Wuxi NCE Power 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	1,675	2,063	2,668	2,566	889.36
Trading Asset Securities	1,334	643.66	52.23	-	40
Cash & Short-Term Investments	3,009	2,707	2,720	2,566	929.36
Cash Growth	11.15%	-0.49%	6.01%	176.11%	25.46%
Accounts Receivable	622.96	610.72	430.67	449.23	299.03
Other Receivables	1.18	1.18	0.15	3.47	3.6
Receivables	624.14	611.91	430.81	452.7	302.63
Inventory	303.14	311.62	453.9	441.34	249.82
Prepaid Expenses	-	0.94	7.39	2.63	30.08
Other Current Assets	3.2	3.7	3.06	5.87	5.2
Total Current Assets	3,939	3,635	3,615	3,469	1,517
Property, Plant & Equipment	477.93	472.78	418.95	247.73	228.58
Long-Term Investments	346.39	281.33	186.15	128.79	93.1
Goodwill	14.42	14.42	29.03	29.03	0.03
Other Intangible Assets	58.11	61.49	63.01	60.27	13.46
Long-Term Deferred Tax Assets	33.96	27.23	18.39	11.02	2.69
Long-Term Deferred Charges	3.36	3.39	4.16	5.28	0.45
Other Long-Term Assets	1.06	7.14	4.61	38.81	36.58
Total Assets	4,874	4,503	4,340	3,989	1,892
Accounts Payable	302.21	286.25	427.7	271.27	256.97
Accrued Expenses	42.17	41.09	29.66	47.29	25.7
Current Portion of Long-Term Debt	0.83	-	-	-	-
Current Portion of Leases	-	0.78	0.75	0.68	0.58
Current Income Taxes Payable	10.76	14.31	13.42	25.43	14.2
Current Unearned Revenue	8.21	7.35	7.43	8.22	12.06
Other Current Liabilities	11.26	45.44	74.39	134.85	13.37
Total Current Liabilities	375.44	395.22	553.37	487.75	322.89
Long-Term Leases	0.14	-	0.78	1.53	1.97
Long-Term Unearned Revenue	36.67	32.07	35.69	25.95	12.09
Long-Term Deferred Tax Liabilities	-	-	0.94	4.38	0.11
Other Long-Term Liabilities	53.52	38.25	18	18	18
Total Liabilities	465.77	465.55	608.78	537.62	355.06
Common Stock	415.33	415.33	298.19	213.02	141.68
Additional Paid-In Capital	1,826	1,820	1,989	2,084	576.81
Retained Earnings	2,122	1,755	1,407	1,171	818.44
Treasury Stock	-38	-38	-52.22	-106.11	-
Comprehensive Income & Other	0.02	0.04	-	-	-
Total Common Equity	4,326	3,953	3,643	3,363	1,537
Minority Interest	83.23	84.86	88.39	89.19	-
Shareholders' Equity	4,409	4,037	3,731	3,452	1,537
Total Liabilities & Equity	4,874	4,503	4,340	3,989	1,892
Total Debt	0.97	0.78	1.53	2.22	2.55
Net Cash (Debt)	3,008	2,706	2,719	2,564	926.81
Net Cash Growth	11.15%	-0.46%	6.04%	176.63%	25.11%
Net Cash Per Share	7.26	6.54	6.56	6.40	2.38
Filing Date Shares Outstanding	418.44	415.33	417.44	417.52	391.9
Total Common Shares Outstanding	418.44	415.33	417.47	417.52	388.77
Working Capital	3,564	3,240	3,062	2,981	1,194
Book Value Per Share	10.34	9.52	8.73	8.05	3.95
Tangible Book Value	4,253	3,877	3,551	3,273	1,523
Tangible Book Value Per Share	10.16	9.33	8.50	7.84	3.92
Buildings	-	77.95	77.95	77.95	77.7
Machinery	-	259.23	232.46	200.13	158.77
Construction In Progress	-	242.02	186.37	22.51	23.13

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