Midea Group 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	94,092	85,247	140,410	81,674	55,270	71,876
Short-Term Investments	-	1,427	27,177	58,522	44,624	43,057
Trading Asset Securities	2,331	3,912	10,517	2,183	3,285	5,879
Cash & Short-Term Investments	96,423	90,586	178,105	142,379	103,179	120,812
Cash Growth	-41.12%	-49.14%	25.09%	37.99%	-14.60%	-10.51%
Accounts Receivable	74,296	50,221	46,382	43,131	38,049	33,736
Other Receivables	3,405	18,126	19,724	15,512	15,738	13,378
Receivables	91,168	80,126	77,153	72,940	67,925	67,770
Inventory	57,824	67,616	67,026	50,655	50,412	50,277
Other Current Assets	165,790	178,334	66,780	15,346	39,583	10,005
Total Current Assets	411,205	416,662	389,064	281,321	261,099	248,865
Property, Plant & Equipment	51,133	51,208	41,665	38,668	32,267	27,841
Long-Term Investments	9,762	63,879	107,822	98,224	68,982	53,135
Goodwill	33,215	34,257	29,581	30,858	28,549	27,875
Other Intangible Assets	20,838	21,619	17,009	18,458	16,909	17,173
Long-Term Accounts Receivable	-	139.66	118.87	250.52	614.6	871.36
Long-Term Deferred Tax Assets	16,512	15,118	14,074	12,771	10,244	8,192
Long-Term Deferred Charges	2,334	2,373	1,864	1,736	1,580	-
Other Long-Term Assets	68,392	2,912	2,845	2,776	1,617	3,142
Total Assets	613,882	608,792	604,352	486,038	422,555	387,946
Accounts Payable	140,262	130,802	118,774	94,238	89,806	98,736
Accrued Expenses	5,656	65,277	67,096	59,366	49,336	41,275
Short-Term Debt	37,419	43,905	31,009	8,819	5,169	5,561
Current Portion of Long-Term Debt	2,132	4,426	38,541	13,291	6,248	28,087
Current Portion of Leases	-	1,395	1,122	1,167	992.14	860.5
Current Income Taxes Payable	8,244	4,485	3,798	3,477	2,814	2,972
Current Unearned Revenue	41,199	46,993	49,255	41,765	27,960	23,917
Other Current Liabilities	103,544	46,100	42,226	29,122	24,016	21,444
Total Current Liabilities	338,457	343,384	351,820	251,246	206,342	222,851
Long-Term Debt	16,699	15,854	13,759	49,357	53,850	19,734
Long-Term Leases	1,975	1,901	1,825	2,047	1,507	1,534
Long-Term Unearned Revenue	2,727	2,638	2,196	1,735	1,721	1,228
Pension & Post-Retirement Benefits	-	1,377	1,360	1,434	1,488	1,825
Long-Term Deferred Tax Liabilities	6,012	5,892	4,897	5,098	4,648	4,950
Other Long-Term Liabilities	2,571	1,322	827.35	821.7	1,075	998.26
Total Liabilities	368,440	372,368	376,684	311,739	270,631	253,121
Common Stock	7,603	7,597	7,656	7,026	6,997	6,987
Additional Paid-In Capital	45,923	45,351	49,920	21,243	19,693	20,517
Retained Earnings	190,564	178,867	165,402	147,630	131,054	113,153
Treasury Stock	-9,741	-8,151	-5,728	-12,872	-14,934	-14,045
Comprehensive Income & Other	-2,041	-442.16	-499.66	-148.16	124.64	-1,743
Total Common Equity	232,308	223,221	216,750	162,879	142,935	124,868
Minority Interest	13,133	13,203	10,917	11,421	8,989	9,957
Shareholders' Equity	245,441	236,424	227,667	174,300	151,924	134,825
Total Liabilities & Equity	613,882	608,792	604,352	486,038	422,555	387,946
Total Debt	58,225	67,481	86,255	74,681	67,767	55,776
Net Cash (Debt)	38,198	23,105	91,850	67,699	35,411	65,036
Net Cash Growth	-43.52%	-74.84%	35.67%	91.18%	-45.55%	-10.79%
Net Cash Per Share	5.04	3.04	12.91	9.88	5.19	9.42
Filing Date Shares Outstanding	7,489	7,537	7,632	6,907	6,875	6,869
Total Common Shares Outstanding	7,489	7,537	7,632	6,907	6,851	6,830
Working Capital	72,748	73,279	37,244	30,075	54,758	26,013
Book Value Per Share	31.02	29.62	28.40	23.58	20.86	18.28
Tangible Book Value	178,254	167,346	170,160	113,563	97,478	79,820
Tangible Book Value Per Share	23.80	22.20	22.30	16.44	14.23	11.69
Land	-	1,843	1,444	1,382	1,330	1,325
Buildings	-	35,161	28,121	26,412	22,040	20,102
Machinery	-	43,658	36,803	34,293	31,442	28,399
Construction In Progress	-	3,055	5,364	4,681	3,844	2,691

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