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	Sep '25 Sep 30, 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	731.82	830.16	779.93	764.28	266.43	25.1
Short-Term Investments	56.58	210.05	251.3	169.8	137.42	7.65
Trading Asset Securities	-	-	-	-	-	29.63
Cash & Short-Term Investments	788.41	1,040	1,031	934.08	403.85	62.38
Cash Growth	-33.94%	0.87%	10.40%	131.30%	547.38%	-
Accounts Receivable	69.7	47.47	21.16	41.37	24.95	99.13
Other Receivables	-	101.5	164.57	22.53	11.46	13.47
Receivables	69.7	148.97	185.74	63.9	58.79	115.05
Inventory	48.41	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	166.35	21.05	16.62	5.99	0.9	10.13
Total Current Assets	1,074	1,313	1,329	1,109	563.95	274.89
Property, Plant & Equipment	22.46	31.19	65.46	91.42	29.09	14.09
Long-Term Investments	35.74	59.07	9.01	-	-	-
Goodwill	187.6	187.6	-	-	-	-
Other Intangible Assets	68.03	65.94	-	-	-	33.33
Long-Term Deferred Tax Assets	0.56	-	0.85	2.08	-	-
Other Long-Term Assets	57.46	4.98	21.36	21.3	10.43	7.91
Total Assets	1,446	1,662	1,426	1,223	603.47	330.23
Accounts Payable	44.99	48.69	62.07	62.09	45.18	74.46
Accrued Expenses	83.39	125.33	169.73	170.24	107.65	68.74
Short-Term Debt	10.2	11.1	-	-	-	-
Current Portion of Leases	10.37	16.43	49.1	41.09	16.33	7.13
Current Income Taxes Payable	72.42	31.44	20.4	8.79	7.3	2.3
Current Unearned Revenue	4.7	238.09	385.23	517.21	384.73	267.73
Other Current Liabilities	-	142.93	183.03	145.32	152.04	152.91
Total Current Liabilities	226.06	614.01	869.56	944.75	713.22	573.26
Long-Term Leases	2.87	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	106.22	72.04	11.63	-	-	8.17
Total Liabilities	335.14	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	875.05	1,067	1,192	1,171	69.93	-
Retained Earnings	66.18	-225.43	-584.16	-969.69	-861.15	-
Treasury Stock	-67.52	-49.05	-109.26	-	-	-
Comprehensive Income & Other	15.42	16.51	17.31	22.18	1.84	-279.51
Total Common Equity	889.25	809	516.48	223.7	-789.35	-279.51
Minority Interest	221.37	123.97	-	2.14	-	-
Shareholders' Equity	1,111	932.96	516.48	225.83	-125.19	-279.51
Total Liabilities & Equity	1,446	1,662	1,426	1,223	603.47	330.23
Total Debt	23.43	34.54	66.09	93.93	22.9	9.07
Net Cash (Debt)	764.97	1,006	965.14	840.15	380.95	53.31
Net Cash Growth	-32.57%	4.20%	14.88%	120.54%	614.57%	-
Net Cash Per Share	13.84	18.26	17.03	24.25	23.20	3.88
Filing Date Shares Outstanding	54.57	54.38	51.11	56.48	18.21	13.74
Total Common Shares Outstanding	54.57	54.66	51.21	55.21	18.21	13.74
Working Capital	847.84	698.74	459.79	163.88	-149.27	-298.38
Book Value Per Share	16.30	14.80	10.09	4.05	-43.34	-20.35
Tangible Book Value	633.62	555.46	516.48	223.7	-789.35	-312.84
Tangible Book Value Per Share	11.61	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 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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