North Copper 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	520.46	897.29	888.79	911.43	1,261	1,175
Short-Term Investments	-	-	-	-	12.99	-
Trading Asset Securities	70	-	-	-	-	-
Cash & Short-Term Investments	590.46	897.29	888.79	911.43	1,274	1,175
Cash Growth	-44.47%	0.96%	-2.48%	-28.48%	8.48%	-48.61%
Accounts Receivable	132.42	74.15	57.94	47.4	3.41	0.55
Other Receivables	226.8	184.57	256.42	18.98	6.21	82.4
Receivables	359.23	258.71	314.36	66.38	9.62	82.95
Inventory	9,677	7,308	6,430	4,832	1,677	2,693
Prepaid Expenses	-	0.5	0.63	-	-	0
Other Current Assets	1,025	547.05	1,180	1,083	571.75	583.07
Total Current Assets	11,652	9,011	8,814	6,893	3,533	4,534
Property, Plant & Equipment	8,506	8,549	8,564	8,069	5,691	4,111
Other Intangible Assets	499.71	503.86	440.72	426.56	439.76	230.39
Long-Term Deferred Tax Assets	269.89	206.83	108.58	21.77	14.31	20.7
Long-Term Deferred Charges	4.48	4.92	-	-	-	-
Other Long-Term Assets	72.55	67.26	73.44	65	605.68	201.92
Total Assets	21,005	18,343	18,001	15,476	10,284	9,098
Accounts Payable	1,403	1,382	2,003	1,911	515.92	260.87
Accrued Expenses	39.32	162.03	183.51	140.52	101.01	63.79
Short-Term Debt	4,437	2,293	1,323	1,720	180.45	807.27
Current Portion of Long-Term Debt	2,906	2,185	1,716	488.44	890.24	1,801
Current Portion of Leases	-	3.93	13.81	12.89	12.07	11.54
Current Income Taxes Payable	477.34	101.8	68.44	63.7	3.61	87.6
Current Unearned Revenue	66.14	37.49	47.38	15.26	12.1	9.79
Other Current Liabilities	236.27	642.91	282.97	735.4	84.29	63.95
Total Current Liabilities	9,564	6,809	5,638	5,087	1,800	3,105
Long-Term Debt	3,719	4,419	5,771	5,169	2,829	1,701
Long-Term Leases	54.42	53.85	49.54	63.51	69.66	81.73
Long-Term Unearned Revenue	95.3	96.17	47.59	41.67	18.02	4.73
Long-Term Deferred Tax Liabilities	-	18.33	-	0.11	0.07	-
Other Long-Term Liabilities	135.48	157.95	262.45	198.45	988.7	105.31
Total Liabilities	13,569	11,554	11,769	10,560	5,705	4,999
Common Stock	1,905	1,905	1,905	1,772	1,772	1,772
Additional Paid-In Capital	2,734	2,734	2,734	1,997	2,300	1,923
Retained Earnings	2,755	2,140	1,559	1,124	493.17	339.83
Comprehensive Income & Other	41.82	10.44	34.77	22.9	13.31	64.27
Total Common Equity	7,436	6,789	6,232	4,916	4,579	4,099
Shareholders' Equity	7,436	6,789	6,232	4,916	4,579	4,099
Total Liabilities & Equity	21,005	18,343	18,001	15,476	10,284	9,098
Total Debt	11,116	8,955	8,873	7,454	3,981	4,403
Net Cash (Debt)	-10,526	-8,057	-7,984	-6,543	-2,707	-3,228
Net Cash Per Share	-5.52	-4.23	-4.51	-3.70	-1.53	-1.91
Filing Date Shares Outstanding	1,905	1,905	1,905	1,772	1,772	1,772
Total Common Shares Outstanding	1,905	1,905	1,905	1,772	1,772	1,772
Working Capital	2,087	2,202	3,176	1,807	1,734	1,429
Book Value Per Share	3.90	3.56	3.27	2.77	2.58	2.31
Tangible Book Value	6,936	6,285	5,792	4,489	4,139	3,869
Tangible Book Value Per Share	3.64	3.30	3.04	2.53	2.34	2.18
Buildings	-	5,514	5,557	4,147	3,093	2,952
Machinery	-	5,716	5,388	4,439	1,823	2,509
Construction In Progress	-	473.07	664.6	2,121	2,212	622.32

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