Cheerwin Group Limited (HKG:6601)

Cheerwin Group 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	1,174	1,701	1,186	1,543	1,341	2,558
Short-Term Investments	1,596	1,241	1,689	1,229	1,382	110
Cash & Short-Term Investments	2,770	2,942	2,875	2,773	2,723	2,668
Cash Growth	4.99%	2.33%	3.67%	1.84%	2.04%	201.57%
Accounts Receivable	112.71	38.83	31.41	32.3	36.69	18.95
Other Receivables	28.06	59.47	64.42	42.48	66.96	60.07
Receivables	140.77	98.3	95.83	74.77	103.65	79.02
Inventory	157.14	258.68	328.49	275.17	329.51	349.88
Prepaid Expenses	29.76	11.53	7.62	8.52	4.53	6.63
Other Current Assets	19.57	19.51	15.08	10.84	-	-
Total Current Assets	3,117	3,330	3,322	3,142	3,160	3,104
Property, Plant & Equipment	311.96	203.78	200.85	190.85	187.57	195.12
Long-Term Investments	107.77	282.4	218.37	410.09	146.03	66.9
Goodwill	223.67	-	-	6.28	3.93	-
Other Intangible Assets	73.77	-	-	9.7	11.65	-
Long-Term Deferred Tax Assets	78.58	65.84	60.4	76.99	68.06	54.13
Other Long-Term Assets	1.28	0.42	0.41	0.17	0.62	2.82
Total Assets	3,914	3,882	3,802	3,836	3,578	3,423

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	232.85	215.52	248.33	239.75	243.79	292.9
Accrued Expenses	308.17	226.48	201.01	252.51	230.07	193.57
Short-Term Debt	9	10	-	-	-	-
Current Portion of Leases	14.96	19.06	18.99	11.21	6.2	5.52
Current Income Taxes Payable	23.81	14.35	5.44	16.32	3.24	7.12
Current Unearned Revenue	47.22	335.42	292.94	334.74	243.72	169.07
Other Current Liabilities	126.24	12.1	15.27	13.21	7.89	9.83
Total Current Liabilities	762.24	832.92	781.98	867.74	734.91	678
Long-Term Leases	27.49	30.31	30.49	16.81	10.41	9.39
Long-Term Deferred Tax Liabilities	32.45	-	-	11.41	8.27	-
Other Long-Term Liabilities	23.55	-	-	2.71	-	-
Total Liabilities	845.73	863.22	812.47	898.67	753.59	687.39

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
Additional Paid-In Capital	-	2,465	2,465	2,465	2,465	2,465
Retained Earnings	-	443.47	380.19	308.81	222.83	270.47
Comprehensive Income & Other	3,073	115.06	145.38	153.24	129.13	-2.02
Total Common Equity	3,073	3,024	2,991	2,927	2,817	2,734
Minority Interest	-4.57	-4.96	-1.65	10.11	7.3	1.5
Shareholders' Equity	3,068	3,019	2,989	2,937	2,825	2,735
Total Liabilities & Equity	3,914	3,882	3,802	3,836	3,578	3,423

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	51.45	59.36	49.48	28.02	16.61	14.91
Net Cash (Debt)	2,718	2,882	2,825	2,745	2,706	2,653
Net Cash Growth	5.06%	2.02%	2.93%	1.43%	1.99%	359.13%
Net Cash Per Share	2.04	2.16	2.12	2.06	2.03	2.09
Filing Date Shares Outstanding	1,333	1,333	1,333	1,333	1,333	1,333
Total Common Shares Outstanding	1,333	1,333	1,333	1,333	1,333	1,333
Working Capital	2,355	2,497	2,540	2,274	2,425	2,426
Book Value Per Share	2.30	2.27	2.24	2.20	2.11	2.05
Tangible Book Value	2,775	3,024	2,991	2,911	2,802	2,734
Tangible Book Value Per Share	2.08	2.27	2.24	2.18	2.10	2.05
Buildings	-	150.76	127.03	127.03	124.97	117.06
Machinery	-	155.24	149.16	139.31	123.1	113.17
Construction In Progress	-	0.42	-	-	-	3.34

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 11, 2026

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