Ningbo Construction 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	5,907	5,685	5,548	5,205	3,721	2,605
Short-Term Investments	-	100.18	300.18	0.59	858.56	289.14
Cash & Short-Term Investments	5,907	5,786	5,848	5,206	4,580	2,894
Cash Growth	28.84%	-1.07%	12.34%	13.67%	58.24%	1.74%
Accounts Receivable	17,113	13,140	14,104	12,918	12,567	11,142
Other Receivables	2,322	1,898	1,552	700.27	196.27	408.84
Receivables	19,435	15,038	15,656	13,618	12,763	11,551
Inventory	649.47	605.57	774.88	843.09	855.06	747.9
Prepaid Expenses	-	269.61	240.52	203.64	200.9	276.43
Other Current Assets	2,027	1,029	1,313	1,635	1,142	837.53
Total Current Assets	28,018	22,728	23,833	21,506	19,541	16,307
Property, Plant & Equipment	1,921	1,719	1,721	1,469	1,343	1,285
Long-Term Investments	1,187	975.07	1,058	914.36	609.85	520.76
Goodwill	166.99	164.54	164.54	164.54	164.54	164.54
Other Intangible Assets	291.14	245.67	256.43	261.95	269.77	279.53
Long-Term Deferred Tax Assets	576.83	517.82	437.9	377.63	313.58	296.37
Long-Term Deferred Charges	156.61	122.03	127.77	99.89	81.61	36.22
Other Long-Term Assets	7,990	5,566	4,437	3,722	2,445	1,942
Total Assets	40,308	32,038	32,035	28,516	24,769	20,831

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	12,695	10,910	10,260	9,922	8,496	6,973
Accrued Expenses	27.46	165.11	174.08	191.89	199.22	177.95
Short-Term Debt	5,981	4,626	3,561	3,315	2,164	2,908
Current Portion of Long-Term Debt	548.32	519.82	808.19	224.25	234	64
Current Income Taxes Payable	67.52	85.63	44.84	32.02	14	34.29
Current Unearned Revenue	6,091	4,814	5,938	5,114	4,088	3,018
Other Current Liabilities	3,767	2,613	3,102	2,328	2,366	2,154
Total Current Liabilities	29,177	23,734	23,887	21,127	17,562	15,330
Long-Term Debt	4,021	2,995	2,475	2,031	1,628	1,176
Long-Term Leases	99.56	143.13	186.92	43.65	24.86	28.26
Long-Term Unearned Revenue	43.79	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	33,342	26,919	26,596	23,251	19,267	16,587

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	1,524	1,087	1,087	1,087	1,087	976.09
Additional Paid-In Capital	1,106	957.76	954.85	953.1	957.46	516.69
Retained Earnings	3,687	2,550	2,441	2,259	2,077	1,880
Comprehensive Income & Other	-15.75	-	500	500	946.18	499.19
Total Common Equity	6,301	4,595	4,982	4,799	5,068	3,872
Minority Interest	664.41	524.29	456.61	465.93	433.8	372.35
Shareholders' Equity	6,966	5,119	5,439	5,265	5,502	4,244
Total Liabilities & Equity	40,308	32,038	32,035	28,516	24,769	20,831

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	10,650	8,284	7,030	5,613	4,051	4,177
Net Cash (Debt)	-4,744	-2,499	-1,182	-407.56	528.26	-1,283
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.49	-2.18	-1.03	-0.35	0.46	-1.21
Filing Date Shares Outstanding	1,524	1,087	1,087	1,087	1,087	1,087
Total Common Shares Outstanding	1,524	1,087	1,087	1,087	1,087	976.09
Working Capital	-1,158	-1,007	-53.68	379.47	1,979	977.52
Book Value Per Share	4.13	4.23	4.12	3.96	3.79	3.97
Tangible Book Value	5,843	4,185	4,561	4,372	4,634	3,428
Tangible Book Value Per Share	3.83	3.85	3.74	3.56	3.39	3.51
Buildings	-	1,585	1,518	1,339	1,205	1,106
Machinery	-	712.52	692.96	694.91	642.35	633.59
Construction In Progress	-	5.09	5.19	7.51	15.58	7.43
Order Backlog	-	31,072	-	-	-	-