V & V Technology Holdings Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	69.3	33.96	47.19	91.9	98.86
Short-Term Investments	6.38	26.53	12.53	26.56	21.34
Cash & Short-Term Investments	75.68	60.49	59.72	118.45	120.21
Cash Growth	25.12%	1.29%	-49.59%	-1.46%	-15.61%
Accounts Receivable	108.81	118.11	101.82	114.66	130.22
Other Receivables	14.91	12.05	14.41	19.93	16.93
Receivables	123.72	130.16	116.23	134.59	147.15
Inventory	167.65	113.47	109.58	140.77	477.69
Prepaid Expenses	0.38	0.68	0.66	0.33	-
Other Current Assets	11.7	29.04	29.04	15	-
Total Current Assets	379.13	333.85	315.23	409.14	745.05
Property, Plant & Equipment	1.27	0.44	0.59	3.72	8.08
Other Intangible Assets	0.27	0.27	0.27	0.27	0.27
Other Long-Term Assets	-	-	-	-	0.79
Total Assets	380.66	334.55	316.08	413.13	754.18
Accounts Payable	115.63	88.62	115.28	131.95	308.92
Accrued Expenses	2.91	3.36	3.98	7.03	-
Short-Term Debt	153.66	151.16	117.52	220.43	302.34
Current Portion of Leases	-	-	-	2.64	3.47
Current Income Taxes Payable	0.08	0.09	0.09	0.09	0.16
Current Unearned Revenue	13.82	3.34	6.06	13.61	14.52
Other Current Liabilities	1.25	0.37	3.88	10.13	18.39
Total Current Liabilities	287.34	246.93	246.8	385.87	647.8
Long-Term Leases	-	-	-	0.06	2.9
Total Liabilities	287.34	246.93	246.8	385.93	650.7
Common Stock	14.54	14.54	9.69	6.53	6.53
Additional Paid-In Capital	106.94	106.94	88.36	54.78	54.78
Retained Earnings	-53.41	-56.88	-53.7	-57.64	10.91
Comprehensive Income & Other	25.26	23.02	24.93	23.54	31.28
Shareholders' Equity	93.33	87.61	69.28	27.2	103.49
Total Liabilities & Equity	380.66	334.55	316.08	413.13	754.18
Total Debt	153.66	151.16	117.52	223.12	308.72
Net Cash (Debt)	-77.97	-90.68	-57.8	-104.67	-188.51
Net Cash Per Share	-0.54	-0.87	-0.73	-1.60	-2.89
Filing Date Shares Outstanding	145.36	145.36	96.91	65.28	65.28
Total Common Shares Outstanding	145.36	145.36	96.91	65.28	65.28
Working Capital	91.8	86.91	68.43	23.27	97.26
Book Value Per Share	0.64	0.60	0.71	0.42	1.59
Tangible Book Value	93.06	87.35	69.02	26.94	103.22
Tangible Book Value Per Share	0.64	0.60	0.71	0.41	1.58
Machinery	6.1	5.12	5.43	5.5	5.67
Leasehold Improvements	0.5	0.5	0.31	4.06	4.23