Financial Statements — BQ
Balance Sheet
(in billions CNY)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.04 |
| Short-term Investments | -- | 0.00 | -- | 0.01 | 0.13 | 0.17 |
| Accounts Receivable | 0.01 | 0.03 | 0.05 | 0.08 | 0.05 | 0.01 |
| Inventory | 0.03 | 0.04 | 0.01 | 0.08 | 0.11 | 0.09 |
| Total Current Assets | 0.03 | 0.22 | 0.04 | 0.06 | 0.58 | 0.69 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Goodwill | -- | -- | -- | 0.00 | 0.01 | 0.04 |
| Intangible Assets | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 | 0.03 |
| Total Non-current Assets | 0.01 | 0.01 | 0.01 | 0.13 | 0.20 | 0.19 |
| Total Assets | 0.04 | 0.32 | 0.38 | 0.54 | 0.78 | 0.88 |
| Accounts Payable | 0.01 | 0.00 | 0.00 | 0.06 | 0.09 | 0.01 |
| Short-term Debt | 0.00 | 0.00 | 0.02 | 0.01 | 0.16 | 0.01 |
| Total Current Liabilities | 0.01 | 0.01 | 0.01 | 0.20 | 0.05 | 0.22 |
| Long-term Debt | 0.02 | 0.01 | 0.02 | 0.09 | 0.16 | 0.15 |
| Total Non-current Liabilities | 0.00 | 0.01 | 0.05 | 0.12 | 0.21 | 0.08 |
| Total Liabilities | 0.06 | 0.01 | 0.12 | 0.32 | 0.08 | 0.75 |
| Retained Earnings | (3.12) | (3.12) | (0.42) | (2.99) | (0.46) | (0.42) |
| Total Stockholder Equity | 0.19 | 0.03 | 0.22 | 0.18 | 0.20 | 0.08 |
Income Statement
(in billions CNY) (except per-share rows)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 0.42 | 0.47 | 0.71 | 1.09 | 0.19 | 0.15 |
| Cost of Revenue | 0.04 | 0.37 | 0.57 | 0.13 | 0.15 | 0.82 |
| Gross Profit | 0.11 | 0.01 | 0.02 | 0.23 | 0.04 | 0.19 |
| Research & Development | 0.00 | 0.00 | 0.00 | -- | -- | -- |
| Selling, General & Admin | 0.04 | 0.01 | 0.06 | 0.01 | 0.08 | 0.02 |
| Total Operating Expenses | 0.14 | 0.02 | 0.03 | 0.34 | 0.38 | 0.39 |
| Operating Income | -0.00 | (0.06) | (0.06) | (0.10) | (0.02) | (0.03) |
| Interest Expense | -- | -- | -- | 0.00 | 0.00 | 0.03 |
| Pretax Income | -0.00 | (0.06) | (0.07) | (0.02) | (0.13) | (0.03) |
| Tax Provision | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Net Income | -0.00 | (0.01) | (0.01) | (0.10) | (0.13) | (0.03) |
| Basic EPS | (0.21) | (45.60) | (0.09) | (0.22) | (1.90) | (0.20) |
| Diluted EPS | (1.47) | (45.60) | (0.64) | (0.22) | (0.30) | (1.29) |
Cash Flow Statement
(in millions USD)| Metric | FY
2026 | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | (4.24) | (9.21) | (25.43) | (7.87) | (23.27) | (247.49) |
| Capital Expenditures | 0.15 | 3.30 | 0.07 | 1.81 | 0.49 | 0.99 |
| Free Cash Flow* | (4.40) | (12.51) | (25.50) | (9.68) | (23.76) | (248.48) |
| Investing Cash Flow | 23.73 | 3.39 | 6.62 | 6.77 | 21.15 | (184.42) |
| Financing Cash Flow | 16.33 | 1.12 | (33.13) | (76.66) | 0.32 | 98.98 |
* Derived from reported values
