Ningbo Construction 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	7,143	5,685	5,550	5,205	3,716	2,605
Short-Term Investments	-	-	300.18	0.59	858.56	289.14
Cash & Short-Term Investments	7,143	5,685	5,851	5,206	4,574	2,894
Cash Growth	49.74%	-2.82%	12.38%	13.81%	58.05%	1.74%
Accounts Receivable	15,829	13,140	14,104	12,918	12,567	11,142
Other Receivables	1,845	1,898	448.85	700.27	196.27	408.84
Receivables	17,674	15,038	14,553	13,618	12,763	11,551
Inventory	783.93	605.57	774.88	843.09	855.06	747.9
Prepaid Expenses	-	-	240.52	203.64	200.9	276.43
Other Current Assets	2,072	1,398	2,414	1,635	1,147	837.53
Total Current Assets	27,672	22,728	23,833	21,506	19,541	16,307
Property, Plant & Equipment	1,940	1,719	1,721	1,469	1,343	1,285
Long-Term Investments	1,086	775.07	1,058	914.36	609.85	520.76
Goodwill	166.99	164.54	164.54	164.54	164.54	164.54
Other Intangible Assets	295.29	245.67	256.43	261.95	269.77	279.53
Long-Term Deferred Tax Assets	551.64	517.82	437.9	377.63	313.58	296.37
Long-Term Deferred Charges	164.29	122.03	127.77	99.89	81.61	36.22
Other Long-Term Assets	8,479	5,766	4,437	3,722	2,445	1,942
Total Assets	40,355	32,038	32,035	28,516	24,769	20,831
Accounts Payable	12,433	10,910	10,260	9,922	8,496	6,973
Accrued Expenses	49.81	113.73	174.08	191.89	199.22	177.95
Short-Term Debt	6,606	4,224	3,561	3,315	2,164	2,908
Current Portion of Long-Term Debt	657.63	519.82	808.19	224.25	234	64
Current Income Taxes Payable	186.09	141.54	44.84	32.02	14	34.29
Current Unearned Revenue	6,257	4,814	5,938	5,114	4,088	3,018
Other Current Liabilities	3,025	3,011	3,102	2,328	2,366	2,154
Total Current Liabilities	29,215	23,734	23,887	21,127	17,562	15,330
Long-Term Debt	3,994	2,995	2,475	2,031	1,628	1,176
Long-Term Leases	139.57	143.13	186.92	43.65	24.86	28.26
Long-Term Unearned Revenue	44.59	44.98	46.41	48.56	50.14	51.72
Other Long-Term Liabilities	1.4	1.4	1.4	1.4	1.4	1.4
Total Liabilities	33,394	26,919	26,596	23,251	19,267	16,587
Common Stock	1,524	1,087	1,087	1,087	1,087	976.09
Additional Paid-In Capital	1,107	957.76	954.85	953.1	957.46	516.69
Retained Earnings	3,668	2,550	2,441	2,259	2,077	1,880
Comprehensive Income & Other	-14.94	-	500	500	946.18	499.19
Total Common Equity	6,284	4,595	4,982	4,799	5,068	3,872
Minority Interest	676.74	524.29	456.61	465.93	433.8	372.35
Shareholders' Equity	6,961	5,119	5,439	5,265	5,502	4,244
Total Liabilities & Equity	40,355	32,038	32,035	28,516	24,769	20,831
Total Debt	11,397	7,882	7,030	5,613	4,051	4,177
Net Cash (Debt)	-4,254	-2,196	-1,180	-407.56	522.8	-1,283
Net Cash Per Share	-3.53	-1.92	-1.02	-0.35	0.45	-1.21
Filing Date Shares Outstanding	1,379	1,060	1,087	1,087	1,087	1,087
Total Common Shares Outstanding	1,379	1,060	1,087	1,087	1,087	976.09
Working Capital	-1,542	-1,007	-53.68	379.47	1,979	977.52
Book Value Per Share	4.56	4.33	4.12	3.96	3.79	3.97
Tangible Book Value	5,822	4,185	4,561	4,372	4,634	3,428
Tangible Book Value Per Share	4.22	3.95	3.74	3.56	3.39	3.51
Buildings	-	-	1,518	1,339	1,205	1,106
Machinery	-	-	692.96	694.91	642.35	633.59
Construction In Progress	-	-	5.19	7.51	15.58	7.43
Order Backlog	-	-	3,217,903	-	-	-

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