Kuaishou Technology (KUAISHOU) balance sheet

HKSE · Communication Services · Internet Content & Information · 24,202 employees · CEO Yi Xiao Cheng

Price: HK$27.52 +3.77%
Market cap: HK$118B
Enterprise value: CN¥127B
Last report: Q2 '26 filed 2026-06-30
Next report: 2026-11-24

At the end of Q2 '26 Kuaishou Technology (KUAISHOU) held CN¥80.6B in cash and short-term investments against CN¥39B of debt incl. leases. Total assets CN¥200B, total liabilities CN¥117B, shareholders' equity CN¥82.2B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥11.3B	CN¥12.9B	CN¥11B	CN¥11.4B	CN¥12.5B	CN¥12.7B	CN¥11.6B	CN¥12.3B	CN¥13.1B	CN¥11.4B	CN¥11.6B	CN¥11.9B
Short-term investments	CN¥31.4B	CN¥11B	CN¥10.6B	CN¥41.6B	CN¥11.4B	CN¥38.8B	CN¥8.01B	CN¥44.8B	CN¥45.7B	CN¥51B	CN¥56.6B	CN¥68.7B
Receivables	CN¥5.69B	CN¥6.46B	CN¥6.01B	CN¥6.53B	CN¥6.22B	CN¥6.67B	CN¥6.35B	CN¥9.48B	CN¥6.85B	CN¥8.13B	CN¥7.57B	CN¥7.8B
Inventory	CN¥0	CN¥161M	-CN¥27.6B	CN¥138M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other current assets	CN¥4.52B	CN¥3.72B	CN¥31.3B	CN¥3.58B	CN¥4.68B	CN¥4.69B	CN¥5.34B	CN¥2.46B	CN¥6.92B	CN¥7.03B	CN¥7.43B	CN¥10.4B
Current assets	CN¥52.9B	CN¥60.4B	CN¥59B	CN¥64B	CN¥61.6B	CN¥62.9B	CN¥59.5B	CN¥70.5B	CN¥72.5B	CN¥77.6B	CN¥83.3B	CN¥98.8B
Property, plant & equipment (net)	CN¥22.2B	CN¥22.7B	CN¥21.4B	CN¥20.8B	CN¥23.1B	CN¥23.7B	CN¥24.2B	CN¥26.7B	CN¥30B	CN¥31.4B	CN¥39.3B	CN¥44.4B
Long-term investments	-CN¥15.8B	CN¥4.52B	CN¥17.4B	CN¥27.6B	CN¥38.9B	CN¥44.2B	CN¥49.3B	CN¥47.7B	CN¥51.2B	CN¥46.3B	CN¥52.9B	CN¥44B
Goodwill	CN¥0	CN¥845M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥845M	CN¥0	CN¥0
Intangible assets	CN¥1.1B	CN¥255M	CN¥1.01B	CN¥1.03B	CN¥1.06B	CN¥1.06B	CN¥1.05B	CN¥1.05B	CN¥1.01B	CN¥141M	CN¥979M	CN¥968M
Deferred tax assets	CN¥5.65B	CN¥6.11B	CN¥6.84B	CN¥5.85B	CN¥6.93B	CN¥7.03B	CN¥7.09B	CN¥6.52B	CN¥6.09B	CN¥5.59B	CN¥5.71B	CN¥6.53B
Other non-current assets	CN¥31.8B	CN¥11.5B	CN¥6.87B	CN¥6.44B	CN¥7.38B	CN¥8B	CN¥7.98B	CN¥3.05B	CN¥2.89B	CN¥2.67B	CN¥6.27B	CN¥4.95B
Non-current assets	CN¥45B	CN¥45.9B	CN¥46.7B	CN¥55.8B	CN¥70.5B	CN¥77B	CN¥82.5B	CN¥85B	CN¥91.2B	CN¥87B	CN¥105B	CN¥101B
Total assets	CN¥97.9B	CN¥106B	CN¥106B	CN¥120B	CN¥132B	CN¥140B	CN¥142B	CN¥156B	CN¥164B	CN¥165B	CN¥188B	CN¥200B
Liabilities
Accounts payable	CN¥20.3B	CN¥23.6B	CN¥23.2B	CN¥24.9B	CN¥26.1B	CN¥27.5B	CN¥26.5B	CN¥28.2B	CN¥27.3B	CN¥27.2B	CN¥27.8B	CN¥28.1B
Accrued expenses	CN¥0	CN¥5.23B	CN¥0	CN¥3.72B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥0	CN¥3.99B	CN¥0	CN¥6.77B	CN¥0	CN¥8B	CN¥1.08B	CN¥14.7B	CN¥6.02B	CN¥5.93B	CN¥6.9B	CN¥16.3B
Taxes payable	CN¥741M	CN¥1.79B	CN¥0	CN¥960M	CN¥0	CN¥0	CN¥0	CN¥1.35B	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥5.32B	CN¥4.85B	CN¥5.15B	CN¥4.84B
Other current liabilities	CN¥20.3B	CN¥12.6B	CN¥19.1B	CN¥6.33B	CN¥27.1B	CN¥20.7B	CN¥27.9B	CN¥15.2B	CN¥32.5B	CN¥29.2B	CN¥34B	CN¥44.2B
Current liabilities	CN¥43.8B	CN¥48.8B	CN¥45.7B	CN¥51.8B	CN¥57.1B	CN¥59.8B	CN¥59.1B	CN¥66.9B	CN¥71.8B	CN¥67.6B	CN¥74.4B	CN¥94B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥4.5B	CN¥9B	CN¥11.1B	CN¥11.1B	CN¥11.1B	CN¥11.1B	CN¥11.1B	CN¥24.7B	CN¥14.8B
Lease obligations (non-current)	CN¥8.18B	CN¥8.41B	CN¥7.7B	CN¥6.99B	CN¥7.59B	CN¥6.77B	CN¥6.05B	CN¥6.7B	CN¥6.05B	CN¥5.98B	CN¥6.62B	CN¥7.92B
Deferred tax liabilities	CN¥19M	CN¥18M	CN¥18.4M	CN¥16M	CN¥16.6M	CN¥13.8M	CN¥12.9M	CN¥54M	CN¥64M	CN¥241M	CN¥303M	CN¥169M
Other non-current liabilities	CN¥9M	CN¥21M	CN¥39M	CN¥37M	CN¥34M	CN¥156M	CN¥154M	CN¥89M	CN¥105M	CN¥69M	CN¥404M	CN¥635M
Non-current liabilities	CN¥8.21B	CN¥8.44B	CN¥7.74B	CN¥11.5B	CN¥16.6B	CN¥18B	CN¥17.3B	CN¥17.9B	CN¥17.3B	CN¥17.4B	CN¥32B	CN¥23.5B
Total liabilities	CN¥52.1B	CN¥57.2B	CN¥53.4B	CN¥63.4B	CN¥73.7B	CN¥77.8B	CN¥76.4B	CN¥84.8B	CN¥89.1B	CN¥85B	CN¥106B	CN¥117B
Equity
Retained earnings	-CN¥261B	-CN¥257B	-CN¥253B	-CN¥249B	-CN¥246B	-CN¥242B	-CN¥238B	-CN¥233B	-CN¥229B	-CN¥224B	-CN¥221B	-CN¥218B
Accumulated other comprehensive income	CN¥32.8B	CN¥36.5B	CN¥33.5B	CN¥34.3B	CN¥34.7B	CN¥35.8B	CN¥36.4B	CN¥37B	CN¥37.6B	CN¥38.8B	CN¥38.7B	CN¥39.1B
Shareholders' equity	CN¥45.9B	CN¥49.1B	CN¥52.3B	CN¥56.4B	CN¥58.3B	CN¥62B	CN¥65.6B	CN¥70.7B	CN¥74.6B	CN¥79.6B	CN¥81.9B	CN¥82.2B
Debt
Total debt (incl. leases)	CN¥11.4B	CN¥15.7B	CN¥11.1B	CN¥21.6B	CN¥20.5B	CN¥29.5B	CN¥21.9B	CN¥36.5B	CN¥23.2B	CN¥23B	CN¥38.2B	CN¥39B
Net debt (debt - cash)	CN¥169M	CN¥2.82B	-CN¥3.31B	CN¥10.2B	CN¥8.02B	CN¥8.84B	CN¥10.3B	CN¥24.2B	CN¥10B	CN¥11.6B	CN¥26.6B	CN¥27.1B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥2.69B	CN¥5.37B	CN¥4B	CN¥20.4B	CN¥32.6B	CN¥13.3B	CN¥12.9B	CN¥12.7B	CN¥11.4B
Short-term investments	CN¥2.47B	CN¥4.27B	CN¥10.2B	CN¥6.42B	CN¥12.7B	CN¥22.1B	CN¥11B	CN¥38.8B	CN¥51B
Receivables	CN¥137M	CN¥129M	CN¥1.11B	CN¥2.43B	CN¥4.45B	CN¥6.29B	CN¥6.46B	CN¥6.67B	CN¥8.13B
Inventory	-CN¥2.47B	-CN¥4.27B	-CN¥8.9B	CN¥0	-CN¥8.84B	-CN¥13.1B	CN¥161M	CN¥0	CN¥0
Other current assets	CN¥307M	CN¥635M	CN¥9.57B	CN¥1.72B	CN¥8.84B	CN¥13.1B	CN¥4.18B	CN¥3.42B	CN¥7.03B
Current assets	CN¥5.64B	CN¥10.8B	CN¥17.3B	CN¥31.5B	CN¥53B	CN¥45.9B	CN¥60.4B	CN¥62.9B	CN¥77.6B
Property, plant & equipment (net)	CN¥1.92B	CN¥3.69B	CN¥10.6B	CN¥12.4B	CN¥23.6B	CN¥24B	CN¥22.7B	CN¥23.7B	CN¥31.4B
Long-term investments	-CN¥2.42B	-CN¥3.6B	-CN¥7.8B	-CN¥2.08B	-CN¥3.96B	-CN¥9.7B	CN¥4.52B	CN¥44.2B	CN¥46.3B
Goodwill	CN¥0	CN¥816M	CN¥837M	CN¥837M	CN¥845M	CN¥845M	CN¥845M	CN¥845M	CN¥845M
Intangible assets	CN¥34.9M	CN¥230M	CN¥283M	CN¥411M	CN¥355M	CN¥306M	CN¥228M	CN¥241M	CN¥141M
Deferred tax assets	CN¥7.81M	CN¥162M	CN¥860M	CN¥2.31B	CN¥5.41B	CN¥5.1B	CN¥6.11B	CN¥6.6B	CN¥5.59B
Other non-current assets	CN¥2.51B	CN¥4.39B	CN¥10.3B	CN¥6.73B	CN¥13.3B	CN¥22.9B	CN¥11.5B	CN¥8B	CN¥2.67B
Non-current assets	CN¥2.05B	CN¥5.7B	CN¥15.1B	CN¥20.6B	CN¥39.5B	CN¥43.4B	CN¥45.9B	CN¥77B	CN¥87B
Total assets	CN¥7.69B	CN¥16.5B	CN¥32.4B	CN¥52.1B	CN¥92.5B	CN¥89.3B	CN¥106B	CN¥140B	CN¥165B
Liabilities
Accounts payable	CN¥1.8B	CN¥2.03B	CN¥9.06B	CN¥11.5B	CN¥20B	CN¥22.9B	CN¥23.6B	CN¥27.5B	CN¥27.2B
Accrued expenses	CN¥261M	CN¥797M	CN¥1.63B	CN¥2.37B	CN¥3.74B	CN¥4.23B	CN¥5.23B	CN¥0	CN¥5.55B
Short-term debt	-CN¥550M	-CN¥455M	-CN¥4.49B	-CN¥7.9B	-CN¥10.5B	CN¥738M	CN¥3.99B	CN¥8B	CN¥13.9B
Taxes payable	CN¥202M	CN¥455M	CN¥984M	CN¥938M	CN¥1.83B	CN¥1.81B	CN¥1.79B	CN¥0	CN¥0
Deferred revenue	CN¥550M	CN¥455M	CN¥4.49B	CN¥7.9B	CN¥10.5B	CN¥0	CN¥0	CN¥0	CN¥4.85B
Other current liabilities	-CN¥258M	CN¥267M	CN¥3.36B	CN¥7.17B	CN¥9.96B	CN¥9.4B	CN¥12.6B	CN¥14.2B	CN¥11.7B
Current liabilities	CN¥2.53B	CN¥4.04B	CN¥15.4B	CN¥23.2B	CN¥37.3B	CN¥40.7B	CN¥48.8B	CN¥59.8B	CN¥67.6B
Long-term debt	CN¥0	CN¥0	CN¥69.4B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥11.1B	CN¥11.1B
Lease obligations (non-current)	CN¥696M	CN¥892M	CN¥3.29B	CN¥3.61B	CN¥10.1B	CN¥8.72B	CN¥8.41B	CN¥6.77B	CN¥5.98B
Deferred tax liabilities	CN¥0	CN¥37.9M	CN¥37.5M	CN¥31.6M	CN¥28.5M	CN¥23.3M	CN¥18M	CN¥13M	CN¥241M
Other non-current liabilities	CN¥26.7B	CN¥47.2B	CN¥37.5M	CN¥185B	CN¥55.6M	CN¥16M	CN¥21M	CN¥156M	CN¥69M
Non-current liabilities	CN¥27.3B	CN¥48.1B	CN¥72.8B	CN¥189B	CN¥10.2B	CN¥8.76B	CN¥8.44B	CN¥18B	CN¥17.4B
Total liabilities	CN¥29.9B	CN¥52.2B	CN¥88.1B	CN¥212B	CN¥47.4B	CN¥49.5B	CN¥57.2B	CN¥77.8B	CN¥85B
Equity
Common stock & paid-in capital	CN¥30K	CN¥30K	CN¥30K	CN¥30K	CN¥142K	CN¥145K	CN¥0	CN¥0	CN¥0
Retained earnings	-CN¥23.2B	-CN¥35.7B	-CN¥55.4B	-CN¥172B	-CN¥250B	-CN¥264B	-CN¥257B	-CN¥242B	-CN¥224B
Accumulated other comprehensive income	CN¥957M	-CN¥133M	-CN¥506M	CN¥11.8B	CN¥20.6B	CN¥29B	CN¥32.9B	CN¥35.8B	CN¥38.8B
Shareholders' equity	-CN¥22.2B	-CN¥35.7B	-CN¥55.7B	-CN¥160B	CN¥45.1B	CN¥39.8B	CN¥49.1B	CN¥62B	CN¥79.6B
Debt
Total debt (incl. leases)	CN¥871M	CN¥1.39B	CN¥4.63B	CN¥5.71B	CN¥13.6B	CN¥12.9B	CN¥15.7B	CN¥29.5B	CN¥35B
Net debt (debt - cash)	-CN¥1.82B	-CN¥3.98B	CN¥629M	-CN¥14.7B	-CN¥19B	-CN¥340M	CN¥2.82B	CN¥16.8B	CN¥23.5B

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 · Amounts in CNY as reported; price and market cap in HKD.