Qiniu 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	329.54	451.93	166.38	187.4	285.52
Short-Term Investments	72.53	65.81	115.87	110.31	58.32
Trading Asset Securities	-	-	0.05	-	-
Cash & Short-Term Investments	402.07	517.74	282.29	297.71	343.84
Cash Growth	-22.34%	83.41%	-5.18%	-13.42%	-36.68%
Accounts Receivable	527.19	438.4	293.49	202.21	274.52
Other Receivables	-	0.81	2.75	5.92	11.68
Receivables	527.19	439.21	296.23	208.13	286.2
Inventory	3.44	7.83	25.79	39.09	43.96
Restricted Cash	-	7.86	-	1.02	0.64
Other Current Assets	28.14	26.03	17.66	7.35	14.14
Total Current Assets	960.83	998.67	621.97	553.29	688.78
Property, Plant & Equipment	100.21	117.38	139.62	197.92	274.27
Long-Term Investments	79.34	86.26	98.19	152.87	121.71
Other Intangible Assets	0.36	-	-	-	0.3
Total Assets	1,141	1,202	859.78	904.08	1,085
Accounts Payable	335.24	311.32	230.96	144.06	148.69
Accrued Expenses	-	109.78	68.84	67.83	84.76
Short-Term Debt	213.38	196.1	198.6	159.8	100
Current Portion of Long-Term Debt	-	-	3.29	15.71	15.11
Current Portion of Leases	8.95	12.89	7.54	11.93	14.87
Current Income Taxes Payable	-	0.03	-	-	-
Current Unearned Revenue	96.83	95.27	115.32	105.59	127.6
Other Current Liabilities	115.82	26.8	32.76	58.38	126.85
Total Current Liabilities	770.22	752.2	657.29	563.3	617.88
Long-Term Debt	-	-	-	3.29	19
Long-Term Leases	8.52	14.38	2.51	7.01	13.98
Long-Term Unearned Revenue	2.49	0.25	0.34	-	0.23
Total Liabilities	781.23	766.82	660.14	573.61	651.09
Common Stock	1.42	1.42	0.03	0.03	0.03
Additional Paid-In Capital	3,907	3,905	-	-	-
Retained Earnings	-3,497	-3,439	-2,980	-2,656	-2,443
Treasury Stock	-22.75	-	-	-	-
Comprehensive Income & Other	-28.63	-31.86	-35.45	-20.34	204.73
Total Common Equity	359.51	435.48	-3,015	-2,676	-2,238
Minority Interest	-0	-	-	-	-
Shareholders' Equity	359.51	435.48	199.64	330.48	433.96
Total Liabilities & Equity	1,141	1,202	859.78	904.08	1,085
Total Debt	230.85	223.37	211.94	197.74	162.97
Net Cash (Debt)	171.22	294.37	70.36	99.97	180.87
Net Cash Growth	-41.84%	318.39%	-29.62%	-44.73%	-65.71%
Net Cash Per Share	0.09	0.39	0.16	0.23	0.41
Filing Date Shares Outstanding	1,980	1,997	437.91	437.91	437.91
Total Common Shares Outstanding	1,980	1,997	437.91	437.91	437.91
Working Capital	190.62	246.47	-35.32	-10.01	70.9
Book Value Per Share	0.18	0.22	-6.89	-6.11	-5.11
Tangible Book Value	359.15	435.48	-3,015	-2,676	-2,239
Tangible Book Value Per Share	0.18	0.22	-6.89	-6.11	-5.11
Machinery	574.55	555.5	517.93	524.66	514.35
Leasehold Improvements	27.29	21.28	19.6	6.8	6.54

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