PATEO CONNECT Technology (Shanghai) Corporation (HKG:2889)

HKG:2889 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	1,537	1,444	977.01	257.04	587.86
Short-Term Investments	46.55	102.88	95.27	84.26	171.44
Trading Asset Securities	174.64	187.81	487.79	457.14	165.28
Cash & Short-Term Investments	1,758	1,735	1,560	798.44	924.59
Cash Growth	9.71%	11.20%	95.39%	-13.64%	-
Accounts Receivable	1,868	1,673	1,134	622.52	421.9
Other Receivables	222.72	340.18	199.57	35.48	27.73
Receivables	2,090	2,013	1,333	658	449.63
Inventory	1,281	766.12	505.83	489.53	471.47
Prepaid Expenses	3.99	3.98	14.83	12.82	15.29
Other Current Assets	389.96	181.34	167.25	157.58	137.57
Total Current Assets	5,523	4,699	3,581	2,116	1,999
Property, Plant & Equipment	1,082	936.24	600.4	458.03	277.35
Long-Term Investments	81.69	84.64	112.26	-	-
Other Long-Term Assets	292.22	117.44	13.87	6.35	11.01
Total Assets	7,380	5,837	4,308	2,581	2,287

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Accounts Payable	1,208	916.73	603.35	586.03	447.02
Accrued Expenses	120.11	128.82	130.21	102.88	115.32
Current Portion of Long-Term Debt	2,420	1,854	1,348	838.54	560.98
Current Portion of Leases	36.2	34.91	57.08	34.16	30.29
Current Unearned Revenue	119.28	64.16	34.65	12.08	48.76
Other Current Liabilities	207.29	177.28	158.33	141.99	111.2
Total Current Liabilities	4,111	3,175	2,332	1,716	1,314
Long-Term Debt	548.42	328.49	247.29	169.32	30
Long-Term Leases	42.56	33.29	59.86	60.48	46.76
Long-Term Unearned Revenue	99.87	100.46	83.59	2.69	47.88
Other Long-Term Liabilities	55.3	47.89	39.18	33.68	31.43
Total Liabilities	4,874	3,686	2,762	1,982	1,470

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Common Stock	161.82	149.99	139.55	117.97	117.97
Additional Paid-In Capital	4,993	3,973	2,729	1,420	1,420
Retained Earnings	-2,954	-2,648	-1,555	-1,013	-729.58
Comprehensive Income & Other	286.75	677.31	230.86	73.69	8.28
Total Common Equity	2,488	2,152	1,545	598.04	816.53
Minority Interest	17.65	-0.39	1.28	0.86	0.73
Shareholders' Equity	2,506	2,152	1,546	598.9	817.26
Total Liabilities & Equity	7,380	5,837	4,308	2,581	2,287

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Total Debt	3,047	2,250	1,712	1,103	668.04
Net Cash (Debt)	-1,289	-515.45	-152.33	-304.07	256.55
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-8.67	-3.62	-1.16	-2.58	2.43
Filing Date Shares Outstanding	161.82	149.99	139.55	117.97	105.56
Total Common Shares Outstanding	161.82	149.99	139.55	117.97	105.56
Working Capital	1,412	1,524	1,249	400.69	684.97
Book Value Per Share	15.38	14.35	11.07	5.07	7.73
Tangible Book Value	2,088	2,152	1,545	598.04	816.53
Tangible Book Value Per Share	12.90	14.35	11.07	5.07	7.73
Buildings	-	232.11	12.32	12.32	-
Machinery	-	358	217.25	177.54	104.97
Construction In Progress	-	337.04	287.12	191.68	137.58
Leasehold Improvements	-	68.54	50.38	32.1	22.73

Data Source: S&P Global Market Intelligence Last updated: Sep 29, 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:

Oct 11, 2026

Data Sources Report a data error