Wangsu Science & Technology Co., Ltd. (WANGSU) balance sheet

SHZ · Technology · Software - Infrastructure · 1,364 employees · CEO Ke Hong

Price: CN¥15.35 +6.23%
Market cap: CN¥38.3B
Enterprise value: CN¥37.3B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-16

At the end of Q3 '26 Wangsu Science & Technology Co., Ltd. (WANGSU) held CN¥7.6B in cash and short-term investments against CN¥822M of debt incl. leases. Total assets CN¥12.2B, total liabilities CN¥1.95B, shareholders' equity CN¥10.3B.

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¥1.83B	CN¥2.1B	CN¥1.66B	CN¥1.97B	CN¥2.04B	CN¥1.97B	CN¥1.36B	CN¥1.39B	CN¥1.89B	CN¥1.32B	CN¥1.69B	CN¥1.85B
Short-term investments	CN¥2.45B	CN¥2.92B	CN¥3.27B	CN¥3.87B	CN¥3.92B	CN¥4.27B	CN¥4.4B	CN¥4.4B	CN¥5.25B	CN¥6.03B	CN¥5.69B	CN¥5.75B
Receivables	CN¥1.11B	CN¥1.16B	CN¥1.26B	CN¥1.14B	CN¥1.16B	CN¥1.12B	CN¥1.22B	CN¥1.13B	CN¥1.18B	CN¥1.3B	CN¥1.28B	CN¥1.49B
Inventory	CN¥13.5M	CN¥13.2M	CN¥10.9M	CN¥20M	CN¥6.46M	CN¥5.01M	CN¥4.62M	CN¥3.05M	CN¥1.03M	CN¥1.57M	CN¥2.14M	CN¥785K
Other current assets	CN¥285M	CN¥298M	CN¥270M	CN¥750M	CN¥2.06B	CN¥2.84B	CN¥2.65B	CN¥2.3B	CN¥764M	CN¥305M	CN¥260K	CN¥17.7M
Current assets	CN¥5.73B	CN¥6.52B	CN¥6.48B	CN¥7.78B	CN¥9.23B	CN¥10.2B	CN¥9.66B	CN¥9.25B	CN¥9.12B	CN¥8.98B	CN¥8.7B	CN¥9.13B
Property, plant & equipment (net)	CN¥934M	CN¥894M	CN¥868M	CN¥826M	CN¥781M	CN¥752M	CN¥747M	CN¥762M	CN¥768M	CN¥776M	CN¥809M	CN¥824M
Long-term investments	CN¥4.12B	CN¥987M	CN¥3.66B	-CN¥3.14B	-CN¥3B	-CN¥3.36B	CN¥1.54B	CN¥1.96B	CN¥0	CN¥2.1B	CN¥2.1B	CN¥2.11B
Intangible assets	CN¥45M	CN¥39.9M	CN¥37.1M	CN¥34.7M	CN¥31.9M	CN¥30.6M	CN¥30.3M	CN¥29.2M	CN¥28M	CN¥26.7M	CN¥42.7M	CN¥46.4M
Deferred tax assets	CN¥42.1M	CN¥52.9M	CN¥49.8M	CN¥43.6M	CN¥31.2M	CN¥34M	CN¥33.2M	CN¥32.7M	CN¥21.4M	CN¥22.6M	CN¥78.6M	CN¥46.6M
Other non-current assets	CN¥105M	CN¥2.73B	CN¥98M	CN¥6.44B	CN¥5.02B	CN¥4.92B	CN¥83.9M	CN¥83.6M	CN¥1.99B	CN¥77.1M	CN¥76.1M	CN¥72M
Non-current assets	CN¥5.24B	CN¥4.7B	CN¥4.71B	CN¥4.2B	CN¥2.86B	CN¥2.38B	CN¥2.44B	CN¥2.86B	CN¥2.81B	CN¥3.01B	CN¥3.1B	CN¥3.1B
Total assets	CN¥11B	CN¥11.2B	CN¥11.2B	CN¥12B	CN¥12.1B	CN¥12.6B	CN¥12.1B	CN¥12.1B	CN¥11.9B	CN¥12B	CN¥11.8B	CN¥12.2B
Liabilities
Accounts payable	CN¥568M	CN¥721M	CN¥664M	CN¥832M	CN¥644M	CN¥650M	CN¥702M	CN¥741M	CN¥666M	CN¥768M	CN¥731M	CN¥797M
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥149M	CN¥0	CN¥57.5M	CN¥45.3M	CN¥106M
Short-term debt	CN¥80.1M	CN¥80.1M	CN¥560M	CN¥922M	CN¥790M	CN¥932M	CN¥1.07B	CN¥645M	CN¥379M	CN¥304M	CN¥357M	CN¥806M
Taxes payable	CN¥97.1M	CN¥101M	CN¥88.1M	CN¥92.6M	CN¥114M	CN¥125M	CN¥107M	CN¥0	CN¥135M	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥91.6M	CN¥90.7M	CN¥92M	CN¥103M	CN¥103M	CN¥138M	CN¥80.3M	CN¥87.7M	CN¥0	CN¥98.3M	CN¥96.6M	CN¥103M
Other current liabilities	CN¥27.6M	CN¥26.6M	CN¥25.9M	CN¥25.9M	CN¥24.2M	CN¥231M	CN¥31.4M	CN¥36.7M	CN¥120M	CN¥32.7M	CN¥82.1M	CN¥40.9M
Current liabilities	CN¥1.1B	CN¥1.16B	CN¥1.59B	CN¥2.14B	CN¥1.92B	CN¥2.22B	CN¥2.15B	CN¥1.8B	CN¥1.52B	CN¥1.4B	CN¥1.35B	CN¥1.93B
Lease obligations (non-current)	CN¥40.2M	CN¥36.8M	CN¥32.1M	CN¥27.1M	CN¥24.9M	CN¥22M	CN¥19.4M	CN¥16.6M	CN¥15.3M	CN¥15.6M	CN¥19.6M	CN¥15.4M
Deferred revenue (non-current)	CN¥18.2M	CN¥16.7M	CN¥17.6M	CN¥12.1M	CN¥10.7M	CN¥9.33M	CN¥9.96M	CN¥9.07M	CN¥8.93M	CN¥8.93M	CN¥0	CN¥6.65M
Deferred tax liabilities	CN¥2.9M	CN¥2.66M	CN¥2.47M	CN¥2.38M	CN¥2.08M	CN¥1.95M	CN¥1.97M	CN¥12.1M	CN¥1.57M	CN¥1.32M	CN¥32.1M	CN¥1.21M
Other non-current liabilities	CN¥17.9M	CN¥16.6M	CN¥15.4M	CN¥14.3M	CN¥13.4M	CN¥12.2M	CN¥11.2M	CN¥9.92M	CN¥9.41M	CN¥8.06M	CN¥6.84M	CN¥3.41M
Non-current liabilities	CN¥79.2M	CN¥72.8M	CN¥67.6M	CN¥55.8M	CN¥51.1M	CN¥45.6M	CN¥42.4M	CN¥47.7M	CN¥35.2M	CN¥33.9M	CN¥58.6M	CN¥26.7M
Total liabilities	CN¥1.18B	CN¥1.24B	CN¥1.66B	CN¥2.2B	CN¥1.97B	CN¥2.27B	CN¥2.19B	CN¥1.85B	CN¥1.55B	CN¥1.43B	CN¥1.41B	CN¥1.95B
Equity
Common stock & paid-in capital	CN¥2.44B	CN¥2.44B	CN¥2.44B	CN¥2.44B	CN¥2.44B	CN¥2.45B	CN¥2.45B	CN¥2.46B	CN¥2.46B	CN¥2.46B	CN¥2.5B	CN¥2.5B
Retained earnings	CN¥4.3B	CN¥4.44B	CN¥3.99B	CN¥4.12B	CN¥4.3B	CN¥4.49B	CN¥4.06B	CN¥4.29B	CN¥4.46B	CN¥4.58B	CN¥4.16B	CN¥4.19B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.39B	CN¥0	CN¥3.52B	CN¥839M	CN¥3.78B
Shareholders' equity	CN¥9.63B	CN¥9.82B	CN¥9.36B	CN¥9.6B	CN¥9.89B	CN¥10.1B	CN¥9.76B	CN¥10.1B	CN¥10.4B	CN¥10.6B	CN¥10.4B	CN¥10.3B
Debt
Total debt (incl. leases)	CN¥120M	CN¥117M	CN¥592M	CN¥949M	CN¥815M	CN¥954M	CN¥1.09B	CN¥661M	CN¥394M	CN¥320M	CN¥377M	CN¥822M
Net debt (debt - cash)	-CN¥1.71B	-CN¥1.98B	-CN¥1.06B	-CN¥1.02B	-CN¥1.22B	-CN¥1.02B	-CN¥265M	-CN¥727M	-CN¥1.5B	-CN¥1B	-CN¥1.32B	-CN¥1.03B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥3.22B	CN¥2.48B	CN¥2.32B	CN¥1.65B	CN¥1.17B	CN¥1.02B	CN¥2.47B	CN¥1.83B	CN¥2.04B	CN¥1.89B
Short-term investments	CN¥2.45B	CN¥735M	CN¥1.53B	CN¥2.42B	CN¥2.63B	CN¥3.65B	CN¥2.24B	CN¥2.45B	CN¥3.92B	CN¥5.25B
Receivables	CN¥1.07B	CN¥1.46B	CN¥1.99B	CN¥1.74B	CN¥45.4M	CN¥1.39B	CN¥1.24B	CN¥1.11B	CN¥1.16B	CN¥1.18B
Inventory	CN¥251M	CN¥22.2M	CN¥22.5M	CN¥10.3M	CN¥6.06M	CN¥12.2M	CN¥30.5M	CN¥13.5M	CN¥6.46M	CN¥1.03M
Other current assets	-CN¥16.9M	-CN¥179M	CN¥203M	CN¥166M	CN¥1.78B	CN¥1.29B	CN¥463M	CN¥285M	CN¥2.06B	CN¥764M
Current assets	CN¥7.01B	CN¥4.56B	CN¥6.1B	CN¥6.04B	CN¥5.67B	CN¥7.4B	CN¥6.47B	CN¥5.73B	CN¥9.23B	CN¥9.12B
Property, plant & equipment (net)	CN¥897M	CN¥2.35B	CN¥3.31B	CN¥1.85B	CN¥1.72B	CN¥1.49B	CN¥1.19B	CN¥934M	CN¥781M	CN¥768M
Long-term investments	CN¥56.3M	CN¥515M	CN¥520M	-CN¥1.88B	-CN¥2.09B	-CN¥3.08B	-CN¥1.7B	CN¥4.12B	-CN¥3B	CN¥0
Goodwill	CN¥5.96M	CN¥618M	CN¥616M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Intangible assets	CN¥182M	CN¥732M	CN¥775M	CN¥469M	CN¥323M	CN¥164M	CN¥80.5M	CN¥45M	CN¥31.9M	CN¥28M
Deferred tax assets	CN¥6.45M	CN¥74.8M	CN¥113M	CN¥63.9M	CN¥41.6M	CN¥57.2M	CN¥60.2M	CN¥42.1M	CN¥31.2M	CN¥21.4M
Other non-current assets	CN¥509M	CN¥1.41B	CN¥500M	CN¥3.79B	CN¥4.61B	CN¥4.54B	CN¥4.4B	CN¥105M	CN¥5.02B	CN¥1.99B
Non-current assets	CN¥1.66B	CN¥5.7B	CN¥5.84B	CN¥4.29B	CN¥4.61B	CN¥3.18B	CN¥4.03B	CN¥5.24B	CN¥2.86B	CN¥2.81B
Total assets	CN¥8.66B	CN¥10.3B	CN¥11.9B	CN¥10.3B	CN¥10.3B	CN¥10.6B	CN¥10.5B	CN¥11B	CN¥12.1B	CN¥11.9B
Liabilities
Accounts payable	CN¥476M	CN¥711M	CN¥964M	CN¥879M	CN¥708M	CN¥706M	CN¥748M	CN¥568M	CN¥644M	CN¥666M
Short-term debt	CN¥0	CN¥655M	CN¥1.1B	CN¥136M	CN¥145M	CN¥504M	CN¥145M	CN¥80.1M	CN¥790M	CN¥379M
Taxes payable	CN¥360M	CN¥151M	CN¥114M	CN¥52.1M	CN¥46.5M	CN¥61.5M	CN¥86.2M	CN¥97.1M	CN¥114M	CN¥135M
Deferred revenue	CN¥72.6M	CN¥89.2M	CN¥78.6M	CN¥81.1M	CN¥71.1M	CN¥91M	CN¥90.2M	CN¥91.6M	CN¥103M	CN¥0
Other current liabilities	CN¥0	CN¥0	CN¥1.59M	CN¥0	CN¥146M	CN¥28M	CN¥26.9M	CN¥27.6M	CN¥24.2M	CN¥120M
Current liabilities	CN¥1.04B	CN¥1.93B	CN¥2.59B	CN¥1.39B	CN¥1.42B	CN¥1.63B	CN¥1.35B	CN¥1.1B	CN¥1.92B	CN¥1.52B
Long-term debt	CN¥221M	CN¥221M	CN¥254M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥77.5M	CN¥62M	CN¥43.6M	CN¥40.2M	CN¥24.9M	CN¥15.3M
Deferred revenue (non-current)	CN¥44.7M	CN¥79.5M	CN¥98.2M	CN¥50.6M	CN¥53.2M	CN¥40.6M	CN¥34.1M	CN¥18.2M	CN¥10.7M	CN¥8.93M
Deferred tax liabilities	CN¥334K	CN¥59M	CN¥95M	CN¥38.4M	CN¥11M	CN¥4.66M	CN¥4.49M	CN¥2.9M	CN¥2.08M	CN¥1.57M
Other non-current liabilities	CN¥0	CN¥3.76M	CN¥221M	CN¥221M	CN¥3.07M	CN¥282K	CN¥654K	CN¥17.9M	CN¥13.4M	CN¥9.41M
Non-current liabilities	CN¥266M	CN¥363M	CN¥668M	CN¥310M	CN¥145M	CN¥108M	CN¥82.8M	CN¥79.2M	CN¥51.1M	CN¥35.2M
Total liabilities	CN¥1.31B	CN¥2.29B	CN¥3.26B	CN¥1.7B	CN¥1.57B	CN¥1.73B	CN¥1.43B	CN¥1.18B	CN¥1.97B	CN¥1.55B
Equity
Common stock & paid-in capital	CN¥802M	CN¥2.41B	CN¥2.43B	CN¥2.43B	CN¥2.45B	CN¥2.45B	CN¥2.44B	CN¥2.44B	CN¥2.44B	CN¥2.46B
Retained earnings	CN¥2.45B	CN¥2.99B	CN¥3.63B	CN¥3.52B	CN¥3.67B	CN¥3.81B	CN¥3.85B	CN¥4.3B	CN¥4.3B	CN¥4.46B
Shareholders' equity	CN¥7.32B	CN¥7.95B	CN¥8.67B	CN¥8.63B	CN¥8.71B	CN¥8.84B	CN¥9.02B	CN¥9.63B	CN¥9.89B	CN¥10.4B
Debt
Total debt (incl. leases)	CN¥221M	CN¥876M	CN¥1.35B	CN¥136M	CN¥223M	CN¥566M	CN¥188M	CN¥120M	CN¥815M	CN¥394M
Net debt (debt - cash)	-CN¥3B	-CN¥1.6B	-CN¥966M	-CN¥1.51B	-CN¥950M	-CN¥451M	-CN¥2.28B	-CN¥1.71B	-CN¥1.22B	-CN¥1.5B

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