Ningbo Ocean Shipping 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	1,175	1,163	1,254	1,416	1,558	620.88
Short-Term Investments	-	-	-	4.16	4.16	-
Cash & Short-Term Investments	1,175	1,163	1,254	1,420	1,562	620.88
Cash Growth	-30.34%	-7.27%	-11.70%	-9.12%	151.63%	-8.05%
Accounts Receivable	1,289	1,186	1,263	981.71	1,094	1,064
Other Receivables	14.14	17.4	21.07	15	1.7	7.27
Receivables	1,303	1,203	1,284	996.71	1,096	1,071
Inventory	90.69	88.32	78.25	69.86	62.38	49.47
Other Current Assets	62.75	82.8	147.52	204.85	76.13	68.26
Total Current Assets	2,631	2,537	2,764	2,691	2,797	1,810
Property, Plant & Equipment	5,569	5,646	5,072	4,713	3,540	3,067
Long-Term Investments	285.01	285.76	277.01	285.03	291.89	310.05
Goodwill	1.34	1.34	1.34	1.34	1.34	1.34
Other Intangible Assets	4.58	4.95	5.99	3.78	2.98	3.12
Long-Term Deferred Tax Assets	1.26	1.29	2.41	1.68	4.52	5.04
Long-Term Deferred Charges	1.21	1.34	1.28	1.84	2.29	1.96
Other Long-Term Assets	643.43	315.55	85.17	201.41	396.8	531.45
Total Assets	9,138	8,793	8,209	7,899	7,037	5,729
Accounts Payable	1,311	1,099	1,121	881.8	925.16	815.67
Accrued Expenses	24.47	6.27	6.44	11.35	22.51	10
Short-Term Debt	211.68	773.53	431.68	150.1	30.03	401.61
Current Portion of Long-Term Debt	144.71	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	63.58	25.42	7.02	10.96	60.57	58.96
Current Unearned Revenue	1.47	0.49	1.24	2.97	8.3	1.94
Other Current Liabilities	208.46	216.62	600.75	708.32	167.69	275.7
Total Current Liabilities	1,966	2,266	2,177	1,846	1,240	1,575
Long-Term Debt	518.19	16.5	33.5	435	501.4	593.36
Long-Term Leases	78.4	71.4	3.05	10.4	19.57	18.89
Long-Term Deferred Tax Liabilities	284.45	295.5	198.42	171.23	81.85	42.02
Other Long-Term Liabilities	-	-	-	-	20.2	37.64
Total Liabilities	2,847	2,649	2,412	2,463	1,863	2,267
Common Stock	1,309	1,309	1,309	1,309	1,309	1,178
Additional Paid-In Capital	2,391	2,391	2,391	2,393	2,393	1,499
Retained Earnings	2,571	2,432	2,057	1,656	1,353	683.16
Comprehensive Income & Other	7.82	0.63	29.79	71.2	107	90.62
Total Common Equity	6,279	6,132	5,787	5,428	5,162	3,450
Minority Interest	12.05	12.02	10.06	8.33	11.94	11.99
Shareholders' Equity	6,291	6,144	5,797	5,437	5,174	3,462
Total Liabilities & Equity	9,138	8,793	8,209	7,899	7,037	5,729
Total Debt	952.97	1,006	476.87	676.19	577.01	1,025
Net Cash (Debt)	221.84	156.32	776.92	743.76	985.35	-404.23
Net Cash Growth	-77.16%	-79.88%	4.46%	-24.52%	-	-
Net Cash Per Share	0.17	0.12	0.59	0.58	0.84	-0.35
Filing Date Shares Outstanding	1,269	1,309	1,309	1,309	1,309	1,178
Total Common Shares Outstanding	1,269	1,309	1,309	1,309	1,309	1,178
Working Capital	665.56	271.05	587.24	845.18	1,557	234.6
Book Value Per Share	4.95	4.69	4.42	4.15	3.94	2.93
Tangible Book Value	6,273	6,126	5,780	5,423	5,157	3,446
Tangible Book Value Per Share	4.94	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

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