Beijing Yanjing Brewery Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	6,279	6,486	7,454	7,212	6,110	5,078
Short-Term Investments	-	448.6	-	-	-	-
Trading Asset Securities	423.83	90.33	20.21	-	-	20.18
Cash & Short-Term Investments	6,703	7,025	7,474	7,212	6,110	5,098
Cash Growth	-26.80%	-6.01%	3.64%	18.03%	19.85%	32.24%
Accounts Receivable	201.46	156.63	230.33	207.55	194.08	192.35
Other Receivables	38.18	16.53	10.49	32.4	4.51	5.99
Receivables	239.64	173.16	240.82	239.96	198.59	198.34
Inventory	3,402	3,644	3,946	3,864	4,141	3,911
Prepaid Expenses	-	0.12	0.01	5.78	5.15	5.17
Other Current Assets	1,532	244.93	243.89	233.75	351.15	205.03
Total Current Assets	11,876	11,088	11,905	11,555	10,806	9,418
Property, Plant & Equipment	9,229	8,140	7,782	7,769	8,132	8,529
Long-Term Investments	577	2,797	1,897	576	573.48	310.57
Goodwill	50.46	50.46	81.01	81.01	81.01	123.38
Other Intangible Assets	1,019	993.5	1,017	1,002	894.18	877.97
Long-Term Deferred Tax Assets	75.88	75.88	85.78	75.27	36.88	25.82
Long-Term Deferred Charges	8.4	10.18	3.44	1.66	2.29	1.43
Other Long-Term Assets	3,814	592.23	375.78	170.67	171.8	134.02
Total Assets	26,649	23,747	23,147	21,231	20,698	19,420

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Accounts Payable	2,469	1,397	1,384	1,239	1,658	1,394
Accrued Expenses	585.77	297.82	276.68	209.24	340.73	192.01
Short-Term Debt	464.32	547.32	682.41	540.12	300	-
Current Portion of Long-Term Debt	-	0.48	-	-	-	-
Current Portion of Leases	-	18.13	17.69	1.14	21.25	21.21
Current Income Taxes Payable	-	64.6	39.72	71.15	38.05	45.04
Current Unearned Revenue	1,041	1,391	1,620	1,384	1,218	1,176
Other Current Liabilities	3,310	3,115	3,107	2,818	2,656	2,548
Total Current Liabilities	7,869	6,831	7,127	6,263	6,232	5,376
Long-Term Debt	8.7	6.4	-	-	-	-
Long-Term Leases	56.34	2.7	21.64	3.19	4.16	20.29
Long-Term Unearned Revenue	163.84	158.53	116.13	35.11	40.15	45.94
Long-Term Deferred Tax Liabilities	0.05	0.05	7.87	2.48	5.35	4.41
Other Long-Term Liabilities	-	0.09	150.11	150.25	150.38	0.73
Total Liabilities	8,098	6,998	7,423	6,454	6,432	5,448

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
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
Retained Earnings	9,924	8,353	7,491	6,717	6,298	6,070
Comprehensive Income & Other	4,309	-65	-65	-65	-65	-76.54
Total Common Equity	17,052	15,481	14,619	13,845	13,426	13,409
Minority Interest	1,499	1,268	1,105	931.94	840.18	563.51
Shareholders' Equity	18,551	16,749	15,724	14,777	14,266	13,972
Total Liabilities & Equity	26,649	23,747	23,147	21,231	20,698	19,420

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Total Debt	529.36	575.02	721.73	544.45	325.41	41.5
Net Cash (Debt)	6,174	6,450	6,753	6,667	5,785	5,057
Net Cash Growth	-31.27%	-4.48%	1.28%	15.25%	14.40%	31.16%
Net Cash Per Share	2.19	2.29	2.40	2.37	2.05	1.80
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	4,007	4,257	4,778	5,292	4,574	4,042
Book Value Per Share	6.05	5.49	5.19	4.91	4.76	4.76
Tangible Book Value	15,983	14,437	13,521	12,762	12,451	12,408
Tangible Book Value Per Share	5.67	5.12	4.80	4.53	4.42	4.40
Buildings	-	9,034	8,950	8,856	8,813	8,856
Machinery	-	11,674	11,560	12,391	12,388	12,475
Construction In Progress	-	600.62	348.3	101.25	58.01	43.23