Liquidity and cash flow highlights:
- Cash and cash equivalents: 1,479.1 million CNY
- Net income: -223.3 million CNY for QQ3 2024
- Operating cash flow: -76.9 million CNY
- Free cash flow: -74.6 million CNY
- Net cash position: Net debt of -1,312.6 million CNY (cash greater than debt)
- Weighted average shares: 554.8 million
Balance sheet and leverage:
- Total assets: 1,673.0 million CNY; Total liabilities: 616.3 million CNY; Shareholders’ equity: 1,056.7 million CNY
- Current ratio: 6.02; Quick ratio: 6.00; Cash ratio: 5.82
- Short-term debt: 33.7 million CNY; Long-term debt: 132.7 million CNY; Total debt: 166.4 million CNY
- Accumulated other comprehensive income (loss): 1,056.7 million CNY
Valuation and profitability context:
- Revenue, gross profit, and operating income: not disclosed for QQ3 2024 in the provided data
- Price to book: 2.27x; Price to sales: 0x (no revenue yet); Debt-to-capitalization: 13.6%; Cash conversion and cash flow multiples are negative due to ongoing R&D burn.