Dmall Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	653.56	860.03	801.05	533.17	533.05	368.72
Short-Term Investments	-	1	1.97	2.34	1.65	1.16
Trading Asset Securities	105.95	82.15	87.1	34.94	9.03	15.05
Cash & Short-Term Investments	759.52	943.18	890.11	570.44	543.73	384.93
Cash Growth	21.56%	5.96%	56.04%	4.91%	41.26%	-
Accounts Receivable	318.74	347.07	250.75	168.38	142.11	94.7
Other Receivables	-	47.98	69.81	45.22	44.56	55.68
Receivables	318.74	395.06	320.56	213.6	186.66	150.38
Inventory	24.64	46.12	5.92	19.41	2.7	5.32
Restricted Cash	0.62	-	56.6	20.93	56.09	-
Other Current Assets	-	10.44	10.34	19.8	21.75	107.5
Total Current Assets	1,185	1,395	1,284	844.18	810.92	648.12
Property, Plant & Equipment	67.55	72.06	69.81	76.8	74.45	75.83
Long-Term Investments	-	-	0.59	196.77	153.22	145.9
Goodwill	106.3	106.3	151.99	151.99	151.89	151.89
Other Intangible Assets	117.83	114.33	144.07	83.68	93.2	105.32
Long-Term Deferred Tax Assets	69.55	41.32	4.26	4.26	2.09	1.66
Other Long-Term Assets	17.61	5.43	4.93	20.08	21.39	152.39
Total Assets	1,564	1,734	1,659	1,378	1,307	1,281

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	109.78	107.33	88.66	50.14	23.4	13.05
Accrued Expenses	111.57	123.18	140.58	215.69	244.74	186.3
Short-Term Debt	-	1.31	2.84	2.75	-	64.8
Current Portion of Long-Term Debt	380.94	311.32	442.45	7,165	6,449	5,149
Current Portion of Leases	23.66	23.42	23.58	25.43	16.03	17.57
Current Income Taxes Payable	0.13	0.11	0.2	0	-	0.05
Current Unearned Revenue	132.26	139.27	88.68	91.29	49.47	44.51
Other Current Liabilities	-	30.7	131.27	243.48	329.37	440.88
Total Current Liabilities	758.34	736.63	918.27	7,794	7,112	5,916
Long-Term Debt	55.6	21	84.35	320.68	253.59	79.1
Long-Term Leases	10.08	11.28	3.87	15.16	4.28	8.04
Long-Term Deferred Tax Liabilities	8.3	9.14	10.82	12.5	14.19	15.9
Other Long-Term Liabilities	0.6	0.61	0.86	0.96	0.62	1.64
Total Liabilities	832.92	778.66	1,018	8,143	7,385	6,020

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	0.62	0.62	0.59	0.32	0.32	0.32
Additional Paid-In Capital	-	10,443	10,073	-	-	-
Retained Earnings	-	-8,659	-8,793	-6,597	-6,005	-5,198
Treasury Stock	-	-196.67	-47.12	-	-	-
Comprehensive Income & Other	664.94	-688.82	-668.12	-267.83	-155.87	374.83
Total Common Equity	665.56	899.29	565.68	-6,865	-6,161	-4,822
Minority Interest	65.85	56.28	75.35	99.7	83.13	83.16
Shareholders' Equity	731.41	955.57	641.03	-6,765	-6,077	-4,739
Total Liabilities & Equity	1,564	1,734	1,659	1,378	1,307	1,281

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	470.28	368.33	557.09	7,529	6,723	5,318
Net Cash (Debt)	289.23	574.85	333.02	-6,958	-6,179	-4,933
Net Cash Growth	27.86%	72.62%	-	-	-	-
Net Cash Per Share	0.31	0.63	0.60	-13.25	-11.77	-10.35
Filing Date Shares Outstanding	870.81	926.52	895.56	525.15	525.15	476.62
Total Common Shares Outstanding	870.81	926.52	895.56	525.15	525.15	476.62
Working Capital	427.15	658.16	365.27	-6,949	-6,301	-5,268
Book Value Per Share	0.76	0.97	0.63	-13.07	-11.73	-10.12
Tangible Book Value	441.43	678.66	269.61	-7,101	-6,406	-5,080
Tangible Book Value Per Share	0.51	0.73	0.30	-13.52	-12.20	-10.66
Buildings	-	19.07	18.76	5.46	5.46	5.46
Machinery	-	68.49	71.22	88.29	108.03	112.9
Leasehold Improvements	-	42.16	39.71	39.83	38.84	11.85