Tsingtao Brewery Company Limited (TSGTF)

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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	24,478	19,282	17,855	14,612	18,477	15,317
Short-Term Investments	1,627	3,583	5,123	6,306	-	-
Trading Asset Securities	2,813	1,924	2,684	2,778	1,889	1,524
Cash & Short-Term Investments	28,918	24,789	25,662	23,697	20,366	16,840
Cash Growth	-3.33%	-3.40%	8.29%	16.35%	20.94%	22.45%
Accounts Receivable	147.4	100.39	124.1	124.93	125.16	226.17
Other Receivables	81.81	145.73	632.78	620.86	30.76	40.86
Receivables	229.21	246.12	1,377	1,086	256.04	267.03
Inventory	2,213	3,540	4,152	3,493	3,281	3,182
Other Current Assets	443.18	1,037	810.61	683.13	724.97	712.7
Total Current Assets	31,803	29,612	32,002	28,959	24,628	21,002
Property, Plant & Equipment	11,730	11,750	11,607	11,078	10,810	10,467
Long-Term Investments	2,856	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	2,601	2,493	2,558	2,481	2,504	2,559
Long-Term Deferred Tax Assets	2,110	2,026	2,250	2,131	1,718	1,455
Long-Term Deferred Charges	95.47	-	-	127.03	86.26	35.26
Other Long-Term Assets	303.85	277.9	218.45	113.3	85.98	109.91
Total Assets	52,806	49,256	50,312	46,563	41,514	37,312
Accounts Payable	3,923	2,757	3,248	3,235	2,648	2,346
Accrued Expenses	4,196	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	51.02	50.25	49.26	48.43	41.87	21.79
Current Income Taxes Payable	425.69	129.75	191.11	474.54	246.49	211.36
Current Unearned Revenue	5,560	7,691	8,909	8,123	6,567	5,971
Other Current Liabilities	5,326	2,526	2,650	2,939	2,483	1,956
Total Current Liabilities	19,482	16,918	19,672	18,259	15,510	13,354
Long-Term Debt	-	-	-	-	-	0.21
Long-Term Leases	71.07	63.39	98.4	112.78	115.84	37.47
Long-Term Unearned Revenue	2,951	2,888	3,132	3,211	2,900	2,520
Long-Term Deferred Tax Liabilities	238.13	238.17	202.12	171.4	167.56	184.04
Other Long-Term Liabilities	16.17	16.21	16.28	24.54	462.05	372.58
Total Liabilities	23,590	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	4,228	4,207	4,154	3,956	3,675	3,444
Retained Earnings	22,950	22,037	20,224	18,014	15,882	14,424
Treasury Stock	-67.28	-77.64	-171.85	-273.19	-279.58	-
Comprehensive Income & Other	-80.89	-81.06	-75.8	-59.63	-19.85	-47.35
Total Common Equity	28,394	27,449	25,495	23,002	20,622	19,172
Minority Interest	821.62	805.27	777.49	791.85	746.09	741.79
Shareholders' Equity	29,216	28,255	26,272	23,794	21,368	19,913
Total Liabilities & Equity	52,806	49,256	50,312	46,563	41,514	37,312
Total Debt	122.09	113.64	373.08	406.99	861.2	330.8
Net Cash (Debt)	28,796	24,676	25,289	23,290	19,505	16,510
Net Cash Growth	-3.29%	-2.43%	8.59%	19.40%	18.14%	22.70%
Net Cash Per Share	21.13	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	12,321	12,693	12,331	10,700	9,118	7,648
Book Value Per Share	20.81	20.12	18.69	16.86	15.12	14.19
Tangible Book Value	24,486	23,649	21,630	19,214	16,811	15,306
Tangible Book Value Per Share	17.95	17.34	15.85	14.08	12.32	11.33
Buildings	8,099	8,113	7,914	7,362	7,359	7,171
Machinery	13,098	13,153	12,859	12,294	12,249	11,839
Construction In Progress	794.85	498.57	456.53	762.29	339.81	178.99

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