NCS Testing 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	Dec '21 Dec 31, 2021
Cash & Equivalents	167.13	290.22	251.14	263.9	383.02	383.33
Cash & Short-Term Investments	167.13	290.22	251.14	263.9	383.02	383.33
Cash Growth	38.62%	15.56%	-4.84%	-31.10%	-0.08%	-12.96%
Accounts Receivable	557.02	516.65	465.08	357.98	303.27	227.71
Other Receivables	11.27	11.61	6.67	7.03	7.71	10.67
Receivables	568.28	528.25	471.75	365.01	310.97	238.37
Inventory	351.98	319.75	294.06	269.07	206.5	186.61
Prepaid Expenses	-	-	-	-	-	1.88
Other Current Assets	146.49	125.79	101.84	80.73	48.01	22.51
Total Current Assets	1,234	1,264	1,119	978.71	948.51	832.7
Property, Plant & Equipment	837.2	836.98	771.74	717.51	536.84	369.14
Long-Term Investments	-	-	-	-	-	0.01
Other Intangible Assets	8.35	8.63	9.77	10.9	12.03	9.95
Long-Term Deferred Tax Assets	49.98	47.08	92.38	79.31	57.88	47.66
Long-Term Deferred Charges	48.3	51.8	56.17	54.3	59.37	46.97
Other Long-Term Assets	20.21	16.62	45.63	38.41	53.31	68.46
Total Assets	2,198	2,225	2,094	1,879	1,668	1,375
Accounts Payable	161.56	149.29	173.6	223.93	152.6	107.51
Accrued Expenses	36.55	96.44	79.6	77.53	70.73	50.67
Short-Term Debt	2.82	1.34	15.92	-	-	-
Current Portion of Long-Term Debt	65.74	67.44	1.87	-	-	-
Current Portion of Leases	-	-	34.05	26.75	24.46	22.04
Current Income Taxes Payable	6.9	15.02	8.55	3.49	1.27	5.33
Current Unearned Revenue	200.99	198.9	142.99	159.66	126.17	108.87
Other Current Liabilities	110	105.19	110.74	105.61	111.53	16.96
Total Current Liabilities	584.56	633.61	567.32	596.97	486.77	311.38
Long-Term Debt	57.4	57.4	55.11	-	-	-
Long-Term Leases	58.54	46.35	58.54	75.29	92.26	107.66
Long-Term Unearned Revenue	140.32	158.21	153.84	78.25	72.79	74.97
Long-Term Deferred Tax Liabilities	18.92	16.43	67.11	55.91	42.19	32.67
Other Long-Term Liabilities	2.43	2.4	1.94	-	-	-
Total Liabilities	862.17	914.4	903.86	806.42	694.01	526.68
Common Stock	382.73	382.73	383.1	383.18	255.01	248.2
Additional Paid-In Capital	247.11	246.34	238.78	230.46	338.77	281.45
Retained Earnings	739.05	715.47	605.68	498.96	407.48	318.86
Treasury Stock	-19.78	-19.78	-40.81	-60.1	-57.07	-
Comprehensive Income & Other	-0.26	-0.21	-0.23	-0.14	-0.24	-0.29
Total Common Equity	1,349	1,325	1,187	1,052	943.95	848.22
Minority Interest	-13.08	-13.82	4.1	20.37	29.96	-
Shareholders' Equity	1,336	1,311	1,191	1,073	973.91	848.22
Total Liabilities & Equity	2,198	2,225	2,094	1,879	1,668	1,375
Total Debt	184.5	172.53	165.49	102.05	116.72	129.7
Net Cash (Debt)	-17.37	117.69	85.64	161.86	266.3	253.62
Net Cash Growth	-	37.42%	-47.09%	-39.22%	5.00%	-42.41%
Net Cash Per Share	-0.05	0.31	0.23	0.43	0.71	0.68
Filing Date Shares Outstanding	386.62	378.35	369.54	383.02	382.52	372.3
Total Common Shares Outstanding	386.62	378.35	369.54	383.02	382.52	372.3
Working Capital	649.34	630.4	551.48	381.74	461.74	521.32
Book Value Per Share	3.49	3.50	3.21	2.75	2.47	2.28
Tangible Book Value	1,340	1,316	1,177	1,041	931.92	838.26
Tangible Book Value Per Share	3.47	3.48	3.18	2.72	2.44	2.25
Buildings	-	-	282.48	195.09	30.94	30.71
Machinery	-	-	619.45	504.79	355.19	268.32
Construction In Progress	-	-	21.01	106.32	192.07	77.31

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