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	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	814.13	658.05	443.72	429.73	557.39	238.69
Short-Term Investments	-	-	11.02	-	3.73	-
Trading Asset Securities	259.07	181.43	1.96	20.04	124.03	-
Cash & Short-Term Investments	1,073	839.48	456.7	449.77	685.14	238.69
Cash Growth	-0.02%	83.81%	1.54%	-34.35%	187.05%	39.87%
Accounts Receivable	156.6	164.04	116.35	126.71	137.58	56.27
Other Receivables	30.35	5.37	3.02	1.16	154.48	-
Receivables	186.94	169.41	119.37	127.87	292.06	56.27
Inventory	80.16	70.22	48.72	49.55	31.89	11
Prepaid Expenses	-	-	-	0.19	-	-
Other Current Assets	191.89	82.42	28.14	58.01	34.02	18.27
Total Current Assets	1,532	1,162	652.93	685.39	1,043	324.21
Property, Plant & Equipment	4,943	4,221	3,447	2,848	1,618	906.38
Long-Term Investments	63.69	70.78	82.9	62.33	10.37	3.62
Goodwill	32	32	32	32	-	-
Other Intangible Assets	15.39	15.82	16.82	17.31	0.91	1.03
Long-Term Deferred Tax Assets	4.93	8.52	5	3.33	1.61	0.48
Long-Term Deferred Charges	56.54	60.1	33.14	24.35	11.41	8.71
Other Long-Term Assets	149.89	93.64	90.88	126.55	256.14	12.8
Total Assets	6,797	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	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	626.05	99.42	77.48	87.91	55.14	19.27
Accrued Expenses	30.04	28.17	31.28	30.56	22.94	15.18
Short-Term Debt	67.66	28.02	112.32	17.1	-	9.91
Current Portion of Long-Term Debt	434.38	345.3	324.55	340.67	198.88	73.87
Current Portion of Leases	-	3.65	1	-	-	-
Current Income Taxes Payable	29.35	26.84	34.73	24.82	17.43	20.88
Current Unearned Revenue	24.27	28.94	5.27	20.98	4.64	-
Other Current Liabilities	5.87	310.73	92.3	48.09	23.99	15.49
Total Current Liabilities	1,218	871.07	678.93	570.13	323.02	154.61
Long-Term Debt	1,641	1,066	882.31	771.49	584.15	231.44
Long-Term Leases	11.82	11.78	0.52	1.55	-	-
Long-Term Deferred Tax Liabilities	12.98	14.43	16.34	19.35	-	0.6
Total Liabilities	2,883	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	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	325	325	280	280	200	150
Additional Paid-In Capital	1,821	1,821	1,227	1,252	1,332	391.71
Retained Earnings	1,494	1,250	1,036	727.31	505.12	328.87
Treasury Stock	-57.62	-	-4.22	-48.37	-	-
Comprehensive Income & Other	-74.9	-20.21	7.74	-4.13	-3.05	-
Total Common Equity	3,508	3,376	2,547	2,207	2,034	870.58
Minority Interest	405.63	324	235.74	229.48	-	-
Shareholders' Equity	3,914	3,700	2,782	2,436	2,034	870.58
Total Liabilities & Equity	6,797	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	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	2,155	1,454	1,321	1,131	783.03	315.22
Net Cash (Debt)	-1,082	-614.89	-864	-681.04	-97.89	-76.54
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.31	-2.00	-3.08	-2.43	-0.37	-0.37
Filing Date Shares Outstanding	327.64	324.58	279.73	275.93	280	210
Total Common Shares Outstanding	327.64	324.58	279.73	277.06	280	210
Working Capital	314.56	290.45	-26	115.26	720.1	169.6
Book Value Per Share	10.71	10.40	9.10	7.96	7.26	4.15
Tangible Book Value	3,461	3,329	2,498	2,157	2,033	869.55
Tangible Book Value Per Share	10.56	10.26	8.93	7.79	7.26	4.14
Buildings	-	31.41	26.33	24.38	10.19	10.19
Machinery	-	4,364	3,549	2,885	1,724	984.36
Construction In Progress	-	576.01	448.96	359.42	167.75	171.02