Vipshop Holdings 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	22,990	26,352	25,415	21,939	16,297
Short-Term Investments	5,777	1,925	2,484	2,227	6,094
Cash & Short-Term Investments	28,768	28,277	27,899	24,165	22,391
Cash Growth	1.74%	1.35%	15.45%	7.92%	14.74%
Accounts Receivable	889.22	724.13	620.32	403.16	233.9
Other Receivables	3,623	1,622	1,308	1,240	1,148
Receivables	4,521	3,323	2,421	2,130	2,007
Inventory	5,153	5,341	6,049	5,966	7,251
Prepaid Expenses	-	96.48	76.31	59.5	63.92
Restricted Cash	1,133	602.34	882.64	1,165	873.86
Other Current Assets	-	162.67	232.62	249.2	255.24
Total Current Assets	39,575	37,803	37,561	33,734	32,842
Property, Plant & Equipment	18,710	18,726	17,436	17,117	15,525
Long-Term Investments	7,937	5,358	5,072	4,823	4,960
Goodwill	755.21	755.21	755.21	755.21	589.17
Other Intangible Assets	10,751	11,014	10,465	7,975	6,933
Long-Term Accounts Receivable	-	-	-	-	0.04
Long-Term Deferred Tax Assets	757.11	681.03	685.02	681.77	760.02
Other Long-Term Assets	357.51	599.16	348.41	388.48	635.28
Total Assets	78,843	74,936	72,323	65,476	62,288
Accounts Payable	12,638	15,295	17,366	15,165	13,503
Accrued Expenses	9,941	4,076	4,555	4,276	4,622
Short-Term Debt	5,845	2,606	1,614	2,825	2,117
Current Portion of Leases	47.46	57.22	80.87	136.44	284.66
Current Income Taxes Payable	-	558.52	646.68	689.28	662.33
Current Unearned Revenue	520.85	476.8	457.59	400.21	2,278
Other Current Liabilities	1,891	6,858	5,905	5,034	2,304
Total Current Liabilities	30,883	29,927	30,624	28,526	25,771
Long-Term Leases	556.95	592	689.26	832.93	952.81
Long-Term Unearned Revenue	2,253	2,084	1,757	1,470	1,026
Long-Term Deferred Tax Liabilities	707.32	783.86	692.49	573.73	437.2
Other Long-Term Liabilities	-	-	-	-	272.04
Total Liabilities	34,400	33,387	33,763	31,402	28,459
Common Stock	41,005	0.08	0.07	0.09	0.09
Additional Paid-In Capital	-	4,913	4,445	13,092	12,228
Retained Earnings	-	42,906	36,837	28,720	22,421
Treasury Stock	-	-7,043	-3,625	-8,353	-1,928
Comprehensive Income & Other	-	-807.39	-695.59	-707.63	-88.6
Total Common Equity	41,005	39,969	36,961	32,752	32,633
Minority Interest	3,438	1,580	1,598	1,321	1,195
Shareholders' Equity	44,443	41,549	38,560	34,073	33,828
Total Liabilities & Equity	78,843	74,936	72,323	65,476	62,288
Total Debt	6,449	3,255	2,384	3,795	3,354
Net Cash (Debt)	22,319	25,022	25,515	20,370	19,037
Net Cash Growth	-10.80%	-1.93%	25.26%	7.00%	13.66%
Net Cash Per Share	43.60	46.40	45.34	31.79	27.44
Filing Date Shares Outstanding	479	514.88	542.37	563.06	656.08
Total Common Shares Outstanding	479	515.86	542.3	585.91	678.97
Working Capital	8,692	7,876	6,936	5,208	7,071
Book Value Per Share	85.60	77.48	68.16	55.90	48.06
Tangible Book Value	29,499	28,199	25,741	24,022	25,111
Tangible Book Value Per Share	61.58	54.66	47.47	41.00	36.98
Buildings	-	20,497	17,786	15,877	13,490
Machinery	-	3,732	3,457	3,407	3,377
Construction In Progress	-	600.37	1,104	1,484	1,057
Leasehold Improvements	-	1,608	1,436	1,280	1,371

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q