Hainan Strait Shipping 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	826.57	2,939	1,647	1,438	684.54
Cash & Short-Term Investments	826.57	2,939	1,647	1,438	684.54
Cash Growth	-71.87%	78.45%	14.51%	110.08%	-63.27%
Accounts Receivable	121.77	145.76	60.77	18.16	10.5
Other Receivables	78.12	85.02	99.32	34.55	35.22
Receivables	199.89	230.78	160.09	52.72	45.71
Inventory	72.62	74.22	54.41	52.96	31.63
Other Current Assets	218.27	188.85	162.81	313.22	490.65
Total Current Assets	1,317	3,432	2,024	1,857	1,253
Property, Plant & Equipment	7,382	7,480	5,249	5,294	5,235
Long-Term Investments	176.43	181.56	6.73	4.8	40.42
Goodwill	3.69	3.69	-	-	-
Other Intangible Assets	376.23	367.92	370.71	380.14	395.91
Long-Term Deferred Tax Assets	50.59	111.61	96.66	73.27	67.64
Long-Term Deferred Charges	4.76	13.36	11.72	3.64	1.98
Other Long-Term Assets	75.15	16.7	6.38	0.63	1.34
Total Assets	9,386	11,607	7,766	7,613	6,995
Accounts Payable	227.7	258.88	282.98	287.83	178.27
Accrued Expenses	200.28	263.3	317.59	98.54	246.75
Current Portion of Long-Term Debt	277.45	487.26	8.5	-	-
Current Portion of Leases	44.42	35.4	71.1	17.8	10.33
Current Income Taxes Payable	58.9	61.15	71.33	48.11	29.49
Current Unearned Revenue	9.4	12.75	7.39	7.49	5.28
Other Current Liabilities	119.92	85.84	43.9	119.3	111.11
Total Current Liabilities	938.07	1,205	802.78	579.07	581.22
Long-Term Debt	1,517	814.61	423.32	431.82	-
Long-Term Leases	68.58	46.14	102.86	28.77	8.98
Long-Term Unearned Revenue	254.18	261.27	143.04	144.94	145.14
Long-Term Deferred Tax Liabilities	-	55.41	28.31	33.78	33.75
Other Long-Term Liabilities	510.71	512.42	4.73	4.77	4.81
Total Liabilities	3,289	2,894	1,505	1,223	773.9
Common Stock	2,235	2,229	2,229	2,229	2,229
Additional Paid-In Capital	214.45	2,580	307.01	297.65	297.65
Retained Earnings	1,538	1,580	1,739	1,406	1,427
Comprehensive Income & Other	11.03	13.18	6.25	4.92	26.09
Total Common Equity	3,999	6,402	4,281	3,937	3,979
Minority Interest	2,099	2,311	1,979	2,453	2,242
Shareholders' Equity	6,098	8,713	6,261	6,390	6,221
Total Liabilities & Equity	9,386	11,607	7,766	7,613	6,995
Total Debt	1,907	1,383	605.77	478.38	19.31
Net Cash (Debt)	-1,081	1,555	1,041	959.72	665.23
Net Cash Growth	-	49.40%	8.46%	44.27%	-64.30%
Net Cash Per Share	-0.48	0.58	0.47	0.43	0.30
Filing Date Shares Outstanding	2,235	2,229	2,229	2,229	2,229
Total Common Shares Outstanding	2,235	2,229	2,229	2,229	2,229
Working Capital	379.28	2,228	1,221	1,278	671.3
Book Value Per Share	1.79	2.87	1.92	1.77	1.79
Tangible Book Value	3,619	6,030	3,911	3,557	3,584
Tangible Book Value Per Share	1.62	2.71	1.75	1.60	1.61
Buildings	1,556	1,352	14.29	14.6	26.37
Machinery	8,099	8,584	3,994	3,974	4,007
Construction In Progress	118.21	9.06	0.37	918.54	502.09

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