HK Stock MarketDetailed Quotes

LAUNCH TECH (02488)

Watchlist
  • 8.340
  • +0.180+2.21%
Market Closed Jan 16 16:01 CST
3.42BMarket Cap8.17P/E (TTM)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

LAUNCH TECH (02488) Balance Sheet

All
YOY yoy
Hide blank lines yoy
(Q6)Jun 30, 2025
(FY)Dec 31, 2024
(Q6)Jun 30, 2024
(FY)Dec 31, 2023
(Q6)Jun 30, 2023
(FY)Dec 31, 2022
(Q6)Jun 30, 2022
(FY)Dec 31, 2021
(Q6)Jun 30, 2021
(FY)Dec 31, 2020
Assets
Current assets
Inventory
25.80%313.53M
2.70%212.77M
5.45%249.23M
-14.87%207.18M
-5.49%236.35M
14.39%243.37M
19.86%250.09M
33.49%212.76M
18.45%208.64M
-5.04%159.38M
Accounts receivable
52.71%336.79M
34.87%307.42M
7.79%220.54M
30.59%227.94M
6.28%204.6M
1.17%174.54M
49.61%192.51M
37.21%172.52M
-32.04%128.67M
-34.48%125.73M
Notes receivable
-28.73%21.79M
-56.38%13.88M
-18.34%30.57M
55.42%31.83M
53.51%37.43M
-26.25%20.48M
-19.42%24.39M
-38.40%27.76M
--30.26M
--45.07M
Advance deposits and other receivables
-40.33%62.59M
143.37%74.51M
182.86%104.89M
-20.15%30.62M
-19.50%37.08M
-32.70%38.34M
-13.23%46.06M
42.17%56.97M
-23.58%53.09M
-35.04%40.07M
Cash and equivalents
5.29%550.48M
-11.58%547.77M
-15.20%522.8M
17.90%619.53M
44.63%616.54M
26.52%525.48M
24.36%426.29M
4.64%415.35M
-7.91%342.79M
-17.21%396.94M
Financial assets at fair value-current assets
-66.87%8.63M
59.00%9.62M
18.26%26.04M
25,572.25%6.05M
456.95%22.02M
-37.64%23.58K
--3.95M
--37.81K
----
----
Other current assets
31.94%39.12M
16.93%32.68M
30.38%29.65M
-39.89%27.95M
6.09%22.74M
129.29%46.5M
-20.27%21.44M
8.01%20.28M
83.26%26.89M
-12.58%18.77M
Total current assets
11.58%1.38B
1.77%1.23B
-2.28%1.24B
-12.12%1.21B
18.54%1.27B
45.76%1.37B
20.88%1.07B
13.08%941.22M
-0.51%885.16M
-15.50%832.31M
Non-current assets
Fixed assets
-7.05%96.7M
-6.13%100.23M
-8.12%104.03M
-9.56%106.77M
-39.86%113.23M
-40.03%118.06M
-7.26%188.26M
-7.54%196.88M
-9.94%202.99M
-7.77%212.94M
Investment property
605.03%326.74M
585.66%334.81M
-9.69%46.34M
-9.24%48.83M
-8.84%51.32M
-8.46%53.8M
-8.12%56.29M
-7.80%58.78M
-7.51%61.27M
-7.24%63.75M
Construction in progress
-72.17%91.63M
-79.48%63.42M
11.47%329.26M
21.19%309.07M
15.42%295.39M
16.14%255.03M
21.66%255.93M
15.21%219.59M
35.67%210.36M
23.12%190.6M
long-term investment
----
----
----
----
23.88%5.05M
-1.72%4.57M
96.05%4.07M
113.44%4.65M
--2.08M
--2.18M
Intangible assets
95.91%92.49M
71.69%96.33M
-26.79%47.21M
-23.53%56.1M
-29.21%64.49M
-27.11%73.37M
-19.81%91.09M
19.51%100.65M
-14.30%113.6M
-49.68%84.22M
Goodwill
-4.63%104.37M
18.56%104.55M
71.97%109.43M
31.95%88.19M
5,486.65%63.63M
5,765.64%66.83M
0.00%1.14M
0.00%1.14M
0.00%1.14M
0.00%1.14M
Deferred tax assets
1,466.05%2.54M
1,790.16%2.98M
1,372.73%162K
2,167.61%157.66K
-99.75%11K
-99.84%6.95K
-15.54%4.34M
-15.55%4.34M
-14.36%5.14M
-14.35%5.14M
Other illiquid assets
-71.73%227K
-36.90%2.17M
361.49%803K
-84.88%3.44M
-99.18%174K
7.53%22.77M
377.09%21.18M
4,404.58%21.18M
-76.64%4.44M
-90.60%470.16K
Special items of non-current assets
-4.68%489K
0.21%502.05K
-7.90%513K
0.61%500.99K
--557K
--497.96K
----
----
----
----
Adjustment items of non-current assets
----
----
----
----
----
---0.03
----
----
----
----
Total non-current assets
17.79%794.16M
18.49%769.78M
7.20%674.23M
5.68%649.65M
-0.46%628.95M
0.06%614.71M
3.35%631.88M
8.03%614.35M
-1.56%611.42M
-12.47%568.68M
Other items of assets
--1K
----
----
----
----
----
----
----
----
----
Total assets
13.77%2.18B
7.62%2B
0.86%1.91B
-6.61%1.86B
11.48%1.9B
27.71%1.99B
13.72%1.7B
11.03%1.56B
-0.94%1.5B
-14.30%1.4B
Liabilities
Current liabilities
Accounts payable
18.62%249.83M
22.96%201.54M
12.20%210.61M
-5.17%163.9M
1.33%187.71M
-20.34%172.84M
23.79%185.25M
60.62%216.99M
19.26%149.65M
-3.87%135.09M
Notes payable
----
--7.41M
--7.41M
----
----
--70.13M
-98.61%1.12M
----
-41.25%80M
23.02%132.86M
Tax payable
52.54%25.72M
150.62%20.68M
12.70%16.86M
-56.24%8.25M
-20.75%14.96M
19.44%18.86M
126.43%18.88M
269.67%15.79M
36.10%8.34M
-20.74%4.27M
Dividend payable
-99.81%68K
----
--36.16M
----
----
----
----
----
----
----
Other payables and accrued expenses
24.60%35.95M
0.11%32.6M
-21.28%28.85M
50.99%32.57M
109.46%36.65M
-22.24%21.57M
-73.49%17.5M
66.55%27.74M
116.92%66M
-21.47%16.65M
Short-term borrowing
-26.01%132.93M
-55.10%79.92M
30.40%179.66M
-25.02%177.99M
-2.91%137.78M
-39.99%237.39M
-46.95%141.9M
43.41%395.57M
-35.77%267.49M
-43.17%275.84M
Other current liabilities
11.25%28.15M
-44.30%19.98M
-34.41%25.3M
20.91%35.87M
-1.64%38.57M
-17.26%29.67M
-16.24%39.21M
-33.08%35.85M
815.63%46.82M
606.08%53.58M
Special items of current liabilities
-94.08%10.18M
-67.25%8.68M
563.55%171.97M
8.11%26.5M
730.94%25.92M
686.05%24.51M
7.29%3.12M
7.29%3.12M
3.75%2.91M
3.74%2.91M
Total current liabilities
-1.70%762.08M
-0.40%585M
40.33%775.24M
-15.49%587.35M
10.12%552.42M
-13.28%695.01M
-35.99%501.66M
9.29%801.43M
5.29%783.7M
-12.74%733.3M
Net current assets
33.75%620.81M
3.83%641.9M
-35.17%464.16M
-8.67%618.22M
25.97%715.94M
384.24%676.89M
460.14%568.34M
41.18%139.79M
-30.20%101.46M
-31.57%99.01M
Total assets less current liabilities
24.30%1.41B
11.34%1.41B
-15.35%1.14B
-1.84%1.27B
12.05%1.34B
71.27%1.29B
68.36%1.2B
12.95%754.14M
-6.99%712.88M
-15.95%667.69M
Non-current liabilities
Long-term bank loan
--156.51M
-10.02%158.61M
----
-12.79%176.28M
-54.06%185.67M
--202.14M
--404.19M
----
----
----
Financial lease liabilities-non-current liabilities
153.77%16.3M
-48.42%4.77M
-44.44%6.42M
-5.64%9.25M
5,681.50%11.56M
4,809.48%9.8M
-92.32%200K
-92.33%199.69K
-50.66%2.61M
-50.66%2.61M
Deferred tax liability
----
----
----
----
-38.39%138K
-38.37%137.89K
19.15%224K
19.00%223.73K
-36.27%188K
-36.31%188.01K
Deferred income-non-current liabilities
-40.52%4.01M
-40.49%4.46M
-18.28%6.75M
-0.89%7.5M
16.03%8.26M
-7.29%7.57M
-32.73%7.12M
-27.54%8.16M
-25.86%10.58M
-30.67%11.27M
Total non-current liabilities
1,242.46%176.83M
-13.05%167.85M
-93.59%13.17M
-12.12%193.03M
-50.06%205.62M
2,457.59%219.65M
2,979.01%411.73M
-38.92%8.59M
-32.61%13.37M
-35.58%14.06M
Total liabilities
19.09%938.91M
-3.53%752.84M
4.01%788.41M
-14.68%780.38M
-17.01%758.05M
12.92%914.66M
14.59%913.38M
8.38%810.02M
4.30%797.07M
-13.32%747.36M
Total assets less total liabilities
10.04%1.24B
15.72%1.24B
-1.23%1.13B
0.27%1.07B
44.49%1.14B
43.78%1.07B
12.72%788.49M
14.06%745.55M
-6.31%699.51M
-15.39%653.63M
Total equity and non-current liabilities
24.30%1.41B
11.34%1.41B
-15.35%1.14B
-1.84%1.27B
12.05%1.34B
71.27%1.29B
68.36%1.2B
12.95%754.14M
-6.99%712.88M
-15.95%667.69M
Equity
Share capital
-0.17%415.09M
0.00%415.79M
-3.80%415.79M
-3.80%415.79M
0.00%432.22M
0.00%432.22M
0.00%432.22M
0.00%432.22M
0.00%432.22M
0.00%432.22M
Capital reserve
-1.31%388.64M
0.00%393.8M
-4.34%393.8M
-4.34%393.8M
0.00%411.68M
0.00%411.68M
0.18%411.68M
0.18%411.68M
0.23%410.94M
0.23%410.94M
Undistributed profit
34.10%320.7M
67.65%312.75M
-8.35%239.16M
-4.77%186.55M
388.01%260.93M
248.63%195.89M
48.88%-90.6M
41.21%-131.8M
-36.46%-177.21M
-115.82%-224.19M
Shareholders' equity adjustment project
--2K
----
----
----
----
----
----
----
----
----
Shareholders' Equity
9.82%1.23B
16.00%1.24B
-1.60%1.12B
-0.42%1.07B
44.50%1.14B
43.79%1.07B
12.69%788.27M
14.07%745.32M
-6.31%699.51M
-15.42%653.4M
Non-controlling interest
65.26%7.22M
-22.97%5.86M
1,806.99%4.37M
3,224.74%7.61M
2.23%229K
0.00%228.92K
--224K
0.00%228.92K
----
--228.92K
Total equity
10.04%1.24B
15.72%1.24B
-1.23%1.13B
0.27%1.07B
44.49%1.14B
43.78%1.07B
12.72%788.49M
14.06%745.55M
-6.31%699.51M
-15.39%653.63M
Total equity and total liabilities
13.77%2.18B
7.62%2B
0.86%1.91B
-6.61%1.86B
11.48%1.9B
27.71%1.99B
13.72%1.7B
11.03%1.56B
-0.94%1.5B
-14.30%1.4B
Currency Unit
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
Accounting Standards
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
CAS (2007)
Audit Opinions
--
Unqualified Opinion
--
Unqualified Opinion
--
Unqualified Opinion
--
Unqualified Opinion
--
Unqualified Opinion
Auditor
--
Dahua Certified Public Accountants
--
Dahua Certified Public Accountants
--
Dahua Certified Public Accountants
--
Dahua Certified Public Accountants
--
Dahua Certified Public Accountants
(Q6)Jun 30, 2025(FY)Dec 31, 2024(Q6)Jun 30, 2024(FY)Dec 31, 2023(Q6)Jun 30, 2023(FY)Dec 31, 2022(Q6)Jun 30, 2022(FY)Dec 31, 2021(Q6)Jun 30, 2021(FY)Dec 31, 2020
Assets
Current assets
Inventory 25.80%313.53M2.70%212.77M5.45%249.23M-14.87%207.18M-5.49%236.35M14.39%243.37M19.86%250.09M33.49%212.76M18.45%208.64M-5.04%159.38M
Accounts receivable 52.71%336.79M34.87%307.42M7.79%220.54M30.59%227.94M6.28%204.6M1.17%174.54M49.61%192.51M37.21%172.52M-32.04%128.67M-34.48%125.73M
Notes receivable -28.73%21.79M-56.38%13.88M-18.34%30.57M55.42%31.83M53.51%37.43M-26.25%20.48M-19.42%24.39M-38.40%27.76M--30.26M--45.07M
Advance deposits and other receivables -40.33%62.59M143.37%74.51M182.86%104.89M-20.15%30.62M-19.50%37.08M-32.70%38.34M-13.23%46.06M42.17%56.97M-23.58%53.09M-35.04%40.07M
Cash and equivalents 5.29%550.48M-11.58%547.77M-15.20%522.8M17.90%619.53M44.63%616.54M26.52%525.48M24.36%426.29M4.64%415.35M-7.91%342.79M-17.21%396.94M
Financial assets at fair value-current assets -66.87%8.63M59.00%9.62M18.26%26.04M25,572.25%6.05M456.95%22.02M-37.64%23.58K--3.95M--37.81K--------
Other current assets 31.94%39.12M16.93%32.68M30.38%29.65M-39.89%27.95M6.09%22.74M129.29%46.5M-20.27%21.44M8.01%20.28M83.26%26.89M-12.58%18.77M
Total current assets 11.58%1.38B1.77%1.23B-2.28%1.24B-12.12%1.21B18.54%1.27B45.76%1.37B20.88%1.07B13.08%941.22M-0.51%885.16M-15.50%832.31M
Non-current assets
Fixed assets -7.05%96.7M-6.13%100.23M-8.12%104.03M-9.56%106.77M-39.86%113.23M-40.03%118.06M-7.26%188.26M-7.54%196.88M-9.94%202.99M-7.77%212.94M
Investment property 605.03%326.74M585.66%334.81M-9.69%46.34M-9.24%48.83M-8.84%51.32M-8.46%53.8M-8.12%56.29M-7.80%58.78M-7.51%61.27M-7.24%63.75M
Construction in progress -72.17%91.63M-79.48%63.42M11.47%329.26M21.19%309.07M15.42%295.39M16.14%255.03M21.66%255.93M15.21%219.59M35.67%210.36M23.12%190.6M
long-term investment ----------------23.88%5.05M-1.72%4.57M96.05%4.07M113.44%4.65M--2.08M--2.18M
Intangible assets 95.91%92.49M71.69%96.33M-26.79%47.21M-23.53%56.1M-29.21%64.49M-27.11%73.37M-19.81%91.09M19.51%100.65M-14.30%113.6M-49.68%84.22M
Goodwill -4.63%104.37M18.56%104.55M71.97%109.43M31.95%88.19M5,486.65%63.63M5,765.64%66.83M0.00%1.14M0.00%1.14M0.00%1.14M0.00%1.14M
Deferred tax assets 1,466.05%2.54M1,790.16%2.98M1,372.73%162K2,167.61%157.66K-99.75%11K-99.84%6.95K-15.54%4.34M-15.55%4.34M-14.36%5.14M-14.35%5.14M
Other illiquid assets -71.73%227K-36.90%2.17M361.49%803K-84.88%3.44M-99.18%174K7.53%22.77M377.09%21.18M4,404.58%21.18M-76.64%4.44M-90.60%470.16K
Special items of non-current assets -4.68%489K0.21%502.05K-7.90%513K0.61%500.99K--557K--497.96K----------------
Adjustment items of non-current assets -----------------------0.03----------------
Total non-current assets 17.79%794.16M18.49%769.78M7.20%674.23M5.68%649.65M-0.46%628.95M0.06%614.71M3.35%631.88M8.03%614.35M-1.56%611.42M-12.47%568.68M
Other items of assets --1K------------------------------------
Total assets 13.77%2.18B7.62%2B0.86%1.91B-6.61%1.86B11.48%1.9B27.71%1.99B13.72%1.7B11.03%1.56B-0.94%1.5B-14.30%1.4B
Liabilities
Current liabilities
Accounts payable 18.62%249.83M22.96%201.54M12.20%210.61M-5.17%163.9M1.33%187.71M-20.34%172.84M23.79%185.25M60.62%216.99M19.26%149.65M-3.87%135.09M
Notes payable ------7.41M--7.41M----------70.13M-98.61%1.12M-----41.25%80M23.02%132.86M
Tax payable 52.54%25.72M150.62%20.68M12.70%16.86M-56.24%8.25M-20.75%14.96M19.44%18.86M126.43%18.88M269.67%15.79M36.10%8.34M-20.74%4.27M
Dividend payable -99.81%68K------36.16M----------------------------
Other payables and accrued expenses 24.60%35.95M0.11%32.6M-21.28%28.85M50.99%32.57M109.46%36.65M-22.24%21.57M-73.49%17.5M66.55%27.74M116.92%66M-21.47%16.65M
Short-term borrowing -26.01%132.93M-55.10%79.92M30.40%179.66M-25.02%177.99M-2.91%137.78M-39.99%237.39M-46.95%141.9M43.41%395.57M-35.77%267.49M-43.17%275.84M
Other current liabilities 11.25%28.15M-44.30%19.98M-34.41%25.3M20.91%35.87M-1.64%38.57M-17.26%29.67M-16.24%39.21M-33.08%35.85M815.63%46.82M606.08%53.58M
Special items of current liabilities -94.08%10.18M-67.25%8.68M563.55%171.97M8.11%26.5M730.94%25.92M686.05%24.51M7.29%3.12M7.29%3.12M3.75%2.91M3.74%2.91M
Total current liabilities -1.70%762.08M-0.40%585M40.33%775.24M-15.49%587.35M10.12%552.42M-13.28%695.01M-35.99%501.66M9.29%801.43M5.29%783.7M-12.74%733.3M
Net current assets 33.75%620.81M3.83%641.9M-35.17%464.16M-8.67%618.22M25.97%715.94M384.24%676.89M460.14%568.34M41.18%139.79M-30.20%101.46M-31.57%99.01M
Total assets less current liabilities 24.30%1.41B11.34%1.41B-15.35%1.14B-1.84%1.27B12.05%1.34B71.27%1.29B68.36%1.2B12.95%754.14M-6.99%712.88M-15.95%667.69M
Non-current liabilities
Long-term bank loan --156.51M-10.02%158.61M-----12.79%176.28M-54.06%185.67M--202.14M--404.19M------------
Financial lease liabilities-non-current liabilities 153.77%16.3M-48.42%4.77M-44.44%6.42M-5.64%9.25M5,681.50%11.56M4,809.48%9.8M-92.32%200K-92.33%199.69K-50.66%2.61M-50.66%2.61M
Deferred tax liability -----------------38.39%138K-38.37%137.89K19.15%224K19.00%223.73K-36.27%188K-36.31%188.01K
Deferred income-non-current liabilities -40.52%4.01M-40.49%4.46M-18.28%6.75M-0.89%7.5M16.03%8.26M-7.29%7.57M-32.73%7.12M-27.54%8.16M-25.86%10.58M-30.67%11.27M
Total non-current liabilities 1,242.46%176.83M-13.05%167.85M-93.59%13.17M-12.12%193.03M-50.06%205.62M2,457.59%219.65M2,979.01%411.73M-38.92%8.59M-32.61%13.37M-35.58%14.06M
Total liabilities 19.09%938.91M-3.53%752.84M4.01%788.41M-14.68%780.38M-17.01%758.05M12.92%914.66M14.59%913.38M8.38%810.02M4.30%797.07M-13.32%747.36M
Total assets less total liabilities 10.04%1.24B15.72%1.24B-1.23%1.13B0.27%1.07B44.49%1.14B43.78%1.07B12.72%788.49M14.06%745.55M-6.31%699.51M-15.39%653.63M
Total equity and non-current liabilities 24.30%1.41B11.34%1.41B-15.35%1.14B-1.84%1.27B12.05%1.34B71.27%1.29B68.36%1.2B12.95%754.14M-6.99%712.88M-15.95%667.69M
Equity
Share capital -0.17%415.09M0.00%415.79M-3.80%415.79M-3.80%415.79M0.00%432.22M0.00%432.22M0.00%432.22M0.00%432.22M0.00%432.22M0.00%432.22M
Capital reserve -1.31%388.64M0.00%393.8M-4.34%393.8M-4.34%393.8M0.00%411.68M0.00%411.68M0.18%411.68M0.18%411.68M0.23%410.94M0.23%410.94M
Undistributed profit 34.10%320.7M67.65%312.75M-8.35%239.16M-4.77%186.55M388.01%260.93M248.63%195.89M48.88%-90.6M41.21%-131.8M-36.46%-177.21M-115.82%-224.19M
Shareholders' equity adjustment project --2K------------------------------------
Shareholders' Equity 9.82%1.23B16.00%1.24B-1.60%1.12B-0.42%1.07B44.50%1.14B43.79%1.07B12.69%788.27M14.07%745.32M-6.31%699.51M-15.42%653.4M
Non-controlling interest 65.26%7.22M-22.97%5.86M1,806.99%4.37M3,224.74%7.61M2.23%229K0.00%228.92K--224K0.00%228.92K------228.92K
Total equity 10.04%1.24B15.72%1.24B-1.23%1.13B0.27%1.07B44.49%1.14B43.78%1.07B12.72%788.49M14.06%745.55M-6.31%699.51M-15.39%653.63M
Total equity and total liabilities 13.77%2.18B7.62%2B0.86%1.91B-6.61%1.86B11.48%1.9B27.71%1.99B13.72%1.7B11.03%1.56B-0.94%1.5B-14.30%1.4B
Currency Unit CNYCNYCNYCNYCNYCNYCNYCNYCNYCNY
Accounting Standards CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)CAS (2007)
Audit Opinions --Unqualified Opinion--Unqualified Opinion--Unqualified Opinion--Unqualified Opinion--Unqualified Opinion
Auditor --Dahua Certified Public Accountants--Dahua Certified Public Accountants--Dahua Certified Public Accountants--Dahua Certified Public Accountants--Dahua Certified Public Accountants

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Market Insights
HK Tech and Internet Stocks
No. Symbol 5D % Chg
Sample Name
Sample Code
 +17.85%
Sample Name
Sample Code
 +16.38%
Sample Name
Sample Code
 +13.45%
4
BIDU-SW
09888
+5.97%
5
JD HEALTH
06618
+5.25%
View More
New Consumption Stocks
No. Symbol 5D % Chg
Sample Name
Sample Code
 +11.88%
Sample Name
Sample Code
 +6.48%
Sample Name
Sample Code
 +4.52%
4
GIANT BIOGENE
02367
+4.07%
5
BLOKS
00325
+2.72%
View More
Hong Kong stocks continue to recover! The Hang Seng Index briefly returned to 26,000 points.
Recently, Hong Kong stocks have rebounded from their lows, with the three major indices continuing their upward momentum. The Hang Seng Inde Show More
Are you foolish? What's the point of knowing your mistakes?
[Opportunity Express] With stock prices soaring, should SMIC "take profits and exit" or "patiently hold on"?

- No more -