Ningbo Tuopu Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	4,507	5,220	3,988	2,855	2,796	1,271
Trading Asset Securities	550	400	1,050	300.87	0.95	321.51
Cash & Short-Term Investments	5,057	5,620	5,038	3,156	2,796	1,593
Cash Growth	-5.21%	11.55%	59.61%	12.86%	75.55%	102.33%
Accounts Receivable	10,807	12,171	9,110	6,601	5,916	4,505
Other Receivables	75.57	65.81	80.41	89.76	140.75	44.68
Receivables	10,883	12,236	9,190	6,690	6,057	4,550
Inventory	5,321	4,717	4,000	3,245	3,256	2,297
Prepaid Expenses	-	0.19	0.1	0	0.01	0
Other Current Assets	1,338	871.46	454.83	400.34	325.62	350.67
Total Current Assets	22,599	23,445	18,683	13,492	12,435	8,790
Property, Plant & Equipment	17,295	17,440	16,503	14,859	12,369	7,881
Long-Term Investments	586.5	155.25	96.73	139.64	141.7	129.48
Goodwill	340.48	340.48	202.1	203.18	209.24	208.68
Other Intangible Assets	1,534	1,570	1,370	1,390	1,228	855.11
Long-Term Deferred Tax Assets	255.37	261.15	239.13	202.24	191.98	135.1
Long-Term Deferred Charges	598.98	356.98	209.6	169.1	157.57	95.02
Other Long-Term Assets	340.5	366.52	240.11	315.04	779.2	588.16
Total Assets	43,550	43,935	37,544	30,770	27,511	18,683

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	11,742	13,196	9,339	8,263	7,815	5,559
Accrued Expenses	382.47	644.44	549.13	493.34	349.17	292.82
Short-Term Debt	3,912	2,931	930.63	999.8	1,297	1,407
Current Portion of Long-Term Debt	707.7	1,487	1,923	1,244	-	-
Current Portion of Leases	-	116.35	82.27	46.28	23.45	19.02
Current Income Taxes Payable	244.22	138.24	162.3	128.23	88.96	47.37
Current Unearned Revenue	75.25	21.06	24.26	20.09	22.05	22.58
Other Current Liabilities	74.66	108.92	28.55	29.47	25.17	18.54
Total Current Liabilities	17,138	18,643	13,039	11,224	9,621	7,367
Long-Term Debt	748	225.12	3,962	4,942	5,182	310
Long-Term Leases	414.18	442.46	486.05	298.08	67.08	40.69
Long-Term Unearned Revenue	402.72	422.91	408.02	424.22	367.15	269.33
Long-Term Deferred Tax Liabilities	64.76	66.74	65.66	66.84	113.02	75.75
Total Liabilities	18,768	19,800	17,961	16,955	15,350	8,062

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,738	1,738	1,686	1,102	1,102	1,102
Additional Paid-In Capital	10,873	10,873	8,256	5,341	5,341	5,341
Retained Earnings	12,247	11,437	9,559	7,205	5,565	4,171
Comprehensive Income & Other	-115.08	51	49.23	135.92	121.87	-24.98
Total Common Equity	24,742	24,098	19,550	13,784	12,130	10,589
Minority Interest	39.76	36.57	32.99	29.92	30.52	31.66
Shareholders' Equity	24,782	24,135	19,583	13,814	12,160	10,620
Total Liabilities & Equity	43,550	43,935	37,544	30,770	27,511	18,683

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	5,782	5,201	7,384	7,531	6,570	1,777
Net Cash (Debt)	-725.26	418.32	-2,346	-4,374	-3,773	-183.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.42	0.24	-1.39	-2.75	-2.36	-0.12
Filing Date Shares Outstanding	1,738	1,738	1,738	1,598	1,598	1,598
Total Common Shares Outstanding	1,738	1,738	1,686	1,598	1,598	1,598
Working Capital	5,461	4,802	5,645	2,268	2,814	1,424
Book Value Per Share	14.24	13.87	11.60	8.63	7.59	6.63
Tangible Book Value	22,868	22,188	17,979	12,191	10,693	9,525
Tangible Book Value Per Share	13.16	12.77	10.66	7.63	6.69	5.96
Buildings	-	6,068	5,090	4,660	3,644	2,486
Machinery	-	15,948	13,869	10,957	8,165	5,809
Construction In Progress	-	1,880	2,285	3,000	3,554	1,991