Ningbo Ocean Shipping Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,163	1,254	1,416	1,558	620.88
Short-Term Investments	-	-	4.16	4.16	-
Cash & Short-Term Investments	1,163	1,254	1,420	1,562	620.88
Cash Growth	-7.27%	-11.70%	-9.12%	151.63%	-8.05%
Accounts Receivable	1,186	1,263	981.71	1,094	1,064
Other Receivables	17.4	21.07	15	1.7	7.27
Receivables	1,203	1,284	996.71	1,096	1,071
Inventory	88.32	78.25	69.86	62.38	49.47
Other Current Assets	82.8	147.52	204.85	76.13	68.26
Total Current Assets	2,537	2,764	2,691	2,797	1,810
Property, Plant & Equipment	5,646	5,072	4,713	3,540	3,067
Long-Term Investments	285.76	277.01	285.03	291.89	310.05
Goodwill	1.34	1.34	1.34	1.34	1.34
Other Intangible Assets	4.95	5.99	3.78	2.98	3.12
Long-Term Deferred Tax Assets	1.29	2.41	1.68	4.52	5.04
Long-Term Deferred Charges	1.34	1.28	1.84	2.29	1.96
Other Long-Term Assets	315.55	85.17	201.41	396.8	531.45
Total Assets	8,793	8,209	7,899	7,037	5,729
Accounts Payable	1,099	1,121	881.8	925.16	815.67
Accrued Expenses	7.37	6.44	11.35	22.51	10
Short-Term Debt	773.53	431.68	150.1	30.03	401.61
Current Portion of Long-Term Debt	17.03	1	66.9	15.61	1.64
Current Portion of Leases	127.9	7.64	13.8	10.4	9.62
Current Income Taxes Payable	25.42	7.02	10.96	60.57	58.96
Current Unearned Revenue	0.49	1.24	2.97	8.3	1.94
Other Current Liabilities	215.52	600.75	708.32	167.69	275.7
Total Current Liabilities	2,266	2,177	1,846	1,240	1,575
Long-Term Debt	16.5	33.5	435	501.4	593.36
Long-Term Leases	71.4	3.05	10.4	19.57	18.89
Long-Term Deferred Tax Liabilities	295.5	198.42	171.23	81.85	42.02
Other Long-Term Liabilities	-	-	-	20.2	37.64
Total Liabilities	2,649	2,412	2,463	1,863	2,267
Common Stock	1,309	1,309	1,309	1,309	1,178
Additional Paid-In Capital	2,391	2,391	2,393	2,393	1,499
Retained Earnings	2,432	2,057	1,656	1,353	683.16
Comprehensive Income & Other	0.63	29.79	71.2	107	90.62
Total Common Equity	6,132	5,787	5,428	5,162	3,450
Minority Interest	12.02	10.06	8.33	11.94	11.99
Shareholders' Equity	6,144	5,797	5,437	5,174	3,462
Total Liabilities & Equity	8,793	8,209	7,899	7,037	5,729
Total Debt	1,006	476.87	676.19	577.01	1,025
Net Cash (Debt)	156.32	776.92	743.76	985.35	-404.23
Net Cash Growth	-79.88%	4.46%	-24.52%	-	-
Net Cash Per Share	0.12	0.59	0.58	0.84	-0.35
Filing Date Shares Outstanding	1,309	1,309	1,309	1,309	1,178
Total Common Shares Outstanding	1,309	1,309	1,309	1,309	1,178
Working Capital	271.05	587.24	845.18	1,557	234.6
Book Value Per Share	4.69	4.42	4.15	3.94	2.93
Tangible Book Value	6,126	5,780	5,423	5,157	3,446
Tangible Book Value Per Share	4.68	4.42	4.14	3.94	2.93
Buildings	54.44	54.66	54.76	56.38	57.07
Machinery	7,316	6,434	5,593	4,343	3,487
Construction In Progress	150.99	322.51	444.11	305.12	490.84

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.