Qilu Expressway Company Limited (HKG:1576)

Qilu Expressway Company 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	320.66	216.69	398.96	679.61	587.48	74.73
Short-Term Investments	43.07	1,110	436.85	22.3	3	2.55
Trading Asset Securities	-	-	200.8	1,005	-	464.8
Cash & Short-Term Investments	363.73	1,327	1,037	1,707	590.47	542.09
Cash Growth	-62.81%	27.99%	-39.27%	189.05%	8.92%	-66.14%
Accounts Receivable	685.6	631.5	773.23	490.03	191.74	86.36
Receivables	685.6	631.5	773.23	490.03	191.74	86.36
Inventory	56.69	25.71	43.75	17.36	3.92	3.88
Restricted Cash	6.06	4.07	2.3	0.61	-	-
Other Current Assets	804.11	73.69	49.35	198.52	42.02	0.4
Total Current Assets	1,916	2,062	1,905	2,413	828.15	632.73
Property, Plant & Equipment	2,236	2,271	534.64	388.51	382.75	411.87
Long-Term Investments	51.07	115.69	563.46	285.44	21.34	20.97
Other Intangible Assets	16,284	16,503	10,570	6,304	5,376	5,621
Long-Term Deferred Tax Assets	11.31	10.73	8.75	4.08	1.94	0.54
Other Long-Term Assets	470.75	112.94	924.62	1,017	22.46	20.59
Total Assets	20,969	21,076	14,507	10,413	6,633	6,708
Accounts Payable	2,302	3,379	787.07	311.94	148.65	84.91
Accrued Expenses	59.06	48.06	111.16	122.99	163.77	176.75
Current Portion of Long-Term Debt	883.33	841.21	545.69	339.84	352.15	534.36
Current Portion of Leases	9.66	2.82	2.9	3.24	2.87	2.93
Current Income Taxes Payable	4.12	10.28	23	18.64	54.47	79.76
Other Current Liabilities	763.28	570.04	252.71	311.62	178.38	97.74
Total Current Liabilities	4,022	4,852	1,723	1,108	900.28	976.45
Long-Term Debt	10,468	9,768	6,557	3,425	2,224	2,723
Long-Term Leases	68.38	64.01	67.19	70.21	73.04	75.91
Long-Term Unearned Revenue	6.1	5.31	5	2.46	-	-
Long-Term Deferred Tax Liabilities	163.43	145.2	84.3	57.47	20.94	10.02
Other Long-Term Liabilities	17.78	17.35	19.17	20.91	22.56	24.14
Total Liabilities	14,745	14,851	8,455	4,685	3,241	3,809
Common Stock	2,000	2,000	2,000	2,000	2,000	2,000
Retained Earnings	2,083	2,096	1,937	1,797	1,392	898.82
Comprehensive Income & Other	1,977	1,988	1,988	1,812	-	-
Total Common Equity	6,061	6,084	5,925	5,610	3,392	2,899
Minority Interest	163.16	140.87	127.06	118.42	-	-
Shareholders' Equity	6,224	6,225	6,052	5,728	3,392	2,899
Total Liabilities & Equity	20,969	21,076	14,507	10,413	6,633	6,708
Total Debt	11,429	10,676	7,173	3,839	2,652	3,336
Net Cash (Debt)	-11,065	-9,349	-6,136	-2,132	-2,061	-2,794
Net Cash Per Share	-5.53	-4.67	-3.07	-1.07	-1.03	-1.40
Filing Date Shares Outstanding	2,000	2,000	2,000	2,000	2,000	2,000
Total Common Shares Outstanding	2,000	2,000	2,000	2,000	2,000	2,000
Working Capital	-2,105	-2,790	182.69	1,305	-72.13	-343.72
Book Value Per Share	3.03	3.04	2.96	2.80	1.70	1.45
Tangible Book Value	-10,223	-10,419	-4,645	-694.7	-1,984	-2,723
Tangible Book Value Per Share	-5.11	-5.21	-2.32	-0.35	-0.99	-1.36
Buildings	-	227.64	112.21	107.95	95.5	94.51
Machinery	-	2,267	549.75	548.26	536.45	513.74
Construction In Progress	-	40.15	182.97	14.99	1.54	1.15

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