Jianglong Shipbuilding 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	172.35	207.98	311.25	727.69	437.62	553.68
Short-Term Investments	-	-	31.66	-	-	-
Trading Asset Securities	-	-	-	-	-	35.03
Cash & Short-Term Investments	172.35	207.98	342.92	727.69	437.62	588.71
Cash Growth	-22.80%	-39.35%	-52.88%	66.28%	-25.66%	155.46%
Accounts Receivable	365.06	399.26	619.76	310.37	294.71	253.98
Other Receivables	3.58	5.5	11.44	9.19	15.71	7.85
Receivables	368.63	404.77	631.21	319.57	310.42	261.84
Inventory	415.64	403.52	137.64	120.8	115.54	106.77
Other Current Assets	249.88	259.13	242.09	384.92	92.63	54.47
Total Current Assets	1,207	1,275	1,354	1,553	956.21	1,012
Property, Plant & Equipment	512.63	524.13	571.12	560.07	414.48	314.05
Long-Term Investments	39.94	44.35	130.8	213.74	111.9	50
Other Intangible Assets	48.97	49.44	49.78	52.41	54	55.16
Long-Term Accounts Receivable	-	-	-	-	-	1.56
Long-Term Deferred Tax Assets	38.78	40.52	13.2	9.27	9.27	3.44
Long-Term Deferred Charges	1.9	1.97	2.27	3.02	2.67	1.89
Other Long-Term Assets	71.39	73.51	1.61	1.01	0.95	10.45
Total Assets	1,920	2,009	2,123	2,392	1,549	1,448
Accounts Payable	539.56	642.39	845.72	633	286.86	262.12
Accrued Expenses	6.58	12.1	13.16	21.78	16.55	14.52
Short-Term Debt	101.12	88.82	78.36	31.02	2.61	135.46
Current Portion of Long-Term Debt	35.99	5.87	-	-	-	-
Current Income Taxes Payable	1.08	0.79	0.09	0.09	0.09	0.01
Current Unearned Revenue	382.79	418.3	280.01	775.14	402.36	205.06
Other Current Liabilities	40.25	48.43	52.45	28.73	32.74	31.52
Total Current Liabilities	1,107	1,217	1,270	1,490	741.21	648.69
Long-Term Debt	100.45	81.95	-	-	-	-
Long-Term Unearned Revenue	17	17.58	15.14	17.18	19.21	20.88
Other Long-Term Liabilities	0.48	1.3	12.68	2.29	0.38	-
Total Liabilities	1,225	1,318	1,298	1,509	760.8	669.58
Common Stock	377.67	377.67	377.67	377.67	377.67	222.16
Additional Paid-In Capital	196.97	196.97	195.08	190.11	181.68	356.95
Retained Earnings	119.79	116.59	251.7	250.25	206.18	199.74
Comprehensive Income & Other	0.39	0.56	0.59	0.55	0.53	-0.08
Total Common Equity	694.82	691.78	825.03	818.58	766.06	778.77
Minority Interest	-	-	-	64.69	22.63	-
Shareholders' Equity	694.82	691.78	825.03	883.27	788.68	778.77
Total Liabilities & Equity	1,920	2,009	2,123	2,392	1,549	1,448
Total Debt	237.56	176.64	78.36	31.02	2.61	135.46
Net Cash (Debt)	-65.2	31.34	264.55	696.67	435.01	453.24
Net Cash Growth	-	-88.15%	-62.03%	60.15%	-4.02%	447.19%
Net Cash Per Share	-0.17	0.08	0.70	1.84	1.15	1.30
Filing Date Shares Outstanding	376.6	377.57	377.67	377.67	377.67	377.67
Total Common Shares Outstanding	376.6	377.57	377.67	377.67	377.67	377.67
Working Capital	99.14	58.69	84.06	63.22	215	363.09
Book Value Per Share	1.84	1.83	2.18	2.17	2.03	2.06
Tangible Book Value	645.85	642.34	775.25	766.17	712.05	723.6
Tangible Book Value Per Share	1.71	1.70	2.05	2.03	1.89	1.92
Buildings	-	-	598.58	541.48	391.35	260.13
Machinery	-	-	228.3	200.87	164.72	164.37
Construction In Progress	-	-	0.87	35.84	51.34	55

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