Xingtong Shipping Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	825.9	656.51	443.72	429.73	557.39	238.69
Short-Term Investments	-	-	-	-	3.73	-
Trading Asset Securities	167.2	181.43	1.96	20.04	124.03	-
Cash & Short-Term Investments	993.09	837.94	445.69	449.77	685.14	238.69
Cash Growth	102.88%	88.01%	-0.91%	-34.35%	187.05%	39.87%
Accounts Receivable	182.26	164.04	116.35	126.71	137.58	56.27
Other Receivables	21.74	18.41	3.02	1.16	154.48	-
Receivables	204	182.45	119.37	127.87	292.06	56.27
Inventory	77.43	70.22	48.72	49.55	31.89	11
Prepaid Expenses	-	-	-	0.19	-	-
Other Current Assets	95.87	70.91	39.16	58.01	34.02	18.27
Total Current Assets	1,370	1,162	652.93	685.39	1,043	324.21
Property, Plant & Equipment	4,373	4,221	3,447	2,848	1,618	906.38
Long-Term Investments	72.23	70.78	82.9	62.33	10.37	3.62
Goodwill	32	32	32	32	-	-
Other Intangible Assets	15.82	15.82	16.82	17.31	0.91	1.03
Long-Term Deferred Tax Assets	8.47	8.52	5	3.33	1.61	0.48
Long-Term Deferred Charges	59.61	60.1	33.14	24.35	11.41	8.71
Other Long-Term Assets	53.84	93.64	90.88	126.55	256.14	12.8
Total Assets	5,985	5,663	4,360	3,799	2,941	1,257
Accounts Payable	437.16	356.69	77.48	87.91	55.14	19.27
Accrued Expenses	20.8	26.79	31.28	30.56	22.94	15.18
Short-Term Debt	48.02	28.02	112.32	17.1	-	9.91
Current Portion of Long-Term Debt	383.05	348.95	325.55	340.67	198.88	73.87
Current Income Taxes Payable	40.81	29.93	34.73	24.82	17.43	20.88
Current Unearned Revenue	31.18	28.94	5.27	20.98	4.64	-
Other Current Liabilities	90.06	51.76	92.3	48.09	23.99	15.49
Total Current Liabilities	1,051	871.07	678.93	570.13	323.02	154.61
Long-Term Debt	1,064	1,016	831.63	771.49	584.15	231.44
Long-Term Leases	12.61	11.78	0.52	1.55	-	-
Long-Term Deferred Tax Liabilities	13.95	14.43	16.34	19.35	-	0.6
Other Long-Term Liabilities	48.78	49.55	50.68	-	-	-
Total Liabilities	2,191	1,963	1,578	1,363	907.17	386.65
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	1,362	1,250	1,036	727.31	505.12	328.87
Treasury Stock	-	-	-4.22	-48.37	-	-
Comprehensive Income & Other	-39.41	-20.21	7.74	-4.13	-3.05	-
Total Common Equity	3,469	3,376	2,547	2,207	2,034	870.58
Minority Interest	326.04	324	235.74	229.48	-	-
Shareholders' Equity	3,795	3,700	2,782	2,436	2,034	870.58
Total Liabilities & Equity	5,985	5,663	4,360	3,799	2,941	1,257
Total Debt	1,508	1,405	1,270	1,131	783.03	315.22
Net Cash (Debt)	-514.67	-566.87	-824.34	-681.04	-97.89	-76.54
Net Cash Per Share	-1.62	-1.85	-2.94	-2.43	-0.37	-0.37
Filing Date Shares Outstanding	327.86	333.21	279.73	275.93	280	210
Total Common Shares Outstanding	327.86	333.21	279.73	277.06	280	210
Working Capital	319.3	290.45	-26	115.26	720.1	169.6
Book Value Per Share	10.58	10.13	9.10	7.96	7.26	4.15
Tangible Book Value	3,421	3,329	2,498	2,157	2,033	869.55
Tangible Book Value Per Share	10.43	9.99	8.93	7.79	7.26	4.14
Buildings	-	-	26.33	24.38	10.19	10.19
Machinery	-	-	3,549	2,885	1,724	984.36
Construction In Progress	-	-	448.96	359.42	167.75	171.02

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