Bohai Ferry Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	132.9	200.07	273.76	334.1	155.89	176.09
Short-Term Investments	-	-	-	-	40	70
Cash & Short-Term Investments	132.9	200.07	273.76	334.1	195.89	246.09
Cash Growth	-3.16%	-26.92%	-18.06%	70.56%	-20.40%	-80.20%
Accounts Receivable	138.66	166.83	30.66	6.77	102.86	27.46
Other Receivables	227.55	172.65	124.4	146.51	107.12	88.8
Receivables	366.21	339.48	155.06	256.54	209.98	116.26
Inventory	156.28	158.69	101.55	116.25	119.13	69.77
Other Current Assets	13.92	61.3	6.87	22.11	81.51	141.96
Total Current Assets	669.31	759.54	537.24	729	606.52	574.07
Property, Plant & Equipment	3,110	3,197	3,369	3,766	3,898	4,016
Long-Term Investments	206.41	228.02	287.27	346.92	310.73	317.87
Goodwill	270.76	270.76	270.76	270.76	270.76	270.76
Other Intangible Assets	1.74	1.79	1.87	1.94	2.01	2.09
Long-Term Accounts Receivable	-	-	-	-	1.85	-
Long-Term Deferred Tax Assets	3.28	3.98	4.12	4.76	6.77	12.55
Long-Term Deferred Charges	0.32	0.67	1.43	2.39	3.34	1.72
Other Long-Term Assets	-	2.63	2.13	0.56	0.56	62.77
Total Assets	4,262	4,464	4,474	5,122	5,101	5,258
Accounts Payable	73.17	64.34	42.53	137.77	61.93	51.25
Accrued Expenses	35.13	54.38	49.84	33.34	33.53	23.06
Short-Term Debt	70	190	30	538.5	238.74	247.29
Current Portion of Long-Term Debt	-	-	141.47	127.01	414.46	551.28
Current Portion of Leases	-	0.46	0.44	0.42	0.4	0.39
Current Income Taxes Payable	77.26	21.01	25.36	9.08	26.91	29.71
Current Unearned Revenue	32.48	2.05	0.85	1.34	0.15	2.67
Other Current Liabilities	26.44	129.12	23.66	38.86	53.93	111.76
Total Current Liabilities	314.48	461.37	314.15	886.33	830.05	1,017
Long-Term Debt	-	-	-	133.61	316.17	471.1
Long-Term Leases	-	-	0.46	0.9	1.33	-
Long-Term Unearned Revenue	178.79	185.77	177.85	186.2	139.56	106.03
Long-Term Deferred Tax Liabilities	15	15.94	26.59	33.69	25.9	25.89
Other Long-Term Liabilities	-	-	-	3	18.41	52.74
Total Liabilities	508.26	663.08	519.04	1,244	1,331	1,673
Common Stock	469.14	469.14	469.14	469.14	472.58	472.81
Additional Paid-In Capital	949.94	949.94	949.94	960.1	991.3	987.99
Retained Earnings	2,077	2,181	2,385	2,205	2,109	1,959
Treasury Stock	-	-	-	-	-17.56	-37.06
Comprehensive Income & Other	14.17	6.5	2.23	2.15	2.41	1.71
Total Common Equity	3,510	3,606	3,806	3,636	3,558	3,385
Minority Interest	243.57	195.14	148.99	242.38	211.28	200.06
Shareholders' Equity	3,754	3,801	3,955	3,879	3,769	3,585
Total Liabilities & Equity	4,262	4,464	4,474	5,122	5,101	5,258
Total Debt	70	190.46	172.37	800.44	971.1	1,270
Net Cash (Debt)	62.9	9.61	101.39	-466.35	-775.21	-1,024
Net Cash Growth	-	-90.52%	-	-	-	-
Net Cash Per Share	0.13	0.02	0.21	-1.01	-1.65	-2.18
Filing Date Shares Outstanding	469.14	469.14	469.14	469.14	472.58	472.81
Total Common Shares Outstanding	469.14	469.14	469.14	469.14	472.58	472.81
Working Capital	354.84	298.17	223.09	-157.33	-223.54	-443.33
Book Value Per Share	7.48	7.69	8.11	7.75	7.53	7.16
Tangible Book Value	3,238	3,334	3,533	3,363	3,285	3,112
Tangible Book Value Per Share	6.90	7.11	7.53	7.17	6.95	6.58
Buildings	-	21.65	21.65	20.7	22.2	22.2
Machinery	-	5,314	5,314	5,250	5,361	5,660
Construction In Progress	-	-	-	347.28	349.54	0.59

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