JINHUI LIQUOR 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	1,083	990.29	868.78	1,042	810.13	666.68
Cash & Short-Term Investments	1,083	990.29	868.78	1,042	810.13	666.68
Cash Growth	-2.22%	13.99%	-16.64%	28.65%	21.52%	12.63%
Accounts Receivable	69.39	7.72	15.41	7.18	15.03	18.61
Other Receivables	108.68	55.69	110.7	35.81	11.06	4.13
Receivables	178.06	63.41	126.1	43	26.09	22.74
Inventory	1,882	2,002	1,690	1,620	1,512	1,327
Prepaid Expenses	-	-	-	-	0	-
Other Current Assets	34.86	27.06	31.11	33.95	37.04	22.5
Total Current Assets	3,178	3,083	2,716	2,739	2,386	2,039
Property, Plant & Equipment	1,765	1,691	1,541	1,387	1,469	1,515
Long-Term Investments	1.38	1.44	1.85	-	0.19	1.15
Goodwill	1.01	1.01	1.01	1.01	1.01	-
Other Intangible Assets	355.92	355.17	215.58	212.94	198.78	183.35
Long-Term Deferred Tax Assets	44.33	47.34	29.85	35.01	24.14	9.65
Long-Term Deferred Charges	20.54	21.88	21.55	23.95	13.3	9
Other Long-Term Assets	61.81	77.38	77.46	2.9	3.84	16.38
Total Assets	5,428	5,277	4,605	4,402	4,095	3,773
Accounts Payable	219.24	235.68	206.18	175.3	144.42	120.15
Accrued Expenses	173.03	238.87	228.32	168.53	181.45	192.51
Short-Term Debt	169	169.31	-	-	-	-
Current Portion of Long-Term Debt	49.22	27.06	12	12	12	12
Current Portion of Leases	-	8.85	6.34	7.63	9.14	5.4
Current Income Taxes Payable	106.91	30.91	17.23	24.72	7.83	17.45
Current Unearned Revenue	870.9	819.69	638.43	575.28	509.82	358.52
Other Current Liabilities	97.88	100.67	92.89	65.39	40.45	45.4
Total Current Liabilities	1,686	1,631	1,201	1,029	905.11	751.44
Long-Term Debt	123.42	123.42	-	-	-	-
Long-Term Leases	24.66	28.87	14.92	10.03	11.37	7.71
Long-Term Unearned Revenue	46.2	46.58	41.21	7.38	8.04	8.73
Pension & Post-Retirement Benefits	-	-	-	14.29	3.43	1.33
Long-Term Deferred Tax Liabilities	35.99	36.07	26.39	19.02	16.47	22.42
Other Long-Term Liabilities	9.28	9.43	7.49	-	-	-
Total Liabilities	1,926	1,875	1,291	1,080	944.42	791.63
Common Stock	507.26	507.26	507.26	507.26	507.26	507.26
Additional Paid-In Capital	870.86	870.86	870.86	870.92	870.92	870.92
Retained Earnings	2,350	2,245	2,139	1,948	1,772	1,603
Treasury Stock	-192.85	-192.85	-192.81	-	-	-
Total Common Equity	3,536	3,430	3,324	3,326	3,150	2,981
Minority Interest	-33.78	-28.13	-10.92	-3.25	1.04	0.33
Shareholders' Equity	3,502	3,402	3,313	3,323	3,151	2,982
Total Liabilities & Equity	5,428	5,277	4,605	4,402	4,095	3,773
Total Debt	366.29	357.51	33.26	29.66	32.51	25.11
Net Cash (Debt)	716.33	632.78	835.53	1,013	777.62	641.57
Net Cash Growth	-34.48%	-24.27%	-17.48%	30.21%	21.21%	12.58%
Net Cash Per Share	1.41	1.25	1.66	2.00	1.53	1.26
Filing Date Shares Outstanding	496.83	496.83	496.83	507.26	507.26	507.26
Total Common Shares Outstanding	496.83	496.83	496.83	507.26	507.26	507.26
Working Capital	1,492	1,452	1,515	1,710	1,481	1,287
Book Value Per Share	7.12	6.90	6.69	6.56	6.21	5.88
Tangible Book Value	3,179	3,074	3,108	3,112	2,950	2,798
Tangible Book Value Per Share	6.40	6.19	6.25	6.14	5.82	5.52
Buildings	-	1,979	1,739	1,735	1,730	1,724
Machinery	-	439.8	386.95	379.11	366.8	321.29
Construction In Progress	-	179.99	237.52	1.84	1.51	10.37

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