Qutoutiao Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	67.7	74.65	122.8	240.35	494.48
Short-Term Investments	2.91	9.4	37.87	343.02	391.03
Cash & Short-Term Investments	70.62	84.05	160.67	583.37	885.51
Cash Growth	-15.98%	-47.69%	-72.46%	-34.12%	-45.50%
Accounts Receivable	238.89	119.36	166.21	1,031	1,121
Other Receivables	75.88	102.53	102.45	79.01	52.41
Receivables	319.17	230.78	280.25	1,125	1,185
Prepaid Expenses	-	-	-	7.86	26.9
Restricted Cash	28.79	17.06	7.6	75.48	100.32
Other Current Assets	16.85	17.11	33.31	71.08	274.49
Total Current Assets	435.43	349	481.83	1,863	2,472
Property, Plant & Equipment	3.63	6.14	26.89	39.2	67.53
Long-Term Investments	-	-	-	1.42	82.89
Goodwill	-	7.27	7.27	7.27	7.27
Other Intangible Assets	38.91	50.34	62.65	165.27	83.12
Long-Term Accounts Receivable	-	-	-	-	54.64
Long-Term Deferred Charges	-	-	1.48	2.64	4.27
Other Long-Term Assets	0.75	0.67	1.43	2.17	143.83
Total Assets	478.71	413.41	581.54	2,080	2,916
Accounts Payable	365.56	379.57	394.99	313.77	448.98
Accrued Expenses	387.81	354.7	496.32	1,586	1,156
Short-Term Debt	-	-	-	20	83.05
Current Portion of Long-Term Debt	-	-	-	1,183	-
Current Portion of Leases	2.52	2.41	15.08	11.9	20.76
Current Income Taxes Payable	4.49	4.49	8.6	6.92	5.37
Current Unearned Revenue	75.56	56.61	48.71	125	143.25
Other Current Liabilities	8.76	10.07	26.33	16.84	28.59
Total Current Liabilities	844.69	807.85	990.03	3,264	1,886
Long-Term Debt	2,169	1,945	1,746	-	1,175
Long-Term Leases	0.85	3.37	7.6	15.99	23.76
Long-Term Unearned Revenue	-	-	-	1.73	4.26
Long-Term Deferred Tax Liabilities	9.21	11.62	14.02	16.42	18.83
Total Liabilities	3,023	2,768	2,758	3,298	3,108
Common Stock	0.05	0.05	0.05	0.05	0.05
Additional Paid-In Capital	5,094	5,087	5,049	4,979	4,784
Retained Earnings	-9,054	-8,724	-8,395	-7,356	-6,007
Treasury Stock	-142.23	-142.23	-142.23	-142.23	-142.23
Comprehensive Income & Other	-212.37	-157.5	-102.83	129.01	84.32
Total Common Equity	-4,315	-3,937	-3,591	-2,390	-1,281
Minority Interest	1,770	1,583	1,414	1,172	1,089
Shareholders' Equity	-2,545	-2,354	-2,176	-1,217	-191.84
Total Liabilities & Equity	478.71	413.41	581.54	2,080	2,916
Total Debt	2,172	1,951	1,769	1,231	1,302
Net Cash (Debt)	-2,101	-1,867	-1,608	-647.48	-416.93
Net Cash Per Share	-68.55	-60.89	-52.47	-21.36	-14.37
Filing Date Shares Outstanding	28.67	28.67	28.67	28.52	28.75
Total Common Shares Outstanding	28.67	28.67	28.67	28.52	27.3
Working Capital	-409.26	-458.86	-508.21	-1,401	586.33
Book Value Per Share	-150.53	-137.36	-125.26	-83.78	-46.91
Tangible Book Value	-4,354	-3,995	-3,661	-2,562	-1,371
Tangible Book Value Per Share	-151.89	-139.37	-127.70	-89.82	-50.22
Machinery	8.7	8.63	11.84	20.45	24.26
Leasehold Improvements	-	-	4.21	25.2	17.95

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