NaaS Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	74.72	126.61	436.24	513.35	8.49	3.67
Short-Term Investments	-	9.13	27.9	-	-	0.3
Trading Asset Securities	0.05	0.05	70.16	-	-	-
Cash & Short-Term Investments	74.77	135.79	534.3	513.35	8.49	3.97
Cash Growth	-82.82%	-74.59%	4.08%	5947.25%	114.10%	-
Accounts Receivable	34.77	78.92	150.83	130	38.46	4.82
Other Receivables	-	1.21	27.7	-	0.56	23.95
Receivables	34.77	80.13	178.53	130	39.01	28.77
Inventory	0.07	1.18	22.46	-	-	-
Prepaid Expenses	-	132.06	224.43	259.2	42.51	21.95
Other Current Assets	292.63	90.34	184.24	28.24	62.77	3.66
Total Current Assets	402.24	439.5	1,144	930.79	152.78	58.35
Property, Plant & Equipment	5.36	7.41	18.4	19.63	20.31	18.31
Long-Term Investments	210.86	199.36	140.03	140.81	5	-
Goodwill	-	-	40.09	-	-	-
Other Intangible Assets	1.96	2.34	13.32	0.83	-	-
Other Long-Term Assets	0.31	2.05	109.3	13.87	-	-
Total Assets	620.74	650.64	1,465	1,106	178.09	76.66
Accounts Payable	183.81	141.89	152.07	49.24	16.87	4.32
Accrued Expenses	-	131.41	164.97	47.39	80.09	29.38
Short-Term Debt	-	244.13	294.31	-	-	-
Current Portion of Long-Term Debt	751.59	782.98	72.95	38	-	-
Current Portion of Leases	1.45	1.25	7.15	6.85	7.07	3.94
Current Income Taxes Payable	0.8	0.8	19.17	16.21	6.79	1.47
Current Unearned Revenue	-	32.51	101.05	33.54	25.11	8.86
Other Current Liabilities	227.66	15.45	5.36	0.91	0.16	0.23
Total Current Liabilities	1,165	1,350	817.03	192.14	136.09	48.2
Long-Term Debt	91.83	51.07	681.82	465.16	-	-
Long-Term Leases	1.11	3.3	6.94	9.33	12.57	13.9
Long-Term Deferred Tax Liabilities	-	-	2.92	0.44	-	-
Total Liabilities	1,258	1,405	1,509	667.06	148.65	62.1
Common Stock	422.15	186.68	165.18	146.73	-	-
Additional Paid-In Capital	7,238	7,390	7,196	6,359	423.33	147.99
Retained Earnings	-8,186	-8,252	-7,338	-6,031	-393.89	-133.43
Treasury Stock	-6.86	-6.86	-	-	-	-
Comprehensive Income & Other	-104.65	-72.3	-70.4	-35.2	-	-
Total Common Equity	-637.13	-754.46	-47.04	438.87	29.44	14.56
Minority Interest	-0.38	0.32	3.43	-	-	-
Shareholders' Equity	-637.51	-754.13	-43.61	438.87	29.44	14.56
Total Liabilities & Equity	620.74	650.64	1,465	1,106	178.09	76.66
Total Debt	845.98	1,083	1,063	519.34	19.63	17.84
Net Cash (Debt)	-771.21	-946.94	-528.87	-5.98	-11.14	-13.87
Net Cash Per Share	-652.06	-1151.84	-748.92	-9.93	-21.64	-26.94
Filing Date Shares Outstanding	1.52	2.34	0.81	0.69	0.67	0.51
Total Common Shares Outstanding	1.52	0.86	0.77	0.69	0.02	0.51
Working Capital	-763.08	-910.92	326.94	738.65	16.69	10.15
Book Value Per Share	-418.77	-875.50	-61.31	639.24	1884.10	-
Tangible Book Value	-639.1	-756.79	-100.44	438.04	29.44	14.56
Tangible Book Value Per Share	-420.06	-878.21	-130.91	638.03	1884.10	-
Machinery	-	5.83	6.2	2.87	0.61	-

Updated Jul 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q