Qiniu Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Cash & Equivalents	205.61	451.93	166.38	187.4	285.52	140.13	Upgrade
Short-Term Investments	192.79	65.81	115.87	110.31	58.32	402.89	Upgrade
Trading Asset Securities	-	-	0.05	-	-	-	Upgrade
Cash & Short-Term Investments	398.39	517.74	282.29	297.71	343.84	543.02	Upgrade
Cash Growth	41.13%	83.41%	-5.18%	-13.42%	-36.68%	102.34%	Upgrade
Accounts Receivable	457.63	438.4	293.49	202.21	274.52	161.96	Upgrade
Other Receivables	-	0.81	2.75	5.92	11.68	26.07	Upgrade
Receivables	457.63	439.21	296.23	208.13	286.2	190.03	Upgrade
Inventory	5.05	7.83	25.79	39.09	43.96	-	Upgrade
Restricted Cash	2.23	7.86	-	1.02	0.64	-	Upgrade
Other Current Assets	25.14	26.03	17.66	7.35	14.14	18.33	Upgrade
Total Current Assets	888.44	998.67	621.97	553.29	688.78	751.38	Upgrade
Property, Plant & Equipment	103.24	117.38	139.62	197.92	274.27	139.4	Upgrade
Long-Term Investments	86.97	86.26	98.19	152.87	121.71	65.23	Upgrade
Other Intangible Assets	0.38	-	-	-	0.3	1.53	Upgrade
Total Assets	1,079	1,202	859.78	904.08	1,085	957.54	Upgrade
Accounts Payable	286.12	311.32	230.96	144.06	148.69	43.41	Upgrade
Accrued Expenses	-	109.78	68.84	67.83	84.76	130.2	Upgrade
Short-Term Debt	199.97	196.1	198.6	159.8	100	10	Upgrade
Current Portion of Long-Term Debt	-	-	3.29	15.71	15.11	2.01	Upgrade
Current Portion of Leases	7.48	12.89	7.54	11.93	14.87	3.52	Upgrade
Current Income Taxes Payable	0.02	0.03	-	-	-	-	Upgrade
Current Unearned Revenue	86.42	95.27	115.32	105.59	127.6	99.62	Upgrade
Other Current Liabilities	82.44	26.8	32.76	58.38	126.85	119.34	Upgrade
Total Current Liabilities	662.45	752.2	657.29	563.3	617.88	408.1	Upgrade
Long-Term Debt	-	-	-	3.29	19	-	Upgrade
Long-Term Leases	9.28	14.38	2.51	7.01	13.98	-	Upgrade
Long-Term Unearned Revenue	1.63	0.25	0.34	-	0.23	3.66	Upgrade
Total Liabilities	673.36	766.82	660.14	573.61	651.09	411.76	Upgrade
Common Stock	1.42	1.42	0.03	0.03	0.03	0.03	Upgrade
Additional Paid-In Capital	3,905	3,905	-	-	-	-	Upgrade
Retained Earnings	-3,473	-3,439	-2,980	-2,656	-2,443	-2,351	Upgrade
Comprehensive Income & Other	-28.25	-31.86	-35.45	-20.34	204.73	41.43	Upgrade
Total Common Equity	405.66	435.48	-3,015	-2,676	-2,238	-2,310	Upgrade
Shareholders' Equity	405.66	435.48	199.64	330.48	433.96	545.78	Upgrade
Total Liabilities & Equity	1,079	1,202	859.78	904.08	1,085	957.54	Upgrade
Total Debt	216.73	223.37	211.94	197.74	162.97	15.53	Upgrade
Net Cash (Debt)	181.66	294.37	70.36	99.97	180.87	527.48	Upgrade
Net Cash Growth	158.20%	318.39%	-29.62%	-44.73%	-65.71%	166.07%	Upgrade
Net Cash Per Share	0.12	0.39	0.16	0.23	0.41	1.20	Upgrade
Filing Date Shares Outstanding	1,997	1,997	437.91	437.91	437.91	437.91	Upgrade
Total Common Shares Outstanding	1,997	1,997	437.91	437.91	437.91	437.91	Upgrade
Working Capital	225.99	246.47	-35.32	-10.01	70.9	343.28	Upgrade
Book Value Per Share	0.20	0.22	-6.89	-6.11	-5.11	-5.27	Upgrade
Tangible Book Value	405.28	435.48	-3,015	-2,676	-2,239	-2,311	Upgrade
Tangible Book Value Per Share	0.20	0.22	-6.89	-6.11	-5.11	-5.28	Upgrade
Machinery	-	555.5	517.93	524.66	514.35	377.36	Upgrade
Leasehold Improvements	-	21.28	19.6	6.8	6.54	14.48	Upgrade

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