China Ludao Technology Company Limited (HKG:2023)

HKG:2023 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	29.94	42.68	32.09	31.58	50.79	24.26
Short-Term Investments	-	1.85	1.81	0.9	2.95	2.25
Cash & Short-Term Investments	29.94	44.52	33.9	32.47	53.74	26.5
Cash Growth	20.24%	31.34%	4.39%	-39.57%	102.75%	-51.32%
Accounts Receivable	200.08	226.83	204.25	193.77	120.57	96.8
Other Receivables	63.2	44.1	28.37	28.05	28.31	5.21
Receivables	263.28	270.93	232.61	221.82	148.87	102.01
Inventory	95.56	62.75	57.59	48.64	49.92	56.86
Other Current Assets	359.03	365.94	358.69	196.33	124.2	164.98
Total Current Assets	747.81	744.14	682.8	499.25	376.73	350.36
Property, Plant & Equipment	1,075	1,068	879.03	699.74	584.39	328.31
Long-Term Investments	45.05	45.15	48.5	51.5	56.5	54.5
Other Intangible Assets	0.8	0.01	0.01	0.04	0.14	0.18
Long-Term Deferred Tax Assets	3.32	3.32	2.77	2.03	1.86	0.05
Long-Term Deferred Charges	-	1.47	1.58	1.56	0.5	-
Other Long-Term Assets	66.11	66.18	80.13	134.89	130.12	200.36
Total Assets	1,938	1,929	1,695	1,389	1,150	933.76

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	341.92	410.9	331.24	198.93	85.99	147.56
Accrued Expenses	129.17	131.18	196.82	31.16	12.2	10.52
Current Portion of Long-Term Debt	539.63	463.76	341.73	383.94	131.72	284.46
Current Portion of Leases	1.46	4.12	18	16.52	16.92	4.34
Current Income Taxes Payable	-	0.33	0.76	-	2.6	2.03
Current Unearned Revenue	27.23	28.73	57.52	16.35	14.82	21.62
Other Current Liabilities	-	3.03	3.09	1.88	2.97	3.2
Total Current Liabilities	1,039	1,042	949.15	648.79	267.21	473.72
Long-Term Debt	192.36	236.28	276.42	304.54	465.53	69.93
Long-Term Leases	0.92	0.92	4.6	7.96	24.34	1.68
Long-Term Unearned Revenue	9.18	9.18	9.49	9.81	10.22	0.35
Long-Term Deferred Tax Liabilities	42.2	42.2	7.76	8.35	8.54	8.31
Total Liabilities	1,284	1,331	1,247	979.45	775.84	553.99

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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	462.6	483.97	427.71	369.24	325.66	303.33
Comprehensive Income & Other	36.92	-40.41	-134.72	-114.1	-107.06	-79.62
Total Common Equity	653.57	597.6	447.03	409.18	372.64	377.76
Minority Interest	0.34	0.37	0.37	0.38	1.74	2.01
Shareholders' Equity	653.91	597.97	447.4	409.57	374.38	379.77
Total Liabilities & Equity	1,938	1,929	1,695	1,389	1,150	933.76

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	734.37	705.09	640.76	712.97	638.51	360.4
Net Cash (Debt)	-704.42	-660.57	-606.86	-680.5	-584.77	-333.9
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.43	-1.34	-1.23	-1.38	-1.19	-0.68
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	-291.59	-297.92	-266.36	-149.54	109.52	-123.37
Book Value Per Share	1.33	1.22	0.91	0.83	0.76	0.77
Tangible Book Value	652.77	597.59	447.02	409.14	372.5	377.57
Tangible Book Value Per Share	1.33	1.22	0.91	0.83	0.76	0.77
Buildings	-	738.25	92.36	92.52	79.53	79.07
Machinery	-	144.03	121.84	98.74	96.95	87.44
Construction In Progress	-	94.34	690.02	537.09	422.32	184.77

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

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:

Sep 12, 2026

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