Hainan Airlines Holding 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	11,659	13,546	11,500	8,871	10,638	8,824
Short-Term Investments	-	348.52	270.41	195.83	-	-
Trading Asset Securities	406.79	406.79	408.53	442.31	277.82	5,210
Cash & Short-Term Investments	12,065	14,302	12,179	9,509	10,916	14,034
Cash Growth	14.52%	17.43%	28.08%	-12.89%	-22.21%	9.33%
Accounts Receivable	4,483	4,233	3,628	2,607	1,146	2,136
Other Receivables	8,681	8,751	8,293	10,320	7,281	10,643
Receivables	13,165	12,984	11,922	12,927	8,426	12,779
Inventory	2,525	2,347	2,152	1,509	1,320	1,526
Other Current Assets	4,262	3,919	3,430	3,189	1,904	1,637
Total Current Assets	32,017	33,552	29,683	27,134	22,567	29,975
Property, Plant & Equipment	87,390	87,872	81,891	79,993	89,478	97,694
Long-Term Investments	3,677	5,435	3,540	2,630	2,371	7,736
Goodwill	843.98	843.98	843.98	843.98	843.98	843.98
Other Intangible Assets	1,511	1,520	1,503	1,563	1,558	1,285
Long-Term Deferred Tax Assets	6,243	6,243	6,971	7,049	6,363	-
Long-Term Deferred Charges	951.95	886.99	862.86	1,012	1,021	1,158
Other Long-Term Assets	17,540	15,931	16,412	13,810	13,912	4,561
Total Assets	150,174	152,285	141,707	134,035	138,114	143,255
Accounts Payable	13,209	11,955	11,072	7,066	3,629	2,674
Accrued Expenses	970.93	5,843	6,072	5,357	4,612	5,489
Short-Term Debt	3,148	3,130	2,009	1,606	79.56	-
Current Portion of Long-Term Debt	18,047	6,742	2,838	4,017	4,495	681.97
Current Portion of Leases	-	10,711	9,232	9,453	13,566	9,661
Current Income Taxes Payable	1,264	28.22	80.69	75.74	91.88	96.17
Current Unearned Revenue	3,761	3,016	3,141	2,118	1,655	1,727
Other Current Liabilities	2,181	4,010	2,037	3,215	2,714	2,764
Total Current Liabilities	42,581	45,435	36,482	32,908	30,842	23,093
Long-Term Debt	41,211	41,578	47,518	45,615	46,631	48,714
Long-Term Leases	45,502	46,544	44,077	43,441	49,444	51,321
Long-Term Unearned Revenue	214.71	212.61	22.94	8.12	-	13.12
Long-Term Deferred Tax Liabilities	204.7	204.7	162.74	125.19	181.41	246.03
Other Long-Term Liabilities	13,410	12,936	11,903	10,361	10,556	8,901
Total Liabilities	143,123	146,911	140,166	132,458	137,655	132,288
Common Stock	43,216	43,216	43,216	43,216	43,216	33,243
Additional Paid-In Capital	40,307	40,097	39,411	38,551	37,483	34,709
Retained Earnings	-71,989	-73,715	-75,694	-74,860	-74,223	-49,322
Comprehensive Income & Other	-4,579	-4,334	-4,660	-4,597	-5,311	-10,140
Total Common Equity	6,954	5,265	2,273	2,310	1,164	8,490
Minority Interest	96.69	109.42	-731.6	-732.63	-705.53	2,477
Shareholders' Equity	7,051	5,374	1,541	1,577	458.85	10,967
Total Liabilities & Equity	150,174	152,285	141,707	134,035	138,114	143,255
Total Debt	107,907	108,705	105,674	104,132	114,216	110,378
Net Cash (Debt)	-95,842	-94,404	-93,496	-94,623	-103,300	-96,344
Net Cash Per Share	-2.23	-2.19	-2.13	-2.19	-3.03	-5.31
Filing Date Shares Outstanding	43,216	43,216	43,216	43,216	43,216	33,243
Total Common Shares Outstanding	43,216	43,216	43,216	43,216	43,216	33,243
Working Capital	-10,565	-11,884	-6,799	-5,774	-8,275	6,882
Book Value Per Share	0.16	0.12	0.05	0.05	0.03	0.26
Tangible Book Value	4,600	2,900	-73.83	-97.51	-1,237	6,361
Tangible Book Value Per Share	0.11	0.07	-0.00	-0.00	-0.03	0.19
Buildings	-	9,429	9,199	7,824	7,682	7,679
Machinery	-	65,325	63,338	61,884	62,968	63,212
Construction In Progress	-	6,655	4,990	4,618	4,913	4,450

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