Ningbo Cixing 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	288.02	342.21	328.04	556.64	474.6
Short-Term Investments	283.4	176.36	104.24	-	-
Trading Asset Securities	-	1.03	0.38	-	65.61
Cash & Short-Term Investments	571.42	519.6	432.66	556.64	540.2
Cash Growth	9.97%	20.09%	-22.27%	3.04%	-32.47%
Accounts Receivable	794.26	825.21	950.19	982.91	835.75
Other Receivables	69.44	118.42	133.44	78.48	83.28
Receivables	863.71	943.63	1,084	1,061	919.03
Inventory	1,106	1,335	1,087	913.01	783.64
Prepaid Expenses	5.73	15.05	27.29	21.65	30.24
Other Current Assets	14.89	22.62	16.62	37.07	31.58
Total Current Assets	2,562	2,836	2,647	2,590	2,305
Property, Plant & Equipment	827.59	919.37	891.54	968.83	1,030
Long-Term Investments	484.85	429.89	715.1	373.09	287.33
Goodwill	0.17	0.17	0.17	0.17	0.17
Other Intangible Assets	179.58	169.41	173.26	177.4	181.25
Long-Term Accounts Receivable	288.43	291.01	289.63	222.5	168.15
Long-Term Deferred Tax Assets	71.88	63.68	57.88	65.6	64.17
Long-Term Deferred Charges	6.82	12.25	8.6	19.43	18.83
Other Long-Term Assets	0.5	243.2	7.29	4.16	0.02
Total Assets	4,422	4,965	4,791	4,421	4,055
Accounts Payable	529.98	923.79	867.69	801.24	682.83
Accrued Expenses	107.24	98.49	113.43	90.61	116.69
Short-Term Debt	256.05	388.17	566.01	537.97	392.64
Current Portion of Leases	4.93	6.44	4.01	1.71	4.17
Current Income Taxes Payable	34.62	33.92	22.83	30.41	15.84
Current Unearned Revenue	189.59	215.59	207.05	145.44	91.72
Other Current Liabilities	44.09	38.01	61.74	82.89	87.17
Total Current Liabilities	1,166	1,704	1,843	1,690	1,391
Long-Term Leases	9.79	25.83	4.42	0.86	2.95
Long-Term Unearned Revenue	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	42.33	36.1	21.79	2.1	15.05
Total Liabilities	1,222	1,770	1,875	1,710	1,433
Common Stock	800.55	794.25	787.8	780.54	780.54
Additional Paid-In Capital	2,003	1,977	1,943	1,875	1,869
Retained Earnings	389.04	378.45	173.4	59.33	-31.93
Comprehensive Income & Other	14.99	55.27	53.47	35.7	30.08
Total Common Equity	3,207	3,205	2,957	2,750	2,648
Minority Interest	-6.91	-9.84	-41.47	-39.79	-25.6
Shareholders' Equity	3,200	3,195	2,916	2,711	2,622
Total Liabilities & Equity	4,422	4,965	4,791	4,421	4,055
Total Debt	270.77	420.44	574.45	540.54	399.76
Net Cash (Debt)	300.65	99.17	-141.79	16.1	140.45
Net Cash Growth	203.17%	-	-	-88.53%	-74.84%
Net Cash Per Share	0.37	0.13	-0.19	0.02	0.18
Filing Date Shares Outstanding	800.55	794.25	787.8	780.54	780.54
Total Common Shares Outstanding	800.55	794.25	787.8	780.54	780.54
Working Capital	1,396	1,132	804.41	899.48	913.65
Book Value Per Share	4.01	4.04	3.75	3.52	3.39
Tangible Book Value	3,027	3,035	2,784	2,573	2,466
Tangible Book Value Per Share	3.78	3.82	3.53	3.30	3.16
Buildings	1,124	1,121	1,122	1,117	1,116
Machinery	253.86	296.78	246.07	274.46	265.5
Construction In Progress	15.68	9.97	0.96	2.1	2.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.