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	Jun '26 Jun 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	301.6	87.89	200.07	273.76	334.1	155.89
Short-Term Investments	-	-	-	-	-	40
Cash & Short-Term Investments	301.6	87.89	200.07	273.76	334.1	195.89
Cash Growth	20.55%	-56.07%	-26.92%	-18.06%	70.56%	-20.40%
Accounts Receivable	33.44	128.55	166.83	30.66	6.77	102.86
Other Receivables	266.49	203.44	172.65	124.4	146.51	107.12
Receivables	299.93	331.99	339.48	155.06	256.54	209.98
Inventory	156.16	150.61	158.69	101.55	116.25	119.13
Other Current Assets	33	20.05	61.3	6.87	22.11	81.51
Total Current Assets	790.69	590.54	759.54	537.24	729	606.52
Property, Plant & Equipment	2,976	3,066	3,197	3,369	3,766	3,898
Long-Term Investments	172.45	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	1.68	1.72	1.79	1.87	1.94	2.01
Long-Term Accounts Receivable	-	-	-	-	-	1.85
Long-Term Deferred Tax Assets	2.46	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	4,214	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	Jun '26 Jun 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	58.15	32.18	64.34	42.53	137.77	61.93
Accrued Expenses	29.78	64.18	54.38	49.84	33.34	33.53
Short-Term Debt	71.19	50	190	30	538.5	238.74
Current Portion of Long-Term Debt	0.63	-	-	141.47	127.01	414.46
Current Portion of Leases	-	0.79	0.46	0.44	0.42	0.4
Current Income Taxes Payable	20.92	14.71	21.01	25.36	9.08	26.91
Current Unearned Revenue	10.32	1.64	2.05	0.85	1.34	0.15
Other Current Liabilities	256.03	30.19	129.12	23.66	38.86	53.93
Total Current Liabilities	447.01	193.68	461.37	314.15	886.33	830.05
Long-Term Debt	-	-	-	-	133.61	316.17
Long-Term Leases	1.61	1.91	-	0.46	0.9	1.33
Long-Term Unearned Revenue	171.8	176.46	185.77	177.85	186.2	139.56
Long-Term Deferred Tax Liabilities	7.64	10.38	15.94	26.59	33.69	25.9
Other Long-Term Liabilities	-	-	-	-	3	18.41
Total Liabilities	628.06	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	Jun '26 Jun 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	1,889	2,068	2,181	2,385	2,205	2,109
Treasury Stock	-	-	-	-	-	-17.56
Comprehensive Income & Other	4.45	2.12	6.5	2.23	2.15	2.41
Total Common Equity	3,312	3,490	3,606	3,806	3,636	3,558
Minority Interest	273.72	245.12	195.14	148.99	242.38	211.28
Shareholders' Equity	3,586	3,735	3,801	3,955	3,879	3,769
Total Liabilities & Equity	4,214	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	Jun '26 Jun 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	73.42	52.7	190.46	172.37	800.44	971.1
Net Cash (Debt)	228.18	35.19	9.61	101.39	-466.35	-775.21
Net Cash Growth	42.86%	266.13%	-90.52%	-	-	-
Net Cash Per Share	0.49	0.07	0.02	0.21	-1.01	-1.65
Filing Date Shares Outstanding	437.01	469.14	469.14	469.14	469.14	472.58
Total Common Shares Outstanding	437.01	469.14	469.14	469.14	469.14	472.58
Working Capital	343.68	396.86	298.17	223.09	-157.33	-223.54
Book Value Per Share	7.58	7.44	7.69	8.11	7.75	7.53
Tangible Book Value	3,040	3,217	3,334	3,533	3,363	3,285
Tangible Book Value Per Share	6.96	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