UCloud 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	673.56	781.79	1,288	1,582	1,565	2,082
Trading Asset Securities	-	-	-	-	15.1	-
Cash & Short-Term Investments	673.56	781.79	1,288	1,582	1,580	2,082
Cash Growth	-24.62%	-39.29%	-18.63%	0.14%	-24.10%	137.99%
Accounts Receivable	453.33	470.85	479.91	465.31	465.26	497.63
Other Receivables	159.93	120.67	89.75	67.51	18.68	12.08
Receivables	613.27	591.52	569.66	532.82	483.95	509.71
Inventory	39.43	24.78	57.21	47.19	93.58	75.56
Prepaid Expenses	-	-	-	-	0.54	0.42
Other Current Assets	11.19	5.38	2.89	6.04	209.13	118.57
Total Current Assets	1,337	1,403	1,917	2,168	2,367	2,786
Property, Plant & Equipment	2,027	1,799	1,697	1,714	2,075	1,377
Long-Term Investments	145.74	93.89	87.48	105.46	125.75	29.07
Other Intangible Assets	77.95	79.3	80.33	82.52	83.81	85.25
Long-Term Accounts Receivable	-	1.05	2.61	2.53	2.5	1.97
Long-Term Deferred Tax Assets	2.26	2.2	-	-	-	-
Long-Term Deferred Charges	0.56	0.74	2.04	2.95	6.63	6.59
Other Long-Term Assets	0.71	1.59	15.22	0.6	37.37	18.67
Total Assets	3,592	3,381	3,802	4,077	4,698	4,305
Accounts Payable	447.06	275.39	332.78	329.58	842.18	686.81
Accrued Expenses	53.1	94.99	89.2	76.45	119.71	78.86
Short-Term Debt	0.23	0.29	0	57.57	538.36	-
Current Portion of Long-Term Debt	61.09	34.32	25.79	17.26	50.12	-
Current Portion of Leases	-	10.22	6.5	11.96	11.83	-
Current Income Taxes Payable	25.56	3.69	-	-	0.04	0.06
Current Unearned Revenue	186.8	135.16	151	163.51	252.26	116.76
Other Current Liabilities	202.83	369.52	461.68	304.23	68.5	127.65
Total Current Liabilities	976.67	923.58	1,067	960.54	1,883	1,010
Long-Term Debt	199.07	51.39	85.64	111.33	64.05	-
Long-Term Leases	0.96	4.23	1.4	4.29	0.74	-
Long-Term Unearned Revenue	8.18	6.78	9.97	20.9	38.55	31.05
Long-Term Deferred Tax Liabilities	-	-	-	0.14	0.04	-
Total Liabilities	1,185	985.98	1,164	1,097	1,986	1,041
Common Stock	456.31	453.1	453.1	453.1	422.81	422.53
Additional Paid-In Capital	4,016	3,924	3,918	3,912	3,255	3,187
Retained Earnings	-2,065	-1,981	-1,740	-1,398	-984.2	-352.11
Comprehensive Income & Other	-0.9	-0.6	-0.05	1.23	3.29	1.65
Total Common Equity	2,406	2,395	2,631	2,969	2,697	3,259
Minority Interest	0.29	0.58	6.94	11.05	15.01	4.28
Shareholders' Equity	2,407	2,396	2,638	2,980	2,712	3,263
Total Liabilities & Equity	3,592	3,381	3,802	4,077	4,698	4,305
Total Debt	261.35	100.45	119.33	202.41	665.11	-
Net Cash (Debt)	412.2	681.34	1,168	1,380	914.99	2,082
Net Cash Growth	-47.09%	-41.68%	-15.34%	50.82%	-56.05%	137.99%
Net Cash Per Share	0.90	1.50	2.59	3.07	2.17	4.98
Filing Date Shares Outstanding	456.31	453.1	453.1	453.1	422.81	422.53
Total Common Shares Outstanding	456.31	453.1	453.1	453.1	422.81	422.53
Working Capital	360.78	479.89	850.47	1,208	484.28	1,776
Book Value Per Share	5.27	5.29	5.81	6.55	6.38	7.71
Tangible Book Value	2,328	2,316	2,551	2,886	2,613	3,174
Tangible Book Value Per Share	5.10	5.11	5.63	6.37	6.18	7.51
Buildings	-	618.45	410.97	262.28	177.77	-
Machinery	-	2,602	2,386	2,245	2,754	2,269
Construction In Progress	-	343.8	483.16	555.05	535.97	154.76

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