Hainan Expressway Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	413.63	279.36	372.73	1,259	1,556	1,269
Short-Term Investments	-	-	-	-	20	100
Trading Asset Securities	96.01	81.29	110.38	90.05	130.35	260.4
Cash & Short-Term Investments	509.64	360.65	483.11	1,349	1,707	1,629
Cash Growth	27.69%	-25.35%	-64.20%	-20.92%	4.74%	5.07%
Accounts Receivable	755.3	460.41	198.12	31.49	39.57	44.51
Other Receivables	131.89	190.06	251.47	82.67	43.7	29.03
Receivables	887.19	650.46	449.59	114.16	83.27	73.55
Inventory	920.53	922.27	998.35	542.39	387.14	380.42
Prepaid Expenses	-	25.41	29.73	41.65	1.31	2.01
Other Current Assets	230.44	128.75	192.38	89.3	13.15	18.54
Total Current Assets	2,548	2,088	2,153	2,137	2,191	2,104
Property, Plant & Equipment	614.36	349.1	384.72	297.6	79.88	82.2
Long-Term Investments	1,787	1,668	1,150	860.58	792.07	797
Goodwill	29.26	29.26	41.82	7.66	7.66	7.66
Other Intangible Assets	104.68	63.47	59.67	95.3	114.1	92.16
Long-Term Deferred Tax Assets	20.99	20.75	15.16	15.85	33.5	29.92
Long-Term Deferred Charges	3.63	2.87	8.67	11.62	12.48	3.27
Other Long-Term Assets	83.01	98.72	58.45	33.63	143.56	33.85
Total Assets	5,191	4,320	3,871	3,459	3,375	3,150

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	504.63	386.21	380.57	132.53	33.53	28.12
Accrued Expenses	22.28	51.52	44.22	115.36	125.59	105.8
Short-Term Debt	16.4	30.03	11.61	0.3	1.08	3.03
Current Portion of Long-Term Debt	167.76	44.96	20	-	-	-
Current Portion of Leases	-	7.67	14.92	9.45	0.63	0.7
Current Income Taxes Payable	19.62	7.89	4.47	1.79	28.34	18.39
Current Unearned Revenue	24.33	15.43	4.52	2.73	5.66	6.58
Other Current Liabilities	516.04	144.1	163.84	107.53	121.29	122.97
Total Current Liabilities	1,271	687.81	644.17	369.68	316.11	285.59
Long-Term Debt	510.62	364.85	135.89	-	-	-
Long-Term Leases	41.49	0.85	11.4	17.55	0.78	0.79
Long-Term Unearned Revenue	1.57	1.8	-	-	-	-
Long-Term Deferred Tax Liabilities	3.53	1.25	4.79	4.85	0.35	0.21
Other Long-Term Liabilities	13.45	7.18	7.18	9.11	27.22	35.38
Total Liabilities	1,842	1,064	803.44	401.19	344.46	321.97

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	988.83	988.83	988.83	988.83	988.83	988.83
Additional Paid-In Capital	994.38	961.01	948.21	948.1	957.7	956.32
Retained Earnings	1,265	1,268	1,113	1,121	1,080	879.44
Comprehensive Income & Other	-15.56	-16.84	-18.92	-5.39	-2.23	-
Total Common Equity	3,232	3,201	3,032	3,053	3,024	2,825
Minority Interest	116.68	54.66	36.37	5.29	5.75	3.35
Shareholders' Equity	3,349	3,256	3,068	3,058	3,030	2,828
Total Liabilities & Equity	5,191	4,320	3,871	3,459	3,375	3,150

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	736.26	448.36	193.83	27.3	2.49	4.51
Net Cash (Debt)	-226.62	-87.71	289.28	1,322	1,704	1,625
Net Cash Growth	-	-	-78.12%	-22.41%	4.88%	4.78%
Net Cash Per Share	-0.23	-0.09	0.29	1.34	1.70	1.58
Filing Date Shares Outstanding	986.47	988.83	988.83	988.83	988.83	988.83
Total Common Shares Outstanding	986.47	988.83	988.83	988.83	988.83	988.83
Working Capital	1,277	1,400	1,509	1,767	1,875	1,818
Book Value Per Share	3.28	3.24	3.07	3.09	3.06	2.86
Tangible Book Value	3,098	3,108	2,930	2,950	2,903	2,725
Tangible Book Value Per Share	3.14	3.14	2.96	2.98	2.94	2.76
Buildings	-	168.25	168.25	171.81	171.63	171.25
Machinery	-	243.35	226.68	127.72	124.33	124.33
Construction In Progress	-	180.78	184.13	184.13	-	-