China Pipe Group Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	341.7	281.96	228.14	206.49	172.08	189.09
Short-Term Investments	6.48	8.42	7.61	61.96	5.06	5.41
Trading Asset Securities	1.56	1.52	1.54	1.51	1.71	1.74
Cash & Short-Term Investments	349.74	291.89	237.29	269.96	178.85	196.24
Cash Growth	2.13%	23.01%	-12.11%	50.94%	-8.86%	22.34%
Accounts Receivable	170.56	195.57	187.33	151.48	159.55	127.48
Other Receivables	0.1	0.08	0.32	0.75	0	0
Receivables	170.66	273.48	187.65	152.23	239.71	127.48
Inventory	203.87	246.39	217.33	243.7	273.87	192.17
Prepaid Expenses	-	-	-	2.54	58	50.58
Restricted Cash	-	1.07	1.11	-	10	10
Other Current Assets	126.42	141.86	136.97	46	36	36
Total Current Assets	850.69	954.69	780.34	714.43	796.43	612.47
Property, Plant & Equipment	62.42	68.48	84.05	97.09	98.23	118.61
Other Intangible Assets	1.27	1.26	0.27	0.32	0.38	0.43
Other Long-Term Assets	7.14	7.41	7.16	7.37	6.6	6.52
Total Assets	1,007	1,037	950.13	902.37	901.63	815.73
Accounts Payable	25.24	48.53	30.14	32.06	56.6	37.24
Accrued Expenses	8.88	19.34	20.16	20.85	24.92	21.19
Short-Term Debt	29.08	50.46	62.17	53.35	56.02	56.98
Current Portion of Leases	23.96	23.47	25.52	22.91	18.73	21.64
Current Income Taxes Payable	11.87	8.6	4.36	0.03	7.5	2.86
Current Unearned Revenue	20.52	24.68	17.8	20.73	27.03	12.59
Total Current Liabilities	119.53	175.08	160.14	149.92	190.79	152.5
Long-Term Leases	36.02	42.56	56.79	78.12	85.1	98.98
Long-Term Deferred Tax Liabilities	0.97	1.09	2.86	2.12	1.66	1.51
Other Long-Term Liabilities	1.07	1.07	0.55	0.54	0.97	1.53
Total Liabilities	157.59	219.8	220.35	230.7	278.53	254.51
Common Stock	26.65	26.65	26.65	26.65	26.65	26.65
Additional Paid-In Capital	126.55	126.55	126.55	126.55	126.55	126.55
Retained Earnings	656.04	623.57	536.35	477.96	428.74	371.63
Comprehensive Income & Other	40.46	40.28	40.24	40.52	41.17	39.59
Total Common Equity	849.7	817.04	729.78	671.67	623.1	564.41
Minority Interest	-	-	-	-	-	-3.19
Shareholders' Equity	849.7	817.04	729.78	671.67	623.1	561.22
Total Liabilities & Equity	1,007	1,037	950.13	902.37	901.63	815.73
Total Debt	89.05	116.48	144.48	154.38	159.85	177.6
Net Cash (Debt)	260.69	175.41	92.81	115.58	19	18.64
Net Cash Growth	24.63%	89.01%	-19.71%	508.19%	1.95%	-
Net Cash Per Share	0.20	0.13	0.07	0.09	0.01	0.01
Filing Date Shares Outstanding	1,332	1,332	1,332	1,332	1,332	1,332
Total Common Shares Outstanding	1,332	1,332	1,332	1,332	1,332	1,332
Working Capital	731.16	779.61	620.2	564.52	605.64	459.97
Book Value Per Share	0.64	0.61	0.55	0.50	0.47	0.42
Tangible Book Value	848.42	815.79	729.51	671.35	622.73	563.98
Tangible Book Value Per Share	0.64	0.61	0.55	0.50	0.47	0.42
Machinery	-	34.3	33.52	27.18	36.92	36.14
Leasehold Improvements	-	11.31	10.25	9.04	16.57	17.08

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.