H World 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	7,103	7,474	6,946	3,583	5,116	7,026
Short-Term Investments	6,053	3,603	2,189	1,788	2,589	3,903
Cash & Short-Term Investments	13,156	11,077	9,135	5,371	7,705	10,929
Cash Growth	64.82%	21.26%	70.08%	-30.29%	-29.50%	77.94%
Accounts Receivable	972	817	755	1,113	521	409
Other Receivables	281	297	210	178	149	14
Receivables	1,352	1,228	1,149	1,425	888	886
Inventory	61	60	59	70	88	89
Restricted Cash	163	50	764	1,503	25	64
Other Current Assets	789	800	949	809	847	914
Total Current Assets	15,521	13,215	12,056	9,178	9,553	12,882
Property, Plant & Equipment	33,026	32,946	33,926	37,801	39,233	37,703
Long-Term Investments	1,419	2,316	2,564	1,945	1,965	1,923
Goodwill	5,457	5,221	5,318	5,195	5,132	4,988
Other Intangible Assets	5,235	4,950	5,461	5,477	5,591	6,158
Long-Term Deferred Tax Assets	1,072	1,054	1,043	1,093	862	623
Other Long-Term Assets	1,680	2,660	3,001	694	835	743
Total Assets	63,552	62,552	63,532	61,507	63,269	65,155
Accounts Payable	915	983	1,019	1,171	968	1,241
Accrued Expenses	4,839	1,832	1,751	1,287	1,124	951
Short-Term Debt	5,964	38	329	3,035	692	851
Current Portion of Long-Term Debt	-	842	3,720	253	5,540	291
Current Portion of Leases	3,415	3,542	3,654	3,814	3,669	3,437
Current Income Taxes Payable	1,213	813	562	500	418	339
Current Unearned Revenue	1,868	2,154	1,901	1,474	1,501	1,383
Other Current Liabilities	85	3,117	4,475	1,612	1,367	2,036
Total Current Liabilities	18,299	13,321	17,411	13,146	15,279	10,529
Long-Term Debt	722	4,546	1,265	6,635	3,565	10,856
Long-Term Leases	27,060	26,477	26,912	30,150	30,696	29,545
Long-Term Unearned Revenue	1,572	1,351	1,072	828	785	662
Pension & Post-Retirement Benefits	120	111	124	110	144	179
Long-Term Deferred Tax Liabilities	950	919	845	858	853	1,181
Other Long-Term Liabilities	2,806	3,556	3,654	977	903	771
Total Liabilities	51,529	50,281	51,283	52,704	52,225	53,723
Additional Paid-In Capital	9,819	9,620	11,861	10,138	9,964	9,808
Retained Earnings	2,442	2,449	794	-1,200	1,037	1,502
Treasury Stock	-585	-274	-906	-441	-107	-107
Comprehensive Income & Other	204	382	386	232	41	127
Total Common Equity	11,880	12,177	12,135	8,729	10,935	11,330
Minority Interest	143	94	114	74	109	102
Shareholders' Equity	12,023	12,271	12,249	8,803	11,044	11,432
Total Liabilities & Equity	63,552	62,552	63,532	61,507	63,269	65,155
Total Debt	37,161	35,445	35,880	43,887	44,162	44,980
Net Cash (Debt)	-24,005	-24,368	-26,745	-38,516	-36,457	-34,051
Net Cash Per Share	-73.96	-74.33	-79.80	-123.80	-117.07	-116.32
Filing Date Shares Outstanding	307.71	306.94	313.79	318.69	321.82	321.8
Total Common Shares Outstanding	307.71	308.39	315.9	311.24	312.07	310.84
Working Capital	-2,778	-106	-5,355	-3,968	-5,726	2,353
Book Value Per Share	38.61	39.49	38.41	28.05	35.04	36.45
Tangible Book Value	1,188	2,006	1,356	-1,943	212	184
Tangible Book Value Per Share	3.86	6.50	4.29	-6.24	0.68	0.59
Buildings	-	791	791	843	305	247
Machinery	-	2,365	2,450	2,523	2,351	2,009
Construction In Progress	-	108	259	193	778	648
Leasehold Improvements	-	11,187	11,053	10,952	10,467	9,542

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