Nanjing Baose 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	532.72	801.63	731.29	172.09	141.48	78.36	Upgrade
Cash & Short-Term Investments	532.72	801.63	731.29	172.09	141.48	78.36	Upgrade
Cash Growth	-27.58%	9.62%	324.95%	21.63%	80.56%	53.02%	Upgrade
Accounts Receivable	1,063	857.49	496.74	590.21	595.03	515.32	Upgrade
Other Receivables	9.9	5.57	9.11	9.51	11.23	5.64	Upgrade
Receivables	1,073	863.06	505.85	599.71	606.26	520.96	Upgrade
Inventory	328.86	260.51	751.14	790.67	582.33	584.68	Upgrade
Other Current Assets	42.53	24.11	124.89	77.86	22.69	17.4	Upgrade
Total Current Assets	1,977	1,949	2,113	1,640	1,353	1,201	Upgrade
Property, Plant & Equipment	329.14	344.55	362.45	379.42	402.45	413.16	Upgrade
Long-Term Investments	-	-	-	-	0.04	0.38	Upgrade
Other Intangible Assets	81.75	82.65	84.82	87.41	88.17	90.27	Upgrade
Long-Term Deferred Tax Assets	34.64	29.46	25.37	25.88	19.67	18.65	Upgrade
Long-Term Deferred Charges	-	-	-	0.27	0.52	-	Upgrade
Other Long-Term Assets	1.26	1.29	2.99	2.81	2.6	2.62	Upgrade
Total Assets	2,424	2,407	2,589	2,136	1,866	1,726	Upgrade
Accounts Payable	529.76	517.94	265.94	440.81	334.68	399.55	Upgrade
Accrued Expenses	26.88	28.4	12.25	10.85	19.97	6.74	Upgrade
Short-Term Debt	-	-	160.13	400.36	401.18	240.32	Upgrade
Current Portion of Long-Term Debt	124.41	23.15	113	-	49.07	-	Upgrade
Current Portion of Leases	-	1.26	0.8	0.79	0.9	-	Upgrade
Current Income Taxes Payable	3.14	3.72	0.02	2.02	-	-	Upgrade
Current Unearned Revenue	117.44	150.64	430.73	429.35	348.33	276.46	Upgrade
Other Current Liabilities	42.3	26.1	58.76	57.91	53.51	37.67	Upgrade
Total Current Liabilities	843.92	751.23	1,042	1,342	1,208	960.74	Upgrade
Long-Term Debt	49	180	114.22	100.1	-	59.98	Upgrade
Long-Term Leases	-	0.65	-	-	1.38	-	Upgrade
Long-Term Unearned Revenue	10.9	13.24	16.36	19.78	23.49	23.99	Upgrade
Long-Term Deferred Tax Liabilities	0.4	0.5	0.37	0.38	-	-	Upgrade
Total Liabilities	925.74	945.61	1,173	1,462	1,233	1,045	Upgrade
Common Stock	246.79	243.62	243.62	202	202	202	Upgrade
Additional Paid-In Capital	910.97	888.12	888.1	224.22	224.22	224.22	Upgrade
Retained Earnings	353.41	325.41	281.37	247.55	207.47	255.56	Upgrade
Comprehensive Income & Other	7.43	4.5	3.14	-	-	-	Upgrade
Shareholders' Equity	1,498	1,462	1,416	673.77	633.69	681.77	Upgrade
Total Liabilities & Equity	2,424	2,407	2,589	2,136	1,866	1,726	Upgrade
Total Debt	173.41	205.06	388.14	501.25	452.53	300.31	Upgrade
Net Cash (Debt)	359.31	596.57	343.14	-329.16	-311.05	-221.95	Upgrade
Net Cash Growth	-33.76%	73.85%	-	-	-	-	Upgrade
Net Cash Per Share	1.46	2.45	1.56	-1.63	-1.54	-1.10	Upgrade
Filing Date Shares Outstanding	246.79	246.79	243.62	202	202	202	Upgrade
Total Common Shares Outstanding	246.79	243.62	243.62	202	202	202	Upgrade
Working Capital	1,133	1,198	1,072	298.24	145.12	240.67	Upgrade
Book Value Per Share	6.07	6.00	5.81	3.34	3.14	3.38	Upgrade
Tangible Book Value	1,417	1,379	1,331	586.36	545.52	591.5	Upgrade
Tangible Book Value Per Share	5.74	5.66	5.47	2.90	2.70	2.93	Upgrade
Buildings	-	394.85	393.57	393.36	391.92	391.74	Upgrade
Machinery	-	283.88	274.46	270.58	265.33	252.71	Upgrade
Construction In Progress	-	-	5.76	-	1.39	0.8	Upgrade

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