UCloud Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	576.79	624.49	781.79	1,288	1,582	1,565
Trading Asset Securities	-	-	-	-	-	15.1
Cash & Short-Term Investments	576.79	624.49	781.79	1,288	1,582	1,580
Cash Growth	5.49%	-20.12%	-39.29%	-18.63%	0.14%	-24.10%
Accounts Receivable	482.87	425.93	470.85	479.91	465.31	465.26
Other Receivables	126.46	112.41	120.67	89.75	67.51	18.68
Receivables	609.33	538.34	591.52	569.66	532.82	483.95
Inventory	32.03	25.27	24.78	57.21	47.19	93.58
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	74.08	62.27	5.38	2.89	6.04	209.13
Total Current Assets	1,292	1,250	1,403	1,917	2,168	2,367
Property, Plant & Equipment	2,246	2,015	1,799	1,697	1,714	2,075
Long-Term Investments	151.59	153.89	93.89	87.48	105.46	125.75
Other Intangible Assets	78.35	79.81	79.3	80.33	82.52	83.81
Long-Term Accounts Receivable	0.67	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	0.32	0.47	0.74	2.04	2.95	6.63
Other Long-Term Assets	60.23	82.53	1.59	15.22	0.6	37.37
Total Assets	3,832	3,585	3,381	3,802	4,077	4,698

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	282.49	287.55	275.39	332.78	329.58	842.18
Accrued Expenses	71.38	119.63	94.99	89.2	76.45	119.71
Short-Term Debt	99.5	0.3	0.29	0	57.57	538.36
Current Portion of Long-Term Debt	115.91	74.28	34.32	25.79	17.26	50.12
Current Portion of Leases	7.77	5.5	10.22	6.5	11.96	11.83
Current Income Taxes Payable	2	4.42	3.69	-	-	0.04
Current Unearned Revenue	140.76	135.44	135.16	151	163.51	252.26
Other Current Liabilities	340.44	333.73	369.52	461.68	304.23	68.5
Total Current Liabilities	1,060	960.86	923.58	1,067	960.54	1,883
Long-Term Debt	298.6	200.59	51.39	85.64	111.33	64.05
Long-Term Leases	4.47	-	4.23	1.4	4.29	0.74
Long-Term Unearned Revenue	6.76	6.9	6.78	9.97	20.9	38.55
Long-Term Deferred Tax Liabilities	-	-	-	-	0.14	0.04
Total Liabilities	1,370	1,168	985.98	1,164	1,097	1,986

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	460.71	456.31	453.1	453.1	453.1	422.81
Additional Paid-In Capital	4,059	4,019	3,924	3,918	3,912	3,255
Retained Earnings	-2,047	-2,055	-1,981	-1,740	-1,398	-984.2
Treasury Stock	-10	-3.53	-	-	-	-
Comprehensive Income & Other	-1.7	-0.71	-0.6	-0.05	1.23	3.29
Total Common Equity	2,461	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	2,462	2,417	2,396	2,638	2,980	2,712
Total Liabilities & Equity	3,832	3,585	3,381	3,802	4,077	4,698

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	526.25	280.68	100.45	119.33	202.41	665.11
Net Cash (Debt)	50.54	343.81	681.34	1,168	1,380	914.99
Net Cash Growth	-86.22%	-49.54%	-41.68%	-15.34%	50.82%	-56.05%
Net Cash Per Share	0.11	0.75	1.50	2.59	3.07	2.17
Filing Date Shares Outstanding	460.71	456.31	453.1	453.1	453.1	422.81
Total Common Shares Outstanding	460.71	456.31	453.1	453.1	453.1	422.81
Working Capital	231.98	289.51	479.89	850.47	1,208	484.28
Book Value Per Share	5.34	5.30	5.29	5.81	6.55	6.38
Tangible Book Value	2,383	2,337	2,316	2,551	2,886	2,613
Tangible Book Value Per Share	5.17	5.12	5.11	5.63	6.37	6.18
Buildings	987.21	964.83	618.45	410.97	262.28	177.77
Machinery	2,846	2,594	2,602	2,386	2,245	2,754
Construction In Progress	200.33	149.22	343.8	483.16	555.05	535.97