Ningbo Shanshan 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	2,832	2,620	2,771	4,856	4,742	9,295
Cash & Short-Term Investments	2,832	2,620	2,771	4,856	4,742	9,295
Cash Growth	19.46%	-5.44%	-42.94%	2.39%	-48.98%	198.54%
Accounts Receivable	4,719	4,725	5,251	6,112	5,482	4,697
Other Receivables	218.97	910.16	1,958	1,694	974.63	1,043
Receivables	4,938	5,636	7,210	7,806	6,456	5,740
Inventory	7,867	7,064	5,976	5,356	5,030	3,043
Prepaid Expenses	-	-	-	-	-	0.08
Other Current Assets	1,924	1,052	1,308	1,115	2,715	899.6
Total Current Assets	17,561	16,371	17,264	19,134	18,943	18,978
Property, Plant & Equipment	18,330	18,748	19,182	17,912	14,922	10,843
Long-Term Investments	6,300	6,278	6,680	8,117	7,865	7,347
Goodwill	1,134	1,134	828.32	879.24	1,007	914.61
Other Intangible Assets	2,266	2,307	1,885	2,000	1,758	1,627
Long-Term Accounts Receivable	-	-	-	-	-	33.2
Long-Term Deferred Tax Assets	235.02	241.56	278.65	199.33	134.94	240.33
Long-Term Deferred Charges	37.57	44.19	73.68	93.03	133.38	103.04
Other Long-Term Assets	14.82	12.61	16.92	140.65	161.94	202.86
Total Assets	45,878	45,136	46,208	48,475	44,925	40,288
Accounts Payable	4,606	3,029	3,363	2,622	3,783	2,904
Accrued Expenses	55.82	353.14	444.26	363.84	461.49	380.16
Short-Term Debt	5,861	5,504	5,628	6,697	3,928	4,339
Current Portion of Long-Term Debt	3,970	3,926	2,135	1,943	139.94	2,256
Current Portion of Leases	-	747.19	661.34	1,130	437.02	335.11
Current Income Taxes Payable	140.79	60.24	62.37	19.28	188.32	648.77
Current Unearned Revenue	38.45	57.9	34.47	13.21	61.01	113.37
Other Current Liabilities	279.38	1,564	1,650	1,819	3,900	2,333
Total Current Liabilities	14,951	15,241	13,979	14,609	12,899	13,309
Long-Term Debt	5,757	5,268	7,804	8,064	4,176	3,370
Long-Term Leases	713.17	735.79	977.44	1,274	1,584	1,571
Long-Term Unearned Revenue	535.85	551.38	484.76	467.26	366.78	409.65
Long-Term Deferred Tax Liabilities	320.76	324	392.06	392.69	337.32	380.07
Other Long-Term Liabilities	60.55	41.26	36.05	75.87	1,432	1,899
Total Liabilities	22,338	22,162	23,673	24,882	20,795	20,938
Common Stock	2,249	2,249	2,253	2,258	2,264	2,143
Additional Paid-In Capital	8,859	8,785	9,015	9,073	9,131	6,478
Retained Earnings	12,898	12,563	12,016	12,395	12,321	10,337
Treasury Stock	-1,237	-1,414	-1,469	-981.32	-514.72	-
Comprehensive Income & Other	-256.93	-223.05	-233.33	-76.17	-148.68	-29.37
Total Common Equity	22,512	21,961	21,581	22,669	23,053	18,928
Minority Interest	1,029	1,013	953.04	923.69	1,077	421.99
Shareholders' Equity	23,541	22,974	22,534	23,593	24,130	19,350
Total Liabilities & Equity	45,878	45,136	46,208	48,475	44,925	40,288
Total Debt	16,300	16,181	17,206	19,108	10,265	11,871
Net Cash (Debt)	-13,468	-13,561	-14,435	-14,252	-5,523	-2,576
Net Cash Per Share	-6.32	-6.32	-6.68	-6.52	-2.52	-1.57
Filing Date Shares Outstanding	2,150	2,148	2,152	2,210	2,264	2,143
Total Common Shares Outstanding	2,150	2,148	2,152	2,210	2,264	2,143
Working Capital	2,611	1,130	3,285	4,525	6,044	5,669
Book Value Per Share	10.47	10.22	10.03	10.26	10.18	8.83
Tangible Book Value	19,112	18,520	18,869	19,790	20,288	16,387
Tangible Book Value Per Share	8.89	8.62	8.77	8.95	8.96	7.65
Buildings	-	7,427	5,992	5,433	2,903	2,623
Machinery	-	15,152	12,170	8,484	8,158	6,847
Construction In Progress	-	969.71	3,789	5,581	4,947	2,022

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