Ningbo Cixing 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	402.46	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	402.46	571.42	519.6	432.66	556.64	540.2
Cash Growth	29.28%	9.97%	20.09%	-22.27%	3.04%	-32.47%
Accounts Receivable	327.9	794.26	825.21	950.19	982.91	835.75
Other Receivables	47.09	69.44	118.42	133.44	78.48	83.28
Receivables	374.99	863.71	943.63	1,084	1,061	919.03
Inventory	1,102	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	714.12	14.89	22.62	16.62	37.07	31.58
Total Current Assets	2,593	2,562	2,836	2,647	2,590	2,305
Property, Plant & Equipment	831.31	827.59	919.37	891.54	968.83	1,030
Long-Term Investments	490.48	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	178.37	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	72.03	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	306.81	0.5	243.2	7.29	4.16	0.02
Total Assets	4,479	4,422	4,965	4,791	4,421	4,055
Accounts Payable	655.32	529.98	923.79	867.69	801.24	682.83
Accrued Expenses	34.47	107.24	98.49	113.43	90.61	116.69
Short-Term Debt	42.18	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	90.6	34.62	33.92	22.83	30.41	15.84
Current Unearned Revenue	253.8	189.59	215.59	207.05	145.44	91.72
Other Current Liabilities	55.53	44.09	38.01	61.74	82.89	87.17
Total Current Liabilities	1,137	1,166	1,704	1,843	1,690	1,391
Long-Term Leases	9.12	9.79	25.83	4.42	0.86	2.95
Long-Term Unearned Revenue	2.95	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	38.24	42.33	36.1	21.79	2.1	15.05
Total Liabilities	1,187	1,222	1,770	1,875	1,710	1,433
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	479.76	389.04	378.45	173.4	59.33	-31.93
Comprehensive Income & Other	16.03	14.99	55.27	53.47	35.7	30.08
Total Common Equity	3,299	3,207	3,205	2,957	2,750	2,648
Minority Interest	-6.77	-6.91	-9.84	-41.47	-39.79	-25.6
Shareholders' Equity	3,292	3,200	3,195	2,916	2,711	2,622
Total Liabilities & Equity	4,479	4,422	4,965	4,791	4,421	4,055
Total Debt	56.23	270.77	420.44	574.45	540.54	399.76
Net Cash (Debt)	346.23	300.65	99.17	-141.79	16.1	140.45
Net Cash Growth	-	203.17%	-	-	-88.53%	-74.84%
Net Cash Per Share	0.42	0.37	0.13	-0.19	0.02	0.18
Filing Date Shares Outstanding	824.76	800.55	794.25	787.8	780.54	780.54
Total Common Shares Outstanding	824.76	800.55	794.25	787.8	780.54	780.54
Working Capital	1,457	1,396	1,132	804.41	899.48	913.65
Book Value Per Share	4.00	4.01	4.04	3.75	3.52	3.39
Tangible Book Value	3,120	3,027	3,035	2,784	2,573	2,466
Tangible Book Value Per Share	3.78	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

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