Luzhou Laojiao Co.,Ltd Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	31,745	33,578	25,952	17,758	13,513	11,625
Trading Asset Securities	709.72	1,694	1,427	1,073	706.35	-
Cash & Short-Term Investments	32,454	35,273	27,379	18,831	14,220	11,625
Cash Growth	1.06%	28.83%	45.39%	32.43%	22.32%	19.18%
Accounts Receivable	1,215	1,813	5,956	4,589	4,759	3,211
Other Receivables	8.9	16.28	26.45	27.82	33.22	127.03
Receivables	1,224	1,829	5,982	4,617	4,792	3,338
Inventory	13,747	13,393	11,622	9,841	7,278	4,696
Other Current Assets	196.78	361.73	375.26	262.87	285.46	231.25
Total Current Assets	47,622	50,856	45,358	33,552	26,575	19,890
Property, Plant & Equipment	10,039	9,968	10,355	9,702	9,401	8,898
Long-Term Investments	3,348	3,208	3,111	3,804	2,990	2,825
Other Intangible Assets	3,427	3,418	3,398	3,083	2,606	2,657
Long-Term Deferred Tax Assets	326.48	424.19	674.43	1,005	986.11	725.21
Long-Term Deferred Charges	1.14	1.76	0.96	0.71	1.46	2.31
Other Long-Term Assets	732.37	457.76	396.72	238.16	651.66	12.3
Total Assets	65,496	68,335	63,294	51,385	43,212	35,009
Accounts Payable	1,392	1,844	2,357	2,312	2,420	2,726
Accrued Expenses	535.59	2,978	2,457	2,801	2,483	1,940
Current Portion of Long-Term Debt	4,574	3,267	73.8	67.35	72.22	72.22
Current Portion of Leases	-	9.69	5.11	14.53	13.98	-
Current Income Taxes Payable	1,770	798.28	998.67	1,345	1,328	606.14
Current Unearned Revenue	3,838	3,978	2,673	2,566	3,510	1,679
Other Current Liabilities	1,093	1,401	1,506	1,546	1,119	725.16
Total Current Liabilities	13,202	14,277	10,071	10,652	10,947	7,748
Long-Term Debt	2,219	6,280	11,499	6,176	3,991	3,988
Long-Term Leases	19.75	24.53	22.36	29.1	40.67	-
Long-Term Unearned Revenue	79.42	86.67	27.77	33.7	28.53	29.74
Long-Term Deferred Tax Liabilities	150.49	158.38	142.77	166.04	67.58	62.15
Total Liabilities	15,671	20,827	21,763	17,057	15,075	11,827
Common Stock	1,472	1,472	1,472	1,472	1,465	1,465
Additional Paid-In Capital	5,427	5,366	5,185	4,800	3,543	3,723
Retained Earnings	42,817	40,812	35,288	28,244	22,653	17,701
Treasury Stock	-160.34	-345.7	-616.74	-639.02	-	-
Comprehensive Income & Other	124.14	84.24	63.13	330.75	379.91	186.06
Total Common Equity	49,680	47,389	41,391	34,208	28,040	23,075
Minority Interest	145.24	119.51	140.3	120.92	97.01	107.01
Shareholders' Equity	49,825	47,508	41,532	34,329	28,137	23,182
Total Liabilities & Equity	65,496	68,335	63,294	51,385	43,212	35,009
Total Debt	6,812	9,581	11,600	6,287	4,118	4,060
Net Cash (Debt)	25,642	25,692	15,779	12,544	10,102	7,565
Net Cash Growth	31.24%	62.82%	25.78%	24.17%	33.54%	4.16%
Net Cash Per Share	17.45	17.51	10.74	8.54	6.90	5.16
Filing Date Shares Outstanding	1,472	1,472	1,472	1,472	1,465	1,465
Total Common Shares Outstanding	1,472	1,472	1,472	1,472	1,465	1,465
Working Capital	34,420	36,579	35,288	22,900	15,628	12,142
Book Value Per Share	33.75	32.19	28.12	23.24	19.14	15.75
Tangible Book Value	46,252	43,971	37,994	31,125	25,434	20,418
Tangible Book Value Per Share	31.42	29.87	25.81	21.15	17.36	13.94
Buildings	-	8,033	7,601	7,584	6,809	5,628
Machinery	-	4,778	4,173	3,918	3,548	3,048
Construction In Progress	-	807.23	1,718	808.92	1,260	2,012

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