Luckin Coffee 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,178	4,362	2,926	3,534	6,478	4,806
Short-Term Investments	6,402	1,378	564.02	-	-	250
Cash & Short-Term Investments	8,580	5,740	3,490	3,534	6,478	5,056
Cash Growth	88.25%	64.48%	-1.26%	-45.44%	28.12%	-5.77%
Accounts Receivable	745.4	549.71	294.83	210.7	210.17	43.11
Other Receivables	-	19.59	4.18	0.2	4.36	5.98
Receivables	745.4	569.3	299.01	210.91	214.53	49.08
Inventory	3,060	2,601	2,339	1,315	672.67	295.25
Prepaid Expenses	2,267	309.22	273.27	206.06	234.89	241.72
Restricted Cash	5.58	3.78	66.08	7.86	58.2	110
Other Current Assets	-	1,482	1,133	762.82	725.43	668.13
Total Current Assets	14,658	10,705	7,600	6,037	8,383	6,420
Property, Plant & Equipment	13,073	11,003	9,356	3,871	3,043	2,070
Long-Term Investments	700	150	150	-	-	-
Other Intangible Assets	-	146.28	31.95	26.08	6.95	38.75
Long-Term Deferred Tax Assets	198.33	271.6	350.08	208.47	702.94	638.72
Other Long-Term Assets	1,047	823.48	804.4	337.42	176.42	154.27
Total Assets	29,677	23,099	18,292	10,480	12,312	9,322
Accounts Payable	1,209	738.68	814.66	441.38	293.7	209.7
Accrued Expenses	4,524	2,161	1,631	1,010	864.29	427.03
Short-Term Debt	-	300	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	2,931	-
Current Portion of Leases	2,830	2,343	1,851	880.87	598.06	-
Current Income Taxes Payable	-	332.66	102.24	105.97	36.5	-
Current Unearned Revenue	151.47	153.25	123.42	97.37	96.21	88.17
Other Current Liabilities	116.85	653.69	940.44	293.52	1,771	276.09
Total Current Liabilities	8,832	6,682	5,463	2,829	6,592	1,001
Long-Term Debt	-	33.6	-	-	-	3,002
Long-Term Leases	4,028	3,331	3,115	1,024	575.06	-
Other Long-Term Liabilities	-	-	-	-	-	2,595
Total Liabilities	13,146	10,047	8,578	3,853	7,167	6,598
Common Stock	0.03	0.03	0.03	0.03	0.02	0.02
Additional Paid-In Capital	17,136	16,705	16,277	16,037	15,038	14,745
Retained Earnings	-2,504	-5,606	-8,538	-11,385	-11,874	-12,452
Comprehensive Income & Other	383.8	438.54	396.94	397.3	466.86	364.05
Total Common Equity	15,016	11,538	8,136	5,049	3,631	2,656
Minority Interest	-	-	-	-	-	68.52
Shareholders' Equity	16,531	13,053	9,714	6,627	5,146	2,725
Total Liabilities & Equity	29,677	23,099	18,292	10,480	12,312	9,322
Total Debt	6,858	6,008	4,966	1,905	4,105	3,002
Net Cash (Debt)	1,722	-267.67	-1,476	1,629	2,373	2,055
Net Cash Growth	-	-	-	-31.35%	15.51%	-57.04%
Net Cash Per Share	5.35	-0.84	-4.66	5.18	8.89	8.13
Filing Date Shares Outstanding	320.58	320.58	319.28	314.37	303.55	253.15
Total Common Shares Outstanding	320.58	322.15	318.22	316.53	298.83	253.15
Working Capital	5,826	4,022	2,137	3,208	1,792	5,419
Book Value Per Share	46.84	35.82	25.57	15.95	12.15	10.49
Tangible Book Value	15,016	11,392	8,104	5,023	3,624	2,618
Tangible Book Value Per Share	46.84	35.36	25.47	15.87	12.13	10.34
Buildings	-	689.45	480.79	811.67	798.66	675.49
Machinery	-	3,878	2,815	1,599	1,443	1,385
Construction In Progress	-	152.98	345.9	53.1	15.05	192.03
Leasehold Improvements	-	3,140	2,235	1,127	873.45	1,048

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