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	Sep '26 Sep 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	538.3	624.49	781.79	1,288	1,582	1,565
Trading Asset Securities	-	-	-	-	-	15.1
Cash & Short-Term Investments	538.3	624.49	781.79	1,288	1,582	1,580
Cash Growth	-20.08%	-20.12%	-39.29%	-18.63%	0.14%	-24.10%
Accounts Receivable	551.81	425.93	470.85	479.91	465.31	465.26
Other Receivables	25.73	112.41	120.67	89.75	67.51	18.68
Receivables	577.54	538.34	591.52	569.66	532.82	483.95
Inventory	38.73	25.27	24.78	57.21	47.19	93.58
Prepaid Expenses	-	-	-	-	-	0.54
Other Current Assets	210.6	62.27	5.38	2.89	6.04	209.13
Total Current Assets	1,365	1,250	1,403	1,917	2,168	2,367
Property, Plant & Equipment	2,633	2,015	1,799	1,697	1,714	2,075
Long-Term Investments	152.1	153.89	93.89	87.48	105.46	125.75
Other Intangible Assets	77.55	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	0.28	0.47	0.74	2.04	2.95	6.63
Other Long-Term Assets	19.96	82.53	1.59	15.22	0.6	37.37
Total Assets	4,251	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	Sep '26 Sep 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	637.35	287.55	275.39	332.78	329.58	842.18
Accrued Expenses	60.9	119.63	94.99	89.2	76.45	119.71
Short-Term Debt	99.31	0.3	0.29	0	57.57	538.36
Current Portion of Long-Term Debt	135.58	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	31.85	4.42	3.69	-	-	0.04
Current Unearned Revenue	72.85	135.44	135.16	151	163.51	252.26
Other Current Liabilities	282.26	333.73	369.52	461.68	304.23	68.5
Total Current Liabilities	1,320	960.86	923.58	1,067	960.54	1,883
Long-Term Debt	442.61	200.59	51.39	85.64	111.33	64.05
Long-Term Leases	2.64	-	4.23	1.4	4.29	0.74
Long-Term Unearned Revenue	6.11	6.9	6.78	9.97	20.9	38.55
Long-Term Deferred Tax Liabilities	-	-	-	-	0.14	0.04
Total Liabilities	1,771	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	Sep '26 Sep 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	4,061	4,019	3,924	3,918	3,912	3,255
Retained Earnings	-2,030	-2,055	-1,981	-1,740	-1,398	-984.2
Treasury Stock	-10	-3.53	-	-	-	-
Comprehensive Income & Other	-2.29	-0.71	-0.6	-0.05	1.23	3.29
Total Common Equity	2,479	2,416	2,395	2,631	2,969	2,697
Minority Interest	0.19	0.21	0.58	6.94	11.05	15.01
Shareholders' Equity	2,479	2,417	2,396	2,638	2,980	2,712
Total Liabilities & Equity	4,251	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	Sep '26 Sep 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	680.15	280.68	100.45	119.33	202.41	665.11
Net Cash (Debt)	-141.85	343.81	681.34	1,168	1,380	914.99
Net Cash Growth	-	-49.54%	-41.68%	-15.34%	50.82%	-56.05%
Net Cash Per Share	-0.31	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	45.07	289.51	479.89	850.47	1,208	484.28
Book Value Per Share	5.38	5.30	5.29	5.81	6.55	6.38
Tangible Book Value	2,402	2,337	2,316	2,551	2,886	2,613
Tangible Book Value Per Share	5.21	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