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 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	Dec '21 Dec 31, 2021
Cash & Equivalents	5,476	6,486	7,454	7,212	6,110	5,078
Short-Term Investments	1,694	448.6	-	-	-	-
Trading Asset Securities	120.37	90.33	20.21	-	-	20.18
Cash & Short-Term Investments	7,291	7,025	7,474	7,212	6,110	5,098
Cash Growth	-6.05%	-6.01%	3.64%	18.03%	19.85%	32.24%
Accounts Receivable	178.61	156.63	230.33	207.55	194.08	192.35
Other Receivables	38.31	16.53	10.49	32.4	4.51	5.99
Receivables	216.92	173.16	240.82	239.96	198.59	198.34
Inventory	3,658	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	287.11	244.93	243.89	233.75	351.15	205.03
Total Current Assets	11,452	11,088	11,905	11,555	10,806	9,418
Property, Plant & Equipment	8,305	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	984.93	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	10.37	10.18	3.44	1.66	2.29	1.43
Other Long-Term Assets	3,324	592.23	375.78	170.67	171.8	134.02
Total Assets	24,780	23,747	23,147	21,231	20,698	19,420
Accounts Payable	1,803	1,397	1,384	1,239	1,658	1,394
Accrued Expenses	151.05	297.82	276.68	209.24	340.73	192.01
Short-Term Debt	406.58	547.32	682.41	540.12	300	-
Current Portion of Long-Term Debt	18.28	0.48	-	-	-	-
Current Portion of Leases	-	18.13	17.69	1.14	21.25	21.21
Current Income Taxes Payable	337.6	64.6	39.72	71.15	38.05	45.04
Current Unearned Revenue	1,188	1,391	1,620	1,384	1,218	1,176
Other Current Liabilities	3,590	3,115	3,107	2,818	2,656	2,548
Total Current Liabilities	7,495	6,831	7,127	6,263	6,232	5,376
Long-Term Debt	9.75	6.4	-	-	-	-
Long-Term Leases	3.32	2.7	21.64	3.19	4.16	20.29
Long-Term Unearned Revenue	159.19	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	0.09	150.11	150.25	150.38	0.73
Total Liabilities	7,667	6,998	7,423	6,454	6,432	5,448
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	4,374	4,597
Retained Earnings	8,618	8,353	7,491	6,717	6,298	6,070
Comprehensive Income & Other	-65	-65	-65	-65	-65	-76.54
Total Common Equity	15,746	15,481	14,619	13,845	13,426	13,409
Minority Interest	1,367	1,268	1,105	931.94	840.18	563.51
Shareholders' Equity	17,113	16,749	15,724	14,777	14,266	13,972
Total Liabilities & Equity	24,780	23,747	23,147	21,231	20,698	19,420
Total Debt	437.94	575.02	721.73	544.45	325.41	41.5
Net Cash (Debt)	6,853	6,450	6,753	6,667	5,785	5,057
Net Cash Growth	-5.33%	-4.48%	1.28%	15.25%	14.40%	31.16%
Net Cash Per Share	2.43	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	3,957	4,257	4,778	5,292	4,574	4,042
Book Value Per Share	5.59	5.49	5.19	4.91	4.76	4.76
Tangible Book Value	14,710	14,437	13,521	12,762	12,451	12,408
Tangible Book Value Per Share	5.22	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

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