MIXUE 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	8,405	4,335	5,622	2,764	2,676
Short-Term Investments	1,350	1,360	37.19	57.95	26.79
Trading Asset Securities	5,114	3,492	746.05	1,866	900.24
Cash & Short-Term Investments	14,869	9,187	6,405	4,688	3,603
Cash Growth	132.13%	43.43%	36.63%	30.11%	-
Accounts Receivable	34.75	25.62	28.47	15.41	2.03
Other Receivables	-	277.2	214.43	85.57	26.99
Receivables	34.75	302.83	242.91	100.98	29.02
Inventory	2,992	2,215	2,232	1,541	1,252
Restricted Cash	0.89	10.81	105.56	65.15	61.87
Other Current Assets	485.2	180.07	162.86	161.02	128.12
Total Current Assets	18,381	11,896	9,148	6,556	5,074
Property, Plant & Equipment	5,776	5,700	3,817	2,147	1,200
Long-Term Investments	2,853	1,974	313.48	14.22	11.4
Other Intangible Assets	41.77	41.96	25.62	20.59	9.03
Long-Term Deferred Tax Assets	106.72	76.01	111.89	41.6	23.61
Other Long-Term Assets	134.55	95.77	1,177	1,166	999.05
Total Assets	27,293	19,783	14,594	9,945	7,316
Accounts Payable	2,507	1,767	1,317	881.81	596.68
Accrued Expenses	-	1,083	882.1	444.11	339.23
Current Portion of Long-Term Debt	-	-	259.75	140.09	30.03
Current Portion of Leases	63.72	52	72.07	78.81	50.32
Current Income Taxes Payable	506.55	294.31	254.83	129.45	122.58
Current Unearned Revenue	535.39	359.64	259.27	198.31	305.82
Other Current Liabilities	2,077	960.95	689.51	466.08	261.53
Total Current Liabilities	5,691	4,517	3,734	2,339	1,706
Long-Term Leases	47.39	40.55	54.36	62.74	62.41
Long-Term Unearned Revenue	145.12	141.91	147.38	64.62	2.53
Long-Term Deferred Tax Liabilities	3.45	2.49	1.64	0.08	2.56
Other Long-Term Liabilities	24.95	20.71	60.41	-	-
Total Liabilities	5,911	4,723	3,998	2,466	1,774
Common Stock	379.62	360	360	360	360
Retained Earnings	14,664	11,971	7,535	4,498	2,605
Comprehensive Income & Other	6,206	2,624	2,612	2,597	2,572
Total Common Equity	21,250	14,956	10,507	7,454	5,537
Minority Interest	131.22	105.3	88.47	24.97	5.36
Shareholders' Equity	21,381	15,061	10,595	7,479	5,543
Total Liabilities & Equity	27,293	19,783	14,594	9,945	7,316
Total Debt	111.11	92.55	386.17	281.64	142.76
Net Cash (Debt)	14,757	9,094	6,019	4,406	3,460
Net Cash Growth	145.18%	51.10%	36.60%	27.34%	-
Net Cash Per Share	40.29	25.26	16.72	12.24	9.64
Filing Date Shares Outstanding	379.62	360	360	360	359.09
Total Common Shares Outstanding	379.62	360	360	360	359.09
Working Capital	12,691	7,379	5,414	4,217	3,368
Book Value Per Share	55.98	41.54	29.19	20.71	15.42
Tangible Book Value	21,208	14,914	10,481	7,434	5,528
Tangible Book Value Per Share	55.87	41.43	29.11	20.65	15.40
Buildings	-	3,210	1,853	565.13	563.56
Machinery	-	1,751	1,223	578.74	481.36
Construction In Progress	-	990.33	682.16	711.89	57.14
Leasehold Improvements	-	83.05	56.6	45.1	28.73

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.