Jiuzhitang 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	301.56	592.88	672.71	1,089	808.08	794.78
Trading Asset Securities	648	300	231.2	-	-	301.39
Cash & Short-Term Investments	949.56	892.88	903.92	1,089	808.08	1,096
Cash Growth	87.16%	-1.22%	-17.02%	34.81%	-26.28%	28.81%
Accounts Receivable	807.55	823.55	979.07	920.96	1,096	945.7
Other Receivables	5.14	2.89	41.56	47.06	9.46	9.51
Receivables	812.69	826.45	1,021	968.01	1,106	955.21
Inventory	852.55	1,062	961.92	749.17	809.99	657.46
Other Current Assets	76.66	79.24	32.88	34.82	38.52	56.86
Total Current Assets	2,691	2,860	2,919	2,841	2,762	2,766
Property, Plant & Equipment	1,226	1,271	1,169	1,234	1,301	1,108
Long-Term Investments	438.74	428.09	651.52	609.66	522.34	541.18
Goodwill	201.71	201.71	135.27	135.27	141.03	141.03
Other Intangible Assets	261.94	273.73	268.59	284.34	318.12	328.38
Long-Term Deferred Tax Assets	128.04	125.94	122.99	112.09	97.53	84.69
Long-Term Deferred Charges	12.39	8.95	8.32	7.77	30.51	35.17
Other Long-Term Assets	37.75	41.25	54.88	59.58	92.94	67.84
Total Assets	4,998	5,211	5,330	5,284	5,266	5,072
Accounts Payable	51.02	59.12	93.76	145.67	191.48	155.96
Accrued Expenses	37.48	771.5	840.81	712.2	681.31	93.51
Short-Term Debt	27.16	43.86	114.85	63.96	-	101.93
Current Portion of Leases	4.68	1.51	6.01	13.46	47.09	-
Current Income Taxes Payable	37.7	6.61	19.18	26.84	38.48	45.51
Current Unearned Revenue	63.91	53.12	41.33	78.37	83.97	68.94
Other Current Liabilities	790.02	203.84	172.99	164.69	123.52	609.94
Total Current Liabilities	1,012	1,140	1,289	1,205	1,166	1,076
Long-Term Leases	9.34	7.64	8.99	9.17	58.96	-
Long-Term Unearned Revenue	32.47	33.91	40.31	40.03	48.3	51.04
Long-Term Deferred Tax Liabilities	48.06	46.28	41.49	43.57	16.03	17.53
Other Long-Term Liabilities	36.12	36.12	2.75	6.19	6.17	1.73
Total Liabilities	1,138	1,264	1,382	1,304	1,295	1,146
Common Stock	855.94	855.94	855.94	855.94	869.35	869.35
Additional Paid-In Capital	1,548	1,548	1,549	-	1,684	1,763
Retained Earnings	1,323	1,425	1,547	1,592	1,578	1,650
Treasury Stock	-76.21	-76.21	-	-	-162.47	-356.28
Comprehensive Income & Other	-	-	-	1,535	0.3	-2.85
Total Common Equity	3,651	3,753	3,952	3,983	3,969	3,923
Minority Interest	209.23	194.72	-4.96	-3.56	1.05	2.91
Shareholders' Equity	3,860	3,948	3,947	3,980	3,970	3,925
Total Liabilities & Equity	4,998	5,211	5,330	5,284	5,266	5,072
Total Debt	41.18	53.01	129.85	86.6	106.04	101.93
Net Cash (Debt)	908.37	839.87	774.06	1,003	702.04	994.24
Net Cash Growth	145.94%	8.50%	-22.81%	42.83%	-29.39%	16.83%
Net Cash Per Share	1.07	0.99	0.90	1.17	0.82	1.18
Filing Date Shares Outstanding	846.28	846.28	855.94	855.94	855.94	855.94
Total Common Shares Outstanding	846.28	846.28	855.94	855.94	855.94	855.94
Working Capital	1,679	1,721	1,630	1,636	1,597	1,690
Book Value Per Share	4.31	4.43	4.62	4.65	4.64	4.58
Tangible Book Value	3,187	3,278	3,548	3,564	3,510	3,453
Tangible Book Value Per Share	3.77	3.87	4.15	4.16	4.10	4.03
Buildings	-	1,496	1,305	1,299	1,083	1,077
Machinery	-	895.78	742.33	728.03	695.54	675.86
Construction In Progress	-	0.21	11.55	0.15	143.1	17.45

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.