Ningbo Exciton Technology 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	501.66	556.67	681.22	913.3	841.71	1,088
Short-Term Investments	-	-	-	30	-	-
Trading Asset Securities	92.19	24.84	-	0.75	0.77	1.01
Cash & Short-Term Investments	593.85	581.51	681.22	944.05	842.48	1,089
Cash Growth	-17.09%	-14.64%	-27.84%	12.06%	-22.66%	216.40%
Accounts Receivable	1,023	1,099	1,062	1,019	866.83	833.72
Other Receivables	2.44	1.73	2.11	2.51	10.22	13.82
Receivables	1,025	1,101	1,064	1,022	877.05	847.54
Inventory	328.53	285.19	375.6	436.19	463.49	438.09
Other Current Assets	45.29	43.61	53.53	40.3	65.42	45.5
Total Current Assets	1,993	2,011	2,175	2,442	2,248	2,420
Property, Plant & Equipment	915.66	930.45	930.65	929.36	850.02	671.15
Long-Term Investments	382.45	384.78	335.68	326.86	212.66	164.69
Goodwill	34.66	34.66	34.66	34.66	34.93	34.66
Other Intangible Assets	134.7	135.39	139.69	143.69	140.36	144.38
Long-Term Deferred Tax Assets	21.52	21.04	15.23	25.73	41.94	39.34
Long-Term Deferred Charges	16.33	17.45	18.51	19.76	16.3	11.99
Other Long-Term Assets	18.5	22.73	34.36	33.53	28.84	22.22
Total Assets	3,517	3,558	3,683	3,956	3,573	3,509
Accounts Payable	801.15	778.45	861.86	955.63	871.64	819.21
Accrued Expenses	43.76	57.14	43.8	42.21	40.85	43.79
Short-Term Debt	234.46	250.05	390.85	673.92	665.88	697.36
Current Portion of Long-Term Debt	-	56.52	115.84	40	100	40
Current Portion of Leases	-	-	-	0.38	2.58	5.08
Current Income Taxes Payable	-	9.07	9.19	2.77	1.31	0.43
Current Unearned Revenue	7.66	7.67	6.25	3.82	2.49	4.83
Other Current Liabilities	37.59	22.11	33.75	70.35	56.15	22.1
Total Current Liabilities	1,125	1,181	1,462	1,789	1,741	1,633
Long-Term Debt	76.56	119.06	138.16	226	28.5	70
Long-Term Leases	-	-	-	-	0.36	1.56
Long-Term Unearned Revenue	62.85	63.62	71.77	68.88	79.45	73.73
Long-Term Deferred Tax Liabilities	16.61	16.51	13.2	10.59	0.33	6.83
Total Liabilities	1,281	1,380	1,685	2,095	1,850	1,785
Common Stock	262.1	263.74	263.74	263.74	263.74	262.09
Additional Paid-In Capital	787.85	817.14	813.99	789.67	810.63	844.45
Retained Earnings	1,065	1,008	856.72	705.72	572.23	540.12
Treasury Stock	-30	-60.93	-60.93	-30.93	-9.94	-
Comprehensive Income & Other	141.57	142	120.57	107.64	45.49	36.61
Total Common Equity	2,227	2,170	1,994	1,836	1,682	1,683
Minority Interest	9.05	7.2	4.72	25.57	41.79	40.69
Shareholders' Equity	2,236	2,178	1,999	1,861	1,724	1,724
Total Liabilities & Equity	3,517	3,558	3,683	3,956	3,573	3,509
Total Debt	311.02	425.63	644.85	940.31	797.32	814
Net Cash (Debt)	282.83	155.87	36.37	3.74	45.16	275.34
Net Cash Growth	816.72%	328.53%	873.16%	-91.72%	-83.60%	-
Net Cash Per Share	1.09	0.60	0.14	0.01	0.17	1.18
Filing Date Shares Outstanding	258.88	259.72	259.72	261.29	263.11	262.09
Total Common Shares Outstanding	258.88	259.72	259.72	262.1	263.11	262.09
Working Capital	868.19	830.28	713.15	653.28	507.54	787.67
Book Value Per Share	8.60	8.36	7.68	7.00	6.39	6.42
Tangible Book Value	2,058	2,000	1,820	1,657	1,507	1,504
Tangible Book Value Per Share	7.95	7.70	7.01	6.32	5.73	5.74
Land	-	34.7	-	-	-	-
Buildings	-	628.44	583.7	554.56	371.3	329.93
Machinery	-	799.99	728.5	654.16	571.17	496.17
Construction In Progress	-	59.23	118.95	135.74	249.53	124.65

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