Wuliangye Yibin 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	124,259	127,014	127,399	115,456	92,358	82,336
Cash & Short-Term Investments	124,259	127,014	127,399	115,456	92,358	82,336
Cash Growth	-10.32%	-0.30%	10.34%	25.01%	12.17%	20.71%
Accounts Receivable	198.06	9,444	19,614	14,129	29,060	25,565
Other Receivables	20,778	199.36	347.39	39.62	30.9	26.29
Receivables	20,976	9,644	19,961	14,169	29,091	25,591
Inventory	20,140	20,065	18,234	17,388	15,981	14,015
Other Current Assets	7,788	8,028	189.25	169.43	135.98	195.65
Total Current Assets	173,162	164,752	165,783	147,182	137,566	122,138
Property, Plant & Equipment	15,356	15,079	13,853	10,938	9,465	8,952
Long-Term Investments	2,231	2,235	2,083	2,022	1,988	1,912
Goodwill	1.62	1.62	1.62	1.62	1.62	1.62
Other Intangible Assets	2,639	2,674	2,671	2,057	518.52	556.4
Long-Term Deferred Tax Assets	4,859	4,813	3,397	2,243	2,140	1,684
Long-Term Deferred Charges	110.3	121.71	141.76	163.12	158.59	155.51
Other Long-Term Assets	279.92	308.07	320.87	826.57	974.27	221.41
Total Assets	198,638	189,984	188,252	165,433	152,812	135,621
Accounts Payable	9,900	9,887	9,493	9,597	8,135	6,276
Accrued Expenses	3,633	8,520	12,934	10,788	8,608	7,905
Current Portion of Leases	338.92	364.15	408.68	14.51	375.68	360.03
Current Income Taxes Payable	2,809	395.44	3,323	2,936	3,017	2,816
Current Unearned Revenue	14,138	13,460	11,690	6,864	12,379	13,059
Other Current Liabilities	36,833	34,726	13,178	2,483	3,244	3,200
Total Current Liabilities	67,653	67,352	51,027	32,683	35,759	33,616
Long-Term Leases	102.18	44.38	393.92	115.72	16.98	355.34
Long-Term Unearned Revenue	311.3	307.24	242.98	253.04	254.42	257.99
Long-Term Deferred Tax Liabilities	92.71	100.15	194.02	31.7	94.36	-
Total Liabilities	68,159	67,804	51,857	33,084	36,125	34,229
Common Stock	3,882	3,882	3,882	3,882	3,882	3,882
Additional Paid-In Capital	2,685	2,683	2,683	2,683	2,683	2,683
Retained Earnings	121,430	113,368	126,721	122,994	107,464	92,504
Total Common Equity	127,997	119,932	133,285	129,558	114,028	99,068
Minority Interest	2,482	2,248	3,110	2,791	2,659	2,323
Shareholders' Equity	130,479	122,181	136,395	132,349	116,687	101,392
Total Liabilities & Equity	198,638	189,984	188,252	165,433	152,812	135,621
Total Debt	441.1	408.53	802.6	130.24	392.66	715.37
Net Cash (Debt)	123,818	126,606	126,596	115,326	91,966	81,621
Net Cash Growth	-10.17%	0.01%	9.77%	25.40%	12.68%	19.66%
Net Cash Per Share	31.90	32.62	32.61	29.71	23.69	21.03
Filing Date Shares Outstanding	3,882	3,882	3,882	3,882	3,882	3,882
Total Common Shares Outstanding	3,882	3,882	3,882	3,882	3,882	3,882
Working Capital	105,509	97,400	114,757	114,499	101,807	88,522
Book Value Per Share	32.98	30.90	34.34	33.38	29.38	25.52
Tangible Book Value	125,356	117,256	130,612	127,500	113,508	98,510
Tangible Book Value Per Share	32.29	30.21	33.65	32.85	29.24	25.38
Buildings	-	11,061	10,312	8,599	8,657	8,796
Machinery	-	6,323	6,479	5,876	5,852	6,101
Construction In Progress	-	7,034	5,795	5,623	3,773	2,646

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