NET263 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	464.56	492.41	582.76	367.86	250.91	313.56
Short-Term Investments	-	21.14	-	-	-	50
Trading Asset Securities	80.08	100.24	230.45	370.39	735.08	380.88
Cash & Short-Term Investments	544.64	613.79	813.21	738.25	985.99	744.44
Cash Growth	-37.40%	-24.52%	10.15%	-25.13%	32.45%	-5.48%
Accounts Receivable	194.48	116.83	96.27	104.34	117.86	120.29
Other Receivables	21.16	21.47	25.71	17.26	16.2	12.19
Receivables	215.65	138.3	121.98	121.6	212.13	132.48
Inventory	11.96	12.95	5.57	12.38	11.76	7.04
Other Current Assets	58.05	36.94	30.08	28.85	45.44	36.24
Total Current Assets	830.29	801.98	970.83	901.09	1,255	920.2
Property, Plant & Equipment	101.72	108.78	124.52	147.38	166.07	183.87
Long-Term Investments	345.36	304.05	408.27	418.87	345.03	284.3
Goodwill	292.32	292.94	570.74	570.14	776.6	813.02
Other Intangible Assets	27.69	29.33	28.52	17.47	31.88	34.57
Long-Term Deferred Tax Assets	23.18	18.32	55.45	65.58	41.49	29.8
Long-Term Deferred Charges	401.39	399.21	66.95	49.98	41.18	47.54
Other Long-Term Assets	45.77	116.75	143.61	152.75	145.03	414.61
Total Assets	2,068	2,071	2,369	2,323	2,803	2,728
Accounts Payable	141.3	103.61	78.62	86	100.19	93.28
Accrued Expenses	28.33	32.84	35.75	39.87	38.64	34.5
Short-Term Debt	-	4.23	-	-	0.31	0.3
Current Portion of Leases	-	12.47	11.15	31.46	12.61	12.76
Current Income Taxes Payable	7.48	0.84	2.84	2.63	3.04	4.05
Current Unearned Revenue	191.48	153.1	158.62	160.91	163.1	169.28
Other Current Liabilities	9.58	64.1	10.96	34.58	50.81	25.68
Total Current Liabilities	390.74	371.2	297.93	355.43	368.7	339.86
Long-Term Leases	16.8	19.48	23.44	30.42	44.79	41.9
Long-Term Unearned Revenue	0.17	10.51	19.46	0.37	0.53	1.2
Long-Term Deferred Tax Liabilities	5.37	7.37	8.51	7.41	23.65	39.61
Other Long-Term Liabilities	8.71	-	-	-	0.13	0.01
Total Liabilities	421.79	408.56	349.34	393.64	437.81	422.58
Common Stock	1,375	1,375	1,375	1,388	1,386	1,369
Additional Paid-In Capital	379.23	379.23	380.17	386.25	368.02	346.5
Retained Earnings	-171.56	-159.37	138.82	70.28	547.36	515.33
Treasury Stock	-	-	-	-24.91	-34.98	-
Comprehensive Income & Other	-19.76	-7.53	2.42	-3.67	-5.53	-21.7
Total Common Equity	1,563	1,588	1,897	1,816	2,260	2,209
Minority Interest	82.65	75.1	122.79	113.25	104.4	96.59
Shareholders' Equity	1,646	1,663	2,020	1,930	2,365	2,305
Total Liabilities & Equity	2,068	2,071	2,369	2,323	2,803	2,728
Total Debt	29.37	36.18	34.58	61.88	57.71	54.97
Net Cash (Debt)	515.26	577.61	778.63	676.37	928.28	689.47
Net Cash Growth	-38.55%	-25.82%	15.12%	-27.14%	34.64%	-11.26%
Net Cash Per Share	0.41	0.43	0.57	0.50	0.58	0.41
Filing Date Shares Outstanding	1,219	1,375	1,375	1,388	1,386	1,369
Total Common Shares Outstanding	1,219	1,375	1,375	1,388	1,386	1,369
Working Capital	439.55	430.78	672.9	545.65	886.62	580.34
Book Value Per Share	1.28	1.15	1.38	1.31	1.63	1.61
Tangible Book Value	1,243	1,265	1,298	1,229	1,452	1,361
Tangible Book Value Per Share	1.02	0.92	0.94	0.89	1.05	0.99
Buildings	-	37.7	37.7	37.7	37.7	37.7
Machinery	-	348.19	343.36	347.49	364.77	362.09
Construction In Progress	-	-	2.88	0.58	0.03	8.42

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