Ningbo Zhongbai 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	418.79	416.86	400.79	448.42	245.48	232.06
Trading Asset Securities	83.55	63.83	44.99	85.06	106.14	0
Cash & Short-Term Investments	502.34	480.69	445.78	533.48	351.63	232.06
Cash Growth	17.08%	7.83%	-16.44%	51.72%	51.53%	-19.19%
Accounts Receivable	0.28	0.58	0.57	0.7	0.54	0.38
Other Receivables	0.89	2.21	7.35	1.24	4.28	20.17
Receivables	1.17	2.79	7.92	1.94	4.83	20.55
Inventory	31.6	32.27	21.67	69.06	46.53	62.78
Prepaid Expenses	-	0	-	-	0.2	0.1
Other Current Assets	1.67	1.24	1.57	0.11	34.18	0.11
Total Current Assets	536.78	516.99	476.95	604.59	437.35	315.6
Property, Plant & Equipment	144.11	145.99	153.44	160.43	171.07	179.59
Long-Term Investments	232.08	235.9	230.28	212.66	334.8	408.98
Other Intangible Assets	1.22	1.24	1.31	1.38	1.58	1.65
Long-Term Deferred Tax Assets	29.7	34.64	39.19	29.16	2.19	2.24
Long-Term Deferred Charges	0.29	0.32	0.32	0.75	1.56	2.45
Other Long-Term Assets	4.84	4.9	5.14	5.38	13.65	47.96
Total Assets	949.01	939.97	906.63	1,014	962.2	958.47
Accounts Payable	16.98	18.47	23.71	81.52	39.65	70.36
Accrued Expenses	3.3	9.34	9.21	10.06	11.15	11.77
Current Income Taxes Payable	3.71	2.77	1.42	33.66	0.91	3.81
Current Unearned Revenue	3.96	2.85	3.97	3.37	10.96	4.86
Other Current Liabilities	5.69	6.37	6.52	6.42	71.83	9.71
Total Current Liabilities	33.64	39.81	44.83	135.03	134.51	100.51
Long-Term Deferred Tax Liabilities	28.46	29.42	27.91	23.45	41.03	58.04
Other Long-Term Liabilities	2.5	2.5	2.5	2.75	3.7	323.47
Total Liabilities	64.61	71.74	75.24	161.23	179.24	482.03
Common Stock	224.32	224.32	224.32	224.32	224.32	224.32
Additional Paid-In Capital	65.08	65.08	65.08	65.08	65.08	65.08
Retained Earnings	509.84	490.79	458.26	493.38	375.07	12.91
Comprehensive Income & Other	85.17	88.04	83.73	70.35	118.49	174.13
Shareholders' Equity	884.41	868.23	831.39	853.12	782.97	476.44
Total Liabilities & Equity	949.01	939.97	906.63	1,014	962.2	958.47
Net Cash (Debt)	502.34	480.69	445.78	533.48	351.63	232.06
Net Cash Growth	17.08%	7.83%	-16.44%	51.72%	51.53%	-19.19%
Net Cash Per Share	2.32	2.22	1.94	2.37	1.56	1.04
Filing Date Shares Outstanding	224.11	224.32	224.32	224.32	224.32	225.27
Total Common Shares Outstanding	224.11	224.32	224.32	224.32	224.32	225.27
Working Capital	503.13	477.17	432.12	469.56	302.85	215.09
Book Value Per Share	3.95	3.87	3.71	3.80	3.49	2.11
Tangible Book Value	883.19	866.99	830.08	851.75	781.39	474.79
Tangible Book Value Per Share	3.94	3.86	3.70	3.80	3.48	2.11
Buildings	-	267.81	267.81	267.81	276.42	276.42
Machinery	-	5.72	5.64	8.12	13.03	13.5

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