Qian Xun Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	51.65	33.97	17.85	5.08	34.87
Cash & Short-Term Investments	51.65	33.97	17.85	5.08	34.87
Cash Growth	52.07%	90.24%	251.39%	-85.43%	96.18%
Accounts Receivable	173.93	81.04	339.42	380.76	317.08
Other Receivables	-59.28	17.51	7.28	7.33	8.9
Receivables	114.66	98.55	346.7	388.09	325.98
Inventory	91.45	9.35	-	-	-
Other Current Assets	252.63	205.82	190.01	170.09	39.42
Total Current Assets	510.39	347.69	554.56	563.27	400.27
Property, Plant & Equipment	8.03	0.39	0.32	0.34	0.43
Goodwill	67.48	67.48	-	-	-
Other Intangible Assets	25.08	28	0.02	0.02	0.03
Long-Term Deferred Tax Assets	15.22	15.63	20.77	10.53	3.54
Total Assets	626.2	459.19	575.66	574.17	404.27
Accounts Payable	107.32	97.87	195.48	200.16	32.2
Accrued Expenses	83.18	38.18	14.66	11.53	5.99
Short-Term Debt	205.23	14.67	14.67	-	-
Current Portion of Long-Term Debt	0.31	80	118.98	87.18	115.98
Current Portion of Leases	2.81	-	-	-	0.31
Current Income Taxes Payable	1.94	1.69	1.26	0.15	14.57
Current Unearned Revenue	15.68	34.45	17.07	38.26	16.61
Other Current Liabilities	0.76	29.55	0.76	0.76	0.82
Total Current Liabilities	423.49	303.42	362.88	338.04	186.48
Long-Term Debt	19	1.97	30	30	-
Long-Term Leases	4.38	-	-	-	-
Total Liabilities	446.87	305.39	392.88	368.04	186.48
Common Stock	5.04	5.04	3.58	3.58	3.58
Additional Paid-In Capital	-	183.21	89.94	89.94	89.94
Retained Earnings	-	-72.68	51.02	74.49	85.87
Comprehensive Income & Other	174.29	38.25	38.25	38.25	38.25
Total Common Equity	179.33	153.82	182.79	206.26	217.64
Minority Interest	-	-0.03	-0.02	-0.14	0.14
Shareholders' Equity	179.33	153.8	182.77	206.12	217.79
Total Liabilities & Equity	626.2	459.19	575.66	574.17	404.27
Total Debt	231.72	96.64	163.66	117.18	116.29
Net Cash (Debt)	-180.07	-62.68	-145.8	-112.1	-81.43
Net Cash Per Share	-0.32	-0.13	-0.36	-0.28	-0.20
Filing Date Shares Outstanding	560	560	400	400	400
Total Common Shares Outstanding	560	560	400	400	400
Working Capital	86.9	44.27	191.67	225.23	213.79
Book Value Per Share	0.32	0.27	0.46	0.52	0.54
Tangible Book Value	86.78	58.34	182.77	206.24	217.62
Tangible Book Value Per Share	0.15	0.10	0.46	0.52	0.54
Machinery	-	7.18	6.94	6.94	6.94
Leasehold Improvements	-	-	-	-	0.23

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