Exhibit 99.1
METEN HOLDING GROUP LTD
UNAUDITED CONSOLIDATED BALANCE SHEETS
(In thousands of RMB, except share data and per share data, or otherwise noted)
December 31, 2020 | September 30, 2021 | |||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | 90,115 | 279,920 | 43,443 | |||||||||
Contract assets | 6,194 | 3,193 | 496 | |||||||||
Accounts receivable, net | 27,013 | 13,043 | 2,024 | |||||||||
Other contract costs | 47,125 | 27,011 | 4,192 | |||||||||
Prepayments and other current assets | 50,658 | 39,094 | 6,067 | |||||||||
Amounts due from related parties | 7,934 | 4,500 | 698 | |||||||||
Prepaid income tax | 14,460 | 13,825 | 2,146 | |||||||||
Total current assets | 243,499 | 380,586 | 59,066 | |||||||||
Non-current assets | ||||||||||||
Restricted cash | 10,358 | 8,715 | 1,353 | |||||||||
Other contract costs | 9,316 | 19,427 | 3,015 | |||||||||
Equity method investments | 24,552 | 30,632 | 4,754 | |||||||||
Property and equipment, net | 146,891 | 113,429 | 17,604 | |||||||||
Operating lease right-of-use assets | 322,559 | 249,219 | 38,678 | |||||||||
Intangible assets, net | 19,337 | 15,114 | 2,346 | |||||||||
Deferred tax assets | 6,997 | 3,906 | 606 | |||||||||
Goodwill | 274,567 | 242,962 | 37,707 | |||||||||
Long-term prepayments and other non-current assets | 40,754 | 34,583 | 5,369 | |||||||||
Total non-current assets | 855,331 | 717,987 | 111,432 | |||||||||
Total assets | 1,098,830 | 1,098,573 | 170,498 |
December 31, 2020 | September 30, 2021 | |||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
Current liabilities | ||||||||||||
17,013 | 19,765 | 3,067 | ||||||||||
Bank loans | 133,900 | 18,350 | 2,848 | |||||||||
Deferred revenue | 341,934 | 281,748 | 43,727 | |||||||||
Salary and welfare payable | 67,609 | 50,594 | 7,852 | |||||||||
Financial liabilities from contracts with customers | 384,561 | 308,607 | 47,895 | |||||||||
Accrued expenses and other payables | 46,030 | 14,952 | 2,321 | |||||||||
Income taxes payable | 267 | 409 | 63 | |||||||||
Amounts due to related parties | 50,192 | - | - | |||||||||
Current operating lease liabilities | 131,151 | 108,362 | 16,818 | |||||||||
Total current liabilities | 1,172,657 | 802,787 | 124,591 | |||||||||
Non-current liabilities | ||||||||||||
Deferred revenue | 46,927 | 53,291 | 8,271 | |||||||||
Deferred tax liabilities | 7,661 | 5,198 | 807 | |||||||||
Operating lease liabilities | 200,409 | 142,164 | 22,064 | |||||||||
Non-current tax payable | 33,718 | 33,885 | 5,259 | |||||||||
Total non-current liabilities | 288,715 | 234,538 | 36,401 | |||||||||
Total liabilities | 1,461,372 | 1,037,325 | 160,992 |
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December 31, 2020 | September 30, 2021 | |||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
Shareholders’ equity (deficit) | ||||||||||||
Ordinary shares | 37 | 132 | 20 | |||||||||
Additional paid-in capital | 557,535 | 1,326,229 | 205,828 | |||||||||
Accumulated deficit | (936,247 | ) | (1,272,973 | ) | (197,562 | ) | ||||||
Total equity (deficit) attributable to shareholders of the Company | (378,675 | ) | 53,388 | 8,286 | ||||||||
Non-controlling interests | 16,133 | 7,860 | 1,220 | |||||||||
Total equity (deficit) | (362,542 | ) | 61,248 | 9,506 | ||||||||
Commitments and contingencies | - | - | - | |||||||||
Total liabilities and shareholders’ equity (deficit) | 1,098,830 | 1,098,573 | 170,498 |
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