China Ludao Technology Company Limited (HKG:2023)

HKG:2023 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	24.9	32.09	31.58	50.79	24.26	53.71
Short-Term Investments	-	1.81	0.9	2.95	2.25	0.53
Trading Asset Securities	-	-	-	-	-	0.21
Cash & Short-Term Investments	24.9	33.9	32.47	53.74	26.5	54.44
Cash Growth	-23.99%	4.39%	-39.57%	102.75%	-51.32%	-66.24%
Accounts Receivable	194.29	204.25	193.77	120.57	96.8	101.11
Other Receivables	48.94	28.37	28.05	28.31	5.21	7.89
Receivables	243.23	232.61	221.82	148.87	102.01	109
Inventory	68.39	57.59	48.64	49.92	56.86	68.83
Other Current Assets	259.45	358.69	196.33	124.2	164.98	154.36
Total Current Assets	595.97	682.8	499.25	376.73	350.36	386.63
Property, Plant & Equipment	910.77	879.03	699.74	584.39	328.31	332.79
Long-Term Investments	48.29	48.5	51.5	56.5	54.5	61.28
Other Intangible Assets	0.92	0.01	0.04	0.14	0.18	0.26
Long-Term Deferred Tax Assets	2.77	2.77	2.03	1.86	0.05	0.07
Long-Term Deferred Charges	-	1.58	1.56	0.5	-	-
Other Long-Term Assets	80.13	80.13	134.89	130.12	200.36	78.56
Total Assets	1,639	1,695	1,389	1,150	933.76	859.6
Accounts Payable	312.06	331.24	198.93	85.99	147.56	196.83
Accrued Expenses	162.97	196.82	31.16	12.2	10.52	14.84
Current Portion of Long-Term Debt	318.22	341.73	383.94	131.72	284.46	274.98
Current Portion of Leases	1.26	18	16.52	16.92	4.34	4.43
Current Income Taxes Payable	-	0.76	-	2.6	2.03	0.61
Current Unearned Revenue	57.52	57.52	16.35	14.82	21.62	26.51
Other Current Liabilities	-	3.09	1.88	2.97	3.2	2.23
Total Current Liabilities	852.03	949.15	648.79	267.21	473.72	520.42
Long-Term Debt	266.82	276.42	304.54	465.53	69.93	-
Long-Term Leases	1.95	4.6	7.96	24.34	1.68	3.58
Long-Term Unearned Revenue	9.49	9.49	9.81	10.22	0.35	0.48
Long-Term Deferred Tax Liabilities	7.76	7.76	8.35	8.54	8.31	8.33
Total Liabilities	1,138	1,247	979.45	775.84	553.99	532.82
Common Stock	3.9	3.9	3.9	3.9	3.9	3.9
Additional Paid-In Capital	150.14	150.14	150.14	150.14	150.14	150.14
Retained Earnings	411.92	427.71	369.24	325.66	303.33	267.84
Comprehensive Income & Other	-65.54	-134.72	-114.1	-107.06	-79.62	-104.63
Total Common Equity	500.42	447.03	409.18	372.64	377.76	317.25
Minority Interest	0.4	0.37	0.38	1.74	2.01	9.53
Shareholders' Equity	500.82	447.4	409.57	374.38	379.77	326.78
Total Liabilities & Equity	1,639	1,695	1,389	1,150	933.76	859.6
Total Debt	588.24	640.76	712.97	638.51	360.4	282.99
Net Cash (Debt)	-563.34	-606.86	-680.5	-584.77	-333.9	-228.55
Net Cash Per Share	-1.15	-1.23	-1.38	-1.19	-0.68	-0.46
Filing Date Shares Outstanding	491.8	491.8	491.8	491.8	491.8	491.8
Total Common Shares Outstanding	491.8	491.8	491.8	491.8	491.8	491.8
Working Capital	-256.06	-266.36	-149.54	109.52	-123.37	-133.79
Book Value Per Share	1.02	0.91	0.83	0.76	0.77	0.65
Tangible Book Value	499.5	447.02	409.14	372.5	377.57	316.99
Tangible Book Value Per Share	1.02	0.91	0.83	0.76	0.77	0.64
Buildings	-	92.36	92.52	79.53	79.07	78.29
Machinery	-	121.84	98.74	96.95	87.44	82.71
Construction In Progress	-	690.02	537.09	422.32	184.77	182.74

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.