Qibu Corporation Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	37.76	102.42	193.59	157.7	186.21	437.6
Trading Asset Securities	-	-	-	2.7	-	-
Cash & Short-Term Investments	37.76	102.42	193.59	160.41	186.21	437.6
Cash Growth	-78.80%	-47.09%	20.68%	-13.86%	-57.45%	-37.05%
Accounts Receivable	100.14	265.11	239.64	296.06	595.41	746.29
Other Receivables	39.76	41.41	44.01	18.4	17.29	170.73
Receivables	139.89	306.52	283.65	314.46	612.7	917.02
Inventory	182.96	166.03	87.2	96.7	149.7	167.95
Prepaid Expenses	-	-	-	-	2.16	2.27
Other Current Assets	113.4	43.51	27.65	49.86	85.63	219.7
Total Current Assets	474.01	618.49	592.09	621.42	1,036	1,745
Property, Plant & Equipment	113.2	119.15	70.88	123.32	196.81	269.98
Long-Term Investments	11.95	6.7	6.7	13.89	29.26	117.9
Goodwill	11	11	-	-	-	-
Other Intangible Assets	15.52	20.83	17.18	21.92	32.63	59.5
Long-Term Deferred Tax Assets	0.12	0.12	-	-	122.22	65.35
Long-Term Deferred Charges	3.18	4.05	3.4	2.45	2.16	9.85
Other Long-Term Assets	80.24	80.63	90.77	167.69	151.66	136.84
Total Assets	709.22	860.97	781	950.69	1,571	2,404
Accounts Payable	198.65	253.39	230.18	203.87	216.03	310.02
Accrued Expenses	2.36	5.3	30.74	30.17	40.24	35.64
Short-Term Debt	173.36	310.17	130	347.1	354.75	298.17
Current Portion of Long-Term Debt	0.14	0.14	-	-	-	128.15
Current Portion of Leases	-	-	0.14	0.23	3.39	5.76
Current Income Taxes Payable	0.81	6.58	3.81	3.7	3.47	3.55
Current Unearned Revenue	115.52	34.24	8.96	4.41	16.38	17.31
Other Current Liabilities	122.49	125.13	125.63	64.13	27.78	8.38
Total Current Liabilities	613.32	734.94	529.46	653.6	662.05	806.97
Long-Term Debt	-	-	128.67	142.15	235.7	244.32
Long-Term Leases	0.08	0.08	0.1	0.24	1.95	21.15
Long-Term Unearned Revenue	4.4	4.53	5.03	5.53	6.04	7.8
Long-Term Deferred Tax Liabilities	0.06	2.2	0.06	0.13	1.3	6.78
Other Long-Term Liabilities	6.54	6.45	60.59	90.08	37.57	-
Total Liabilities	624.41	748.2	723.92	891.74	944.61	1,087
Common Stock	623.44	623.44	550.26	538.67	494.07	496.04
Additional Paid-In Capital	1,067	1,067	950.47	841.59	769.57	776.81
Retained Earnings	-1,627	-1,598	-1,461	-1,338	-689.44	-29.65
Treasury Stock	-	-	-	-	-	-8.72
Comprehensive Income & Other	-7.5	-7.5	20.26	18.74	52.91	77.39
Total Common Equity	55.96	85.16	59.85	61.29	627.11	1,312
Minority Interest	28.85	27.61	-2.76	-2.33	-0.58	5.06
Shareholders' Equity	84.81	112.77	57.09	58.96	626.53	1,317
Total Liabilities & Equity	709.22	860.97	781	950.69	1,571	2,404
Total Debt	173.58	310.39	258.91	489.72	595.79	697.54
Net Cash (Debt)	-135.83	-207.97	-65.33	-329.31	-409.58	-259.94
Net Cash Per Share	-0.22	-0.34	-0.12	-0.67	-0.83	-0.52
Filing Date Shares Outstanding	624.02	715.27	550.26	538.67	494.07	494.06
Total Common Shares Outstanding	624.02	715.27	550.26	538.67	494.07	494.06
Working Capital	-139.32	-116.45	62.62	-32.18	374.36	937.57
Book Value Per Share	0.09	0.12	0.11	0.11	1.27	2.66
Tangible Book Value	29.44	53.33	42.67	39.37	594.48	1,252
Tangible Book Value Per Share	0.05	0.07	0.08	0.07	1.20	2.53
Buildings	-	-	117.04	209.61	283.47	315.4
Machinery	-	-	20.36	33.16	66.76	70.24
Construction In Progress	-	-	-	0.59	1.58	-

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