Kaiyuan Education Technology Group Co., Ltd. (SHE:300338)

SHE:300338 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	176.71	313.93	11.04	20.06	89.72	129.06
Trading Asset Securities	-	-	1.3	0.01	10.01	10
Cash & Short-Term Investments	176.71	313.93	12.34	20.07	99.73	139.06
Cash Growth	3126.06%	2443.99%	-38.51%	-79.88%	-28.28%	-58.48%
Accounts Receivable	32.87	29.03	60.8	33.93	67.61	110.38
Other Receivables	79.98	82.37	135.73	110.53	28.69	127.09
Receivables	112.85	111.39	196.53	144.46	96.3	237.46
Inventory	1.76	1.62	5.13	14.27	5.61	10.48
Prepaid Expenses	-	-	-	-	5.02	-
Other Current Assets	11.42	11.45	10.87	13.67	20.93	46.23
Total Current Assets	302.75	438.39	224.87	192.47	227.6	433.24
Property, Plant & Equipment	46.84	64.39	90.96	84.15	327.34	161.38
Long-Term Investments	19.13	19.13	29.86	85.01	80.97	101.47
Goodwill	52.97	52.97	101.18	279.3	386.13	442.36
Other Intangible Assets	9.93	11.41	21.13	35.29	50.62	97.5
Long-Term Accounts Receivable	-	-	-	36.34	25.38	37.29
Long-Term Deferred Tax Assets	6.23	6.29	13.88	86.07	106.65	65.38
Long-Term Deferred Charges	8.87	10.84	14.71	16.66	60.36	92.37
Other Long-Term Assets	1.32	1.8	27.48	48.49	3.71	2.69
Total Assets	448.02	605.22	524.09	863.77	1,269	1,434
Accounts Payable	52.73	66.78	100.99	148.89	196.47	203.12
Accrued Expenses	9.65	30.94	31.35	39.79	47.95	52.2
Short-Term Debt	-	211.68	152.89	71.65	49.06	71.08
Current Portion of Long-Term Debt	-	-	8.44	8.45	8.47	-
Current Portion of Leases	5.72	7.32	9.22	4.57	91.47	-
Current Income Taxes Payable	2.33	0.01	0.36	1.61	1.89	1.76
Current Unearned Revenue	82.54	91.35	130.95	295.21	603.34	453.32
Other Current Liabilities	310.79	143.48	144.81	155.46	39.25	136.5
Total Current Liabilities	463.75	551.56	579	725.63	1,038	917.97
Long-Term Debt	-	-	24.46	32.84	41.23	-
Long-Term Leases	21.41	25.47	30.94	22.57	157.04	-
Long-Term Unearned Revenue	-	1.85	2.35	-	-	11.25
Long-Term Deferred Tax Liabilities	0.01	0.07	0.07	-	-	-
Other Long-Term Liabilities	0.07	0.07	1.03	0.29	-	-
Total Liabilities	485.23	579	637.85	781.33	1,236	929.22
Common Stock	402.62	402.62	402.67	386.67	339.62	341.18
Additional Paid-In Capital	1,514	1,515	1,233	1,179	1,115	1,125
Retained Earnings	-1,855	-1,791	-1,649	-1,374	-1,408	-947.67
Treasury Stock	-84.51	-84.51	-84.6	-95.51	-	-14.06
Comprehensive Income & Other	-16.43	-16.43	-16.24	-13.59	-14.48	-0.68
Total Common Equity	-38.67	25.83	-114.72	82.25	32.34	504.05
Minority Interest	1.46	0.39	0.96	0.18	0.25	0.4
Shareholders' Equity	-37.21	26.22	-113.76	82.44	32.59	504.45
Total Liabilities & Equity	448.02	605.22	524.09	863.77	1,269	1,434
Total Debt	27.12	244.46	225.95	140.07	347.28	71.08
Net Cash (Debt)	149.58	69.47	-213.61	-120	-247.55	67.98
Net Cash Growth	-	-	-	-	-	-65.59%
Net Cash Per Share	0.37	0.17	-0.57	-0.36	-0.73	0.20
Filing Date Shares Outstanding	402.63	407.48	322.49	339.62	339.62	341.18
Total Common Shares Outstanding	402.63	407.48	322.49	339.62	339.62	341.18
Working Capital	-161.01	-113.16	-354.13	-533.16	-810.3	-484.73
Book Value Per Share	-0.10	0.06	-0.36	0.24	0.10	1.48
Tangible Book Value	-101.57	-38.55	-237.03	-232.34	-404.41	-35.81
Tangible Book Value Per Share	-0.25	-0.09	-0.74	-0.68	-1.19	-0.10
Buildings	-	24.07	24.07	24.07	24.28	126.27
Machinery	-	76.25	127.96	134.66	150.59	161.85
Construction In Progress	-	-	0.04	-	-	-

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