Midea Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	89,819	140,410	81,674	55,270	71,876	81,210
Short-Term Investments	-	27,177	58,522	44,624	43,057	25,543
Trading Asset Securities	3,292	9,742	2,183	3,285	5,879	28,240
Cash & Short-Term Investments	93,111	177,329	142,379	103,179	120,812	134,993
Cash Growth	-44.54%	24.55%	37.99%	-14.60%	-10.51%	2.23%
Accounts Receivable	71,054	46,382	43,131	38,049	33,736	31,520
Other Receivables	2,543	19,724	15,512	15,738	13,378	16,876
Receivables	85,271	77,153	72,940	67,925	67,770	64,865
Inventory	52,045	67,026	50,655	50,412	50,277	33,840
Other Current Assets	137,164	67,555	15,346	39,583	10,005	7,958
Total Current Assets	367,591	389,064	281,321	261,099	248,865	241,655
Property, Plant & Equipment	49,087	41,665	38,668	32,267	27,841	23,717
Long-Term Investments	9,172	107,822	98,224	68,982	53,135	37,893
Goodwill	34,366	29,581	30,858	28,549	27,875	29,557
Other Intangible Assets	21,656	17,009	18,458	16,909	17,173	15,422
Long-Term Accounts Receivable	104.44	118.87	250.52	614.6	871.36	981.62
Long-Term Deferred Tax Assets	14,798	14,074	12,771	10,244	8,192	7,209
Long-Term Deferred Charges	2,050	1,864	1,736	1,580	-	1,301
Other Long-Term Assets	93,319	2,845	2,776	1,617	3,142	1,533
Total Assets	593,313	604,352	486,038	422,555	387,946	360,383
Accounts Payable	131,882	118,774	94,238	89,806	98,736	82,180
Accrued Expenses	7,618	67,096	59,366	49,336	41,275	40,784
Short-Term Debt	35,320	31,009	8,819	5,169	5,561	12,975
Current Portion of Long-Term Debt	1,674	38,541	13,291	6,248	28,087	6,285
Current Portion of Leases	-	1,122	1,167	992.14	860.5	-
Current Income Taxes Payable	7,195	3,798	3,477	2,814	2,972	3,121
Current Unearned Revenue	36,512	49,255	41,765	27,960	23,917	18,401
Other Current Liabilities	109,771	42,226	29,122	24,016	21,444	20,404
Total Current Liabilities	329,972	351,820	251,246	206,342	222,851	184,151
Long-Term Debt	15,758	13,759	49,357	53,850	19,734	42,827
Long-Term Leases	1,967	1,825	2,047	1,507	1,534	-
Long-Term Unearned Revenue	2,289	2,196	1,735	1,721	1,228	779.73
Pension & Post-Retirement Benefits	1,646	1,360	1,434	1,488	1,825	2,015
Long-Term Deferred Tax Liabilities	6,093	4,897	5,098	4,648	4,950	5,224
Other Long-Term Liabilities	1,481	827.35	821.7	1,075	998.26	1,149
Total Liabilities	359,205	376,684	311,739	270,631	253,121	236,146
Common Stock	7,683	7,656	7,026	6,997	6,987	7,030
Additional Paid-In Capital	51,505	49,920	21,243	19,693	20,517	22,488
Retained Earnings	172,769	165,402	147,630	131,054	113,153	95,629
Treasury Stock	-10,996	-5,728	-12,872	-14,934	-14,045	-6,094
Comprehensive Income & Other	-400.86	-499.66	-148.16	124.64	-1,743	-1,536
Total Common Equity	220,559	216,750	162,879	142,935	124,868	117,516
Minority Interest	13,548	10,917	11,421	8,989	9,957	6,721
Shareholders' Equity	234,108	227,667	174,300	151,924	134,825	124,237
Total Liabilities & Equity	593,313	604,352	486,038	422,555	387,946	360,383
Total Debt	54,718	86,255	74,681	67,767	55,776	62,087
Net Cash (Debt)	38,393	91,074	67,699	35,411	65,036	72,906
Net Cash Growth	-54.95%	34.53%	91.18%	-45.55%	-10.79%	-13.01%
Net Cash Per Share	5.03	12.80	9.88	5.19	9.42	10.46
Filing Date Shares Outstanding	7,586	7,632	6,907	6,875	6,869	6,916
Total Common Shares Outstanding	7,586	7,632	6,907	6,851	6,830	6,988
Working Capital	37,620	37,244	30,075	54,758	26,013	57,505
Book Value Per Share	29.08	28.40	23.58	20.86	18.28	16.82
Tangible Book Value	164,537	170,160	113,563	97,478	79,820	72,537
Tangible Book Value Per Share	21.69	22.30	16.44	14.23	11.69	10.38
Land	-	1,444	1,382	1,330	1,325	1,389
Buildings	-	28,121	26,412	22,040	20,102	19,005
Machinery	-	36,803	34,293	31,442	28,399	26,632
Construction In Progress	-	5,364	4,681	3,844	2,691	1,477

Source: S&P Global Market Intelligence. Standard template. Financial Sources.