Nano Labs (NA) Balance Sheet: Assets & Liabilities

Nano Labs (NA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Nano Labs reported total assets of CNY 1.12B and total liabilities of CNY 378.61M. Shareholders' equity was CNY 740.90M, up 221.0% from CNY 230.79M a year earlier. Total debt stood at CNY 225.85M against CNY 36.96M in cash and short-term investments, a net debt position of CNY 188.89M. That puts debt-to-equity at 0.30, compared with 0.84 a year earlier.

Nano Labs Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Nano Labs Ltd (NA) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Current Assets
Cash and Cash Equivalents	0.01	0.03	0.05	0.09	0.23	0.04	0.01
Short-Term Investments	0.03	0.24	0.00	0.00	0.03	0.00	0.00
Cash & Short-Term Investments	0.04	0.28	0.05	0.09	0.27	0.04	0.01
Accounts Receivable	0.00	0.00	0.00	0.02	0.03	0.00	0.00
Inventory	0.01	0.03	0.01	0.10	0.21	0.01	0.00
Other Current Assets	0.36	0.00	0.00	0.10	0.00	0.01	0.01
Total Current Assets	0.43	0.34	0.13	0.29	0.89	0.06	0.02
Non-Current Assets
Property, Plant & Equipment (Net)	0.19	0.20	0.18	0.03	0.02	0.00	0.00
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	-48.67	0.00	0.00	0.00
Intangible Assets	0.05	0.05	0.05	0.05	0.00	0.00	0.00
Other Non-Current Assets	0.46	0.03	0.00	0.00	0.00	0.00	0.00
Total Non-Current Assets	0.69	0.28	0.22	0.08	0.02	0.00	0.00
Total Assets	1.12	0.62	0.35	0.37	0.91	0.06	0.02
Current Liabilities
Accounts Payable	0.02	0.02	0.02	0.02	0.00	0.01	0.00
Short-Term Debt	0.05	0.02	0.02	0.00	0.01	0.01	0.01
Current Portion of Long-Term Debt	0.01	0.01	0.00	0.00	-	-	-
Accrued Liabilities	0.00	0.00	0.01	0.01	0.01	-	-
Deferred Revenue	0.07	0.10	0.11	0.12	0.92	0.07	0.00
Other Current Liabilities	0.05	0.02	0.02	0.04	0.01	0.03	0.03
Total Current Liabilities	0.21	0.21	0.24	0.18	0.93	0.11	0.03
Non-Current Liabilities
Long-Term Debt	0.17	0.17	0.12	0.02	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.17	0.17	0.12	0.02	0.00	0.00	0.00
Total Liabilities	0.38	0.38	0.37	0.20	0.93	0.11	0.03
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.42	-0.57	-0.45	-0.19	-0.22	-0.05	-0.01
Accumulated Other Comprehensive Income	-0.01	0.02	0.01	0.00	0.00	0.00	0.00
Treasury Stock	0.00	-	-	-	-	-	-
Additional Paid-in Capital	1.18	0.78	0.43	0.35	0.20	0.00	0.00
Minority Interest	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	0.02	0.02	0.04	0.03	0.03	-	-
Total Stockholders' Equity	0.74	0.23	-0.01	0.16	-0.02	-0.05	-0.01
Total Liabilities & Equity	1.12	0.62	0.35	0.37	0.91	0.06	0.02

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nano Labs Balance Sheet

How much debt does Nano Labs have?

Nano Labs had total debt of CNY 225.85M as of Dec 31, 2025, against CNY 36.96M in cash and short-term investments. Its debt-to-equity ratio was 0.30. Total debt was CNY 194.03M a year earlier.

What are Nano Labs's total assets?

Nano Labs reported total assets of CNY 1.12B as of Dec 31, 2025, up 81.8% from CNY 615.93M a year earlier. Total liabilities were CNY 378.61M.

What is Nano Labs's shareholders' equity?

Nano Labs's shareholders' equity was CNY 740.90M as of Dec 31, 2025, or about CNY 32.15 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition