Shanghai NAR Industrial Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	664.44	595.11	554.88	456.43	519.62	242.8
Short-Term Investments	-	-	1.6	-	-	-
Trading Asset Securities	106.06	30.36	106.24	90.11	116.21	146.9
Cash & Short-Term Investments	770.51	625.47	662.72	546.54	635.83	389.7
Cash Growth	11.05%	-5.62%	21.26%	-14.04%	63.16%	8.44%
Accounts Receivable	384.33	362.22	220.58	157.76	205.86	139.52
Other Receivables	27.76	6.98	11.14	14.96	14.79	16.67
Receivables	412.09	369.2	231.72	172.71	220.65	156.2
Inventory	227.39	234.23	212.83	148.51	264.84	174
Other Current Assets	101.2	114.48	77.18	47.17	41.95	41.04
Total Current Assets	1,511	1,343	1,184	914.93	1,163	760.94
Property, Plant & Equipment	649.82	655.56	650.91	526.65	398.15	297.92
Long-Term Investments	419.36	432.02	446.82	408.28	13.74	13.96
Goodwill	-	-	-	7.41	74.43	74.43
Other Intangible Assets	82.86	80.51	81.08	83.61	61.69	44.19
Long-Term Accounts Receivable	-	-	-	1.91	-	-
Long-Term Deferred Tax Assets	26.19	25.06	17.82	13.79	13.83	3.52
Long-Term Deferred Charges	17.11	7.34	7.74	7.79	2.52	16.43
Other Long-Term Assets	78.07	9.68	1.85	4.53	16.94	9.9
Total Assets	2,785	2,554	2,391	1,969	1,745	1,221
Accounts Payable	526.61	557.86	484.29	293.29	376.68	288.35
Accrued Expenses	29.42	35.42	28.18	29.37	44.13	29.19
Short-Term Debt	362.1	241.01	125.98	101.62	51	-
Current Portion of Long-Term Debt	-	-	1.62	-	-	-
Current Portion of Leases	1.5	2.5	1.57	3.44	11.47	-
Current Income Taxes Payable	8.69	1.68	9.36	5.21	6.57	6.35
Current Unearned Revenue	22.05	27.84	25.65	16.32	52.94	33.75
Other Current Liabilities	86.49	45.83	46.27	32.74	7.08	3.09
Total Current Liabilities	1,037	912.13	722.91	481.98	549.89	360.73
Long-Term Debt	-	-	108.06	-	-	-
Long-Term Leases	17.23	17.95	18.74	21.22	24.57	-
Long-Term Unearned Revenue	54.46	54.81	50.53	25.28	19.81	1.87
Long-Term Deferred Tax Liabilities	35.75	40.35	40.35	42.94	5.1	0.36
Total Liabilities	1,144	1,025	940.59	571.43	599.37	362.96
Common Stock	341.54	342.03	342.21	244.66	171.4	146.94
Additional Paid-In Capital	413.06	382.58	375.09	440.46	475.67	226.01
Retained Earnings	927.54	823.92	754.6	727.39	418.26	425.09
Treasury Stock	-61.76	-29.22	-18.15	-24.5	-	-
Comprehensive Income & Other	-0.92	-0.6	-10.36	-10.39	-10.4	-10.04
Total Common Equity	1,619	1,519	1,443	1,378	1,055	788
Minority Interest	20.83	9.59	6.7	19.84	90.26	70.33
Shareholders' Equity	1,640	1,528	1,450	1,397	1,145	858.33
Total Liabilities & Equity	2,785	2,554	2,391	1,969	1,745	1,221
Total Debt	380.84	261.46	255.96	126.29	87.04	-
Net Cash (Debt)	389.67	364.01	406.76	420.25	548.78	389.7
Net Cash Growth	5.07%	-10.51%	-3.21%	-23.42%	40.82%	8.44%
Net Cash Per Share	1.18	1.09	1.22	1.24	1.65	1.35
Filing Date Shares Outstanding	354.02	338.3	339.44	342.44	335.86	287.94
Total Common Shares Outstanding	354.02	338.3	339.44	342.44	335.86	287.94
Working Capital	474.32	431.24	461.54	432.95	613.37	400.21
Book Value Per Share	4.57	4.49	4.25	4.02	3.14	2.74
Tangible Book Value	1,537	1,438	1,362	1,287	918.82	669.38
Tangible Book Value Per Share	4.34	4.25	4.01	3.76	2.74	2.32
Buildings	-	415.72	405.61	186.35	164.61	161.55
Machinery	-	445.88	384.77	263.31	282.82	255.11
Construction In Progress	-	31.21	40.86	222.29	64.72	12.05

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