Anhui Kouzi Distillery Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	473.69	910.53	1,923	1,515	1,680	1,881
Trading Asset Securities	281.66	-	262.25	522.41	472.76	756.26
Cash & Short-Term Investments	755.34	910.53	2,186	2,037	2,152	2,637
Cash Growth	-60.17%	-58.34%	7.29%	-5.36%	-18.39%	-12.25%
Accounts Receivable	508.6	99.89	391.41	445.93	343.38	611.13
Other Receivables	18.33	11.81	9.94	2.3	1.82	2.43
Receivables	526.94	111.7	401.34	448.23	345.2	613.55
Inventory	6,481	6,455	5,854	5,067	4,211	3,541
Other Current Assets	41.86	42.97	22.93	26.13	34.17	37.02
Total Current Assets	7,806	7,520	8,464	7,578	6,743	6,829
Property, Plant & Equipment	4,161	4,200	4,165	4,127	3,860	3,269
Other Intangible Assets	482.31	484.38	498.01	513.14	515.8	528.95
Long-Term Deferred Tax Assets	0.88	0.32	1.59	3.89	0.62	31.4
Other Long-Term Assets	507.84	507.92	530.32	310.13	388.86	372.04
Total Assets	12,958	12,713	13,659	12,532	11,508	11,031
Accounts Payable	715.71	681.97	828.16	848.43	805.92	738.48
Accrued Expenses	14.71	76.36	410.65	378.2	624.58	605.96
Current Portion of Long-Term Debt	2.59	3.38	-	-	-	-
Current Portion of Leases	-	-	3.33	2.77	1.72	3.6
Current Income Taxes Payable	178.95	101.12	181.67	154.07	136.81	291.67
Current Unearned Revenue	201.16	334.46	559.82	397.45	563.09	677.38
Other Current Liabilities	908.51	908.13	958.14	807.56	320.02	302.92
Total Current Liabilities	2,022	2,105	2,942	2,588	2,452	2,620
Long-Term Leases	2.79	3.24	0.12	-	0.32	0.15
Long-Term Unearned Revenue	72.42	72.92	74.85	76.87	77.18	76.54
Long-Term Deferred Tax Liabilities	130.57	130.03	127.83	117.69	74.29	84.77
Total Liabilities	2,227	2,312	3,145	2,783	2,604	2,781
Common Stock	598.12	598.12	600	600	600	600
Additional Paid-In Capital	910.5	910.5	982.46	972.04	976.88	976.88
Retained Earnings	9,278	8,949	9,054	8,298	7,476	6,821
Treasury Stock	-55.67	-55.67	-121.79	-120.18	-148.93	-148.93
Shareholders' Equity	10,731	10,402	10,514	9,749	8,904	8,249
Total Liabilities & Equity	12,958	12,713	13,659	12,532	11,508	11,031
Total Debt	5.38	6.62	3.44	2.77	2.04	3.75
Net Cash (Debt)	749.96	903.91	2,182	2,034	2,150	2,634
Net Cash Growth	-60.42%	-58.58%	7.27%	-5.40%	-18.35%	-12.37%
Net Cash Per Share	1.26	1.52	3.64	3.39	3.58	4.39
Filing Date Shares Outstanding	597.65	588.27	603.56	599.4	596.87	596.87
Total Common Shares Outstanding	597.65	588.27	603.56	599.4	596.87	596.87
Working Capital	5,784	5,415	5,522	4,990	4,290	4,209
Book Value Per Share	17.95	17.68	17.42	16.27	14.92	13.82
Tangible Book Value	10,248	9,917	10,016	9,236	8,388	7,720
Tangible Book Value Per Share	17.15	16.86	16.60	15.41	14.05	12.94
Buildings	-	-	3,412	3,101	2,714	2,181
Machinery	-	-	1,441	1,278	1,010	854.25
Construction In Progress	-	-	1,003	1,163	1,311	1,232

Source: S&P Global Market Intelligence. Standard template. Financial Sources.