Kingnet Network 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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	5,507	4,236	3,269	2,807	2,551	1,178
Short-Term Investments	-	50.37	-	-	-	-
Trading Asset Securities	1,728	130.01	30.08	-	-	163.38
Cash & Short-Term Investments	7,235	4,416	3,299	2,807	2,551	1,341
Cash Growth	96.59%	33.86%	17.54%	10.03%	90.18%	32.43%
Accounts Receivable	1,733	1,214	1,179	1,314	1,049	922.88
Other Receivables	84.34	16.21	27.13	74.82	41.35	89.98
Receivables	1,817	1,230	1,206	1,389	1,091	1,013
Inventory	43.35	45.44	24.66	19.6	10.46	16.15
Other Current Assets	841.38	548.69	560.53	334.34	295.37	367.07
Total Current Assets	9,937	6,241	5,091	4,550	3,948	2,737
Property, Plant & Equipment	160.69	130.54	118.53	36.14	63.23	43.62
Long-Term Investments	3,466	4,493	1,185	724.58	587.59	536.74
Goodwill	852.26	852.26	852.26	852.26	852.26	852.26
Other Intangible Assets	757.86	640.75	322.87	30.58	27.68	16.09
Long-Term Deferred Tax Assets	65.82	21.56	26.38	11.92	14.6	41.97
Long-Term Deferred Charges	226.81	242.86	211.97	200.43	241.12	171.38
Other Long-Term Assets	446.89	451.67	218.36	204.62	46.87	0.12
Total Assets	15,913	13,073	8,026	6,610	5,781	4,400

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Accounts Payable	2,465	1,135	450.27	442.1	312.15	266.75
Accrued Expenses	57.3	139.22	111.5	111.05	100.11	76.69
Short-Term Debt	76.9	109.13	-	-	-	-
Current Portion of Leases	28.19	21.22	27	12.09	21.54	10.95
Current Income Taxes Payable	261.03	31.73	30.83	62.42	9.68	32.01
Current Unearned Revenue	614.41	374.1	180.06	171.82	159.21	105.69
Other Current Liabilities	501.13	691.05	581.98	550.19	598.47	91.37
Total Current Liabilities	4,004	2,501	1,382	1,350	1,201	583.46
Long-Term Leases	33.22	48.17	72.26	3.25	16.98	13.21
Long-Term Unearned Revenue	2.67	-	0.07	-	-	-
Long-Term Deferred Tax Liabilities	406.26	620.85	25.63	19	16.57	48.89
Other Long-Term Liabilities	-	3.24	-	-	4.34	5
Total Liabilities	4,536	3,173	1,480	1,372	1,239	650.56

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Common Stock	1,499	1,499	1,515	1,515	1,515	1,515
Additional Paid-In Capital	384.62	342.19	531.61	509.18	746.15	758.1
Retained Earnings	8,517	6,521	4,831	3,634	2,385	1,361
Treasury Stock	-349.9	-199.96	-264.2	-340.67	-140.7	-164.94
Comprehensive Income & Other	1,062	1,740	-65.78	-73.66	-34.46	-62.98
Total Common Equity	11,113	9,902	6,548	5,244	4,472	3,406
Minority Interest	264.06	-2.24	-1.19	-5.58	70.39	343.13
Shareholders' Equity	11,377	9,900	6,547	5,238	4,542	3,749
Total Liabilities & Equity	15,913	13,073	8,026	6,610	5,781	4,400

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Total Debt	228.13	178.53	99.26	15.34	38.52	24.16
Net Cash (Debt)	7,007	4,238	3,200	2,792	2,512	1,317
Net Cash Growth	94.37%	32.43%	14.63%	11.11%	90.75%	30.04%
Net Cash Per Share	3.31	1.98	1.51	1.32	1.20	0.62
Filing Date Shares Outstanding	1,484	2,121	2,127	2,114	2,094	2,107
Total Common Shares Outstanding	1,484	2,121	2,127	2,114	2,094	2,107
Working Capital	5,932	3,740	3,709	3,200	2,746	2,154
Book Value Per Share	7.49	4.67	3.08	2.48	2.14	1.62
Tangible Book Value	9,503	8,409	5,373	4,361	3,592	2,538
Tangible Book Value Per Share	6.40	3.96	2.53	2.06	1.72	1.20
Machinery	-	72.09	68.87	64.65	65.46	56.91
Construction In Progress	-	34.06	2.07	-	-	-