North Electro-Optic 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	1,230	1,076	437.31	572.85	1,153	1,736
Cash & Short-Term Investments	1,230	1,076	437.31	572.85	1,153	1,736
Cash Growth	132.56%	146.09%	-23.66%	-50.32%	-33.60%	-17.91%
Accounts Receivable	1,448	1,785	1,460	1,459	1,025	831.13
Other Receivables	57.56	51.97	41.4	26.85	21.24	18.79
Receivables	1,505	1,836	1,501	1,486	1,046	849.93
Inventory	767.06	536.27	605.98	448.69	462.95	520.87
Other Current Assets	168.35	161.15	48.73	37.1	77.45	77.48
Total Current Assets	3,671	3,610	2,593	2,544	2,739	3,185
Property, Plant & Equipment	1,328	1,329	1,260	1,174	1,132	1,070
Long-Term Investments	238.5	233.07	212.82	222.07	209.25	197
Other Intangible Assets	80.02	82.29	87.15	95.69	103	94.28
Long-Term Deferred Tax Assets	18.22	18.22	14.88	14.27	27.67	32.67
Long-Term Deferred Charges	1.76	1.48	1.83	2.18	2.53	11.71
Other Long-Term Assets	113.33	32.83	25.7	42.78	48.69	32.78
Total Assets	5,450	5,306	4,195	4,096	4,263	4,623
Accounts Payable	1,389	1,483	1,332	1,331	1,393	1,499
Accrued Expenses	42.06	40.31	41.18	38.36	51.44	38.08
Short-Term Debt	-	58.23	9.14	-	-	-
Current Portion of Long-Term Debt	3.49	3.3	-	-	-	-
Current Portion of Leases	-	-	9.93	11.74	11.27	9.55
Current Income Taxes Payable	4.83	3.38	0.39	0.36	0.57	0.34
Current Unearned Revenue	255.12	3.89	284.04	51.36	212.38	511.81
Other Current Liabilities	92.88	101.43	119.73	86.08	61.82	80.41
Total Current Liabilities	1,788	1,693	1,797	1,519	1,730	2,140
Long-Term Debt	120.66	75.11	-	-	-	-
Long-Term Leases	6.64	6.6	2.31	12.76	24.36	24.33
Long-Term Unearned Revenue	78.55	79.09	47.56	3.91	10.84	11.56
Long-Term Deferred Tax Liabilities	-	-	-	-	3.23	2.28
Other Long-Term Liabilities	0.05	-	-	19.82	-	-
Total Liabilities	1,994	1,854	1,846	1,556	1,768	2,178
Common Stock	582.73	582.73	508.76	508.76	508.76	508.76
Additional Paid-In Capital	2,330	2,330	1,390	1,358	1,355	1,355
Retained Earnings	484.08	482.96	431.88	666.97	626.8	581.01
Comprehensive Income & Other	20.91	18.17	17.9	6.43	4.03	0.95
Total Common Equity	3,418	3,414	2,349	2,540	2,494	2,446
Minority Interest	38.63	38.26	-	-	-	-
Shareholders' Equity	3,457	3,452	2,349	2,540	2,494	2,446
Total Liabilities & Equity	5,450	5,306	4,195	4,096	4,263	4,623
Total Debt	130.78	143.24	21.39	24.5	35.63	33.88
Net Cash (Debt)	1,099	932.95	415.92	548.35	1,117	1,703
Net Cash Growth	154.10%	124.31%	-24.15%	-50.93%	-34.37%	-17.57%
Net Cash Per Share	1.96	1.73	0.82	1.08	2.20	3.35
Filing Date Shares Outstanding	590.33	583.18	508.76	508.76	508.76	508.76
Total Common Shares Outstanding	590.33	583.18	508.76	508.76	508.76	508.76
Working Capital	1,883	1,917	796.6	1,025	1,009	1,045
Book Value Per Share	5.79	5.85	4.62	4.99	4.90	4.81
Tangible Book Value	3,338	3,332	2,262	2,444	2,391	2,351
Tangible Book Value Per Share	5.65	5.71	4.45	4.80	4.70	4.62
Buildings	-	-	613.12	591.04	554.95	510.47
Machinery	-	-	1,012	882.31	817.9	759.45
Construction In Progress	-	-	31.46	67.76	52.71	61.91

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