UCloud Technology 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	514.2	624.49	781.79	1,288	1,582	1,565
Trading Asset Securities	-	-	-	-	-	15.1
Cash & Short-Term Investments	514.2	624.49	781.79	1,288	1,582	1,580
Cash Growth	-22.12%	-20.12%	-39.29%	-18.63%	0.14%	-24.10%
Accounts Receivable	470.31	425.93	470.85	479.91	465.31	465.26
Other Receivables	11.49	112.41	120.67	89.75	67.51	18.68
Receivables	481.8	538.34	591.52	569.66	532.82	483.95
Inventory	25.43	25.27	24.78	57.21	47.19	93.58
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	176.51	62.27	5.38	2.89	6.04	209.13
Total Current Assets	1,198	1,250	1,403	1,917	2,168	2,367
Property, Plant & Equipment	2,170	2,015	1,799	1,697	1,714	2,075
Long-Term Investments	153.89	153.89	93.89	87.48	105.46	125.75
Other Intangible Assets	79.15	79.81	79.3	80.33	82.52	83.81
Long-Term Accounts Receivable	-	0.89	1.05	2.61	2.53	2.5
Long-Term Deferred Tax Assets	2.39	2.4	2.2	-	-	-
Long-Term Deferred Charges	0.38	0.47	0.74	2.04	2.95	6.63
Other Long-Term Assets	64.49	82.53	1.59	15.22	0.6	37.37
Total Assets	3,668	3,585	3,381	3,802	4,077	4,698
Accounts Payable	389.86	287.55	275.39	332.78	329.58	842.18
Accrued Expenses	52.98	119.63	94.99	89.2	76.45	119.71
Short-Term Debt	70.07	0.3	0.29	0	57.57	538.36
Current Portion of Long-Term Debt	93.9	74.28	34.32	25.79	17.26	50.12
Current Portion of Leases	-	5.5	10.22	6.5	11.96	11.83
Current Income Taxes Payable	28.61	4.42	3.69	-	-	0.04
Current Unearned Revenue	59.96	135.44	135.16	151	163.51	252.26
Other Current Liabilities	294.88	333.73	369.52	461.68	304.23	68.5
Total Current Liabilities	990.25	960.86	923.58	1,067	960.54	1,883
Long-Term Debt	246.3	200.59	51.39	85.64	111.33	64.05
Long-Term Leases	4.03	-	4.23	1.4	4.29	0.74
Long-Term Unearned Revenue	5.61	6.9	6.78	9.97	20.9	38.55
Long-Term Deferred Tax Liabilities	-	-	-	-	0.14	0.04
Total Liabilities	1,246	1,168	985.98	1,164	1,097	1,986
Common Stock	456.31	456.31	453.1	453.1	453.1	422.81
Additional Paid-In Capital	4,022	4,019	3,924	3,918	3,912	3,255
Retained Earnings	-2,052	-2,055	-1,981	-1,740	-1,398	-984.2
Treasury Stock	-3.53	-3.53	-	-	-	-
Comprehensive Income & Other	-1.2	-0.71	-0.6	-0.05	1.23	3.29
Total Common Equity	2,422	2,416	2,395	2,631	2,969	2,697
Minority Interest	0.2	0.21	0.58	6.94	11.05	15.01
Shareholders' Equity	2,422	2,417	2,396	2,638	2,980	2,712
Total Liabilities & Equity	3,668	3,585	3,381	3,802	4,077	4,698
Total Debt	414.29	280.68	100.45	119.33	202.41	665.11
Net Cash (Debt)	99.9	343.81	681.34	1,168	1,380	914.99
Net Cash Growth	-82.20%	-49.54%	-41.68%	-15.34%	50.82%	-56.05%
Net Cash Per Share	0.24	0.75	1.50	2.59	3.07	2.17
Filing Date Shares Outstanding	456.31	456.31	453.1	453.1	453.1	422.81
Total Common Shares Outstanding	456.31	456.31	453.1	453.1	453.1	422.81
Working Capital	207.68	289.51	479.89	850.47	1,208	484.28
Book Value Per Share	5.31	5.30	5.29	5.81	6.55	6.38
Tangible Book Value	2,342	2,337	2,316	2,551	2,886	2,613
Tangible Book Value Per Share	5.13	5.12	5.11	5.63	6.37	6.18
Buildings	-	964.83	618.45	410.97	262.28	177.77
Machinery	-	2,594	2,602	2,386	2,245	2,754
Construction In Progress	-	149.22	343.8	483.16	555.05	535.97

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