Scholar Education Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	472.75	390.68	256.48	298.74	236.04
Short-Term Investments	91.52	10.32	115.5	-	-
Trading Asset Securities	87.15	101.52	101.65	117.3	155.73
Cash & Short-Term Investments	651.42	502.52	473.63	416.03	391.77
Cash Growth	29.63%	6.10%	13.84%	6.19%	-47.17%
Accounts Receivable	-	1.27	4.12	3.82	2.98
Other Receivables	-	34.7	3.68	3.68	0.59
Receivables	-	42.38	11.53	10.95	6.66
Restricted Cash	2.11	1.7	2.97	0.04	0.18
Other Current Assets	58.05	9.44	8.98	5.62	4.77
Total Current Assets	711.58	556.04	497.11	432.63	403.37
Property, Plant & Equipment	584.99	462.58	256.37	173.57	233.76
Long-Term Investments	169.62	147.42	143.77	32.7	24.13
Goodwill	-	9.03	9.03	-	-
Other Intangible Assets	10.44	1.76	2.57	2.45	2.8
Long-Term Deferred Tax Assets	46.43	20.88	23.96	20.26	12.72
Other Long-Term Assets	126.57	126.49	99.38	93.31	83.79
Total Assets	1,650	1,327	1,033	754.93	760.57
Accounts Payable	3.81	3.72	2.97	1.28	1.95
Accrued Expenses	100.59	47.75	77.03	71.07	54.01
Short-Term Debt	70	40	-	-	30
Current Portion of Leases	94.89	83.19	50.9	34.17	32.8
Current Income Taxes Payable	25.62	41.43	29.35	1.64	3.44
Current Unearned Revenue	285.99	241.09	276.32	181.52	176.25
Other Current Liabilities	20.82	23.09	14.2	11.08	24.99
Total Current Liabilities	601.71	480.27	450.75	300.76	323.43
Long-Term Leases	224.32	203.8	124.19	82.76	119.59
Long-Term Deferred Tax Liabilities	20.23	8.51	4.93	-	-
Total Liabilities	846.25	692.58	579.87	383.52	443.02
Common Stock	4.61	3.84	3.78	3.78	3.78
Additional Paid-In Capital	318.32	107.94	82.7	82.7	82.7
Retained Earnings	406.51	484.22	338.58	252.59	198.18
Treasury Stock	-	-2.37	-0.27	-	-
Comprehensive Income & Other	74.44	41.47	30.04	32.34	33.29
Total Common Equity	803.88	635.11	454.83	371.4	317.95
Minority Interest	-0.5	-0.27	-1.48	-	-0.4
Shareholders' Equity	803.38	634.84	453.35	371.4	317.55
Total Liabilities & Equity	1,650	1,327	1,033	754.93	760.57
Total Debt	389.21	326.99	175.09	116.93	182.4
Net Cash (Debt)	262.21	175.53	298.55	299.1	209.37
Net Cash Growth	49.39%	-41.21%	-0.18%	42.86%	147.14%
Net Cash Per Share	0.48	0.31	0.54	0.54	0.38
Filing Date Shares Outstanding	673.78	563.78	555.37	555.7	555.7
Total Common Shares Outstanding	673.78	563.78	555.37	555.7	555.7
Working Capital	109.87	75.77	46.35	131.87	79.94
Book Value Per Share	1.19	1.13	0.82	0.67	0.57
Tangible Book Value	793.43	624.32	443.22	368.95	315.15
Tangible Book Value Per Share	1.18	1.11	0.80	0.66	0.57
Buildings	-	31.94	19.35	19.35	-
Machinery	-	37.37	26.15	20.63	-
Construction In Progress	-	22.94	12.03	-	-
Leasehold Improvements	-	224.94	185.42	168.1	-

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