Kweichow Moutai Co., Ltd. (SHA:600519)

Kweichow Moutai Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	49,927	51,702	59,302	69,070	58,274	51,810
Short-Term Investments	1,000	26,871	1,211	-	-	-
Trading Asset Securities	-	-	248.51	400.71	-	-
Cash & Short-Term Investments	50,927	78,573	60,762	69,471	58,274	51,810
Cash Growth	-9.77%	29.31%	-12.54%	19.21%	12.48%	43.55%
Accounts Receivable	1,035	4,460	2,003	74.31	126.39	-
Other Receivables	53.13	25.25	23.64	27.5	31.82	33.16
Receivables	157,145	112,461	136,435	109,160	116,331	135,100
Inventory	61,391	61,427	54,343	46,435	38,824	33,394
Other Current Assets	184.32	57.66	187.15	105.99	3,182	460.64
Total Current Assets	269,647	252,519	251,727	225,173	216,611	220,766
Property, Plant & Equipment	24,881	25,182	24,432	22,361	22,354	20,157
Long-Term Investments	7,675	8,862	5,544	9,325	380.69	2,230
Other Intangible Assets	8,522	8,686	8,850	8,572	7,083	6,208
Long-Term Deferred Tax Assets	6,751	6,602	5,520	4,646	3,595	2,237
Long-Term Deferred Charges	255.21	252.33	250.63	378.07	336.99	139.34
Other Long-Term Assets	163.92	178.58	240.02	113.7	5.34	5.24
Total Assets	318,305	303,835	298,945	272,700	254,501	255,168

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	3,027	4,007	3,515	3,093	2,408	2,010
Accrued Expenses	399.71	10,008	10,473	9,646	8,840	10,319
Current Portion of Leases	65.83	44.21	111.95	57.05	109.35	104.32
Current Income Taxes Payable	7,529	3,173	3,032	2,639	2,769	5,254
Current Unearned Revenue	2,084	8,007	9,592	14,126	15,472	12,718
Other Current Liabilities	24,414	24,372	29,792	19,137	19,466	27,508
Total Current Liabilities	37,521	49,610	56,516	48,698	49,066	57,914
Long-Term Leases	196.29	189.5	313.91	266.64	334.45	296.47
Long-Term Deferred Tax Liabilities	74.47	75.61	103.37	78.94	162.63	-
Total Liabilities	37,883	49,876	56,933	49,043	49,563	58,211

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,250	1,252	1,256	1,256	1,256	1,256
Additional Paid-In Capital	1.58	0.66	1,374	1,374	1,375	1,375
Retained Earnings	269,947	243,510	230,485	213,043	194,860	186,921
Treasury Stock	-	-120.11	-	-	-	-
Comprehensive Income & Other	6.36	-4.86	-9	-5.15	-10.78	-13.02
Total Common Equity	271,205	244,638	233,106	215,669	197,480	189,539
Minority Interest	9,217	9,321	8,905	7,988	7,458	7,418
Shareholders' Equity	280,422	253,959	242,011	223,656	204,938	196,958
Total Liabilities & Equity	318,305	303,835	298,945	272,700	254,501	255,168

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	262.12	233.71	425.86	323.69	443.8	400.79
Net Cash (Debt)	50,665	78,339	60,336	69,147	57,831	51,409
Net Cash Growth	-9.81%	29.84%	-12.74%	19.57%	12.49%	42.44%
Net Cash Per Share	40.49	62.48	48.03	55.04	46.04	40.92
Filing Date Shares Outstanding	1,250	1,251	1,256	1,256	1,256	1,256
Total Common Shares Outstanding	1,250	1,251	1,256	1,256	1,256	1,256
Working Capital	232,126	202,908	195,211	176,475	167,546	162,851
Book Value Per Share	216.95	195.49	185.56	171.68	157.20	150.88
Tangible Book Value	262,683	235,952	224,256	207,096	190,397	183,331
Tangible Book Value Per Share	210.13	188.55	178.52	164.86	151.57	145.94
Buildings	-	34,239	32,291	29,021	27,591	24,498
Machinery	-	4,385	3,926	3,594	3,725	3,159
Construction In Progress	-	2,472	2,150	2,137	2,208	2,322

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error