China Pipe Group Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	445.01	281.96	228.14	206.49	172.08
Short-Term Investments	6.44	8.42	7.61	61.96	5.06
Trading Asset Securities	1.57	1.52	1.54	1.51	1.71
Cash & Short-Term Investments	453.02	291.89	237.29	269.96	178.85
Cash Growth	55.20%	23.01%	-12.11%	50.94%	-8.86%
Accounts Receivable	155.5	195.57	187.33	151.48	159.55
Other Receivables	2.65	0.08	0.32	0.75	0
Receivables	163.15	273.48	187.65	152.23	239.71
Inventory	196.84	246.39	217.33	243.7	273.87
Prepaid Expenses	-	-	-	2.54	58
Restricted Cash	-	1.07	1.11	-	10
Other Current Assets	106.93	141.86	136.97	46	36
Total Current Assets	919.93	954.69	780.34	714.43	796.43
Property, Plant & Equipment	51.9	68.48	84.05	97.09	98.23
Other Intangible Assets	1.24	1.26	0.27	0.32	0.38
Other Long-Term Assets	6.87	7.41	7.16	7.37	6.6
Total Assets	1,058	1,037	950.13	902.37	901.63
Accounts Payable	41.8	48.53	30.14	32.06	56.6
Accrued Expenses	17.43	19.34	20.16	20.85	24.92
Short-Term Debt	52.37	50.46	62.17	53.35	56.02
Current Portion of Leases	24.39	23.47	25.52	22.91	18.73
Current Income Taxes Payable	0.06	8.6	4.36	0.03	7.5
Current Unearned Revenue	21.51	24.68	17.8	20.73	27.03
Other Current Liabilities	0.04	-	-	-	-
Total Current Liabilities	157.59	175.08	160.14	149.92	190.79
Long-Term Leases	25.05	42.56	56.79	78.12	85.1
Long-Term Deferred Tax Liabilities	0.8	1.09	2.86	2.12	1.66
Other Long-Term Liabilities	1.14	1.07	0.55	0.54	0.97
Total Liabilities	184.58	219.8	220.35	230.7	278.53
Common Stock	26.65	26.65	26.65	26.65	26.65
Additional Paid-In Capital	-	126.55	126.55	126.55	126.55
Retained Earnings	-	623.57	536.35	477.96	428.74
Comprehensive Income & Other	846.64	40.28	40.24	40.52	41.17
Total Common Equity	873.29	817.04	729.78	671.67	623.1
Shareholders' Equity	873.29	817.04	729.78	671.67	623.1
Total Liabilities & Equity	1,058	1,037	950.13	902.37	901.63
Total Debt	101.81	116.48	144.48	154.38	159.85
Net Cash (Debt)	351.21	175.41	92.81	115.58	19
Net Cash Growth	100.22%	89.01%	-19.71%	508.19%	1.95%
Net Cash Per Share	0.26	0.13	0.07	0.09	0.01
Filing Date Shares Outstanding	1,332	1,332	1,332	1,332	1,332
Total Common Shares Outstanding	1,332	1,332	1,332	1,332	1,332
Working Capital	762.34	779.61	620.2	564.52	605.64
Book Value Per Share	0.66	0.61	0.55	0.50	0.47
Tangible Book Value	872.04	815.79	729.51	671.35	622.73
Tangible Book Value Per Share	0.65	0.61	0.55	0.50	0.47
Machinery	-	34.3	33.52	27.18	36.92
Leasehold Improvements	-	11.31	10.25	9.04	16.57

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.