Chenqi 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	320.8	1,017	612.86	553.67	86.98
Short-Term Investments	450.95	2.43	6.9	4.17	3.33
Cash & Short-Term Investments	771.75	1,019	619.75	557.84	90.31
Cash Growth	-24.27%	64.43%	11.10%	517.70%	-
Accounts Receivable	77.62	28.6	20.04	14.26	5.91
Other Receivables	55.78	44.71	37.7	11.22	5.11
Receivables	133.4	73.3	57.74	25.48	11.02
Inventory	1.43	2.44	18.31	7.14	-
Restricted Cash	-	-	-	0.99	18.73
Other Current Assets	108.92	101.53	79.96	91.49	10.18
Total Current Assets	1,015	1,196	775.76	682.93	130.24
Property, Plant & Equipment	67.96	91.59	109.2	43.34	50.53
Other Intangible Assets	14.59	21.88	29.3	11.69	4.45
Other Long-Term Assets	43.21	68.85	8.77	29.58	3.27
Total Assets	1,141	1,379	923.04	767.54	188.48
Accounts Payable	156.34	66.84	78.17	58.07	52.85
Accrued Expenses	109.56	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	5.09	5.99	31.01	11.54	9.85
Current Income Taxes Payable	0.16	7.39	7.27	-	-
Current Unearned Revenue	2.34	4.37	2.84	2.14	1.29
Other Current Liabilities	46.9	57.89	47.51	292.55	38.06
Total Current Liabilities	330.4	262.48	2,329	1,494	306.13
Long-Term Debt	-	-	13	17.03	-
Long-Term Leases	4.43	9.87	10.92	6.21	15.82
Long-Term Unearned Revenue	-	-	-	-	18.27
Total Liabilities	334.83	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	901.58	899.68	899.68
Retained Earnings	-	-3,000	-2,436	-1,743	-1,117
Comprehensive Income & Other	805.72	129.4	104.21	93.84	64.95
Shareholders' Equity	806.41	1,106	-1,430	-749.64	-151.74
Total Liabilities & Equity	1,141	1,379	923.04	767.54	188.48
Total Debt	19.53	38.88	2,119	1,033	35.67
Net Cash (Debt)	752.22	980.16	-1,499	-474.74	54.64
Net Cash Growth	-23.26%	-	-	-	-
Net Cash Per Share	3.83	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	685.08	933.85	-1,554	-811.01	-175.89
Book Value Per Share	3.95	5.42	-14.30	-8.33	-1.69
Tangible Book Value	791.83	1,084	-1,459	-761.33	-156.18
Tangible Book Value Per Share	3.88	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.