Nanning Baling Technology 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	75.03	130.17	58.69	150.72	172.51	152.22
Trading Asset Securities	168.64	81.35	46.91	-	-	-
Cash & Short-Term Investments	243.67	211.52	105.6	150.72	172.51	152.22
Cash Growth	50.62%	100.30%	-29.93%	-12.63%	13.33%	375.17%
Accounts Receivable	139.32	172.99	141.13	158.06	112.35	129.38
Other Receivables	2.92	6.14	1.72	1.86	0.5	6.08
Receivables	142.24	179.14	142.85	159.91	112.85	135.46
Inventory	178.35	176.25	160.19	115.65	98.03	136.95
Other Current Assets	95.12	111.41	57.76	43.97	31.3	33.63
Total Current Assets	659.37	678.32	466.4	470.25	414.7	458.25
Property, Plant & Equipment	254.07	231.44	190.94	208.24	252.72	305.14
Long-Term Investments	242.64	242.11	242.15	213.46	367.21	314.07
Goodwill	2.66	2.66	3.6	3.6	3.6	3.6
Other Intangible Assets	63.24	63.79	42.76	43.84	45.54	46.02
Long-Term Deferred Tax Assets	27.08	21.67	16.6	34.91	24.75	20.09
Other Long-Term Assets	72.03	69.55	169.45	144.22	79.42	64.99
Total Assets	1,321	1,310	1,132	1,119	1,188	1,212
Accounts Payable	231.04	236.49	182.07	190.24	219.57	284.29
Accrued Expenses	12.75	30.22	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	0.38	-	-	-	-	-
Current Portion of Leases	-	0.32	0.02	0.29	2.77	2.68
Current Income Taxes Payable	3.69	1.08	0.94	0.31	4.51	5.93
Current Unearned Revenue	2.1	1.85	0.28	0.14	0.38	8.18
Other Current Liabilities	98.23	90.39	27.01	1.59	13.95	2.97
Total Current Liabilities	348.18	368.36	246.11	297.83	423.13	494.44
Long-Term Debt	1.04	1.04	-	-	-	-
Long-Term Leases	-	0.06	0.04	0.05	4.6	4.94
Long-Term Unearned Revenue	3	3.21	4.25	7.15	50.37	50.85
Long-Term Deferred Tax Liabilities	0.07	0	0.04	-	-	-
Total Liabilities	352.29	372.67	250.44	305.03	478.11	550.24
Common Stock	283.33	283.33	283.33	283.33	283.33	283.33
Additional Paid-In Capital	616.31	608.56	1,119	1,096	1,081	1,023
Retained Earnings	311.39	287.19	-293.84	-363.82	-469.32	-482.84
Treasury Stock	-	-	-2.54	-45.55	-64.14	-43.63
Comprehensive Income & Other	-242.23	-242.21	-224.54	-156.8	-65.29	-65.28
Total Common Equity	968.8	936.87	881.46	813.48	765.86	715.03
Minority Interest	-	-	-	-	-56.03	-53.1
Shareholders' Equity	968.8	936.87	881.46	813.48	709.83	661.92
Total Liabilities & Equity	1,321	1,310	1,132	1,119	1,188	1,212
Total Debt	1.41	9.43	0.07	41.39	117.46	124.29
Net Cash (Debt)	242.26	202.1	105.54	109.33	55.05	27.93
Net Cash Growth	50.23%	91.49%	-3.47%	98.58%	97.12%	-
Net Cash Per Share	0.85	0.71	0.39	0.41	0.20	0.10
Filing Date Shares Outstanding	268.93	283.33	269.27	273.19	276.6	279.75
Total Common Shares Outstanding	268.93	283.33	269.27	273.19	276.6	279.75
Working Capital	311.19	309.97	220.3	172.42	-8.43	-36.19
Book Value Per Share	3.60	3.31	3.27	2.98	2.77	2.56
Tangible Book Value	902.91	870.42	835.1	766.04	716.72	665.4
Tangible Book Value Per Share	3.36	3.07	3.10	2.80	2.59	2.38
Buildings	-	220.31	220.32	214.19	212.3	234.63
Machinery	-	398.05	382.67	379.1	275.96	413.85
Construction In Progress	-	51.7	4.3	1.49	2.87	1.99

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