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	26.22	-	-	-	31.89
Cash & Short-Term Investments	34.72	32.43	48.16	87.81	265.74
Cash Growth	7.05%	-32.67%	-45.15%	-66.96%	652.10%
Accounts Receivable	0.28	0.57	1.74	-	-
Other Receivables	20.39	-	-	-	-
Total Trade Receivables	20.67	0.57	1.74	-	-
Inventory	13.69	29.87	12.88	102.2	213.87
Other Current Assets	361.79	274.82	62.71	98.64	413.82
Total Current Assets	430.87	337.69	125.49	288.65	893.43
Net Property, Plant & Equipment	185.72	202.55	177.08	29.87	16.4
Other Intangible Assets	45.76	46.75	47.73	48.72	-
Long-Term Investments	2	-	-	-	-
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
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
Unearned Revenue	69.31	98.9	107.83	124.47	917.39
Other Current Liabilities	54.3	67.16	90.98	39.4	6.92
Total Current Liabilities	206.01	209.43	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 Long-Term Liabilities	172.6	173.6	123.99	19.19	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
Treasury Stock	-1.67	-	-	-	-
Additional Paid-in Capital	1,180	780.5	428.31	354.8	201.42
Accumulated Other Comprehensive Income	-7.45	8.65	2.25	2.1	-2.47
Retained Earnings	-423.11	-558.57	-445.39	-192.56	-223.68
Total Common Shareholders' 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)	-200.85	-166.43	-102.72	64.14	258.4
Net Cash Growth	-	-	-	-75.18%	773.13%
Net Cash Per Share	-20.22	-41.35	-34.89	24.07	115.00
Book Value	748.29	230.79	-14.73	164.41	-24.66
Book Value Per Share	75.35	57.34	-5.00	61.69	-10.98
Tangible Book Value	702.53	184.04	-62.46	115.7	-24.66
Tangible Book Value Per Share	70.74	45.73	-21.22	43.41	-10.98

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q