Naipu Mining Machinery 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	1,054	768.81	521.68	715.12	539.09	483.9
Short-Term Investments	-	-	-	-	85	-
Trading Asset Securities	-	-	-	85.06	48.72	246.88
Cash & Short-Term Investments	1,054	768.81	521.68	800.18	672.8	730.78
Cash Growth	97.89%	47.37%	-34.80%	18.93%	-7.93%	-3.25%
Accounts Receivable	337.22	352.95	287.13	190.21	179.79	111.27
Other Receivables	14.67	84.58	59.73	47.02	43.55	39.28
Receivables	351.89	437.53	346.86	237.23	223.34	150.55
Inventory	386.28	340.37	264.59	252.75	241.04	202.41
Prepaid Expenses	-	0.4	0.7	1.3	0.93	0.29
Other Current Assets	118.27	36.37	21.66	81.08	30.11	40.36
Total Current Assets	1,910	1,583	1,155	1,373	1,168	1,124
Property, Plant & Equipment	1,557	1,540	1,171	837.42	797.65	579.84
Long-Term Investments	28.97	30.34	29.15	36.17	37.89	40.17
Goodwill	0.37	0.37	0.37	0.37	0.37	-
Other Intangible Assets	144.22	149.59	136.4	74.24	54.77	69.53
Long-Term Deferred Tax Assets	44.81	39.74	31.46	22.15	13.12	6.45
Long-Term Deferred Charges	4.5	2.35	1.09	2.53	3.97	1.08
Other Long-Term Assets	70.45	8.9	47.32	41.82	15.45	97.39
Total Assets	3,760	3,355	2,573	2,387	2,091	1,919
Accounts Payable	410.61	381.77	335.55	300.67	286.61	170.96
Accrued Expenses	13.06	22.06	17.49	11.99	7.35	5.7
Short-Term Debt	231.94	308.35	87.01	41.05	55.94	37.64
Current Portion of Long-Term Debt	-	131.72	36	14	30	-
Current Portion of Leases	-	2.91	2.43	2.05	2.82	0.92
Current Income Taxes Payable	-	5.27	12.83	11.03	1.56	17.19
Current Unearned Revenue	27.32	21.59	14.15	215.51	74.58	23.96
Other Current Liabilities	159.4	18.7	25.67	19.46	4.2	3.75
Total Current Liabilities	842.33	892.36	531.14	615.75	463.07	260.12
Long-Term Debt	918.18	537.9	381.02	376.16	304.35	309.56
Long-Term Leases	0.13	0.86	2.71	4.51	5.24	-
Long-Term Unearned Revenue	42.44	43.81	42.57	17.75	20.05	21.74
Long-Term Deferred Tax Liabilities	43.68	26.14	21.79	28.95	30.66	23.89
Other Long-Term Liabilities	-	-	-	-	-	189.8
Total Liabilities	1,847	1,501	979.23	1,043	823.36	805.1
Common Stock	168.77	168.77	158.11	105.01	70	70
Additional Paid-In Capital	736.47	736.41	529.87	311.47	321.81	353.16
Retained Earnings	914.25	922.72	856.76	818.6	766.53	632.29
Treasury Stock	-	-	-2.25	-4.5	-	-45.68
Comprehensive Income & Other	79.39	11.12	37.11	101.96	101.16	98.83
Total Common Equity	1,899	1,839	1,580	1,333	1,260	1,109
Minority Interest	14.73	15.02	13.73	11.55	8.57	5.16
Shareholders' Equity	1,914	1,854	1,593	1,344	1,268	1,114
Total Liabilities & Equity	3,760	3,355	2,573	2,387	2,091	1,919
Total Debt	1,150	981.74	509.16	437.76	398.35	348.12
Net Cash (Debt)	-96.39	-212.92	12.52	362.42	274.46	382.66
Net Cash Growth	-	-	-96.55%	32.05%	-28.28%	-47.70%
Net Cash Per Share	-0.57	-1.27	0.08	2.50	1.90	2.62
Filing Date Shares Outstanding	168.78	168.77	157.19	146.1	147	143.85
Total Common Shares Outstanding	168.78	168.77	157.19	146.1	147	143.85
Working Capital	1,068	691.12	624.36	756.78	705.14	864.27
Book Value Per Share	11.25	10.90	10.05	9.12	8.57	7.71
Tangible Book Value	1,754	1,689	1,443	1,258	1,204	1,039
Tangible Book Value Per Share	10.39	10.01	9.18	8.61	8.19	7.22
Buildings	-	1,007	693.57	535.8	546.2	270.64
Machinery	-	504.12	295.13	238.83	213.81	132.78
Construction In Progress	-	327.79	309.98	133.41	63.73	246.83

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