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

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