First High-School Education Group Co., Ltd. (FHSEY)

FHSEY Balance Sheet

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	189.24	105.25	114.2	111.98	153.42
Cash & Short-Term Investments	189.24	105.25	114.2	111.98	153.42
Cash Growth	79.80%	-7.83%	1.98%	-27.01%	155.08%
Accounts Receivable	82.2	87.25	28.35	30.78	7.69
Other Receivables	10.34	45.45	-	80.46	84.75
Receivables	92.55	132.7	28.35	111.24	92.44
Inventory	0.08	1.52	1.63	1.47	3.21
Prepaid Expenses	3.76	1.1	3.76	2.72	5.86
Restricted Cash	-	-	-	59.6	-
Other Current Assets	485.87	235.9	233.38	86.16	10.21
Total Current Assets	771.5	476.48	381.31	373.17	265.13
Property, Plant & Equipment	119.81	127.96	133.87	127	136.43
Goodwill	30.35	30.35	30.35	40.22	40.22
Other Intangible Assets	7.25	5.86	5.92	48.98	50.71
Long-Term Deferred Tax Assets	20.29	12.76	14.74	13.68	6.57
Other Long-Term Assets	42.43	59.07	251.6	34.43	3.81
Total Assets	991.62	712.48	820.67	637.48	515.36
Accounts Payable	21.51	13.81	3.14	8.06	11.21
Accrued Expenses	239.27	98.11	44.68	120.47	77.59
Short-Term Debt	87.97	33.57	43.22	46.64	10.46
Current Portion of Leases	-	20.54	40.08	64.14	14.58
Current Income Taxes Payable	29.68	29.46	20.73	15.2	6.06
Current Unearned Revenue	227.36	141.57	141.91	177.96	189.09
Other Current Liabilities	224.19	112.96	218.29	229.25	102.9
Total Current Liabilities	829.97	450.03	512.05	661.72	411.88
Long-Term Leases	-	24.99	44.18	28.64	7.45
Long-Term Unearned Revenue	-	-	-	12.37	9.81
Long-Term Deferred Tax Liabilities	6.21	5.16	2.19	13.34	12.32
Other Long-Term Liabilities	0	1.65	31.9	16.88	3.69
Total Liabilities	836.18	481.82	590.31	732.95	445.15
Common Stock	0.01	0.01	0.01	-	-
Additional Paid-In Capital	356.62	357.69	389.2	64.13	221.79
Retained Earnings	-206	-129.89	-158.65	-159.93	-151.67
Comprehensive Income & Other	2.84	2.43	0.46	0.14	-
Total Common Equity	153.47	230.23	231.01	-95.66	70.12
Minority Interest	1.98	0.43	-0.65	0.19	0.09
Shareholders' Equity	155.45	230.66	230.36	-95.47	70.21
Total Liabilities & Equity	991.62	712.48	820.67	637.48	515.36
Total Debt	87.97	79.1	127.48	139.42	32.49
Net Cash (Debt)	101.27	26.15	-13.28	-27.44	120.92
Net Cash Growth	287.22%	-	-	-	142.58%
Net Cash Per Share	3.50	0.85	-0.46	-1.17	5.15
Filing Date Shares Outstanding	28.95	28.95	28.95	28.95	23.5
Total Common Shares Outstanding	28.95	28.95	28.95	23.5	23.5
Working Capital	-58.47	26.45	-130.73	-288.55	-146.75
Book Value Per Share	5.30	7.95	7.98	-4.07	2.98
Tangible Book Value	115.87	194.03	194.75	-184.85	-20.8
Tangible Book Value Per Share	4.00	6.70	6.73	-7.87	-0.89
Buildings	119.31	96.82	91.39	94	93.23
Machinery	53.27	46.41	46.59	36.54	35.24
Construction In Progress	-	-	3.21	3.21	-
Leasehold Improvements	12.5	38.19	40.8	35.6	34.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.