Li Ning Company Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	16,717	7,499	5,444	7,382	14,745
Short-Term Investments	1,093	8,264	3,494	643.32	400.86
Cash & Short-Term Investments	17,809	15,763	8,938	8,026	15,146
Cash Growth	12.98%	76.37%	11.36%	-47.01%	110.74%
Accounts Receivable	1,389	1,005	1,206	1,020	902.86
Other Receivables	235.57	784.04	591.94	602.26	606.04
Receivables	1,624	1,789	1,797	1,623	1,509
Inventory	2,694	2,598	2,493	2,428	1,773
Prepaid Expenses	-	74.97	95.27	105.72	109.22
Other Current Assets	822.45	303.46	329.46	212.99	135.18
Total Current Assets	22,950	20,528	13,653	12,395	18,672
Property, Plant & Equipment	6,315	6,187	6,308	5,257	2,959
Long-Term Investments	4,429	4,572	11,072	12,567	4,772
Goodwill	-	72.39	95.92	107.38	107.38
Other Intangible Assets	303.9	313.21	279.6	268.63	242.88
Long-Term Deferred Tax Assets	984.54	949.42	800.96	693.4	707.58
Other Long-Term Assets	2,732	3,086	1,998	2,358	2,814
Total Assets	37,714	35,708	34,208	33,647	30,275
Accounts Payable	1,902	1,625	1,790	1,584	1,599
Accrued Expenses	34.65	2,203	1,802	2,078	2,313
Current Portion of Leases	589.6	551.61	716.67	667.76	366.97
Current Income Taxes Payable	1,073	950.35	915.28	1,037	1,308
Current Unearned Revenue	369	368.52	552.54	252.09	345.84
Other Current Liabilities	4,093	1,887	1,492	1,622	1,771
Total Current Liabilities	8,061	7,586	7,268	7,241	7,704
Long-Term Leases	1,466	1,385	1,825	1,474	956.48
Long-Term Unearned Revenue	44.97	48.99	71.59	65.59	62.52
Long-Term Deferred Tax Liabilities	514.97	568.75	627.23	518.73	426.87
Other Long-Term Liabilities	-	16.5	8.58	15.53	21
Total Liabilities	10,087	9,605	9,801	9,315	9,171
Common Stock	235.85	235.85	239.55	240.32	238.76
Additional Paid-In Capital	9,004	9,011	10,173	11,581	12,637
Retained Earnings	16,261	16,123	14,081	11,848	7,785
Treasury Stock	-248.74	-290.9	-1,038	-180.84	-
Comprehensive Income & Other	2,375	1,024	951.77	840.89	441
Total Common Equity	27,627	26,104	24,407	24,329	21,102
Minority Interest	-	-	-	2.5	2.56
Shareholders' Equity	27,627	26,104	24,407	24,332	21,104
Total Liabilities & Equity	37,714	35,708	34,208	33,647	30,275
Total Debt	2,055	1,936	2,542	2,142	1,323
Net Cash (Debt)	15,754	13,827	6,396	5,884	13,822
Net Cash Growth	13.94%	116.19%	8.70%	-57.43%	125.21%
Net Cash Per Share	6.09	5.35	2.46	2.23	5.44
Filing Date Shares Outstanding	2,578	2,575	2,574	2,627	2,612
Total Common Shares Outstanding	2,578	2,575	2,574	2,627	2,612
Working Capital	14,889	12,942	6,385	5,154	10,968
Book Value Per Share	10.72	10.14	9.48	9.26	8.08
Tangible Book Value	27,324	25,718	24,031	23,953	20,751
Tangible Book Value Per Share	10.60	9.99	9.34	9.12	7.94
Buildings	-	3,301	1,893	763.15	831.54
Machinery	-	1,246	1,101	827.34	731.99
Construction In Progress	-	966.75	1,379	1,496	93.59
Leasehold Improvements	-	2,776	3,121	2,387	1,924

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.