Tsingtao Brewery Company Limited (HKG: 0168)

Tsingtao Brewery Company Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	21,677	19,282	17,855	14,612	18,477	15,317
Short-Term Investments	31.58	3,583	5,123	6,306	-	-
Trading Asset Securities	3,474	1,924	2,684	2,778	1,889	1,524
Cash & Short-Term Investments	25,183	24,789	25,662	23,697	20,366	16,840
Cash Growth	13.28%	-3.40%	8.29%	16.35%	20.94%	22.45%
Accounts Receivable	180.43	100.39	124.1	124.93	125.16	226.17
Other Receivables	104.44	145.73	632.78	620.86	30.76	40.86
Receivables	284.87	246.12	1,377	1,086	256.04	267.03
Inventory	2,026	3,540	4,152	3,493	3,281	3,182
Other Current Assets	1,627	1,037	810.61	683.13	724.97	712.7
Total Current Assets	29,120	29,612	32,002	28,959	24,628	21,002
Property, Plant & Equipment	12,103	11,750	11,607	11,078	10,810	10,467
Long-Term Investments	2,835	1,790	368.73	366.64	374.93	377.24
Goodwill	1,307	1,307	1,307	1,307	1,307	1,307
Other Intangible Assets	2,657	2,493	2,558	2,481	2,504	2,559
Long-Term Deferred Tax Assets	1,978	2,026	2,250	2,131	1,718	1,455
Long-Term Deferred Charges	86	-	-	127.03	86.26	35.26
Other Long-Term Assets	285.04	277.9	218.45	113.3	85.98	109.91
Total Assets	50,371	49,256	50,312	46,563	41,514	37,312
Accounts Payable	4,185	2,757	3,248	3,235	2,648	2,346
Accrued Expenses	1,771	3,765	4,399	3,192	2,820	2,577
Short-Term Debt	-	-	225.41	245.78	703.27	270.91
Current Portion of Long-Term Debt	-	-	-	-	0.22	0.42
Current Portion of Leases	43.14	50.25	49.26	48.43	41.87	21.79
Current Income Taxes Payable	717.37	129.75	191.11	474.54	246.49	211.36
Current Unearned Revenue	5,444	7,691	8,909	8,123	6,567	5,971
Other Current Liabilities	3,434	2,526	2,650	2,939	2,483	1,956
Total Current Liabilities	15,595	16,918	19,672	18,259	15,510	13,354
Long-Term Debt	-	-	-	-	-	0.21
Long-Term Leases	65.52	63.39	98.4	112.78	115.84	37.47
Long-Term Unearned Revenue	2,937	2,888	3,132	3,211	2,900	2,520
Long-Term Deferred Tax Liabilities	244.65	238.17	202.12	171.4	167.56	184.04
Other Long-Term Liabilities	16.12	16.21	16.28	24.54	462.05	372.58
Total Liabilities	19,699	21,001	24,039	22,769	20,146	17,399
Common Stock	1,364	1,364	1,364	1,364	1,364	1,351
Additional Paid-In Capital	4,221	4,207	4,154	3,956	3,675	3,444
Retained Earnings	24,298	22,037	20,224	18,014	15,882	14,424
Treasury Stock	-1.5	-77.64	-171.85	-273.19	-279.58	-
Comprehensive Income & Other	-84.74	-81.06	-75.8	-59.63	-19.85	-47.35
Total Common Equity	29,797	27,449	25,495	23,002	20,622	19,172
Minority Interest	874.96	805.27	777.49	791.85	746.09	741.79
Shareholders' Equity	30,672	28,255	26,272	23,794	21,368	19,913
Total Liabilities & Equity	50,371	49,256	50,312	46,563	41,514	37,312
Total Debt	108.66	113.64	373.08	406.99	861.2	330.8
Net Cash (Debt)	25,074	24,676	25,289	23,290	19,505	16,510
Net Cash Growth	13.44%	-2.43%	8.59%	19.40%	18.14%	22.70%
Net Cash Per Share	18.39	18.11	18.59	17.15	14.42	12.22
Filing Date Shares Outstanding	1,364	1,364	1,364	1,364	1,364	1,351
Total Common Shares Outstanding	1,364	1,364	1,364	1,364	1,364	1,351
Working Capital	13,526	12,693	12,331	10,700	9,118	7,648
Book Value Per Share	21.84	20.12	18.69	16.86	15.12	14.19
Tangible Book Value	25,833	23,649	21,630	19,214	16,811	15,306
Tangible Book Value Per Share	18.94	17.34	15.85	14.08	12.32	11.33
Buildings	-	8,113	7,914	7,362	7,359	7,171
Machinery	-	13,153	12,859	12,294	12,249	11,839
Construction In Progress	-	498.57	456.53	762.29	339.81	178.99

Source: S&P Capital IQ. Standard template. Financial Sources.