Xi'an NovaStar Tech Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	897.13	925.89	984.91	529.84	416.27	543.85
Trading Asset Securities	72.51	69.33	35.2	-	19.2	19.21
Cash & Short-Term Investments	969.63	995.22	1,020	529.84	435.47	563.06
Cash Growth	-18.85%	-2.44%	92.53%	21.67%	-22.66%	0.84%
Accounts Receivable	1,386	1,586	1,389	1,154	874.47	565.17
Other Receivables	12.39	9.17	6.98	4.71	4.99	4.75
Receivables	1,398	1,595	1,396	1,159	879.47	569.92
Inventory	2,009	1,379	1,576	1,264	828.95	493.75
Prepaid Expenses	-	0.65	1.34	1.24	-	-
Other Current Assets	139.11	103.97	79.66	71.3	45.94	23.68
Total Current Assets	4,516	4,074	4,074	3,025	2,190	1,650
Property, Plant & Equipment	849.09	869.85	842.58	755.8	607.63	339.44
Long-Term Investments	912.98	681.73	396.59	278.28	119.56	105.4
Goodwill	10.98	10.98	18.45	19.76	19.76	19.76
Other Intangible Assets	44.51	43.68	42.49	36.71	34.92	32.52
Long-Term Deferred Tax Assets	29.58	37.55	24.16	19.1	18.24	8.15
Long-Term Deferred Charges	7.6	11.96	10.7	10.66	6.17	2.67
Other Long-Term Assets	43.22	34.96	30.86	28.97	20.67	13.58
Total Assets	6,414	5,765	5,440	4,174	3,017	2,172

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	934.94	674.47	713.25	777.61	558.51	430.3
Accrued Expenses	230.96	345.2	283.72	291.08	184.3	152.63
Short-Term Debt	141.08	276.76	56.84	52.54	90.69	60.06
Current Portion of Long-Term Debt	45.36	21.16	53.83	132.5	48.16	24.18
Current Portion of Leases	-	21.69	20.5	13.23	11.26	9.67
Current Income Taxes Payable	19.88	51.14	30.83	33.67	5.59	5.77
Current Unearned Revenue	84.05	60.15	43.89	41.09	24.8	29.98
Other Current Liabilities	282.64	220.79	213.97	124.13	214.7	135.18
Total Current Liabilities	1,739	1,671	1,417	1,466	1,138	847.77
Long-Term Debt	494.39	241.5	267.97	477.23	277.9	119.5
Long-Term Leases	8.42	15.79	32.11	28.8	31.47	2.69
Long-Term Unearned Revenue	14.38	14.49	13.7	10.67	5.65	3.82
Long-Term Deferred Tax Liabilities	44.58	31.93	29.73	29.84	27.3	19.4
Other Long-Term Liabilities	10	10	10	10	10	10
Total Liabilities	2,311	1,985	1,770	2,022	1,490	1,003

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	92.45	92.45	92.45	38.52	38.52	38.52
Additional Paid-In Capital	2,061	2,080	2,042	591.23	591.23	552.95
Retained Earnings	2,357	2,028	1,550	1,460	852.53	544.23
Treasury Stock	-600.97	-511.4	-85.09	-	-	-
Comprehensive Income & Other	189.64	84.38	62.35	62.65	44.16	33.02
Total Common Equity	4,099	3,774	3,662	2,152	1,526	1,169
Minority Interest	4.1	6.17	7.73	-	-0	-
Shareholders' Equity	4,103	3,780	3,669	2,152	1,526	1,169
Total Liabilities & Equity	6,414	5,765	5,440	4,174	3,017	2,172

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	689.24	576.9	431.25	704.31	459.49	216.1
Net Cash (Debt)	280.39	418.32	588.87	-174.47	-24.02	346.96
Net Cash Growth	-41.73%	-28.96%	-	-	-	-37.86%
Net Cash Per Share	3.12	4.58	6.52	-2.52	-0.35	5.00
Filing Date Shares Outstanding	88.89	88.87	91.42	92.45	69.34	69.34
Total Common Shares Outstanding	88.89	89.35	91.99	69.34	69.34	69.34
Working Capital	2,777	2,403	2,657	1,559	1,052	802.62
Book Value Per Share	46.11	42.24	39.80	31.04	22.02	16.86
Tangible Book Value	4,044	3,719	3,601	2,096	1,472	1,116
Tangible Book Value Per Share	45.49	41.62	39.14	30.22	21.23	16.10
Buildings	-	803.11	566.09	349.73	75.8	75.8
Machinery	-	199.24	174.73	126.42	87.9	55.71
Construction In Progress	-	-	168.77	312.83	450.54	226.77