Akeso, Inc. (AKESO) balance sheet

HKSE · Healthcare · Biotechnology · 4,082 employees · CEO Yu Xia

Price: HK$78.90 -3.19%
Market cap: HK$72.7B
Enterprise value: CN¥57.8B
Last report: Q2 '26 filed 2026-06-30
Next report: 2027-03-31

At the end of Q2 '26 Akeso, Inc. (AKESO) held CN¥9.16B in cash and short-term investments against CN¥4.98B of debt incl. leases. Total assets CN¥16.2B, total liabilities CN¥7.86B, shareholders' equity CN¥8.48B.

Balance sheet

Balance sheet	Q4 '20	Q2 '21	Q4 '21	Q2 '22	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Assets
Cash & equivalents	CN¥3.18B	CN¥3.8B	CN¥3.23B	CN¥2.6B	CN¥2.35B	CN¥4.62B	CN¥4.04B	CN¥2.49B	CN¥6.89B	CN¥7.14B	CN¥8.83B	CN¥8.69B
Short-term investments	CN¥133M	CN¥221M	CN¥113K	CN¥11.8M	CN¥220M	CN¥1.19B	CN¥2.87M	CN¥3.54M	CN¥426M	CN¥545M	CN¥349M	CN¥471M
Receivables	CN¥0	CN¥164M	CN¥139M	CN¥304M	CN¥274M	CN¥257M	CN¥296M	CN¥463M	CN¥532M	CN¥809M	CN¥1.02B	CN¥966M
Inventory	CN¥72.6M	CN¥141M	CN¥241M	CN¥353M	CN¥384M	CN¥310M	CN¥392M	CN¥500M	CN¥707M	CN¥847M	CN¥932M	CN¥1.1B
Other current assets	CN¥144M	CN¥167M	CN¥208M	CN¥146M	CN¥154M	CN¥658M	CN¥66.4M	CN¥2.8B	CN¥93.3M	CN¥144M	CN¥152M	CN¥231M
Current assets	CN¥3.56B	CN¥4.37B	CN¥3.86B	CN¥3.49B	CN¥3.43B	CN¥6.47B	CN¥5.68B	CN¥6.75B	CN¥8.69B	CN¥8.94B	CN¥11.3B	CN¥11.5B
Property, plant & equipment (net)	CN¥1.01B	CN¥1.4B	CN¥2.02B	CN¥2.34B	CN¥2.72B	CN¥2.6B	CN¥2.86B	CN¥3.32B	CN¥3.55B	CN¥3.78B	CN¥4.2B	CN¥4.35B
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥10M	CN¥358M	CN¥305M	CN¥349M	CN¥415M	CN¥397M	CN¥371M	CN¥273M
Intangible assets	CN¥1.46M	CN¥3.82M	CN¥4.87M	CN¥7.59M	CN¥9.54M	CN¥8.15M	CN¥322M	CN¥8.74M	CN¥11.8M	CN¥11.1M	CN¥19.1M	CN¥17.3M
Deferred tax assets	CN¥0	CN¥0	CN¥0	CN¥0	-CN¥10M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥0	CN¥1	CN¥1	CN¥1	CN¥11.2M	CN¥279M	CN¥14.2M	CN¥35M	CN¥86.6M	CN¥162M	CN¥134M	CN¥119M
Non-current assets	CN¥1.01B	CN¥1.4B	CN¥2.02B	CN¥2.35B	CN¥2.74B	CN¥3.25B	CN¥3.5B	CN¥3.71B	CN¥4.06B	CN¥4.35B	CN¥4.73B	CN¥4.76B
Total assets	CN¥4.57B	CN¥5.77B	CN¥5.88B	CN¥5.84B	CN¥6.17B	CN¥9.72B	CN¥9.18B	CN¥10.5B	CN¥12.8B	CN¥13.3B	CN¥16B	CN¥16.2B
Liabilities
Accounts payable	CN¥113M	CN¥106M	CN¥206M	CN¥278M	CN¥309M	CN¥270M	CN¥355M	CN¥399M	CN¥425M	CN¥470M	CN¥1.6B	CN¥689M
Accrued expenses	CN¥35M	CN¥54.6M	CN¥87.2M	CN¥89.7M	CN¥134M	CN¥168M	CN¥0	CN¥256M	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥13.8M	CN¥5.55M	CN¥45.6M	CN¥190M	CN¥446M	CN¥304M	CN¥391M	CN¥273M	CN¥535M	CN¥514M	CN¥586M	CN¥975M
Taxes payable	CN¥1.33M	CN¥1.35M	CN¥1.27M	CN¥1.28M	CN¥1.27M	CN¥1.27M	CN¥43.1M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥671K	CN¥1.35M	CN¥382K	CN¥363K	CN¥6.69M	CN¥11.7M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current liabilities	CN¥37.3M	CN¥36.7M	CN¥309M	CN¥741M	CN¥633M	CN¥256M	CN¥445M	CN¥469M	CN¥37.3M	CN¥1.03B	CN¥253K	CN¥1.19B
Current liabilities	CN¥202M	CN¥254M	CN¥802M	CN¥1.31B	CN¥1.53B	CN¥1.01B	CN¥1.2B	CN¥1.41B	CN¥1.69B	CN¥2.02B	CN¥2.2B	CN¥2.86B
Long-term debt	CN¥179M	CN¥434M	CN¥804M	CN¥1.13B	CN¥1.42B	CN¥2.22B	CN¥2.58B	CN¥3.03B	CN¥3.41B	CN¥4.01B	CN¥3.96B	CN¥3.99B
Lease obligations (non-current)	CN¥3.7M	CN¥5.88M	CN¥2.24M	CN¥967K	CN¥5.95M	CN¥10.8M	CN¥8.61M	CN¥2.91M	CN¥674K	CN¥9.62M	CN¥9M	CN¥10.5M
Deferred revenue (non-current)	CN¥53.4M	CN¥42.3M	CN¥63.9M	CN¥77.3M	CN¥160M	CN¥682M	CN¥872M	CN¥875M	CN¥908M	CN¥891M	CN¥896M	CN¥931M
Deferred tax liabilities	CN¥130M	CN¥399M	CN¥743M	CN¥1.05B	CN¥1.27B	CN¥2.23B	CN¥174K	CN¥174K	CN¥174K	CN¥162K	CN¥150K	CN¥70K
Other non-current liabilities	-CN¥19.6M	CN¥46.5M	CN¥116M	CN¥117M	CN¥15.6M	CN¥62.7M	CN¥0	CN¥876M	CN¥0	CN¥892M	CN¥0	CN¥64.1M
Non-current liabilities	CN¥216M	CN¥529M	CN¥986M	CN¥1.32B	CN¥1.6B	CN¥3.09B	CN¥3.46B	CN¥3.91B	CN¥4.31B	CN¥4.91B	CN¥4.86B	CN¥4.99B
Total liabilities	CN¥418M	CN¥782M	CN¥1.79B	CN¥2.63B	CN¥3.13B	CN¥4.1B	CN¥4.66B	CN¥5.32B	CN¥6B	CN¥6.93B	CN¥7.06B	CN¥7.86B
Equity
Common stock & paid-in capital	CN¥65.2K	CN¥68.5K	CN¥69.7K	CN¥66.8K	CN¥66.2K	CN¥63.7K	CN¥59K	CN¥61K	CN¥63K	CN¥63K	CN¥65K	CN¥65K
Retained earnings	-CN¥1.99B	-CN¥2.52B	-CN¥3.36B	-CN¥3.96B	-CN¥4.4B	-CN¥1.5B	-CN¥1.89B	-CN¥2.13B	-CN¥2.4B	-CN¥2.97B	-CN¥3.47B	CN¥0
Accumulated other comprehensive income	CN¥2.64B	CN¥2.83B	CN¥2.4B	CN¥2.42B	CN¥2.3B	CN¥2.23B	CN¥2B	CN¥1.71B	CN¥1.81B	CN¥6.44B	CN¥1.98B	CN¥8.49B
Shareholders' equity	CN¥3.78B	CN¥4.64B	CN¥3.87B	CN¥3.06B	CN¥2.96B	CN¥5.58B	CN¥4.69B	CN¥5.23B	CN¥6.81B	CN¥6.44B	CN¥9.05B	CN¥8.48B
Debt
Total debt (incl. leases)	CN¥236M	CN¥545M	CN¥1.05B	CN¥1.55B	CN¥2.11B	CN¥2.74B	CN¥2.99B	CN¥3.32B	CN¥3.95B	CN¥4.54B	CN¥4.56B	CN¥4.98B
Net debt (debt - cash)	-CN¥2.95B	-CN¥3.26B	-CN¥2.18B	-CN¥1.05B	-CN¥239M	-CN¥1.88B	-CN¥1.05B	CN¥831M	-CN¥2.94B	-CN¥2.6B	-CN¥4.27B	-CN¥3.7B

Balance sheet	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥314M	CN¥1.19B	CN¥2.68B	CN¥2.64B	CN¥2.09B	CN¥4.04B	CN¥6.89B	CN¥8.83B
Short-term investments	CN¥100M	CN¥1.03M	CN¥1.95M	CN¥3.79M	CN¥2.82M	CN¥2.87M	CN¥426M	CN¥349M
Receivables	CN¥0	CN¥0	CN¥3.03M	CN¥102M	CN¥271M	CN¥296M	CN¥532M	CN¥1.02B
Inventory	CN¥17M	CN¥15.5M	CN¥61.2M	CN¥197M	CN¥342M	CN¥392M	CN¥707M	CN¥932M
Other current assets	CN¥26.5M	CN¥52.6M	CN¥141M	CN¥208M	CN¥154M	CN¥78.1M	CN¥93.3M	CN¥152M
Current assets	CN¥458M	CN¥1.26B	CN¥3B	CN¥3.15B	CN¥3.06B	CN¥5.68B	CN¥8.69B	CN¥11.3B
Property, plant & equipment (net)	CN¥147M	CN¥266M	CN¥708M	CN¥1.5B	CN¥2.26B	CN¥3.16B	CN¥3.55B	CN¥4.2B
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥10M	CN¥305M	CN¥415M	CN¥371M
Intangible assets	CN¥47.3M	CN¥500K	CN¥1.23M	CN¥3.98M	CN¥8.5M	CN¥6.42M	CN¥11.8M	CN¥19.1M
Other non-current assets	CN¥0	CN¥0	CN¥0	CN¥145M	CN¥161M	CN¥30.4M	CN¥86.6M	CN¥134M
Non-current assets	CN¥194M	CN¥267M	CN¥855M	CN¥1.65B	CN¥2.44B	CN¥3.5B	CN¥4.06B	CN¥4.73B
Total assets	CN¥652M	CN¥1.67B	CN¥3.86B	CN¥4.81B	CN¥5.5B	CN¥9.18B	CN¥12.8B	CN¥16B
Liabilities
Accounts payable	CN¥47.3M	CN¥42.9M	CN¥113M	CN¥206M	CN¥309M	CN¥355M	CN¥425M	CN¥1.6B
Accrued expenses	CN¥6.94M	CN¥17.4M	CN¥0	CN¥87.2M	CN¥134M	CN¥193M	CN¥0	CN¥0
Short-term debt	CN¥25.5M	CN¥38.1M	CN¥13.8M	CN¥45.6M	CN¥446M	CN¥391M	CN¥535M	CN¥586M
Taxes payable	CN¥1.86M	CN¥1.88M	CN¥2.23M	CN¥4.51M	CN¥1.13M	CN¥43.1M	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥1.59M	CN¥671K	-CN¥53.5M	CN¥6.69M	CN¥0	CN¥0	CN¥0
Other current liabilities	CN¥4.95M	CN¥16.9M	CN¥40M	CN¥362M	CN¥459M	CN¥252M	CN¥37.3M	CN¥253K
Current liabilities	CN¥86.2M	CN¥120M	CN¥170M	CN¥656M	CN¥1.36B	CN¥1.2B	CN¥1.69B	CN¥2.2B
Long-term debt	CN¥33.1M	CN¥107M	CN¥179M	CN¥804M	CN¥1.42B	CN¥2.58B	CN¥3.41B	CN¥3.96B
Lease obligations (non-current)	CN¥4.96M	CN¥4.48M	CN¥3.7M	CN¥2.24M	CN¥5.95M	CN¥8.61M	CN¥674K	CN¥9M
Deferred revenue (non-current)	CN¥39.3M	CN¥60.1M	CN¥53.4M	CN¥63.9M	CN¥160M	CN¥872M	CN¥908M	CN¥896M
Deferred tax liabilities	CN¥33.1M	CN¥1.21B	CN¥0	CN¥740M	CN¥1.26B	CN¥174K	CN¥174K	CN¥150K
Other non-current liabilities	CN¥0	CN¥0	CN¥0	-CN¥66.1M	-CN¥166M	CN¥872M	CN¥0	CN¥0
Non-current liabilities	CN¥77.4M	CN¥1.27B	CN¥236M	CN¥870M	CN¥1.59B	CN¥3.46B	CN¥4.31B	CN¥4.86B
Total liabilities	CN¥164M	CN¥1.46B	CN¥406M	CN¥1.53B	CN¥2.95B	CN¥4.66B	CN¥6B	CN¥7.06B
Equity
Common stock & paid-in capital	CN¥0	CN¥34K	CN¥55K	CN¥57K	CN¥59K	CN¥59K	CN¥63K	CN¥65K
Retained earnings	-CN¥162M	-CN¥497M	-CN¥1.67B	-CN¥2.75B	-CN¥3.92B	-CN¥1.89B	-CN¥2.4B	-CN¥3.47B
Accumulated other comprehensive income	CN¥603M	CN¥491M	CN¥2.23B	CN¥1.91B	CN¥1.97B	CN¥2B	CN¥1.81B	CN¥1.98B
Shareholders' equity	CN¥441M	-CN¥6.35M	CN¥3.19B	CN¥3.16B	CN¥2.64B	CN¥4.69B	CN¥6.81B	CN¥9.05B
Debt
Total debt (incl. leases)	CN¥65M	CN¥152M	CN¥199M	CN¥859M	CN¥1.88B	CN¥2.99B	CN¥3.95B	CN¥4.56B
Net debt (debt - cash)	-CN¥249M	-CN¥1.03B	-CN¥2.49B	-CN¥1.78B	-CN¥213M	-CN¥1.05B	-CN¥2.94B	-CN¥4.27B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.