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	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	Dec '21 Dec 31, 2021
Cash & Equivalents	4,692	4,236	3,269	2,807	2,551	1,178
Short-Term Investments	46.55	50.37	-	-	-	-
Trading Asset Securities	1,386	130.01	30.08	-	-	163.38
Cash & Short-Term Investments	6,124	4,416	3,299	2,807	2,551	1,341
Cash Growth	89.98%	33.86%	17.54%	10.03%	90.18%	32.43%
Accounts Receivable	1,486	1,214	1,179	1,314	1,049	922.88
Other Receivables	90.86	16.21	27.13	74.82	41.35	89.98
Receivables	1,577	1,230	1,206	1,389	1,091	1,013
Inventory	59.39	45.44	24.66	19.6	10.46	16.15
Other Current Assets	611.55	548.69	560.53	334.34	295.37	367.07
Total Current Assets	8,372	6,241	5,091	4,550	3,948	2,737
Property, Plant & Equipment	150.76	130.54	118.53	36.14	63.23	43.62
Long-Term Investments	4,041	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	618	640.75	322.87	30.58	27.68	16.09
Long-Term Deferred Tax Assets	21.15	21.56	26.38	11.92	14.6	41.97
Long-Term Deferred Charges	236.62	242.86	211.97	200.43	241.12	171.38
Other Long-Term Assets	3.41	451.67	218.36	204.62	46.87	0.12
Total Assets	14,295	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	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	Dec '21 Dec 31, 2021
Accounts Payable	1,894	1,135	450.27	442.1	312.15	266.75
Accrued Expenses	120.84	139.22	111.5	111.05	100.11	76.69
Short-Term Debt	-	109.13	-	-	-	-
Current Portion of Leases	29.99	21.22	27	12.09	21.54	10.95
Current Income Taxes Payable	187.57	31.73	30.83	62.42	9.68	32.01
Current Unearned Revenue	686.59	374.1	180.06	171.82	159.21	105.69
Other Current Liabilities	211.89	691.05	581.98	550.19	598.47	91.37
Total Current Liabilities	3,131	2,501	1,382	1,350	1,201	583.46
Long-Term Leases	33.73	48.17	72.26	3.25	16.98	13.21
Long-Term Unearned Revenue	2.3	-	0.07	-	-	-
Long-Term Deferred Tax Liabilities	423.1	620.85	25.63	19	16.57	48.89
Other Long-Term Liabilities	3.24	3.24	-	-	4.34	5
Total Liabilities	3,683	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	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	Dec '21 Dec 31, 2021
Common Stock	1,499	1,499	1,515	1,515	1,515	1,515
Additional Paid-In Capital	353.77	342.19	531.61	509.18	746.15	758.1
Retained Earnings	7,844	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	1,143	1,740	-65.78	-73.66	-34.46	-62.98
Total Common Equity	10,490	9,902	6,548	5,244	4,472	3,406
Minority Interest	122.24	-2.24	-1.19	-5.58	70.39	343.13
Shareholders' Equity	10,612	9,900	6,547	5,238	4,542	3,749
Total Liabilities & Equity	14,295	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	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	Dec '21 Dec 31, 2021
Total Debt	153.77	178.53	99.26	15.34	38.52	24.16
Net Cash (Debt)	5,971	4,238	3,200	2,792	2,512	1,317
Net Cash Growth	91.73%	32.43%	14.63%	11.11%	90.75%	30.04%
Net Cash Per Share	2.78	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	5,241	3,740	3,709	3,200	2,746	2,154
Book Value Per Share	7.07	4.67	3.08	2.48	2.14	1.62
Tangible Book Value	9,020	8,409	5,373	4,361	3,592	2,538
Tangible Book Value Per Share	6.08	3.96	2.53	2.06	1.72	1.20
Machinery	74.48	72.09	68.87	64.65	65.46	56.91
Construction In Progress	65.64	34.06	2.07	-	-	-