Top Spring International Holdings Limited (HKG:3688)

HKG:3688 Balance Sheet

Financials in millions HKD. 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	487.78	520.95	376.87	665.19	579.98	1,077
Trading Asset Securities	54.67	4.38	2.89	2.84	31.21	130.86
Cash & Short-Term Investments	542.45	525.33	379.76	668.03	611.19	1,208
Cash Growth	39.53%	38.33%	-43.15%	9.30%	-49.41%	-31.21%
Accounts Receivable	56.9	58.1	51.45	56.61	69.13	84.84
Other Receivables	330.84	313.17	227.5	91.7	343.26	628.8
Receivables	685.52	659.04	576.35	245.31	518.38	862.61
Inventory	2,231	2,601	4,108	6,301	7,146	9,952
Prepaid Expenses	188.14	141.28	117.39	442.05	260.93	498.65
Other Current Assets	1,171	1,155	2,662	2,308	2,879	3,772
Total Current Assets	4,818	5,082	7,843	9,964	11,416	16,293
Property, Plant & Equipment	6,123	5,898	6,476	8,244	8,471	9,162
Long-Term Investments	64.98	65.07	64.83	222.75	262.1	1,153
Goodwill	40.74	40.74	40.74	40.74	40.74	40.74
Other Intangible Assets	3.77	3.77	3.77	3.77	3.77	3.77
Long-Term Deferred Tax Assets	68.38	64.48	125.05	112.66	83.29	87.45
Other Long-Term Assets	34.62	33.36	1,094	1,251	1,353	1,427
Total Assets	11,154	11,187	15,647	20,041	21,833	28,374

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	205.63	158.5	217.52	235.71	194.07	182.55
Accrued Expenses	36.58	104.31	67.64	90.62	92.02	250.55
Short-Term Debt	102.3	58.89	58.89	71.93	88.28	346.31
Current Portion of Long-Term Debt	3,233	1,650	2,660	3,306	2,569	6,197
Current Portion of Leases	7.05	7.84	5.83	6.07	10.61	7.58
Current Income Taxes Payable	185.35	155.05	150.05	156.6	269.16	217.57
Current Unearned Revenue	84.99	69.5	162.17	146.77	99.06	1,927
Other Current Liabilities	1,576	1,568	1,421	2,608	2,822	3,723
Total Current Liabilities	5,431	3,772	4,743	6,622	6,144	12,851
Long-Term Debt	2,002	3,486	3,821	3,948	5,097	3,649
Long-Term Leases	19.5	24.23	28.75	28.95	35.87	39.2
Long-Term Deferred Tax Liabilities	839.5	808.86	1,030	1,318	1,274	1,465
Total Liabilities	8,292	8,091	9,623	11,918	12,551	18,004

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	141.27	141.27	141.27	141.27	141.27	141.27
Additional Paid-In Capital	-	1,952	1,952	1,952	1,952	1,952
Retained Earnings	-	2,408	5,314	7,146	8,009	8,186
Comprehensive Income & Other	2,959	-1,204	-1,339	-1,148	-878.88	23.01
Total Common Equity	3,101	3,298	6,069	8,092	9,224	10,303
Minority Interest	-238.18	-201.5	-43.89	30.96	58.13	67.01
Shareholders' Equity	2,862	3,096	6,025	8,123	9,282	10,370
Total Liabilities & Equity	11,154	11,187	15,647	20,041	21,833	28,374

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	5,364	5,226	6,574	7,361	7,801	10,239
Net Cash (Debt)	-4,822	-4,701	-6,194	-6,693	-7,189	-9,031
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.15	-3.07	-4.05	-4.38	-4.70	-5.91
Filing Date Shares Outstanding	1,529	1,529	1,529	1,529	1,529	1,529
Total Common Shares Outstanding	1,529	1,529	1,529	1,529	1,529	1,529
Working Capital	-612.34	1,310	3,101	3,342	5,272	3,442
Book Value Per Share	2.03	2.16	3.97	5.29	6.03	6.74
Tangible Book Value	3,056	3,253	6,024	8,048	9,179	10,258
Tangible Book Value Per Share	2.00	2.13	3.94	5.26	6.00	6.71
Machinery	-	116.92	116.03	115.42	115.91	122.76

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 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 10, 2026

Data Sources Report a data error