NET263 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	311.1	492.41	582.76	367.86	250.91	313.56
Short-Term Investments	21.41	21.14	-	-	-	50
Trading Asset Securities	200.1	100.24	230.45	370.39	735.08	380.88
Cash & Short-Term Investments	532.61	613.79	813.21	738.25	985.99	744.44
Cash Growth	-41.43%	-24.52%	10.15%	-25.13%	32.45%	-5.48%
Accounts Receivable	158.69	116.83	96.27	104.34	117.86	120.29
Other Receivables	11.57	21.47	25.71	17.26	16.2	12.19
Receivables	170.26	138.3	121.98	121.6	212.13	132.48
Inventory	14.47	12.95	5.57	12.38	11.76	7.04
Other Current Assets	42.92	36.94	30.08	28.85	45.44	36.24
Total Current Assets	760.26	801.98	970.83	901.09	1,255	920.2
Property, Plant & Equipment	98.79	108.78	124.52	147.38	166.07	183.87
Long-Term Investments	252.71	304.05	408.27	418.87	345.03	284.3
Goodwill	291.7	292.94	570.74	570.14	776.6	813.02
Other Intangible Assets	22.9	29.33	28.52	17.47	31.88	34.57
Long-Term Deferred Tax Assets	28.85	18.32	55.45	65.58	41.49	29.8
Long-Term Deferred Charges	463.73	399.21	66.95	49.98	41.18	47.54
Other Long-Term Assets	101.56	116.75	143.61	152.75	145.03	414.61
Total Assets	2,020	2,071	2,369	2,323	2,803	2,728

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	135.33	103.61	78.62	86	100.19	93.28
Accrued Expenses	23.71	32.84	35.75	39.87	38.64	34.5
Short-Term Debt	-	4.23	-	-	0.31	0.3
Current Portion of Leases	13.84	12.47	11.15	31.46	12.61	12.76
Current Income Taxes Payable	2.65	0.84	2.84	2.63	3.04	4.05
Current Unearned Revenue	150.91	153.1	158.62	160.91	163.1	169.28
Other Current Liabilities	8.22	64.1	10.96	34.58	50.81	25.68
Total Current Liabilities	334.66	371.2	297.93	355.43	368.7	339.86
Long-Term Leases	16.23	19.48	23.44	30.42	44.79	41.9
Long-Term Unearned Revenue	33.06	10.51	19.46	0.37	0.53	1.2
Long-Term Deferred Tax Liabilities	5.22	7.37	8.51	7.41	23.65	39.61
Other Long-Term Liabilities	-	-	-	-	0.13	0.01
Total Liabilities	389.16	408.56	349.34	393.64	437.81	422.58

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,375	1,375	1,375	1,388	1,386	1,369
Additional Paid-In Capital	225.84	379.23	380.17	386.25	368.02	346.5
Retained Earnings	-25.23	-159.37	138.82	70.28	547.36	515.33
Treasury Stock	-	-	-	-24.91	-34.98	-
Comprehensive Income & Other	-29.51	-7.53	2.42	-3.67	-5.53	-21.7
Total Common Equity	1,546	1,588	1,897	1,816	2,260	2,209
Minority Interest	84.86	75.1	122.79	113.25	104.4	96.59
Shareholders' Equity	1,631	1,663	2,020	1,930	2,365	2,305
Total Liabilities & Equity	2,020	2,071	2,369	2,323	2,803	2,728

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	30.07	36.18	34.58	61.88	57.71	54.97
Net Cash (Debt)	502.54	577.61	778.63	676.37	928.28	689.47
Net Cash Growth	-42.96%	-25.82%	15.12%	-27.14%	34.64%	-11.26%
Net Cash Per Share	0.29	0.43	0.57	0.50	0.58	0.41
Filing Date Shares Outstanding	1,375	1,375	1,375	1,388	1,386	1,369
Total Common Shares Outstanding	1,375	1,375	1,375	1,388	1,386	1,369
Working Capital	425.61	430.78	672.9	545.65	886.62	580.34
Book Value Per Share	1.12	1.15	1.38	1.31	1.63	1.61
Tangible Book Value	1,232	1,265	1,298	1,229	1,452	1,361
Tangible Book Value Per Share	0.90	0.92	0.94	0.89	1.05	0.99
Buildings	37.7	37.7	37.7	37.7	37.7	37.7
Machinery	345.8	348.19	343.36	347.49	364.77	362.09
Construction In Progress	-	-	2.88	0.58	0.03	8.42