QingCloud Technologies 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	78.3	48.51	238.29	99.37	183.51	415.92
Trading Asset Securities	-	-	-	127.65	70.14	50.04
Cash & Short-Term Investments	78.3	48.51	238.29	227.02	253.65	465.96
Cash Growth	-43.87%	-79.64%	4.97%	-10.50%	-45.56%	404.79%
Accounts Receivable	76.08	67.44	66.42	64.43	72.63	112.33
Other Receivables	8.88	8.47	16.76	3.31	5.21	6.23
Receivables	84.96	75.91	83.18	67.74	77.84	118.56
Inventory	1.05	1.05	0.92	0.85	2.46	5.06
Prepaid Expenses	-	-	1.87	0	-	-
Other Current Assets	34.76	29.3	23.16	183.42	21.41	23.7
Total Current Assets	199.07	154.77	347.42	479.03	355.36	613.28
Property, Plant & Equipment	164.29	175.12	213.72	124.69	170.35	245.46
Long-Term Investments	8.7	8.71	9	9.05	63.29	55.66
Other Intangible Assets	2	2	2.54	3.07	2.15	2.43
Long-Term Deferred Charges	2.74	3.09	4.38	8.52	9.16	6.01
Total Assets	376.79	343.68	577.06	624.35	600.3	922.84
Accounts Payable	44.39	33.92	41.43	40.56	57.29	75.9
Accrued Expenses	15.26	8.3	13.12	13.18	8.5	18.26
Short-Term Debt	72.41	90.92	248.05	172.39	113	122.81
Current Portion of Long-Term Debt	-	79.11	52.47	-	9.82	9.82
Current Portion of Leases	-	-	1.6	5.9	7.56	21.83
Current Income Taxes Payable	-	3.59	0.1	0	-	-
Current Unearned Revenue	50.07	42.99	46.32	191.08	45.58	40.57
Other Current Liabilities	88.45	37.2	32.83	6.54	6.06	5.63
Total Current Liabilities	270.57	296.02	435.91	429.66	247.83	294.81
Long-Term Debt	2.82	11.67	-	-	-	9.82
Long-Term Leases	1.76	2.21	0.44	12.03	19.3	35.74
Long-Term Unearned Revenue	0.13	0.2	0.81	2.87	3.22	-
Long-Term Deferred Tax Liabilities	0.01	0	-	-	-	-
Other Long-Term Liabilities	9.81	10.81	52.57	-	-	-
Total Liabilities	285.1	320.92	489.74	444.56	270.35	340.37
Common Stock	47.9	47.9	47.8	47.79	47.46	47.46
Additional Paid-In Capital	1,240	1,195	1,193	1,190	1,171	1,185
Retained Earnings	-1,236	-1,222	-1,155	-1,059	-889.31	-645.08
Comprehensive Income & Other	0.32	0.67	1.37	1.04	0.66	-1.13
Total Common Equity	53.14	21.51	87.11	179.48	329.37	586.15
Minority Interest	38.55	1.25	0.21	0.31	0.58	-3.68
Shareholders' Equity	91.69	22.76	87.32	179.79	329.95	582.47
Total Liabilities & Equity	376.79	343.68	577.06	624.35	600.3	922.84
Total Debt	76.99	183.9	302.56	190.32	149.69	200.01
Net Cash (Debt)	1.31	-135.39	-64.27	36.7	103.96	265.95
Net Cash Growth	-	-	-	-64.70%	-60.91%	800.60%
Net Cash Per Share	0.03	-2.83	-1.34	0.77	2.19	5.98
Filing Date Shares Outstanding	47.31	47.9	47.8	47.79	47.46	47.46
Total Common Shares Outstanding	47.31	47.9	47.8	47.79	47.46	47.46
Working Capital	-71.5	-141.25	-88.49	49.37	107.53	318.47
Book Value Per Share	1.12	0.45	1.82	3.76	6.94	12.35
Tangible Book Value	51.15	19.52	84.58	176.42	327.22	583.71
Tangible Book Value Per Share	1.08	0.41	1.77	3.69	6.89	12.30
Buildings	-	-	41.88	41.88	41.88	41.88
Machinery	-	-	138.6	135.57	135.23	137.84
Construction In Progress	-	-	-	-	1.44	-

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