QingSong Health 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	315.34	362.58	293.22	295.61
Short-Term Investments	85.58	-	28.42	-
Cash & Short-Term Investments	408.92	362.58	321.64	295.61
Cash Growth	38.33%	12.73%	8.80%	-
Accounts Receivable	112.29	143.9	172.18	104.83
Other Receivables	4.05	13.2	13.3	9.93
Receivables	116.35	157.11	185.48	114.75
Restricted Cash	-	55.4	91.75	71.82
Other Current Assets	75	6.64	2.15	103.39
Total Current Assets	600.27	581.72	601.03	585.57
Property, Plant & Equipment	7.26	1.88	5.86	9.07
Long-Term Investments	8.73	84.41	81.89	-
Other Intangible Assets	19.84	19.87	17.65	17.7
Long-Term Deferred Tax Assets	0.53	1.35	-	-
Total Assets	636.62	689.23	706.43	612.34
Accounts Payable	28.1	48.79	57.08	21.55
Accrued Expenses	76.54	81.31	113.38	101.18
Short-Term Debt	1,624	1,754	1,683	1,601
Current Portion of Leases	3.76	0.04	4.41	4.03
Current Income Taxes Payable	4.59	3.12	1.21	0.46
Current Unearned Revenue	17.53	7.03	22.76	64.98
Other Current Liabilities	4.71	4.77	11.13	51.48
Total Current Liabilities	1,759	1,899	1,893	1,845
Long-Term Leases	1.51	0.02	0.09	3.86
Long-Term Deferred Tax Liabilities	7.56	9.12	10.83	4.47
Total Liabilities	1,768	1,908	1,904	1,853
Common Stock	0.05	0.05	0.05	0.05
Retained Earnings	-1,041	-1,128	-1,112	-1,185
Comprehensive Income & Other	-89.89	-91.09	-86.28	-55.48
Total Common Equity	-1,131	-1,219	-1,198	-1,241
Minority Interest	-	-	0.13	0.15
Shareholders' Equity	-1,131	-1,219	-1,198	-1,241
Total Liabilities & Equity	636.62	689.23	706.43	612.34
Total Debt	1,629	1,754	1,688	1,609
Net Cash (Debt)	-1,220	-1,391	-1,366	-1,313
Net Cash Per Share	-8.04	-13.78	-6.75	-16.40
Filing Date Shares Outstanding	206.37	80.07	80.07	80.07
Total Common Shares Outstanding	80.07	80.07	80.07	80.07
Working Capital	-1,159	-1,317	-1,292	-1,259
Book Value Per Share	-14.13	-15.22	-14.96	-15.50
Tangible Book Value	-1,151	-1,238	-1,216	-1,259
Tangible Book Value Per Share	-14.38	-15.47	-15.18	-15.72

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