Midea Real Estate Holding Limited (HKG: 3990)

Midea Real Estate Holding Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	11,412	17,553	21,811	26,289	18,595	19,097
Short-Term Investments	4,042	4,424	6,100	10,544	13,565	6,205
Trading Asset Securities	97.73	50	23.08	3.5	1,096	1,913
Cash & Short-Term Investments	15,552	22,027	27,934	36,836	33,256	27,216
Cash Growth	-34.87%	-21.15%	-24.17%	10.76%	22.20%	21.54%
Accounts Receivable	2,466	2,224	2,411	2,376	2,210	2,176
Other Receivables	27,507	27,373	27,593	29,171	35,190	24,368
Receivables	29,973	29,598	30,004	31,547	37,400	26,544
Inventory	80,734	97,884	139,092	160,641	160,570	151,514
Prepaid Expenses	8,359	8,553	9,477	10,695	9,977	12,244
Restricted Cash	2,028	2,539	4,530	7,908	8,140	7,697
Other Current Assets	2,033	2,047	3,246	2,843	5,190	5,095
Total Current Assets	138,678	162,647	214,283	250,470	254,534	230,310
Property, Plant & Equipment	1,409	1,364	1,569	1,627	1,627	1,729
Long-Term Investments	24,540	24,131	25,250	28,443	19,336	10,761
Goodwill	-	54.87	54.87	61.96	61.96	61.96
Other Intangible Assets	255.63	202.29	236.16	122.84	90.6	84.76
Long-Term Accounts Receivable	28.25	36.1	40.83	43.34	42.72	26.42
Long-Term Deferred Tax Assets	7,376	6,399	5,039	4,016	3,245	2,333
Other Long-Term Assets	6,710	6,744	5,466	3,735	4,817	4,408
Total Assets	178,998	201,579	251,939	288,520	283,754	249,714
Accounts Payable	23,587	28,992	31,486	35,090	34,913	32,478
Accrued Expenses	2,639	3,159	4,357	4,334	4,259	6,816
Short-Term Debt	870	739.89	1,297	238.76	588.53	-
Current Portion of Long-Term Debt	8,214	11,494	12,385	15,096	11,666	9,136
Current Portion of Leases	50.92	54.2	64.93	89.27	62.96	49.83
Current Income Taxes Payable	9,125	9,070	8,019	6,934	6,413	5,410
Current Unearned Revenue	29,770	44,392	86,140	107,453	104,038	84,892
Other Current Liabilities	29,179	27,374	22,517	29,536	33,944	32,530
Total Current Liabilities	103,436	125,276	166,264	198,771	195,885	171,312
Long-Term Debt	28,021	25,835	34,773	40,988	46,385	45,516
Long-Term Leases	46.07	43.93	90.21	140.09	176.11	199.66
Long-Term Deferred Tax Liabilities	347.35	306.1	497.64	810.23	1,088	1,548
Total Liabilities	131,850	151,460	201,625	240,710	243,535	218,576
Common Stock	1,219	1,219	1,147	1,044	1,041	1,041
Additional Paid-In Capital	3,461	3,932	4,480	4,982	6,613	8,425
Retained Earnings	21,264	20,883	19,970	18,243	14,501	10,175
Comprehensive Income & Other	-745.8	-725.09	-732.78	-758.35	-88.31	8.72
Total Common Equity	25,199	25,309	24,865	23,512	22,068	19,650
Minority Interest	21,949	24,809	25,449	24,298	18,152	11,489
Shareholders' Equity	47,148	50,119	50,314	47,810	40,219	31,138
Total Liabilities & Equity	178,998	201,579	251,939	288,520	283,754	249,714
Total Debt	37,202	38,167	48,610	56,553	58,879	54,901
Net Cash (Debt)	-21,650	-16,140	-20,676	-19,717	-25,623	-27,686
Net Cash Per Share	-15.22	-11.68	-16.05	-15.99	-20.82	-23.21
Filing Date Shares Outstanding	1,435	1,435	1,355	1,234	1,231	1,231
Total Common Shares Outstanding	1,435	1,435	1,355	1,234	1,231	1,231
Working Capital	35,243	37,372	48,020	51,699	58,648	58,998
Book Value Per Share	17.56	17.63	18.34	19.05	17.93	15.97
Tangible Book Value	24,943	25,052	24,574	23,327	21,915	19,503
Tangible Book Value Per Share	17.38	17.45	18.13	18.90	17.81	15.85
Buildings	-	1,011	1,233	1,172	1,096	1,057
Machinery	-	371.7	293.7	299.51	279.73	250.63
Construction In Progress	-	6.54	15.78	22.09	16.52	28.11

Source: S&P Capital IQ. Standard template. Financial Sources.