Ningbo Cixing Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	707	288.02	342.21	328.04	556.64	474.6
Short-Term Investments	52.03	283.4	176.36	104.24	-	-
Trading Asset Securities	-	-	1.03	0.38	-	65.61
Cash & Short-Term Investments	759.03	571.42	519.6	432.66	556.64	540.2
Cash Growth	36.61%	9.97%	20.09%	-22.27%	3.04%	-32.47%
Accounts Receivable	986.8	794.26	825.21	950.19	982.91	835.75
Other Receivables	26.07	69.44	118.42	133.44	78.48	83.28
Receivables	1,013	863.71	943.63	1,084	1,061	919.03
Inventory	1,027	1,106	1,335	1,087	913.01	783.64
Prepaid Expenses	11.83	5.73	15.05	27.29	21.65	30.24
Other Current Assets	102.48	14.89	22.62	16.62	37.07	31.58
Total Current Assets	2,913	2,562	2,836	2,647	2,590	2,305
Property, Plant & Equipment	853.52	827.59	919.37	891.54	968.83	1,030
Long-Term Investments	471.03	484.85	429.89	715.1	373.09	287.33
Goodwill	0.17	0.17	0.17	0.17	0.17	0.17
Other Intangible Assets	177.42	179.58	169.41	173.26	177.4	181.25
Long-Term Accounts Receivable	339.78	288.43	291.01	289.63	222.5	168.15
Long-Term Deferred Tax Assets	77.39	71.88	63.68	57.88	65.6	64.17
Long-Term Deferred Charges	6.67	6.82	12.25	8.6	19.43	18.83
Other Long-Term Assets	116.25	0.5	243.2	7.29	4.16	0.02
Total Assets	4,955	4,422	4,965	4,791	4,421	4,055

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	913.79	529.98	923.79	867.69	801.24	682.83
Accrued Expenses	105.29	107.24	98.49	113.43	90.61	116.69
Short-Term Debt	45.16	256.05	388.17	566.01	537.97	392.64
Current Portion of Leases	3.45	4.93	6.44	4.01	1.71	4.17
Current Income Taxes Payable	43.9	34.62	33.92	22.83	30.41	15.84
Current Unearned Revenue	259.62	189.59	215.59	207.05	145.44	91.72
Other Current Liabilities	49.23	44.09	38.01	61.74	82.89	87.17
Total Current Liabilities	1,420	1,166	1,704	1,843	1,690	1,391
Long-Term Leases	8.43	9.79	25.83	4.42	0.86	2.95
Long-Term Unearned Revenue	2.76	3.13	3.86	5.95	10.38	17.91
Long-Term Deferred Tax Liabilities	-	-	0.01	-	6.73	5.6
Other Long-Term Liabilities	32.57	42.33	36.1	21.79	2.1	15.05
Total Liabilities	1,601	1,222	1,770	1,875	1,710	1,433

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	800.55	800.55	794.25	787.8	780.54	780.54
Additional Paid-In Capital	2,003	2,003	1,977	1,943	1,875	1,869
Retained Earnings	546.33	389.04	378.45	173.4	59.33	-31.93
Comprehensive Income & Other	11.95	14.99	55.27	53.47	35.7	30.08
Total Common Equity	3,361	3,207	3,205	2,957	2,750	2,648
Minority Interest	-7.14	-6.91	-9.84	-41.47	-39.79	-25.6
Shareholders' Equity	3,354	3,200	3,195	2,916	2,711	2,622
Total Liabilities & Equity	4,955	4,422	4,965	4,791	4,421	4,055

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	193.7	270.77	420.44	574.45	540.54	399.76
Net Cash (Debt)	565.33	300.65	99.17	-141.79	16.1	140.45
Net Cash Growth	149.65%	203.17%	-	-	-88.53%	-74.84%
Net Cash Per Share	0.71	0.37	0.13	-0.19	0.02	0.18
Filing Date Shares Outstanding	800.55	800.55	794.25	787.8	780.54	780.54
Total Common Shares Outstanding	800.55	800.55	794.25	787.8	780.54	780.54
Working Capital	1,493	1,396	1,132	804.41	899.48	913.65
Book Value Per Share	4.20	4.01	4.04	3.75	3.52	3.39
Tangible Book Value	3,184	3,027	3,035	2,784	2,573	2,466
Tangible Book Value Per Share	3.98	3.78	3.82	3.53	3.30	3.16
Buildings	1,124	1,124	1,121	1,122	1,117	1,116
Machinery	270.19	253.86	296.78	246.07	274.46	265.5
Construction In Progress	61.83	15.68	9.97	0.96	2.1	2.42