HK Stock MarketDetailed Quotes

ACTIVATION GP (09919)

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1.030
-0.020-1.90%

Trading Jan 16 10:22 CST

767.08MMarket Cap8.31P/E (TTM)

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

ACTIVATION GP (09919) Cash Flow

All

YOY

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(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

Cash flow from operating activities

Earning before tax

29.34%54.43M

-27.10%120.13M

-21.57%42.09M

195.85%164.79M

1,377.74%53.67M

-61.49%55.7M

-107.40%-4.2M

275.16%144.63M

403.78%56.73M

-42.35%38.55M

Profit adjustment

Interest (income) - adjustment

-67.92%-1.7M

-46.50%-1.95M

-179.01%-1.01M

21.64%-1.33M

59.96%-362K

-1.25%-1.7M

-159.03%-904K

24.07%-1.68M

76.05%-349K

-264.03%-2.21M

Attributable subsidiary (profit) loss

77.42%-266K

-5.03%-4.41M

-420.11%-1.18M

-1,208.10%-4.2M

--368K

-108.41%-321K

----

624.48%3.82M

123.23%567K

32.41%527K

Impairment and provisions:

-46.37%605K

412.61%5.29M

775.45%1.13M

-88.91%1.03M

-120.69%-167K

552.88%9.3M

-61.70%807K

188.26%1.42M

147.88%2.11M

196.11%494K

-Impairment of trade receivables (reversal)

-46.37%605K

412.61%5.29M

775.45%1.13M

-88.50%1.03M

-120.69%-167K

529.42%8.96M

-61.70%807K

188.26%1.42M

147.88%2.11M

-37.15%494K

-Other impairments and provisions

----

--334K

----

Revaluation surplus:

----

-95.56%169K

----

1,057.14%3.81M

----

--329K

----

168.18%480K

-Other fair value changes

----

-95.56%169K

----

1,057.14%3.81M

----

--329K

----

168.18%480K

Depreciation and amortization:

-6.73%2.47M

-1.71%5.1M

0.80%2.65M

1.37%5.19M

10.62%2.63M

-17.33%5.12M

-19.07%2.37M

-11.76%6.2M

13.86%2.93M

61.75%7.02M

-Amortization of intangible assets

-7.41%125K

30.35%262K

68.75%135K

63.41%201K

-48.05%80K

-5.38%123K

156.67%154K

18.18%130K

7.14%60K

-13.39%110K

Financial expense

15.89%175K

1.95%418K

-24.12%151K

-22.05%410K

-16.39%199K

-14.19%526K

-21.19%238K

-75.63%613K

-84.24%302K

-44.30%2.52M

Special items

-96.61%325K

70.11%16.58M

154.74%9.59M

-47.90%9.75M

-46.21%3.76M

1,633.36%18.71M

--7M

-713.33%-1.22M

----

86.89%-150K

Operating profit before the change of operating capital

4.93%56.05M

-21.24%141.33M

-11.12%53.41M

104.70%179.44M

1,031.66%60.09M

-43.00%87.66M

-91.48%5.31M

225.58%153.79M

544.10%62.29M

-34.91%47.23M

Change of operating capital

Accounts receivable (increase)decrease

-72.34%53.06M

241.88%127.42M

130.00%191.79M

-4.27%-89.81M

89.66%83.39M

-727.06%-86.13M

209.16%43.97M

80.30%-10.41M

-144.09%-40.28M

-160.40%-52.87M

Accounts payable increase (decrease)

19.12%-118.43M

-168.89%-43.19M

-185.42%-146.42M

-16.50%62.7M

53.83%-51.3M

11.48%75.09M

-471.83%-111.11M

1,113.26%67.36M

136.36%29.88M

115.52%5.55M

prepayments (increase)decrease

98.82%-105K

-1,167.79%-13.19M

52.43%-8.93M

-106.41%-1.04M

12.65%-18.78M

1,225.59%16.23M

-134.71%-21.5M

91.39%-1.44M

41.81%-9.16M

-357.58%-16.75M

Cash from business operations

-110.50%-9.43M

40.37%212.37M

22.41%89.85M

62.93%151.29M

188.08%73.4M

-55.63%92.86M

-295.01%-83.33M

1,343.33%209.29M

307.56%42.73M

-112.86%-16.83M

Other taxs

9.78%-26.55M

-18.21%-42.76M

-82.25%-29.43M

-13.56%-36.17M

26.30%-16.15M

6.10%-31.86M

-20.67%-21.91M

-177.45%-33.93M

-68.92%-18.16M

51.88%-12.23M

Net cash from operations

-159.55%-35.98M

47.33%169.61M

5.53%60.42M

88.72%115.12M

154.40%57.26M

-65.21%61M

-528.19%-105.24M

703.43%175.36M

178.43%24.58M

-127.56%-29.06M

Cash flow from investment activities

Interest received - investment

67.92%1.7M

46.50%1.95M

179.01%1.01M

-21.64%1.33M

-59.96%362K

1.25%1.7M

159.03%904K

-24.07%1.68M

-76.05%349K

264.03%2.21M

Loan receivable (increase) decrease

--527K

503.07%2.62M

----

-94.91%-651K

----

---334K

----

Decrease in deposits (increase)

----

192.46%8.27M

Sale of fixed assets

----

-10.34%26K

----

2,800.00%29K

----

-95.45%1K

-92.31%1K

-63.33%22K

116.67%13K

--60K

Purchase of fixed assets

46.49%-534K

-183.54%-1.86M

-86.89%-998K

79.40%-656K

76.06%-534K

25.12%-3.18M

-552.34%-2.23M

-372.97%-4.25M

33.72%-342K

-2.86%-899K

Purchase of intangible assets

----

86.59%-101K

83.94%-101K

-684.38%-753K

-2,319.23%-629K

53.17%-96K

75.70%-26K

-6.22%-205K

---107K

-18.40%-193K

Cash on investment

----

---3M

----

---36.79M

-20.56%-19.91M

----

---16.51M

----

Other items in the investment business

----

-56.06%87K

----

--198K

----

178.90%3.11M

----

-82.35%1.11M

Net cash from investment operations

1,997.75%1.69M

44.84%-278K

88.89%-89K

98.70%-504K

96.23%-801K

-11,254.76%-38.71M

-28.07%-21.26M

-96.71%347K

-258.10%-16.6M

667.11%10.55M

Net cash before financing

-156.84%-34.29M

47.74%169.33M

6.87%60.33M

414.11%114.62M

144.63%56.45M

-87.31%22.29M

-1,685.62%-126.5M

1,049.42%175.71M

138.29%7.98M

-117.87%-18.51M

Cash flow from financing activities

Refund

----

-293.75%-74.81M

Issuing shares

----

406,461.36%357.77M

Interest paid - financing

-15.89%-175K

-1.95%-418K

24.12%-151K

22.05%-410K

16.39%-199K

14.19%-526K

21.19%-238K

75.63%-613K

84.24%-302K

44.30%-2.52M

Dividends paid - financing

23.48%-53.23M

-14.62%-93.69M

-81.89%-69.57M

19.26%-81.74M

-502.01%-38.25M

-102.91%-101.23M

---6.35M

---49.89M

----

Issuance expenses and redemption of securities expenses

----

-74.59%-10.19M

-60.66%-9.21M

88.72%-5.84M

88.33%-5.73M

---51.74M

Other items of the financing business

--878K

95.82%-781K

----

-36.60%-18.69M

---1.01M

-94.37%-13.68M

----

69.36%-7.04M

100.60%80K

68.29%-22.97M

Net cash from financing operations

24.47%-53.86M

6.02%-97.71M

-73.82%-71.3M

18.42%-103.97M

-148.43%-41.02M

-84.93%-127.44M

-96.05%-16.51M

-134.50%-68.91M

-103.89%-8.42M

411.88%199.73M

Effect of rate

68.60%-2.35M

112.76%490K

-195.70%-7.49M

-843.24%-3.84M

-172.01%-2.53M

89.62%-407K

264.38%3.52M

49.63%-3.92M

-130.05%-2.14M

-597.00%-7.78M

Net Cash

-703.75%-88.15M

572.55%71.62M

-171.05%-10.97M

110.13%10.65M

110.79%15.44M

-198.44%-105.14M

-32,109.91%-143.01M

-41.07%106.8M

-100.23%-444K

358.45%181.23M

Begining period cash

23.48%379.19M

2.27%307.08M

-26.01%300.27M

33.96%405.82M

133.94%302.94M

46.49%129.49M

Cash at the end

0.02%288.69M

23.48%379.19M

-7.84%288.63M

2.27%307.08M

17.59%313.17M

-26.01%300.27M

-11.33%266.32M

33.96%405.82M

-9.63%300.35M

133.94%302.94M

Cash balance analysis

Currency Unit

CNY

Accounting Standards

HKAS

Audit Opinions

Unqualified Opinion

Auditor

Ernst & Young

	(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
Cash flow from operating activities
Earning before tax	29.34%54.43M	-27.10%120.13M	-21.57%42.09M	195.85%164.79M	1,377.74%53.67M	-61.49%55.7M	-107.40%-4.2M	275.16%144.63M	403.78%56.73M	-42.35%38.55M
Profit adjustment
Interest (income) - adjustment	-67.92%-1.7M	-46.50%-1.95M	-179.01%-1.01M	21.64%-1.33M	59.96%-362K	-1.25%-1.7M	-159.03%-904K	24.07%-1.68M	76.05%-349K	-264.03%-2.21M
Attributable subsidiary (profit) loss	77.42%-266K	-5.03%-4.41M	-420.11%-1.18M	-1,208.10%-4.2M	--368K	-108.41%-321K	----	624.48%3.82M	123.23%567K	32.41%527K
Impairment and provisions:	-46.37%605K	412.61%5.29M	775.45%1.13M	-88.91%1.03M	-120.69%-167K	552.88%9.3M	-61.70%807K	188.26%1.42M	147.88%2.11M	196.11%494K
-Impairment of trade receivables (reversal)	-46.37%605K	412.61%5.29M	775.45%1.13M	-88.50%1.03M	-120.69%-167K	529.42%8.96M	-61.70%807K	188.26%1.42M	147.88%2.11M	-37.15%494K
-Other impairments and provisions	----	----	----	----	----	--334K	----	----	----	----
Revaluation surplus:	----	-95.56%169K	----	1,057.14%3.81M	----	--329K	----	----	----	168.18%480K
-Other fair value changes	----	-95.56%169K	----	1,057.14%3.81M	----	--329K	----	----	----	168.18%480K
Depreciation and amortization:	-6.73%2.47M	-1.71%5.1M	0.80%2.65M	1.37%5.19M	10.62%2.63M	-17.33%5.12M	-19.07%2.37M	-11.76%6.2M	13.86%2.93M	61.75%7.02M
-Amortization of intangible assets	-7.41%125K	30.35%262K	68.75%135K	63.41%201K	-48.05%80K	-5.38%123K	156.67%154K	18.18%130K	7.14%60K	-13.39%110K
Financial expense	15.89%175K	1.95%418K	-24.12%151K	-22.05%410K	-16.39%199K	-14.19%526K	-21.19%238K	-75.63%613K	-84.24%302K	-44.30%2.52M
Special items	-96.61%325K	70.11%16.58M	154.74%9.59M	-47.90%9.75M	-46.21%3.76M	1,633.36%18.71M	--7M	-713.33%-1.22M	----	86.89%-150K
Operating profit before the change of operating capital	4.93%56.05M	-21.24%141.33M	-11.12%53.41M	104.70%179.44M	1,031.66%60.09M	-43.00%87.66M	-91.48%5.31M	225.58%153.79M	544.10%62.29M	-34.91%47.23M
Change of operating capital
Accounts receivable (increase)decrease	-72.34%53.06M	241.88%127.42M	130.00%191.79M	-4.27%-89.81M	89.66%83.39M	-727.06%-86.13M	209.16%43.97M	80.30%-10.41M	-144.09%-40.28M	-160.40%-52.87M
Accounts payable increase (decrease)	19.12%-118.43M	-168.89%-43.19M	-185.42%-146.42M	-16.50%62.7M	53.83%-51.3M	11.48%75.09M	-471.83%-111.11M	1,113.26%67.36M	136.36%29.88M	115.52%5.55M
prepayments (increase)decrease	98.82%-105K	-1,167.79%-13.19M	52.43%-8.93M	-106.41%-1.04M	12.65%-18.78M	1,225.59%16.23M	-134.71%-21.5M	91.39%-1.44M	41.81%-9.16M	-357.58%-16.75M
Cash from business operations	-110.50%-9.43M	40.37%212.37M	22.41%89.85M	62.93%151.29M	188.08%73.4M	-55.63%92.86M	-295.01%-83.33M	1,343.33%209.29M	307.56%42.73M	-112.86%-16.83M
Other taxs	9.78%-26.55M	-18.21%-42.76M	-82.25%-29.43M	-13.56%-36.17M	26.30%-16.15M	6.10%-31.86M	-20.67%-21.91M	-177.45%-33.93M	-68.92%-18.16M	51.88%-12.23M
Net cash from operations	-159.55%-35.98M	47.33%169.61M	5.53%60.42M	88.72%115.12M	154.40%57.26M	-65.21%61M	-528.19%-105.24M	703.43%175.36M	178.43%24.58M	-127.56%-29.06M
Cash flow from investment activities
Interest received - investment	67.92%1.7M	46.50%1.95M	179.01%1.01M	-21.64%1.33M	-59.96%362K	1.25%1.7M	159.03%904K	-24.07%1.68M	-76.05%349K	264.03%2.21M
Loan receivable (increase) decrease	--527K	503.07%2.62M	----	-94.91%-651K	----	---334K	----	----	----	----
Decrease in deposits (increase)	----	----	----	----	----	----	----	----	----	192.46%8.27M
Sale of fixed assets	----	-10.34%26K	----	2,800.00%29K	----	-95.45%1K	-92.31%1K	-63.33%22K	116.67%13K	--60K
Purchase of fixed assets	46.49%-534K	-183.54%-1.86M	-86.89%-998K	79.40%-656K	76.06%-534K	25.12%-3.18M	-552.34%-2.23M	-372.97%-4.25M	33.72%-342K	-2.86%-899K
Purchase of intangible assets	----	86.59%-101K	83.94%-101K	-684.38%-753K	-2,319.23%-629K	53.17%-96K	75.70%-26K	-6.22%-205K	---107K	-18.40%-193K
Cash on investment	----	---3M	----	----	----	---36.79M	-20.56%-19.91M	----	---16.51M	----
Other items in the investment business	----	-56.06%87K	----	--198K	----	----	----	178.90%3.11M	----	-82.35%1.11M
Net cash from investment operations	1,997.75%1.69M	44.84%-278K	88.89%-89K	98.70%-504K	96.23%-801K	-11,254.76%-38.71M	-28.07%-21.26M	-96.71%347K	-258.10%-16.6M	667.11%10.55M
Net cash before financing	-156.84%-34.29M	47.74%169.33M	6.87%60.33M	414.11%114.62M	144.63%56.45M	-87.31%22.29M	-1,685.62%-126.5M	1,049.42%175.71M	138.29%7.98M	-117.87%-18.51M
Cash flow from financing activities
Refund	----	----	----	----	----	----	----	----	----	-293.75%-74.81M
Issuing shares	----	----	----	----	----	----	----	----	----	406,461.36%357.77M
Interest paid - financing	-15.89%-175K	-1.95%-418K	24.12%-151K	22.05%-410K	16.39%-199K	14.19%-526K	21.19%-238K	75.63%-613K	84.24%-302K	44.30%-2.52M
Dividends paid - financing	23.48%-53.23M	-14.62%-93.69M	-81.89%-69.57M	19.26%-81.74M	-502.01%-38.25M	-102.91%-101.23M	---6.35M	---49.89M	----	----
Issuance expenses and redemption of securities expenses	----	----	----	----	----	-74.59%-10.19M	-60.66%-9.21M	88.72%-5.84M	88.33%-5.73M	---51.74M
Other items of the financing business	--878K	95.82%-781K	----	-36.60%-18.69M	---1.01M	-94.37%-13.68M	----	69.36%-7.04M	100.60%80K	68.29%-22.97M
Net cash from financing operations	24.47%-53.86M	6.02%-97.71M	-73.82%-71.3M	18.42%-103.97M	-148.43%-41.02M	-84.93%-127.44M	-96.05%-16.51M	-134.50%-68.91M	-103.89%-8.42M	411.88%199.73M
Effect of rate	68.60%-2.35M	112.76%490K	-195.70%-7.49M	-843.24%-3.84M	-172.01%-2.53M	89.62%-407K	264.38%3.52M	49.63%-3.92M	-130.05%-2.14M	-597.00%-7.78M
Net Cash	-703.75%-88.15M	572.55%71.62M	-171.05%-10.97M	110.13%10.65M	110.79%15.44M	-198.44%-105.14M	-32,109.91%-143.01M	-41.07%106.8M	-100.23%-444K	358.45%181.23M
Begining period cash	23.48%379.19M	2.27%307.08M	2.27%307.08M	-26.01%300.27M	-26.01%300.27M	33.96%405.82M	33.96%405.82M	133.94%302.94M	133.94%302.94M	46.49%129.49M
Cash at the end	0.02%288.69M	23.48%379.19M	-7.84%288.63M	2.27%307.08M	17.59%313.17M	-26.01%300.27M	-11.33%266.32M	33.96%405.82M	-9.63%300.35M	133.94%302.94M
Cash balance analysis
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	HKAS	HKAS	HKAS	HKAS	HKAS	HKAS	HKAS	HKAS	HKAS	HKAS
Audit Opinions	--	Unqualified Opinion	--	Unqualified Opinion	--	Unqualified Opinion	--	Unqualified Opinion	--	Unqualified Opinion
Auditor	--	Ernst & Young	--	Ernst & Young	--	Ernst & Young	--	Ernst & Young	--	Ernst & Young

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.

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