003	988.61	970.07
Tangible Book Value Per Share	1.04	1.25	1.25	1.31	1.29	1.26
Buildings	-	108.85	108.85	108.85	107.49	107.49
Machinery	-	201.38	195.35	186.92	186.13	186.15
Construction In Progress	-	-	-	-	0.1	0.01

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