Northeast Securities 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	4,547	2,853	4,762	4,554	5,043	5,210
Short-Term Investments	33,206	30,073	21,879	15,677	20,266	21,865
Trading Asset Securities	40,016	20,408	34,040	38,733	31,170	31,001
Accounts Receivable	-	18,496	14,169	12,315	12,021	13,751
Other Receivables	19,737	172.95	146.85	204.1	218.16	253.62
Property, Plant & Equipment	738.65	764.98	877.26	931.54	984.26	996.6
Goodwill	75.92	75.92	75.92	75.92	75.92	75.92
Other Intangible Assets	384.13	396.62	414.95	331.82	307.69	291.63
Investments in Debt & Equity Securities	7,847	6,592	10.66	12.17	1.4	3.04
Other Current Assets	19,410	31,258	10,756	8,615	6,696	5,036
Long-Term Deferred Tax Assets	223.66	275.34	413.63	566.66	834.05	596.13
Other Long-Term Assets	1,192	1,137	1,097	1,068	999.47	923.7
Total Assets	127,378	113,247	89,026	83,334	78,958	80,132
Accounts Payable	-	934.45	232.55	371.54	421.29	125.03
Accrued Expenses	44,938	37,280	27,132	20,422	21,453	20,576
Short-Term Debt	29,625	27,911	22,774	20,721	15,489	21,762
Current Portion of Long-Term Debt	-	-	-	-	320	320
Current Portion of Leases	-	73.92	90.59	100.61	96.92	-
Other Current Liabilities	746.02	720.49	902.77	2,455	1,743	139.2
Long-Term Debt	30,582	24,442	17,455	19,339	18,990	16,085
Long-Term Leases	160.52	101.5	139.55	161.5	177.59	301.56
Long-Term Unearned Revenue	71.53	89.36	83.37	80.46	82.02	76.83
Long-Term Deferred Tax Liabilities	11.49	14.93	-	-	299.83	357.16
Other Long-Term Liabilities	-	992.04	593.72	753.67	1,156	1,609
Total Liabilities	106,256	92,659	69,440	64,435	60,301	61,444
Common Stock	2,340	2,340	2,340	2,340	2,340	2,340
Additional Paid-In Capital	5,747	5,747	5,747	5,747	5,746	5,746
Retained Earnings	12,468	12,052	11,115	10,475	10,041	10,044
Comprehensive Income & Other	105.58	-13.78	-84.12	-83.41	-83.93	-85.54
Total Common Equity	20,661	20,125	19,118	18,479	18,044	18,045
Minority Interest	461.19	463.67	467.2	419.75	613.69	642.81
Shareholders' Equity	21,122	20,589	19,586	18,899	18,657	18,688
Total Liabilities & Equity	127,378	113,247	89,026	83,334	78,958	80,132
Total Debt	60,367	52,528	40,460	40,322	35,073	38,469
Net Cash (Debt)	17,401	805.74	20,221	18,642	21,406	19,609
Net Cash Growth	13.89%	-96.02%	8.47%	-12.91%	9.16%	29.49%
Net Cash Per Share	7.41	0.34	8.56	8.09	9.15	8.38
Filing Date Shares Outstanding	2,340	2,340	2,340	2,340	2,340	2,340
Total Common Shares Outstanding	2,340	2,340	2,340	2,340	2,340	2,340
Working Capital	41,486	36,946	34,926	36,214	36,130	34,202
Book Value Per Share	8.83	8.60	8.17	7.90	7.71	7.71
Tangible Book Value	20,201	19,653	18,627	18,072	17,660	17,678
Tangible Book Value Per Share	8.63	8.40	7.96	7.72	7.55	7.55

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