JD Logistics 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	-	18,118	25,812	17,207	21,495	17,923
Short-Term Investments	-	4,352	7,638	8,449	12,661	8,413
Trading Asset Securities	-	6,552	9,694	8,151	1,271	2,578
Cash & Short-Term Investments	29,022	29,022	43,144	33,807	35,428	28,914
Cash Growth	-32.73%	-32.73%	27.62%	-4.58%	22.53%	165.67%
Accounts Receivable	-	20,146	16,078	15,053	15,236	12,278
Other Receivables	-	141.53	227.39	538.81	230.84	774.05
Receivables	-	20,288	16,306	15,591	15,467	13,059
Inventory	-	886.85	645.8	624.29	647.45	683.17
Prepaid Expenses	-	2,668	2,462	2,281	2,074	1,667
Restricted Cash	-	459.91	336	193.96	237.75	7.32
Other Current Assets	-	5,417	4,846	4,161	3,750	1,071
Total Current Assets	-	58,743	67,740	56,658	57,604	45,401
Property, Plant & Equipment	-	35,944	31,830	33,420	32,443	23,575
Long-Term Investments	-	16,801	6,045	10,046	2,769	1,843
Goodwill	-	6,849	6,849	6,849	6,849	1,499
Other Intangible Assets	-	2,653	3,204	3,803	4,435	2,458
Long-Term Deferred Tax Assets	-	848.66	357.59	87.17	150.46	87.79
Other Long-Term Assets	-	2,760	1,841	2,037	2,447	1,932
Total Assets	-	124,600	117,868	112,902	106,697	76,795
Accounts Payable	-	10,663	8,568	8,730	9,100	6,773
Accrued Expenses	-	14,929	12,940	11,373	10,880	7,731
Short-Term Debt	-	-	-	-	110.61	111.97
Current Portion of Long-Term Debt	-	541.39	4,468	4,620	1,301	-
Current Portion of Leases	-	7,354	6,509	7,106	6,863	5,764
Current Income Taxes Payable	-	736.14	652.94	367.83	405.47	70.05
Current Unearned Revenue	-	541.31	382.08	298.31	192.79	125.64
Other Current Liabilities	-	9,604	6,192	6,836	5,394	3,971
Total Current Liabilities	-	44,369	39,712	39,331	34,246	24,546
Long-Term Debt	-	3,867	2,760	5,345	5,108	100
Long-Term Leases	-	10,684	9,432	10,181	10,503	9,409
Long-Term Deferred Tax Liabilities	-	1,363	1,402	1,454	1,597	720.18
Other Long-Term Liabilities	-	4,531	1,594	1,217	2,035	1,631
Total Liabilities	-	64,815	54,901	57,528	53,489	36,406
Common Stock	-	1.05	1.05	1.04	1.04	0.97
Additional Paid-In Capital	-	69,006	68,198	67,430	66,850	59,479
Retained Earnings	-	-16,656	-22,947	-28,893	-29,163	-27,213
Treasury Stock	-	-0.06	-0.06	-0.07	-0.07	-0.07
Comprehensive Income & Other	-	2,329	10,068	9,620	8,892	5,671
Total Common Equity	54,680	54,680	55,320	48,158	46,581	37,938
Minority Interest	-	5,104	7,647	7,216	6,628	2,451
Shareholders' Equity	59,785	59,785	62,967	55,374	53,209	40,389
Total Liabilities & Equity	-	124,600	117,868	112,902	106,697	76,795
Total Debt	22,447	22,447	23,170	27,253	23,885	15,385
Net Cash (Debt)	6,576	6,576	19,975	6,554	11,543	13,529
Net Cash Growth	-67.08%	-67.08%	204.76%	-43.22%	-14.68%	-
Net Cash Per Share	-	1.03	3.15	1.04	1.92	2.73
Filing Date Shares Outstanding	-	6,159	6,130	6,100	6,087	5,661
Total Common Shares Outstanding	-	6,159	6,130	6,100	6,087	5,661
Working Capital	-	14,374	28,028	17,327	23,358	20,855
Book Value Per Share	8.88	8.88	9.02	7.89	7.65	6.70
Tangible Book Value	45,178	45,178	45,266	37,506	35,297	33,981
Tangible Book Value Per Share	7.34	7.34	7.38	6.15	5.80	6.00
Buildings	-	504.82	504.82	132.93	276.67	38.48
Machinery	-	32,142	27,455	24,159	20,569	13,380
Construction In Progress	-	297.55	316.55	1,094	646.44	182.84
Leasehold Improvements	-	4,077	3,409	3,056	2,592	2,025

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