CloudWalk 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	723.17	559.16	837.52	1,207	1,432	852.04
Short-Term Investments	-	-	42.69	117.96	60.91	101.99
Trading Asset Securities	60.01	30.01	-	100.07	721.31	-
Cash & Short-Term Investments	783.17	589.17	880.21	1,425	2,215	954.03
Cash Growth	-10.90%	-33.06%	-38.23%	-35.66%	132.13%	-23.05%
Accounts Receivable	247.47	270.57	679.84	722.8	703.88	782.55
Other Receivables	12.92	11.75	15.14	18.16	21.07	22.53
Receivables	260.39	282.32	694.98	740.95	724.96	805.08
Inventory	69.61	48.87	63.57	63.83	125.6	217.67
Prepaid Expenses	13.05	-	-	0.38	1.28	0.48
Other Current Assets	147.29	219.16	65.84	57.03	65.01	57.93
Total Current Assets	1,274	1,140	1,705	2,287	3,131	2,035
Property, Plant & Equipment	16.43	28.89	111.09	183.95	60.83	138.82
Long-Term Investments	53.75	37.33	87.08	122.17	106.51	1.83
Other Intangible Assets	7.74	8.56	65.8	112.99	101.8	107.34
Long-Term Deferred Tax Assets	1.73	4.52	8	4.25	6.38	-
Long-Term Deferred Charges	14.87	11.19	2.63	9.43	17.76	29.47
Other Long-Term Assets	2.47	-	3.04	28.61	-	-
Total Assets	1,371	1,230	1,982	2,749	3,425	2,313
Accounts Payable	216.96	222.06	266.48	270.97	188.37	341.48
Accrued Expenses	21.6	20.81	69.97	138.61	121.45	152.83
Short-Term Debt	382.73	189.56	398.61	578.67	827.22	433.7
Current Portion of Long-Term Debt	-	53.86	-	-	-	-
Current Portion of Leases	-	-	5.01	21	20.86	20.38
Current Income Taxes Payable	0.64	4.19	0	0	-	2.76
Current Unearned Revenue	79.56	71.34	74.71	59.43	135.39	125.4
Other Current Liabilities	39.36	33.26	15.88	20.18	10.84	12.14
Total Current Liabilities	740.85	595.08	830.67	1,089	1,304	1,089
Long-Term Debt	-	-	-	-	50.05	-
Long-Term Leases	1.52	2.51	2.84	7.28	21.63	30.09
Long-Term Unearned Revenue	117.12	139.4	250.46	240.76	153.12	179.54
Long-Term Deferred Tax Liabilities	1.8	4.57	8.2	6.43	5.87	-
Other Long-Term Liabilities	-	0.42	-	-	-	-
Total Liabilities	861.29	741.99	1,092	1,343	1,535	1,298
Common Stock	1,039	1,039	1,037	1,037	740.67	628.24
Additional Paid-In Capital	4,706	4,669	4,499	4,305	4,434	2,757
Retained Earnings	-4,992	-4,979	-4,423	-3,728	-3,084	-2,216
Comprehensive Income & Other	-	3.68	4.86	8.65	2.86	1.99
Total Common Equity	752.5	732.69	1,118	1,623	2,094	1,171
Minority Interest	-243.27	-244.68	-227.85	-217.57	-203.87	-156.67
Shareholders' Equity	509.23	488.02	890.07	1,405	1,890	1,014
Total Liabilities & Equity	1,371	1,230	1,982	2,749	3,425	2,313
Total Debt	384.25	245.94	406.47	606.94	919.77	484.17
Net Cash (Debt)	398.92	343.23	473.74	817.98	1,295	469.86
Net Cash Growth	-4.60%	-27.55%	-42.08%	-36.82%	175.57%	-54.43%
Net Cash Per Share	0.36	0.33	0.46	0.79	1.33	0.54
Filing Date Shares Outstanding	1,302	1,039	1,037	1,037	1,037	879.54
Total Common Shares Outstanding	1,302	1,039	1,037	1,037	1,037	879.54
Working Capital	532.67	544.43	873.93	1,198	1,827	946.49
Book Value Per Share	0.58	0.71	1.08	1.56	2.02	1.33
Tangible Book Value	744.76	724.14	1,052	1,510	1,992	1,064
Tangible Book Value Per Share	0.57	0.70	1.01	1.46	1.92	1.21
Machinery	-	-	453.07	449.26	283.05	282.87

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