Token Cat 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	1.07	6.3	9.56	69.9	63.46	109.92
Short-Term Investments	3.14	2.79	6.59	7.98	7.64	54.42
Cash & Short-Term Investments	4.21	9.08	16.16	77.88	71.1	164.34
Cash Growth	-55.74%	-43.79%	-79.25%	9.53%	-56.73%	-40.92%
Accounts Receivable	15.95	12.76	28.89	49.97	47.95	66.13
Other Receivables	0	0.48	0.64	1.2	16.74	1.47
Receivables	15.96	13.24	29.53	51.17	64.69	67.6
Prepaid Expenses	5.1	8.08	-	40.3	26.92	39.28
Restricted Cash	4.01	4.04	6.43	6.95	33.84	29.83
Other Current Assets	168.49	3.6	9.88	-2.62	9.16	10.36
Total Current Assets	197.77	38.05	62	173.67	205.71	311.4
Property, Plant & Equipment	-	-	5.71	10.14	8.57	16.51
Long-Term Investments	5.94	6.1	5.56	5.38	5.36	8.95
Goodwill	-	-	45.56	45.56	115.41	115.41
Other Intangible Assets	-	-	-	-	17.71	21.82
Other Long-Term Assets	-	-	0.52	0.52	0.31	0.31
Total Assets	203.7	44.14	119.35	235.27	353.08	474.41
Accounts Payable	13.42	13.88	10.41	13.66	29.58	21.79
Accrued Expenses	26.59	21.13	37.1	65.46	76.45	106.95
Short-Term Debt	26.63	31.73	15.69	3.17	7	-
Current Portion of Leases	3.49	3.38	4.09	5.2	2.59	5.91
Current Income Taxes Payable	8.03	0.03	0.02	-	0.65	0.63
Current Unearned Revenue	0.07	0.8	1.22	1.35	4.14	4.05
Other Current Liabilities	54.55	32.09	18.25	19.73	31.38	36.83
Total Current Liabilities	132.79	103.03	86.76	108.56	151.78	176.16
Long-Term Debt	10	10	3	1.55	-	-
Long-Term Leases	1.58	3.36	6.1	7.49	1.48	4.05
Long-Term Unearned Revenue	-	-	0.05	0.02	0.1	0.19
Long-Term Deferred Tax Liabilities	-	-	-	-	5.45	5.45
Other Long-Term Liabilities	26.35	68.56	3.95	24.87	0.96	1.5
Total Liabilities	170.72	184.95	99.86	142.49	159.77	187.35
Common Stock	5.79	0.52	0.27	0.27	0.22	0.22
Additional Paid-In Capital	1,484	1,323	1,306	1,297	1,231	1,221
Retained Earnings	-1,422	-1,421	-1,233	-1,150	-983.65	-881.7
Treasury Stock	-26.05	-34.53	-45.89	-45.89	-45.89	-45.89
Comprehensive Income & Other	-8.55	-8.98	-8.29	-8.42	-7.41	-5.81
Total Common Equity	32.99	-140.81	19.48	92.78	194.41	288.16
Minority Interest	-	-	-	-	-1.1	-1.1
Shareholders' Equity	32.99	-140.81	19.48	92.78	193.31	287.06
Total Liabilities & Equity	203.7	44.14	119.35	235.27	353.08	474.41
Total Debt	41.7	48.47	28.88	17.41	11.06	9.96
Net Cash (Debt)	-37.49	-39.39	-12.72	60.47	60.04	154.38
Net Cash Growth	-	-	-	0.72%	-61.11%	-44.50%
Net Cash Per Share	-304.15	-363.47	-150.09	908.35	939.33	2434.04
Filing Date Shares Outstanding	1.69	0.15	0.08	0.08	0.06	0.07
Total Common Shares Outstanding	1.69	0.15	0.08	0.08	0.06	0.07
Working Capital	64.98	-64.99	-24.77	65.11	53.93	135.24
Book Value Per Share	19.52	-908.91	231.91	1163.79	3032.16	4298.90
Tangible Book Value	32.99	-140.81	-26.08	47.22	61.29	150.93
Tangible Book Value Per Share	19.52	-908.91	-310.38	592.32	955.88	2251.60
Machinery	-	5.42	5.75	5.75	5.55	6.67
Leasehold Improvements	-	4.67	4.67	4.67	5.08	4.47

Updated Sep 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q