NET263 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	492.41	582.76	367.86	250.91	313.56
Short-Term Investments	-	-	-	-	50
Trading Asset Securities	100.24	230.45	370.39	735.08	380.88
Cash & Short-Term Investments	592.65	813.21	738.25	985.99	744.44
Cash Growth	-27.12%	10.15%	-25.13%	32.45%	-5.48%
Accounts Receivable	116.83	96.27	104.34	117.86	120.29
Other Receivables	20.11	25.71	17.26	16.2	12.19
Receivables	136.95	121.98	121.6	212.13	132.48
Inventory	12.95	5.57	12.38	11.76	7.04
Other Current Assets	59.44	30.08	28.85	45.44	36.24
Total Current Assets	801.98	970.83	901.09	1,255	920.2
Property, Plant & Equipment	108.78	124.52	147.38	166.07	183.87
Long-Term Investments	367.54	408.27	418.87	345.03	284.3
Goodwill	292.94	570.74	570.14	776.6	813.02
Other Intangible Assets	29.33	28.52	17.47	31.88	34.57
Long-Term Deferred Tax Assets	18.32	55.45	65.58	41.49	29.8
Long-Term Deferred Charges	399.21	66.95	49.98	41.18	47.54
Other Long-Term Assets	53.26	143.61	152.75	145.03	414.61
Total Assets	2,071	2,369	2,323	2,803	2,728
Accounts Payable	103.61	78.62	86	100.19	93.28
Accrued Expenses	25.6	35.75	39.87	38.64	34.5
Short-Term Debt	4.23	-	-	0.31	0.3
Current Portion of Long-Term Debt	12.47	-	-	-	-
Current Portion of Leases	-	11.15	31.46	12.61	12.76
Current Income Taxes Payable	7.17	2.84	2.63	3.04	4.05
Current Unearned Revenue	153.1	158.62	160.91	163.1	169.28
Other Current Liabilities	65.01	10.96	34.58	50.81	25.68
Total Current Liabilities	371.2	297.93	355.43	368.7	339.86
Long-Term Leases	19.48	23.44	30.42	44.79	41.9
Long-Term Unearned Revenue	0.17	19.46	0.37	0.53	1.2
Long-Term Deferred Tax Liabilities	7.37	8.51	7.41	23.65	39.61
Other Long-Term Liabilities	10.34	-	-	0.13	0.01
Total Liabilities	408.56	349.34	393.64	437.81	422.58
Common Stock	1,375	1,375	1,388	1,386	1,369
Additional Paid-In Capital	379.23	380.17	386.25	368.02	346.5
Retained Earnings	-159.37	138.82	70.28	547.36	515.33
Treasury Stock	-	-	-24.91	-34.98	-
Comprehensive Income & Other	-7.53	2.42	-3.67	-5.53	-21.7
Total Common Equity	1,588	1,897	1,816	2,260	2,209
Minority Interest	75.1	122.79	113.25	104.4	96.59
Shareholders' Equity	1,663	2,020	1,930	2,365	2,305
Total Liabilities & Equity	2,071	2,369	2,323	2,803	2,728
Total Debt	36.18	34.58	61.88	57.71	54.97
Net Cash (Debt)	556.46	778.63	676.37	928.28	689.47
Net Cash Growth	-28.53%	15.12%	-27.14%	34.64%	-11.26%
Net Cash Per Share	0.41	0.57	0.50	0.58	0.41
Filing Date Shares Outstanding	1,626	1,375	1,388	1,386	1,369
Total Common Shares Outstanding	1,626	1,375	1,388	1,386	1,369
Working Capital	430.78	672.9	545.65	886.62	580.34
Book Value Per Share	0.98	1.38	1.31	1.63	1.61
Tangible Book Value	1,265	1,298	1,229	1,452	1,361
Tangible Book Value Per Share	0.78	0.94	0.89	1.05	0.99
Buildings	-	37.7	37.7	37.7	37.7
Machinery	-	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.