Ningbo Marine Company 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	1,233	404.11	533.63	246.19	494.69	671.26
Cash & Short-Term Investments	1,233	404.11	533.63	246.19	494.69	671.26
Cash Growth	141.93%	-24.27%	116.76%	-50.23%	-26.30%	-11.20%
Accounts Receivable	351.44	430.69	313.87	463.14	372.42	459.57
Other Receivables	12.32	5.6	8.05	11.55	9.51	3.86
Receivables	363.76	436.29	321.92	474.69	381.93	463.44
Inventory	73.01	65.6	66.51	76.8	60.86	47.9
Other Current Assets	14.13	6.6	2.76	5.17	6.77	114.13
Total Current Assets	1,684	912.61	924.83	802.85	944.25	1,297
Property, Plant & Equipment	2,584	2,545	2,625	2,760	2,790	2,583
Long-Term Investments	0.44	0.59	0.59	433.07	424.18	0.68
Other Intangible Assets	2,162	2,383	2,666	2,873	3,056	3,224
Long-Term Deferred Tax Assets	10.31	8.85	23.18	8.44	8.02	7.96
Long-Term Deferred Charges	1.43	1.7	-	-	1.09	0.6
Other Long-Term Assets	459.48	470.46	508.22	7	7.8	6.87
Total Assets	6,902	6,323	6,748	6,884	7,232	7,120
Accounts Payable	239.27	34.45	34.96	24.17	36.74	33.7
Accrued Expenses	62.08	227.25	186.1	214.59	191.88	162.06
Short-Term Debt	245.04	80.06	225.21	190.21	112.84	184.67
Current Portion of Long-Term Debt	200.96	105.55	70.91	231.39	229.2	-
Current Portion of Leases	-	48.97	52.3	47.34	73.97	46.86
Current Income Taxes Payable	10.21	2.2	21.11	1.67	60.09	31.95
Current Unearned Revenue	2.21	3.62	2.52	1.2	2.78	1.89
Other Current Liabilities	110.52	21.98	34.51	26.45	19.74	182.41
Total Current Liabilities	870.28	524.08	627.61	737.02	727.24	643.54
Long-Term Debt	873.45	617.78	852.9	982.58	1,272	1,567
Long-Term Leases	87.81	14.93	19.56	15.16	46	-
Long-Term Unearned Revenue	41.12	35.18	38.36	32.3	32.07	31.85
Long-Term Deferred Tax Liabilities	6.9	8.28	16.06	22.62	20.36	-
Total Liabilities	1,880	1,200	1,554	1,790	2,098	2,242
Common Stock	1,207	1,207	1,207	1,207	1,207	1,207
Additional Paid-In Capital	1,187	1,187	1,187	1,187	1,187	1,187
Retained Earnings	1,507	1,562	1,577	1,501	1,484	1,241
Comprehensive Income & Other	2.48	2.85	1.16	-0.3	-6.48	-5.4
Total Common Equity	3,903	3,959	3,972	3,895	3,871	3,630
Minority Interest	1,119	1,163	1,222	1,200	1,262	1,248
Shareholders' Equity	5,022	5,122	5,193	5,094	5,134	4,878
Total Liabilities & Equity	6,902	6,323	6,748	6,884	7,232	7,120
Total Debt	1,407	867.29	1,221	1,467	1,734	1,798
Net Cash (Debt)	-173.99	-463.18	-687.24	-1,220	-1,240	-1,127
Net Cash Per Share	-0.14	-0.38	-0.57	-1.01	-1.03	-0.93
Filing Date Shares Outstanding	1,207	1,207	1,207	1,207	1,207	1,207
Total Common Shares Outstanding	1,207	1,207	1,207	1,207	1,207	1,207
Working Capital	813.89	388.53	297.21	65.82	217	653.19
Book Value Per Share	3.24	3.28	3.29	3.23	3.21	3.01
Tangible Book Value	1,741	1,576	1,306	1,022	815.15	406.16
Tangible Book Value Per Share	1.44	1.31	1.08	0.85	0.68	0.34
Buildings	-	60.82	102.45	102.45	102.45	-
Machinery	-	4,733	4,724	5,041	4,894	-
Construction In Progress	-	116.11	0.97	126.11	238.57	-

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