Tsingtao Brewery Company Limited (HKG:0168)

Tsingtao Brewery Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	16,842	17,987	19,292	17,855	14,612	18,477
Short-Term Investments	149.1	160.07	3,583	5,123	6,306	-
Trading Asset Securities	5,179	2,022	1,924	2,684	2,778	1,889
Cash & Short-Term Investments	22,171	20,169	24,800	25,662	23,697	20,366
Cash Growth	-23.33%	-18.67%	-3.36%	8.29%	16.35%	20.94%
Accounts Receivable	168.94	102.42	100.39	124.1	124.93	125.16
Other Receivables	90.52	31.88	145.73	632.78	620.86	30.76
Receivables	459.5	264.33	246.12	1,377	1,086	256.04
Inventory	2,073	3,576	3,540	4,152	3,493	3,281
Other Current Assets	528.68	1,179	1,026	810.61	683.13	724.97
Total Current Assets	25,232	25,189	29,612	32,002	28,959	24,628
Property, Plant & Equipment	12,780	12,551	11,750	11,607	11,078	10,810
Long-Term Investments	8,016	7,482	1,790	368.73	366.64	374.93
Goodwill	1,307	1,307	1,307	1,307	1,307	1,307
Other Intangible Assets	2,624	2,684	2,493	2,558	2,481	2,504
Long-Term Deferred Tax Assets	2,105	1,930	2,026	2,250	2,131	1,718
Long-Term Deferred Charges	68.08	85.7	111.11	-	127.03	86.26
Other Long-Term Assets	236.89	191.35	166.79	218.45	113.3	85.98
Total Assets	52,369	51,420	49,256	50,312	46,563	41,514
Accounts Payable	3,864	2,928	2,757	3,248	3,235	2,648
Accrued Expenses	3,678	2,771	3,367	4,399	3,192	2,820
Short-Term Debt	-	-	-	225.41	245.78	703.27
Current Portion of Long-Term Debt	-	-	-	-	-	0.22
Current Portion of Leases	39.89	42.06	50.25	49.26	48.43	41.87
Current Income Taxes Payable	398.59	166.45	129.75	191.11	474.54	246.49
Current Unearned Revenue	5,439	8,313	7,691	8,909	8,123	6,567
Other Current Liabilities	4,211	3,303	2,923	2,650	2,939	2,483
Total Current Liabilities	17,629	17,522	16,918	19,672	18,259	15,510
Long-Term Leases	78.06	68.24	63.39	98.4	112.78	115.84
Long-Term Unearned Revenue	2,922	2,947	2,888	3,132	3,211	2,900
Long-Term Deferred Tax Liabilities	240	259.75	238.17	202.12	171.4	167.56
Other Long-Term Liabilities	16.03	16.09	16.21	16.28	24.54	462.05
Total Liabilities	21,599	21,561	21,001	24,039	22,769	20,146
Common Stock	1,364	1,364	1,364	1,364	1,364	1,364
Additional Paid-In Capital	4,198	4,198	4,207	4,154	3,956	3,675
Retained Earnings	24,556	23,653	22,037	20,224	18,014	15,882
Treasury Stock	-0.02	-1.5	-77.64	-171.85	-273.19	-279.58
Comprehensive Income & Other	-155.78	-153.54	-81.06	-75.8	-59.63	-19.85
Total Common Equity	29,963	29,060	27,449	25,495	23,002	20,622
Minority Interest	807.65	799.16	805.27	777.49	791.85	746.09
Shareholders' Equity	30,770	29,860	28,255	26,272	23,794	21,368
Total Liabilities & Equity	52,369	51,420	49,256	50,312	46,563	41,514
Total Debt	117.95	110.3	113.64	373.08	406.99	861.2
Net Cash (Debt)	22,053	20,059	24,686	25,289	23,290	19,505
Net Cash Growth	-23.42%	-18.74%	-2.38%	8.58%	19.40%	18.14%
Net Cash Per Share	16.17	14.71	18.12	18.59	17.15	14.42
Filing Date Shares Outstanding	1,364	1,364	1,364	1,364	1,364	1,364
Total Common Shares Outstanding	1,364	1,364	1,364	1,364	1,364	1,364
Working Capital	7,602	7,667	12,693	12,331	10,700	9,118
Book Value Per Share	21.96	21.30	20.12	18.69	16.86	15.12
Tangible Book Value	26,031	25,069	23,649	21,630	19,214	16,811
Tangible Book Value Per Share	19.08	18.38	17.34	15.85	14.08	12.32
Buildings	8,678	8,683	8,113	7,914	7,362	7,359
Machinery	13,723	13,691	13,153	12,859	12,294	12,249
Construction In Progress	1,043	630.87	498.57	456.53	762.29	339.81

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.