Ningbo Heli Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	576.27	602.88	122.22	116.72	51.31
Trading Asset Securities	3.01	5	-	13.22	7.06
Cash & Short-Term Investments	579.28	607.88	122.22	129.95	58.37
Cash Growth	-4.71%	397.35%	-5.94%	122.63%	-32.03%
Accounts Receivable	516.57	456.97	432.58	399.14	414.73
Other Receivables	1.84	2.26	64.66	0.12	0.3
Receivables	518.42	459.22	497.24	399.27	415.03
Inventory	307.77	376.03	347.37	386.06	401.94
Other Current Assets	18.64	14.22	2.32	3.27	4.75
Total Current Assets	1,424	1,457	969.15	918.54	880.09
Property, Plant & Equipment	396.72	397.94	408.35	432.93	489.61
Long-Term Investments	18.03	18.98	10.02	8.12	7.5
Other Intangible Assets	44.98	47.47	39.01	41.34	44.17
Long-Term Deferred Tax Assets	27.74	27.65	23.04	22.04	20.5
Long-Term Deferred Charges	26.66	27.94	25.6	15.6	10.89
Other Long-Term Assets	106.45	75.22	50.67	11.93	9.98
Total Assets	2,045	2,053	1,526	1,450	1,463
Accounts Payable	134	184.93	149.29	153.36	155.07
Accrued Expenses	35.41	32.89	35.14	39.78	33
Short-Term Debt	11.01	2.4	20.02	21.02	49.1
Current Portion of Long-Term Debt	2.48	-	-	-	-
Current Portion of Leases	-	0.64	0.61	1.46	1.39
Current Income Taxes Payable	14.37	-	13.34	1.9	1.44
Current Unearned Revenue	20.06	40.47	29.09	29.51	46.93
Other Current Liabilities	30.26	28.41	43.63	30.76	49.03
Total Current Liabilities	247.59	289.74	291.12	277.8	335.95
Long-Term Leases	5.46	2.14	2.53	-	1.46
Long-Term Unearned Revenue	58.04	63.71	72.11	88.32	82.96
Long-Term Deferred Tax Liabilities	-	-	-	0.15	0.23
Other Long-Term Liabilities	34.98	12.52	11.46	11.44	8.61
Total Liabilities	346.07	368.11	377.23	377.71	429.22
Common Stock	203.84	203.84	156.8	156.8	156.8
Additional Paid-In Capital	812.24	812.24	273.19	221.92	221.92
Retained Earnings	651.86	653.72	705.72	682.44	643.88
Comprehensive Income & Other	15.8	14.64	12.89	11.62	10.93
Total Common Equity	1,684	1,684	1,149	1,073	1,034
Minority Interest	14.86	-	-	-	-
Shareholders' Equity	1,699	1,684	1,149	1,073	1,034
Total Liabilities & Equity	2,045	2,053	1,526	1,450	1,463
Total Debt	18.95	5.17	23.16	22.48	51.95
Net Cash (Debt)	560.33	602.71	99.06	107.47	6.42
Net Cash Growth	-7.03%	508.41%	-7.82%	1573.59%	-88.89%
Net Cash Per Share	2.75	3.14	0.63	0.69	0.04
Filing Date Shares Outstanding	203.62	203.84	156.8	156.8	156.8
Total Common Shares Outstanding	203.62	203.84	156.8	156.8	156.8
Working Capital	1,177	1,168	678.03	640.74	544.14
Book Value Per Share	8.27	8.26	7.33	6.84	6.59
Tangible Book Value	1,639	1,637	1,110	1,031	989.35
Tangible Book Value Per Share	8.05	8.03	7.08	6.58	6.31
Buildings	-	161.14	145.84	151.96	151.96
Machinery	-	639.17	600.63	582.89	577.03
Construction In Progress	-	16.06	30	31.62	47.57

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