Ningbo Energy Group 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	628.13	671.61	839.89	684.86	1,055	865.62
Trading Asset Securities	281.83	323.92	323.67	486.01	494.67	372.37
Accounts Receivable	1,646	1,595	1,553	1,537	670.66	1,134
Other Receivables	1,045	930.95	758.19	666.13	614.96	28.91
Inventory	118.07	155.8	146.9	171.66	272.02	359.95
Loans Receivable Current	-	38	119.4	-	-	210
Other Current Assets	220.02	220.7	139.1	149.13	289.01	316.17
Total Current Assets	3,940	3,936	3,880	3,695	3,396	3,287
Property, Plant & Equipment	5,524	5,490	4,997	4,865	4,262	3,106
Goodwill	15.09	15.09	13	10.85	10.85	10.85
Other Intangible Assets	400.24	390.7	401.33	408.63	388.06	496.54
Long-Term Investments	3,198	3,309	2,934	2,917	2,803	2,102
Long-Term Deferred Tax Assets	252.36	239.14	191.51	151.69	108.99	93.24
Long-Term Deferred Charges	10.27	11.14	14.48	17.61	12.89	13.39
Long-Term Accounts Receivable	-	-	-	1,510	1,005	852.09
Other Long-Term Assets	4,253	3,606	2,779	206.81	221.47	24.45
Total Assets	17,593	16,997	15,210	13,782	12,208	9,986
Accounts Payable	440.25	302.96	318.53	251.33	613	259.62
Accrued Expenses	39.31	71.65	63.15	54.62	45.47	44.41
Short-Term Debt	2,903	2,867	2,964	2,493	2,643	1,999
Current Portion of Long-Term Debt	1,704	1,674	1,688	887.69	960.69	263.08
Current Unearned Revenue	23.67	27.42	6.97	19.06	17.95	43.87
Current Portion of Leases	-	6.76	4.36	31.38	-	8.72
Current Income Taxes Payable	42.56	24.63	23.88	25.79	34.31	28.91
Other Current Liabilities	201.67	497.52	654.68	544.72	417.37	354.16
Total Current Liabilities	5,354	5,472	5,724	4,308	4,731	3,002
Long-Term Debt	4,944	4,307	3,886	4,142	2,127	2,220
Long-Term Leases	26.64	25.73	4.74	6.13	12.49	15.44
Long-Term Unearned Revenue	172.3	175.72	146.55	131.97	130.96	122.9
Long-Term Deferred Tax Liabilities	13.25	12.66	4.11	3.66	1.76	6.81
Other Long-Term Liabilities	470.25	482.5	272.03	202.5	207.38	210.87
Total Liabilities	10,981	10,475	10,037	8,794	7,211	5,578
Common Stock	1,118	1,118	1,118	1,118	1,118	1,118
Additional Paid-In Capital	1,359	1,359	1,361	1,351	1,651	1,412
Retained Earnings	2,084	2,018	1,853	1,736	1,479	1,326
Treasury Stock	-	-	-	-14.09	-30.94	-51.47
Comprehensive Income & Other	1,010	1,019	8.03	3.99	6.73	13.6
Total Common Equity	5,571	5,514	4,340	4,195	4,224	3,819
Minority Interest	1,041	1,008	832.87	793.14	772.54	589.55
Shareholders' Equity	6,612	6,522	5,173	4,988	4,997	4,408
Total Liabilities & Equity	17,593	16,997	15,210	13,782	12,208	9,986
Total Debt	9,578	8,880	8,548	7,561	5,743	4,506
Net Cash (Debt)	-8,668	-7,884	-7,384	-6,390	-4,193	-3,268
Net Cash Per Share	-7.29	-6.75	-6.62	-5.75	-3.78	-2.96
Filing Date Shares Outstanding	1,118	1,118	1,118	1,118	1,118	1,118
Total Common Shares Outstanding	1,118	1,118	1,118	1,118	1,118	1,118
Working Capital	-1,414	-1,536	-1,844	-613.34	-1,335	285.16
Book Value Per Share	4.98	4.93	3.88	3.75	3.78	3.42
Tangible Book Value	5,156	5,108	3,926	3,775	3,825	3,311
Tangible Book Value Per Share	4.61	4.57	3.51	3.38	3.42	2.96
Buildings	-	1,730	1,666	1,329	1,075	917.97
Machinery	-	4,707	4,157	3,634	2,755	2,444
Construction In Progress	-	453.11	482.03	855.86	1,289	592.41