Nano Labs Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8.5	32.43	48.16	87.81	233.85
Short-Term Investments	28.46	2.2	2.36	3.43	32.81
Cash & Short-Term Investments	36.96	34.63	50.53	91.25	266.66
Cash Growth	6.72%	-31.45%	-44.63%	-65.78%	646.25%
Accounts Receivable	0.28	0.57	1.74	-	-
Other Receivables	25.77	21.88	34.04	23.73	33.08
Receivables	26.05	22.45	35.78	23.73	33.08
Inventory	13.69	29.87	12.87	102.2	213.87
Restricted Cash	1.35	0.42	0.42	0.05	-
Other Current Assets	352.81	250.32	25.89	71.42	379.82
Total Current Assets	430.87	337.69	125.49	288.65	893.43
Property, Plant & Equipment	185.72	202.55	177.08	29.87	16.4
Long-Term Investments	2	-	-	-	-
Other Intangible Assets	45.76	46.75	47.73	48.72	-
Other Long-Term Assets	455.16	28.95	-	-	-
Total Assets	1,120	615.93	350.3	367.24	909.83
Accounts Payable	19.42	18.1	16.88	15.29	2.84
Accrued Expenses	3.23	4	7.01	8.54	6.59
Short-Term Debt	54.95	18	20	-	-
Current Portion of Long-Term Debt	6.89	5.35	3.41	0.28	-
Current Portion of Leases	1.13	1.91	3.48	4.2	5.22
Current Income Taxes Payable	16.58	16.17	13.6	13.61	0.32
Current Unearned Revenue	69.31	98.9	107.83	124.47	917.39
Other Current Liabilities	34.49	46.99	70.36	17.25	0
Total Current Liabilities	206.01	209.42	242.57	183.64	932.37
Long-Term Debt	170.9	170.68	120.26	16.67	-
Long-Term Leases	1.7	2.92	3.73	2.51	2.12
Total Liabilities	378.61	383.03	366.56	202.83	934.49
Common Stock	0.32	0.21	0.09	0.07	0.07
Additional Paid-In Capital	1,180	780.5	428.31	354.8	201.42
Retained Earnings	-423.11	-558.57	-445.38	-192.56	-223.68
Treasury Stock	-1.67	-	-	-	-
Comprehensive Income & Other	-7.45	8.65	2.25	2.1	-2.47
Total Common Equity	748.29	230.79	-14.73	164.41	-24.66
Minority Interest	-7.4	2.12	-1.53	-	-
Shareholders' Equity	740.9	232.91	-16.26	164.41	-24.66
Total Liabilities & Equity	1,120	615.93	350.3	367.24	909.83
Total Debt	235.56	198.87	150.88	23.67	7.35
Net Cash (Debt)	-198.6	-164.23	-100.35	67.58	259.31
Net Cash Growth	-	-	-	-73.94%	-
Net Cash Per Share	-10.00	-20.40	-17.04	12.68	57.70
Filing Date Shares Outstanding	23.04	15.67	6.58	5.57	103.79
Total Common Shares Outstanding	23.04	15.67	6.58	5.57	103.79
Working Capital	224.86	128.27	-117.08	105.01	-38.94
Book Value Per Share	32.47	14.72	-2.24	29.49	-0.24
Tangible Book Value	702.53	184.04	-62.46	115.7	-24.66
Tangible Book Value Per Share	30.49	11.74	-9.49	20.75	-0.24
Buildings	191.86	194.89	-	-	-
Machinery	15.18	17.82	12.41	9.84	8.59
Construction In Progress	-	-	165.22	16.12	-
Leasehold Improvements	2.79	2.79	1.55	1.55	1.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q