Tao Heung Holdings Limited (HKG:0573)

Tao Heung Holdings Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	201.96	213.32	345.15	251.85	457.93
Cash & Short-Term Investments	201.96	213.32	345.15	251.85	457.93
Cash Growth	-5.32%	-38.20%	37.04%	-45.00%	-36.33%
Accounts Receivable	53.43	45.77	55.98	46.64	57.44
Other Receivables	3.18	6.64	-	0.09	2.32
Receivables	56.61	52.41	55.98	46.73	59.75
Inventory	90.57	117.66	132.96	126.36	151.45
Prepaid Expenses	113.47	122.21	100.86	143.34	153.28
Other Current Assets	11.11	14.66	14.95	14.52	15.99
Total Current Assets	473.72	520.24	649.89	582.79	838.4
Property, Plant & Equipment	1,162	1,112	1,270	1,393	1,614
Long-Term Investments	13.08	11.56	13.03	12.3	13.95
Goodwill	36.76	36.13	36.56	38.49	40.15
Long-Term Deferred Tax Assets	117.53	125.39	121.69	141.44	123.17
Other Long-Term Assets	77.25	69.69	97.35	105.19	121.48
Total Assets	1,880	1,875	2,189	2,273	2,751

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	120.45	89.83	133.09	127.34	124.15
Short-Term Debt	-	-	-	-	31.83
Current Portion of Long-Term Debt	14.81	21.34	37.76	109.83	129.83
Current Portion of Leases	156.89	190.16	176.2	190.44	200.87
Current Income Taxes Payable	7.89	9.73	7.69	3.42	4.06
Current Unearned Revenue	49.11	51.3	61.79	58.72	62.54
Other Current Liabilities	127.75	136.92	160.13	171.32	178.99
Total Current Liabilities	476.9	499.28	576.66	661.06	732.28
Long-Term Debt	18.77	33.75	47.95	-	-
Long-Term Leases	249.62	158.86	281.91	339.48	439.33
Long-Term Deferred Tax Liabilities	23.36	19.81	18.44	16.94	19.9
Other Long-Term Liabilities	7.91	8.68	9.61	12.37	13.07
Total Liabilities	776.56	720.37	934.56	1,030	1,205

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	101.44	101.44	101.44	101.44	101.64
Additional Paid-In Capital	324.85	324.85	324.85	324.85	326.43
Retained Earnings	631.85	691.58	774.14	761.09	964.66
Treasury Stock	-	-	-	-	-1.78
Comprehensive Income & Other	28.28	19.04	32.61	34.18	137.68
Total Common Equity	1,086	1,137	1,233	1,222	1,529
Minority Interest	17.48	17.26	21.22	21.57	17.59
Shareholders' Equity	1,104	1,154	1,254	1,243	1,546
Total Liabilities & Equity	1,880	1,875	2,189	2,273	2,751

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	440.09	404.11	543.81	639.75	801.86
Net Cash (Debt)	-238.13	-190.79	-198.66	-387.9	-343.94
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.23	-0.19	-0.20	-0.38	-0.34
Filing Date Shares Outstanding	1,014	1,014	1,014	1,014	1,014
Total Common Shares Outstanding	1,014	1,014	1,014	1,014	1,014
Working Capital	-3.18	20.96	73.23	-78.27	106.12
Book Value Per Share	1.07	1.12	1.22	1.20	1.51
Tangible Book Value	1,050	1,101	1,196	1,183	1,488
Tangible Book Value Per Share	1.03	1.09	1.18	1.17	1.47
Buildings	515.9	505.1	508.79	510.14	554.35
Machinery	697.93	713.95	809.47	893.3	999.2
Construction In Progress	-	0.19	0.19	0.75	0.05
Leasehold Improvements	920.19	1,318	1,365	1,401	1,475

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 22, 2026

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