Dmall 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	565.86	801.05	533.17	533.05	368.72
Short-Term Investments	1.72	1.97	2.34	1.65	1.16
Trading Asset Securities	57.24	87.1	34.94	9.03	15.05
Cash & Short-Term Investments	624.83	890.11	570.44	543.73	384.93
Cash Growth	29.37%	56.04%	4.91%	41.26%	-
Accounts Receivable	315.62	250.75	168.38	142.11	94.7
Other Receivables	48.45	69.81	45.22	44.56	55.68
Receivables	364.07	320.56	213.6	186.66	150.38
Inventory	26.35	5.92	19.41	2.7	5.32
Restricted Cash	0.5	56.6	20.93	56.09	-
Other Current Assets	14.28	10.34	19.8	21.75	107.5
Total Current Assets	1,030	1,284	844.18	810.92	648.12
Property, Plant & Equipment	69.03	69.81	76.8	74.45	75.83
Long-Term Investments	0.56	0.59	196.77	153.22	145.9
Goodwill	151.99	151.99	151.99	151.89	151.89
Other Intangible Assets	132.21	144.07	83.68	93.2	105.32
Long-Term Deferred Tax Assets	4.07	4.26	4.26	2.09	1.66
Other Long-Term Assets	11.32	4.93	20.08	21.39	152.39
Total Assets	1,399	1,659	1,378	1,307	1,281
Accounts Payable	106.35	88.66	50.14	23.4	13.05
Accrued Expenses	99.74	140.58	215.69	244.74	186.3
Short-Term Debt	4.16	2.84	2.75	-	64.8
Current Portion of Long-Term Debt	320.79	442.45	7,165	6,449	5,149
Current Portion of Leases	22.03	23.58	25.43	16.03	17.57
Current Income Taxes Payable	0.17	0.2	0	-	0.05
Current Unearned Revenue	115.9	88.68	91.29	49.47	44.51
Other Current Liabilities	34.76	131.27	243.48	329.37	440.88
Total Current Liabilities	703.89	918.27	7,794	7,112	5,916
Long-Term Debt	44.35	84.35	320.68	253.59	79.1
Long-Term Leases	7.29	3.87	15.16	4.28	8.04
Long-Term Deferred Tax Liabilities	9.98	10.82	12.5	14.19	15.9
Other Long-Term Liabilities	0.68	0.86	0.96	0.62	1.64
Total Liabilities	766.19	1,018	8,143	7,385	6,020
Common Stock	0.59	0.59	0.32	0.32	0.32
Additional Paid-In Capital	10,080	10,073	-	-	-
Retained Earnings	-8,725	-8,793	-6,597	-6,005	-5,198
Treasury Stock	-87.46	-47.12	-	-	-
Comprehensive Income & Other	-690.75	-668.12	-267.83	-155.87	374.83
Total Common Equity	577.05	565.68	-6,865	-6,161	-4,822
Minority Interest	55.95	75.35	99.7	83.13	83.16
Shareholders' Equity	633	641.03	-6,765	-6,077	-4,739
Total Liabilities & Equity	1,399	1,659	1,378	1,307	1,281
Total Debt	398.63	557.09	7,529	6,723	5,318
Net Cash (Debt)	226.2	333.02	-6,958	-6,179	-4,933
Net Cash Per Share	0.31	0.60	-13.25	-11.77	-10.35
Filing Date Shares Outstanding	900.77	895.56	525.15	525.15	476.62
Total Common Shares Outstanding	900.77	895.56	525.15	525.15	476.62
Working Capital	326.13	365.27	-6,949	-6,301	-5,268
Book Value Per Share	0.64	0.63	-13.07	-11.73	-10.12
Tangible Book Value	292.85	269.61	-7,101	-6,406	-5,080
Tangible Book Value Per Share	0.33	0.30	-13.52	-12.20	-10.66
Buildings	18.76	18.76	5.46	5.46	5.46
Machinery	69.81	71.22	88.29	108.03	112.9
Leasehold Improvements	39.71	39.71	39.83	38.84	11.85

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.