QITIAN Technology Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	246.89	401.26	414.15	377.33	121.46	415.17
Cash & Short-Term Investments	246.89	401.26	414.15	377.33	121.46	415.17
Cash Growth	43.69%	-3.11%	9.76%	210.65%	-70.74%	-59.74%
Accounts Receivable	607.47	481.75	585.56	446.27	426.86	350.14
Other Receivables	37.6	40.43	54.65	56.23	56.93	83.57
Receivables	645.08	522.18	640.21	502.5	483.78	433.72
Inventory	1.11	2.79	3.98	9.18	13.94	30.76
Prepaid Expenses	-	0.02	-	-	-	-
Other Current Assets	239.93	245.79	226.28	291.41	259.33	296.93
Total Current Assets	1,133	1,172	1,285	1,180	878.51	1,177
Property, Plant & Equipment	9.64	15.12	20.13	15.71	21.43	42.65
Long-Term Investments	74.96	74.96	76.83	78.64	80	80
Goodwill	-	-	175.83	601.75	601.75	943.16
Other Intangible Assets	33.7	37.89	40.47	65.49	90.46	127.07
Long-Term Accounts Receivable	-	-	5.26	7.29	26.93	22.06
Long-Term Deferred Tax Assets	12.33	9.98	4.96	3.11	7.79	8
Long-Term Deferred Charges	8.41	1.81	3.67	1.28	2.23	6.32
Other Long-Term Assets	18.58	19.72	21.51	22.99	22.53	-
Total Assets	1,291	1,332	1,633	1,977	1,732	2,406
Accounts Payable	18.5	33.23	45.77	53.17	28.83	75.12
Accrued Expenses	7.59	25.42	31.84	48.75	42.32	76.96
Short-Term Debt	618.01	581.98	605.72	504.46	318.79	400.71
Current Portion of Long-Term Debt	-	-	-	-	2.41	24.91
Current Portion of Leases	5.28	7.51	7.66	4.44	5.06	-
Current Income Taxes Payable	1.81	1.5	0.25	4.74	5.52	7.31
Current Unearned Revenue	77.71	88.68	117.83	113.56	119.61	135.89
Other Current Liabilities	13.07	13.85	20.67	20.64	15.31	18.19
Total Current Liabilities	741.97	752.18	829.74	749.77	537.86	739.09
Long-Term Debt	-	-	-	-	5.78	76.06
Long-Term Leases	0.17	2.47	6.35	3.32	5.41	-
Long-Term Unearned Revenue	-	-	-	-	-	0.03
Long-Term Deferred Tax Liabilities	0.06	0.1	2.2	6.5	10.82	16.2
Other Long-Term Liabilities	7.26	8.65	11.61	11.59	11.87	6.3
Total Liabilities	749.46	763.39	849.89	771.17	571.75	837.69
Common Stock	658.99	658.99	658.99	658.99	660.94	669.87
Additional Paid-In Capital	1,886	1,886	1,886	1,847	1,867	1,890
Retained Earnings	-2,007	-1,979	-1,765	-1,269	-1,321	-954.75
Treasury Stock	-	-	-	-	-13.69	-39.76
Comprehensive Income & Other	-14.41	-14.41	-12.93	-11.25	-10	-10
Total Common Equity	523.95	551.84	767.54	1,226	1,184	1,556
Minority Interest	17.22	16.31	15.85	-20.3	-24.16	12.45
Shareholders' Equity	541.17	568.15	783.38	1,206	1,160	1,568
Total Liabilities & Equity	1,291	1,332	1,633	1,977	1,732	2,406
Total Debt	623.47	591.96	619.73	512.22	337.46	501.69
Net Cash (Debt)	-376.58	-190.7	-205.58	-134.89	-215.99	-86.52
Net Cash Per Share	-0.56	-0.29	-0.31	-0.21	-0.32	-0.13
Filing Date Shares Outstanding	658.99	658.99	658.99	658.99	504.1	671.37
Total Common Shares Outstanding	658.99	658.99	658.99	658.99	504.1	671.37
Working Capital	391.04	419.88	454.88	430.65	340.65	437.49
Book Value Per Share	0.80	0.84	1.16	1.86	2.35	2.32
Tangible Book Value	490.25	513.95	551.24	558.57	491.82	485.48
Tangible Book Value Per Share	0.74	0.78	0.84	0.85	0.98	0.72
Buildings	-	2.59	2.59	2.59	2.59	27.37
Machinery	-	12.63	13.01	16.52	27.59	39.45

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