Vanov Holdings Company Limited (HKG:2260)

Vanov Holdings Company 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	14.74	41.77	47.52	78.63	85.62	12.61
Trading Asset Securities	0.31	1.13	0.98	0.83	0.98	-
Cash & Short-Term Investments	15.06	42.9	48.5	79.46	86.6	12.61
Cash Growth	-70.99%	-11.54%	-38.97%	-8.25%	586.83%	-57.65%
Accounts Receivable	160.31	170.56	207.16	200.8	171.25	147.92
Other Receivables	5.65	5.87	5.48	3.77	8.92	0.91
Receivables	188.95	203.08	212.64	204.57	180.16	148.83
Inventory	49.92	38.56	29.91	19.12	17.33	11.9
Restricted Cash	21.77	17.49	42.5	-	-	-
Other Current Assets	3.82	0.94	2.58	5.36	1.38	4.65
Total Current Assets	279.51	302.97	336.12	308.52	285.48	177.99
Property, Plant & Equipment	401.89	364.57	356.09	358.05	176.72	92.36
Other Intangible Assets	96.64	38.95	38.09	80.54	39.66	38.89
Long-Term Deferred Tax Assets	1.74	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	83.77	90.63	82.14	75.05	135.71	84.35
Total Assets	863.54	857.81	863.35	823.06	667.69	416.76

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	45.58	40.28	39	26.04	20.77	25.02
Accrued Expenses	7.6	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	150.59	135.84	172.56	112.4	81.88	113.33
Current Portion of Leases	4.35	0.98	3.39	4.13	3.46	1.34
Current Income Taxes Payable	12.1	14.65	11.53	13.78	14.56	7.48
Current Unearned Revenue	3.27	4.28	2.77	1.4	0.49	0.51
Other Current Liabilities	22.23	13.45	16.79	18.43	9.89	20.46
Total Current Liabilities	245.71	221.55	265.3	191.32	148.92	185.29
Long-Term Debt	192.1	205.08	190.64	214.32	133.62	14.21
Long-Term Leases	15.86	0.21	-	3.39	6.67	-
Long-Term Deferred Tax Liabilities	11.12	10.37	7.69	5.03	5.12	2.28
Total Liabilities	464.78	437.22	463.62	414.05	294.33	201.78

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	3.95	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	390.89	43.84	43.84	43.84	43.84	43.84
Total Common Equity	394.84	416.68	396.07	405.66	370.36	212.55
Minority Interest	3.92	3.91	3.66	3.35	3	2.43
Shareholders' Equity	398.76	420.59	399.73	409.01	373.35	214.98
Total Liabilities & Equity	863.54	857.81	863.35	823.06	667.69	416.76

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	362.89	342.12	371.76	337.92	225.64	132.69
Net Cash (Debt)	-347.83	-299.22	-323.27	-258.46	-139.03	-120.08
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.77	-0.66	-0.69	-0.53	-0.29	-0.33
Filing Date Shares Outstanding	436.44	456.63	456.63	483.44	483.44	365.8
Total Common Shares Outstanding	436.44	456.63	456.63	483.44	483.44	365.8
Working Capital	33.8	81.42	70.82	117.2	136.56	-7.3
Book Value Per Share	0.90	0.91	0.87	0.84	0.77	0.58
Tangible Book Value	298.21	377.73	357.98	325.12	330.7	173.66
Tangible Book Value Per Share	0.68	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: Aug 25, 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 13, 2026

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