Global Top E-Commerce 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	287.52	144.78	304.86	526.5	528.88	658.58
Cash & Short-Term Investments	287.52	144.78	304.86	526.5	528.88	658.58
Cash Growth	-10.08%	-52.51%	-42.10%	-0.45%	-19.69%	-52.88%
Accounts Receivable	758.76	718.32	332.43	529.18	385.09	883.07
Other Receivables	375.81	251.94	652.58	434.33	434.37	306.51
Receivables	1,135	970.25	985.01	963.5	819.46	1,190
Inventory	107.74	357.21	523.08	418.59	389.31	1,676
Other Current Assets	449.79	116.63	146.63	213.61	65.71	159.22
Total Current Assets	1,980	1,589	1,960	2,122	1,803	3,684
Property, Plant & Equipment	42.33	38.3	50.03	63.52	96.12	347.72
Long-Term Investments	59.41	57.81	57.73	59.6	58.87	119.43
Goodwill	1,178	1,178	1,414	1,414	1,414	1,664
Other Intangible Assets	8.76	9.22	10.94	13.44	29.49	258.34
Long-Term Deferred Tax Assets	106.25	103.73	106.81	101.14	90.45	28.72
Long-Term Deferred Charges	0.44	0.63	3.01	3.83	3.05	9.22
Other Long-Term Assets	132.51	133.12	140.34	211.78	241.23	75.93
Total Assets	3,507	3,109	3,742	3,989	3,736	6,187
Accounts Payable	178.66	97.4	107.38	135.12	200.75	2,071
Accrued Expenses	51.76	317.6	457.48	494.38	368.27	323.89
Short-Term Debt	-	668	739	612.78	337.16	1,607
Current Portion of Long-Term Debt	-	-	-	-	-	50
Current Portion of Leases	7.7	9.59	18.04	15.37	14.17	-
Current Income Taxes Payable	118.76	90.76	87.23	96.27	73.69	479
Current Unearned Revenue	73.39	53.1	37.66	90.77	75.98	50.84
Other Current Liabilities	1,660	461.73	472	545.55	559.36	249.69
Total Current Liabilities	2,091	1,698	1,919	1,990	1,629	4,831
Long-Term Debt	-	-	-	-	-	285.38
Long-Term Leases	7.81	7.08	9.81	19.64	30.63	-
Long-Term Unearned Revenue	5.87	-	-	-	-	0.11
Long-Term Deferred Tax Liabilities	0.01	0.07	0.27	0.22	-	1.29
Other Long-Term Liabilities	559.59	561.1	472.22	529.5	619.49	45.63
Total Liabilities	2,664	2,266	2,401	2,540	2,280	5,163
Common Stock	1,558	1,558	1,558	1,558	1,558	1,558
Additional Paid-In Capital	3,738	3,738	3,738	3,738	3,738	3,732
Retained Earnings	-4,245	-4,228	-3,751	-3,685	-3,703	-4,386
Treasury Stock	-117.34	-117.34	-102.24	-102.24	-102.24	-102.24
Comprehensive Income & Other	-80.59	-98.54	-93.81	-60.87	-45.52	226.24
Total Common Equity	853.17	852.05	1,349	1,448	1,446	1,028
Minority Interest	-10.28	-9.18	-7.68	1.36	10.81	-4.62
Shareholders' Equity	842.89	842.87	1,341	1,450	1,457	1,024
Total Liabilities & Equity	3,507	3,109	3,742	3,989	3,736	6,187
Total Debt	15.52	684.67	766.85	647.79	381.95	1,942
Net Cash (Debt)	272	-539.89	-461.99	-121.29	146.93	-1,284
Net Cash Growth	-10.26%	-	-	-	-	-
Net Cash Per Share	0.18	-0.35	-0.30	-0.08	0.09	-0.82
Filing Date Shares Outstanding	1,558	1,558	1,558	1,558	1,558	1,558
Total Common Shares Outstanding	1,558	1,558	1,558	1,558	1,558	1,558
Working Capital	-111.15	-109.31	40.8	131.95	173.98	-1,147
Book Value Per Share	0.55	0.55	0.87	0.93	0.93	0.66
Tangible Book Value	-333.21	-334.79	-75.89	21.1	2.77	-894.01
Tangible Book Value Per Share	-0.21	-0.21	-0.05	0.01	0.00	-0.57
Buildings	-	36.72	36.72	36.72	65.4	318.77
Machinery	-	23.87	28.69	33.7	32.63	136.89

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.