Hainan Haiyao 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	259.73	329.62	366.98	394.53	750.92	1,256
Trading Asset Securities	189.11	192.06	566.02	580	845.87	1,691
Cash & Short-Term Investments	448.84	521.68	932.99	974.53	1,597	2,947
Cash Growth	-46.06%	-44.09%	-4.26%	-38.97%	-45.81%	-18.95%
Accounts Receivable	372.48	409.88	508.51	382.59	565.4	734.76
Other Receivables	87.45	57.98	695.98	821.82	937.64	1,043
Receivables	459.93	467.86	1,204	1,204	1,503	1,778
Inventory	292.75	375.43	320.86	277.08	260.08	300.94
Prepaid Expenses	-	2.73	2.3	-	-	-
Other Current Assets	33.82	34.05	35.61	70.45	154.25	186.48
Total Current Assets	1,235	1,402	2,496	2,526	3,514	5,212
Property, Plant & Equipment	2,347	2,488	2,559	2,707	2,704	2,579
Long-Term Investments	748.83	755.55	958.21	1,006	830.97	769.31
Goodwill	102.31	102.31	218.24	218.24	218.24	270.87
Other Intangible Assets	752.44	711.03	510.43	344.7	457.79	408.33
Long-Term Deferred Tax Assets	102.55	102.63	136.06	131.65	161.81	222.54
Long-Term Deferred Charges	217.2	262.32	237.95	294.19	319.33	438.3
Other Long-Term Assets	284.33	290.34	250.71	137.81	156.83	379.14
Total Assets	5,790	6,114	7,367	7,366	8,363	10,279
Accounts Payable	471.18	500.37	473.35	523.69	932.26	1,332
Accrued Expenses	19.56	56.13	52.61	65.04	116.87	75.44
Short-Term Debt	3,152	2,462	2,336	2,545	2,343	2,742
Current Portion of Long-Term Debt	652.73	757.63	575.84	572.43	732.08	458.4
Current Portion of Leases	-	167.46	97.41	162.83	367.4	148.69
Current Income Taxes Payable	12.27	1.69	0.69	1.9	0.09	0.23
Current Unearned Revenue	20.28	30.67	24.55	37.11	45.17	35.75
Other Current Liabilities	31.84	323.06	163.58	94.46	139.99	224.89
Total Current Liabilities	4,360	4,299	3,724	4,003	4,677	5,017
Long-Term Debt	1,002	957.5	995.14	752.25	779.17	944.24
Long-Term Leases	0.78	157.79	171.66	18.58	180.66	102.89
Long-Term Unearned Revenue	80.53	80.25	77.68	72.47	64.13	45.88
Long-Term Deferred Tax Liabilities	23.98	23.87	35.21	24.57	122.83	147.65
Other Long-Term Liabilities	0.15	4.61	162.61	157.82	153.83	49.75
Total Liabilities	5,468	5,523	5,166	5,028	5,978	6,308
Common Stock	1,297	1,297	1,297	1,297	1,297	1,336
Additional Paid-In Capital	2,794	2,798	2,808	2,808	2,808	3,250
Retained Earnings	-3,781	-3,538	-2,013	-1,907	-1,917	-351.08
Treasury Stock	-	-	-	-	-	-509.77
Comprehensive Income & Other	-32.57	-32.05	-30.31	-34.12	-39.17	-18.62
Total Common Equity	278.37	525.29	2,062	2,165	2,149	3,706
Minority Interest	43.99	65.09	137.92	172.39	235.6	265.5
Shareholders' Equity	322.36	590.38	2,200	2,337	2,385	3,972
Total Liabilities & Equity	5,790	6,114	7,367	7,366	8,363	10,279
Total Debt	4,808	4,502	4,176	4,051	4,403	4,396
Net Cash (Debt)	-4,359	-3,981	-3,243	-3,077	-2,806	-1,450
Net Cash Per Share	-3.36	-3.07	-2.50	-2.37	-2.16	-1.12
Filing Date Shares Outstanding	1,297	1,297	1,297	1,297	1,297	1,297
Total Common Shares Outstanding	1,297	1,297	1,297	1,297	1,297	1,297
Working Capital	-3,124	-2,897	-1,228	-1,476	-1,163	194.7
Book Value Per Share	0.21	0.40	1.59	1.67	1.66	2.86
Tangible Book Value	-576.38	-288.05	1,334	1,602	1,473	3,027
Tangible Book Value Per Share	-0.44	-0.22	1.03	1.23	1.14	2.33
Buildings	-	1,763	1,459	1,530	1,626	1,660
Machinery	-	1,182	1,161	1,083	1,126	1,150
Construction In Progress	-	776.25	1,062	1,104	904.98	647.01

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