Kangqiao Service Group Limited (HKG:2205)

Kangqiao Service Group 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	134.69	157.63	132.57	355.68	345.91	540.83
Short-Term Investments	52.14	53.74	50.78	52.06	34.03	3.57
Trading Asset Securities	23.1	-	1.5	-	43.09	21.02
Cash & Short-Term Investments	209.93	211.37	184.85	407.74	423.03	565.42
Cash Growth	3.49%	14.35%	-54.66%	-3.61%	-25.18%	315.14%
Accounts Receivable	648.06	601.82	610.86	551.53	441.24	306.99
Other Receivables	830.24	14.49	21.04	1.95	123.37	88.02
Receivables	1,481	616.31	631.89	553.48	564.61	395.01
Inventory	18.76	18.77	18.84	13.91	1.01	1.08
Restricted Cash	2.15	209.22	205.99	3.79	10.85	-
Other Current Assets	4.44	751.75	258.29	90.27	3.54	22.2
Total Current Assets	1,717	1,807	1,300	1,069	1,003	983.7
Property, Plant & Equipment	13.7	13.6	16.99	13.91	16.84	17.23
Long-Term Investments	6.28	4.8	4.27	3.2	1.95	0.93
Goodwill	-	28.32	28.32	28.32	28.32	28.32
Other Intangible Assets	44.77	18.4	22.49	26.47	24.6	27.8
Long-Term Deferred Tax Assets	98.56	88.78	56.99	39.35	21.65	9.99
Other Long-Term Assets	64.31	72.5	87.44	71.95	73.06	66.95
Total Assets	1,944	2,034	1,516	1,252	1,169	1,135

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	107.89	364.27	348.91	313.96	74.49	66.74
Accrued Expenses	43.71	-	-	-	-	-
Short-Term Debt	-	-	3	-	-	-
Current Portion of Leases	4.98	5.94	5.87	7.18	7.13	5
Current Income Taxes Payable	14.87	7.47	11.55	7.96	7.46	21.17
Current Unearned Revenue	226.87	162.33	158.85	146.19	104.71	138.02
Other Current Liabilities	753.3	726.73	193.6	-	199.52	176.55
Total Current Liabilities	1,152	1,267	721.78	475.29	393.32	407.49
Long-Term Leases	3.84	4.23	3.75	2.25	2.39	4.78
Long-Term Unearned Revenue	5.44	13.18	4.91	4.15	5.34	8.78
Long-Term Deferred Tax Liabilities	5.23	1.76	7.7	6.7	6.31	7.03
Other Long-Term Liabilities	-	-	0.1	0.17	5.75	5.45
Total Liabilities	1,166	1,286	738.23	488.55	413.11	433.53

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	5.83	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	205.48	229.12	265.87	217.45	178.97	124.85
Comprehensive Income & Other	502.98	35.53	36.31	34.9	33.35	22.99
Total Common Equity	714.29	686.69	724.22	711.5	711.36	667.89
Minority Interest	63.78	61.2	53.9	52.33	45	33.51
Shareholders' Equity	778.06	747.89	778.12	763.83	756.37	701.4
Total Liabilities & Equity	1,944	2,034	1,516	1,252	1,169	1,135

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	8.82	10.17	12.61	9.43	9.52	9.79
Net Cash (Debt)	201.11	201.2	172.24	398.32	413.51	555.63
Net Cash Growth	5.27%	16.82%	-56.76%	-3.67%	-25.58%	-
Net Cash Per Share	0.29	0.29	0.25	0.57	0.59	0.92
Filing Date Shares Outstanding	700	700	700	700	700	700
Total Common Shares Outstanding	700	700	700	700	700	700
Working Capital	564.95	540.67	578.08	593.9	609.73	576.22
Book Value Per Share	1.02	0.98	1.03	1.02	1.02	0.95
Tangible Book Value	669.52	639.97	673.42	656.71	658.45	611.77
Tangible Book Value Per Share	0.96	0.91	0.96	0.94	0.94	0.87
Machinery	-	26.53	22.93	19.32	16.64	13.35
Leasehold Improvements	-	9.36	8.69	6.85	5.29	1.45

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 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 10, 2026

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