Ningbo Tuopu Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4,235	3,988	2,855	2,796	1,271	787.12
Trading Asset Securities	1,100	1,050	300.87	0.95	321.51	0.18
Cash & Short-Term Investments	5,335	5,038	3,156	2,796	1,593	787.3
Cash Growth	41.88%	59.61%	12.86%	75.55%	102.33%	-50.87%
Accounts Receivable	10,700	9,110	6,601	5,916	4,505	2,822
Other Receivables	74.33	80.41	89.76	140.75	44.68	31.09
Receivables	10,775	9,190	6,690	6,057	4,550	2,853
Inventory	4,605	4,000	3,245	3,256	2,297	1,503
Prepaid Expenses	-	0.1	0	0.01	0	-
Other Current Assets	765.42	454.83	400.34	325.62	350.67	216.71
Total Current Assets	21,479	18,683	13,492	12,435	8,790	5,360
Property, Plant & Equipment	17,340	16,503	14,859	12,369	7,881	5,192
Long-Term Investments	92.16	96.73	139.64	141.7	129.48	150.3
Goodwill	425.43	202.1	203.18	209.24	208.68	253.31
Other Intangible Assets	1,451	1,370	1,390	1,228	855.11	678.56
Long-Term Deferred Tax Assets	252.6	239.13	202.24	191.98	135.1	94.97
Long-Term Deferred Charges	227.56	209.6	169.1	157.57	95.02	57.68
Other Long-Term Assets	396.96	240.11	315.04	779.2	588.16	328.56
Total Assets	41,665	37,544	30,770	27,511	18,683	12,115
Accounts Payable	11,714	9,339	8,263	7,815	5,559	3,370
Accrued Expenses	405.78	549.13	493.34	349.17	292.82	206.78
Short-Term Debt	2,071	930.63	999.8	1,297	1,407	400.38
Current Portion of Long-Term Debt	2,224	1,923	1,244	-	-	-
Current Portion of Leases	-	82.27	46.28	23.45	19.02	-
Current Income Taxes Payable	269.92	162.3	128.23	88.96	47.37	13.25
Current Unearned Revenue	51.95	24.26	20.09	22.05	22.58	22.69
Other Current Liabilities	60.7	28.55	29.47	25.17	18.54	18.36
Total Current Liabilities	16,798	13,039	11,224	9,621	7,367	4,031
Long-Term Debt	607.71	3,962	4,942	5,182	310	-
Long-Term Leases	467.78	486.05	298.08	67.08	40.69	-
Long-Term Unearned Revenue	423.44	408.02	424.22	367.15	269.33	214.2
Long-Term Deferred Tax Liabilities	58.16	65.66	66.84	113.02	75.75	51.91
Total Liabilities	18,355	17,961	16,955	15,350	8,062	4,297
Common Stock	1,738	1,686	1,102	1,102	1,102	1,055
Additional Paid-In Capital	10,869	8,256	5,341	5,341	5,341	3,409
Retained Earnings	10,624	9,559	7,205	5,565	4,171	3,343
Comprehensive Income & Other	42.86	49.23	135.92	121.87	-24.98	-20.63
Total Common Equity	23,274	19,550	13,784	12,130	10,589	7,787
Minority Interest	35.72	32.99	29.92	30.52	31.66	31.09
Shareholders' Equity	23,310	19,583	13,814	12,160	10,620	7,818
Total Liabilities & Equity	41,665	37,544	30,770	27,511	18,683	12,115
Total Debt	5,371	7,384	7,531	6,570	1,777	400.38
Net Cash (Debt)	-36.53	-2,346	-4,374	-3,773	-183.75	386.92
Net Cash Growth	-	-	-	-	-	-54.84%
Net Cash Per Share	-0.02	-1.39	-2.75	-2.36	-0.12	0.25
Filing Date Shares Outstanding	1,738	1,738	1,598	1,598	1,598	1,598
Total Common Shares Outstanding	1,738	1,686	1,598	1,598	1,598	1,530
Working Capital	4,682	5,645	2,268	2,814	1,424	1,329
Book Value Per Share	13.39	11.60	8.63	7.59	6.63	5.09
Tangible Book Value	21,398	17,979	12,191	10,693	9,525	6,855
Tangible Book Value Per Share	12.31	10.66	7.63	6.69	5.96	4.48
Buildings	-	5,090	4,660	3,644	2,486	2,141
Machinery	-	13,869	10,957	8,165	5,809	4,077
Construction In Progress	-	2,285	3,000	3,554	1,991	943.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.