Midea Real Estate Holding Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,601	1,034	17,553	21,811	26,289
Short-Term Investments	147.94	-	50	6,100	10,544
Trading Asset Securities	216.92	-	50	23.08	3.5
Cash & Short-Term Investments	1,966	1,034	17,653	27,934	36,836
Cash Growth	90.17%	-94.14%	-36.80%	-24.17%	10.76%
Accounts Receivable	1,112	1,381	3,529	2,411	2,376
Other Receivables	119.32	-	-	27,593	29,171
Receivables	1,232	1,381	3,529	30,004	31,547
Inventory	804.34	789.79	97,884	139,092	160,641
Prepaid Expenses	90.47	112.53	8,553	9,477	10,695
Restricted Cash	44.97	68.99	2,539	4,530	7,908
Other Current Assets	107.37	743.29	32,489	3,246	2,843
Total Current Assets	4,245	4,130	162,647	214,283	250,470
Property, Plant & Equipment	283.71	371.54	1,364	1,569	1,627
Long-Term Investments	44.24	43.6	24,131	25,250	28,443
Goodwill	-	-	54.87	54.87	61.96
Other Intangible Assets	125.98	201	202.29	236.16	122.84
Long-Term Accounts Receivable	9.51	9.73	36.1	40.83	43.34
Long-Term Deferred Tax Assets	87.16	105.53	6,399	5,039	4,016
Other Long-Term Assets	4,833	4,863	6,744	5,466	3,735
Total Assets	9,629	9,725	201,579	251,939	288,520
Accounts Payable	1,105	1,320	28,992	31,486	35,090
Accrued Expenses	481.59	549.19	3,159	4,357	4,334
Short-Term Debt	-	6	739.89	1,297	238.76
Current Portion of Long-Term Debt	591.92	42.8	11,494	12,385	15,096
Current Portion of Leases	15.14	18.49	54.2	64.93	89.27
Current Income Taxes Payable	322.81	291.23	9,070	8,019	6,934
Current Unearned Revenue	1,030	875.11	44,392	86,140	107,453
Other Current Liabilities	660.85	607.13	27,374	22,517	29,536
Total Current Liabilities	4,207	3,710	125,276	166,264	198,771
Long-Term Debt	-	586.58	25,835	34,773	40,988
Long-Term Leases	177.9	179.8	43.93	90.21	140.09
Long-Term Deferred Tax Liabilities	208.12	167.11	306.1	497.64	810.23
Total Liabilities	4,593	4,643	151,460	201,625	240,710
Common Stock	1,219	1,523	3,932	1,147	1,044
Additional Paid-In Capital	969.73	1,219	1,219	4,480	4,982
Retained Earnings	2,405	2,207	20,883	19,970	18,243
Comprehensive Income & Other	311.66	-52.39	-725.09	-732.78	-758.35
Total Common Equity	4,906	4,897	25,309	24,865	23,512
Minority Interest	129.99	184.69	24,809	25,449	24,298
Shareholders' Equity	5,036	5,081	50,119	50,314	47,810
Total Liabilities & Equity	9,629	9,725	201,579	251,939	288,520
Total Debt	784.95	833.67	38,167	48,610	56,553
Net Cash (Debt)	1,181	200.28	-20,514	-20,676	-19,717
Net Cash Growth	489.82%	-	-	-	-
Net Cash Per Share	0.83	0.14	-14.82	-16.05	-15.99
Filing Date Shares Outstanding	1,435	1,435	1,435	1,355	1,234
Total Common Shares Outstanding	1,435	1,435	1,435	1,355	1,234
Working Capital	38.24	420.17	37,372	48,020	51,699
Book Value Per Share	3.42	3.41	17.63	18.34	19.05
Tangible Book Value	4,780	4,696	25,052	24,574	23,327
Tangible Book Value Per Share	3.33	3.27	17.45	18.13	18.90
Buildings	-	230.04	1,011	1,233	1,172
Machinery	-	119.96	371.7	293.7	299.51
Construction In Progress	-	19.36	6.54	15.78	22.09

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