Bohai Ferry Group 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	407.29	87.89	200.07	273.76	334.1	155.89
Short-Term Investments	-	-	-	-	-	40
Cash & Short-Term Investments	407.29	87.89	200.07	273.76	334.1	195.89
Cash Growth	206.46%	-56.07%	-26.92%	-18.06%	70.56%	-20.40%
Accounts Receivable	42.3	128.55	166.83	30.66	6.77	102.86
Other Receivables	204.55	203.44	172.65	124.4	146.51	107.12
Receivables	246.85	331.99	339.48	155.06	256.54	209.98
Inventory	148.67	150.61	158.69	101.55	116.25	119.13
Other Current Assets	28.77	20.05	61.3	6.87	22.11	81.51
Total Current Assets	831.58	590.54	759.54	537.24	729	606.52
Property, Plant & Equipment	2,933	3,066	3,197	3,369	3,766	3,898
Long-Term Investments	166.25	184.25	228.02	287.27	346.92	310.73
Goodwill	270.76	270.76	270.76	270.76	270.76	270.76
Other Intangible Assets	1.67	1.72	1.79	1.87	1.94	2.01
Long-Term Accounts Receivable	-	-	-	-	-	1.85
Long-Term Deferred Tax Assets	1.98	3.65	3.98	4.12	4.76	6.77
Long-Term Deferred Charges	-	0.2	0.67	1.43	2.39	3.34
Other Long-Term Assets	-	-	2.63	2.13	0.56	0.56
Total Assets	4,205	4,117	4,464	4,474	5,122	5,101

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	49.97	32.18	64.34	42.53	137.77	61.93
Accrued Expenses	31.49	64.18	54.38	49.84	33.34	33.53
Short-Term Debt	119.99	50	190	30	538.5	238.74
Current Portion of Long-Term Debt	1.02	-	-	141.47	127.01	414.46
Current Portion of Leases	-	0.79	0.46	0.44	0.42	0.4
Current Income Taxes Payable	55.7	14.71	21.01	25.36	9.08	26.91
Current Unearned Revenue	28.24	1.64	2.05	0.85	1.34	0.15
Other Current Liabilities	186.45	30.19	129.12	23.66	38.86	53.93
Total Current Liabilities	472.85	193.68	461.37	314.15	886.33	830.05
Long-Term Debt	-	-	-	-	133.61	316.17
Long-Term Leases	2.81	1.91	-	0.46	0.9	1.33
Long-Term Unearned Revenue	169.47	176.46	185.77	177.85	186.2	139.56
Long-Term Deferred Tax Liabilities	6.85	10.38	15.94	26.59	33.69	25.9
Other Long-Term Liabilities	-	-	-	-	3	18.41
Total Liabilities	651.98	382.43	663.08	519.04	1,244	1,331

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	469.14	469.14	469.14	469.14	469.14	472.58
Additional Paid-In Capital	949.94	949.94	949.94	949.94	960.1	991.3
Retained Earnings	1,836	2,068	2,181	2,385	2,205	2,109
Treasury Stock	-	-	-	-	-	-17.56
Comprehensive Income & Other	6.96	2.12	6.5	2.23	2.15	2.41
Total Common Equity	3,262	3,490	3,606	3,806	3,636	3,558
Minority Interest	290.98	245.12	195.14	148.99	242.38	211.28
Shareholders' Equity	3,553	3,735	3,801	3,955	3,879	3,769
Total Liabilities & Equity	4,205	4,117	4,464	4,474	5,122	5,101

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	123.81	52.7	190.46	172.37	800.44	971.1
Net Cash (Debt)	283.48	35.19	9.61	101.39	-466.35	-775.21
Net Cash Growth	350.67%	266.13%	-90.52%	-	-	-
Net Cash Per Share	0.61	0.07	0.02	0.21	-1.01	-1.65
Filing Date Shares Outstanding	475.18	469.14	469.14	469.14	469.14	472.58
Total Common Shares Outstanding	475.18	469.14	469.14	469.14	469.14	472.58
Working Capital	358.73	396.86	298.17	223.09	-157.33	-223.54
Book Value Per Share	6.87	7.44	7.69	8.11	7.75	7.53
Tangible Book Value	2,990	3,217	3,334	3,533	3,363	3,285
Tangible Book Value Per Share	6.29	6.86	7.11	7.53	7.17	6.95
Buildings	-	21.01	21.65	21.65	20.7	22.2
Machinery	-	5,356	5,314	5,314	5,250	5,361
Construction In Progress	-	-	-	-	347.28	349.54