Vanov Holdings Company Limited (HKG:2260)

Vanov Holdings Company Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	41.77	47.52	78.63	85.62	12.61
Trading Asset Securities	1.13	0.98	0.83	0.98	-
Cash & Short-Term Investments	42.9	48.5	79.46	86.6	12.61
Cash Growth	-11.54%	-38.97%	-8.25%	586.83%	-57.65%
Accounts Receivable	170.56	207.16	200.8	171.25	147.92
Other Receivables	5.87	5.48	3.77	8.92	0.91
Receivables	203.08	212.64	204.57	180.16	148.83
Inventory	38.56	29.91	19.12	17.33	11.9
Restricted Cash	17.49	42.5	-	-	-
Other Current Assets	0.94	2.58	5.36	1.38	4.65
Total Current Assets	302.97	336.12	308.52	285.48	177.99
Property, Plant & Equipment	364.57	356.09	358.05	176.72	92.36
Other Intangible Assets	38.95	38.09	80.54	39.66	38.89
Long-Term Deferred Tax Assets	1.69	1.35	0.9	0.76	0.72
Long-Term Deferred Charges	59.01	49.57	-	29.36	22.45
Other Long-Term Assets	90.63	82.14	75.05	135.71	84.35
Total Assets	857.81	863.35	823.06	667.69	416.76

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	40.28	39	26.04	20.77	25.02
Accrued Expenses	12.07	14.09	11.46	17.88	13.34
Short-Term Debt	-	5.18	3.69	-	3.82
Current Portion of Long-Term Debt	135.84	172.56	112.4	81.88	113.33
Current Portion of Leases	0.98	3.39	4.13	3.46	1.34
Current Income Taxes Payable	14.65	11.53	13.78	14.56	7.48
Current Unearned Revenue	4.28	2.77	1.4	0.49	0.51
Other Current Liabilities	13.45	16.79	18.43	9.89	20.46
Total Current Liabilities	221.55	265.3	191.32	148.92	185.29
Long-Term Debt	205.08	190.64	214.32	133.62	14.21
Long-Term Leases	0.21	-	3.39	6.67	-
Long-Term Deferred Tax Liabilities	10.37	7.69	5.03	5.12	2.28
Total Liabilities	437.22	463.62	414.05	294.33	201.78

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	3.95	3.95	3.95	3.95	0
Additional Paid-In Capital	101.42	101.42	101.42	101.42	-
Retained Earnings	306.67	286.05	256.44	221.14	168.71
Treasury Stock	-39.2	-39.2	-	-	-
Comprehensive Income & Other	43.84	43.84	43.84	43.84	43.84
Total Common Equity	416.68	396.07	405.66	370.36	212.55
Minority Interest	3.91	3.66	3.35	3	2.43
Shareholders' Equity	420.59	399.73	409.01	373.35	214.98
Total Liabilities & Equity	857.81	863.35	823.06	667.69	416.76

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	342.12	371.76	337.92	225.64	132.69
Net Cash (Debt)	-299.22	-323.27	-258.46	-139.03	-120.08
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.66	-0.69	-0.53	-0.29	-0.33
Filing Date Shares Outstanding	456.63	456.63	483.44	483.44	365.8
Total Common Shares Outstanding	456.63	456.63	483.44	483.44	365.8
Working Capital	81.42	70.82	117.2	136.56	-7.3
Book Value Per Share	0.91	0.87	0.84	0.77	0.58
Tangible Book Value	377.73	357.98	325.12	330.7	173.66
Tangible Book Value Per Share	0.83	0.78	0.67	0.68	0.47
Buildings	54.56	52.2	52.2	50.95	37.31
Machinery	391.13	372.07	148.29	95.36	93.21
Construction In Progress	54.03	49	254.34	114.88	38.97
Leasehold Improvements	8.4	3.73	3.12	2.48	1.88

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

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:

Aug 19, 2026

Data Sources Report a data error