Leader Education Balance Sheet

Financials in millions CNY. Fiscal year is September - August.

Millions CNY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Cash & Equivalents	275.84	345.44	270.78	253.09	303.93
Short-Term Investments	8.26	6.05	7.2	3.79	12.63
Cash & Short-Term Investments	284.1	351.49	277.98	256.88	316.56
Cash Growth	-19.17%	26.44%	8.21%	-18.85%	-13.70%
Accounts Receivable	1.06	0.57	-	-	-
Other Receivables	9.02	5.67	2.86	18.07	0.21
Receivables	10.08	6.24	2.86	18.07	0.21
Other Current Assets	12.96	6.06	11.61	8.45	5.05
Total Current Assets	307.14	363.79	292.44	283.4	321.82
Property, Plant & Equipment	2,268	2,138	1,841	1,744	1,590
Long-Term Investments	3.33	2.67	3.38	-	-
Other Intangible Assets	2.14	3.11	3.29	3.04	2.6
Other Long-Term Assets	60.16	35.46	55.34	34.96	83.35
Total Assets	2,640	2,544	2,196	2,065	1,998
Accrued Expenses	19.69	16.05	13.18	10.23	8.99
Short-Term Debt	110.17	102.2	105.45	-	-
Current Portion of Long-Term Debt	88.37	65.72	19.32	47.33	74.01
Current Portion of Leases	148.91	284.69	235.58	179.67	123.76
Current Income Taxes Payable	3.27	0.16	0	0.03	0.02
Current Unearned Revenue	344.68	321.95	292.33	220.35	169.63
Other Current Liabilities	57.29	49.5	51.76	64.62	72.36
Total Current Liabilities	772.37	840.27	717.62	522.23	448.77
Long-Term Debt	958.4	765.98	405.02	498.12	493.64
Long-Term Leases	-	-	161.47	130.44	186.14
Long-Term Unearned Revenue	6.27	9.28	2.81	1.81	2.05
Long-Term Deferred Tax Liabilities	48.55	0.12	-	-	-
Other Long-Term Liabilities	-	-	-	-	18.4
Total Liabilities	1,786	1,616	1,287	1,153	1,149
Common Stock	46.29	46.29	46.29	46.29	46.29
Additional Paid-In Capital	221.78	221.78	221.78	286.01	286.01
Retained Earnings	582.6	656.52	636.56	578.96	522.93
Comprehensive Income & Other	4.18	3.32	4.3	1.5	-6.55
Total Common Equity	854.86	927.92	908.94	912.75	848.68
Minority Interest	-	-0.02	-0.02	-	-
Shareholders' Equity	854.86	927.9	908.92	912.75	848.68
Total Liabilities & Equity	2,640	2,544	2,196	2,065	1,998
Total Debt	1,306	1,219	926.84	855.57	877.55
Net Cash (Debt)	-1,022	-867.1	-648.86	-598.69	-560.98
Net Cash Per Share	-1.53	-1.30	-0.97	-0.90	-0.84
Filing Date Shares Outstanding	666.67	666.67	666.67	666.67	666.67
Total Common Shares Outstanding	666.67	666.67	666.67	666.67	666.67
Working Capital	-465.23	-476.47	-425.18	-238.83	-126.95
Book Value Per Share	1.28	1.39	1.36	1.37	1.27
Tangible Book Value	852.71	924.8	905.65	909.72	846.08
Tangible Book Value Per Share	1.28	1.39	1.36	1.36	1.27
Buildings	1,951	1,914	1,811	1,345	1,225
Machinery	180.47	170.76	156.63	140.02	126.04
Construction In Progress	261.58	158.72	91.73	431.71	425.76

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