Quhuo 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	38.38	63.2	45.19	95.44	28.59
Short-Term Investments	-	-	68.38	64.36	178.83
Cash & Short-Term Investments	38.38	63.2	113.56	159.8	207.42
Cash Growth	-39.28%	-44.35%	-28.93%	-22.96%	-30.72%
Accounts Receivable	266.33	295.71	475.99	495.05	510.68
Other Receivables	70.47	98.21	79.07	32.82	25.29
Receivables	336.8	393.93	555.06	527.86	535.98
Prepaid Expenses	0.53	1.64	10.04	7.93	10.18
Restricted Cash	1.63	1.92	1.27	5.58	2.32
Other Current Assets	27.52	12.19	19.5	18.06	11.54
Total Current Assets	404.86	472.88	699.43	719.22	767.44
Property, Plant & Equipment	3.91	13.49	20.85	17.01	22.88
Long-Term Investments	30.72	1.42	1.42	6.06	6.11
Goodwill	65.48	65.48	65.48	65.48	66.75
Other Intangible Assets	44.63	57.99	82.82	101.6	124.26
Long-Term Deferred Tax Assets	54.84	31.55	21.97	12	6.73
Other Long-Term Assets	193.92	224.23	139.97	134.25	151.22
Total Assets	798.36	867.03	1,032	1,056	1,145
Accounts Payable	161.64	145.78	254.1	293.28	334.08
Accrued Expenses	17.99	10.29	34.42	45.29	47.79
Short-Term Debt	113.15	110.02	89.92	65	144.02
Current Portion of Long-Term Debt	0.3	2.83	2.73	0.43	4.42
Current Portion of Leases	1.38	2.82	3.91	3.28	5.32
Current Income Taxes Payable	15.21	15.18	11.12	13.45	7.6
Other Current Liabilities	85.08	50.15	62.6	67.22	65.83
Total Current Liabilities	394.75	337.06	458.79	487.94	609.06
Long-Term Debt	-	4.71	7.53	1.3	0
Long-Term Leases	0.14	1.64	1.43	1.1	1.42
Long-Term Deferred Tax Liabilities	0.26	0.6	4.69	0.81	0.75
Other Long-Term Liabilities	53.61	62.41	54.21	66.88	50.7
Total Liabilities	448.76	406.41	526.66	558.04	661.94
Common Stock	2.6	0.62	0.04	0.04	0.04
Additional Paid-In Capital	1,878	1,839	1,885	1,886	1,856
Retained Earnings	-1,523	-1,374	-1,377	-1,380	-1,367
Comprehensive Income & Other	-2.14	-1.55	-2.47	-4.65	-18.26
Total Common Equity	354.76	464.72	506.19	501.16	470.94
Minority Interest	-5.15	-4.11	-0.91	-3.59	12.49
Shareholders' Equity	349.6	460.62	505.28	497.58	483.44
Total Liabilities & Equity	798.36	867.03	1,032	1,056	1,145
Total Debt	114.97	122.01	105.53	71.12	155.19
Net Cash (Debt)	-76.6	-58.81	8.04	88.68	52.24
Net Cash Growth	-	-	-90.94%	69.77%	-72.23%
Net Cash Per Share	-49.44	-127.21	130.25	1425.06	1070.58
Filing Date Shares Outstanding	25.31	1	0.11	0.06	0.05
Total Common Shares Outstanding	4.21	1	0.07	0.06	0.05
Working Capital	10.11	135.81	240.64	231.28	158.38
Book Value Per Share	84.28	466.30	7386.49	8210.39	9081.01
Tangible Book Value	244.65	341.26	357.89	334.08	279.93
Tangible Book Value Per Share	58.12	342.42	5222.46	5473.10	5397.78
Machinery	7.83	17.06	36.34	34.21	30.49
Leasehold Improvements	0.42	0.42	0.42	0.42	0.42

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