Ningbo Xusheng 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	1,521	1,700	2,921	2,065	2,327	2,079
Short-Term Investments	-	127.3	-	-	-	-
Trading Asset Securities	963.08	1,110	1,207	-	60.98	522.65
Cash & Short-Term Investments	2,484	2,938	4,127	2,065	2,388	2,602
Cash Growth	-36.20%	-28.83%	99.87%	-13.54%	-8.22%	78.64%
Accounts Receivable	1,322	1,318	1,251	1,352	1,271	1,006
Other Receivables	3.36	160.6	104	32.1	25	98.54
Receivables	1,326	1,479	1,355	1,384	1,296	1,104
Inventory	987.38	1,065	1,081	1,063	1,344	920.44
Other Current Assets	273.36	41.43	41.21	46.79	29.65	38.14
Total Current Assets	5,071	5,523	6,605	4,559	5,058	4,665
Property, Plant & Equipment	4,843	4,818	5,048	4,620	3,985	3,048
Long-Term Investments	1,879	1,867	1,664	-	-	-
Other Intangible Assets	727.97	744.65	580.78	599.56	455.01	361.02
Long-Term Deferred Tax Assets	46.9	46.14	29.19	14.3	-	-
Long-Term Deferred Charges	1.26	0.34	0.63	1.03	1.42	1.56
Other Long-Term Assets	71.58	104.29	60.21	270.16	124.76	101.95
Total Assets	12,641	13,103	13,989	10,064	9,624	8,178
Accounts Payable	1,164	1,315	1,571	1,384	1,799	1,780
Accrued Expenses	105.96	156.3	126.73	121.77	102.52	68.93
Short-Term Debt	896.71	1,325	1,031	434.52	1,071	735.36
Current Portion of Long-Term Debt	498.82	408.35	562.11	811.35	0.62	0.57
Current Portion of Leases	-	0.78	1.48	-	-	-
Current Income Taxes Payable	77.67	64.77	57.01	22.52	13.22	18.93
Current Unearned Revenue	53.26	36.69	62.29	28.75	80.32	114.39
Other Current Liabilities	42.66	5.42	6.91	4.55	27.77	16.54
Total Current Liabilities	2,839	3,312	3,418	2,808	3,095	2,735
Long-Term Debt	-	90	3,472	639.7	700	1,670
Long-Term Leases	-	-	0.81	-	-	-
Long-Term Unearned Revenue	333.02	339.73	323.09	218.35	108.75	89.45
Long-Term Deferred Tax Liabilities	112.63	111.82	136.39	140.63	95.32	26.74
Total Liabilities	3,285	3,854	7,351	3,807	3,999	4,521
Common Stock	1,156	1,156	933.23	933.21	666.58	447.04
Additional Paid-In Capital	5,370	5,391	2,691	2,691	2,961	1,809
Retained Earnings	2,914	2,789	2,786	2,584	1,950	1,302
Treasury Stock	-91.84	-119.51	-	-	-	-
Comprehensive Income & Other	7.99	32.9	219.87	35.91	34.91	94.61
Total Common Equity	9,356	9,249	6,630	6,244	5,613	3,653
Minority Interest	-	-	7.76	13.28	12.2	3.47
Shareholders' Equity	9,356	9,249	6,638	6,257	5,625	3,657
Total Liabilities & Equity	12,641	13,103	13,989	10,064	9,624	8,178
Total Debt	1,396	1,824	5,068	1,886	1,772	2,406
Net Cash (Debt)	1,089	1,114	-940.44	179.34	616.51	196.14
Net Cash Growth	-	-	-	-70.91%	214.31%	-85.54%
Net Cash Per Share	1.08	1.16	-1.02	0.19	0.69	0.22
Filing Date Shares Outstanding	1,138	1,146	933.23	933.21	933.21	876.2
Total Common Shares Outstanding	1,138	1,146	933.23	933.21	933.21	876.2
Working Capital	2,231	2,210	3,186	1,751	1,963	1,930
Book Value Per Share	8.22	8.07	7.10	6.69	6.01	4.17
Tangible Book Value	8,628	8,505	6,049	5,645	5,158	3,292
Tangible Book Value Per Share	7.58	7.42	6.48	6.05	5.53	3.76
Buildings	-	2,281	2,080	1,441	1,002	544.62
Machinery	-	4,063	3,875	3,553	2,577	1,698
Construction In Progress	-	343.72	514.42	623.92	1,062	1,251

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