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 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	4,020	5,220	3,988	2,855	2,796	1,271
Trading Asset Securities	601	400	1,050	300.87	0.95	321.51
Cash & Short-Term Investments	4,621	5,620	5,038	3,156	2,796	1,593
Cash Growth	-15.40%	11.55%	59.61%	12.86%	75.55%	102.33%
Accounts Receivable	10,831	12,171	9,110	6,601	5,916	4,505
Other Receivables	70.95	65.81	80.41	89.76	140.75	44.68
Receivables	10,902	12,236	9,190	6,690	6,057	4,550
Inventory	4,343	4,717	4,000	3,245	3,256	2,297
Prepaid Expenses	-	0.19	0.1	0	0.01	0
Other Current Assets	1,116	871.46	454.83	400.34	325.62	350.67
Total Current Assets	20,982	23,445	18,683	13,492	12,435	8,790
Property, Plant & Equipment	17,400	17,440	16,503	14,859	12,369	7,881
Long-Term Investments	313.14	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	1,559	1,570	1,370	1,390	1,228	855.11
Long-Term Deferred Tax Assets	242.63	261.15	239.13	202.24	191.98	135.1
Long-Term Deferred Charges	389.42	356.98	209.6	169.1	157.57	95.02
Other Long-Term Assets	355.1	366.52	240.11	315.04	779.2	588.16
Total Assets	41,581	43,935	37,544	30,770	27,511	18,683
Accounts Payable	11,141	13,196	9,339	8,263	7,815	5,559
Accrued Expenses	290.04	644.44	549.13	493.34	349.17	292.82
Short-Term Debt	2,864	2,931	930.63	999.8	1,297	1,407
Current Portion of Long-Term Debt	1,212	1,487	1,923	1,244	-	-
Current Portion of Leases	-	116.35	82.27	46.28	23.45	19.02
Current Income Taxes Payable	272.44	138.24	162.3	128.23	88.96	47.37
Current Unearned Revenue	26.75	21.06	24.26	20.09	22.05	22.58
Other Current Liabilities	49.47	108.92	28.55	29.47	25.17	18.54
Total Current Liabilities	15,856	18,643	13,039	11,224	9,621	7,367
Long-Term Debt	200.12	225.12	3,962	4,942	5,182	310
Long-Term Leases	413.25	442.46	486.05	298.08	67.08	40.69
Long-Term Unearned Revenue	420.27	422.91	408.02	424.22	367.15	269.33
Long-Term Deferred Tax Liabilities	65.19	66.74	65.66	66.84	113.02	75.75
Total Liabilities	16,955	19,800	17,961	16,955	15,350	8,062
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	11,988	11,437	9,559	7,205	5,565	4,171
Comprehensive Income & Other	-10.51	51	49.23	135.92	121.87	-24.98
Total Common Equity	24,588	24,098	19,550	13,784	12,130	10,589
Minority Interest	38.16	36.57	32.99	29.92	30.52	31.66
Shareholders' Equity	24,626	24,135	19,583	13,814	12,160	10,620
Total Liabilities & Equity	41,581	43,935	37,544	30,770	27,511	18,683
Total Debt	4,690	5,201	7,384	7,531	6,570	1,777
Net Cash (Debt)	-68.5	418.32	-2,346	-4,374	-3,773	-183.75
Net Cash Per Share	-0.04	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	5,126	4,802	5,645	2,268	2,814	1,424
Book Value Per Share	14.15	13.87	11.60	8.63	7.59	6.63
Tangible Book Value	22,689	22,188	17,979	12,191	10,693	9,525
Tangible Book Value Per Share	13.06	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

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