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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	477.57	1,905	863.12	373.56	528.87
Short-Term Investments	3,205	416.22	261.82	267.82	48.47
Cash & Short-Term Investments	3,683	2,321	1,125	641.38	577.34
Cash Growth	80.40%	106.31%	75.39%	11.09%	-
Receivables	372.83	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	26.51	14.56	18.66	119.6	91.66
Total Current Assets	4,097	2,673	1,410	990.58	716.95
Property, Plant & Equipment	18.21	24.23	34.68	22.97	6.77
Other Intangible Assets	65.03	58.05	58.21	58.12	57.89
Long-Term Deferred Tax Assets	11.73	6.94	-	-	-
Other Long-Term Assets	18.6	2.69	3.32	5.34	8.72
Total Assets	4,263	2,780	1,521	1,077	790.33
Accounts Payable	14.83	10.68	17.08	9.71	4.74
Accrued Expenses	1,038	360.76	283.8	296.35	37.89
Current Portion of Leases	10.27	13.45	12.44	10.04	2.57
Current Income Taxes Payable	43.93	1.4	0.43	0.16	-
Current Unearned Revenue	97.17	117.65	67.48	46.44	117.05
Other Current Liabilities	-	436.88	252.93	109.78	105.51
Total Current Liabilities	1,204	940.81	634.15	472.48	267.75
Long-Term Leases	1.28	5.71	18.57	14.18	0.85
Long-Term Deferred Tax Liabilities	62.1	46.03	14.35	14.33	14.33
Other Long-Term Liabilities	-	-	-	1.47	1.24
Total Liabilities	1,267	992.56	667.08	502.47	284.18
Common Stock	0.19	0.07	0.05	0.03	0.02
Additional Paid-In Capital	3,162	198.66	134.33	61.95	30.56
Retained Earnings	-180.2	-1,851	-2,287	-1,954	-1,519
Comprehensive Income & Other	13.55	18.62	15.3	11.8	-5.79
Total Common Equity	2,996	-1,634	-2,137	-1,880	-1,494
Shareholders' Equity	2,996	1,787	853.57	574.55	506.15
Total Liabilities & Equity	4,263	2,780	1,521	1,077	790.33
Total Debt	11.56	19.16	31.02	24.23	3.43
Net Cash (Debt)	3,671	2,302	1,094	617.16	573.92
Net Cash Growth	81.83%	110.41%	77.25%	7.53%	-
Net Cash Per Share	56.03	50.90	92.82	83.95	180.20
Filing Date Shares Outstanding	45.01	17.83	13.67	13.67	3.18
Total Common Shares Outstanding	45.01	17.83	13.67	8.33	3.18
Working Capital	2,893	1,732	776.08	518.1	449.19
Book Value Per Share	66.56	-91.62	-156.40	-225.64	-469.08
Tangible Book Value	2,931	-1,692	-2,196	-1,938	-1,552
Tangible Book Value Per Share	65.11	-94.87	-160.66	-232.62	-487.25
Machinery	-	-	-	3.83	4.49
Leasehold Improvements	-	-	-	1.86	0.36

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