Qunabox Group 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	1,141	891.99	299.02	87.34	191.75
Short-Term Investments	160.34	33.43	3.81	4.22	4.01
Trading Asset Securities	226.24	272.52	-	-	-
Cash & Short-Term Investments	1,528	1,198	302.83	91.56	195.77
Cash Growth	52.97%	295.59%	230.73%	-53.23%	-
Accounts Receivable	514.09	510.01	494	461.9	243.18
Other Receivables	-	0.87	5.23	29.63	32.65
Receivables	514.09	510.88	499.23	491.53	275.83
Inventory	12.04	11.76	27.79	32.69	20.43
Other Current Assets	178.3	183.78	67.76	22.55	19.69
Total Current Assets	2,232	1,904	897.6	638.34	511.71
Property, Plant & Equipment	119.93	139.31	120.01	176.72	238.53
Long-Term Investments	4	4	4	-	-
Long-Term Deferred Tax Assets	16.7	16.65	11.01	8.45	3.76
Other Long-Term Assets	37.5	42.02	34.75	0.09	1.95
Total Assets	2,410	2,106	1,067	823.59	755.96
Accounts Payable	56.98	48.75	11.45	20.79	50.87
Accrued Expenses	-	14.33	4.86	6.6	8.99
Short-Term Debt	-	-	-	-	40.57
Current Portion of Long-Term Debt	544.69	426.84	119.94	26.25	59.8
Current Portion of Leases	2.58	2.84	1.66	1.75	3.49
Current Income Taxes Payable	31.59	38.52	21.37	13.89	-
Current Unearned Revenue	24.07	5.39	3.08	0.5	1.03
Other Current Liabilities	44.55	1.96	4.55	0.59	80.45
Total Current Liabilities	704.46	538.62	166.9	70.37	245.21
Long-Term Debt	-	-	1,267	1,326	968.34
Long-Term Leases	4.29	1.97	0.53	0.22	1.73
Long-Term Unearned Revenue	-	0.08	0.4	0.72	1.04
Total Liabilities	708.75	540.68	1,435	1,397	1,216
Common Stock	0.02	0.02	0.01	0.01	0.01
Retained Earnings	-	-	-420.5	-591.86	-475.83
Comprehensive Income & Other	1,667	1,536	32.67	18.04	15.28
Total Common Equity	1,667	1,536	-387.83	-573.82	-460.54
Minority Interest	34.28	29.31	19.88	0.16	0.19
Shareholders' Equity	1,702	1,566	-367.94	-573.66	-460.36
Total Liabilities & Equity	2,410	2,106	1,067	823.59	755.96
Total Debt	551.56	431.65	1,390	1,354	1,074
Net Cash (Debt)	976.2	766.29	-1,087	-1,263	-878.16
Net Cash Per Share	3.46	3.85	-4.30	-12.10	-8.41
Filing Date Shares Outstanding	262.53	262.71	243	104.36	104.36
Total Common Shares Outstanding	262.53	262.71	104.36	104.36	104.36
Working Capital	1,528	1,366	730.7	567.97	266.51
Book Value Per Share	6.35	5.85	-3.72	-5.50	-4.41
Tangible Book Value	1,667	1,536	-387.83	-573.82	-460.54
Tangible Book Value Per Share	6.35	5.85	-3.72	-5.50	-4.41
Machinery	-	263.57	273.36	292.05	316.23
Leasehold Improvements	-	3.05	3.05	3.05	2.85
Order Backlog	-	-	-	5.22	12.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.