Nanjing Baose 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	611.93	801.63	731.29	172.09	141.48
Cash & Short-Term Investments	611.93	801.63	731.29	172.09	141.48
Cash Growth	-23.66%	9.62%	324.95%	21.63%	80.56%
Accounts Receivable	1,099	857.49	496.74	590.21	595.03
Other Receivables	23.41	5.57	9.11	9.51	11.23
Receivables	1,122	863.06	505.85	599.71	606.26
Inventory	346.71	260.51	751.14	790.67	582.33
Other Current Assets	48.42	24.11	124.89	77.86	22.69
Total Current Assets	2,129	1,949	2,113	1,640	1,353
Property, Plant & Equipment	338.21	344.55	362.45	379.42	402.45
Long-Term Investments	-	-	-	-	0.04
Other Intangible Assets	81.91	82.65	84.82	87.41	88.17
Long-Term Deferred Tax Assets	34.05	29.46	25.37	25.88	19.67
Long-Term Deferred Charges	-	-	-	0.27	0.52
Other Long-Term Assets	3.47	1.29	2.99	2.81	2.6
Total Assets	2,587	2,407	2,589	2,136	1,866
Accounts Payable	648.8	517.94	265.94	440.81	334.68
Accrued Expenses	20.95	28.4	12.25	10.85	19.97
Short-Term Debt	-	-	160.13	400.36	401.18
Current Portion of Long-Term Debt	124.12	23.15	113	-	49.07
Current Portion of Leases	0.65	1.26	0.8	0.79	0.9
Current Income Taxes Payable	3.12	3.72	0.02	2.02	-
Current Unearned Revenue	185.08	150.64	430.73	429.35	348.33
Other Current Liabilities	44.91	26.1	58.76	57.91	53.51
Total Current Liabilities	1,028	751.23	1,042	1,342	1,208
Long-Term Debt	48	180	114.22	100.1	-
Long-Term Leases	-	0.65	-	-	1.38
Long-Term Unearned Revenue	11.03	13.24	16.36	19.78	23.49
Long-Term Deferred Tax Liabilities	0.29	0.5	0.37	0.38	-
Total Liabilities	1,087	945.61	1,173	1,462	1,233
Common Stock	246.79	243.62	243.62	202	202
Additional Paid-In Capital	909.8	888.12	888.1	224.22	224.22
Retained Earnings	357.5	325.41	281.37	247.55	207.47
Treasury Stock	-20.14	-	-	-	-
Comprehensive Income & Other	6.14	4.5	3.14	-	-
Shareholders' Equity	1,500	1,462	1,416	673.77	633.69
Total Liabilities & Equity	2,587	2,407	2,589	2,136	1,866
Total Debt	172.76	205.06	388.14	501.25	452.53
Net Cash (Debt)	439.17	596.57	343.14	-329.16	-311.05
Net Cash Growth	-26.38%	73.85%	-	-	-
Net Cash Per Share	1.80	2.45	1.56	-1.63	-1.54
Filing Date Shares Outstanding	246.79	246.79	243.62	202	202
Total Common Shares Outstanding	246.79	243.62	243.62	202	202
Working Capital	1,102	1,198	1,072	298.24	145.12
Book Value Per Share	6.08	6.00	5.81	3.34	3.14
Tangible Book Value	1,418	1,379	1,331	586.36	545.52
Tangible Book Value Per Share	5.75	5.66	5.47	2.90	2.70
Buildings	395.22	394.85	393.57	393.36	391.92
Machinery	294.99	283.88	274.46	270.58	265.33
Construction In Progress	6.08	-	5.76	-	1.39

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