Beijing Yanjing Brewery 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9,077	7,454	7,212	6,110	5,078	3,855
Trading Asset Securities	80	20.21	-	-	20.18	-
Cash & Short-Term Investments	9,157	7,474	7,212	6,110	5,098	3,855
Cash Growth	-15.82%	3.64%	18.03%	19.85%	32.24%	39.20%
Accounts Receivable	194.39	230.33	207.55	194.08	192.35	190.5
Other Receivables	34.33	10.49	32.4	4.51	5.99	21.36
Receivables	228.72	240.82	239.96	198.59	198.34	211.86
Inventory	3,755	3,946	3,864	4,141	3,911	3,828
Prepaid Expenses	-	0.01	5.78	5.15	5.17	3.56
Other Current Assets	188.85	243.89	233.75	351.15	205.03	184.3
Total Current Assets	13,330	11,905	11,555	10,806	9,418	8,083
Property, Plant & Equipment	8,238	7,782	7,769	8,132	8,529	8,928
Long-Term Investments	580.31	1,897	576	573.48	310.57	295.47
Goodwill	81.01	81.01	81.01	81.01	123.38	164.72
Other Intangible Assets	977.32	1,017	1,002	894.18	877.97	905.88
Long-Term Deferred Tax Assets	85.78	85.78	75.27	36.88	25.82	23.37
Long-Term Deferred Charges	10.64	3.44	1.66	2.29	1.43	1.83
Other Long-Term Assets	2,021	375.78	170.67	171.8	134.02	89.99
Total Assets	25,323	23,147	21,231	20,698	19,420	18,492
Accounts Payable	2,010	1,384	1,239	1,658	1,394	1,016
Accrued Expenses	84.72	276.68	209.24	340.73	192.01	244.36
Short-Term Debt	138	682.41	540.12	300	-	-
Current Portion of Leases	18.56	17.69	1.14	21.25	21.21	-
Current Income Taxes Payable	433.29	39.72	71.15	38.05	45.04	58.21
Current Unearned Revenue	1,121	1,620	1,384	1,218	1,176	999.09
Other Current Liabilities	4,211	3,107	2,818	2,656	2,548	2,231
Total Current Liabilities	8,017	7,127	6,263	6,232	5,376	4,549
Long-Term Debt	4.88	-	-	-	-	-
Long-Term Leases	12.5	21.64	3.19	4.16	20.29	-
Long-Term Unearned Revenue	135.76	116.13	35.11	40.15	45.94	57.84
Long-Term Deferred Tax Liabilities	7.87	7.87	2.48	5.35	4.41	4.59
Other Long-Term Liabilities	65.11	150.11	150.25	150.38	0.73	0.29
Total Liabilities	8,243	7,423	6,454	6,432	5,448	4,612
Common Stock	2,819	2,819	2,819	2,819	2,819	2,819
Additional Paid-In Capital	4,374	4,374	4,374	4,374	4,597	4,597
Retained Earnings	8,726	7,491	6,717	6,298	6,070	5,902
Comprehensive Income & Other	-65	-65	-65	-65	-76.54	-74.27
Total Common Equity	15,854	14,619	13,845	13,426	13,409	13,244
Minority Interest	1,226	1,105	931.94	840.18	563.51	636.74
Shareholders' Equity	17,080	15,724	14,777	14,266	13,972	13,880
Total Liabilities & Equity	25,323	23,147	21,231	20,698	19,420	18,492
Total Debt	173.94	721.73	544.45	325.41	41.5	-
Net Cash (Debt)	8,983	6,753	6,667	5,785	5,057	3,855
Net Cash Growth	-1.13%	1.28%	15.25%	14.40%	31.16%	41.76%
Net Cash Per Share	3.19	2.40	2.37	2.05	1.80	1.37
Filing Date Shares Outstanding	2,819	2,819	2,819	2,819	2,819	2,819
Total Common Shares Outstanding	2,819	2,819	2,819	2,819	2,819	2,819
Working Capital	5,312	4,778	5,292	4,574	4,042	3,534
Book Value Per Share	5.62	5.19	4.91	4.76	4.76	4.70
Tangible Book Value	14,796	13,521	12,762	12,451	12,408	12,173
Tangible Book Value Per Share	5.25	4.80	4.53	4.42	4.40	4.32
Buildings	-	8,950	8,856	8,813	8,856	8,795
Machinery	-	11,560	12,391	12,388	12,475	12,379
Construction In Progress	-	348.3	101.25	58.01	43.23	82.46

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