Bohai Ferry sees strong cash flow growth in Q3

Bohai Ferry Group reported a 105.37% increase in net cash flow from operating activities for the nine months ended September 30, 2025, compared to the previous year. This substantial growth is primarily attributed to higher year-end transport revenue receivables, a year-over-year decrease in accounts receivable, and reduced fuel procurement payments. Total assets for the period stood at CNY 4,262,124,225.09, reflecting a 4.53% decrease from the previous year-end.

The company’s operating income reached CNY 1,428,140,596.37 for the nine-month period, with a net profit of CNY 320,073,073.23. Net profit attributable to parent company shareholders was CNY 271,807,539.53. Government subsidies, classified as non-recurring income, totaled CNY 2,930,154.98 for the quarter and CNY 99,320,450.94 year-to-date.

Shareholder structure highlights that Liaoyu Group Co., Ltd. and Liaoning Communications Investment Co., Ltd. are acting in concert, holding 26.18% and 14.00% respectively. As of September 30, 2025, Bohai Ferry Group’s total shareholder equity amounted to CNY 3,753,860,899.14.