$VIPS Balance Sheet | Understand Stock

$VIPS

$12.70 +$0.07 (0.55%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of CNY, except per-share amounts

	Q4 FY2025 As of Dec 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q4 FY2020 As of Dec 31, 2020	Q4 FY2019 As of Dec 31, 2019	Q4 FY2018 As of Dec 31, 2018	Q4 FY2017 As of Dec 31, 2017	Q4 FY2016 As of Dec 31, 2016	Q4 FY2015 As of Dec 31, 2015	Q4 FY2014 As of Dec 31, 2014	Q4 FY2013 As of Dec 31, 2013	Q4 FY2012 As of Dec 31, 2012
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Held-to-maturity investments (Note 6)
Short-term investments
Accounts receivables, net
Amounts due from related parties, net
Other receivables and prepayments, net
Loan receivables, net
Inventories
Advance to suppliers
Prepaid expenses
Deferred tax assets (Note 18)
Deferred tax assets (Note 23)
Assets held for sale
Total current assets

Property and equipment, net
Deposits for property and equipment
Prepaid land use right, net (Note 8)
Land use rights, net
Intangible assets, net
Investments in equity method investees
Other investments
Available-for-sale investments (Note 12)
Other long-term assets
Amounts due from related parties
Goodwill
Total non-current assets
Deferred tax assets, net
Right-of-use assets, net
Total assets

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable (Including accounts payable of the consolidated variable interest entities ("VIEs") and VIEs' subsidiaries without recourse to the Company of RMB837 and RMB1,540 as of December 31, 2024 and 2025, respectively)
Advances from customers (Including advances from customers of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,211,643 and RMB965,275 as of December 31, 2016 and 2017, respectively)
Advances from customers (Including advances from customers of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB751,615 and RMB458,894 as of December 31, 2018 and 2019, respectively)
Advances from customers (Including advances from customers of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB367,640 and RMB387,965 as of December 31, 2024 and 2025, respectively)
Accrued expenses and other current liabilities (Including accrued expenses and other current liabilities of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB524,165 and RMB528,018 as of December 31, 2024 and 2025, respectively)
Amounts due to related parties (Including amounts due to related parties of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB120,824 and RMB3,191 as of December 31, 2021 and 2022, respectively)
Amounts due to related parties (Including amounts due to related parties of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB 4,975 and RMB3,708 as of December 31, 2024 and 2025, respectively)
Related Party
Total amounts due to related parties (Including amounts due to related parties of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB 4,975 and RMB3,708 as of December 31, 2024 and 2025, respectively)
Deferred income (Including deferred income of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,066 and RMB172 as of December 31, 2024 and 2025, respectively)
Securitization debt (Including securitization debt of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2018 and 2019, respectively)
Short-term loans
Convertible senior notes (Including convertible senior notes of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2018 and 2019, respectively)
Operating lease liabilities (Including operating lease liabilities of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB814 and RMB6,896 as of December 31, 2024 and 2025, respectively)
Total current liabilities

Long-term loans (Including long-term loans of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2019 and 2020, respectively)
Deferred tax liability (Including deferred tax liability of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB3,617 and RMB36,385 as of December 31, 2018 and 2019, respectively)
Deferred tax liabilities (Including deferred tax liabilities of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB33,823 and RMB1,735 as of December 31, 2023 and 2024, respectively)
Deferred tax liabilities (Including deferred tax liabilities of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,735 and RMB 1,735 as of December 31, 2024 and 2025, respectively)
Deferred income-non-current
Convertible senior notes (Note 18)
Convertible senior notes (Including convertible senior notes of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2017 and 2018, respectively)
Total non-current liabilities
Operating lease liabilities-non-current (Including operating lease liabilities-non-current of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB24 and RMB493 as of December 31, 2024 and 2025, respectively)
Other long term liabilities
Total liabilities
SHAREHOLDERS' EQUITY:
Ordinary shares
Class A ordinary shares
Class B ordinary shares
Total ordinary shares

Treasury shares, at cost (1,356,918 and nil Class A shares as of December 31, 2016 and 2017, respectively)
Treasury shares, at cost (13,028,013 and 14,273,077 Class A shares as of December 31, 2024 and 2025, respectively)
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total Vipshop Holdings Limited shareholders' equity
Non-controlling interests
Class B ordinary shares
Total shareholders' equity

Total liabilities and shareholders' equity

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