KE Holdings 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	15,966	20,301	25,857	25,594	26,732	49,537
Short-Term Investments	39,765	41,318	34,258	35,486	29,403	15,688
Cash & Short-Term Investments	55,732	61,619	60,115	61,080	56,135	65,226
Cash Growth	-6.29%	2.50%	-1.58%	8.81%	-13.94%	94.45%
Accounts Receivable	3,778	5,498	3,176	4,163	9,325	13,184
Other Receivables	1,458	3,234	1,795	1,124	1,337	4,452
Total Trade Receivables	5,235	8,732	4,971	5,287	10,662	17,636
Other Current Assets	7,459	6,253	4,667	4,058	3,130	4,677
Total Current Assets	68,426	76,603	69,754	70,425	69,926	87,539
Net Property, Plant & Equipment	24,122	25,767	19,583	13,321	9,216	8,294
Other Intangible Assets	755.56	857.64	1,067	1,687	1,141	1,643
Goodwill	4,665	4,777	4,857	4,934	1,806	2,467
Long-Term Investments	19,665	23,790	23,571	17,926	17,038	3,140
Other Long-Term Assets	1,663	1,354	1,500	1,055	1,191	1,212
Total Assets	119,296	133,149	120,332	109,347	100,319	104,296
Accounts Payable	6,496	9,884	6,759	6,269	6,593	6,849
Accrued Expenses	13,547	15,683	13,842	13,484	13,285	14,182
Short-Term Debt	657.41	288.28	290.45	619	454.2	1,513
Current Portion of Leases	12,019	13,730	9,369	4,972	2,753	2,626
Unearned Revenue	5,485	6,052	4,665	3,260	1,102	734.16
Other Current Liabilities	4,410	7,107	4,599	4,737	4,749	7,730
Total Current Liabilities	42,615	52,744	39,524	33,341	28,936	33,633
Long-Term Debt	137.93	-	-	-	-	15
Long-Term Leases	8,283	8,637	8,327	6,600	4,303	3,834
Other Long-Term Liabilities	319.97	320.26	279.73	351.66	24.3	20.76
Total Long-Term Liabilities	8,741	8,957	8,607	6,952	4,327	3,870
Total Liabilities	51,356	61,701	48,131	40,293	33,263	37,503
Common Stock	0.45	0.46	0.48	0.49	0.49	0.48
Treasury Stock	-778.41	-949.41	-866.2	-225.33	-	-
Additional Paid-in Capital	66,037	72,461	77,583	80,303	78,972	77,434
Accumulated Other Comprehensive Income	473.06	609.11	244.3	-412.72	-2,640	-1,834
Retained Earnings	2,109	-796.91	-4,862	-10,745	-9,359	-8,835
Total Common Shareholders' Equity	67,842	71,324	72,100	68,920	66,974	66,765
Minority Interest	98.51	124.18	101.28	134.08	81.52	27.07
Shareholders' Equity	67,940	71,448	72,201	69,054	67,055	66,793
Total Liabilities & Equity	119,296	133,149	120,332	109,347	100,319	104,296
Total Debt	21,097	22,655	17,986	12,191	7,510	7,987
Net Cash (Debt)	34,635	38,964	42,129	48,889	48,625	57,238
Net Cash Growth	-11.11%	-7.51%	-13.83%	0.54%	-15.05%	179.24%
Net Cash Per Share	-	31.31	33.36	39.22	40.52	42.91
Book Value	67,842	71,324	72,100	68,920	66,974	66,765
Book Value Per Share	-	57.32	57.10	55.28	55.81	50.05
Tangible Book Value	62,421	65,689	66,176	62,299	64,027	62,655
Tangible Book Value Per Share	-	52.79	52.41	49.97	53.36	46.97

Updated Sep 30, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.