Nanjing Tanker 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	5,038	4,565	4,391	3,071	2,093	1,186
Cash & Short-Term Investments	5,038	4,565	4,391	3,071	2,093	1,186
Cash Growth	10.61%	3.97%	42.96%	46.73%	76.51%	-25.96%
Accounts Receivable	1,020	828.9	773.83	736.06	924.2	567.03
Other Receivables	16.54	19.48	19.89	46.23	48.36	89.42
Receivables	1,036	848.38	793.72	782.29	972.56	656.45
Inventory	362.72	345.44	326.74	335.55	349.56	293.64
Other Current Assets	35.26	33.14	53.37	24.94	27.86	38.67
Total Current Assets	6,472	5,792	5,565	4,214	3,443	2,175
Property, Plant & Equipment	5,822	6,127	6,501	7,178	6,831	6,243
Other Intangible Assets	13.92	14.45	9.73	8.87	8.81	7.39
Long-Term Deferred Tax Assets	15.48	15.48	10.7	15.54	18.61	24.74
Long-Term Deferred Charges	213	245.94	221.48	228.78	215.1	235.19
Other Long-Term Assets	1,115	1,137	619.66	1.96	2.36	68.41
Total Assets	13,652	13,331	12,927	11,648	10,519	8,754
Accounts Payable	486.56	457.89	349.47	299.75	396.57	327.64
Accrued Expenses	121.84	162.05	199.47	150.01	124.06	113.16
Short-Term Debt	-	-	-	-	-	50.87
Current Portion of Long-Term Debt	271.3	271.3	341.97	242.45	676.03	662.41
Current Portion of Leases	-	-	6.68	62.59	71.46	114.15
Current Income Taxes Payable	76.34	67.65	46.64	57	66.59	13.88
Current Unearned Revenue	0.01	1.01	7.42	13.91	13.93	11.79
Other Current Liabilities	122.48	131.62	62.42	19.23	16.43	2.16
Total Current Liabilities	1,079	1,092	1,014	844.94	1,365	1,296
Long-Term Debt	412.33	425.99	912.28	1,249	1,070	1,192
Long-Term Leases	-	-	-	378.03	517.23	329.97
Long-Term Unearned Revenue	-	-	-	-	2.3	1.63
Pension & Post-Retirement Benefits	-	5.34	5.57	5.77	5.75	5.94
Other Long-Term Liabilities	21.28	16.15	17.83	20.7	25.88	26.5
Total Liabilities	1,512	1,539	1,950	2,498	2,986	2,852
Common Stock	4,680	4,680	4,802	4,853	4,853	4,853
Additional Paid-In Capital	2,482	2,482	4,053	4,053	4,053	4,053
Retained Earnings	4,874	4,442	1,838	16.01	-1,542	-2,975
Comprehensive Income & Other	-53.94	32.96	132.05	80.32	32.81	-160.92
Total Common Equity	11,982	11,637	10,825	9,002	7,397	5,769
Minority Interest	158.01	155.4	152.72	147.53	136.11	132.2
Shareholders' Equity	12,140	11,792	10,977	9,149	7,533	5,901
Total Liabilities & Equity	13,652	13,331	12,927	11,648	10,519	8,754
Total Debt	683.63	697.29	1,261	1,932	2,334	2,349
Net Cash (Debt)	4,354	3,868	3,130	1,140	-241.18	-1,164
Net Cash Growth	24.01%	23.57%	174.64%	-	-	-
Net Cash Per Share	0.92	0.81	0.65	0.23	-0.05	-0.24
Filing Date Shares Outstanding	4,679	4,680	4,802	4,853	4,853	4,853
Total Common Shares Outstanding	4,679	4,680	4,802	4,853	4,853	4,853
Working Capital	5,394	4,700	4,550	3,369	2,078	878.53
Book Value Per Share	2.56	2.49	2.25	1.85	1.52	1.19
Tangible Book Value	11,968	11,622	10,815	8,993	7,388	5,762
Tangible Book Value Per Share	2.56	2.48	2.25	1.85	1.52	1.19
Machinery	-	12,076	12,313	11,835	10,867	10,328
Construction In Progress	-	214.1	46.84	20.62	275.47	208.97

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