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	Jun '26 Jun 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	5,326	5,220	3,988	2,855	2,796	1,271
Trading Asset Securities	430	400	1,050	300.87	0.95	321.51
Cash & Short-Term Investments	5,756	5,620	5,038	3,156	2,796	1,593
Cash Growth	-4.26%	11.55%	59.61%	12.86%	75.55%	102.33%
Accounts Receivable	9,988	12,171	9,110	6,601	5,916	4,505
Other Receivables	69.64	65.81	80.41	89.76	140.75	44.68
Receivables	10,057	12,236	9,190	6,690	6,057	4,550
Inventory	4,815	4,717	4,000	3,245	3,256	2,297
Prepaid Expenses	0.19	0.19	0.1	0	0.01	0
Other Current Assets	1,131	871.46	454.83	400.34	325.62	350.67
Total Current Assets	21,760	23,445	18,683	13,492	12,435	8,790
Property, Plant & Equipment	17,413	17,440	16,503	14,859	12,369	7,881
Long-Term Investments	389.97	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	1,545	1,570	1,370	1,390	1,228	855.11
Long-Term Deferred Tax Assets	252.82	261.15	239.13	202.24	191.98	135.1
Long-Term Deferred Charges	492.32	356.98	209.6	169.1	157.57	95.02
Other Long-Term Assets	396.81	366.52	240.11	315.04	779.2	588.16
Total Assets	42,590	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	Jun '26 Jun 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	11,269	13,196	9,339	8,263	7,815	5,559
Accrued Expenses	543.36	644.44	549.13	493.34	349.17	292.82
Short-Term Debt	3,911	2,931	930.63	999.8	1,297	1,407
Current Portion of Long-Term Debt	693.5	1,487	1,923	1,244	-	-
Current Portion of Leases	115.76	116.35	82.27	46.28	23.45	19.02
Current Income Taxes Payable	65.55	138.24	162.3	128.23	88.96	47.37
Current Unearned Revenue	37.33	21.06	24.26	20.09	22.05	22.58
Other Current Liabilities	55.51	108.92	28.55	29.47	25.17	18.54
Total Current Liabilities	16,691	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	421.76	442.46	486.05	298.08	67.08	40.69
Long-Term Unearned Revenue	409.42	422.91	408.02	424.22	367.15	269.33
Long-Term Deferred Tax Liabilities	64.94	66.74	65.66	66.84	113.02	75.75
Total Liabilities	18,335	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	Jun '26 Jun 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	11,608	11,437	9,559	7,205	5,565	4,171
Comprehensive Income & Other	-0.07	51	49.23	135.92	121.87	-24.98
Total Common Equity	24,218	24,098	19,550	13,784	12,130	10,589
Minority Interest	37.17	36.57	32.99	29.92	30.52	31.66
Shareholders' Equity	24,255	24,135	19,583	13,814	12,160	10,620
Total Liabilities & Equity	42,590	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	Jun '26 Jun 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	5,890	5,201	7,384	7,531	6,570	1,777
Net Cash (Debt)	-134.3	418.32	-2,346	-4,374	-3,773	-183.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.08	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	5,069	4,802	5,645	2,268	2,814	1,424
Book Value Per Share	13.94	13.87	11.60	8.63	7.59	6.63
Tangible Book Value	22,332	22,188	17,979	12,191	10,693	9,525
Tangible Book Value Per Share	12.85	12.77	10.66	7.63	6.69	5.96
Buildings	6,097	6,068	5,090	4,660	3,644	2,486
Machinery	16,918	15,948	13,869	10,957	8,165	5,809
Construction In Progress	1,773	1,880	2,285	3,000	3,554	1,991