Nantong Xingqiu Graphite 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	223.01	665.04	709	498.57	512.4	566.63
Trading Asset Securities	1,302	753.78	485.93	615.5	69.52	73.04
Cash & Short-Term Investments	1,525	1,419	1,195	1,114	581.93	639.67
Cash Growth	23.45%	18.74%	7.26%	91.45%	-9.03%	280.34%
Accounts Receivable	379.67	402.53	463.77	430.45	467.63	375.34
Other Receivables	15.58	10.16	6.89	9.81	10.39	6.27
Receivables	395.24	412.69	470.65	440.25	478.02	381.61
Inventory	484.35	492.31	537.98	489.91	341.63	239.84
Other Current Assets	122.64	110.95	37.95	178.89	109.34	44.92
Total Current Assets	2,527	2,435	2,242	2,223	1,511	1,306
Property, Plant & Equipment	460.1	472.6	513.42	523.24	464.56	271.49
Other Intangible Assets	48.46	48.81	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	12.94	10.22	6.3	7.27	6.26	3.49
Other Long-Term Assets	103.03	103.43	119.26	50.03	50.25	22.97
Total Assets	3,152	3,070	2,936	2,855	2,082	1,654
Accounts Payable	148.02	158.84	90.69	123.29	198.39	80
Accrued Expenses	14.67	20.31	43.28	44.91	28.98	16.07
Short-Term Debt	-	14.91	-	55.02	50.04	-
Current Portion of Long-Term Debt	-	0.03	-	-	-	-
Current Portion of Leases	-	-	0.22	0.05	0.04	0.34
Current Income Taxes Payable	35.45	26.9	10.61	10.53	8.37	5.78
Current Unearned Revenue	400.23	394.33	448.67	322.83	260.11	189.94
Other Current Liabilities	103.73	83.76	114.2	176.34	176.07	147.51
Total Current Liabilities	702.1	699.09	707.66	732.97	722.02	439.64
Long-Term Debt	639.39	634.22	611.51	587.46	-	-
Long-Term Leases	-	-	0.04	0.1	0.14	-
Long-Term Unearned Revenue	6.36	6.55	7.29	4.47	2.6	-
Long-Term Deferred Tax Liabilities	1.36	1.28	1.94	5.52	0.53	0.46
Total Liabilities	1,349	1,341	1,328	1,331	725.29	440.1
Common Stock	143.77	143.77	145.01	104.44	73.99	72.73
Additional Paid-In Capital	788.22	788.22	801.78	866.77	868.72	823.09
Retained Earnings	849.27	770.25	651.36	550.12	445.3	318.19
Treasury Stock	-12.2	-12.2	-27.16	-28.33	-31.2	-
Comprehensive Income & Other	30.92	35.98	33.93	31.3	-	0.31
Total Common Equity	1,800	1,726	1,605	1,524	1,357	1,214
Minority Interest	2.44	2.68	2.81	-	-	-
Shareholders' Equity	1,802	1,729	1,608	1,524	1,357	1,214
Total Liabilities & Equity	3,152	3,070	2,936	2,855	2,082	1,654
Total Debt	639.39	649.16	611.76	642.63	50.23	0.34
Net Cash (Debt)	885.49	769.66	583.16	471.45	531.7	639.33
Net Cash Growth	43.37%	31.98%	23.70%	-11.33%	-16.84%	280.14%
Net Cash Per Share	5.82	5.19	3.98	3.22	3.68	4.79
Filing Date Shares Outstanding	143.67	145.02	144.51	145.52	142.56	142.56
Total Common Shares Outstanding	143.67	145.02	144.51	146.22	142.56	142.56
Working Capital	1,825	1,736	1,534	1,490	788.89	866.4
Book Value Per Share	12.53	11.90	11.11	10.42	9.52	8.52
Tangible Book Value	1,752	1,677	1,555	1,485	1,317	1,174
Tangible Book Value Per Share	12.19	11.57	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

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