Kangqiao Service Group Limited (HKG:2205)

Kangqiao Service Group 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	136.19	132.57	355.68	345.91	540.83	134.76
Short-Term Investments	49.96	50.78	52.06	34.03	3.57	1.44
Trading Asset Securities	16.7	1.5	-	43.09	21.02	-
Cash & Short-Term Investments	202.85	184.85	407.74	423.03	565.42	136.2
Cash Growth	-48.72%	-54.66%	-3.61%	-25.18%	315.14%	132.14%
Accounts Receivable	645.55	610.86	551.53	441.24	306.99	346.76
Other Receivables	260.16	0.23	1.95	123.37	88.02	59.99
Receivables	907.71	611.08	553.48	564.61	395.01	715.57
Inventory	18.82	18.84	13.91	1.01	1.08	-
Restricted Cash	213.21	205.99	3.79	10.85	-	-
Other Current Assets	42.49	279.1	90.27	3.54	22.2	2.46
Total Current Assets	1,385	1,300	1,069	1,003	983.7	854.23
Property, Plant & Equipment	39.04	16.99	13.91	16.84	17.23	18.15
Long-Term Investments	4.32	4.27	3.2	1.95	0.93	0.2
Goodwill	-	28.32	28.32	28.32	28.32	13.82
Other Intangible Assets	48.76	22.49	26.47	24.6	27.8	7.04
Long-Term Deferred Tax Assets	61.49	56.99	39.35	21.65	9.99	6.54
Other Long-Term Assets	61.43	87.44	71.95	73.06	66.95	1.32
Total Assets	1,600	1,516	1,252	1,169	1,135	901.31
Accounts Payable	108.74	348.91	313.96	74.49	66.74	51.49
Accrued Expenses	41.23	-	-	-	-	77.16
Short-Term Debt	3	3	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	125.87
Current Portion of Leases	5.66	5.87	7.18	7.13	5	5.88
Current Income Taxes Payable	12.32	11.55	7.96	7.46	21.17	38.55
Current Unearned Revenue	198.45	158.85	146.19	104.71	138.02	108.32
Other Current Liabilities	393.47	193.6	-	199.52	176.55	96.86
Total Current Liabilities	762.87	721.78	475.29	393.32	407.49	504.11
Long-Term Debt	-	-	-	-	-	221.12
Long-Term Leases	3.15	3.75	2.25	2.39	4.78	7.31
Long-Term Unearned Revenue	14.1	4.91	4.15	5.34	8.78	-
Long-Term Deferred Tax Liabilities	5.55	7.7	6.7	6.31	7.03	1.76
Other Long-Term Liabilities	-	0.1	0.17	5.75	5.45	-
Total Liabilities	785.66	738.23	488.55	413.11	433.53	734.29
Common Stock	5.83	5.83	5.83	5.83	5.83	-
Additional Paid-In Capital	416.22	416.22	453.32	493.22	514.22	-
Retained Earnings	299.35	265.87	217.45	178.97	124.85	140.96
Comprehensive Income & Other	35.51	36.31	34.9	33.35	22.99	5
Total Common Equity	756.91	724.22	711.5	711.36	667.89	145.96
Minority Interest	57.54	53.9	52.33	45	33.51	21.05
Shareholders' Equity	814.45	778.12	763.83	756.37	701.4	167.02
Total Liabilities & Equity	1,600	1,516	1,252	1,169	1,135	901.31
Total Debt	11.8	12.61	9.43	9.52	9.79	360.17
Net Cash (Debt)	191.05	172.24	398.32	413.51	555.63	-223.97
Net Cash Growth	-50.17%	-56.76%	-3.67%	-25.58%	-	-
Net Cash Per Share	0.27	0.25	0.57	0.59	0.92	-0.43
Filing Date Shares Outstanding	700	700	700	700	700	-
Total Common Shares Outstanding	700	700	700	700	700	-
Working Capital	622.21	578.08	593.9	609.73	576.22	350.12
Book Value Per Share	1.08	1.03	1.02	1.02	0.95	-
Tangible Book Value	708.15	673.42	656.71	658.45	611.77	125.1
Tangible Book Value Per Share	1.01	0.96	0.94	0.94	0.87	-
Machinery	-	22.93	19.32	16.64	13.35	10.27
Leasehold Improvements	-	8.69	6.85	5.29	1.45	1.15

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