XXF Group Holdings Ltd (2473.HK)

Name: XXF Group Holdings Ltd Financial Statements
Creator: Quarter Results

Financial Services | Financial Credit Services

Latest reporting period: 2026-04-09

Latest Quarter

2026-04-09

Revenue

$613M

Net Income

$22.5M

Operating Margin

18.7%

Free Cash Flow

-$333M

Debt / Assets

75.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for XXF Group Holdings Ltd (2473.HK).
Income Statement (Quarterly)	2026-04-09	2025-06-30	2025-03-31	2024-12-31
Revenue	613,065,000	613,065,000	306,532,500	330,670,000
Cost of Revenue	382,191,000	382,191,000	191,095,500	216,124,500
Gross Profit	230,874,000	230,874,000	115,437,000	114,545,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	122,062,000	122,062,000	61,031,000	64,385,499
Operating Expenses	116,056,000	116,056,000	58,028,000	62,298,500
Operating Income	114,818,000	114,818,000	57,409,000	52,247,000
Interest Expense	0	86,822,000	0	0
Income Before Tax	27,920,000	27,920,000	13,960,000	13,152,000
Income Tax Expense	5,350,000	5,350,000	2,675,000	3,027,000
Net Income	22,486,000	22,486,000	11,243,000	10,142,500
Per Share
EPS	0.01	0.01	0.01	0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for XXF Group Holdings Ltd (2473.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Revenue	1,165,622,000	1,304,341,000	1,141,526,000
Cost of Revenue	727,271,000	885,329,000	767,079,000
Gross Profit	438,351,000	419,012,000	374,447,000
Operating Expenses
R&D Expenses	0	0	0
SG&A Expenses	232,630,000	231,957,000	58,660,000
Operating Expenses	226,176,000	127,668,000	179,203,000
Operating Income	212,175,000	291,344,000	234,791,000
Interest Expense	160,387,000	163,138,000	143,991,000
Income Before Tax	53,368,000	129,850,000	91,773,000
Income Tax Expense	13,639,000	20,016,000	14,691,000
Net Income	39,970,000	110,254,000	78,913,000
Per Share
EPS	0.03	0.04	0.15
EPS Diluted	0.00	0.00	0.00

Balance sheet quarterly history for XXF Group Holdings Ltd (2473.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	340,598,000	267,733,000	201,078,000
Short Term Investments	0	19,152,000	0
Net Receivables	58,340,000	699,149,000	0
Inventory	172,137,000	169,976,000	193,634,000
Total Current Assets	1,664,937,000	1,448,822,000	1,241,300,000
Property Plant Equipment	494,332,000	428,067,000	367,704,000
Goodwill and Intangibles	20,617,000	19,699,000	21,779,000
Total Assets	3,309,732,000	2,920,886,000	2,598,757,000
Liabilities
Account Payables	80,584,000	135,520,000	105,860,000
Short Term Debt	1,157,640,000	926,705,000	834,660,000
Total Current Liabilities	1,341,772,000	1,181,791,000	1,199,532,000
Long Term Debt	1,135,113,000	953,846,000	892,611,000
Total Liabilities	2,481,886,000	2,139,436,000	2,092,143,000
Shareholders Equity
Retained Earnings	296,857,000	262,156,000	153,951,000
Total Shareholders Equity	822,130,000	775,493,000	500,237,000

Balance sheet annual history for XXF Group Holdings Ltd (2473.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	340,598,000	267,733,000	201,078,000
Short Term Investments	0	19,152,000	0
Net Receivables	58,340,000	699,149,000	0
Inventory	172,137,000	169,976,000	193,634,000
Total Current Assets	1,664,937,000	1,448,822,000	1,241,300,000
Property Plant Equipment	494,332,000	428,067,000	367,704,000
Goodwill and Intangibles	20,617,000	19,699,000	21,779,000
Total Assets	3,309,732,000	2,920,886,000	2,598,757,000
Liabilities
Account Payables	80,584,000	135,520,000	105,860,000
Short Term Debt	1,157,640,000	926,705,000	834,660,000
Total Current Liabilities	1,341,772,000	1,181,791,000	1,199,532,000
Long Term Debt	1,135,113,000	953,846,000	892,611,000
Total Liabilities	2,481,886,000	2,139,436,000	2,092,143,000
Shareholders Equity
Retained Earnings	296,857,000	262,156,000	153,951,000
Total Shareholders Equity	822,130,000	775,493,000	500,237,000

Cash flow quarterly history for XXF Group Holdings Ltd (2473.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	53,368,000	129,850,000	91,773,000
Depreciation & Amortization	143,771,000	126,117,000	111,881,000
Stock Based Compensation	0	0	0
Change in Working Capital	-398,593,000	-165,211,000	-227,379,000
Operating Cash Flow	-188,069,000	1,316,000	-74,000,000
Investing Activities
Capital Expenditure	-144,710,000	-204,512,000	-149,184,000
Investments	-132,721,000	-194,825,000	-149,184,000
Investing Cash Flow	-133,725,000	-163,320,000	-119,133,000
Financing Activities
Debt Repayment	414,943,000	152,319,000	-1,003,175,000
Common Stock Issued/Repurchased	0	91,240,000	0
Dividends Paid	-3,365,000	0	0
Financing Cash Flow	394,550,000	228,547,000	314,827,000
Summary
Free Cash Flow	-332,779,000	-203,196,000	-223,184,000
Net Change in Cash	72,865,000	66,655,000	121,705,000

Cash flow annual history for XXF Group Holdings Ltd (2473.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	53,368,000	129,850,000	91,773,000
Depreciation & Amortization	143,771,000	126,117,000	111,881,000
Stock Based Compensation	0	0	0
Change in Working Capital	-398,593,000	-165,211,000	-227,379,000
Operating Cash Flow	-188,069,000	1,316,000	-74,000,000
Investing Activities
Capital Expenditure	-144,710,000	-204,512,000	-149,184,000
Investments	-132,721,000	-194,825,000	-149,184,000
Investing Cash Flow	-133,725,000	-163,320,000	-119,133,000
Financing Activities
Debt Repayment	414,943,000	152,319,000	-1,003,175,000
Common Stock Issued/Repurchased	0	91,240,000	0
Dividends Paid	-3,365,000	0	0
Financing Cash Flow	394,550,000	228,547,000	314,827,000
Summary
Free Cash Flow	-332,779,000	-203,196,000	-223,184,000
Net Change in Cash	72,865,000	66,655,000	121,705,000