Hing Ming Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	17.13	12.37	13.29	14.21	30.42	13.8
Short-Term Investments	-	2.17	1.47	0.63	2.96	0.5
Cash & Short-Term Investments	17.13	14.54	14.76	14.84	33.38	14.3
Cash Growth	29.35%	-1.48%	-0.57%	-55.55%	133.44%	-39.66%
Accounts Receivable	15.25	26.16	22.8	23.26	17.41	14
Receivables	15.25	26.16	22.8	23.26	17.41	14
Inventory	-	1.95	2.79	6.88	0.21	0.19
Prepaid Expenses	3.05	0.44	0.74	0.2	1.14	0.61
Total Current Assets	35.43	43.08	41.08	45.18	52.14	29.09
Property, Plant & Equipment	139.32	139.08	138.48	131.04	125.63	109.68
Other Long-Term Assets	-	1.52	1.57	2.45	1.13	3.68
Total Assets	174.75	183.69	181.13	178.66	178.9	142.46
Accounts Payable	10.59	10.37	11.96	10.11	3.32	0.33
Accrued Expenses	1.87	2.13	0.43	3.34	1.93	0.89
Short-Term Debt	-	4.51	4.06	6.85	11.67	-
Current Portion of Long-Term Debt	14.17	10.11	-	-	-	-
Current Portion of Leases	4.05	7.99	7.8	7	7.99	3.28
Current Income Taxes Payable	-	-	-	-	-	0.4
Current Unearned Revenue	1.17	1.79	-	-	-	-
Other Current Liabilities	-0	5.77	14.26	5.31	7.31	-
Total Current Liabilities	31.84	42.66	38.5	32.6	32.21	4.9
Long-Term Debt	24.45	24.18	-	-	-	-
Long-Term Leases	5.65	5.78	5.42	5.65	10.88	-
Long-Term Unearned Revenue	-	0.34	-	-	-	-
Long-Term Deferred Tax Liabilities	17.36	17.19	17.38	16.38	14.45	13.17
Other Long-Term Liabilities	0.77	1.34	2.94	6.58	-	-
Total Liabilities	80.08	91.49	64.24	61.2	57.54	18.07
Common Stock	3.76	3.76	3.76	3.76	4	4
Additional Paid-In Capital	57.8	57.8	57.8	57.8	63.82	63.82
Retained Earnings	27.11	24.63	49.33	49.9	47.53	50.57
Comprehensive Income & Other	6	6	6	6	6	6
Shareholders' Equity	94.67	92.19	116.89	117.46	121.35	124.39
Total Liabilities & Equity	174.75	183.69	181.13	178.66	178.9	142.46
Total Debt	48.31	52.57	17.28	19.5	30.54	3.28
Net Cash (Debt)	-31.18	-38.03	-2.53	-4.66	2.84	11.02
Net Cash Growth	-	-	-	-	-74.20%	-16.89%
Net Cash Per Share	-0.08	-0.10	-0.01	-0.01	0.01	0.03
Filing Date Shares Outstanding	376	376	376	376	400	400
Total Common Shares Outstanding	376	376	376	376	400	400
Working Capital	3.58	0.42	2.58	12.58	19.93	24.2
Book Value Per Share	0.25	0.25	0.31	0.31	0.30	0.31
Tangible Book Value	94.67	92.19	116.89	117.46	121.35	124.39
Tangible Book Value Per Share	0.25	0.25	0.31	0.31	0.30	0.31
Machinery	-	222.77	206.87	186.35	166.68	154.39

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