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 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	177.13	376.67	401.26	414.15	377.33	121.46
Cash & Short-Term Investments	177.13	376.67	401.26	414.15	377.33	121.46
Cash Growth	7.05%	-6.13%	-3.11%	9.76%	210.65%	-70.74%
Accounts Receivable	594.43	334.38	481.75	585.56	446.27	426.86
Other Receivables	39.95	39.39	40.43	54.65	56.23	56.93
Receivables	634.39	373.77	522.18	640.21	502.5	483.78
Inventory	1.27	1.62	2.79	3.98	9.18	13.94
Prepaid Expenses	-	-	0.02	-	-	-
Other Current Assets	218.25	225.82	245.79	226.28	291.41	259.33
Total Current Assets	1,031	977.87	1,172	1,285	1,180	878.51
Property, Plant & Equipment	8.31	6.92	15.12	20.13	15.71	21.43
Long-Term Investments	60.34	60.34	74.96	76.83	78.64	80
Goodwill	-	-	-	175.83	601.75	601.75
Other Intangible Assets	39	41.01	37.89	40.47	65.49	90.46
Long-Term Accounts Receivable	-	-	-	5.26	7.29	26.93
Long-Term Deferred Tax Assets	9.05	8.33	9.98	4.96	3.11	7.79
Long-Term Deferred Charges	0.83	0.4	1.81	3.67	1.28	2.23
Other Long-Term Assets	17.58	17.87	19.72	21.51	22.99	22.53
Total Assets	1,166	1,113	1,332	1,633	1,977	1,732
Accounts Payable	18.14	18.29	33.23	45.77	53.17	28.83
Accrued Expenses	7.46	10.37	25.42	31.84	48.75	42.32
Short-Term Debt	575.1	517.99	581.98	605.72	504.46	318.79
Current Portion of Long-Term Debt	3.44	2.93	-	-	-	2.41
Current Portion of Leases	-	-	7.51	7.66	4.44	5.06
Current Income Taxes Payable	2.8	4.75	1.5	0.25	4.74	5.52
Current Unearned Revenue	60.78	69.85	88.68	117.83	113.56	119.61
Other Current Liabilities	9.91	11.71	13.85	20.67	20.64	15.31
Total Current Liabilities	677.62	635.87	752.18	829.74	749.77	537.86
Long-Term Debt	-	-	-	-	-	5.78
Long-Term Leases	1.64	0.43	2.47	6.35	3.32	5.41
Long-Term Deferred Tax Liabilities	0.09	0.09	0.1	2.2	6.5	10.82
Other Long-Term Liabilities	5.3	5.34	8.65	11.61	11.59	11.87
Total Liabilities	684.65	641.73	763.39	849.89	771.17	571.75
Common Stock	658.99	658.99	658.99	658.99	658.99	660.94
Additional Paid-In Capital	1,886	1,886	1,886	1,886	1,847	1,867
Retained Earnings	-2,052	-2,062	-1,979	-1,765	-1,269	-1,321
Treasury Stock	-	-	-	-	-	-13.69
Comprehensive Income & Other	-29.66	-29.66	-14.41	-12.93	-11.25	-10
Total Common Equity	463.69	453.38	551.84	767.54	1,226	1,184
Minority Interest	17.8	17.65	16.31	15.85	-20.3	-24.16
Shareholders' Equity	481.5	471.02	568.15	783.38	1,206	1,160
Total Liabilities & Equity	1,166	1,113	1,332	1,633	1,977	1,732
Total Debt	580.18	521.34	591.96	619.73	512.22	337.46
Net Cash (Debt)	-403.05	-144.67	-190.7	-205.58	-134.89	-215.99
Net Cash Per Share	-0.63	-0.23	-0.29	-0.31	-0.21	-0.32
Filing Date Shares Outstanding	657.13	468.67	658.99	658.99	658.99	504.1
Total Common Shares Outstanding	657.13	468.67	658.99	658.99	658.99	504.1
Working Capital	353.41	342	419.88	454.88	430.65	340.65
Book Value Per Share	0.71	0.97	0.84	1.16	1.86	2.35
Tangible Book Value	424.69	412.36	513.95	551.24	558.57	491.82
Tangible Book Value Per Share	0.65	0.88	0.78	0.84	0.85	0.98
Buildings	-	-	2.59	2.59	2.59	2.59
Machinery	-	-	12.63	13.01	16.52	27.59

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