Veson Holdings Limited (HKG:1399)

Veson Holdings Balance Sheet

Financials in millions CNY. 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	148.71	332.96	133.83	200.94	226.7	211.29
Cash & Short-Term Investments	148.71	332.96	133.83	200.94	226.7	211.29
Cash Growth	-41.78%	148.80%	-33.40%	-11.36%	7.29%	-47.98%
Accounts Receivable	1,460	1,781	2,397	2,025	2,568	2,040
Other Receivables	242.99	143.83	82.85	83.4	29.9	40.27
Receivables	1,703	1,925	2,479	2,108	2,598	2,080
Inventory	554.88	542.85	574.07	787.28	553.05	443.87
Prepaid Expenses	426.82	-	-	235.47	171.51	169.02
Other Current Assets	505.79	781.78	814	710.97	988.69	750.81
Total Current Assets	3,339	3,582	4,001	4,043	4,538	3,655
Property, Plant & Equipment	551.75	571.49	646.92	797.58	845.17	760.36
Long-Term Investments	20.94	20.94	20.94	20.94	-	-
Other Intangible Assets	1.98	2.2	3.03	4.19	4.54	3.27
Long-Term Deferred Tax Assets	96.33	98.97	102.64	98.7	105.36	128.45
Other Long-Term Assets	89.4	92.83	95.51	77.11	85.67	97.03
Total Assets	4,099	4,369	4,870	5,042	5,579	4,644
Accounts Payable	1,806	1,962	2,363	2,613	3,118	2,482
Accrued Expenses	-	21.65	26.16	39.67	37.16	40.46
Short-Term Debt	1.15	1.07	1.21	1.14	2.33	2.03
Current Portion of Long-Term Debt	883.3	1,003	1,037	879.44	861.66	698.18
Current Portion of Leases	1.31	4.06	6.73	7.02	6.44	7.87
Current Income Taxes Payable	-	43.45	32.06	28.77	69.78	67.55
Current Unearned Revenue	-	10.98	17.77	14.92	21.03	21.35
Other Current Liabilities	91.14	10.38	27.6	65.12	65.51	57.71
Total Current Liabilities	2,783	3,056	3,511	3,649	4,182	3,377
Long-Term Debt	241.08	219.16	263	307.1	313.33	213.77
Long-Term Leases	-	-	4.85	10.72	16.59	23.47
Long-Term Deferred Tax Liabilities	5.36	5.36	5.36	5.36	5.36	5.36
Total Liabilities	3,029	3,281	3,784	3,972	4,517	3,619
Common Stock	107.59	107.59	107.59	107.59	107.59	107.59
Additional Paid-In Capital	619.29	619.29	619.29	619.29	619.29	619.29
Retained Earnings	226.4	240.87	252.85	232.74	208.7	167.76
Comprehensive Income & Other	106.6	105.45	111.79	110.59	122.04	119.19
Total Common Equity	1,060	1,073	1,092	1,070	1,058	1,014
Minority Interest	10.16	14.57	-5.46	-0.95	3.77	10.72
Shareholders' Equity	1,070	1,088	1,086	1,069	1,061	1,025
Total Liabilities & Equity	4,099	4,369	4,870	5,042	5,579	4,644
Total Debt	1,127	1,227	1,313	1,205	1,200	945.31
Net Cash (Debt)	-978.13	-894.38	-1,179	-1,004	-973.64	-734.02
Net Cash Per Share	-0.90	-0.82	-1.08	-0.92	-0.89	-0.67
Filing Date Shares Outstanding	1,090	1,090	1,090	1,090	1,090	1,090
Total Common Shares Outstanding	1,090	1,090	1,090	1,090	1,090	1,090
Working Capital	556.08	525.85	490.23	393.92	355.93	278.03
Book Value Per Share	0.97	0.98	1.00	0.98	0.97	0.93
Tangible Book Value	1,058	1,071	1,088	1,066	1,053	1,011
Tangible Book Value Per Share	0.97	0.98	1.00	0.98	0.97	0.93
Buildings	-	370.79	373.87	432.87	433.34	5.18
Machinery	-	615.71	634.24	649.71	643.09	549.89
Construction In Progress	-	43.51	40.16	37.46	16.99	457.53
Leasehold Improvements	-	140.9	140.61	140.57	136.9	70.78

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