S.A.S. Dragon Holdings 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	3,768	2,927	1,580	1,432	1,759
Trading Asset Securities	105.14	126.94	89.37	109.23	130.44
Cash & Short-Term Investments	3,873	3,054	1,670	1,541	1,889
Cash Growth	26.81%	82.93%	8.32%	-18.43%	57.63%
Accounts Receivable	4,191	2,862	2,946	2,717	2,992
Other Receivables	132.5	84.12	83.57	89.44	74.75
Receivables	4,323	2,946	3,029	2,806	3,067
Inventory	1,568	3,062	1,780	2,398	2,654
Prepaid Expenses	43.06	27.56	65.25	25.55	200.31
Other Current Assets	37.4	64.67	35.98	39.3	26.24
Total Current Assets	9,844	9,154	6,580	6,811	7,837
Property, Plant & Equipment	516.89	544.93	511.62	553.3	586.42
Long-Term Investments	14.62	13.51	45.38	41.71	66.53
Other Intangible Assets	16.79	17	17.11	14.48	14.48
Long-Term Accounts Receivable	7.11	-	0.19	2.94	9.99
Long-Term Deferred Tax Assets	9.28	10.1	8.66	9.48	9.6
Other Long-Term Assets	488.4	507.6	662.66	706.44	810.3
Total Assets	10,897	10,247	7,826	8,139	9,334
Accounts Payable	3,738	3,837	2,941	2,696	3,189
Accrued Expenses	111.78	92.01	93.94	107.62	91.12
Short-Term Debt	2,602	2,136	839.66	1,275	2,260
Current Portion of Long-Term Debt	75	249.28	114.25	107.96	20.26
Current Portion of Leases	0.26	0.66	0.24	0.23	0.58
Current Income Taxes Payable	112.45	54.76	120.27	206.99	139.06
Current Unearned Revenue	65.36	74.29	90.1	209.31	367
Other Current Liabilities	628.57	709.85	672.36	283.09	149.02
Total Current Liabilities	7,333	7,154	4,872	4,886	6,216
Long-Term Debt	-	-	102.8	216.23	233.94
Long-Term Leases	0.21	-	0.71	0.95	0.21
Long-Term Deferred Tax Liabilities	4.88	9.3	21.46	25.13	40.43
Total Liabilities	7,338	7,163	4,997	5,128	6,491
Common Stock	62.58	62.58	62.58	62.58	62.58
Additional Paid-In Capital	20.04	20.04	20.04	20.04	20.04
Retained Earnings	2,978	2,672	2,421	2,236	2,086
Comprehensive Income & Other	122.18	108.5	133.67	138.24	221.38
Total Common Equity	3,183	2,863	2,637	2,457	2,390
Minority Interest	375.36	220.74	191.49	553.23	452.94
Shareholders' Equity	3,559	3,084	2,829	3,010	2,843
Total Liabilities & Equity	10,897	10,247	7,826	8,139	9,334
Total Debt	2,677	2,386	1,058	1,600	2,515
Net Cash (Debt)	1,196	668.04	611.86	-59.18	-625.82
Net Cash Growth	79.00%	9.18%	-	-	-
Net Cash Per Share	1.91	1.07	0.98	-0.09	-1.00
Filing Date Shares Outstanding	625.84	625.84	625.84	625.84	625.84
Total Common Shares Outstanding	625.84	625.84	625.84	625.84	625.84
Working Capital	2,511	2,000	1,708	1,924	1,621
Book Value Per Share	5.09	4.57	4.21	3.93	3.82
Tangible Book Value	3,166	2,846	2,620	2,443	2,376
Tangible Book Value Per Share	5.06	4.55	4.19	3.90	3.80
Land	432.07	430.81	365.38	364.95	368.95
Machinery	239.57	235.77	228.35	230.98	218.56
Leasehold Improvements	55.47	55.25	55.01	53.86	54.37

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