Tao Heung Holdings Limited (HKG:0573)

Tao Heung Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	206.89	213.32	345.15	251.85	457.93	561.24
Short-Term Investments	-	-	-	-	-	157.95
Cash & Short-Term Investments	206.89	213.32	345.15	251.85	457.93	719.19
Cash Growth	-28.65%	-38.20%	37.04%	-45.00%	-36.33%	-2.48%
Accounts Receivable	39.2	45.77	55.98	46.64	57.44	26.47
Other Receivables	3.38	6.64	-	0.09	2.32	9.28
Receivables	42.58	52.41	55.98	46.73	59.75	35.74
Inventory	100.41	117.66	132.96	126.36	151.45	163.27
Prepaid Expenses	99.68	122.21	100.86	143.34	153.28	14.11
Restricted Cash	-	-	-	-	-	4.34
Other Current Assets	10.95	14.66	14.95	14.52	15.99	15.05
Total Current Assets	460.5	520.24	649.89	582.79	838.4	951.72
Property, Plant & Equipment	1,142	1,112	1,270	1,393	1,614	1,647
Long-Term Investments	12.67	11.56	13.03	12.3	13.95	8.38
Goodwill	36.54	36.13	36.56	38.49	40.15	39.56
Long-Term Deferred Tax Assets	125.63	125.39	121.69	141.44	123.17	112.58
Other Long-Term Assets	74.54	69.69	97.35	105.19	121.48	184.37
Total Assets	1,852	1,875	2,189	2,273	2,751	2,944
Accounts Payable	72.6	89.83	133.09	127.34	124.15	91.56
Short-Term Debt	-	-	-	-	31.83	65.17
Current Portion of Long-Term Debt	19.06	21.34	37.76	109.83	129.83	207.33
Current Portion of Leases	195.99	190.16	176.2	190.44	200.87	215.61
Current Income Taxes Payable	6.89	9.73	7.69	3.42	4.06	5.02
Current Unearned Revenue	-	51.3	61.79	58.72	62.54	53.34
Other Current Liabilities	177.14	136.92	160.13	171.32	178.99	159.24
Total Current Liabilities	471.68	499.28	576.66	661.06	732.28	797.26
Long-Term Debt	26.41	33.75	47.95	-	-	-
Long-Term Leases	203.2	158.86	281.91	339.48	439.33	518.32
Long-Term Deferred Tax Liabilities	19.95	19.81	18.44	16.94	19.9	19.47
Other Long-Term Liabilities	10.7	8.68	9.61	12.37	13.07	14.03
Total Liabilities	731.95	720.37	934.56	1,030	1,205	1,349
Common Stock	101.44	101.44	101.44	101.44	101.64	101.66
Additional Paid-In Capital	324.85	324.85	324.85	324.85	326.43	326.62
Retained Earnings	654.72	691.58	774.14	761.09	964.66	1,046
Treasury Stock	-	-	-	-	-1.78	-0.22
Comprehensive Income & Other	22.25	19.04	32.61	34.18	137.68	98.02
Total Common Equity	1,103	1,137	1,233	1,222	1,529	1,572
Minority Interest	16.94	17.26	21.22	21.57	17.59	22.6
Shareholders' Equity	1,120	1,154	1,254	1,243	1,546	1,595
Total Liabilities & Equity	1,852	1,875	2,189	2,273	2,751	2,944
Total Debt	444.67	404.11	543.81	639.75	801.86	1,006
Net Cash (Debt)	-237.78	-190.79	-198.66	-387.9	-343.94	-287.24
Net Cash Per Share	-0.23	-0.19	-0.20	-0.38	-0.34	-0.28
Filing Date Shares Outstanding	1,014	1,014	1,014	1,014	1,014	1,016
Total Common Shares Outstanding	1,014	1,014	1,014	1,014	1,014	1,016
Working Capital	-11.18	20.96	73.23	-78.27	106.12	154.46
Book Value Per Share	1.09	1.12	1.22	1.20	1.51	1.55
Tangible Book Value	1,067	1,101	1,196	1,183	1,488	1,533
Tangible Book Value Per Share	1.05	1.09	1.18	1.17	1.47	1.51
Buildings	-	505.1	508.79	510.14	554.35	519.01
Machinery	-	713.95	809.47	893.3	999.2	974.1
Construction In Progress	-	0.19	0.19	0.75	0.05	1.34
Leasehold Improvements	-	1,318	1,365	1,401	1,475	1,442

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