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Financial Statements — MOGU
Balance Sheet
(in billions CNY)| Metric | Q4 2026 | Q4 2025 | Q4 2024 | Q4 2023 | Q4 2022 | Q4 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.13 | 0.08 | 0.36 | 0.42 | 0.44 | 0.08 |
| Short-term Investments | 0.02 | 0.30 | 0.06 | 0.02 | 0.20 | 0.26 |
| Accounts Receivable | 0.01 | 0.06 | 0.02 | -- | -- | -- |
| Inventory | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 0.34 | 0.49 | 0.51 | 0.09 | 0.11 | 0.15 |
| Property, Plant & Equipment | 0.27 | 0.28 | 0.30 | 0.03 | 0.01 | 0.01 |
| Goodwill | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.43 |
| Total Non-current Assets | 0.07 | 0.37 | 0.43 | 0.35 | 0.45 | 0.85 |
| Total Assets | 0.83 | 0.12 | 0.94 | 0.99 | 0.18 | 0.28 |
| Accounts Payable | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Short-term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Current Liabilities | 0.32 | 0.32 | 0.32 | 0.31 | 0.32 | 0.37 |
| Total Non-current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Total Liabilities | 0.32 | 0.32 | 0.32 | 0.05 | 0.05 | 0.38 |
| Retained Earnings | (8.92) | (8.92) | (8.86) | (8.80) | (1.36) | (1.22) |
| Total Stockholder Equity* | 0.51 | 0.51 | 0.08 | 0.09 | 0.12 | (0.10) |
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* Derived from reported values