Qunabox Group 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	1,506	891.99	299.02	87.34	191.75
Short-Term Investments	4.39	33.43	3.81	4.22	4.01
Trading Asset Securities	307.88	272.52	-	-	-
Cash & Short-Term Investments	1,818	1,198	302.83	91.56	195.77
Cash Growth	51.79%	295.59%	230.73%	-53.23%	-
Accounts Receivable	599.22	510.01	494	461.9	243.18
Other Receivables	0	0.87	5.23	29.63	32.65
Receivables	599.23	510.88	499.23	491.53	275.83
Inventory	14.14	11.76	27.79	32.69	20.43
Other Current Assets	142.71	183.78	67.76	22.55	19.69
Total Current Assets	2,574	1,904	897.6	638.34	511.71
Property, Plant & Equipment	127.32	139.31	120.01	176.72	238.53
Long-Term Investments	4	4	4	-	-
Long-Term Deferred Tax Assets	21.66	16.65	11.01	8.45	3.76
Other Long-Term Assets	-	42.02	34.75	0.09	1.95
Total Assets	2,727	2,106	1,067	823.59	755.96
Accounts Payable	49.2	48.75	11.45	20.79	50.87
Accrued Expenses	38.32	14.33	4.86	6.6	8.99
Short-Term Debt	534.94	426.84	-	-	40.57
Current Portion of Long-Term Debt	-	-	119.94	26.25	59.8
Current Portion of Leases	2.64	2.84	1.66	1.75	3.49
Current Income Taxes Payable	50.18	38.52	21.37	13.89	-
Current Unearned Revenue	23.06	5.39	3.08	0.5	1.03
Other Current Liabilities	0.73	1.96	4.55	0.59	80.45
Total Current Liabilities	699.07	538.62	166.9	70.37	245.21
Long-Term Debt	-	-	1,267	1,326	968.34
Long-Term Leases	3.18	1.97	0.53	0.22	1.73
Long-Term Unearned Revenue	-	0.08	0.4	0.72	1.04
Long-Term Deferred Tax Liabilities	8.9	-	-	-	-
Total Liabilities	711.15	540.68	1,435	1,397	1,216
Common Stock	0.02	0.02	0.01	0.01	0.01
Retained Earnings	-1,807	-2,093	-420.5	-591.86	-475.83
Treasury Stock	-18.06	-	-	-	-
Comprehensive Income & Other	3,841	3,629	32.67	18.04	15.28
Total Common Equity	2,016	1,536	-387.83	-573.82	-460.54
Minority Interest	0.62	29.31	19.88	0.16	0.19
Shareholders' Equity	2,016	1,566	-367.94	-573.66	-460.36
Total Liabilities & Equity	2,727	2,106	1,067	823.59	755.96
Total Debt	540.76	431.65	1,390	1,354	1,074
Net Cash (Debt)	1,278	766.29	-1,087	-1,263	-878.16
Net Cash Growth	66.73%	-	-	-	-
Net Cash Per Share	4.29	3.85	-4.30	-12.10	-8.41
Filing Date Shares Outstanding	264.9	262.71	243	104.36	104.36
Total Common Shares Outstanding	264.9	262.71	104.36	104.36	104.36
Working Capital	1,875	1,366	730.7	567.97	266.51
Book Value Per Share	7.61	5.85	-3.72	-5.50	-4.41
Tangible Book Value	2,016	1,536	-387.83	-573.82	-460.54
Tangible Book Value Per Share	7.61	5.85	-3.72	-5.50	-4.41
Machinery	247.47	263.57	273.36	292.05	316.23
Leasehold Improvements	3.05	3.05	3.05	3.05	2.85
Order Backlog	-	-	-	5.22	12.32

Source: S&P Capital IQ. Standard template. Financial Sources.