Scholar Education Group 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	269.94	390.68	256.48	298.74	236.04	442.59
Short-Term Investments	102.74	10.32	115.5	-	-	-
Trading Asset Securities	117.89	101.52	101.65	117.3	155.73	298.94
Cash & Short-Term Investments	490.57	502.52	473.63	416.03	391.77	741.53
Cash Growth	17.02%	6.10%	13.84%	6.19%	-47.17%	2.36%
Accounts Receivable	1.35	1.27	4.12	3.82	2.98	-
Other Receivables	33.65	34.7	3.68	3.68	0.59	8.14
Receivables	40.95	42.38	11.53	10.95	6.66	11.56
Restricted Cash	2.3	1.7	2.97	0.04	0.18	-
Other Current Assets	28.52	9.44	8.98	5.62	4.77	11.19
Total Current Assets	562.34	556.04	497.11	432.63	403.37	764.28
Property, Plant & Equipment	476.2	462.58	256.37	173.57	233.76	813.76
Long-Term Investments	57.2	147.42	143.77	32.7	24.13	-
Goodwill	9.03	9.03	9.03	-	-	-
Other Intangible Assets	1.59	1.76	2.57	2.45	2.8	2.86
Long-Term Deferred Tax Assets	30.95	20.88	23.96	20.26	12.72	36.06
Other Long-Term Assets	163.06	126.49	99.38	93.31	83.79	50.46
Total Assets	1,300	1,327	1,033	754.93	760.57	1,667
Accounts Payable	1.63	3.72	2.97	1.28	1.95	3.36
Accrued Expenses	36.33	47.75	77.03	71.07	54.01	85.73
Short-Term Debt	12	40	-	-	30	54.4
Current Portion of Leases	93.23	83.19	50.9	34.17	32.8	117.78
Current Income Taxes Payable	39.07	41.43	29.35	1.64	3.44	10.46
Current Unearned Revenue	181.94	241.09	276.32	181.52	176.25	357.04
Other Current Liabilities	10.67	23.09	14.2	11.08	24.99	15.98
Total Current Liabilities	374.88	480.27	450.75	300.76	323.43	644.76
Long-Term Leases	196.76	203.8	124.19	82.76	119.59	484.63
Long-Term Deferred Tax Liabilities	11.53	8.51	4.93	-	-	-
Total Liabilities	583.16	692.58	579.87	383.52	443.02	1,129
Common Stock	3.84	3.84	3.78	3.78	3.78	3.78
Additional Paid-In Capital	107.94	107.94	82.7	82.7	82.7	295.91
Retained Earnings	547.16	484.22	338.58	252.59	198.18	173.04
Treasury Stock	-2.37	-2.37	-0.27	-	-	-
Comprehensive Income & Other	61	41.47	30.04	32.34	33.29	65.31
Total Common Equity	717.57	635.11	454.83	371.4	317.95	538.04
Minority Interest	-0.38	-0.27	-1.48	-	-0.4	-
Shareholders' Equity	717.19	634.84	453.35	371.4	317.55	538.04
Total Liabilities & Equity	1,300	1,327	1,033	754.93	760.57	1,667
Total Debt	301.99	326.99	175.09	116.93	182.4	656.81
Net Cash (Debt)	188.58	175.53	298.55	299.1	209.37	84.72
Net Cash Growth	22.70%	-41.21%	-0.18%	42.86%	147.14%	-58.32%
Net Cash Per Share	0.34	0.31	0.54	0.54	0.38	0.15
Filing Date Shares Outstanding	563.78	563.78	555.37	555.7	555.7	555.7
Total Common Shares Outstanding	563.78	563.78	555.37	555.7	555.7	555.7
Working Capital	187.46	75.77	46.35	131.87	79.94	119.52
Book Value Per Share	1.27	1.13	0.82	0.67	0.57	0.97
Tangible Book Value	706.95	624.32	443.22	368.95	315.15	535.18
Tangible Book Value Per Share	1.25	1.11	0.80	0.66	0.57	0.96
Buildings	-	31.94	19.35	19.35	-	67.75
Machinery	-	37.37	26.15	20.63	-	34.88
Construction In Progress	-	22.94	12.03	-	-	-
Leasehold Improvements	-	224.94	185.42	168.1	-	170.63

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