Ningbo Construction 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	4,585	5,550	5,205	3,716	2,605	2,601
Short-Term Investments	-	300.18	0.59	858.56	289.14	243.6
Cash & Short-Term Investments	4,585	5,851	5,206	4,574	2,894	2,845
Cash Growth	4.83%	12.38%	13.81%	58.05%	1.74%	12.34%
Accounts Receivable	12,899	14,104	12,918	12,567	11,142	10,978
Other Receivables	1,531	448.85	700.27	196.27	408.84	474.01
Receivables	14,430	14,553	13,618	12,763	11,551	11,452
Inventory	778.54	774.88	843.09	855.06	747.9	619.44
Prepaid Expenses	-	240.52	203.64	200.9	276.43	8.21
Other Current Assets	2,122	2,414	1,635	1,147	837.53	839.04
Total Current Assets	21,915	23,833	21,506	19,541	16,307	15,763
Property, Plant & Equipment	1,827	1,721	1,469	1,343	1,285	1,263
Long-Term Investments	761.4	1,058	914.36	609.85	520.76	613.12
Goodwill	164.54	164.54	164.54	164.54	164.54	164.54
Other Intangible Assets	249.65	256.43	261.95	269.77	279.53	293.71
Long-Term Deferred Tax Assets	458.34	437.9	377.63	313.58	296.37	270.03
Long-Term Deferred Charges	110.31	127.77	99.89	81.61	36.22	35.79
Other Long-Term Assets	5,166	4,437	3,722	2,445	1,942	219.64
Total Assets	30,651	32,035	28,516	24,769	20,831	18,622
Accounts Payable	7,790	10,260	9,922	8,496	6,973	6,649
Accrued Expenses	25.19	174.08	191.89	199.22	177.95	190.51
Short-Term Debt	4,593	3,561	3,315	2,164	2,908	1,967
Current Portion of Long-Term Debt	153.45	808.19	224.25	234	64	25
Current Income Taxes Payable	84.1	44.84	32.02	14	34.29	35.66
Current Unearned Revenue	6,049	5,938	5,114	4,088	3,018	3,151
Other Current Liabilities	3,366	3,102	2,328	2,366	2,154	2,026
Total Current Liabilities	22,060	23,887	21,127	17,562	15,330	14,043
Long-Term Debt	3,355	2,475	2,031	1,628	1,176	757.61
Long-Term Leases	149.64	186.92	43.65	24.86	28.26	-
Long-Term Unearned Revenue	45.57	46.41	48.56	50.14	51.72	25.62
Other Long-Term Liabilities	1.4	1.4	1.4	1.4	1.4	1.4
Total Liabilities	25,611	26,596	23,251	19,267	16,587	14,828
Common Stock	1,087	1,087	1,087	1,087	976.09	976.08
Additional Paid-In Capital	957.57	954.85	953.1	957.46	516.69	516.61
Retained Earnings	2,497	2,441	2,259	2,077	1,880	1,583
Comprehensive Income & Other	-	500	500	946.18	499.19	493.57
Total Common Equity	4,541	4,982	4,799	5,068	3,872	3,569
Minority Interest	499.06	456.61	465.93	433.8	372.35	224.75
Shareholders' Equity	5,040	5,439	5,265	5,502	4,244	3,794
Total Liabilities & Equity	30,651	32,035	28,516	24,769	20,831	18,622
Total Debt	8,251	7,030	5,613	4,051	4,177	2,749
Net Cash (Debt)	-3,666	-1,180	-407.56	522.8	-1,283	95.18
Net Cash Per Share	-3.15	-1.02	-0.35	0.45	-1.21	0.09
Filing Date Shares Outstanding	1,087	1,087	1,087	1,087	1,087	976.08
Total Common Shares Outstanding	1,087	1,087	1,087	1,087	976.09	976.08
Working Capital	-144.63	-53.68	379.47	1,979	977.52	1,719
Book Value Per Share	4.18	4.12	3.96	3.79	3.97	3.66
Tangible Book Value	4,127	4,561	4,372	4,634	3,428	3,111
Tangible Book Value Per Share	3.80	3.74	3.56	3.39	3.51	3.19
Buildings	-	1,518	1,339	1,205	1,106	1,101
Machinery	-	692.96	694.91	642.35	633.59	589.11
Construction In Progress	-	5.19	7.51	15.58	7.43	45.99
Order Backlog	-	3,217,903	-	-	-	-

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