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 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	29,886	27,342	33,578	25,952	17,758	13,513
Trading Asset Securities	1,508	1,585	1,694	1,427	1,073	706.35
Cash & Short-Term Investments	31,394	28,926	35,273	27,379	18,831	14,220
Cash Growth	-9.33%	-17.99%	28.83%	45.39%	32.43%	22.32%
Accounts Receivable	18.97	1,473	1,813	5,956	4,589	4,759
Other Receivables	856.8	21.41	16.28	26.45	27.82	33.22
Receivables	875.78	1,494	1,829	5,982	4,617	4,792
Inventory	15,116	15,396	13,393	11,622	9,841	7,278
Other Current Assets	523.39	571.96	361.73	375.26	262.87	285.46
Total Current Assets	47,910	46,388	50,856	45,358	33,552	26,575
Property, Plant & Equipment	10,555	10,608	9,968	10,355	9,702	9,401
Long-Term Investments	3,391	3,406	3,208	3,111	3,804	2,990
Other Intangible Assets	3,393	3,414	3,418	3,398	3,083	2,606
Long-Term Deferred Tax Assets	198.79	264.02	424.19	674.43	1,005	986.11
Long-Term Deferred Charges	0.99	1.03	1.76	0.96	0.71	1.46
Other Long-Term Assets	718.84	713.08	457.76	396.72	238.16	651.66
Total Assets	66,167	64,795	68,335	63,294	51,385	43,212
Accounts Payable	1,253	1,413	1,844	2,357	2,312	2,420
Accrued Expenses	317.86	1,620	2,978	2,457	2,801	2,483
Current Portion of Long-Term Debt	2,019	4,065	3,267	73.8	67.35	72.22
Current Portion of Leases	-	9.58	9.69	5.11	14.53	13.98
Current Income Taxes Payable	2,325	464.63	798.28	998.67	1,345	1,328
Current Unearned Revenue	2,794	3,369	3,978	2,673	2,566	3,510
Other Current Liabilities	824.62	1,063	1,401	1,506	1,546	1,119
Total Current Liabilities	12,534	12,004	14,277	10,071	10,652	10,947
Long-Term Debt	1,652	2,627	6,280	11,499	6,176	3,991
Long-Term Leases	15.1	15.69	24.53	22.36	29.1	40.67
Long-Term Unearned Revenue	75.61	82.51	86.67	27.77	33.7	28.53
Long-Term Deferred Tax Liabilities	156.62	171.18	158.38	142.77	166.04	67.58
Total Liabilities	14,433	14,901	20,827	21,763	17,057	15,075
Common Stock	1,472	1,472	1,472	1,472	1,472	1,465
Additional Paid-In Capital	5,443	5,439	5,366	5,185	4,800	3,543
Retained Earnings	44,595	42,885	40,812	35,288	28,244	22,653
Treasury Stock	-12.32	-159.63	-345.7	-616.74	-639.02	-
Comprehensive Income & Other	101.01	143.63	84.24	63.13	330.75	379.91
Total Common Equity	51,599	49,780	47,389	41,391	34,208	28,040
Minority Interest	134.66	113.79	119.51	140.3	120.92	97.01
Shareholders' Equity	51,733	49,894	47,508	41,532	34,329	28,137
Total Liabilities & Equity	66,167	64,795	68,335	63,294	51,385	43,212
Total Debt	6,687	6,717	9,581	11,600	6,287	4,118
Net Cash (Debt)	24,707	22,209	25,692	15,779	12,544	10,102
Net Cash Growth	-7.10%	-13.55%	62.82%	25.78%	24.17%	33.54%
Net Cash Per Share	16.78	15.09	17.51	10.74	8.54	6.90
Filing Date Shares Outstanding	1,472	1,472	1,472	1,472	1,472	1,465
Total Common Shares Outstanding	1,472	1,472	1,472	1,472	1,472	1,465
Working Capital	35,376	34,384	36,579	35,288	22,900	15,628
Book Value Per Share	35.05	33.82	32.19	28.12	23.24	19.14
Tangible Book Value	48,206	46,366	43,971	37,994	31,125	25,434
Tangible Book Value Per Share	32.75	31.50	29.87	25.81	21.15	17.36
Buildings	-	8,035	8,033	7,601	7,584	6,809
Machinery	-	4,826	4,778	4,173	3,918	3,548
Construction In Progress	-	2,065	807.23	1,718	808.92	1,260

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