QITIAN Technology Group 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	Jun '26 Jun 30, 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	143.3	376.67	401.26	414.15	377.33	121.46
Cash & Short-Term Investments	143.3	376.67	401.26	414.15	377.33	121.46
Cash Growth	-22.58%	-6.13%	-3.11%	9.76%	210.65%	-70.74%
Accounts Receivable	615.42	334.38	481.75	585.56	446.27	426.86
Other Receivables	40.21	39.39	40.43	54.65	56.23	56.93
Receivables	655.63	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	-	0.01	0.02	-	-	-
Other Current Assets	167.1	225.8	245.79	226.28	291.41	259.33
Total Current Assets	967.31	977.87	1,172	1,285	1,180	878.51
Property, Plant & Equipment	7.32	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	37	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	13.11	8.33	9.98	4.96	3.11	7.79
Long-Term Deferred Charges	2.15	0.4	1.81	3.67	1.28	2.23
Other Long-Term Assets	17.28	17.87	19.72	21.51	22.99	22.53
Total Assets	1,105	1,113	1,332	1,633	1,977	1,732

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	69.7	18.29	33.23	45.77	53.17	28.83
Accrued Expenses	5.45	19.86	25.42	31.84	48.75	42.32
Short-Term Debt	476.98	517.99	581.98	605.72	504.46	318.79
Current Portion of Long-Term Debt	2.86	-	-	-	-	2.41
Current Portion of Leases	-	2.93	7.51	7.66	4.44	5.06
Current Income Taxes Payable	21.45	0.24	1.5	0.25	4.74	5.52
Current Unearned Revenue	58.42	69.85	88.68	117.83	113.56	119.61
Other Current Liabilities	22.11	6.72	13.85	20.67	20.64	15.31
Total Current Liabilities	656.96	635.87	752.18	829.74	749.77	537.86
Long-Term Debt	-	-	-	-	-	5.78
Long-Term Leases	1.47	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	5.49	5.34	8.65	11.61	11.59	11.87
Total Liabilities	664.01	641.73	763.39	849.89	771.17	571.75

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-2,083	-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	431.95	453.38	551.84	767.54	1,226	1,184
Minority Interest	8.55	17.65	16.31	15.85	-20.3	-24.16
Shareholders' Equity	440.5	471.02	568.15	783.38	1,206	1,160
Total Liabilities & Equity	1,105	1,113	1,332	1,633	1,977	1,732

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	481.32	521.34	591.96	619.73	512.22	337.46
Net Cash (Debt)	-338.01	-144.67	-190.7	-205.58	-134.89	-215.99
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.44	-0.23	-0.29	-0.31	-0.21	-0.32
Filing Date Shares Outstanding	771.18	658.99	658.99	658.99	658.99	504.1
Total Common Shares Outstanding	771.18	658.99	658.99	658.99	658.99	504.1
Working Capital	310.35	342	419.88	454.88	430.65	340.65
Book Value Per Share	0.56	0.69	0.84	1.16	1.86	2.35
Tangible Book Value	394.95	412.36	513.95	551.24	558.57	491.82
Tangible Book Value Per Share	0.51	0.63	0.78	0.84	0.85	0.98
Buildings	-	2.59	2.59	2.59	2.59	2.59
Machinery	-	12.15	12.63	13.01	16.52	27.59