Binhai Investment Company 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	163.27	361.27	733.76	747.68	604.63
Short-Term Investments	31.64	14.52	119.37	3.73	1.97
Cash & Short-Term Investments	194.91	375.79	853.13	751.41	606.6
Cash Growth	-48.13%	-55.95%	13.54%	23.87%	22.15%
Accounts Receivable	176.27	235.11	284.44	231.62	232.9
Other Receivables	83.13	76.3	62.7	68.82	64.92
Receivables	259.39	311.41	347.14	300.44	297.82
Inventory	99.62	91.5	97.91	122.82	117.57
Prepaid Expenses	315.15	276.12	393.21	499.91	341.64
Restricted Cash	0.23	-	-	26.36	9.97
Other Current Assets	12.85	-	10.94	11.39	11.88
Total Current Assets	882.15	1,055	1,702	1,712	1,385
Property, Plant & Equipment	6,065	5,809	5,630	5,356	4,961
Long-Term Investments	310.81	302.71	269.5	69.7	69.77
Goodwill	-	-	21.64	-	-
Other Intangible Assets	62.06	64.23	43.82	45.11	38.78
Long-Term Accounts Receivable	-	-	-	-	24.44
Long-Term Deferred Tax Assets	25.55	28.95	30.31	29.84	37.92
Other Long-Term Assets	50.18	30.72	100.72	368.65	146.14
Total Assets	7,395	7,290	7,798	7,581	6,664
Accounts Payable	686.32	608.92	1,202	1,134	1,187
Accrued Expenses	55.79	38.77	-	-	-
Short-Term Debt	-	-	-	-	29.91
Current Portion of Long-Term Debt	1,128	1,008	1,676	1,394	721.61
Current Portion of Leases	8.46	4.77	6.49	10.58	8.83
Current Income Taxes Payable	55.94	58.18	47.7	28.11	36.03
Current Unearned Revenue	729.14	639.67	745.8	784.92	786.47
Other Current Liabilities	530.29	485.3	-	-	-
Total Current Liabilities	3,194	2,843	3,678	3,352	2,770
Long-Term Debt	1,799	2,124	1,869	2,060	1,824
Long-Term Leases	8.87	6.84	5.82	13.82	8.16
Long-Term Unearned Revenue	135.7	136.65	129.55	124.53	117.69
Long-Term Deferred Tax Liabilities	16.87	11.54	8.75	-	28.27
Other Long-Term Liabilities	-	-	0.1	9.65	23.12
Total Liabilities	5,154	5,123	5,692	5,559	4,771
Common Stock	117.46	117.46	122.81	119.6	110.15
Additional Paid-In Capital	34.05	34.05	37.8	155.07	142.82
Retained Earnings	1,918	1,809	2,002	1,734	1,431
Treasury Stock	-11.6	-6.68	-	-	-
Comprehensive Income & Other	12.75	9.62	-312.59	-258.31	-94.9
Total Common Equity	2,071	1,963	1,850	1,751	1,589
Minority Interest	64.64	77.52	79.12	57.51	57.38
Shareholders' Equity	2,241	2,168	2,106	2,022	1,892
Total Liabilities & Equity	7,395	7,290	7,798	7,581	6,664
Total Debt	2,944	3,144	3,557	3,478	2,593
Net Cash (Debt)	-2,749	-2,768	-2,704	-2,727	-1,986
Net Cash Per Share	-2.00	-2.02	-1.99	-2.01	-1.46
Filing Date Shares Outstanding	1,372	1,377	1,353	1,352	1,352
Total Common Shares Outstanding	1,372	1,377	1,353	1,352	1,352
Working Capital	-2,312	-1,789	-1,976	-1,639	-1,385
Book Value Per Share	1.51	1.43	1.37	1.29	1.18
Tangible Book Value	2,009	1,899	1,785	1,705	1,550
Tangible Book Value Per Share	1.46	1.38	1.32	1.26	1.15
Buildings	-	255.99	317.58	305.17	266.97
Machinery	-	33.87	296.66	278.91	255.23
Construction In Progress	-	1,417	1,255	1,260	1,109

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