One Body, Two Wings Strategy Upgrade
Robust Balance Sheet with Positive Cash Inflows
Key Balance Sheet Items
Normalized Operating Cash Flow 1
(RMB mm)
As of December 31,
(RMB mm)
7,001
6,157
2019
2020
2021
Cash and Cash Equivalents
24,319
40,970
20,446
Restricted Cash
7,380
8,567
6,286
Short(term Investment
1,845
15,688
29,403
Total Liquidity
33,544
65,226
56,135
Total Current Asset
51,912
87,539
69,926
Total Asset
67,265
104,296
100,319
Total Current Liabilities
27,798
33,633
28,936
Total Liabilities
35,730
37,503
33,263
Total Liabilities, Mezzanine
Equity and Shareholder
Equity
67,265
104,296
100,319
(1,476)
2019
2020
2021
贝壳
找房大平台
1 Normalized operating cash flow is defined as GAAP operating cash flow excluding the effects of cash movements in the home payment escrow account of RMB 1,589 million, RMB 2,360 million and
negative RMB 2,562 for 2019, 2020 and 2021 respectively.
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