Baiwang Co., Ltd. (HKG:6657)

Baiwang Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	297.68	385.68	443.9	335.03	237.21	505.01
Short-Term Investments	-	-	-	109.83	80.47	104.79
Trading Asset Securities	91.69	90.74	277.9	268.23	400.9	218.86
Cash & Short-Term Investments	389.37	476.42	721.8	713.09	718.58	828.65
Cash Growth	-32.82%	-33.99%	1.22%	-0.76%	-13.28%	64.42%
Accounts Receivable	202.8	239.91	148.51	136.91	112.31	100.98
Other Receivables	1.07	31.62	11.51	20.8	19.48	39.37
Receivables	203.87	271.53	160.02	157.71	131.79	140.34
Inventory	2.61	2.31	2.39	3.68	10.99	8.97
Other Current Assets	128.1	55.69	61.3	83.79	77.05	44.85
Total Current Assets	723.95	805.94	945.51	958.27	938.41	1,023
Property, Plant & Equipment	15.05	19.14	11.86	25.05	33.31	44.45
Long-Term Investments	288.87	273.46	216.68	123.6	243.79	207.38
Other Intangible Assets	24.54	4.39	5.49	6.5	6.96	7.64
Long-Term Accounts Receivable	0.19	0.19	0.67	0.26	0.16	1.24
Long-Term Deferred Charges	21.78	34.45	35.72	38.18	38.09	36.47
Other Long-Term Assets	2.43	-	-	-	-	5.87
Total Assets	1,077	1,138	1,216	1,152	1,261	1,326

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	28.82	53.54	70.21	64.72	30.87	35.15
Accrued Expenses	28.46	37.19	72.55	93.38	68.55	79.17
Current Portion of Long-Term Debt	-	-	-	2,213	2,152	216.65
Current Portion of Leases	7.4	11.78	1.71	14.61	18.44	10.31
Current Income Taxes Payable	-	-	0.09	0.06	0.03	-
Current Unearned Revenue	92.61	88.98	114.72	122.74	165.48	130.63
Other Current Liabilities	27.3	12.95	20.41	44.03	48.55	40.17
Total Current Liabilities	184.58	204.43	279.7	2,552	2,484	512.08
Long-Term Debt	-	-	-	-	2.83	1,876
Long-Term Leases	0.79	1.81	1.26	1.38	7.35	25.36
Long-Term Deferred Tax Liabilities	-	-	-	-	0.15	-
Total Liabilities	185.38	206.24	280.96	2,554	2,494	2,414

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	225.91	225.91	225.91	140	140	140
Additional Paid-In Capital	-	2,698	2,698	-	-	-
Retained Earnings	-	-2,747	-2,738	-2,237	-1,887	-1,733
Comprehensive Income & Other	671.69	760.72	754.37	700.39	517.67	507.2
Total Common Equity	897.6	937.26	940.54	-1,396	-1,229	-1,086
Minority Interest	-6.17	-5.93	-5.57	-5.47	-4.16	-1.44
Shareholders' Equity	891.43	931.34	934.97	-1,402	-1,233	-1,088
Total Liabilities & Equity	1,077	1,138	1,216	1,152	1,261	1,326

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	8.19	13.59	2.97	2,229	2,181	2,128
Net Cash (Debt)	381.18	462.83	718.82	-1,516	-1,462	-1,300
Net Cash Growth	-31.79%	-35.61%	-	-	-	-
Net Cash Per Share	1.69	2.05	3.92	-10.83	-10.44	-9.28
Filing Date Shares Outstanding	225.91	225.91	225.91	149.26	140	140
Total Common Shares Outstanding	225.91	225.91	225.91	140	140	140
Working Capital	539.37	601.51	665.81	-1,594	-1,545	510.73
Book Value Per Share	3.97	4.15	4.16	-9.97	-8.78	-7.76
Tangible Book Value	873.06	932.87	935.05	-1,403	-1,236	-1,094
Tangible Book Value Per Share	3.86	4.13	4.14	-10.02	-8.83	-7.81
Machinery	-	26.31	26.07	28.49	24.7	22.6
Leasehold Improvements	-	16.86	16.23	14.97	14.06	12.39

Data Source: S&P Global Market Intelligence Last updated: Aug 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 11, 2026

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