Chenqi Technology 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
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
Cash & Equivalents	372.17	1,017	612.86	553.67	86.98
Short-Term Investments	508.61	2.43	6.9	4.17	3.33
Cash & Short-Term Investments	880.78	1,019	619.75	557.84	90.31
Cash Growth	132.78%	64.43%	11.10%	517.70%	-
Accounts Receivable	20.3	28.6	20.04	14.26	5.91
Other Receivables	63.77	44.71	37.7	11.22	5.11
Receivables	84.07	73.3	57.74	25.48	11.02
Inventory	0.86	2.44	18.31	7.14	-
Restricted Cash	-	-	-	0.99	18.73
Other Current Assets	133.63	101.53	79.96	91.49	10.18
Total Current Assets	1,099	1,196	775.76	682.93	130.24
Property, Plant & Equipment	76.91	91.59	109.2	43.34	50.53
Other Intangible Assets	17.91	21.88	29.3	11.69	4.45
Other Long-Term Assets	42.09	68.85	8.77	29.58	3.27
Total Assets	1,236	1,379	923.04	767.54	188.48
Accounts Payable	93.11	66.84	78.17	58.07	52.85
Accrued Expenses	87.17	96.98	98.27	131.85	194.08
Short-Term Debt	-	-	2,050	974.79	-
Current Portion of Long-Term Debt	10.01	23.03	14.03	23.01	10
Current Portion of Leases	5.37	5.99	31.01	11.54	9.85
Current Income Taxes Payable	13.65	7.39	7.27	-	-
Current Unearned Revenue	3.79	4.37	2.84	2.14	1.29
Other Current Liabilities	43.85	57.89	47.51	292.55	38.06
Total Current Liabilities	256.94	262.48	2,329	1,494	306.13
Long-Term Debt	-	-	13	17.03	-
Long-Term Leases	6.91	9.87	10.92	6.21	15.82
Long-Term Unearned Revenue	-	-	-	-	18.27
Total Liabilities	263.85	272.34	2,353	1,517	340.22
Common Stock	0.69	0.69	0.31	0.31	0.31
Additional Paid-In Capital	3,977	3,977	901.58	899.68	899.68
Retained Earnings	-3,125	-3,000	-2,436	-1,743	-1,117
Comprehensive Income & Other	120.05	129.4	104.21	93.84	64.95
Shareholders' Equity	972.41	1,106	-1,430	-749.64	-151.74
Total Liabilities & Equity	1,236	1,379	923.04	767.54	188.48
Total Debt	22.28	38.88	2,119	1,033	35.67
Net Cash (Debt)	858.5	980.16	-1,499	-474.74	54.64
Net Cash Per Share	4.42	6.96	-16.66	-5.27	0.61
Filing Date Shares Outstanding	204.11	204.11	100	90	90
Total Common Shares Outstanding	204.11	204.11	100	90	90
Working Capital	842.4	933.85	-1,554	-811.01	-175.89
Book Value Per Share	4.76	5.42	-14.30	-8.33	-1.69
Tangible Book Value	954.5	1,084	-1,459	-761.33	-156.18
Tangible Book Value Per Share	4.68	5.31	-14.59	-8.46	-1.74
Machinery	-	88.59	84	35.35	29.7
Construction In Progress	-	-	5.21	-	-
Leasehold Improvements	-	25.95	13.99	13.63	7.97

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