Marketingforce Management Ltd (HKG:2556)

Marketingforce Management 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	2,186	1,244	790.92	138.02	203.51	215.66
Short-Term Investments	1,126	920.62	190.52	64.21	24.99	15.03
Trading Asset Securities	18.8	41.91	-	-	-	-
Cash & Short-Term Investments	3,330	2,207	981.44	202.23	228.49	230.69
Cash Growth	80.52%	124.83%	385.31%	-11.49%	-0.95%	-
Accounts Receivable	755.19	576.81	143.7	112.66	130.89	174.22
Other Receivables	69.74	57.31	62.5	27.97	42.69	25.87
Receivables	824.93	634.12	206.2	140.63	173.57	200.08
Inventory	10.48	8.58	-	-	-	-
Prepaid Expenses	42.1	33.4	31.26	23.64	20.59	26.13
Restricted Cash	0.18	0.11	1.07	20.48	9.11	-
Other Current Assets	2,134	2,242	1,691	1,686	1,331	1,075
Total Current Assets	6,342	5,125	2,911	2,072	1,762	1,532
Property, Plant & Equipment	78	83.03	121.39	208.67	294.09	265.52
Other Intangible Assets	1.8	2.22	3.78	2.88	3.76	5.09
Long-Term Deferred Tax Assets	-	2.5	-	-	0.06	0.02
Long-Term Deferred Charges	3.39	3.05	2.22	1.39	1.11	0.36
Other Long-Term Assets	16.63	13.66	14.08	17.46	14.99	8
Total Assets	6,450	5,229	3,053	2,303	2,076	1,811

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	157.77	105.84	75.09	50.95	43.67	15.57
Accrued Expenses	34.39	45.15	34.48	39.75	44.2	45.4
Current Portion of Long-Term Debt	2,185	1,843	1,023	1,844	412.88	507.43
Current Portion of Leases	36.62	36.78	37.99	54.3	71.36	43.25
Current Income Taxes Payable	0.18	2.58	0.04	0.01	0.01	4.36
Current Unearned Revenue	539.87	535.71	363.18	513.32	420.55	359.39
Other Current Liabilities	867.6	561.69	744.75	602.31	564.3	190.88
Total Current Liabilities	3,822	3,131	2,278	3,104	1,557	1,166
Long-Term Debt	-	-	-	-	1,096	942.48
Long-Term Leases	11.18	19.97	49.43	89.64	136.6	126.28
Long-Term Unearned Revenue	85.77	107.01	64.99	66.34	64.72	57.3
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.01
Other Long-Term Liabilities	48.29	61.65	2.13	3.37	1.58	1.43
Total Liabilities	3,967	3,320	2,395	3,264	2,856	2,294

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	0	0	0	0	0	0
Retained Earnings	-	-1,469	-1,558	-681.04	-511.56	-295.11
Comprehensive Income & Other	2,477	3,333	2,216	-279.66	-268.33	-187.58
Total Common Equity	2,441	1,864	658.09	-960.7	-779.89	-482.69
Minority Interest	42.23	45.33	-	-	-	-
Shareholders' Equity	2,483	1,909	658.09	-960.7	-779.89	-482.69
Total Liabilities & Equity	6,450	5,229	3,053	2,303	2,076	1,811

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	2,233	1,900	1,110	1,988	1,717	1,619
Net Cash (Debt)	1,097	306.36	-128.57	-1,785	-1,489	-1,389
Net Cash Growth	382.44%	-	-	-	-	-
Net Cash Per Share	4.26	1.21	-0.61	-10.62	-8.86	-9.25
Filing Date Shares Outstanding	258.37	256.27	236.16	235.16	168.09	150.11
Total Common Shares Outstanding	258.37	256.27	236.16	178.62	168.09	150.11
Working Capital	2,520	1,994	633.18	-1,032	205.47	365.81
Book Value Per Share	9.45	7.27	2.79	-5.38	-4.64	-3.22
Tangible Book Value	2,439	1,862	654.31	-963.58	-783.65	-487.78
Tangible Book Value Per Share	9.44	7.27	2.77	-5.39	-4.66	-3.25
Machinery	-	128.02	137.96	158.16	156.78	133.36
Leasehold Improvements	-	87.84	87.84	98.08	86.67	62.27

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Aug 19, 2026

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