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 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	768.81	729.85	404.11	533.63	246.19	494.69
Cash & Short-Term Investments	768.81	729.85	404.11	533.63	246.19	494.69
Cash Growth	62.26%	80.60%	-24.27%	116.76%	-50.23%	-26.30%
Accounts Receivable	417.25	258.28	430.69	313.87	463.14	372.42
Other Receivables	5.15	4.7	5.6	8.05	11.55	9.51
Receivables	422.4	262.98	436.29	321.92	474.69	381.93
Inventory	67.6	62.93	65.6	66.51	76.8	60.86
Other Current Assets	15.17	22.83	6.6	2.76	5.17	6.77
Total Current Assets	1,274	1,079	912.61	924.83	802.85	944.25
Property, Plant & Equipment	2,279	2,330	2,545	2,625	2,760	2,790
Long-Term Investments	475.46	475.46	0.59	0.59	433.07	424.18
Other Intangible Assets	2,035	2,109	2,383	2,666	2,873	3,056
Long-Term Deferred Tax Assets	10.5	10.5	8.85	23.18	8.44	8.02
Long-Term Deferred Charges	1.2	1.3	1.7	-	-	1.09
Other Long-Term Assets	229.57	230.09	470.46	508.22	7	7.8
Total Assets	6,304	6,235	6,323	6,748	6,884	7,232
Accounts Payable	334.25	268.89	34.45	34.96	24.17	36.74
Accrued Expenses	28.75	16.38	227.25	186.1	214.59	191.88
Short-Term Debt	25.02	45.03	80.06	225.21	190.21	112.84
Current Portion of Long-Term Debt	153.56	154.16	105.55	70.91	231.39	229.2
Current Portion of Leases	-	-	48.97	52.3	47.34	73.97
Current Income Taxes Payable	11.61	14.52	2.2	21.11	1.67	60.09
Current Unearned Revenue	5.43	0.34	3.62	2.52	1.2	2.78
Other Current Liabilities	56.53	30.49	21.98	34.51	26.45	19.74
Total Current Liabilities	615.14	529.81	524.08	627.61	737.02	727.24
Long-Term Debt	488.64	488.64	617.78	852.9	982.58	1,272
Long-Term Leases	73.47	74.6	14.93	19.56	15.16	46
Long-Term Unearned Revenue	41.61	41.61	35.18	38.36	32.3	32.07
Long-Term Deferred Tax Liabilities	13.79	13.79	8.28	16.06	22.62	20.36
Total Liabilities	1,233	1,148	1,200	1,554	1,790	2,098
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	1,557	1,566	1,562	1,577	1,501	1,484
Comprehensive Income & Other	-2.05	-0.46	2.85	1.16	-0.3	-6.48
Total Common Equity	3,949	3,959	3,959	3,972	3,895	3,871
Minority Interest	1,122	1,127	1,163	1,222	1,200	1,262
Shareholders' Equity	5,071	5,087	5,122	5,193	5,094	5,134
Total Liabilities & Equity	6,304	6,235	6,323	6,748	6,884	7,232
Total Debt	740.68	762.43	867.29	1,221	1,467	1,734
Net Cash (Debt)	28.13	-32.59	-463.18	-687.24	-1,220	-1,240
Net Cash Per Share	0.02	-0.03	-0.38	-0.57	-1.01	-1.03
Filing Date Shares Outstanding	1,200	1,198	1,207	1,207	1,207	1,207
Total Common Shares Outstanding	1,200	1,198	1,207	1,207	1,207	1,207
Working Capital	658.84	548.77	388.53	297.21	65.82	217
Book Value Per Share	3.29	3.30	3.28	3.29	3.23	3.21
Tangible Book Value	1,915	1,850	1,576	1,306	1,022	815.15
Tangible Book Value Per Share	1.60	1.54	1.31	1.08	0.85	0.68
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

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