Nanning Baling Technology 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	130.17	58.69	150.72	172.51	152.22
Trading Asset Securities	81.35	46.91	-	-	-
Cash & Short-Term Investments	211.52	105.6	150.72	172.51	152.22
Cash Growth	100.30%	-29.93%	-12.63%	13.33%	375.17%
Accounts Receivable	172.99	141.13	158.06	112.35	129.38
Other Receivables	6.14	1.72	1.86	0.5	6.08
Receivables	179.14	142.85	159.91	112.85	135.46
Inventory	176.25	160.19	115.65	98.03	136.95
Other Current Assets	111.41	57.76	43.97	31.3	33.63
Total Current Assets	678.32	466.4	470.25	414.7	458.25
Property, Plant & Equipment	231.44	190.94	208.24	252.72	305.14
Long-Term Investments	242.11	242.15	213.46	367.21	314.07
Goodwill	2.66	3.6	3.6	3.6	3.6
Other Intangible Assets	63.79	42.76	43.84	45.54	46.02
Long-Term Deferred Tax Assets	21.67	16.6	34.91	24.75	20.09
Other Long-Term Assets	69.55	169.45	144.22	79.42	64.99
Total Assets	1,310	1,132	1,119	1,188	1,212
Accounts Payable	236.49	182.07	190.24	219.57	284.29
Accrued Expenses	23.19	35.79	64.21	71.87	73.74
Short-Term Debt	8.01	-	41.06	110.08	116.66
Current Portion of Long-Term Debt	0.32	-	-	-	-
Current Portion of Leases	-	0.02	0.29	2.77	2.68
Current Income Taxes Payable	4.79	0.94	0.31	4.51	5.93
Current Unearned Revenue	1.85	0.28	0.14	0.38	8.18
Other Current Liabilities	93.72	27.01	1.59	13.95	2.97
Total Current Liabilities	368.36	246.11	297.83	423.13	494.44
Long-Term Debt	1.04	-	-	-	-
Long-Term Leases	0.06	0.04	0.05	4.6	4.94
Long-Term Unearned Revenue	3.21	4.25	7.15	50.37	50.85
Long-Term Deferred Tax Liabilities	0	0.04	-	-	-
Total Liabilities	372.67	250.44	305.03	478.11	550.24
Common Stock	283.33	283.33	283.33	283.33	283.33
Additional Paid-In Capital	608.56	1,119	1,096	1,081	1,023
Retained Earnings	287.19	-293.84	-363.82	-469.32	-482.84
Treasury Stock	-	-2.54	-45.55	-64.14	-43.63
Comprehensive Income & Other	-242.21	-224.54	-156.8	-65.29	-65.28
Total Common Equity	936.87	881.46	813.48	765.86	715.03
Minority Interest	-	-	-	-56.03	-53.1
Shareholders' Equity	936.87	881.46	813.48	709.83	661.92
Total Liabilities & Equity	1,310	1,132	1,119	1,188	1,212
Total Debt	9.43	0.07	41.39	117.46	124.29
Net Cash (Debt)	202.1	105.54	109.33	55.05	27.93
Net Cash Growth	91.49%	-3.47%	98.58%	97.12%	-
Net Cash Per Share	0.71	0.39	0.41	0.20	0.10
Filing Date Shares Outstanding	291.28	269.27	273.19	276.6	279.75
Total Common Shares Outstanding	291.28	269.27	273.19	276.6	279.75
Working Capital	309.97	220.3	172.42	-8.43	-36.19
Book Value Per Share	3.22	3.27	2.98	2.77	2.56
Tangible Book Value	870.42	835.1	766.04	716.72	665.4
Tangible Book Value Per Share	2.99	3.10	2.80	2.59	2.38
Buildings	-	220.32	214.19	212.3	234.63
Machinery	-	382.67	379.1	275.96	413.85
Construction In Progress	-	4.3	1.49	2.87	1.99

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