V & V Technology Holdings Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	14.38	33.96	47.19	91.9	98.86	140.96
Short-Term Investments	21.73	26.53	12.53	26.56	21.34	1.48
Cash & Short-Term Investments	36.1	60.49	59.72	118.45	120.21	142.44
Cash Growth	-53.85%	1.29%	-49.59%	-1.46%	-15.61%	16.05%
Accounts Receivable	119.73	118.11	101.82	114.66	130.22	142.41
Other Receivables	33.99	17.74	14.41	19.93	16.93	23.15
Receivables	153.72	135.85	116.23	134.59	147.15	165.56
Inventory	88.89	103.84	109.58	140.77	477.69	239.68
Prepaid Expenses	-	4.63	0.66	0.33	-	-
Other Current Assets	13.88	29.04	29.04	15	-	-
Total Current Assets	292.59	333.85	315.23	409.14	745.05	547.68
Property, Plant & Equipment	1.42	0.44	0.59	3.72	8.08	10.14
Other Intangible Assets	0.27	0.27	0.27	0.27	0.27	0.27
Other Long-Term Assets	-	-	-	-	0.79	0.78
Total Assets	294.27	334.55	316.08	413.13	754.18	558.86
Accounts Payable	86.91	88.62	115.28	131.95	308.92	295.5
Accrued Expenses	-	3.36	3.98	7.03	-	-
Short-Term Debt	105.81	151.16	117.52	220.43	302.34	54.67
Current Portion of Leases	-	-	-	2.64	3.47	2.73
Current Income Taxes Payable	0.07	0.09	0.09	0.09	0.16	6.43
Current Unearned Revenue	1.23	3.34	6.06	13.61	14.52	10.28
Other Current Liabilities	9.72	0.37	3.88	10.13	18.39	14.93
Total Current Liabilities	203.73	246.93	246.8	385.87	647.8	384.53
Long-Term Leases	-	-	-	0.06	2.9	5.61
Total Liabilities	203.73	246.93	246.8	385.93	650.7	390.14
Common Stock	14.54	14.54	9.69	6.53	6.53	6.53
Additional Paid-In Capital	106.94	106.94	88.36	54.78	54.78	54.78
Retained Earnings	-55.78	-56.88	-53.7	-57.64	10.91	80.71
Comprehensive Income & Other	24.84	23.02	24.93	23.54	31.28	26.71
Shareholders' Equity	90.54	87.61	69.28	27.2	103.49	168.72
Total Liabilities & Equity	294.27	334.55	316.08	413.13	754.18	558.86
Total Debt	105.81	151.16	117.52	223.12	308.72	63
Net Cash (Debt)	-69.7	-90.68	-57.8	-104.67	-188.51	79.44
Net Cash Per Share	-0.54	-0.87	-0.73	-1.60	-2.89	1.22
Filing Date Shares Outstanding	145.36	145.36	96.91	65.28	65.28	65.28
Total Common Shares Outstanding	145.36	145.36	96.91	65.28	65.28	65.28
Working Capital	88.86	86.91	68.43	23.27	97.26	163.14
Book Value Per Share	0.62	0.60	0.71	0.42	1.59	2.58
Tangible Book Value	90.27	87.35	69.02	26.94	103.22	168.45
Tangible Book Value Per Share	0.62	0.60	0.71	0.41	1.58	2.58
Machinery	-	5.12	5.43	5.5	5.67	5.47
Leasehold Improvements	-	0.5	0.31	4.06	4.23	3.52

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