Kingnet Network 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	Dec '21 Dec 31, 2021
Cash & Equivalents	3,792	4,236	3,269	2,807	2,551	1,178
Short-Term Investments	-	20	-	-	-	-
Trading Asset Securities	652.13	130.01	30.08	-	-	163.38
Cash & Short-Term Investments	4,444	4,386	3,299	2,807	2,551	1,341
Cash Growth	22.49%	32.94%	17.54%	10.03%	90.18%	32.43%
Accounts Receivable	1,432	1,214	1,179	1,314	1,049	922.88
Other Receivables	189.28	16.21	27.13	74.82	41.35	89.98
Receivables	1,621	1,230	1,206	1,389	1,091	1,013
Inventory	61.79	45.44	24.66	19.6	10.46	16.15
Other Current Assets	689.95	579.06	560.53	334.34	295.37	367.07
Total Current Assets	6,817	6,241	5,091	4,550	3,948	2,737
Property, Plant & Equipment	141.26	130.54	118.53	36.14	63.23	43.62
Long-Term Investments	4,275	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	628.24	640.75	322.87	30.58	27.68	16.09
Long-Term Deferred Tax Assets	21.02	21.56	26.38	11.92	14.6	41.97
Long-Term Deferred Charges	228	242.86	211.97	200.43	241.12	171.38
Other Long-Term Assets	438.49	451.67	218.36	204.62	46.87	0.12
Total Assets	13,401	13,073	8,026	6,610	5,781	4,400
Accounts Payable	1,407	1,135	450.27	442.1	312.15	266.75
Accrued Expenses	52.85	139.22	111.5	111.05	100.11	76.69
Short-Term Debt	9.37	109.13	-	-	-	-
Current Portion of Leases	24.42	21.22	27	12.09	21.54	10.95
Current Income Taxes Payable	126.91	31.73	30.83	62.42	9.68	32.01
Current Unearned Revenue	482.32	374.1	180.06	171.82	159.21	105.69
Other Current Liabilities	209.16	691.05	581.98	550.19	598.47	91.37
Total Current Liabilities	2,312	2,501	1,382	1,350	1,201	583.46
Long-Term Leases	39.61	48.17	72.26	3.25	16.98	13.21
Long-Term Unearned Revenue	2.3	-	0.07	-	-	-
Long-Term Deferred Tax Liabilities	559.66	620.85	25.63	19	16.57	48.89
Other Long-Term Liabilities	3.28	3.24	-	-	4.34	5
Total Liabilities	3,007	3,173	1,480	1,372	1,239	650.56
Common Stock	1,499	1,499	1,515	1,515	1,515	1,515
Additional Paid-In Capital	347.71	342.19	531.61	509.18	746.15	758.1
Retained Earnings	7,302	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	1,556	1,740	-65.78	-73.66	-34.46	-62.98
Total Common Equity	10,354	9,902	6,548	5,244	4,472	3,406
Minority Interest	40.03	-2.24	-1.19	-5.58	70.39	343.13
Shareholders' Equity	10,394	9,900	6,547	5,238	4,542	3,749
Total Liabilities & Equity	13,401	13,073	8,026	6,610	5,781	4,400
Total Debt	163.3	178.53	99.26	15.34	38.52	24.16
Net Cash (Debt)	4,281	4,207	3,200	2,792	2,512	1,317
Net Cash Growth	21.08%	31.48%	14.63%	11.11%	90.75%	30.04%
Net Cash Per Share	2.01	1.97	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	4,505	3,740	3,709	3,200	2,746	2,154
Book Value Per Share	6.98	4.67	3.08	2.48	2.14	1.62
Tangible Book Value	8,874	8,409	5,373	4,361	3,592	2,538
Tangible Book Value Per Share	5.98	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	-	-	-

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