HKG:2528 Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	76.44	46.23	73.3	69.88	115.89
Short-Term Investments	1.31	48.06	57.16	61.95	89.19
Cash & Short-Term Investments	77.75	94.29	130.46	131.83	205.08
Cash Growth	-17.54%	-27.73%	-1.04%	-35.72%	-33.79%
Accounts Receivable	56.21	67.54	49.04	44.22	49.79
Other Receivables	27.62	1.5	3.18	5.93	16.07
Receivables	83.83	69.04	52.22	50.15	65.86
Inventory	210.19	252.05	308.22	274.11	260.41
Prepaid Expenses	18.91	9.53	12.82	9.99	18.52
Restricted Cash	-	-	-	17.99	26.22
Other Current Assets	18.11	30.4	37.81	34.49	72.04
Total Current Assets	408.79	455.31	541.52	518.57	648.12
Property, Plant & Equipment	208.27	319.48	310.72	279.07	378.47
Long-Term Investments	-	-	0.6	1.72	11.7
Other Intangible Assets	3.28	3.79	5.51	8.11	7.57
Long-Term Deferred Tax Assets	14.14	10.55	16.19	20.98	19.8
Other Long-Term Assets	38.83	33.34	37.62	82.03	63.71
Total Assets	673.32	822.45	912.17	910.46	1,129
Accounts Payable	81.99	147.96	167.74	128.37	110.05
Accrued Expenses	63.82	63.69	61.04	54.34	72.74
Short-Term Debt	-	45.51	171.29	182.6	257.07
Current Portion of Long-Term Debt	27.1	26.76	9.24	12.9	0.09
Current Portion of Leases	62.84	91.16	89.59	91.56	148.07
Current Income Taxes Payable	-	-	3.13	8.82	12.58
Current Unearned Revenue	6.47	11.56	4.67	4.53	3.91
Other Current Liabilities	70.29	32.53	28.89	35.19	37.63
Total Current Liabilities	312.51	419.16	535.57	518.31	642.13
Long-Term Debt	18.25	24.21	22.67	45.29	30.98
Long-Term Leases	55.58	123.85	96.58	70.69	119.38
Long-Term Deferred Tax Liabilities	4.14	0.1	2.12	6.27	2.44
Other Long-Term Liabilities	85.58	123.87	36.58	28.32	34.81
Total Liabilities	476.06	691.2	693.52	668.88	829.74
Common Stock	4	4	4	4	4
Additional Paid-In Capital	859.23	859.23	859.23	859.23	859.23
Retained Earnings	-52.23	-103.04	-26.15	-9.3	23.84
Comprehensive Income & Other	-598.23	-611.04	-608.27	-604.96	-582.59
Total Common Equity	212.77	149.15	228.81	248.98	304.48
Minority Interest	-15.52	-17.9	-10.17	-7.4	-4.84
Shareholders' Equity	197.25	131.25	218.64	241.58	299.64
Total Liabilities & Equity	673.32	822.45	912.17	910.46	1,129
Total Debt	163.78	311.49	389.37	403.04	555.58
Net Cash (Debt)	-86.03	-217.2	-258.91	-271.2	-350.5
Net Cash Per Share	-0.22	-0.54	-0.65	-0.68	-0.88
Filing Date Shares Outstanding	400	400	400	400	400
Total Common Shares Outstanding	400	400	400	400	400
Working Capital	96.28	36.15	5.95	0.25	6
Book Value Per Share	0.53	0.37	0.57	0.62	0.76
Tangible Book Value	209.49	145.36	223.3	240.87	296.91
Tangible Book Value Per Share	0.52	0.36	0.56	0.60	0.74
Land	-	67.02	83.58	-	-
Buildings	-	-	-	83.58	83.58
Machinery	-	41.23	39.76	38.9	37.34
Leasehold Improvements	-	319.45	312.4	303.83	281.5

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