NARI Technology 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	5,604	7,323	9,010	16,750	14,744	12,509
Trading Asset Securities	15,403	17,170	15,746	5,600	1,747	1,339
Cash & Short-Term Investments	21,007	24,494	24,756	22,350	16,491	13,848
Cash Growth	-11.30%	-1.06%	10.76%	35.53%	19.08%	1.51%
Accounts Receivable	31,066	36,083	34,960	31,047	27,958	25,860
Other Receivables	237.02	178.28	1,520	2,103	1,670	1,431
Receivables	31,303	36,261	36,480	33,150	29,628	27,291
Inventory	16,591	13,058	11,312	9,804	8,294	7,868
Other Current Assets	8,664	8,117	2,752	2,118	1,775	2,707
Total Current Assets	77,564	81,930	75,300	67,422	56,188	51,713
Property, Plant & Equipment	8,861	8,797	9,389	10,492	11,698	12,542
Long-Term Investments	83.35	83.23	98	94.07	199.14	173.75
Goodwill	1.44	1.44	1.44	1.44	1.44	1.44
Other Intangible Assets	1,773	1,818	2,115	2,001	1,818	1,583
Long-Term Accounts Receivable	-	-	3,245	4,673	5,152	-
Long-Term Deferred Tax Assets	1,302	1,318	1,309	1,270	1,273	1,159
Long-Term Deferred Charges	466.13	455.44	64.93	73.49	52.4	54.48
Other Long-Term Assets	5,812	4,183	1,183	192.49	320.1	5,506
Total Assets	95,863	98,586	92,705	86,220	76,701	72,733
Accounts Payable	26,292	29,736	28,860	26,694	22,891	23,002
Accrued Expenses	211.01	159.05	881.9	614.85	643.23	457.62
Short-Term Debt	520.84	520.84	485.23	385.46	196.33	1,099
Current Portion of Long-Term Debt	67.19	36.41	95.07	0.01	1,015	15.72
Current Portion of Leases	-	-	77.81	147.81	103.84	50.53
Current Income Taxes Payable	298.74	1,096	422.52	395.15	356.98	355.96
Current Unearned Revenue	8,635	7,807	6,437	5,005	3,775	4,405
Other Current Liabilities	1,687	1,990	2,013	1,933	1,715	1,095
Total Current Liabilities	37,711	41,345	39,273	35,175	30,696	30,481
Long-Term Debt	7	21.1	21.1	29.1	2.41	1,203
Long-Term Leases	52.03	9.02	13.17	49.45	119.1	23.88
Long-Term Unearned Revenue	353.65	345.65	318.41	238.24	241.54	238.68
Long-Term Deferred Tax Liabilities	76.55	73.63	90.1	104.63	123.01	90.14
Other Long-Term Liabilities	331.73	332.18	254.14	157.63	160.46	154.36
Total Liabilities	38,532	42,126	39,969	35,754	31,343	32,191
Common Stock	8,032	8,032	8,033	8,033	6,695	5,545
Additional Paid-In Capital	7,919	7,908	7,879	7,755	8,953	9,210
Retained Earnings	38,845	38,124	34,469	32,268	27,700	23,515
Treasury Stock	-1,299	-1,410	-1,141	-852.31	-836.61	-223.67
Comprehensive Income & Other	-3.85	-6.25	-15.15	-13	-45.23	-49.59
Total Common Equity	53,493	52,646	49,224	47,190	42,466	37,997
Minority Interest	3,838	3,813	3,511	3,276	2,892	2,546
Shareholders' Equity	57,331	56,459	52,736	50,466	45,358	40,542
Total Liabilities & Equity	95,863	98,586	92,705	86,220	76,701	72,733
Total Debt	647.06	587.37	692.38	611.83	1,437	2,391
Net Cash (Debt)	20,360	23,906	24,064	21,739	15,054	11,457
Net Cash Growth	-11.21%	-0.66%	10.70%	44.41%	31.40%	1.75%
Net Cash Per Share	2.52	3.00	3.02	2.73	1.89	1.44
Filing Date Shares Outstanding	8,014	7,944	7,946	7,891	8,034	7,985
Total Common Shares Outstanding	8,014	7,944	7,946	7,891	8,034	7,985
Working Capital	39,853	40,585	36,027	32,247	25,492	21,233
Book Value Per Share	6.67	6.63	6.19	5.98	5.29	4.76
Tangible Book Value	51,719	50,827	47,108	45,188	40,647	36,413
Tangible Book Value Per Share	6.45	6.40	5.93	5.73	5.06	4.56
Buildings	-	-	6,504	6,174	5,048	4,936
Machinery	-	-	7,633	8,997	9,800	9,531
Construction In Progress	-	-	1,039	1,314	2,531	2,823
Order Backlog	-	-	50,697	-	-	-

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