Kunlun Tech 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	Dec '21 Dec 31, 2021
Cash & Equivalents	2,027	1,789	1,543	1,112	1,000	1,985
Trading Asset Securities	962.92	1,611	2,204	1,560	1,501	833.01
Cash & Short-Term Investments	2,990	3,400	3,747	2,672	2,502	2,818
Cash Growth	-2.43%	-9.26%	40.24%	6.80%	-11.23%	-25.27%
Accounts Receivable	1,128	1,150	864.73	680.73	785.24	594.63
Other Receivables	41.4	37.14	73.37	306.79	89.58	525.4
Receivables	1,170	1,187	938.1	987.52	874.83	1,120
Inventory	22.62	15.31	-	-	-	-
Prepaid Expenses	-	0.04	0.36	0.17	-	34.18
Other Current Assets	315.68	252.15	172.21	143.1	64.71	55.94
Total Current Assets	4,498	4,855	4,858	3,803	3,441	4,028
Property, Plant & Equipment	455.89	480.09	553.68	581.99	209.87	183.81
Long-Term Investments	9,122	9,251	9,223	10,650	8,966	7,726
Goodwill	4,763	4,829	5,158	5,325	3,934	3,781
Other Intangible Assets	873.44	785.59	810.21	787.67	700.19	667.04
Long-Term Deferred Tax Assets	11.12	11.14	7.64	8.22	11.49	32.05
Long-Term Deferred Charges	0.74	0.82	26.11	1.62	4.06	6.76
Other Long-Term Assets	18.79	20.74	40.24	327.71	291.71	1,468
Total Assets	19,743	20,234	20,676	21,485	17,561	17,899
Accounts Payable	1,868	1,275	1,374	1,213	1,607	22.96
Accrued Expenses	229.35	280.73	253.13	240.72	207.8	747.99
Short-Term Debt	1,470	1,281	1,078	1,136	658.38	1,381
Current Portion of Long-Term Debt	-	-	-	-	1.02	3.13
Current Portion of Leases	81.63	76.7	105.07	145.44	60.02	74.55
Current Income Taxes Payable	104.89	57.77	23.07	54.48	17.21	9.17
Current Unearned Revenue	390.13	224.09	120.49	176.2	139.46	174.42
Other Current Liabilities	2.48	227.72	56.97	71.54	70.47	2,057
Total Current Liabilities	4,147	3,423	3,011	3,038	2,762	4,471
Long-Term Debt	626.03	618.63	201.54	-	-	18.99
Long-Term Leases	40.86	60.19	83.32	179.44	85.83	68.57
Long-Term Unearned Revenue	7.66	8.51	2	-	-	-
Long-Term Deferred Tax Liabilities	459.54	469.73	394.29	368.85	170.31	49.73
Other Long-Term Liabilities	9.35	9.35	-	-	-	-
Total Liabilities	5,290	4,589	3,693	3,586	3,018	4,608
Common Stock	1,255	1,255	1,231	1,215	1,186	1,198
Additional Paid-In Capital	3,836	3,731	3,042	2,492	1,460	1,125
Retained Earnings	7,291	8,178	9,987	11,642	10,478	9,403
Treasury Stock	-	-	-	-	-	-300.27
Comprehensive Income & Other	-134.55	21.36	8.59	-174.78	-426.12	-1,045
Total Common Equity	12,248	13,185	14,269	15,174	12,698	10,381
Minority Interest	2,205	2,460	2,715	2,725	1,845	2,910
Shareholders' Equity	14,453	15,645	16,984	17,899	14,543	13,291
Total Liabilities & Equity	19,743	20,234	20,676	21,485	17,561	17,899
Total Debt	2,219	2,037	1,468	1,461	805.25	1,546
Net Cash (Debt)	771.07	1,364	2,279	1,211	1,697	1,272
Net Cash Growth	-46.93%	-40.17%	88.22%	-28.63%	33.38%	-40.01%
Net Cash Per Share	0.62	1.10	1.86	0.98	1.41	1.08
Filing Date Shares Outstanding	1,255	1,255	1,231	1,215	1,186	1,175
Total Common Shares Outstanding	1,255	1,255	1,231	1,215	1,186	1,175
Working Capital	351.19	1,432	1,847	765.27	679.75	-442.3
Book Value Per Share	9.76	10.50	11.59	12.49	10.71	8.84
Tangible Book Value	6,611	7,571	8,300	9,062	8,063	5,933
Tangible Book Value Per Share	5.27	6.03	6.74	7.46	6.80	5.05
Machinery	-	700.28	643.35	459.99	243.65	209.52

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