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SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

12 Months Ended

Dec. 31, 2024

SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

SCHEDULE I FINANCIAL INFORMATION FOR PARENT COMPANY

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

H WORLD GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

CONDENSED BALANCE SHEETS

(Renminbi in millions, except share and per share data, unless otherwise stated)

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2023		2024		2024
​	​	​	​	​	​	US$’ in millions
​	​	​	​	​	​	(Note 2)
Assets	​	​	​	​	​	​
Current assets:	​	​	​	​	​	​
Cash and cash equivalents		4,382		1,869		256
Short-term investments		576		863		118
Other current assets		24		2		0
Total current assets		4,982		2,734		374
Investment in and amount due from subsidiaries		15,760		18,103		2,480
Total assets		20,742		20,837		2,854
Liabilities and equity	​	​	​	​	​	​
Current liabilities:	​	​	​	​	​	​
Short-term debt		3,537		—		—
Dividends payable		2,085		0		0
Amount due to subsidiaries		2,897		4,990		684
Accrued expenses and other current liabilities		88		76		10
Total current liabilities		8,607		5,066		694
Long-term debt		—		3,594		492
Total liabilities		8,607		8,660		1,186
Equity:	​	​	​	​	​	​
Ordinary shares (US$0.00001 par value per share; 80,000,000,000 shares authorized; 3,210,392,530 and 3,105,094,690 shares issued as of December 31, 2023 and 2024, and 3,159,046,350 and 3,083,916,600 shares outstanding as of December 31, 2023 and 2024, respectively)		0		0		0
Treasury shares (51,346,180 and 21,178,090 shares as of December 31, 2023 and 2024, respectively)		(906)		(274)		(38)
Additional paid-in capital		11,861		9,620		1,318
Retained earnings		794		2,449		336
Accumulated other comprehensive income		386		382		52
Total equity		12,135		12,177		1,668
Total liabilities and equity		20,742		20,837		2,854

​

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

H WORLD GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(Renminbi in millions, unless otherwise stated)

​

​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022		2023		2024		2024
​	​	​	​	​	​	​	​	US$’ in millions
​	​	​	​	​	​	​	​	(Note 2)
Operating costs and expenses:	​	​	​	​	​	​	​	​
General and administrative expenses		93		154		340		47
Total operating costs and expenses		93		154		340		47
Loss from operations		(93)		(154)		(340)		(47)
Interest income		15		69		64		9
Interest expense		130		122		112		15
Foreign exchange loss		(223)		(108)		(23)		(3)
Other income, net		6		61		93		13
(Loss) gain from fair value changes of equity securities, net		(1)		(15)		4		0
(Loss) income in investment in subsidiaries		(1,395)		4,354		3,362		461
Net (loss) income attributable to H World Group Limited		(1,821)		4,085		3,048		418
​	​	​	​	​	​	​	​	​
Other comprehensive (loss) income, net of tax		191		154		(4)		(0)
Comprehensive (loss) income		(1,630)		4,239		3,044		418

​

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

H WORLD GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

CONDENSED STATEMENTS OF CASH FLOWS

(Renminbi in millions, unless otherwise stated)

​

​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022		2023		2024		2024
​	​	​	​	​	​	​		US$’ in millions
​	​	​	​	​	​	​	​	(Note 2)
Net cash provided by (used in) operating activities		(136)		(133)		17		3
Investing activities:	​	​	​	​	​	​	​	​
Loans to subsidiaries		(750)		(987)		(0)		(0)
Repayment of loans by subsidiaries		4,165		2,061		1,000		137
Purchase of investments		—		(803)		(1,188)		(163)
Proceeds from maturity/sale of investments		—		301		917		126
Dividends received	​	—	​	—	​	19	​	3
Net cash (used in) provided by investing activities		3,415		572		748		103
Financing activities:	​	​	​	​	​	​	​	​
Proceeds from issuance of ordinary shares in Hong Kong public offering	​	—	​	1,973	​	—	​	—
Proceeds from termination of Capped Call	​	86	​	—	​	—	​	—
Payment of ordinary share issuance costs	​	(0)	​	(9)	​	—	​	—
Payment of repurchases of ordinary shares	​	(334)	​	(848)	​	(1,172)	​	(161)
Loans from subsidiaries	​	798	​	2,574	​	2,553	​	350
Repayment of loans from subsidiaries	​	—	​	(540)	​	(457)	​	(63)
Proceeds from short-term bank borrowings		453		—		—		—
Repayment of short-term bank borrowings		—	​	(439)	​	—	​	—
Repayment of convertible senior notes	​	(3,406)	​	(0)	​	—	​	—
Dividends paid		(416)		—		(3,480)		(477)
Purchase of prepaid put option	​	—	​	—	​	(710)	​	(97)
Net cash provided by (used in) financing activities		(2,819)		2,711		(3,266)		(448)
Effect of exchange rate changes on cash and cash equivalents		163		28		(12)		(2)
Net (decrease) increase in cash and cash equivalents		623		3,178		(2,513)		(344)
Cash, cash equivalents at the beginning of the year		581		1,204		4,382		600
Cash, cash equivalents at the end of the year		1,204		4,382		1,869		256

​

The accompanying notes are an integral part of these consolidated financial statements

​

ADDITIONAL FINANCIAL INFORMATION — FINANCIAL STATEMENTS SCHEDULE I

H WORLD GROUP LIMITED

FINANCIAL INFORMATION FOR PARENT COMPANY

Note to Schedule I

Schedule I has been provided pursuant to the requirements of Rule 12-04(a) and 5-04-(c) of Regulation S-X, which require condensed financial information as to the financial position, change in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.

The condensed financial information has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries. Such investments in subsidiaries are presented on the balance sheets as investment in subsidiaries and the profit of the subsidiaries is presented as income in investment in subsidiaries.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the accompanying consolidated financial statements.

As of December 31, 2024, there are no material contingencies, mandatory dividend, and significant provision of long-term obligation or guarantee of the Company, except for those which have separately disclosed in the consolidated financial statements.

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- References

No definition available.

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-11

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