Wuxi NCE Power Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	2,062	1,675	2,063	2,668	2,566	889.36
Trading Asset Securities	964	1,334	643.66	52.23	-	40
Cash & Short-Term Investments	3,026	3,009	2,707	2,720	2,566	929.36
Cash Growth	8.91%	11.15%	-0.49%	6.01%	176.11%	25.46%
Accounts Receivable	707.69	622.96	610.72	430.67	449.23	299.03
Other Receivables	1.08	1.18	1.18	0.15	3.47	3.6
Receivables	708.77	624.14	611.91	430.81	452.7	302.63
Inventory	372.2	303.14	311.62	453.9	441.34	249.82
Prepaid Expenses	2.54	0.87	0.94	7.39	2.63	30.08
Other Current Assets	3.95	2.33	3.7	3.06	5.87	5.2
Total Current Assets	4,113	3,939	3,635	3,615	3,469	1,517
Property, Plant & Equipment	458.5	477.93	472.78	418.95	247.73	228.58
Long-Term Investments	497.85	346.39	281.33	186.15	128.79	93.1
Goodwill	14.42	14.42	14.42	29.03	29.03	0.03
Other Intangible Assets	55.99	58.11	61.49	63.01	60.27	13.46
Long-Term Deferred Tax Assets	39.58	33.96	27.23	18.39	11.02	2.69
Long-Term Deferred Charges	2.65	3.36	3.39	4.16	5.28	0.45
Other Long-Term Assets	5.06	1.06	7.14	4.61	38.81	36.58
Total Assets	5,188	4,874	4,503	4,340	3,989	1,892

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	427.21	292.87	286.25	427.7	271.27	256.97
Accrued Expenses	17.24	47.93	41.09	29.66	47.29	25.7
Current Portion of Leases	1.05	0.83	0.78	0.75	0.68	0.58
Current Income Taxes Payable	10.18	5.74	14.31	13.42	25.43	14.2
Current Unearned Revenue	18.44	8.21	7.35	7.43	8.22	12.06
Other Current Liabilities	33.68	19.86	45.44	74.39	134.85	13.37
Total Current Liabilities	507.8	375.44	395.22	553.37	487.75	322.89
Long-Term Leases	1.05	0.14	-	0.78	1.53	1.97
Long-Term Unearned Revenue	38.44	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	53.17	53.52	38.25	18	18	18
Total Liabilities	600.46	465.77	465.55	608.78	537.62	355.06

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	415.33	415.33	415.33	298.19	213.02	141.68
Additional Paid-In Capital	1,828	1,826	1,820	1,989	2,084	576.81
Retained Earnings	2,276	2,122	1,755	1,407	1,171	818.44
Treasury Stock	-19.37	-38	-38	-52.22	-106.11	-
Comprehensive Income & Other	0.17	0.02	0.04	-	-	-
Total Common Equity	4,500	4,326	3,953	3,643	3,363	1,537
Minority Interest	86.83	83.23	84.86	88.39	89.19	-
Shareholders' Equity	4,587	4,409	4,037	3,731	3,452	1,537
Total Liabilities & Equity	5,188	4,874	4,503	4,340	3,989	1,892

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2.1	0.97	0.78	1.53	2.22	2.55
Net Cash (Debt)	3,024	3,008	2,706	2,719	2,564	926.81
Net Cash Growth	8.90%	11.15%	-0.46%	6.04%	176.63%	25.11%
Net Cash Per Share	7.26	7.26	6.54	6.56	6.40	2.38
Filing Date Shares Outstanding	415.33	415.33	415.33	417.44	417.52	391.9
Total Common Shares Outstanding	415.33	415.33	415.33	417.47	417.52	388.77
Working Capital	3,606	3,564	3,240	3,062	2,981	1,194
Book Value Per Share	10.84	10.41	9.52	8.73	8.05	3.95
Tangible Book Value	4,430	4,253	3,877	3,551	3,273	1,523
Tangible Book Value Per Share	10.67	10.24	9.33	8.50	7.84	3.92
Buildings	328.31	328.22	77.95	77.95	77.95	77.7
Machinery	285.62	282.61	259.23	232.46	200.13	158.77
Construction In Progress	5.95	7.76	242.02	186.37	22.51	23.13