BlueFocus Intelligent Communications Group Co., Ltd. (BLUEFOCUS) balance sheet

SHZ · Communication Services · Advertising Agencies · 2,431 employees · CEO An Min Pan

Price: CN¥12.15 +5.56%
Market cap: CN¥43.6B
Enterprise value: CN¥41.5B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-29

At the end of Q3 '26 BlueFocus Intelligent Communications Group Co., Ltd. (BLUEFOCUS) held CN¥4.38B in cash and short-term investments against CN¥2.25B of debt incl. leases. Total assets CN¥28.8B, total liabilities CN¥20.8B, shareholders' equity CN¥8.02B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥4.11B	CN¥2.95B	CN¥3.92B	CN¥3.58B	CN¥4.19B	CN¥2.99B	CN¥3.55B	CN¥4.09B	CN¥4.76B	CN¥3.82B	CN¥4.78B	CN¥4.36B
Short-term investments	CN¥1.27B	CN¥1.1B	CN¥476M	CN¥252M	CN¥270M	CN¥235M	CN¥207M	CN¥297M	CN¥116M	CN¥193M	CN¥108M	CN¥18M
Receivables	CN¥10.7B	CN¥11.3B	CN¥10.4B	CN¥10.9B	CN¥11.7B	CN¥11.6B	CN¥13.2B	CN¥13.6B	CN¥14.2B	CN¥16.5B	CN¥18B	CN¥17.8B
Inventory	CN¥6.09M	CN¥6.37M	CN¥6.39M	CN¥10.4M	CN¥13M	CN¥13M	CN¥14.3M	CN¥15.2M	CN¥12.7M	CN¥11.4M	CN¥11.1M	CN¥10.2M
Other current assets	CN¥98.7M	CN¥128M	CN¥152M	CN¥199M	CN¥207M	CN¥249M	CN¥260M	CN¥159M	CN¥265M	CN¥168M	CN¥27.6M	CN¥264M
Current assets	CN¥16.3B	CN¥15.8B	CN¥15.3B	CN¥15.2B	CN¥16.6B	CN¥15.4B	CN¥17.7B	CN¥18.6B	CN¥19.5B	CN¥21.2B	CN¥23.6B	CN¥23B
Property, plant & equipment (net)	CN¥333M	CN¥316M	CN¥299M	CN¥285M	CN¥273M	CN¥282M	CN¥262M	CN¥251M	CN¥252M	CN¥475M	CN¥450M	CN¥370M
Long-term investments	CN¥2.66B	CN¥2.81B	CN¥3.34B	CN¥3.3B	CN¥2.78B	CN¥2.79B	CN¥2.92B	CN¥2.94B	CN¥2.9B	CN¥2.9B	CN¥2.88B	CN¥2.87B
Goodwill	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B
Intangible assets	CN¥7.99M	CN¥7.04M	CN¥6.53M	CN¥7.33M	CN¥7.41M	CN¥6.2M	CN¥5.36M	CN¥4.75M	CN¥4.43M	CN¥4.1M	CN¥3.77M	CN¥3.77M
Deferred tax assets	CN¥603M	CN¥626M	CN¥639M	CN¥634M	CN¥676M	CN¥690M	CN¥701M	CN¥716M	CN¥674M	CN¥700M	CN¥709M	CN¥689M
Other non-current assets	CN¥33.8M	CN¥33.4M	CN¥36.1M	CN¥35.1M	CN¥302M	CN¥267M	CN¥30.2M	CN¥29.5M	CN¥28.6M	CN¥27.5M	CN¥26.5M	CN¥60.3M
Non-current assets	CN¥5.4B	CN¥5.55B	CN¥6.07B	CN¥6.02B	CN¥5.79B	CN¥5.79B	CN¥5.68B	CN¥5.7B	CN¥5.62B	CN¥5.87B	CN¥5.83B	CN¥5.75B
Total assets	CN¥21.7B	CN¥21.3B	CN¥21.4B	CN¥21.2B	CN¥22.4B	CN¥21.2B	CN¥23.3B	CN¥24.3B	CN¥25.1B	CN¥27B	CN¥29.4B	CN¥28.8B
Liabilities
Accounts payable	CN¥10.7B	CN¥9.55B	CN¥9.7B	CN¥9.22B	CN¥11.2B	CN¥9.69B	CN¥12B	CN¥12.4B	CN¥14.2B	CN¥14.6B	CN¥17.1B	CN¥16.2B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥168M	CN¥0	CN¥0	CN¥218M	CN¥239M
Short-term debt	CN¥1.44B	CN¥1.64B	CN¥1.68B	CN¥1.74B	CN¥1.33B	CN¥1.47B	CN¥2.04B	CN¥1.99B	CN¥1.58B	CN¥1.8B	CN¥1.95B	CN¥2B
Taxes payable	CN¥110M	CN¥105M	CN¥78.5M	CN¥126M	CN¥128M	CN¥229M	CN¥175M	CN¥0	CN¥203M	CN¥279M	CN¥0	CN¥0
Deferred revenue	CN¥427M	CN¥907M	CN¥861M	CN¥1.06B	CN¥1.05B	CN¥1.01B	CN¥926M	CN¥1.08B	CN¥0	CN¥0	CN¥1.23B	CN¥1.48B
Other current liabilities	CN¥81.6M	CN¥91.1M	CN¥84.7M	CN¥89.1M	CN¥87.3M	CN¥79.8M	CN¥85.7M	CN¥102M	CN¥717M	CN¥1.92B	CN¥469M	CN¥73M
Current liabilities	CN¥13B	CN¥12.5B	CN¥12.6B	CN¥12.5B	CN¥14B	CN¥12.7B	CN¥15.4B	CN¥16.1B	CN¥17B	CN¥18.6B	CN¥21B	CN¥20.4B
Long-term debt	CN¥751M	CN¥762M	CN¥552M	CN¥469M	CN¥484M	CN¥460M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations (non-current)	CN¥176M	CN¥162M	CN¥148M	CN¥139M	CN¥129M	CN¥143M	CN¥122M	CN¥113M	CN¥111M	CN¥328M	CN¥305M	CN¥247M
Deferred revenue (non-current)	CN¥232K	CN¥232K	CN¥861M	CN¥1.06B	CN¥227K	CN¥227K	CN¥451K	CN¥451K	CN¥451K	CN¥0	CN¥0	CN¥3M
Deferred tax liabilities	CN¥173M	CN¥164M	CN¥171M	CN¥159M	CN¥161M	CN¥165M	CN¥151M	CN¥163M	CN¥153M	CN¥159M	CN¥150M	CN¥138M
Other non-current liabilities	CN¥17.9M	CN¥17.9M	-CN¥843M	-CN¥1.04B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Non-current liabilities	CN¥1.12B	CN¥1.11B	CN¥889M	CN¥784M	CN¥774M	CN¥769M	CN¥273M	CN¥276M	CN¥265M	CN¥487M	CN¥455M	CN¥388M
Total liabilities	CN¥14.1B	CN¥13.6B	CN¥13.5B	CN¥13.2B	CN¥14.8B	CN¥13.5B	CN¥15.7B	CN¥16.3B	CN¥17.2B	CN¥19.1B	CN¥21.5B	CN¥20.8B
Equity
Common stock & paid-in capital	CN¥2.49B	CN¥2.49B	CN¥2.49B	CN¥2.53B	CN¥2.53B	CN¥2.53B	CN¥3.54B	CN¥3.59B	CN¥3.59B	CN¥3.59B	CN¥3.59B	CN¥3.59B
Retained earnings	CN¥1.39B	CN¥1.48B	CN¥1.56B	CN¥1.5B	CN¥1.08B	CN¥1.18B	CN¥1.18B	CN¥1.28B	CN¥1.29B	CN¥1.42B	CN¥1.47B	CN¥1.56B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.07B	CN¥422M	CN¥2.96B	CN¥317M	CN¥2.86B
Shareholders' equity	CN¥7.58B	CN¥7.72B	CN¥7.86B	CN¥7.96B	CN¥7.59B	CN¥7.7B	CN¥7.69B	CN¥7.93B	CN¥7.89B	CN¥7.96B	CN¥7.96B	CN¥8.02B
Debt
Total debt (incl. leases)	CN¥2.37B	CN¥2.57B	CN¥2.38B	CN¥2.35B	CN¥1.94B	CN¥2.08B	CN¥2.16B	CN¥2.1B	CN¥1.69B	CN¥2.13B	CN¥2.25B	CN¥2.25B
Net debt (debt - cash)	-CN¥1.75B	-CN¥379M	-CN¥1.54B	-CN¥1.23B	-CN¥2.25B	-CN¥913M	-CN¥1.39B	-CN¥1.98B	-CN¥3.08B	-CN¥1.69B	-CN¥2.52B	-CN¥2.11B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥1.02B	CN¥1.08B	CN¥1.48B	CN¥1.59B	CN¥2.42B	CN¥2.78B	CN¥3.85B	CN¥4.11B	CN¥4.19B	CN¥4.76B
Short-term investments	CN¥148M	CN¥124M	CN¥251M	CN¥709K	CN¥344M	CN¥1.29B	CN¥1.21B	CN¥1.27B	CN¥270M	CN¥116M
Receivables	CN¥5.44B	CN¥6.48B	CN¥6.51B	CN¥7.86B	CN¥10B	CN¥7.28B	CN¥7.6B	CN¥10.7B	CN¥11.7B	CN¥14.2B
Inventory	CN¥101M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.25M	CN¥9.97M	CN¥6.09M	CN¥13M	CN¥12.7M
Other current assets	CN¥785M	CN¥143M	CN¥72.9M	CN¥115M	CN¥275M	CN¥94.8M	CN¥173M	CN¥98.7M	CN¥207M	CN¥265M
Current assets	CN¥7.76B	CN¥8.14B	CN¥8.62B	CN¥9.84B	CN¥13.2B	CN¥11.5B	CN¥13B	CN¥16.3B	CN¥16.6B	CN¥19.5B
Property, plant & equipment (net)	CN¥137M	CN¥125M	CN¥368M	CN¥496M	CN¥555M	CN¥111M	CN¥161M	CN¥333M	CN¥273M	CN¥252M
Long-term investments	CN¥2.04B	CN¥1.91B	CN¥1.61B	CN¥2.14B	CN¥1.11B	CN¥946M	CN¥1.63B	CN¥2.66B	CN¥2.78B	CN¥2.9B
Goodwill	CN¥4.69B	CN¥4.64B	CN¥4.83B	CN¥4.9B	CN¥4.82B	CN¥3.04B	CN¥1.76B	CN¥1.76B	CN¥1.76B	CN¥1.76B
Intangible assets	CN¥1.56B	CN¥1.53B	CN¥1.52B	CN¥1.42B	CN¥1.29B	CN¥667M	CN¥18.8M	CN¥7.99M	CN¥7.41M	CN¥4.43M
Deferred tax assets	CN¥84.4M	CN¥172M	CN¥223M	CN¥272M	CN¥271M	CN¥287M	CN¥380M	CN¥603M	CN¥676M	CN¥674M
Other non-current assets	CN¥259M	CN¥216M	CN¥392M	CN¥148M	CN¥471M	CN¥1.34B	CN¥1.24B	CN¥33.8M	CN¥302M	CN¥28.6M
Non-current assets	CN¥8.77B	CN¥8.6B	CN¥8.94B	CN¥9.37B	CN¥8.52B	CN¥6.39B	CN¥5.19B	CN¥5.4B	CN¥5.79B	CN¥5.62B
Total assets	CN¥16.5B	CN¥16.7B	CN¥17.6B	CN¥19.2B	CN¥21.7B	CN¥17.9B	CN¥18.2B	CN¥21.7B	CN¥22.4B	CN¥25.1B
Liabilities
Accounts payable	CN¥3.18B	CN¥3.67B	CN¥4.75B	CN¥6.06B	CN¥8.13B	CN¥5.59B	CN¥6.93B	CN¥10.7B	CN¥11.2B	CN¥14.2B
Short-term debt	CN¥1.21B	CN¥1.59B	CN¥855M	CN¥1.45B	CN¥1.7B	CN¥1.6B	CN¥1.68B	CN¥1.44B	CN¥1.33B	CN¥1.58B
Taxes payable	CN¥237M	CN¥245M	CN¥252M	CN¥297M	CN¥318M	CN¥270M	CN¥180M	CN¥110M	CN¥128M	CN¥203M
Deferred revenue	CN¥310M	CN¥356M	CN¥451M	CN¥499M	CN¥885M	CN¥419M	CN¥692M	CN¥427M	CN¥1.05B	CN¥0
Other current liabilities	CN¥1.84B	CN¥685M	CN¥890M	CN¥187M	CN¥228M	CN¥66.7M	CN¥47.9M	CN¥81.6M	CN¥87.3M	CN¥717M
Current liabilities	CN¥7.45B	CN¥7.75B	CN¥8.24B	CN¥8.98B	CN¥11.6B	CN¥8.23B	CN¥9.8B	CN¥13B	CN¥14B	CN¥17B
Long-term debt	CN¥2.82B	CN¥2.13B	CN¥1.73B	CN¥451M	CN¥358M	CN¥0	CN¥736M	CN¥751M	CN¥484M	CN¥0
Lease obligations (non-current)	CN¥0	CN¥0	CN¥254M	CN¥368M	CN¥341M	CN¥30.1M	CN¥24.9M	CN¥176M	CN¥129M	CN¥111M
Deferred revenue (non-current)	CN¥2.82M	CN¥2.59M	CN¥2.02M	CN¥1.46M	CN¥3.89M	CN¥329K	CN¥450K	CN¥232K	CN¥227K	CN¥451K
Deferred tax liabilities	CN¥350M	CN¥330M	CN¥356M	CN¥444M	CN¥382M	CN¥269M	CN¥175M	CN¥173M	CN¥161M	CN¥153M
Other non-current liabilities	CN¥23.9M	CN¥173M	CN¥244M	CN¥141M	CN¥34.9M	CN¥0	CN¥17.5M	CN¥17.9M	CN¥0	CN¥0
Non-current liabilities	CN¥3.2B	CN¥2.64B	CN¥2.59B	CN¥1.41B	CN¥1.12B	CN¥299M	CN¥954M	CN¥1.12B	CN¥774M	CN¥265M
Total liabilities	CN¥10.7B	CN¥10.4B	CN¥10.8B	CN¥10.4B	CN¥12.7B	CN¥8.53B	CN¥10.8B	CN¥14.1B	CN¥14.8B	CN¥17.2B
Equity
Common stock & paid-in capital	CN¥2B	CN¥2.18B	CN¥2.18B	CN¥2.49B	CN¥2.49B	CN¥2.49B	CN¥2.49B	CN¥2.49B	CN¥2.53B	CN¥3.59B
Retained earnings	CN¥1.71B	CN¥1.8B	CN¥1.93B	CN¥2.43B	CN¥3.14B	CN¥3.56B	CN¥1.28B	CN¥1.39B	CN¥1.08B	CN¥1.29B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥422M
Shareholders' equity	CN¥5.42B	CN¥6.17B	CN¥6.62B	CN¥8.69B	CN¥8.98B	CN¥9.4B	CN¥7.42B	CN¥7.58B	CN¥7.59B	CN¥7.89B
Debt
Total debt (incl. leases)	CN¥4.04B	CN¥3.72B	CN¥2.84B	CN¥2.27B	CN¥2.39B	CN¥1.63B	CN¥2.44B	CN¥2.37B	CN¥1.94B	CN¥1.69B
Net debt (debt - cash)	CN¥3.02B	CN¥2.65B	CN¥1.36B	CN¥681M	-CN¥29.2M	-CN¥1.15B	-CN¥1.41B	-CN¥1.75B	-CN¥2.25B	-CN¥3.08B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02