Qian Xun Technology Limited (HKG:1640)

Qian Xun Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	110.57	33.97	17.85	5.08	34.87	1.07
Short-Term Investments	-	-	-	-	-	16.7
Cash & Short-Term Investments	110.57	33.97	17.85	5.08	34.87	17.77
Cash Growth	193.83%	90.24%	251.39%	-85.43%	96.18%	-73.88%
Accounts Receivable	156.33	81.04	339.42	380.76	317.08	340.06
Other Receivables	4.72	17.51	7.28	7.33	8.9	7.99
Receivables	161.05	98.55	346.7	388.09	325.98	357.78
Inventory	71.74	9.35	-	-	-	-
Other Current Assets	289.57	205.82	190.01	170.09	39.42	23.57
Total Current Assets	632.93	347.69	554.56	563.27	400.27	399.12
Property, Plant & Equipment	1.63	0.39	0.32	0.34	0.43	1.81
Goodwill	67.48	67.48	-	-	-	-
Other Intangible Assets	27.39	28	0.02	0.02	0.03	0.03
Long-Term Deferred Tax Assets	15.63	15.63	20.77	10.53	3.54	6.29
Other Long-Term Assets	-	-	-	-	-	0.15
Total Assets	745.05	459.19	575.66	574.17	404.27	407.41
Accounts Payable	95.48	97.87	195.48	200.16	32.2	35.84
Accrued Expenses	85.86	38.18	14.66	11.53	5.99	8.49
Short-Term Debt	201.41	14.67	14.67	-	-	-
Current Portion of Long-Term Debt	4.37	80	118.98	87.18	115.98	75.51
Current Portion of Leases	-	-	-	-	0.31	0.87
Current Income Taxes Payable	2.39	1.69	1.26	0.15	14.57	15.14
Current Unearned Revenue	61.37	34.45	17.07	38.26	16.61	2
Other Current Liabilities	16.81	29.55	0.76	0.76	0.82	1.94
Total Current Liabilities	474.53	303.42	362.88	338.04	186.48	139.78
Long-Term Debt	29	1.97	30	30	-	50
Long-Term Leases	-	-	-	-	-	0.31
Total Liabilities	503.53	305.39	392.88	368.04	186.48	190.09
Common Stock	5.04	5.04	3.58	3.58	3.58	3.58
Additional Paid-In Capital	183.21	183.21	89.94	89.94	89.94	89.94
Retained Earnings	-21.22	-72.68	51.02	74.49	85.87	85.43
Comprehensive Income & Other	74.51	38.25	38.25	38.25	38.25	38.25
Total Common Equity	241.55	153.82	182.79	206.26	217.64	217.2
Minority Interest	-0.03	-0.03	-0.02	-0.14	0.14	0.12
Shareholders' Equity	241.52	153.8	182.77	206.12	217.79	217.32
Total Liabilities & Equity	745.05	459.19	575.66	574.17	404.27	407.41
Total Debt	234.78	96.64	163.66	117.18	116.29	126.69
Net Cash (Debt)	-124.21	-62.68	-145.8	-112.1	-81.43	-108.91
Net Cash Per Share	-0.22	-0.13	-0.36	-0.28	-0.20	-0.27
Filing Date Shares Outstanding	560	560	400	400	400	400
Total Common Shares Outstanding	560	560	400	400	400	400
Working Capital	158.4	44.27	191.67	225.23	213.79	259.34
Book Value Per Share	0.43	0.27	0.46	0.52	0.54	0.54
Tangible Book Value	146.68	58.34	182.77	206.24	217.62	217.17
Tangible Book Value Per Share	0.26	0.10	0.46	0.52	0.54	0.54
Machinery	-	7.18	6.94	6.94	6.94	6.94
Leasehold Improvements	-	-	-	-	0.23	0.23

Source: S&P Global Market Intelligence. Standard template. Financial Sources.