Yuanbao 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
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
Cash & Equivalents	1,319	1,905	863.12	373.56	528.87
Short-Term Investments	2,084	416.22	261.82	267.82	48.47
Cash & Short-Term Investments	3,404	2,321	1,125	641.38	577.34
Cash Growth	100.01%	106.31%	75.39%	11.09%	-
Receivables	349.33	260.96	251.64	217.4	36.75
Prepaid Expenses	-	61.41	4.19	2.2	1.2
Restricted Cash	15	15	10.79	10	10
Other Current Assets	30.8	14.56	18.66	119.6	91.66
Total Current Assets	3,799	2,673	1,410	990.58	716.95
Property, Plant & Equipment	22.1	24.23	34.68	22.97	6.77
Other Intangible Assets	58	58.05	58.21	58.12	57.89
Long-Term Deferred Tax Assets	8.49	6.94	-	-	-
Other Long-Term Assets	17.6	2.69	3.32	5.34	8.72
Total Assets	3,905	2,780	1,521	1,077	790.33
Accounts Payable	18.74	10.68	17.08	9.71	4.74
Accrued Expenses	1,077	360.76	283.8	296.35	37.89
Current Portion of Leases	13.61	13.45	12.44	10.04	2.57
Current Income Taxes Payable	33.57	1.4	0.43	0.16	-
Current Unearned Revenue	93.28	117.65	67.48	46.44	117.05
Other Current Liabilities	-	436.88	252.93	109.78	105.51
Total Current Liabilities	1,237	940.81	634.15	472.48	267.75
Long-Term Leases	1.51	5.71	18.57	14.18	0.85
Long-Term Deferred Tax Liabilities	58.73	46.03	14.35	14.33	14.33
Other Long-Term Liabilities	-	-	-	1.47	1.24
Total Liabilities	1,297	992.56	667.08	502.47	284.18
Common Stock	0.19	0.07	0.05	0.03	0.02
Additional Paid-In Capital	3,142	198.66	134.33	61.95	30.56
Retained Earnings	-550.57	-1,851	-2,287	-1,954	-1,519
Comprehensive Income & Other	16.58	18.62	15.3	11.8	-5.79
Total Common Equity	2,608	-1,634	-2,137	-1,880	-1,494
Shareholders' Equity	2,608	1,787	853.57	574.55	506.15
Total Liabilities & Equity	3,905	2,780	1,521	1,077	790.33
Total Debt	15.12	19.16	31.02	24.23	3.43
Net Cash (Debt)	3,389	2,302	1,094	617.16	573.92
Net Cash Growth	101.94%	110.41%	77.25%	7.53%	-
Net Cash Per Share	73.93	50.90	92.82	83.95	180.20
Filing Date Shares Outstanding	36	17.83	13.67	13.67	3.18
Total Common Shares Outstanding	36	17.83	13.67	8.33	3.18
Working Capital	2,562	1,732	776.08	518.1	449.19
Book Value Per Share	72.45	-91.62	-156.40	-225.64	-469.08
Tangible Book Value	2,550	-1,692	-2,196	-1,938	-1,552
Tangible Book Value Per Share	70.84	-94.87	-160.66	-232.62	-487.25
Machinery	-	-	-	3.83	4.49
Leasehold Improvements	-	-	-	1.86	0.36

Updated Aug 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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