BIWIN Storage Technology 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,795	1,744	794.02	339.27	798.02	211.98
Trading Asset Securities	299.83	186.32	139	6.54	-	-
Cash & Short-Term Investments	4,094	1,931	933.02	345.81	798.02	211.98
Cash Growth	119.37%	106.93%	169.81%	-56.67%	276.46%	5.17%
Accounts Receivable	2,160	1,585	815.21	614.68	527.22	163.34
Other Receivables	34.13	88.79	85.77	48.14	54.72	8
Receivables	2,194	1,673	900.98	662.82	581.94	171.34
Inventory	12,069	7,868	3,537	3,552	1,954	1,595
Prepaid Expenses	-	-	-	-	-	4.1
Other Current Assets	2,407	467.26	316.17	319.6	189.27	184.07
Total Current Assets	20,765	11,940	5,688	4,880	3,523	2,167
Property, Plant & Equipment	3,045	3,014	1,546	1,136	729.13	548.81
Long-Term Investments	211.03	168.01	55.8	50.13	10	-
Other Intangible Assets	187.48	153.78	172.08	61.62	48.13	20
Long-Term Deferred Tax Assets	143.36	115.18	150.19	164.27	52.57	46.31
Long-Term Deferred Charges	61.95	58.89	37.88	23.94	23.78	11.06
Other Long-Term Assets	66	70.85	311.75	16.26	24.26	16.37
Total Assets	24,480	15,521	7,961	6,332	4,411	2,810
Accounts Payable	2,571	2,337	809.35	700.8	306.98	378.93
Accrued Expenses	43.96	200.58	120.31	41.31	22.74	30.45
Short-Term Debt	5,757	4,274	3,288	2,800	1,148	333.27
Current Portion of Long-Term Debt	1,006	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	630.57	72.18	2.61	10.08	19.01	21.39
Current Unearned Revenue	232.38	80.27	42.26	18.35	6.77	18.13
Other Current Liabilities	50.07	57.81	36.87	58.78	34.36	6.26
Total Current Liabilities	10,290	7,268	4,574	3,898	1,602	850.8
Long-Term Debt	5,336	2,667	928.28	503	379.74	131
Long-Term Leases	71.22	61.59	10.11	7.57	4.24	4.38
Long-Term Unearned Revenue	201.95	7.87	3.65	2.26	3.35	4.01
Long-Term Deferred Tax Liabilities	1.06	1.88	14.46	0	0.02	-
Total Liabilities	15,901	10,006	5,530	4,411	1,990	990.19
Common Stock	470.84	467.13	431.24	430.33	430.33	387.3
Additional Paid-In Capital	4,606	4,423	2,278	1,956	1,824	1,337
Retained Earnings	3,454	554.73	-298.31	-459.54	164.82	93.6
Comprehensive Income & Other	-18.04	-5.09	0.49	1.96	2.4	1.13
Total Common Equity	8,512	5,440	2,412	1,928	2,422	1,819
Minority Interest	66.77	73.91	18.9	-7.17	-	-
Shareholders' Equity	8,579	5,514	2,431	1,921	2,422	1,819
Total Liabilities & Equity	24,480	15,521	7,961	6,332	4,411	2,810
Total Debt	12,170	7,248	4,501	3,580	1,596	531.02
Net Cash (Debt)	-8,076	-5,318	-3,568	-3,234	-798.4	-319.04
Net Cash Per Share	-16.63	-11.28	-8.19	-7.51	-2.02	-0.88
Filing Date Shares Outstanding	470.84	467.13	431.24	430.33	430.33	364.29
Total Common Shares Outstanding	470.84	467.13	431.24	430.33	430.33	364.29
Working Capital	10,474	4,672	1,114	982	1,921	1,316
Book Value Per Share	18.08	11.65	5.59	4.48	5.63	4.99
Tangible Book Value	8,325	5,286	2,240	1,867	2,373	1,799
Tangible Book Value Per Share	17.68	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 Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.