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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	232.85	296.33	395.7	441.25	507.08	877.14
Trading Asset Securities	-	-	-	-	-	230.3
Cash & Short-Term Investments	232.85	296.33	395.7	441.25	507.08	1,107
Cash Growth	-11.55%	-25.11%	-10.32%	-12.98%	-54.21%	101.00%
Accounts Receivable	46.2	31.12	5.3	1.56	0.04	0.09
Other Receivables	29.7	30.52	124.19	128.63	174.97	136.82
Receivables	75.9	61.64	129.49	130.19	175.01	136.91
Inventory	0.16	0.12	0.12	0.2	0.21	0.25
Prepaid Expenses	-	-	25.25	0.05	65.26	55.48
Other Current Assets	8.29	0.7	0.68	26.11	6.18	13.69
Total Current Assets	317.21	358.79	551.24	597.8	753.73	1,314
Property, Plant & Equipment	259.91	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	25.07	25.68	27.09	113.04	808.01	826.62
Long-Term Deferred Tax Assets	111.29	108.9	116.27	113.72	120.35	99.33
Long-Term Deferred Charges	191.83	202.49	232.1	257.83	269.32	319.91
Other Long-Term Assets	1,932	1,956	1,889	1,800	180.8	176.82
Total Assets	3,034	3,113	3,110	3,241	3,480	4,114
Accounts Payable	65.15	65.85	48.82	38.44	42.13	120.74
Accrued Expenses	12.53	14.21	15.08	11.19	10.91	18.4
Short-Term Debt	-	-	-	-	-	135.17
Current Portion of Long-Term Debt	100.58	100.72	100.96	48.96	42.09	31.64
Current Portion of Leases	21.16	20.64	4.91	6.46	7.36	25
Current Income Taxes Payable	0.29	6.65	5.69	-	0.01	5.39
Current Unearned Revenue	19.15	37.57	83.5	126.92	21.58	241.59
Other Current Liabilities	3.06	4.56	6.78	10.34	3.52	4.25
Total Current Liabilities	221.93	250.21	265.76	242.3	127.61	582.18
Long-Term Debt	490	540	640	740	990	1,040
Long-Term Leases	154.8	156.66	3.58	10	17.97	12.5
Long-Term Deferred Tax Liabilities	0.4	0.37	-	-	-	-
Total Liabilities	867.13	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	-456.18	-456.54	-419.58	-369.85	-273.36	-152.74
Comprehensive Income & Other	0.33	0.4	0.15	-0.01	-0.94	-0.65
Total Common Equity	2,164	2,164	2,201	2,250	2,346	2,475
Minority Interest	2.3	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	3,034	3,113	3,110	3,241	3,480	4,114
Total Debt	766.55	818.02	749.45	805.42	1,057	1,244
Net Cash (Debt)	-533.7	-521.69	-353.75	-364.17	-550.34	-136.87
Net Cash Per Share	-0.84	-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	95.28	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	99.45	100.49	161.69	1,239	1,251
Machinery	31.72	31.63	31.31	29.57	29.34	53.99

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