KE Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	11,074	7,773	11,443	19,635	19,413	20,446
Short-Term Investments	33,911	39,580	41,318	34,258	35,486	29,403
Cash & Short-Term Investments	44,986	47,353	52,761	53,893	54,899	49,849
Cash Growth	0.75%	-10.25%	-2.10%	-1.83%	10.13%	-12.02%
Accounts Receivable	4,037	3,937	5,498	3,176	4,163	9,325
Other Receivables	2,508	1,627	3,122	1,717	901.44	1,025
Receivables	6,624	6,059	8,791	5,075	5,298	10,701
Inventory	2,801	2,854	1,610	304.21	127.56	19.04
Prepaid Expenses	-	1,154	1,552	1,625	1,243	748.52
Restricted Cash	8,902	8,171	8,858	6,223	6,181	6,286
Other Current Assets	3,770	2,529	3,031	2,634	2,676	2,323
Total Current Assets	67,083	68,120	76,603	69,754	70,425	69,926
Property, Plant & Equipment	18,137	21,214	25,767	19,583	13,321	9,216
Long-Term Investments	19,822	20,149	23,790	23,571	17,926	17,038
Goodwill	4,660	4,660	4,777	4,857	4,934	1,806
Other Intangible Assets	691.09	722.68	857.64	1,067	1,687	1,141
Long-Term Deferred Tax Assets	-	1,258	1,005	1,114	856.96	1,060
Other Long-Term Assets	1,903	505.51	217.15	359.35	175.29	131.33
Total Assets	112,316	116,668	133,149	120,332	109,347	100,319
Accounts Payable	5,341	5,594	8,353	6,195	5,915	5,957
Accrued Expenses	13,571	7,701	10,084	9,306	10,145	10,503
Short-Term Debt	817.48	705.66	288.28	290.45	619	260
Current Portion of Long-Term Debt	-	-	-	-	-	194.2
Current Portion of Leases	8,934	10,659	13,730	9,369	4,972	2,753
Current Income Taxes Payable	890.95	702.61	1,029	698.57	542.29	567.59
Current Unearned Revenue	6,166	5,702	6,075	4,691	3,293	1,133
Other Current Liabilities	5,326	11,344	13,186	8,975	7,855	7,568
Total Current Liabilities	41,047	42,407	52,744	39,524	33,341	28,936
Long-Term Debt	776.31	442.17	-	-	-	-
Long-Term Leases	5,744	6,970	8,637	8,327	6,600	4,303
Long-Term Deferred Tax Liabilities	317.21	317.21	317.7	279.34	351.19	22.92
Other Long-Term Liabilities	2.05	2.15	2.56	0.39	0.48	1.38
Total Liabilities	47,886	50,138	61,701	48,131	40,293	33,263
Common Stock	0.45	0.45	0.46	0.48	0.49	0.49
Additional Paid-In Capital	62,598	64,802	72,461	77,583	80,303	78,972
Retained Earnings	3,108	2,197	-796.91	-4,862	-10,745	-9,359
Treasury Stock	-1,355	-848.43	-949.41	-866.2	-225.33	-
Comprehensive Income & Other	20.44	290.03	609.11	244.3	-412.72	-2,640
Total Common Equity	64,372	66,441	71,324	72,100	68,920	66,974
Minority Interest	58.51	88.55	124.18	101.28	134.08	81.52
Shareholders' Equity	64,430	66,530	71,448	72,201	69,054	67,055
Total Liabilities & Equity	112,316	116,668	133,149	120,332	109,347	100,319
Total Debt	16,271	18,776	22,655	17,986	12,191	7,510
Net Cash (Debt)	28,715	28,577	30,106	35,907	42,708	42,339
Net Cash Growth	28.71%	-5.08%	-16.16%	-15.93%	0.87%	-13.01%
Net Cash Per Share	25.03	24.69	25.53	29.83	35.90	35.79
Filing Date Shares Outstanding	1,122	1,162	1,201	1,233	1,251	1,197
Total Common Shares Outstanding	1,122	1,162	1,201	1,233	1,251	1,197
Working Capital	26,036	25,713	23,859	30,230	37,083	40,990
Book Value Per Share	57.38	57.20	59.37	58.47	55.11	55.95
Tangible Book Value	59,020	61,058	65,689	66,176	62,299	64,027
Tangible Book Value Per Share	52.61	52.57	54.68	53.67	49.82	53.49
Buildings	-	697.46	697.14	689.7	707.69	426.95
Machinery	-	1,680	1,599	1,443	1,459	1,513
Construction In Progress	-	184.49	176.01	293.93	194.8	143.36
Leasehold Improvements	-	3,220	3,477	2,717	2,444	2,316

Source: S&P Global Market Intelligence. Standard template. Financial Sources.