Hainan Haiyao 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	457.37	346.16	329.62	366.98	394.53	750.92
Trading Asset Securities	178.41	178.91	192.06	566.02	580	845.87
Cash & Short-Term Investments	635.78	525.08	521.68	932.99	974.53	1,597
Cash Growth	28.23%	0.65%	-44.09%	-4.26%	-38.97%	-45.81%
Accounts Receivable	322.59	355.49	409.88	508.51	382.59	565.4
Other Receivables	133.75	67.23	57.98	695.98	821.82	937.64
Receivables	456.34	422.72	467.86	1,204	1,204	1,503
Inventory	256.66	255.43	375.43	320.86	277.08	260.08
Prepaid Expenses	-	2.15	2.73	2.3	-	-
Other Current Assets	33.51	31.48	34.05	35.61	70.45	154.25
Total Current Assets	1,382	1,237	1,402	2,496	2,526	3,514
Property, Plant & Equipment	2,363	2,375	2,488	2,559	2,707	2,704
Long-Term Investments	717.28	730.07	755.55	958.21	1,006	830.97
Goodwill	100.98	100.98	102.31	218.24	218.24	218.24
Other Intangible Assets	782.57	792.84	711.03	510.43	344.7	457.79
Long-Term Deferred Tax Assets	58.76	58.99	102.63	136.06	131.65	161.81
Long-Term Deferred Charges	182.03	175.09	262.32	237.95	294.19	319.33
Other Long-Term Assets	201.74	235.12	290.34	250.71	137.81	156.83
Total Assets	5,789	5,705	6,114	7,367	7,366	8,363
Accounts Payable	407.21	468.82	500.37	473.35	523.69	932.26
Accrued Expenses	16.21	48.61	56.13	52.61	65.04	116.87
Short-Term Debt	1,196	2,771	2,462	2,336	2,545	2,343
Current Portion of Long-Term Debt	491.63	369.86	757.63	575.84	572.43	732.08
Current Portion of Leases	-	139.35	167.46	97.41	162.83	367.4
Current Income Taxes Payable	7.99	1.65	1.69	0.69	1.9	0.09
Current Unearned Revenue	16.24	23.16	30.67	24.55	37.11	45.17
Other Current Liabilities	1,877	215.08	323.06	163.58	94.46	139.99
Total Current Liabilities	4,012	4,037	4,299	3,724	4,003	4,677
Long-Term Debt	1,409	1,445	957.5	995.14	752.25	779.17
Long-Term Leases	0.29	0.44	157.79	171.66	18.58	180.66
Long-Term Unearned Revenue	75.17	76.54	80.25	77.68	72.47	64.13
Long-Term Deferred Tax Liabilities	24.38	24.39	23.87	35.21	24.57	122.83
Other Long-Term Liabilities	230.07	1.39	4.61	162.61	157.82	153.83
Total Liabilities	5,751	5,585	5,523	5,166	5,028	5,978
Common Stock	1,297	1,297	1,297	1,297	1,297	1,297
Additional Paid-In Capital	2,794	2,794	2,798	2,808	2,808	2,808
Retained Earnings	-4,045	-3,968	-3,538	-2,013	-1,907	-1,917
Comprehensive Income & Other	-42.36	-41.49	-32.05	-30.31	-34.12	-39.17
Total Common Equity	4.45	81.77	525.29	2,062	2,165	2,149
Minority Interest	32.99	38.14	65.09	137.92	172.39	235.6
Shareholders' Equity	37.43	119.91	590.38	2,200	2,337	2,385
Total Liabilities & Equity	5,789	5,705	6,114	7,367	7,366	8,363
Total Debt	3,097	4,726	4,502	4,176	4,051	4,403
Net Cash (Debt)	-2,461	-4,201	-3,981	-3,243	-3,077	-2,806
Net Cash Per Share	-1.90	-3.24	-3.07	-2.50	-2.37	-2.16
Filing Date Shares Outstanding	1,298	1,297	1,297	1,297	1,297	1,297
Total Common Shares Outstanding	1,298	1,297	1,297	1,297	1,297	1,297
Working Capital	-2,630	-2,800	-2,897	-1,228	-1,476	-1,163
Book Value Per Share	0.00	0.06	0.40	1.59	1.67	1.66
Tangible Book Value	-879.11	-812.05	-288.05	1,334	1,602	1,473
Tangible Book Value Per Share	-0.68	-0.63	-0.22	1.03	1.23	1.14
Buildings	-	2,054	1,763	1,459	1,530	1,626
Machinery	-	1,413	1,182	1,161	1,083	1,126
Construction In Progress	-	265.28	776.25	1,062	1,104	904.98

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