BIWIN Storage Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,744	794.02	339.27	798.02	211.98
Trading Asset Securities	186.32	139	6.54	-	-
Cash & Short-Term Investments	1,931	933.02	345.81	798.02	211.98
Cash Growth	106.93%	169.81%	-56.67%	276.46%	5.17%
Accounts Receivable	1,585	815.21	614.68	527.22	163.34
Other Receivables	88.79	85.77	48.14	54.72	8
Receivables	1,673	900.98	662.82	581.94	171.34
Inventory	7,868	3,537	3,552	1,954	1,595
Prepaid Expenses	-	-	-	-	4.1
Other Current Assets	467.26	316.17	319.6	189.27	184.07
Total Current Assets	11,940	5,688	4,880	3,523	2,167
Property, Plant & Equipment	3,014	1,546	1,136	729.13	548.81
Long-Term Investments	168.01	55.8	50.13	10	-
Other Intangible Assets	153.78	172.08	61.62	48.13	20
Long-Term Deferred Tax Assets	115.18	150.19	164.27	52.57	46.31
Long-Term Deferred Charges	58.89	37.88	23.94	23.78	11.06
Other Long-Term Assets	70.85	311.75	16.26	24.26	16.37
Total Assets	15,521	7,961	6,332	4,411	2,810
Accounts Payable	2,337	809.35	700.8	306.98	378.93
Accrued Expenses	200.58	120.31	41.31	22.74	30.45
Short-Term Debt	4,274	3,288	2,800	1,148	333.27
Current Portion of Long-Term Debt	237.17	266.27	261.59	60.14	58.23
Current Portion of Leases	8.73	8.05	7.08	3.97	4.13
Current Income Taxes Payable	72.18	2.61	10.08	19.01	21.39
Current Unearned Revenue	80.27	42.26	18.35	6.77	18.13
Other Current Liabilities	57.81	36.87	58.78	34.36	6.26
Total Current Liabilities	7,268	4,574	3,898	1,602	850.8
Long-Term Debt	2,667	928.28	503	379.74	131
Long-Term Leases	61.59	10.11	7.57	4.24	4.38
Long-Term Unearned Revenue	7.87	3.65	2.26	3.35	4.01
Long-Term Deferred Tax Liabilities	1.88	14.46	0	0.02	-
Total Liabilities	10,006	5,530	4,411	1,990	990.19
Common Stock	467.13	431.24	430.33	430.33	387.3
Additional Paid-In Capital	4,423	2,278	1,956	1,824	1,337
Retained Earnings	554.73	-298.31	-459.54	164.82	93.6
Comprehensive Income & Other	-5.09	0.49	1.96	2.4	1.13
Total Common Equity	5,440	2,412	1,928	2,422	1,819
Minority Interest	73.91	18.9	-7.17	-	-
Shareholders' Equity	5,514	2,431	1,921	2,422	1,819
Total Liabilities & Equity	15,521	7,961	6,332	4,411	2,810
Total Debt	7,248	4,501	3,580	1,596	531.02
Net Cash (Debt)	-5,318	-3,568	-3,234	-798.4	-319.04
Net Cash Per Share	-11.28	-8.19	-7.51	-2.02	-0.88
Filing Date Shares Outstanding	467.13	431.24	430.33	430.33	364.29
Total Common Shares Outstanding	467.13	431.24	430.33	430.33	364.29
Working Capital	4,672	1,114	982	1,921	1,316
Book Value Per Share	11.65	5.59	4.48	5.63	4.99
Tangible Book Value	5,286	2,240	1,867	2,373	1,799
Tangible Book Value Per Share	11.32	5.19	4.34	5.52	4.94
Buildings	793.29	423.48	416.92	286.3	255.25
Machinery	1,545	1,059	654.45	439.16	319.28
Construction In Progress	1,050	353.78	275.29	171.44	105.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.