Vipshop Holdings Limited (VIPS)

Vipshop Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	22,990	26,352	25,415	21,939	16,297
Short-Term Investments	5,777	1,873	1,983	1,596	5,382
Cash & Short-Term Investments	28,768	28,225	27,398	23,535	21,679
Cash Growth	1.92%	3.02%	16.41%	8.56%	12.19%
Accounts Receivable	889.22	915.16	778.77	567.73	459.13
Other Receivables	771.95	555.02	557.94	671.07	637.96
Total Trade Receivables	1,661	1,470	1,337	1,239	1,097
Inventory	5,153	5,032	5,645	5,516	6,865
Other Current Assets	3,993	3,075	3,181	3,445	3,201
Total Current Assets	39,575	37,803	37,561	33,734	32,842
Net Property, Plant & Equipment	18,710	18,726	17,436	17,117	15,525
Other Intangible Assets	10,751	11,014	10,465	7,975	6,933
Goodwill	755.21	755.21	755.21	755.21	589.17
Long-Term Investments	7,937	5,358	5,072	4,823	4,960
Other Long-Term Assets	1,115	1,280	1,033	1,070	1,439
Total Assets	78,843	74,936	72,323	65,476	62,288
Accounts Payable	12,638	15,295	17,410	15,170	13,574
Accrued Expenses	9,941	9,663	9,560	8,395	7,659
Short-Term Debt	5,845	2,400	1,426	2,687	1,975
Current Portion of Leases	47.46	57.22	80.87	136.44	284.66
Unearned Revenue	2,411	2,512	2,147	2,138	2,278
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
Other Long-Term Liabilities	2,960	2,868	2,449	2,043	1,735
Total Long-Term Liabilities	3,517	3,460	3,139	2,876	2,688
Total Liabilities	34,400	33,387	33,763	31,403	28,459
Common Stock	-	0.08	0.07	0.09	0.09
Treasury Stock	-	-7,043	-3,625	-8,353	-1,928
Additional Paid-in Capital	-	4,913	4,445	13,092	12,228
Accumulated Other Comprehensive Income	-	-807.39	-695.59	-707.63	-88.6
Retained Earnings	-	42,906	36,837	28,720	22,422
Total Common Shareholders' 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	3,049	2,196	3,657	3,213
Net Cash (Debt)	22,319	25,176	25,202	19,878	18,466
Net Cash Growth	-11.35%	-0.10%	26.79%	7.64%	11.11%
Net Cash Per Share	435.98	466.85	447.83	310.21	266.19
Book Value	41,005	39,969	36,961	32,752	32,633
Book Value Per Share	801.00	741.15	656.79	511.12	470.40
Tangible Book Value	29,499	28,199	25,741	24,022	25,111
Tangible Book Value Per Share	576.24	522.91	457.40	374.88	361.97

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q