Activation Group Holdings Limited (HKG:9919)

Activation Group Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	288.69	379.19	307.08	300.27	405.82	302.94
Short-Term Investments	-	-	-	-	2.85	2.55
Cash & Short-Term Investments	288.69	379.19	307.08	300.27	408.67	305.48
Cash Growth	0.02%	23.48%	2.27%	-26.52%	33.78%	127.62%
Accounts Receivable	211.27	264.94	397.64	308.86	231.69	222.7
Other Receivables	-	-	-	-	1.11	0.36
Receivables	211.27	264.94	397.64	308.86	232.8	223.06
Other Current Assets	28.38	28.81	17.94	16.24	29.22	28.84
Total Current Assets	528.35	672.93	722.65	625.37	670.69	557.38
Property, Plant & Equipment	12.72	11.45	10.42	14.67	13.82	14.83
Long-Term Investments	48.59	48.33	49.98	59.61	20	5.29
Goodwill	10.23	10.23	10.23	10.23	10.23	10.23
Other Intangible Assets	0.58	0.7	0.86	0.31	0.43	0.35
Long-Term Deferred Tax Assets	1.88	1.88	0.55	0.36	1.09	0.52
Other Long-Term Assets	0.39	0.39	0.7	0.7	-	-
Total Assets	602.73	745.91	795.4	711.25	716.24	588.6
Accounts Payable	206.58	294.7	339.41	289.6	221.76	143.46
Current Portion of Leases	2.62	1.91	3.29	3.12	1.47	4.5
Current Income Taxes Payable	7.97	15.22	23.86	13.38	21.76	13.05
Current Unearned Revenue	-	24.09	8.41	2.81	2.03	11.76
Other Current Liabilities	34.09	39.65	53.81	38.83	32.35	33.56
Total Current Liabilities	251.26	375.56	428.77	347.73	279.35	206.32
Long-Term Leases	6.92	5.89	3.29	6.48	7.27	9.25
Long-Term Deferred Tax Liabilities	3.31	3.32	3.37	3.45	0.2	0.2
Total Liabilities	261.49	384.77	435.43	357.66	286.83	215.77
Common Stock	0.66	0.66	0.66	0.66	0.67	0.67
Additional Paid-In Capital	108.97	111.97	111.97	182.54	252.35	266.83
Retained Earnings	267.92	283.28	288.3	191.48	185.05	92.61
Treasury Stock	-	-	-	-	-	-0.64
Comprehensive Income & Other	-52.78	-54.55	-61.16	-38.37	-31.76	0.45
Total Common Equity	324.78	341.36	339.77	336.31	406.32	359.93
Minority Interest	16.47	19.78	20.21	17.28	23.1	12.91
Shareholders' Equity	341.24	361.14	359.98	353.59	429.41	372.84
Total Liabilities & Equity	602.73	745.91	795.4	711.25	716.24	588.6
Total Debt	9.54	7.8	6.58	9.6	8.74	13.74
Net Cash (Debt)	279.15	371.39	300.5	290.67	399.93	291.74
Net Cash Growth	-0.23%	23.59%	3.38%	-27.32%	37.08%	595.25%
Net Cash Per Share	0.38	0.50	0.41	0.40	0.54	0.38
Filing Date Shares Outstanding	744.74	744.74	744.74	744.74	753.72	760.84
Total Common Shares Outstanding	744.74	744.74	744.74	744.74	753.72	760.84
Working Capital	277.09	297.37	293.88	277.64	391.33	351.06
Book Value Per Share	0.44	0.46	0.46	0.45	0.54	0.47
Tangible Book Value	313.97	330.43	328.68	325.77	395.66	349.35
Tangible Book Value Per Share	0.42	0.44	0.44	0.44	0.52	0.46
Machinery	-	8.75	8.54	8.14	7.07	6.87
Leasehold Improvements	-	7.96	7.11	6.89	4.75	1.17

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