MIXUE Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	6,028	7,429	4,335	5,622	2,764	2,676
Short-Term Investments	-	971.71	1,360	37.19	57.95	26.79
Trading Asset Securities	8,096	8,935	3,492	746.05	1,866	900.24
Cash & Short-Term Investments	14,124	17,336	9,187	6,405	4,688	3,603
Cash Growth	-5.01%	88.70%	43.43%	36.63%	30.11%	-
Accounts Receivable	60.92	30.2	25.62	28.47	15.41	2.03
Other Receivables	-	234.69	277.2	214.43	85.57	26.99
Receivables	60.92	264.88	302.83	242.91	100.98	29.02
Inventory	3,828	3,673	2,215	2,232	1,541	1,252
Restricted Cash	5,810	37.32	10.81	105.56	65.15	61.87
Other Current Assets	613.38	228.79	180.07	162.86	161.02	128.12
Total Current Assets	24,437	21,540	11,896	9,148	6,556	5,074
Property, Plant & Equipment	6,033	5,903	5,700	3,817	2,147	1,200
Long-Term Investments	1,834	2,787	1,974	313.48	14.22	11.4
Goodwill	91.85	91.85	-	-	-	-
Other Intangible Assets	168.75	172.56	41.96	25.62	20.59	9.03
Long-Term Deferred Tax Assets	113.95	117.8	76.01	111.89	41.6	23.61
Other Long-Term Assets	196.55	181.79	95.77	1,177	1,166	999.05
Total Assets	32,875	30,794	19,783	14,594	9,945	7,316

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	1,860	2,213	1,767	1,317	881.81	596.68
Accrued Expenses	-	1,323	1,083	882.1	444.11	339.23
Current Portion of Long-Term Debt	-	28.17	-	259.75	140.09	30.03
Current Portion of Leases	94.08	74.73	52	72.07	78.81	50.32
Current Income Taxes Payable	353.63	335.98	294.31	254.83	129.45	122.58
Current Unearned Revenue	594.03	473.06	359.64	259.27	198.31	305.82
Other Current Liabilities	2,449	1,174	960.95	689.51	466.08	261.53
Total Current Liabilities	5,350	5,621	4,517	3,734	2,339	1,706
Long-Term Leases	133.67	84.37	40.55	54.36	62.74	62.41
Long-Term Unearned Revenue	230.94	244.94	141.91	147.38	64.62	2.53
Long-Term Deferred Tax Liabilities	57.18	44.12	2.49	1.64	0.08	2.56
Other Long-Term Liabilities	39.16	30.33	20.71	60.41	-	-
Total Liabilities	5,811	6,025	4,723	3,998	2,466	1,774

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	379.62	379.62	360	360	360	360
Retained Earnings	-	17,858	11,971	7,535	4,498	2,605
Comprehensive Income & Other	26,351	6,211	2,624	2,612	2,597	2,572
Total Common Equity	26,731	24,449	14,956	10,507	7,454	5,537
Minority Interest	332.34	319.72	105.3	88.47	24.97	5.36
Shareholders' Equity	27,063	24,769	15,061	10,595	7,479	5,543
Total Liabilities & Equity	32,875	30,794	19,783	14,594	9,945	7,316

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	227.75	187.26	92.55	386.17	281.64	142.76
Net Cash (Debt)	13,896	17,149	9,094	6,019	4,406	3,460
Net Cash Growth	-5.84%	88.56%	51.10%	36.60%	27.34%	-
Net Cash Per Share	36.60	45.60	25.26	16.72	12.24	9.64
Filing Date Shares Outstanding	379.62	379.62	360	360	360	359.09
Total Common Shares Outstanding	379.62	379.62	360	360	360	359.09
Working Capital	19,086	15,919	7,379	5,414	4,217	3,368
Book Value Per Share	70.42	64.40	41.54	29.19	20.71	15.42
Tangible Book Value	26,470	24,185	14,914	10,481	7,434	5,528
Tangible Book Value Per Share	69.73	63.71	41.43	29.11	20.65	15.40
Buildings	-	3,936	3,210	1,853	565.13	563.56
Machinery	-	2,143	1,751	1,223	578.74	481.36
Construction In Progress	-	413.78	990.33	682.16	711.89	57.14
Leasehold Improvements	-	50.3	83.05	56.6	45.1	28.73