Here Group Balance Sheet

Financials in millions CNY. Fiscal year is July - June.

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	167.15	830.16	779.93	764.28	266.43	25.1
Short-Term Investments	561.08	210.05	251.3	169.8	137.42	7.65
Trading Asset Securities	-	-	-	-	-	29.63
Cash & Short-Term Investments	728.23	1,040	1,031	934.08	403.85	62.38
Cash Growth	-39.92%	0.87%	10.40%	131.30%	547.38%	-
Accounts Receivable	61.47	47.47	21.16	41.37	24.95	99.13
Other Receivables	-	101.5	164.57	22.53	11.46	13.47
Receivables	61.47	148.97	185.74	63.9	58.79	115.05
Inventory	111.83	27.99	7.32	13.54	-	-
Prepaid Expenses	-	53.46	88.29	91.11	100.41	87.33
Restricted Cash	1.04	21.07	0.16	-	-	-
Other Current Assets	165.06	21.05	16.62	5.99	0.9	10.13
Total Current Assets	1,068	1,313	1,329	1,109	563.95	274.89
Property, Plant & Equipment	44.61	31.19	65.46	91.42	29.09	14.09
Long-Term Investments	25.94	59.07	9.01	-	-	-
Goodwill	187.6	187.6	-	-	-	-
Other Intangible Assets	65.27	65.94	-	-	-	33.33
Long-Term Deferred Tax Assets	-	-	0.85	2.08	-	-
Other Long-Term Assets	47.26	4.98	21.36	21.3	10.43	7.91
Total Assets	1,438	1,662	1,426	1,223	603.47	330.23
Accounts Payable	79.38	48.69	62.07	62.09	45.18	74.46
Accrued Expenses	65.72	125.33	169.73	170.24	107.65	68.74
Short-Term Debt	3.3	11.1	-	-	-	-
Current Portion of Leases	10.59	16.43	49.1	41.09	16.33	7.13
Current Income Taxes Payable	71.9	31.44	20.4	8.79	7.3	2.3
Current Unearned Revenue	2.49	238.09	385.23	517.21	384.73	267.73
Other Current Liabilities	7.34	142.93	183.03	145.32	152.04	152.91
Total Current Liabilities	240.72	614.01	869.56	944.75	713.22	573.26
Long-Term Leases	14.29	7.02	16.99	52.84	6.57	1.94
Long-Term Unearned Revenue	-	35.49	11.37	0.01	8.87	26.36
Long-Term Deferred Tax Liabilities	104.03	72.04	11.63	-	-	8.17
Total Liabilities	359.04	728.56	909.54	997.6	728.65	609.73
Common Stock	0.12	0.12	0.12	0.11	0.03	-
Additional Paid-In Capital	882.74	1,067	1,192	1,171	69.93	-
Retained Earnings	40.77	-225.43	-584.16	-969.69	-861.15	-
Treasury Stock	-79.89	-49.05	-109.26	-	-	-
Comprehensive Income & Other	14.16	16.51	17.31	22.18	1.84	-279.51
Total Common Equity	857.9	809	516.48	223.7	-789.35	-279.51
Minority Interest	221.37	123.97	-	2.14	-	-
Shareholders' Equity	1,079	932.96	516.48	225.83	-125.19	-279.51
Total Liabilities & Equity	1,438	1,662	1,426	1,223	603.47	330.23
Total Debt	28.19	34.54	66.09	93.93	22.9	9.07
Net Cash (Debt)	700.05	1,006	965.14	840.15	380.95	53.31
Net Cash Growth	-39.89%	4.20%	14.88%	120.54%	614.57%	-
Net Cash Per Share	12.71	18.26	17.03	24.25	23.20	3.88
Filing Date Shares Outstanding	54.36	54.38	51.11	56.48	18.21	13.74
Total Common Shares Outstanding	54.36	54.66	51.21	55.21	18.21	13.74
Working Capital	826.91	698.74	459.79	163.88	-149.27	-298.38
Book Value Per Share	15.78	14.80	10.09	4.05	-43.34	-20.35
Tangible Book Value	605.03	555.46	516.48	223.7	-789.35	-312.84
Tangible Book Value Per Share	11.13	10.16	10.09	4.05	-43.34	-22.78
Machinery	-	17.43	7.32	6.35	4.77	2.9
Leasehold Improvements	-	7.79	8.03	5.42	5.89	3.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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