Zhejiang NetSun Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	548.61	540.62	450.57	687.16	683.32	749.23
Trading Asset Securities	0.15	-	-	-	-	-
Cash & Short-Term Investments	548.76	540.62	450.57	687.16	683.32	749.23
Cash Growth	27.37%	19.98%	-34.43%	0.56%	-8.80%	-19.22%
Accounts Receivable	12.51	16.97	30.7	122	56.49	92.89
Other Receivables	242.97	297.73	223.12	142.82	182.45	138.65
Receivables	255.48	314.69	253.83	264.82	238.94	231.54
Inventory	24.87	17.45	30.3	21.57	18.51	8.55
Prepaid Expenses	-	0	0.01	0.01	0.09	0.07
Other Current Assets	362.78	354.61	499.07	466.64	502.7	457.65
Total Current Assets	1,192	1,227	1,234	1,440	1,444	1,447
Property, Plant & Equipment	50.32	51.43	56.75	61.9	66.66	60.31
Long-Term Investments	225.73	224.97	188.5	130.25	110.63	98.62
Long-Term Deferred Tax Assets	35.98	36.47	29.52	9.95	8.27	7.52
Long-Term Deferred Charges	0.03	0.07	0.21	0.34	-	-
Other Long-Term Assets	5.43	5.58	4	4.41	5.02	3.8
Total Assets	1,509	1,546	1,513	1,647	1,634	1,617
Accounts Payable	102.88	104.53	2.82	75.57	56	11.38
Accrued Expenses	3.61	17.44	15.98	16.48	16.99	17.18
Short-Term Debt	0.42	1.24	17.46	98.01	49.02	15.45
Current Portion of Leases	1.4	1.4	1.33	1.34	-	0.76
Current Income Taxes Payable	7.79	6.09	5.07	3.33	3.99	3.98
Current Unearned Revenue	60.99	48.48	83.52	59.69	76.28	77.83
Other Current Liabilities	192.85	224.68	226.57	161.91	209	304.6
Total Current Liabilities	369.93	403.87	352.75	416.33	411.27	431.17
Long-Term Leases	8.6	10.06	10.77	12.03	12.8	0.13
Long-Term Unearned Revenue	1.77	1.79	1.89	1.99	2.09	2.19
Long-Term Deferred Tax Liabilities	12.68	12.17	0.85	1.8	1.76	3.59
Other Long-Term Liabilities	17.57	19.52	21.38	11.41	11.96	17.36
Total Liabilities	410.56	447.41	387.65	443.57	439.88	454.44
Common Stock	252.72	252.72	252.72	252.72	252.72	252.72
Additional Paid-In Capital	326.12	326.12	326.12	326.12	326.12	326.12
Retained Earnings	299.29	298.15	323.87	359.3	352.83	330.13
Comprehensive Income & Other	-1.76	-1.7	-2.09	-1.91	-2.14	-2.21
Total Common Equity	876.37	875.29	900.62	936.23	929.54	906.76
Minority Interest	222.46	223.19	224.48	267.26	264.73	256.08
Shareholders' Equity	1,099	1,098	1,125	1,203	1,194	1,163
Total Liabilities & Equity	1,509	1,546	1,513	1,647	1,634	1,617
Total Debt	10.41	12.7	29.56	111.38	61.82	16.34
Net Cash (Debt)	538.35	527.92	421.01	575.77	621.5	732.89
Net Cash Growth	34.16%	25.39%	-26.88%	-7.36%	-15.20%	-15.98%
Net Cash Per Share	2.13	2.02	1.66	2.41	2.46	2.90
Filing Date Shares Outstanding	252.72	252.72	252.72	252.72	252.72	252.72
Total Common Shares Outstanding	252.72	252.72	252.72	252.72	252.72	252.72
Working Capital	821.96	823.51	881.03	1,024	1,032	1,016
Book Value Per Share	3.47	3.46	3.56	3.70	3.68	3.59
Tangible Book Value	876.37	875.29	900.62	936.23	929.54	906.76
Tangible Book Value Per Share	3.47	3.46	3.56	3.70	3.68	3.59
Buildings	-	88.93	95.22	95.22	94.82	98.76
Machinery	-	27.6	27.14	26.71	26.37	26.15