Offcn Education Technology Co., Ltd. (SHE: 002607)

Offcn Education Technology Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	217.72	378.48	385.33	1,970	5,950	2,725
Short-Term Investments	-	-	-	217.16	2,288	-
Trading Asset Securities	2.89	-	-	346.73	983.21	1,754
Cash & Short-Term Investments	220.61	378.48	385.33	2,534	9,222	4,479
Cash Growth	-81.33%	-1.78%	-84.80%	-72.52%	105.89%	590.44%
Accounts Receivable	32.53	32.32	37.32	40.37	21.49	2.72
Other Receivables	82.81	81.2	193.62	-	-	0.57
Receivables	115.34	113.52	230.94	40.37	21.49	3.29
Prepaid Expenses	-	3.27	4.32	10.26	-	-
Other Current Assets	4.53	0.24	0.8	30.48	179.26	354.03
Total Current Assets	340.47	495.51	621.39	2,615	9,423	4,836
Property, Plant & Equipment	2,432	2,707	3,406	3,407	1,827	1,326
Long-Term Investments	190.82	201.24	197.22	215.37	862.05	2,225
Goodwill	99.87	99.87	99.87	99.87	99.87	99.87
Other Intangible Assets	1,025	1,053	1,162	866.63	426.35	197.51
Long-Term Deferred Tax Assets	447.35	533.21	602.28	424.03	21.61	21.48
Long-Term Deferred Charges	123.92	178.58	285.13	369.13	-	240.57
Other Long-Term Assets	1,868	1,871	1,653	2,307	1,759	1,014
Total Assets	6,528	7,140	8,027	10,305	14,419	9,961
Accounts Payable	225.4	234.03	287.09	282.03	211.82	236.48
Accrued Expenses	347.96	289.65	683.91	487.07	651.67	524.88
Short-Term Debt	563.74	1,016	959.24	3,153	3,976	2,867
Current Portion of Long-Term Debt	478.42	17.69	-	-	-	-
Current Portion of Leases	-	629.63	578.82	531.88	-	-
Current Income Taxes Payable	48.18	2.83	2.16	7.2	119.25	116.03
Current Unearned Revenue	2,744	2,953	3,950	3,064	4,925	-
Other Current Liabilities	83.21	157.47	189.39	162.15	154.88	2,678
Total Current Liabilities	4,491	5,301	6,650	7,687	10,039	6,422
Long-Term Debt	1,073	931.03	-	-	-	-
Long-Term Leases	141.51	247.2	508.75	635.69	-	-
Long-Term Deferred Tax Liabilities	86.99	93.28	88.42	93.71	104.68	106.93
Total Liabilities	5,792	6,573	7,248	8,416	10,144	6,529
Common Stock	103.81	103.81	103.81	103.81	103.81	103.81
Additional Paid-In Capital	1,225	1,225	1,225	1,225	1,225	1,199
Retained Earnings	-597.07	-765.22	-555.79	546.33	2,916	2,092
Comprehensive Income & Other	3.08	3.08	6.38	13.2	30	37.5
Total Common Equity	735.25	567.1	779.87	1,889	4,275	3,432
Minority Interest	-	-	-0.04	-0.04	-0.03	-0.01
Shareholders' Equity	735.25	567.1	779.83	1,889	4,275	3,432
Total Liabilities & Equity	6,528	7,140	8,027	10,305	14,419	9,961
Total Debt	2,257	2,842	2,047	4,321	3,976	2,867
Net Cash (Debt)	-2,036	-2,463	-1,661	-1,786	5,246	1,612
Net Cash Growth	-	-	-	-	225.44%	-
Net Cash Per Share	-0.31	-0.35	-0.27	-0.29	0.84	0.26
Filing Date Shares Outstanding	5,225	6,167	6,167	6,167	6,167	6,167
Total Common Shares Outstanding	5,225	6,167	6,167	6,167	6,167	6,167
Working Capital	-4,150	-4,806	-6,029	-5,072	-616.41	-1,586
Book Value Per Share	0.14	0.09	0.13	0.31	0.69	0.56
Tangible Book Value	-389.58	-585.98	-482.26	922.32	3,749	3,134
Tangible Book Value Per Share	-0.07	-0.10	-0.08	0.15	0.61	0.51
Buildings	-	1,962	2,168	1,798	1,555	613.77
Machinery	-	314.37	327.45	327.25	313.55	271.63
Construction In Progress	-	276.73	323.27	294.79	214.25	653.58

Source: S&P Capital IQ. Standard template. Financial Sources.