Samfine Creation Holdings Group Limited (SFHG) Balance Sheet

NASDAQ: SFHGAssets, liabilities, debt and equity over 5 years.

SFHG balance sheet, 2025

December 31, 2025 · Hong Kong dollars

HK$172.3M assets = HK$120.5M liabilities + HK$51.8M equity

Both columns are drawn to the same scale: what SFHG owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SFHG financial health

Current ratio1.14

Adequate · current assets cover current liabilities 1.14×

Debt / equity1.16

Moderate leverage · HK$1.16 of debt for each $1 of equity

Equity / assets30.1%

Balanced · of assets funded by shareholders

Cash / debt77.0%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles0.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SFHG balance sheet trends, 2021–2025

Samfine Creation Holdings Group Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	HK$147.4M2021	HK$172.3M2025	+4.0%/yr
Total liabilities	HK$124.3M2021	HK$120.5M2025	−0.8%/yr
Shareholders’ equity	HK$23.1M2021	HK$51.8M2025	+22.4%/yr
Cash & short-term investments	HK$11.6M2021	HK$46.2M2025	+41.2%/yr
Total debt	HK$46.1M2021	HK$60.0M2025	+6.8%/yr
Net cash (debt)	−HK$34.4M2021	−HK$13.8M2025	+HK$20.6M
Working capital	HK$11.9M2021	HK$12.9M2025	+HK$1.0M
Current ratio	1.122021	1.142025	+0.02
Debt / equity	2.002021	1.162025	−0.84
Shares outstanding	820K2021	4.1M2025	+49.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SFHG assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SFHG liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SFHG debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SFHG balance sheet in Hong Kong dollars

Samfine Creation Holdings Group Limited annual balance sheet
	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	HK$46.2M	HK$46.2M	HK$18.9M	HK$25.4M	HK$11.6M
Cash & equivalents	HK$46.2M	HK$44.6M	HK$17.3M	HK$25.4M	HK$11.6M
Short-term investments	HK$0	HK$1.6M	HK$1.6M	HK$0	—
Receivables	HK$29.3M	HK$26.2M	HK$34.9M	HK$23.5M	HK$64.9M
Inventory	HK$12.8M	HK$11.8M	HK$8.3M	HK$5.7M	HK$17.0M
Other current assets	HK$13.8M	HK$33.3M	HK$15.5M	HK$17.6M	HK$14.5M
Total current assets	HK$102.1M	HK$117.5M	HK$77.6M	HK$72.2M	HK$108.0M
Property, plant & equipment (net)	HK$56.7M	HK$29.7M	HK$22.2M	HK$26.7M	HK$35.3M
Goodwill & intangible assets	HK$650,629	HK$674,777	HK$869,832	HK$826,247	HK$398,411
Long-term investments	HK$1.6M	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$11.3M	HK$16.1M	HK$4.6M	HK$3.7M	HK$3.7M
Total assets	HK$172.3M	HK$163.9M	HK$105.3M	HK$103.5M	HK$147.4M
Liabilities
Accounts payable	HK$54.0M	HK$54.4M	HK$47.5M	HK$41.2M	HK$70.1M
Short-term debt	HK$28.7M	HK$15.7M	HK$13.6M	HK$14.4M	HK$17.9M
Deferred revenue	HK$908,300	HK$9.1M	HK$1.5M	HK$1.1M	HK$682,149
Total current liabilities	HK$89.2M	HK$83.1M	HK$70.4M	HK$59.4M	HK$96.1M
Long-term debt	HK$10.8M	HK$3.8M	HK$10.5M	HK$13.3M	HK$17.3M
Lease obligations	HK$25.7M	HK$7.0M	HK$5.2M	HK$10.0M	HK$16.2M
Other long-term liabilities	HK$20.6M	HK$4.8M	HK$1.1M	HK$5.2M	HK$10.9M
Total liabilities	HK$120.5M	HK$91.7M	HK$82.0M	HK$77.9M	HK$124.3M
Shareholders' equity
Common stock & paid-in capital	HK$9,884	HK$9,889	HK$8,775	HK$8,775	HK$8,775
Retained earnings (deficit)	−HK$19.4M	HK$437,966	HK$3.1M	HK$6.8M	HK$3.1M
Accumulated other comprehensive income	HK$2.5M	HK$3.1M	HK$4.7M	HK$3.3M	HK$4.5M
Total shareholders' equity	HK$51.8M	HK$72.2M	HK$23.3M	HK$25.5M	HK$23.1M
Key figures
Total debt	HK$60.0M	HK$24.1M	HK$25.2M	HK$32.9M	HK$46.1M
Net cash (debt)	−HK$13.8M	HK$22.1M	−HK$6.3M	−HK$7.5M	−HK$34.4M
Working capital	HK$12.9M	HK$34.4M	HK$7.3M	HK$12.8M	HK$11.9M
Tangible book value	HK$51.1M	HK$71.6M	HK$22.5M	HK$24.7M	HK$22.7M
Shares outstanding	4.1M	800K	800K	820K	820K
Current ratio	1.14	1.41	1.10	1.22	1.12
Quick ratio	0.85	0.87	0.76	0.82	0.80
Debt / equity	1.16	0.33	1.08	1.29	2.00
Equity / assets	30.1%	44.1%	22.2%	24.7%	15.7%

Samfine Creation Holdings Group Limited quarterly balance sheet
	Jun '26	Dec '25	Sep '25	Mar '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Assets
Cash & short-term investments	HK$33.7M	HK$46.2M	HK$36.1M	HK$46.2M	HK$46.2M	HK$19.1M	HK$18.9M	HK$18.5M	HK$25.4M
Cash & equivalents	HK$33.7M	HK$46.2M	HK$36.1M	HK$44.6M	HK$44.6M	HK$17.6M	HK$17.3M	HK$17.0M	HK$25.4M
Short-term investments	—	HK$0	—	HK$1.6M	HK$1.6M	HK$1.6M	HK$1.6M	HK$1.6M	—
Receivables	HK$33.4M	HK$29.3M	HK$33.4M	HK$26.2M	HK$23.7M	HK$52.2M	HK$34.9M	HK$27.9M	HK$23.5M
Inventory	HK$13.1M	HK$12.8M	HK$10.4M	HK$11.8M	HK$11.8M	HK$10.5M	HK$8.3M	HK$7.0M	HK$5.7M
Other current assets	HK$20.6M	HK$13.8M	HK$19.3M	HK$33.3M	HK$35.8M	HK$19.0M	HK$15.5M	HK$9.7M	HK$17.6M
Total current assets	HK$100.8M	HK$102.1M	HK$99.2M	HK$117.5M	HK$117.5M	HK$100.8M	HK$77.6M	HK$63.1M	HK$72.2M
Property, plant & equipment (net)	HK$55.2M	HK$56.7M	HK$54.1M	HK$29.7M	HK$29.7M	HK$23.8M	HK$22.2M	HK$22.6M	HK$26.7M
Goodwill & intangible assets	HK$593,044	HK$650,629	HK$718,076	HK$674,777	HK$674,777	HK$651,620	HK$869,832	HK$728,926	HK$826,247
Long-term investments	HK$0	HK$1.6M	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Other non-current assets	HK$5.3M	HK$11.3M	HK$15.0M	HK$16.1M	HK$16.1M	HK$2.4M	HK$4.6M	HK$3.7M	HK$3.7M
Total assets	HK$161.9M	HK$172.3M	HK$169.0M	HK$163.9M	HK$163.9M	HK$127.7M	HK$105.3M	HK$90.1M	HK$103.5M
Liabilities
Accounts payable	HK$54.1M	HK$54.0M	HK$49.5M	HK$54.4M	HK$54.4M	HK$67.1M	HK$47.5M	HK$30.5M	HK$41.2M
Short-term debt	HK$29.5M	HK$28.7M	HK$19.3M	HK$15.7M	—	HK$15.6M	HK$13.6M	HK$18.7M	HK$14.4M
Deferred revenue	HK$3.3M	HK$908,300	HK$3.4M	HK$9.1M	—	HK$7.8M	HK$1.5M	HK$1.1M	HK$1.1M
Total current liabilities	HK$94.1M	HK$89.2M	HK$77.5M	HK$83.1M	HK$83.1M	HK$98.1M	HK$70.4M	HK$56.4M	HK$59.4M
Long-term debt	HK$0	HK$10.8M	HK$0	HK$0	HK$3.8M	HK$4.8M	HK$10.5M	HK$9.7M	HK$0
Lease obligations	—	HK$25.7M	—	—	HK$7.0M	HK$4.6M	HK$5.2M	HK$7.3M	—
Other long-term liabilities	HK$30.3M	HK$20.6M	HK$28.4M	HK$8.6M	HK$4.8M	HK$1.1M	HK$1.1M	HK$2.9M	HK$18.5M
Total liabilities	HK$124.5M	HK$120.5M	HK$105.9M	HK$91.7M	HK$91.7M	HK$104.0M	HK$82.0M	HK$69.1M	HK$77.9M
Shareholders' equity
Common stock & paid-in capital	HK$9,890	HK$9,884	HK$9,882	HK$9,889	—	HK$8,775	HK$8,775	HK$8,775	HK$8,775
Retained earnings (deficit)	−HK$34.2M	−HK$19.4M	−HK$8.0M	HK$437,966	HK$437,966	HK$4.2M	HK$3.1M	HK$3.0M	HK$6.8M
Accumulated other comprehensive income	HK$3.0M	HK$2.5M	HK$2.5M	HK$3.1M	—	HK$3.9M	HK$4.7M	HK$2.5M	HK$3.3M
Total shareholders' equity	HK$37.4M	HK$51.8M	HK$63.2M	HK$72.2M	HK$72.2M	HK$23.6M	HK$23.3M	HK$21.0M	HK$25.5M
Key figures
Total debt	HK$59.8M	HK$60.0M	HK$68.9M	HK$24.1M	HK$3.8M	HK$21.6M	HK$25.2M	HK$31.4M	HK$32.9M
Net cash (debt)	−HK$26.1M	−HK$13.8M	−HK$32.7M	HK$22.1M	HK$42.4M	−HK$2.4M	−HK$6.3M	−HK$12.9M	−HK$7.5M
Working capital	HK$6.7M	HK$12.9M	HK$21.8M	HK$34.4M	HK$34.4M	HK$2.7M	HK$7.3M	HK$6.7M	HK$12.8M
Tangible book value	HK$36.8M	HK$51.1M	HK$62.5M	HK$71.6M	HK$71.6M	HK$23.0M	HK$22.5M	HK$20.2M	HK$24.7M
Shares outstanding	4.1M	4.1M	812K	800K	4.1M	800K	800K	4.0M	4.0M
Current ratio	1.07	1.14	1.28	1.41	1.41	1.03	1.10	1.12	1.22
Quick ratio	0.71	0.85	0.90	0.87	0.84	0.73	0.76	0.82	0.82
Debt / equity	1.60	1.16	1.09	0.33	0.05	0.91	1.08	1.50	1.29
Equity / assets	23.1%	30.1%	37.4%	44.1%	44.1%	18.5%	22.2%	23.3%	24.7%

Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported (latest annual report filed March 27, 2026); data from EODHD.

SFHG financial position

At the end of fiscal 2025 (December 31, 2025), Samfine Creation had total assets of HK$172.3 million (up 5.1% from a year earlier), total liabilities of HK$120.5 million and shareholders' equity of HK$51.8 million. It held HK$46.2 million in cash and short-term investments against HK$60.0 million of debt, net debt of HK$13.8 million. Its current ratio was 1.14. In the latest quarter (ended June 30, 2026) total assets were HK$161.9 million and equity HK$37.4 million.

Related: SFHG income statement, SFHG cash flow statement, SFHG key metrics. See the SFHG stock overview for the latest quote and news.

SFHG balance sheet FAQ

What are Samfine Creation's total assets?

Samfine Creation reported total assets of HK$172.3 million at the end of fiscal 2025 (December 31, 2025), compared with HK$163.9 million a year earlier.

How much debt does Samfine Creation have?

Samfine Creation had HK$60.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.16.

How much cash does Samfine Creation have?

Samfine Creation held HK$46.2 million in cash and short-term investments at the end of fiscal 2025; with HK$60.0 million of debt that is net debt of HK$13.8 million.

What is Samfine Creation's book value?

Samfine Creation's shareholders' equity (book value) was HK$51.8 million at the end of fiscal 2025.

What is Samfine Creation's current ratio?

Samfine Creation had current assets of HK$102.1 million and current liabilities of HK$89.2 million, a current ratio of 1.14 (it can cover its short-term obligations).

How much goodwill does Samfine Creation have?

Samfine Creation carried HK$0.7 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.