Li Ning Company Limited (HKG:2331)

Li Ning Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	11,798	7,499	5,444	7,382	14,745	7,187
Short-Term Investments	5,254	8,264	3,494	643.32	400.86	-
Cash & Short-Term Investments	17,052	15,763	8,938	8,026	15,146	7,187
Cash Growth	34.10%	76.37%	11.36%	-47.01%	110.74%	20.56%
Accounts Receivable	1,352	1,005	1,206	1,020	902.86	658.8
Other Receivables	245.57	784.04	591.94	602.26	606.04	65.2
Receivables	1,598	1,789	1,797	1,623	1,509	723.99
Inventory	2,428	2,598	2,493	2,428	1,773	1,346
Prepaid Expenses	-	74.97	95.27	105.72	109.22	-
Other Current Assets	1,064	303.46	329.46	212.99	135.18	519.99
Total Current Assets	22,143	20,528	13,653	12,395	18,672	9,777
Property, Plant & Equipment	6,007	6,187	6,308	5,257	2,959	2,131
Long-Term Investments	4,463	4,572	11,072	12,567	4,772	1,356
Goodwill	-	72.39	95.92	107.38	107.38	103.08
Other Intangible Assets	305.03	313.21	279.6	268.63	242.88	254.04
Long-Term Deferred Tax Assets	963.83	949.42	800.96	693.4	707.58	590.64
Other Long-Term Assets	2,898	3,086	1,998	2,358	2,814	382.43
Total Assets	36,780	35,708	34,208	33,647	30,275	14,594
Accounts Payable	1,872	1,625	1,790	1,584	1,599	1,227
Accrued Expenses	59.97	2,203	1,802	2,078	2,313	1,385
Current Portion of Leases	490.19	551.61	716.67	667.76	366.97	360.9
Current Income Taxes Payable	760.21	950.35	915.28	1,037	1,308	591.86
Current Unearned Revenue	189.17	368.52	552.54	252.09	345.84	286.13
Other Current Liabilities	4,320	1,887	1,492	1,622	1,771	1,164
Total Current Liabilities	7,691	7,586	7,268	7,241	7,704	5,015
Long-Term Leases	1,287	1,385	1,825	1,474	956.48	688.64
Long-Term Unearned Revenue	45.83	48.99	71.59	65.59	62.52	64.44
Long-Term Deferred Tax Liabilities	579.36	568.75	627.23	518.73	426.87	102.74
Other Long-Term Liabilities	8.25	16.5	8.58	15.53	21	33.58
Total Liabilities	9,612	9,605	9,801	9,315	9,171	5,904
Common Stock	235.85	235.85	239.55	240.32	238.76	228.29
Additional Paid-In Capital	9,017	9,011	10,173	11,581	12,637	4,038
Retained Earnings	16,097	16,123	14,081	11,848	7,785	4,289
Treasury Stock	-277.31	-290.9	-1,038	-180.84	-	-
Comprehensive Income & Other	2,096	1,024	951.77	840.89	441	131.98
Total Common Equity	27,169	26,104	24,407	24,329	21,102	8,687
Minority Interest	-	-	-	2.5	2.56	2.55
Shareholders' Equity	27,169	26,104	24,407	24,332	21,104	8,689
Total Liabilities & Equity	36,780	35,708	34,208	33,647	30,275	14,594
Total Debt	1,777	1,936	2,542	2,142	1,323	1,050
Net Cash (Debt)	15,275	13,827	6,396	5,884	13,822	6,138
Net Cash Growth	44.84%	116.19%	8.70%	-57.43%	125.21%	21.12%
Net Cash Per Share	5.91	5.35	2.46	2.23	5.44	2.44
Filing Date Shares Outstanding	2,577	2,575	2,574	2,627	2,612	2,474
Total Common Shares Outstanding	2,577	2,575	2,574	2,627	2,612	2,474
Working Capital	14,452	12,942	6,385	5,154	10,968	4,761
Book Value Per Share	10.54	10.14	9.48	9.26	8.08	3.51
Tangible Book Value	26,864	25,718	24,031	23,953	20,751	8,330
Tangible Book Value Per Share	10.43	9.99	9.34	9.12	7.94	3.37
Buildings	-	3,301	1,893	763.15	831.54	524.51
Machinery	-	1,246	1,101	827.34	731.99	613.01
Construction In Progress	-	966.75	1,379	1,496	93.59	43.18
Leasehold Improvements	-	2,776	3,121	2,387	1,924	1,492

Updated Sep 4, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.