China Nerin Engineering 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	2,148	2,312	1,642	1,591	1,433	1,235
Trading Asset Securities	-	-	-	1.75	-	-
Cash & Short-Term Investments	2,148	2,312	1,642	1,592	1,433	1,235
Cash Growth	52.67%	40.76%	3.13%	11.11%	16.08%	6.83%
Accounts Receivable	1,346	1,494	1,691	1,646	1,087	1,022
Other Receivables	21.08	27.11	11.81	7.44	34.33	28.99
Receivables	1,367	1,521	1,704	1,654	1,121	1,051
Inventory	890.51	869.14	1,223	1,159	680.26	295.47
Prepaid Expenses	-	-	0	0	-	-
Other Current Assets	103.85	71.25	91.25	331.81	462.78	305.09
Total Current Assets	4,509	4,773	4,660	4,737	3,698	2,886
Property, Plant & Equipment	267.4	257.49	211.31	212.35	210.75	181.29
Long-Term Investments	98.4	97.64	100.18	96.9	121.6	197.14
Other Intangible Assets	53.14	54.24	56.68	58.16	60.51	53.45
Long-Term Accounts Receivable	-	-	3.87	-	-	-
Long-Term Deferred Tax Assets	93.34	93.31	86.79	76.74	69.47	64.45
Long-Term Deferred Charges	0.37	0.41	0.02	0.06	0.3	0.6
Other Long-Term Assets	69.44	70.03	76.76	73.36	72.31	67.4
Total Assets	5,091	5,347	5,196	5,255	4,233	3,450
Accounts Payable	861.46	986.3	1,217	1,274	980.67	708.6
Accrued Expenses	155.17	323.85	345.24	346.77	331.53	305.57
Short-Term Debt	8	10	8	11.14	6.05	1.93
Current Portion of Long-Term Debt	12.18	12.24	-	-	-	-
Current Portion of Leases	-	-	2.19	2.73	-	-
Current Income Taxes Payable	61.32	72.69	6.78	11.26	22.21	20.48
Current Unearned Revenue	1,224	1,209	1,498	1,558	970.99	557.69
Other Current Liabilities	78.8	86.49	109.5	111.52	107.91	108.94
Total Current Liabilities	2,401	2,700	3,186	3,316	2,419	1,703
Long-Term Leases	4.64	4.6	2.74	2.84	3.59	3.14
Long-Term Unearned Revenue	3.79	4.1	4.35	3.1	2.54	3.02
Long-Term Deferred Tax Liabilities	1.62	1.51	1.98	2.11	2.91	2.16
Other Long-Term Liabilities	99.26	106.37	108.75	137.04	102.77	134.51
Total Liabilities	2,510	2,817	3,304	3,461	2,531	1,846
Common Stock	120	120	90	90	90	90
Additional Paid-In Capital	1,551	1,550	1,045	1,041	1,036	1,030
Retained Earnings	877.51	826.01	724.68	631.17	541.53	451.9
Comprehensive Income & Other	18.34	18.08	20.43	17.9	22.84	21.86
Total Common Equity	2,567	2,515	1,880	1,780	1,691	1,594
Minority Interest	13.92	15.19	11.81	13.92	10.7	10.66
Shareholders' Equity	2,581	2,530	1,892	1,794	1,701	1,604
Total Liabilities & Equity	5,091	5,347	5,196	5,255	4,233	3,450
Total Debt	24.82	26.84	12.93	16.71	9.63	5.07
Net Cash (Debt)	2,123	2,285	1,629	1,576	1,424	1,230
Net Cash Growth	52.35%	40.23%	3.40%	10.68%	15.77%	6.39%
Net Cash Per Share	18.21	20.82	18.11	17.55	15.86	13.63
Filing Date Shares Outstanding	119.75	119.77	90	90	89.78	90
Total Common Shares Outstanding	119.75	119.77	90	90	89.78	90
Working Capital	2,108	2,073	1,474	1,421	1,278	1,183
Book Value Per Share	21.44	20.99	20.89	19.77	18.83	17.71
Tangible Book Value	2,514	2,460	1,823	1,721	1,630	1,540
Tangible Book Value Per Share	20.99	20.54	20.26	19.13	18.16	17.11
Buildings	-	-	277.99	249.59	257.22	246.63
Machinery	-	-	128.3	127.94	129.75	114.89
Construction In Progress	-	-	18.11	38.9	14.97	-

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