Beijing Kaiwen Education Technology Co., Ltd (SHE:002659)

SHE:002659 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	224.65	296.33	395.7	441.25	507.08	877.14
Trading Asset Securities	-	-	-	-	-	230.3
Cash & Short-Term Investments	224.65	296.33	395.7	441.25	507.08	1,107
Cash Growth	-15.35%	-25.11%	-10.32%	-12.98%	-54.21%	101.00%
Accounts Receivable	25.75	31.12	5.3	1.56	0.04	0.09
Other Receivables	29.07	30.52	124.19	128.63	174.97	136.82
Receivables	54.81	61.64	129.49	130.19	175.01	136.91
Inventory	0.26	0.12	0.12	0.2	0.21	0.25
Prepaid Expenses	-	-	25.25	0.05	65.26	55.48
Other Current Assets	9.81	0.7	0.68	26.11	6.18	13.69
Total Current Assets	289.53	358.79	551.24	597.8	753.73	1,314
Property, Plant & Equipment	252.46	264.56	97.97	161.81	1,151	1,181
Goodwill	196.7	196.7	196.7	196.7	196.7	196.7
Other Intangible Assets	24.83	25.68	27.09	113.04	808.01	826.62
Long-Term Deferred Tax Assets	113.35	108.9	116.27	113.72	120.35	99.33
Long-Term Deferred Charges	197.53	202.49	232.1	257.83	269.32	319.91
Other Long-Term Assets	1,938	1,956	1,889	1,800	180.8	176.82
Total Assets	3,012	3,113	3,110	3,241	3,480	4,114
Accounts Payable	67.24	65.85	48.82	38.44	42.13	120.74
Accrued Expenses	5.05	14.21	15.08	11.19	10.91	18.4
Short-Term Debt	-	-	-	-	-	135.17
Current Portion of Long-Term Debt	134.29	100.72	100.96	48.96	42.09	31.64
Current Portion of Leases	-	20.64	4.91	6.46	7.36	25
Current Income Taxes Payable	5.53	6.65	5.69	-	0.01	5.39
Current Unearned Revenue	46.59	37.57	83.5	126.92	21.58	241.59
Other Current Liabilities	4.04	4.56	6.78	10.34	3.52	4.25
Total Current Liabilities	262.75	250.21	265.76	242.3	127.61	582.18
Long-Term Debt	440	540	640	740	990	1,040
Long-Term Leases	142.45	156.66	3.58	10	17.97	12.5
Long-Term Deferred Tax Liabilities	0.04	0.37	-	-	-	-
Total Liabilities	845.23	947.24	909.33	992.3	1,136	1,635
Common Stock	598.28	598.28	598.28	598.28	598.28	598.28
Additional Paid-In Capital	2,022	2,022	2,022	2,022	2,022	2,031
Retained Earnings	-455.96	-456.54	-419.58	-369.85	-273.36	-152.74
Comprehensive Income & Other	0.34	0.4	0.15	-0.01	-0.94	-0.65
Total Common Equity	2,165	2,164	2,201	2,250	2,346	2,475
Minority Interest	2.54	1.89	-0.32	-1.58	-1.68	4.33
Shareholders' Equity	2,167	2,166	2,201	2,249	2,344	2,480
Total Liabilities & Equity	3,012	3,113	3,110	3,241	3,480	4,114
Total Debt	716.74	818.02	749.45	805.42	1,057	1,244
Net Cash (Debt)	-492.09	-521.69	-353.75	-364.17	-550.34	-136.87
Net Cash Per Share	-0.94	-0.85	-0.57	-0.60	-0.91	-0.25
Filing Date Shares Outstanding	598.28	598.28	598.28	598.28	598.28	598.28
Total Common Shares Outstanding	598.28	598.28	598.28	598.28	598.28	598.28
Working Capital	26.78	108.58	285.48	355.5	626.13	731.6
Book Value Per Share	3.62	3.62	3.68	3.76	3.92	4.14
Tangible Book Value	1,943	1,942	1,977	1,941	1,341	1,452
Tangible Book Value Per Share	3.25	3.25	3.30	3.24	2.24	2.43
Buildings	-	99.45	100.49	161.69	1,239	1,251
Machinery	-	31.63	31.31	29.57	29.34	53.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.