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Consolidated balance sheets

In millions of CNY, except per-share amounts
Q4 FY2025
As of Dec 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q4 FY2020
As of Dec 31, 2020
Q4 FY2019
As of Dec 31, 2019
Q4 FY2018
As of Dec 31, 2018
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash - current - bank deposits held for short-term investments
Restricted cash - current - others
Crypto currencies
Short-term investments, net
Accounts receivable, net
Non-related parties
Related party
Total accounts receivable, net
Finance lease receivables - current, net of allowance of RMB9,970,622 and RMB4,248,857 (US$582,091) as of December 31, 2023 and 2024, respectively
Financing receivables, net of allowance of RMB57,971,477 and RMB10,654,622 (US$1,459,677) as of December 31, 2023 and 2024, respectively
Short-term contract asset, net
Prepayments and other current assets
Non-related parties
Total prepayments and other current assets
Prepayments and other current assets, net
Non-related parties
Total prepayments and other current assets, net
Receivable for bitcoin collateral, net of allowance of RMB nil and RMB 2,204,434 (US$302,006) as of December 31, 2023 and 2024, respectively
Receivable for Bitcoin collateral, net
Other current assets, net - related party
Current assets of discontinued operations
Total current assets
Non-current assets:
Restricted cash - non-current
Long-term investments
Non-related parties
Mining machines, net
Property, plant and equipment, net
Intangible assets
Intangible assets, net
Long-term contract asset, net
Finance lease receivables - non-current, net of allowance of RMB 2,730,769 and RMB 260,848 (US$35,736) as of December 31, 2023 and 2024, respectively.
Operating lease right-of-use assets, net
Other non-current assets
Non-related parties
Total other non-current assets
Receivable for Bitcoin collateral, net - non-current - related party
Other non-current assets, net
Non-related parties
Related party
Total other non-current assets, net
Non-current assets of discontinued operations
Total non-current assets
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debts
Long-term debts - current (including long-term debts - current of the consolidated VIEs without recourse to the Company of RMB926,237 and RMB nil (US$ nil) as of December 31, 2023 and 2024, respectively)
Accrued expenses and other current liabilities
Non-related parties
Related party
Total accrued expenses and other current liabilities
Deferred guarantee income (including deferred guarantee income of the consolidated VIEs without recourse to the Company of RMB86,218,888 and RMB11,787,712 (US$1,614,910) as of December 31, 2023 and 2024, respectively)
Contingent risk assurance liabilities (including contingent risk assurance liabilities of the consolidated VIEs without recourse to the Company of RMB125,140,991 and RMB31,190,425 (US$4,273,071) as of December 31, 2023 and 2024, respectively)
Income tax payable
Short-term operating lease liabilities
Current liabilities of discontinued operations
Total current liabilities
Non-current liabilities:
Long-term debts (including long-term debts of the consolidated VIEs without recourse to the Company of RMB712,023 and RMB nil (US$ nil) as of December 31, 2023 and 2024, respectively)
Long-term debts - related party
Deferred tax liability
Long-term operating lease liabilities
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to the Company of RMB226,035 and RMB19,118 (US$2,619) as of December 31, 2023 and 2024, respectively)
Non-current liabilities of discontinued operations
Total non-current liabilities
Total liabilities
Shareholders' equity
Ordinary shares
Class A ordinary shares
Class B ordinary shares
Treasury shares
Class A ordinary shares
Total treasury shares
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total shareholders' equity
Total shareholders' equity
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

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