Hainan Strait Shipping 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	1,295	826.57	2,939	1,647	1,438	684.54
Cash & Short-Term Investments	1,295	826.57	2,939	1,647	1,438	684.54
Cash Growth	-38.09%	-71.87%	78.45%	14.51%	110.08%	-63.27%
Accounts Receivable	249.06	121.77	145.76	60.77	18.16	10.5
Other Receivables	68.51	78.12	85.02	99.32	34.55	35.22
Receivables	317.57	199.89	230.78	160.09	52.72	45.71
Inventory	84.78	72.62	74.22	54.41	52.96	31.63
Other Current Assets	225.56	218.27	188.85	162.81	313.22	490.65
Total Current Assets	1,922	1,317	3,432	2,024	1,857	1,253
Property, Plant & Equipment	7,277	7,382	7,480	5,249	5,294	5,235
Long-Term Investments	178.04	176.43	181.56	6.73	4.8	40.42
Goodwill	-	3.69	3.69	-	-	-
Other Intangible Assets	372.28	376.23	367.92	370.71	380.14	395.91
Long-Term Deferred Tax Assets	58.31	50.59	111.61	96.66	73.27	67.64
Long-Term Deferred Charges	4.76	4.76	13.36	11.72	3.64	1.98
Other Long-Term Assets	75.07	75.15	16.7	6.38	0.63	1.34
Total Assets	9,887	9,386	11,607	7,766	7,613	6,995
Accounts Payable	287.63	227.7	258.88	282.98	287.83	178.27
Accrued Expenses	183.26	200.28	263.3	317.59	98.54	246.75
Current Portion of Long-Term Debt	338	281.8	491.37	8.5	-	-
Current Portion of Leases	-	44.42	35.4	71.1	17.8	10.33
Current Income Taxes Payable	146.89	58.9	61.15	71.33	48.11	29.49
Current Unearned Revenue	22.19	9.4	12.75	7.39	7.49	5.28
Other Current Liabilities	222.91	115.57	81.73	43.9	119.3	111.11
Total Current Liabilities	1,201	938.07	1,205	802.78	579.07	581.22
Long-Term Debt	2,009	2,017	1,315	423.32	431.82	-
Long-Term Leases	53.9	68.58	46.14	102.86	28.77	8.98
Long-Term Unearned Revenue	251.49	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	10.5	10.71	12.42	4.73	4.77	4.81
Total Liabilities	3,525	3,289	2,894	1,505	1,223	773.9
Common Stock	2,235	2,235	2,229	2,229	2,229	2,229
Additional Paid-In Capital	214.88	214.45	2,580	307.01	297.65	297.65
Retained Earnings	1,660	1,538	1,580	1,739	1,406	1,427
Comprehensive Income & Other	10.04	11.03	13.18	6.25	4.92	26.09
Total Common Equity	4,121	3,999	6,402	4,281	3,937	3,979
Minority Interest	2,242	2,099	2,311	1,979	2,453	2,242
Shareholders' Equity	6,362	6,098	8,713	6,261	6,390	6,221
Total Liabilities & Equity	9,887	9,386	11,607	7,766	7,613	6,995
Total Debt	2,400	2,412	1,888	605.77	478.38	19.31
Net Cash (Debt)	-1,106	-1,585	1,051	1,041	959.72	665.23
Net Cash Growth	-	-	0.97%	8.46%	44.27%	-64.30%
Net Cash Per Share	-0.49	-0.71	0.47	0.47	0.43	0.30
Filing Date Shares Outstanding	2,235	2,235	2,229	2,229	2,229	2,229
Total Common Shares Outstanding	2,235	2,235	2,229	2,229	2,229	2,229
Working Capital	721.59	379.28	2,228	1,221	1,278	671.3
Book Value Per Share	1.84	1.79	2.87	1.92	1.77	1.79
Tangible Book Value	3,748	3,619	6,030	3,911	3,557	3,584
Tangible Book Value Per Share	1.68	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.