Wuxi NCE Power 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	1,619	1,675	2,063	2,668	2,566	889.36
Trading Asset Securities	1,457	1,334	643.66	52.23	-	40
Cash & Short-Term Investments	3,076	3,009	2,707	2,720	2,566	929.36
Cash Growth	13.70%	11.15%	-0.49%	6.01%	176.11%	25.46%
Accounts Receivable	661.72	622.96	610.72	430.67	449.23	299.03
Other Receivables	1.14	1.18	1.18	0.15	3.47	3.6
Receivables	662.86	624.14	611.91	430.81	452.7	302.63
Inventory	341.64	303.14	311.62	453.9	441.34	249.82
Prepaid Expenses	-	0.87	0.94	7.39	2.63	30.08
Other Current Assets	5.47	2.33	3.7	3.06	5.87	5.2
Total Current Assets	4,086	3,939	3,635	3,615	3,469	1,517
Property, Plant & Equipment	468.74	477.93	472.78	418.95	247.73	228.58
Long-Term Investments	341.33	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	57.06	58.11	61.49	63.01	60.27	13.46
Long-Term Deferred Tax Assets	36.35	33.96	27.23	18.39	11.02	2.69
Long-Term Deferred Charges	3	3.36	3.39	4.16	5.28	0.45
Other Long-Term Assets	1.57	1.06	7.14	4.61	38.81	36.58
Total Assets	5,009	4,874	4,503	4,340	3,989	1,892
Accounts Payable	347.26	292.87	286.25	427.7	271.27	256.97
Accrued Expenses	7.52	47.93	41.09	29.66	47.29	25.7
Current Portion of Leases	-	0.83	0.78	0.75	0.68	0.58
Current Income Taxes Payable	17.53	5.74	14.31	13.42	25.43	14.2
Current Unearned Revenue	16.22	8.21	7.35	7.43	8.22	12.06
Other Current Liabilities	98.49	19.86	45.44	74.39	134.85	13.37
Total Current Liabilities	488.25	375.44	395.22	553.37	487.75	322.89
Long-Term Leases	1.22	0.14	-	0.78	1.53	1.97
Long-Term Unearned Revenue	39.81	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	53.49	53.52	38.25	18	18	18
Total Liabilities	582.78	465.77	465.55	608.78	537.62	355.06
Common Stock	415.33	415.33	415.33	298.19	213.02	141.68
Additional Paid-In Capital	1,827	1,826	1,820	1,989	2,084	576.81
Retained Earnings	2,137	2,122	1,755	1,407	1,171	818.44
Treasury Stock	-38	-38	-38	-52.22	-106.11	-
Comprehensive Income & Other	0.08	0.02	0.04	-	-	-
Total Common Equity	4,342	4,326	3,953	3,643	3,363	1,537
Minority Interest	84.06	83.23	84.86	88.39	89.19	-
Shareholders' Equity	4,426	4,409	4,037	3,731	3,452	1,537
Total Liabilities & Equity	5,009	4,874	4,503	4,340	3,989	1,892
Total Debt	2.45	0.97	0.78	1.53	2.22	2.55
Net Cash (Debt)	3,074	3,008	2,706	2,719	2,564	926.81
Net Cash Growth	13.69%	11.15%	-0.46%	6.04%	176.63%	25.11%
Net Cash Per Share	7.44	7.26	6.54	6.56	6.40	2.38
Filing Date Shares Outstanding	411.06	414.28	415.33	417.44	417.52	391.9
Total Common Shares Outstanding	411.06	415.33	415.33	417.47	417.52	388.77
Working Capital	3,598	3,564	3,240	3,062	2,981	1,194
Book Value Per Share	10.56	10.41	9.52	8.73	8.05	3.95
Tangible Book Value	4,270	4,253	3,877	3,551	3,273	1,523
Tangible Book Value Per Share	10.39	10.24	9.33	8.50	7.84	3.92
Buildings	-	328.22	77.95	77.95	77.95	77.7
Machinery	-	282.61	259.23	232.46	200.13	158.77
Construction In Progress	-	7.76	242.02	186.37	22.51	23.13

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