Balance Sheet Nanjing Tanker Corporation

Stocks

601975

CNE100003H09

Oil & Gas Transportation Services

End-of-day quote Shanghai S.E. Other stock markets 10/07/2026			5-day change	1st Jan Change
3.440 ^CNY	+1.18%		-6.78%	+13.91%

04-27	Nanjing Tanker Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-27	Nanjing tanker q1 net profit up 51.7% y/y	RE

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Published financial data: NANJING TANKER CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.86B	6.26B	6.19B	6.43B	5.81B
Other Revenues, Total	1.93M	5.61M	3.78M	43.35M	6.09M
Total Revenues	3.86B	6.26B	6.2B	6.48B	5.82B
Cost of Goods Sold, Total	3.16B	4.38B	4.16B	4.37B	4.14B
Gross Profit	700M	1.88B	2.03B	2.11B	1.68B
Selling General & Admin Expenses, Total	151M	130M	134M	147M	137M
Provision for Bad Debts	4.41M	-234K	12.85M	-18.22M	-279K
R&D Expenses	-	-	-	2.07M	811K
Other Operating Expenses	6.74M	17.66M	19.73M	29.22M	18.49M
Other Operating Expenses, Total	162M	147M	167M	160M	156M
Operating Income	538M	1.73B	1.87B	1.95B	1.52B
Interest Expense, Total	-94.98M	-88.67M	-103M	-68.7M	-24.71M
Interest And Investment Income	12.97M	14.87M	48.23M	75.25M	92.78M
Net Interest Expenses	-82.01M	-73.8M	-54.69M	6.55M	68.07M
Currency Exchange Gains (Loss)	-10.99M	24.46M	20.85M	24.76M	-4.93M
Other Non Operating Income (Expenses)	-3.05M	-1.67M	-4.21M	-1.64M	-1.78M
EBT, Excl. Unusual Items	442M	1.68B	1.83B	1.98B	1.59B
Gain (Loss) On Sale Of Assets	13.34M	25.16M	15.58M	267M	2.42M
Asset Writedown	-65.44M	-2.57M	-44.94K	-	-31.07M
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.24M	2.8M	12.14M	5.53M	17.5M
EBT, Incl. Unusual Items	393M	1.71B	1.86B	2.25B	1.57B
Income Tax Expense	87.88M	261M	289M	312M	251M
Earnings From Continuing Operations	305M	1.45B	1.57B	1.94B	1.32B
Net Income to Company	305M	1.45B	1.57B	1.94B	1.32B
Minority Interest	-8.97M	-12.91M	-11.42M	-14.19M	-11.68M
Net Income - (IS)	296M	1.43B	1.56B	1.92B	1.31B
Net Income to Common Incl Extra Items	296M	1.43B	1.56B	1.92B	1.31B
Net Income to Common Excl. Extra Items	296M	1.43B	1.56B	1.92B	1.31B
Per Share Items
Net EPS - Basic	0.06	0.3	0.32	0.4	0.27
Basic EPS - Continuing Operations	0.06	0.3	0.32	0.4	0.27
Basic Weighted Average Shares Outstanding	4.94B	4.78B	4.85B	4.81B	4.78B
Net EPS - Diluted	0.06	0.3	0.32	0.4	0.27
Diluted EPS - Continuing Operations	0.06	0.3	0.32	0.4	0.27
Diluted Weighted Average Shares Outstanding	4.94B	4.78B	4.85B	4.81B	4.78B
Normalized Basic EPS	0.05	0.22	0.23	0.25	0.2
Normalized Diluted EPS	0.05	0.22	0.23	0.25	0.2
Dividend Per Share	-	-	-	-	0.03
Payout Ratio	27.2	4.95	4.22	2.59	2.04
Supplemental Items
EBITDA	927M	2.11B	2.29B	2.4B	1.99B
EBITA	540M	1.73B	1.87B	1.95B	1.53B
EBIT	538M	1.73B	1.87B	1.95B	1.52B
EBITDAR	-	-	-	-	2.02B
Total Revenues (As Reported)	3.86B	6.26B	6.2B	6.48B	5.82B
Effective Tax Rate - (Ratio)	22.34	15.27	15.56	13.89	15.95
Total Current Taxes	104M	255M	285M	307M	256M
Total Deferred Taxes	-16.31M	6.14M	3.73M	4.84M	-4.78M
Normalized Net Income	267M	1.04B	1.13B	1.22B	979M
Interest on Long-Term Debt	13.11M	16.69M	38.86M	19.72M	75.54K
Non-Cash Pension Expense	187K	184K	175K	152K	110K
Supplemental Operating Expense Items
Selling and Marketing Expenses	32.81M	35.69M	36.8M	41.79M	37.29M
General and Administrative Expenses	118M	94.18M	97.34M	105M	99.49M
Research And Development Expense From Footnotes	2.12M	1.43M	2.48M	2.07M	4M
Net Rental Expense, Total	-	-	-	-	29.63M
Imputed Operating Lease Interest Expense	-	-	-	-	5.98M
Imputed Operating Lease Depreciation	-	-	-	-	23.65M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.19B	2.09B	3.07B	4.39B	4.56B
Total Cash And Short Term Investments	1.19B	2.09B	3.07B	4.39B	4.56B
Accounts Receivable, Total	567M	924M	736M	774M	829M
Other Receivables	89.42M	48.36M	46.23M	19.89M	19.48M
Total Receivables	656M	973M	782M	794M	848M
Inventory	294M	350M	336M	327M	345M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	38.67M	27.86M	24.94M	53.37M	33.14M
Total Current Assets	2.17B	3.44B	4.21B	5.56B	5.79B
Gross Property Plant And Equipment	11.65B	12.37B	12.98B	12.39B	12.29B
Accumulated Depreciation	-5.41B	-5.54B	-5.8B	-5.89B	-6.16B
Net Property Plant And Equipment	6.24B	6.83B	7.18B	6.5B	6.13B
Other Intangibles, Total	7.39M	8.81M	8.87M	9.73M	14.45M
Deferred Tax Assets Long-Term	24.74M	18.61M	15.54M	10.7M	15.48M
Deferred Charges Long-Term	235M	215M	229M	221M	246M
Other Long-Term Assets, Total	68.41M	2.36M	1.96M	620M	1.14B
Total Assets	8.75B	10.52B	11.65B	12.93B	13.33B
Liabilities
Accounts Payable, Total	328M	397M	300M	349M	458M
Accrued Expenses, Total	113M	124M	150M	199M	162M
Short-term Borrowings	50.87M	-	-	-	-
Current Portion of Long-Term Debt	662M	676M	242M	342M	271M
Current Portion of Leases	114M	71.46M	62.59M	6.68M	-
Current Income Taxes Payable	13.88M	66.59M	57M	46.64M	67.65M
Unearned Revenue Current, Total	11.79M	13.93M	13.91M	7.42M	1.01M
Other Current Liabilities	2.16M	16.43M	19.23M	62.42M	132M
Total Current Liabilities	1.3B	1.37B	845M	1.01B	1.09B
Long-Term Debt	1.19B	1.07B	1.25B	912M	426M
Long-Term Leases	330M	517M	378M	-	-
Unearned Revenue Non Current	1.63M	2.3M	-	-	-
Pension & Other Post Retirement Benefits	5.94M	5.75M	5.77M	5.57M	5.34M
Other Non Current Liabilities	26.5M	25.88M	20.7M	17.83M	16.15M
Total Liabilities	2.85B	2.99B	2.5B	1.95B	1.54B
Common Stock, Total	4.85B	4.85B	4.85B	4.8B	4.68B
Additional Paid In Capital	4.05B	4.05B	4.05B	4.05B	2.48B
Retained Earnings	-2.98B	-1.54B	16.01M	1.84B	4.44B
Comprehensive Income and Other	-161M	32.81M	80.32M	132M	32.96M
Total Common Equity	5.77B	7.4B	9B	10.82B	11.64B
Minority Interest	132M	136M	148M	153M	155M
Total Equity	5.9B	7.53B	9.15B	10.98B	11.79B
Total Liabilities And Equity	8.75B	10.52B	11.65B	12.93B	13.33B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.85B	4.85B	4.85B	4.8B	4.68B
ECS Total Common Shares Outstanding	4.85B	4.85B	4.85B	4.8B	4.68B
Book Value / Share	1.19	1.52	1.85	2.25	2.49
Tangible Book Value	5.76B	7.39B	8.99B	10.81B	11.62B
Tangible Book Value Per Share	1.19	1.52	1.85	2.25	2.48
Total Debt	2.35B	2.33B	1.93B	1.26B	697M
Net Debt	1.16B	241M	-1.14B	-3.13B	-3.87B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.94M	5.75M	5.77M	5.57M	5.34M
Debt Equivalent Oper. Leases	-	-	-	-	237M
Minority Interest, Total (Incl. Fin. Div)	132M	136M	148M	153M	155M
Account Code - Inventory Valuation	3	6	5	5	5
Inventories - Raw Materials, Total	287M	349M	336M	327M	345M
Inventories - Finished Goods, Total	6.51M	98.37K	-	-	-
Inventories - Others	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	10.33B	10.87B	11.83B	12.31B	12.08B
Full Time Employees	2.38K	2.48K	2.49K	2.5K	3.15K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9.45M	10.39M	10.62M	10.8M	10.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	296M	1.43B	1.56B	1.92B	1.31B
Depreciation & Amortization - CF	471M	486M	471M	480M	469M
Amortization of Goodwill and Intangible Assets - (CF)	2.12M	1.43M	2.48M	1.7M	3.19M
Depreciation & Amortization, Total	473M	488M	473M	482M	473M
Amortization of Deferred Charges, Total - (CF)	128M	162M	178M	174M	175M
(Gain) Loss From Sale Of Asset	-13.34M	-25.16M	-15.58M	-267M	-2.42M
Asset Writedown & Restructuring Costs	69.62M	-	44.94K	-	973K
Provision and Write-off of Bad Debts	236K	2.34M	12.85M	-18.22M	29.82M
Other Operating Activities, Total	133M	75.2M	92.99M	63.92M	27.9M
Change In Accounts Receivable	-56.52M	-250M	106M	-22.92M	-32.09M
Change In Inventories	-87.26M	-55.93M	14.01M	8.82M	-18.7M
Change In Accounts Payable	-73.46M	120M	38.02M	138M	125M
Change In Deferred Taxes	-16.31M	6.14M	3.73M	4.84M	-4.78M
Cash from Operations	853M	1.96B	2.46B	2.48B	2.08B
Capital Expenditure	-391M	-729M	-1.12B	-1.29B	-877M
Sale of Property, Plant, and Equipment	93.64M	58.83M	32.46M	574M	10.21M
Other Investing Activities, Total	-	-	-	5.68M	53.5K
Cash from Investing	-297M	-670M	-1.09B	-712M	-867M
Long-Term Debt Issued, Total	50M	628M	1.32B	-	200M
Total Debt Issued	50M	628M	1.32B	-	200M
Long-Term Debt Repaid, Total	-713M	-1B	-1.67B	-316M	-760M
Total Debt Repaid	-713M	-1B	-1.67B	-316M	-760M
Repurchase of Common Stock	-200M	-	-	-150M	-400M
Common Dividends Paid	-80.63M	-70.96M	-65.73M	-49.83M	-26.72M
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-80.63M	-70.96M	-65.73M	-49.83M	-26.72M
Other Financing Activities, Total	-158K	-9M	-	19.08M	-18M
Cash from Financing	-944M	-454M	-425M	-497M	-1B
Foreign Exchange Rate Adjustments	-27.5M	69.69M	30.36M	37.57M	-36.23M
Net Change in Cash	-416M	903M	978M	1.31B	176M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	154M	234M	339M	401M	239M
Levered Free Cash Flow	360M	737M	764M	631M	809M
Unlevered Free Cash Flow	420M	793M	828M	674M	825M
Change In Net Working Capital	127M	212M	-130M	-94.47M	-102M
Net Debt Issued / Repaid	-663M	-374M	-359M	-316M	-560M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.85	11.24	10.53	9.9	7.26
Return on Total Capital	4.07	11.96	11.15	10.43	7.7
Return On Equity %	5.2	21.54	18.8	19.23	11.62
Return on Common Equity	5.16	21.78	18.99	19.38	11.68
Margin Analysis
Gross Profit Margin %	18.12	30.02	32.83	32.52	28.87
SG&A Margin	3.9	2.07	2.16	2.27	2.35
EBITDA Margin %	23.99	33.69	37.03	37.03	34.21
EBITA Margin %	13.99	27.69	30.18	30.07	26.24
EBIT Margin %	13.93	27.67	30.14	30.05	26.19
Income From Continuing Operations Margin %	7.91	23.09	25.31	29.89	22.74
Net Income Margin %	7.68	22.89	25.13	29.67	22.54
Net Avail. For Common Margin %	7.68	22.89	25.13	29.67	22.54
Normalized Net Income Margin	6.92	16.58	18.27	18.85	16.83
Levered Free Cash Flow Margin	9.33	11.77	12.33	9.75	13.9
Unlevered Free Cash Flow Margin	10.87	12.65	13.37	10.41	14.17
Asset Turnover
Asset Turnover	0.44	0.65	0.56	0.53	0.44
Fixed Assets Turnover	0.62	0.96	0.88	0.95	0.92
Receivables Turnover (Average Receivables)	7.13	8.39	7.46	8.52	7.25
Inventory Turnover (Average Inventory)	12.65	13.63	12.15	13.2	12.32
Short Term Liquidity
Current Ratio	1.68	2.52	4.99	5.49	5.31
Quick Ratio	1.42	2.25	4.56	5.11	4.96
Operating Cash Flow to Current Liabilities	0.66	1.43	2.91	2.45	1.91
Days Sales Outstanding (Average Receivables)	51.19	43.48	48.93	42.96	50.31
Days Outstanding Inventory (Average Inventory)	28.86	26.78	30.04	27.74	29.63
Average Days Payable Outstanding	34.29	29.77	30.64	27.24	35.43
Cash Conversion Cycle (Average Days)	45.76	40.49	48.33	43.45	44.51
Long Term Solvency
Total Debt/Equity	39.81	30.99	21.11	11.49	5.91
Total Debt / Total Capital	28.48	23.66	17.43	10.3	5.58
LT Debt/Equity	25.79	21.07	17.78	8.31	3.61
Long-Term Debt / Total Capital	18.45	16.08	14.68	7.45	3.41
Total Liabilities / Total Assets	32.58	28.39	21.45	15.08	11.54
EBIT / Interest Expense	5.67	19.55	18.15	28.32	61.68
EBITDA / Interest Expense	10.65	25.05	22.74	35.33	80.81
(EBITDA - Capex) / Interest Expense	6.54	16.83	11.86	16.53	45.31
Total Debt / EBITDA	2.32	1.05	0.83	0.52	0.35
Net Debt / EBITDA	1.15	0.11	-0.49	-1.29	-1.94
Total Debt / (EBITDA - Capex)	3.79	1.56	1.58	1.11	0.62
Net Debt / (EBITDA - Capex)	1.87	0.16	-0.93	-2.76	-3.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.2	62.2	-1.08	4.5	-10.13
Gross Profit, 1 Yr. Growth %	-50.17	168.66	8.2	3.48	-20.21
EBITDA, 1 Yr. Growth %	-43.27	126.79	8.84	4.48	-16.96
EBITA, 1 Yr. Growth %	-56.41	218.56	7.99	4.11	-21.56
EBIT, 1 Yr. Growth %	-56.53	219.54	7.93	4.16	-21.66
Earnings From Cont. Operations, 1 Yr. Growth %	-78.19	373.69	8.37	23.39	-31.63
Net Income, 1 Yr. Growth %	-78.68	383.67	8.55	23.38	-31.73
Normalized Net Income, 1 Yr. Growth %	-61	284.62	9.2	7.78	-19.75
Diluted EPS Before Extra, 1 Yr. Growth %	-78.57	400	8.6	24.49	-31.31
Accounts Receivable, 1 Yr. Growth %	9.93	62.99	-20.36	5.13	7.12
Inventory, 1 Yr. Growth %	42.28	19.05	-4.01	-2.63	5.72
Net Property, Plant and Equip., 1 Yr. Growth %	2.01	9.41	5.09	-9.44	-5.75
Total Assets, 1 Yr. Growth %	0.37	20.16	10.73	10.98	3.13
Tangible Book Value, 1 Yr. Growth %	0.76	28.22	21.73	20.26	7.47
Common Equity, 1 Yr. Growth %	0.79	28.21	21.7	20.25	7.5
Cash From Operations, 1 Yr. Growth %	-56.8	129.5	25.69	1	-16.11
Capital Expenditures, 1 Yr. Growth %	-17.91	86.51	53.71	15.39	-32.12
Levered Free Cash Flow, 1 Yr. Growth %	-42.33	103.11	3.89	-17.39	28.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.27	87.68	4.74	-18.62	22.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.21	24.65	26.67	1.67	-3.09
Gross Profit, 2 Yr. CAGR %	-23.04	15.7	70.5	5.81	-9.13
EBITDA, 2 Yr. CAGR %	-19.77	13.69	57.02	6.64	-6.85
EBITA, 2 Yr. CAGR %	-28.08	18.3	85.34	6.03	-9.63
EBIT, 2 Yr. CAGR %	-28.2	18.31	85.58	6.03	-9.67
Earnings From Cont. Operations, 2 Yr. CAGR %	-41.32	1.65	126.62	15.64	-8.15
Net Income, 2 Yr. CAGR %	-41.87	1.55	129.18	15.73	-8.22
Normalized Net Income, 2 Yr. CAGR %	-30.4	23.08	104.78	8.49	-7
Diluted EPS Before Extra, 2 Yr. CAGR %	-40.59	3.51	131.26	16.27	-7.53
Accounts Receivable, 2 Yr. CAGR %	15.99	33.86	13.93	-8.5	6.12
Inventory, 2 Yr. CAGR %	17.3	30.15	6.9	-3.32	1.46
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.33	5.64	7.23	-2.44	-7.61
Total Assets, 2 Yr. CAGR %	5.02	9.82	15.35	10.86	6.98
Tangible Book Value, 2 Yr. CAGR %	11.1	13.67	24.93	20.99	13.68
Common Equity, 2 Yr. CAGR %	11.11	13.67	24.91	20.97	13.7
Cash From Operations, 2 Yr. CAGR %	-14.49	-0.43	69.84	12.67	-7.95
Capital Expenditures, 2 Yr. CAGR %	114.65	23.73	69.32	33.18	-11.5
Levered Free Cash Flow, 2 Yr. CAGR %	-27.74	8.62	45.1	-7.36	2.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.76	7.09	40.06	-7.68	-0.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.56	15.76	15.41	18.8	-2.43
Gross Profit, 3 Yr. CAGR %	2.71	16.74	13.15	44.36	-3.69
EBITDA, 3 Yr. CAGR %	0.22	13.61	12	37.08	-1.89
EBITA, 3 Yr. CAGR %	1.94	18.42	14.7	52.92	-4.1
EBIT, 3 Yr. CAGR %	1.81	18.41	14.69	53.08	-4.15
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.7	17.71	3.86	85.05	-2.94
Net Income, 3 Yr. CAGR %	-6.29	17.79	3.85	86.44	-2.94
Normalized Net Income, 3 Yr. CAGR %	5.63	23.44	18.21	65.34	-1.89
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.77	20.84	4.65	88.13	-2.44
Accounts Receivable, 3 Yr. CAGR %	18.67	29.92	12.59	10.92	-3.56
Inventory, 3 Yr. CAGR %	19.6	17.88	17.59	3.62	-0.4
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.6	2.81	5.46	1.36	-3.56
Total Assets, 3 Yr. CAGR %	3.36	9.84	10.12	13.88	8.22
Tangible Book Value, 3 Yr. CAGR %	15.28	16.54	16.29	23.35	16.3
Common Equity, 3 Yr. CAGR %	15.29	16.54	16.29	23.34	16.31
Cash From Operations, 3 Yr. CAGR %	-1.6	18.83	7.61	42.82	2.12
Capital Expenditures, 3 Yr. CAGR %	59.5	104.83	33.01	49	6.38
Levered Free Cash Flow, 3 Yr. CAGR %	-11.71	2.22	6.94	20.26	3.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	-12.73	0.43	6.23	16.87	1.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.75	10.93	12.9	9.9	7.62
Gross Profit, 5 Yr. CAGR %	-7.64	20.52	25.79	12.24	3.64
EBITDA, 5 Yr. CAGR %	-6.73	15.81	20.05	10.74	4.04
EBITA, 5 Yr. CAGR %	-10.03	22.7	29.68	13.26	4.26
EBIT, 5 Yr. CAGR %	-10.1	22.68	29.64	13.26	4.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.69	28.35	33.91	16.89	-1.12
Net Income, 5 Yr. CAGR %	-11.94	28.42	34.01	16.97	-1.16
Normalized Net Income, 5 Yr. CAGR %	-4.42	33.74	37.92	17.19	7.39
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.64	29.71	34.95	18.64	-0.4
Accounts Receivable, 5 Yr. CAGR %	14.33	22.17	16.75	12.92	9.95
Inventory, 5 Yr. CAGR %	20.89	24.98	14.35	8.89	10.85
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.88	2.19	1.84	0.68	0.02
Total Assets, 5 Yr. CAGR %	2.8	7.82	8	10.25	8.86
Tangible Book Value, 5 Yr. CAGR %	14	17.2	19.04	18.3	15.24
Common Equity, 5 Yr. CAGR %	14.01	17.2	19.04	18.29	15.25
Cash From Operations, 5 Yr. CAGR %	-8.1	19.22	22.41	16.33	1.09
Capital Expenditures, 5 Yr. CAGR %	105.43	173.37	63.36	72.43	13.01
Levered Free Cash Flow, 5 Yr. CAGR %	-13.05	12.45	7.86	-1.77	5.31
Unlevered Free Cash Flow, 5 Yr. CAGR %	-15.24	7.67	5.58	-2.94	3.6