Jiuzhitang 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	580.26	406.21	592.88	672.71	1,089	808.08
Trading Asset Securities	450.51	505.41	300	231.2	-	-
Cash & Short-Term Investments	1,031	911.61	892.88	903.92	1,089	808.08
Cash Growth	9.05%	2.10%	-1.22%	-17.02%	34.81%	-26.28%
Accounts Receivable	1,150	858.17	823.55	979.07	920.96	1,096
Other Receivables	5.39	4.29	2.89	41.56	47.06	9.46
Receivables	1,156	862.47	826.45	1,021	968.01	1,106
Inventory	839.51	949.96	1,062	961.92	749.17	809.99
Other Current Assets	108.88	88.79	79.24	32.88	34.82	38.52
Total Current Assets	3,135	2,813	2,860	2,919	2,841	2,762
Property, Plant & Equipment	1,274	1,292	1,271	1,169	1,234	1,301
Long-Term Investments	459.54	452.68	428.09	651.52	609.66	522.34
Goodwill	340.58	340.58	201.71	135.27	135.27	141.03
Other Intangible Assets	347.38	353.33	273.73	268.59	284.34	318.12
Long-Term Deferred Tax Assets	125.9	136.54	125.94	122.99	112.09	97.53
Long-Term Deferred Charges	11.58	12.04	8.95	8.32	7.77	30.51
Other Long-Term Assets	38.24	35.93	41.25	54.88	59.58	92.94
Total Assets	5,732	5,436	5,211	5,330	5,284	5,266
Accounts Payable	145.49	128.4	59.12	93.76	145.67	191.48
Accrued Expenses	37.93	652.99	771.5	840.81	712.2	681.31
Short-Term Debt	62.7	55.57	43.86	114.85	63.96	-
Current Portion of Leases	6.84	6.78	1.51	6.01	13.46	47.09
Current Income Taxes Payable	80.05	20.97	6.61	19.18	26.84	38.48
Current Unearned Revenue	114.13	129.9	53.12	41.33	78.37	83.97
Other Current Liabilities	856.77	189.08	203.84	172.99	164.69	123.52
Total Current Liabilities	1,304	1,184	1,140	1,289	1,205	1,166
Long-Term Debt	12.16	12.32	-	-	-	-
Long-Term Leases	9.17	9.22	7.64	8.99	9.17	58.96
Long-Term Unearned Revenue	31.16	31.6	33.91	40.31	40.03	48.3
Long-Term Deferred Tax Liabilities	55.89	59.41	46.28	41.49	43.57	16.03
Other Long-Term Liabilities	26.13	26.13	36.12	2.75	6.19	6.17
Total Liabilities	1,438	1,322	1,264	1,382	1,304	1,295
Common Stock	855.94	855.94	855.94	855.94	855.94	869.35
Additional Paid-In Capital	1,548	1,548	1,548	1,549	-	1,684
Retained Earnings	1,538	1,394	1,425	1,547	1,592	1,578
Treasury Stock	-76.21	-76.21	-76.21	-	-	-162.47
Comprehensive Income & Other	-	-	-	-	1,535	0.3
Total Common Equity	3,866	3,722	3,753	3,952	3,983	3,969
Minority Interest	427.53	391.83	194.72	-4.96	-3.56	1.05
Shareholders' Equity	4,294	4,114	3,948	3,947	3,980	3,970
Total Liabilities & Equity	5,732	5,436	5,211	5,330	5,284	5,266
Total Debt	90.87	83.89	53.01	129.85	86.6	106.04
Net Cash (Debt)	939.9	827.72	839.87	774.06	1,003	702.04
Net Cash Growth	4.35%	-1.45%	8.50%	-22.81%	42.83%	-29.39%
Net Cash Per Share	1.11	0.98	0.99	0.90	1.17	0.82
Filing Date Shares Outstanding	846.28	846.28	846.28	855.94	855.94	855.94
Total Common Shares Outstanding	846.28	846.28	846.28	855.94	855.94	855.94
Working Capital	1,831	1,629	1,721	1,630	1,636	1,597
Book Value Per Share	4.57	4.40	4.43	4.62	4.65	4.64
Tangible Book Value	3,178	3,028	3,278	3,548	3,564	3,510
Tangible Book Value Per Share	3.76	3.58	3.87	4.15	4.16	4.10
Buildings	-	1,542	1,496	1,305	1,299	1,083
Machinery	-	905.13	844.82	742.33	728.03	695.54
Construction In Progress	-	3.42	0.21	11.55	0.15	143.1

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