Ningbo Heli Technology 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	572.09	576.27	602.88	122.22	116.72	51.31
Trading Asset Securities	20	3.01	5	-	13.22	7.06
Cash & Short-Term Investments	592.09	579.28	607.88	122.22	129.95	58.37
Cash Growth	-3.44%	-4.71%	397.35%	-5.94%	122.63%	-32.03%
Accounts Receivable	444.32	516.57	456.97	432.58	399.14	414.73
Other Receivables	2.4	1.84	2.26	64.66	0.12	0.3
Receivables	446.72	518.42	459.22	497.24	399.27	415.03
Inventory	326.18	307.77	376.03	347.37	386.06	401.94
Other Current Assets	22.97	18.64	14.22	2.32	3.27	4.75
Total Current Assets	1,388	1,424	1,457	969.15	918.54	880.09
Property, Plant & Equipment	462.2	396.72	397.94	408.35	432.93	489.61
Long-Term Investments	17.76	18.03	18.98	10.02	8.12	7.5
Other Intangible Assets	46.04	44.98	47.47	39.01	41.34	44.17
Long-Term Deferred Tax Assets	25.24	27.74	27.65	23.04	22.04	20.5
Long-Term Deferred Charges	25.24	26.66	27.94	25.6	15.6	10.89
Other Long-Term Assets	74.43	106.45	75.22	50.67	11.93	9.98
Total Assets	2,039	2,045	2,053	1,526	1,450	1,463
Accounts Payable	125.28	134	184.93	149.29	153.36	155.07
Accrued Expenses	17.26	47.73	32.89	35.14	39.78	33
Short-Term Debt	11.01	11.01	2.4	20.02	21.02	49.1
Current Portion of Leases	4.56	2.48	0.64	0.61	1.46	1.39
Current Income Taxes Payable	3.14	2.52	-	13.34	1.9	1.44
Current Unearned Revenue	35.14	20.06	40.47	29.09	29.51	46.93
Other Current Liabilities	32.1	29.79	28.41	43.63	30.76	49.03
Total Current Liabilities	228.5	247.59	289.74	291.12	277.8	335.95
Long-Term Leases	15.04	5.46	2.14	2.53	-	1.46
Long-Term Unearned Revenue	86.61	78.47	63.71	72.11	88.32	82.96
Long-Term Deferred Tax Liabilities	-	-	-	-	0.15	0.23
Other Long-Term Liabilities	13.53	14.56	12.52	11.46	11.44	8.61
Total Liabilities	343.67	346.07	368.11	377.23	377.71	429.22
Common Stock	203.84	203.84	203.84	156.8	156.8	156.8
Additional Paid-In Capital	812.21	812.24	812.24	273.19	221.92	221.92
Retained Earnings	646.38	651.86	653.72	705.72	682.44	643.88
Comprehensive Income & Other	16.37	15.8	14.64	12.89	11.62	10.93
Total Common Equity	1,679	1,684	1,684	1,149	1,073	1,034
Minority Interest	16.41	14.86	-	-	-	-
Shareholders' Equity	1,695	1,699	1,684	1,149	1,073	1,034
Total Liabilities & Equity	2,039	2,045	2,053	1,526	1,450	1,463
Total Debt	30.61	18.95	5.17	23.16	22.48	51.95
Net Cash (Debt)	561.48	560.33	602.71	99.06	107.47	6.42
Net Cash Growth	-8.01%	-7.03%	508.41%	-7.82%	1573.59%	-88.89%
Net Cash Per Share	2.75	2.75	3.14	0.63	0.69	0.04
Filing Date Shares Outstanding	203.84	203.84	203.84	156.8	156.8	156.8
Total Common Shares Outstanding	203.84	203.84	203.84	156.8	156.8	156.8
Working Capital	1,159	1,177	1,168	678.03	640.74	544.14
Book Value Per Share	8.24	8.26	8.26	7.33	6.84	6.59
Tangible Book Value	1,633	1,639	1,637	1,110	1,031	989.35
Tangible Book Value Per Share	8.01	8.04	8.03	7.08	6.58	6.31
Buildings	-	154.02	161.14	145.84	151.96	151.96
Machinery	-	706.77	639.17	600.63	582.89	577.03
Construction In Progress	-	0.95	16.06	30	31.62	47.57

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