Hainan Haiyao Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	346.16	329.62	366.98	394.53	750.92
Trading Asset Securities	178.91	192.06	566.02	580	845.87
Cash & Short-Term Investments	525.08	521.68	932.99	974.53	1,597
Cash Growth	0.65%	-44.09%	-4.26%	-38.97%	-45.81%
Accounts Receivable	355.49	409.88	508.51	382.59	565.4
Other Receivables	67.23	57.98	695.98	821.82	937.64
Receivables	422.72	467.86	1,204	1,204	1,503
Inventory	255.43	375.43	320.86	277.08	260.08
Prepaid Expenses	2.15	2.73	2.3	-	-
Other Current Assets	31.48	34.05	35.61	70.45	154.25
Total Current Assets	1,237	1,402	2,496	2,526	3,514
Property, Plant & Equipment	2,375	2,488	2,559	2,707	2,704
Long-Term Investments	730.07	755.55	958.21	1,006	830.97
Goodwill	100.98	102.31	218.24	218.24	218.24
Other Intangible Assets	792.84	711.03	510.43	344.7	457.79
Long-Term Deferred Tax Assets	58.99	102.63	136.06	131.65	161.81
Long-Term Deferred Charges	175.09	262.32	237.95	294.19	319.33
Other Long-Term Assets	235.12	290.34	250.71	137.81	156.83
Total Assets	5,705	6,114	7,367	7,366	8,363
Accounts Payable	468.82	500.37	473.35	523.69	932.26
Accrued Expenses	48.61	56.13	52.61	65.04	116.87
Short-Term Debt	2,771	2,462	2,336	2,545	2,343
Current Portion of Long-Term Debt	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	1.65	1.69	0.69	1.9	0.09
Current Unearned Revenue	23.16	30.67	24.55	37.11	45.17
Other Current Liabilities	215.08	323.06	163.58	94.46	139.99
Total Current Liabilities	4,037	4,299	3,724	4,003	4,677
Long-Term Debt	1,445	957.5	995.14	752.25	779.17
Long-Term Leases	0.44	157.79	171.66	18.58	180.66
Long-Term Unearned Revenue	76.54	80.25	77.68	72.47	64.13
Long-Term Deferred Tax Liabilities	24.39	23.87	35.21	24.57	122.83
Other Long-Term Liabilities	1.39	4.61	162.61	157.82	153.83
Total Liabilities	5,585	5,523	5,166	5,028	5,978
Common Stock	1,297	1,297	1,297	1,297	1,297
Additional Paid-In Capital	2,794	2,798	2,808	2,808	2,808
Retained Earnings	-3,968	-3,538	-2,013	-1,907	-1,917
Comprehensive Income & Other	-41.49	-32.05	-30.31	-34.12	-39.17
Total Common Equity	81.77	525.29	2,062	2,165	2,149
Minority Interest	38.14	65.09	137.92	172.39	235.6
Shareholders' Equity	119.91	590.38	2,200	2,337	2,385
Total Liabilities & Equity	5,705	6,114	7,367	7,366	8,363
Total Debt	4,726	4,502	4,176	4,051	4,403
Net Cash (Debt)	-4,201	-3,981	-3,243	-3,077	-2,806
Net Cash Per Share	-3.24	-3.07	-2.50	-2.37	-2.16
Filing Date Shares Outstanding	1,297	1,297	1,297	1,297	1,297
Total Common Shares Outstanding	1,297	1,297	1,297	1,297	1,297
Working Capital	-2,800	-2,897	-1,228	-1,476	-1,163
Book Value Per Share	0.06	0.40	1.59	1.67	1.66
Tangible Book Value	-812.05	-288.05	1,334	1,602	1,473
Tangible Book Value Per Share	-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.