Hainan Expressway 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	318.79	372.73	1,259	1,556	1,269	1,126
Short-Term Investments	-	-	-	20	100	-
Trading Asset Securities	80.33	110.38	90.05	130.35	260.4	425.06
Cash & Short-Term Investments	399.12	483.11	1,349	1,707	1,629	1,551
Cash Growth	-38.97%	-64.20%	-20.92%	4.74%	5.07%	-14.06%
Accounts Receivable	230.59	198.12	31.49	39.57	44.51	8.93
Other Receivables	160.39	251.47	82.67	43.7	29.03	27.62
Receivables	390.98	449.59	114.16	83.27	73.55	36.56
Inventory	1,045	998.35	542.39	387.14	380.42	415.83
Prepaid Expenses	-	29.73	41.65	1.31	2.01	1.2
Other Current Assets	243.89	192.38	89.3	13.15	18.54	9.94
Total Current Assets	2,079	2,153	2,137	2,191	2,104	2,014
Property, Plant & Equipment	349.83	384.72	297.6	79.88	82.2	83.58
Long-Term Investments	1,362	1,150	860.58	792.07	797	484.29
Goodwill	41.82	41.82	7.66	7.66	7.66	-
Other Intangible Assets	57.89	59.67	95.3	114.1	92.16	93.78
Long-Term Deferred Tax Assets	12.29	15.16	15.85	33.5	29.92	32.78
Long-Term Deferred Charges	6.77	8.67	11.62	12.48	3.27	2.19
Other Long-Term Assets	39.33	58.45	33.63	143.56	33.85	515.73
Total Assets	3,949	3,871	3,459	3,375	3,150	3,227
Accounts Payable	238	380.57	132.53	33.53	28.12	86.54
Accrued Expenses	14.01	44.22	115.36	125.59	105.8	106.61
Short-Term Debt	30	11.61	0.3	1.08	3.03	-
Current Portion of Long-Term Debt	53.87	20	-	-	-	-
Current Portion of Leases	-	14.92	9.45	0.63	0.7	-
Current Income Taxes Payable	22.65	4.47	1.79	28.34	18.39	9.53
Current Unearned Revenue	29.01	4.52	2.73	5.66	6.58	6.62
Other Current Liabilities	142.23	163.84	107.53	121.29	122.97	135.78
Total Current Liabilities	529.76	644.17	369.68	316.11	285.59	345.09
Long-Term Debt	340.16	135.89	-	-	-	-
Long-Term Leases	0.8	11.4	17.55	0.78	0.79	-
Long-Term Deferred Tax Liabilities	1.22	4.79	4.85	0.35	0.21	0.52
Other Long-Term Liabilities	7.18	7.18	9.11	27.22	35.38	47.24
Total Liabilities	881	803.44	401.19	344.46	321.97	392.84
Common Stock	988.83	988.83	988.83	988.83	988.83	988.83
Additional Paid-In Capital	955.01	948.21	948.1	957.7	956.32	961.7
Retained Earnings	1,103	1,113	1,121	1,080	879.44	877.51
Comprehensive Income & Other	-18.92	-18.92	-5.39	-2.23	-	-
Total Common Equity	3,028	3,032	3,053	3,024	2,825	2,828
Minority Interest	40.39	36.37	5.29	5.75	3.35	5.69
Shareholders' Equity	3,068	3,068	3,058	3,030	2,828	2,834
Total Liabilities & Equity	3,949	3,871	3,459	3,375	3,150	3,227
Total Debt	424.84	193.83	27.3	2.49	4.51	-
Net Cash (Debt)	-25.72	289.28	1,322	1,704	1,625	1,551
Net Cash Growth	-	-78.12%	-22.41%	4.88%	4.78%	-14.06%
Net Cash Per Share	-0.03	0.29	1.34	1.70	1.58	1.50
Filing Date Shares Outstanding	988.83	988.83	988.83	988.83	988.83	988.83
Total Common Shares Outstanding	988.83	988.83	988.83	988.83	988.83	988.83
Working Capital	1,550	1,509	1,767	1,875	1,818	1,669
Book Value Per Share	3.06	3.07	3.09	3.06	2.86	2.86
Tangible Book Value	2,928	2,930	2,950	2,903	2,725	2,734
Tangible Book Value Per Share	2.96	2.96	2.98	2.94	2.76	2.77
Buildings	-	-	171.81	171.63	171.25	171.25
Machinery	-	-	127.72	124.33	124.33	122.04
Construction In Progress	-	-	184.13	-	-	-

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