Xingtong Shipping 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	646.33	658.05	443.72	429.73	557.39	238.69
Short-Term Investments	-	-	11.02	-	3.73	-
Trading Asset Securities	256.54	181.43	1.96	20.04	124.03	-
Cash & Short-Term Investments	902.88	839.48	456.7	449.77	685.14	238.69
Cash Growth	-12.00%	83.81%	1.54%	-34.35%	187.05%	39.87%
Accounts Receivable	183.8	164.04	116.35	126.71	137.58	56.27
Other Receivables	5.16	5.37	3.02	1.16	154.48	-
Receivables	188.96	169.41	119.37	127.87	292.06	56.27
Inventory	77.86	70.22	48.72	49.55	31.89	11
Prepaid Expenses	-	-	-	0.19	-	-
Other Current Assets	122.15	82.42	28.14	58.01	34.02	18.27
Total Current Assets	1,292	1,162	652.93	685.39	1,043	324.21
Property, Plant & Equipment	4,811	4,221	3,447	2,848	1,618	906.38
Long-Term Investments	62.09	70.78	82.9	62.33	10.37	3.62
Goodwill	32	32	32	32	-	-
Other Intangible Assets	15.53	15.82	16.82	17.31	0.91	1.03
Long-Term Deferred Tax Assets	5.12	8.52	5	3.33	1.61	0.48
Long-Term Deferred Charges	58.23	60.1	33.14	24.35	11.41	8.71
Other Long-Term Assets	52.14	93.64	90.88	126.55	256.14	12.8
Total Assets	6,328	5,663	4,360	3,799	2,941	1,257

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	132.1	99.42	77.48	87.91	55.14	19.27
Accrued Expenses	27.26	28.17	31.28	30.56	22.94	15.18
Short-Term Debt	50.03	28.02	112.32	17.1	-	9.91
Current Portion of Long-Term Debt	414.75	345.3	324.55	340.67	198.88	73.87
Current Portion of Leases	2.91	3.65	1	-	-	-
Current Income Taxes Payable	25	26.84	34.73	24.82	17.43	20.88
Current Unearned Revenue	37.53	28.94	5.27	20.98	4.64	-
Other Current Liabilities	468.54	310.73	92.3	48.09	23.99	15.49
Total Current Liabilities	1,158	871.07	678.93	570.13	323.02	154.61
Long-Term Debt	1,339	1,066	882.31	771.49	584.15	231.44
Long-Term Leases	10.47	11.78	0.52	1.55	-	-
Long-Term Deferred Tax Liabilities	13.46	14.43	16.34	19.35	-	0.6
Total Liabilities	2,521	1,963	1,578	1,363	907.17	386.65

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	325	325	280	280	200	150
Additional Paid-In Capital	1,821	1,821	1,227	1,252	1,332	391.71
Retained Earnings	1,399	1,250	1,036	727.31	505.12	328.87
Treasury Stock	-56.11	-	-4.22	-48.37	-	-
Comprehensive Income & Other	-59.71	-20.21	7.74	-4.13	-3.05	-
Total Common Equity	3,430	3,376	2,547	2,207	2,034	870.58
Minority Interest	377.01	324	235.74	229.48	-	-
Shareholders' Equity	3,807	3,700	2,782	2,436	2,034	870.58
Total Liabilities & Equity	6,328	5,663	4,360	3,799	2,941	1,257

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	1,817	1,454	1,321	1,131	783.03	315.22
Net Cash (Debt)	-914.07	-614.89	-864	-681.04	-97.89	-76.54
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.82	-2.00	-3.08	-2.43	-0.37	-0.37
Filing Date Shares Outstanding	317.72	324.58	279.73	275.93	280	210
Total Common Shares Outstanding	317.72	324.58	279.73	277.06	280	210
Working Capital	133.73	290.45	-26	115.26	720.1	169.6
Book Value Per Share	10.80	10.40	9.10	7.96	7.26	4.15
Tangible Book Value	3,382	3,329	2,498	2,157	2,033	869.55
Tangible Book Value Per Share	10.65	10.26	8.93	7.79	7.26	4.14
Buildings	31.41	31.41	26.33	24.38	10.19	10.19
Machinery	4,605	4,364	3,549	2,885	1,724	984.36
Construction In Progress	977.42	576.01	448.96	359.42	167.75	171.02