Vipshop Holdings 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	24,568	26,352	25,415	21,939	16,297	11,995
Short-Term Investments	5,921	1,925	2,484	2,227	6,094	7,519
Cash & Short-Term Investments	30,489	28,277	27,899	24,165	22,391	19,514
Cash Growth	30.13%	1.35%	15.45%	7.92%	14.74%	96.11%
Accounts Receivable	1,079	724.13	620.32	403.16	233.9	335.61
Other Receivables	3,442	1,622	1,308	1,240	1,148	1,238
Receivables	4,534	3,323	2,421	2,130	2,007	1,985
Inventory	4,715	5,341	6,049	5,966	7,251	8,251
Prepaid Expenses	-	96.48	76.31	59.5	63.92	55.13
Restricted Cash	533.82	602.34	882.64	1,165	873.86	815.91
Other Current Assets	-	162.67	232.62	249.2	255.24	552.59
Total Current Assets	40,272	37,803	37,561	33,734	32,842	31,173
Property, Plant & Equipment	18,993	18,726	17,436	17,117	15,525	15,165
Long-Term Investments	6,447	5,358	5,072	4,823	4,960	4,811
Goodwill	755.21	755.21	755.21	755.21	589.17	593.66
Other Intangible Assets	10,804	11,014	10,465	7,975	6,933	6,396
Long-Term Accounts Receivable	-	-	-	-	0.04	48.44
Long-Term Deferred Tax Assets	769.85	681.03	685.02	681.77	760.02	628.27
Other Long-Term Assets	287.82	599.16	348.41	388.48	635.28	73.72
Total Assets	78,328	74,936	72,323	65,476	62,288	58,941
Accounts Payable	11,674	15,295	17,366	15,165	13,503	15,574
Accrued Expenses	9,172	4,076	4,555	4,276	4,622	4,893
Short-Term Debt	7,870	2,606	1,614	2,825	2,117	1,105
Current Portion of Leases	60.32	57.22	80.87	136.44	284.66	299.79
Current Income Taxes Payable	-	558.52	646.68	689.28	662.33	673.28
Current Unearned Revenue	484.7	476.8	457.59	400.21	2,278	1,893
Other Current Liabilities	1,793	6,858	5,905	5,034	2,304	2,130
Total Current Liabilities	31,053	29,927	30,624	28,526	25,771	26,569
Long-Term Leases	584.78	592	689.26	832.93	952.81	1,361
Long-Term Unearned Revenue	2,250	2,084	1,757	1,470	1,026	1,071
Long-Term Deferred Tax Liabilities	651.46	783.86	692.49	573.73	437.2	433
Other Long-Term Liabilities	-	-	-	-	272.04	121.25
Total Liabilities	34,539	33,387	33,763	31,402	28,459	29,555
Common Stock	40,413	0.08	0.07	0.09	0.09	0.09
Additional Paid-In Capital	-	4,913	4,445	13,092	12,228	10,816
Retained Earnings	-	42,906	36,837	28,720	22,421	17,740
Treasury Stock	-	-7,043	-3,625	-8,353	-1,928	-
Comprehensive Income & Other	-	-807.39	-695.59	-707.63	-88.6	-58.95
Total Common Equity	40,413	39,969	36,961	32,752	32,633	28,498
Minority Interest	3,376	1,580	1,598	1,321	1,195	888.06
Shareholders' Equity	43,789	41,549	38,560	34,073	33,828	29,386
Total Liabilities & Equity	78,328	74,936	72,323	65,476	62,288	58,941
Total Debt	8,515	3,255	2,384	3,795	3,354	2,765
Net Cash (Debt)	21,974	25,022	25,515	20,370	19,037	16,749
Net Cash Growth	26.54%	-1.93%	25.26%	7.00%	13.66%	137.12%
Net Cash Per Share	42.71	46.40	45.34	31.79	27.44	24.27
Filing Date Shares Outstanding	493	514.88	542.37	563.06	656.08	687.61
Total Common Shares Outstanding	493	515.86	542.3	585.91	678.97	678.67
Working Capital	9,219	7,876	6,936	5,208	7,071	4,604
Book Value Per Share	81.97	77.48	68.16	55.90	48.06	41.99
Tangible Book Value	28,854	28,199	25,741	24,022	25,111	21,508
Tangible Book Value Per Share	58.53	54.66	47.47	41.00	36.98	31.69
Buildings	-	20,497	17,786	15,877	13,490	11,382
Machinery	-	3,732	3,457	3,407	3,377	3,189
Construction In Progress	-	600.37	1,104	1,484	1,057	1,824
Leasehold Improvements	-	1,608	1,436	1,280	1,371	1,296

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