Nantong Xingqiu Graphite 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	-	709	498.57	512.4	566.63
Trading Asset Securities	-	485.93	615.5	69.52	73.04
Cash & Short-Term Investments	1,293	1,195	1,114	581.93	639.67
Cash Growth	8.19%	7.26%	91.45%	-9.03%	280.34%
Accounts Receivable	-	463.77	430.45	467.63	375.34
Other Receivables	-	6.89	9.81	10.39	6.27
Receivables	-	470.65	440.25	478.02	381.61
Inventory	-	537.98	489.91	341.63	239.84
Other Current Assets	-	37.95	178.89	109.34	44.92
Total Current Assets	-	2,242	2,223	1,511	1,306
Property, Plant & Equipment	-	513.42	523.24	464.56	271.49
Other Intangible Assets	-	50.19	38.94	39.81	40.6
Long-Term Accounts Receivable	-	5.49	12.21	10.31	9.83
Long-Term Deferred Tax Assets	-	6.3	7.27	6.26	3.49
Other Long-Term Assets	-	119.26	50.03	50.25	22.97
Total Assets	-	2,936	2,855	2,082	1,654
Accounts Payable	-	90.69	123.29	198.39	80
Accrued Expenses	-	43.28	44.91	28.98	16.07
Short-Term Debt	-	-	55.02	50.04	-
Current Portion of Leases	-	0.22	0.05	0.04	0.34
Current Income Taxes Payable	-	10.61	10.53	8.37	5.78
Current Unearned Revenue	-	448.67	322.83	260.11	189.94
Other Current Liabilities	-	114.2	176.34	176.07	147.51
Total Current Liabilities	-	707.66	732.97	722.02	439.64
Long-Term Debt	-	611.51	587.46	-	-
Long-Term Leases	-	0.04	0.1	0.14	-
Long-Term Unearned Revenue	-	7.29	4.47	2.6	-
Long-Term Deferred Tax Liabilities	-	1.94	5.52	0.53	0.46
Total Liabilities	-	1,328	1,331	725.29	440.1
Common Stock	-	145.01	104.44	73.99	72.73
Additional Paid-In Capital	-	801.78	866.77	868.72	823.09
Retained Earnings	-	651.36	550.12	445.3	318.19
Treasury Stock	-	-27.16	-28.33	-31.2	-
Comprehensive Income & Other	-	33.93	31.3	-	0.31
Total Common Equity	1,638	1,605	1,524	1,357	1,214
Minority Interest	-	2.81	-	-	-
Shareholders' Equity	1,641	1,608	1,524	1,357	1,214
Total Liabilities & Equity	-	2,936	2,855	2,082	1,654
Total Debt	646.42	611.76	642.63	50.23	0.34
Net Cash (Debt)	646.37	583.16	471.45	531.7	639.33
Net Cash Growth	10.84%	23.70%	-11.33%	-16.84%	280.14%
Net Cash Per Share	4.47	3.98	3.22	3.68	4.79
Filing Date Shares Outstanding	145.93	144.51	145.52	142.56	142.56
Total Common Shares Outstanding	145.93	144.51	146.22	142.56	142.56
Working Capital	-	1,534	1,490	788.89	866.4
Book Value Per Share	11.60	11.11	10.42	9.52	8.52
Tangible Book Value	1,589	1,555	1,485	1,317	1,174
Tangible Book Value Per Share	11.25	10.76	10.16	9.24	8.23
Buildings	-	284.99	265.21	152.13	116.07
Machinery	-	394.28	382.1	140.75	118.08
Construction In Progress	-	7.55	2.61	260.04	110.73

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.