China Vanke 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	55,163	61,521	84,009	96,943	134,425	140,708
Trading Asset Securities	-	68.02	176.75	13.61	18.14	20.59
Cash & Short-Term Investments	55,163	61,589	84,186	96,956	134,443	140,729
Cash Growth	-26.96%	-26.84%	-13.17%	-27.88%	-4.47%	-24.27%
Accounts Receivable	250,751	21,460	20,931	20,980	18,439	15,161
Other Receivables	-	175,414	221,425	240,803	256,091	245,941
Receivables	250,751	196,874	242,356	261,782	274,530	261,102
Inventory	368,029	373,738	519,009	701,696	907,057	1,075,617
Prepaid Expenses	-	39,041	44,937	-	-	-
Restricted Cash	5,330	5,720	4,153	2,871	2,783	8,644
Other Current Assets	67.09	20,411	22,870	86,955	96,544	114,176
Total Current Assets	679,339	697,374	917,512	1,150,260	1,415,356	1,600,268
Property, Plant & Equipment	31,638	33,879	38,889	41,945	40,772	40,461
Long-Term Investments	108,253	109,179	117,737	132,754	134,643	147,324
Goodwill	-	5,704	5,540	5,409	5,402	3,822
Other Intangible Assets	9,082	7,367	8,297	10,956	11,548	10,445
Long-Term Deferred Tax Assets	27,210	27,582	44,067	39,380	36,141	33,518
Long-Term Deferred Charges	-	7,191	7,964	8,073	8,876	9,013
Other Long-Term Assets	141,884	132,348	146,253	116,073	105,066	93,786
Total Assets	997,407	1,020,623	1,286,260	1,504,850	1,757,805	1,938,638
Accounts Payable	236,494	71,267	72,996	24,570	30,288	38,733
Accrued Expenses	-	23,277	19,894	25,658	29,417	24,765
Short-Term Debt	-	27,426	15,973	1,064	4,133	14,413
Current Portion of Long-Term Debt	166,121	134,925	144,158	62,967	61,964	46,006
Current Portion of Leases	1,481	1,725	1,888	1,960	1,959	1,926
Current Income Taxes Payable	63,089	10,855	12,697	13,118	14,298	12,800
Current Unearned Revenue	89,916	94,917	194,252	310,444	466,841	638,223
Other Current Liabilities	-	200,805	257,204	382,005	468,902	534,582
Total Current Liabilities	557,101	565,198	719,062	821,785	1,077,802	1,311,446
Long-Term Debt	193,567	197,927	202,999	257,635	249,589	207,343
Long-Term Leases	13,341	14,396	16,893	19,645	22,066	24,310
Long-Term Deferred Tax Liabilities	4,628	4,698	5,349	1,137	1,176	1,290
Other Long-Term Liabilities	708.02	2,544	3,102	1,714	1,536	1,477
Total Liabilities	769,345	784,763	947,405	1,101,917	1,352,168	1,545,865
Common Stock	11,931	11,931	11,931	11,931	11,631	11,625
Additional Paid-In Capital	-	26,985	26,098	25,052	22,868	20,584
Retained Earnings	-	81,809	170,365	219,844	215,758	203,885
Treasury Stock	-	-	-1,292	-1,292	-1,292	-
Comprehensive Income & Other	98,604	-3,819	-4,436	-4,750	-5,639	-141.03
Total Common Equity	110,535	116,905	202,666	250,785	243,325	235,953
Minority Interest	117,527	118,955	136,188	152,149	162,311	156,820
Shareholders' Equity	228,062	235,860	338,855	402,934	405,637	392,773
Total Liabilities & Equity	997,407	1,020,623	1,286,260	1,504,850	1,757,805	1,938,638
Total Debt	374,510	376,399	381,911	343,270	339,710	293,997
Net Cash (Debt)	-319,347	-314,811	-297,725	-246,314	-205,267	-153,268
Net Cash Per Share	-26.82	-26.48	-25.09	-20.90	-17.70	-13.19
Filing Date Shares Outstanding	11,931	11,931	11,858	11,858	11,558	11,625
Total Common Shares Outstanding	11,931	11,931	11,858	11,858	11,558	11,625
Working Capital	122,238	132,176	198,450	328,475	337,555	288,822
Book Value Per Share	9.26	9.80	17.09	21.15	21.05	20.30
Tangible Book Value	101,453	103,835	188,829	234,419	226,376	221,686
Tangible Book Value Per Share	8.50	8.70	15.92	19.77	19.59	19.07
Buildings	-	21,305	22,216	20,358	17,948	15,025
Machinery	-	6,135	6,127	5,362	4,599	2,594
Construction In Progress	-	932.63	1,539	2,920	1,850	3,398

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