Phoenix Shipping (Wuhan) Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	182.04	106.35	90.14	169.64	89.3	87.34
Cash & Short-Term Investments	182.04	106.35	90.14	169.64	89.3	87.34
Cash Growth	98.68%	17.98%	-46.86%	89.98%	2.24%	-31.01%
Accounts Receivable	110.22	89.98	105.45	75.29	85.41	59.42
Other Receivables	8.72	11.19	11.13	10.12	14.69	11.18
Receivables	118.93	101.18	116.58	85.41	100.1	70.6
Inventory	10.18	11.42	13.3	13.82	9.02	5.58
Other Current Assets	17.43	12.14	16.25	16.64	93.72	49.42
Total Current Assets	328.57	231.08	236.28	285.51	292.14	212.94
Property, Plant & Equipment	297.49	425.6	495.23	486.5	512.91	418.75
Long-Term Deferred Tax Assets	4.43	3.95	9.54	1.75	0.49	1.88
Other Long-Term Assets	0.75	0.75	1.17	-	-	-
Total Assets	631.24	661.38	742.22	773.76	805.54	633.57
Accounts Payable	79.4	73.12	36.59	26.16	35.88	14.99
Accrued Expenses	30.74	36.76	38.52	61.6	61.27	94.15
Short-Term Debt	23.34	14.1	20.02	40.04	20.03	25.04
Current Portion of Leases	-	5.29	9.91	13.52	12.38	-
Current Income Taxes Payable	8.62	-	0.09	2.99	12.3	5.52
Current Unearned Revenue	3.88	2.53	3.13	12.01	37.48	4.93
Other Current Liabilities	53.09	42.32	47.85	53.92	56.02	58.13
Total Current Liabilities	199.09	174.12	156.11	210.26	235.35	202.74
Long-Term Leases	19.35	18.45	28.62	3.53	37.42	-
Long-Term Deferred Tax Liabilities	4.23	3.74	9	0.84	-	-
Other Long-Term Liabilities	5.82	6.32	4.17	5.37	14.47	9.94
Total Liabilities	228.49	202.62	197.9	220	287.24	212.68
Common Stock	1,012	1,012	1,012	1,012	1,012	1,012
Additional Paid-In Capital	1,960	1,960	1,960	1,961	1,961	1,961
Retained Earnings	-2,525	-2,470	-2,387	-2,378	-2,414	-2,511
Comprehensive Income & Other	-44.21	-43.82	-40.97	-40.7	-39.87	-41.1
Total Common Equity	402.76	458.77	544.32	553.76	518.3	420.89
Shareholders' Equity	402.76	458.77	544.32	553.76	518.3	420.89
Total Liabilities & Equity	631.24	661.38	742.22	773.76	805.54	633.57
Total Debt	42.7	37.83	58.55	57.1	69.83	25.04
Net Cash (Debt)	139.34	68.52	31.6	112.54	19.47	62.3
Net Cash Growth	98.02%	116.86%	-71.92%	478.06%	-68.75%	-50.79%
Net Cash Per Share	0.14	0.07	0.03	0.11	0.02	0.06
Filing Date Shares Outstanding	1,012	1,012	1,012	1,012	1,012	1,012
Total Common Shares Outstanding	1,012	1,012	1,012	1,012	1,012	1,012
Working Capital	129.49	56.97	80.17	75.25	56.79	10.2
Book Value Per Share	0.40	0.45	0.54	0.55	0.51	0.42
Tangible Book Value	402.76	458.77	544.32	553.76	518.3	420.89
Tangible Book Value Per Share	0.40	0.45	0.54	0.55	0.51	0.42
Buildings	-	3.21	3.21	3.21	3.21	3.21
Machinery	-	549.68	582.23	584.99	585.17	482.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.