BIWIN Storage Technology Co., Ltd. (BIWIN) balance sheet

SHH · Technology · Semiconductors · 2,852 employees · CEO Han He

Price: CN¥131.86 +0.83%
Market cap: CN¥62.7B
Enterprise value: CN¥83.1B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-05-05 EPS est. CN¥8.00

At the end of Q3 '26 BIWIN Storage Technology Co., Ltd. (BIWIN) held CN¥4.48B in cash and short-term investments against CN¥24.1B of debt incl. leases. Total assets CN¥44.4B, total liabilities CN¥30.3B, shareholders' equity CN¥14B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥339M	CN¥674M	CN¥719M	CN¥721M	CN¥794M	CN¥1.71B	CN¥2.16B	CN¥1.59B	CN¥1.74B	CN¥551M	CN¥3.15B	CN¥3.79B
Short-term investments	CN¥6.54M	CN¥5.57M	CN¥0	CN¥0	CN¥139M	CN¥159M	CN¥142M	CN¥379M	CN¥186M	CN¥43.6M	CN¥985M	CN¥687M
Receivables	CN¥792M	CN¥651M	CN¥655M	CN¥449M	CN¥151M	CN¥95M	CN¥169M	CN¥1.38B	CN¥280M	CN¥314M	CN¥4.66B	CN¥2.56B
Inventory	CN¥3.55B	CN¥3.46B	CN¥3.57B	CN¥3.74B	CN¥3.54B	CN¥3.81B	CN¥4.38B	CN¥5.7B	CN¥7.87B	CN¥12.1B	CN¥18.2B	CN¥24.1B
Other current assets	CN¥191M	CN¥242M	CN¥406M	CN¥481M	-CN¥3.94B	-CN¥5.05B	-CN¥5.9B	CN¥624M	-CN¥8.53B	-CN¥12.2B	CN¥32.7M	CN¥359M
Current assets	CN¥4.88B	CN¥5.03B	CN¥5.36B	CN¥5.39B	CN¥779M	CN¥942M	CN¥1.16B	CN¥9.67B	CN¥1.71B	CN¥3.02B	CN¥29.1B	CN¥38.8B
Property, plant & equipment (net)	CN¥1.14B	CN¥1.13B	CN¥1.13B	CN¥1.36B	CN¥1.55B	CN¥1.6B	CN¥1.77B	CN¥2.52B	CN¥3.01B	CN¥3.05B	CN¥3.12B	CN¥3.71B
Long-term investments	CN¥50.1M	CN¥54M	CN¥54M	CN¥54M	CN¥7.64M	CN¥7.66M	CN¥18.6M	CN¥243M	CN¥24M	CN¥30.7M	CN¥461M	CN¥636M
Goodwill	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥9.15M
Intangible assets	CN¥61.6M	CN¥69M	CN¥154M	CN¥160M	CN¥23.6M	CN¥24.2M	CN¥24.7M	CN¥175M	CN¥22M	CN¥27.2M	CN¥169M	CN¥214M
Deferred tax assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥150M	CN¥210M	CN¥218M	CN¥0	CN¥115M	CN¥143M	CN¥208M	CN¥207M
Other non-current assets	CN¥205M	CN¥176M	CN¥199M	CN¥447M	-CN¥1.42B	-CN¥1.5B	-CN¥1.58B	CN¥581M	-CN¥2.66B	-CN¥2.71B	CN¥326M	CN¥782M
Non-current assets	CN¥1.45B	CN¥1.43B	CN¥1.53B	CN¥2.02B	CN¥311M	CN¥346M	CN¥451M	CN¥3.52B	CN¥512M	CN¥540M	CN¥4.28B	CN¥5.56B
Total assets	CN¥6.33B	CN¥6.46B	CN¥6.89B	CN¥7.41B	CN¥1.09B	CN¥1.29B	CN¥1.61B	CN¥13.2B	CN¥2.22B	CN¥3.56B	CN¥33.4B	CN¥44.4B
Liabilities
Accounts payable	CN¥701M	CN¥657M	CN¥664M	CN¥578M	CN¥111M	CN¥157M	CN¥197M	CN¥1.65B	CN¥334M	CN¥373M	CN¥1.99B	CN¥2.47B
Accrued expenses	CN¥41.3M	CN¥37.4M	CN¥31.9M	CN¥27.6M	CN¥0	CN¥0	CN¥0	CN¥35.2M	CN¥0	CN¥0	CN¥51.9M	CN¥56.2M
Short-term debt	CN¥3.06B	CN¥2.97B	CN¥3.12B	CN¥3.38B	CN¥487M	CN¥553M	CN¥536M	CN¥4.67B	CN¥645M	CN¥983M	CN¥8.15B	CN¥12.7B
Taxes payable	CN¥0	CN¥0	CN¥0	CN¥0	CN¥72M	CN¥9.39M	CN¥13.6M	CN¥0	CN¥123M	CN¥631M	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥152M	CN¥518M
Other current liabilities	CN¥87.2M	CN¥85M	CN¥151M	CN¥134M	CN¥27.7M	CN¥16.6M	CN¥16.6M	-CN¥416M	CN¥58.7M	CN¥139M	CN¥104M	CN¥2.13B
Current liabilities	CN¥3.9B	CN¥3.75B	CN¥3.97B	CN¥4.12B	CN¥626M	CN¥727M	CN¥750M	CN¥5.94B	CN¥1.04B	CN¥1.5B	CN¥11.4B	CN¥18.6B
Long-term debt	CN¥503M	CN¥563M	CN¥501M	CN¥816M	CN¥127M	CN¥240M	CN¥270M	CN¥2.49B	CN¥381M	CN¥775M	CN¥8.69B	CN¥11.3B
Lease obligations (non-current)	CN¥7.57M	CN¥7.21M	CN¥7.17M	CN¥11.3M	CN¥1.38M	CN¥1.78M	CN¥1.07M	CN¥8.03M	CN¥8.8M	CN¥10.3M	CN¥70.2M	CN¥69.5M
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.48M	CN¥0	CN¥3.66M	CN¥0	CN¥29.3M	CN¥213M	CN¥219M
Deferred tax liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥17M	CN¥0	CN¥20.6M	CN¥0	CN¥155K	CN¥183M	CN¥75.1M
Other non-current liabilities	CN¥2.26M	CN¥2.21M	CN¥1.93M	CN¥2.37M	CN¥2.48M	CN¥0	CN¥2.39M	CN¥7.12	CN¥1.39M	CN¥0	CN¥0	CN¥3
Non-current liabilities	CN¥513M	CN¥572M	CN¥510M	CN¥829M	CN¥131M	CN¥245M	CN¥274M	CN¥2.53B	CN¥391M	CN¥815M	CN¥9.12B	CN¥11.7B
Total liabilities	CN¥4.41B	CN¥4.32B	CN¥4.48B	CN¥4.95B	CN¥757M	CN¥972M	CN¥1.02B	CN¥8.47B	CN¥1.43B	CN¥2.31B	CN¥20.6B	CN¥30.3B
Equity
Common stock & paid-in capital	CN¥430M	CN¥430M	CN¥464M	CN¥431M	CN¥59.1M	CN¥59.2M	CN¥64.3M	CN¥467M	CN¥66.8M	CN¥68.4M	CN¥472M	CN¥477M
Retained earnings	-CN¥482M	-CN¥292M	-CN¥176M	-CN¥231M	-CN¥43.9M	-CN¥68.1M	-CN¥73.1M	-CN¥290M	CN¥79.3M	CN¥502M	CN¥7.38B	CN¥8.78B
Accumulated other comprehensive income	CN¥165M	CN¥1.59M	CN¥1.76M	CN¥436K	CN¥56.8M	CN¥74.6K	CN¥232K	CN¥4.5B	-CN¥728K	-CN¥2.62M	CN¥570M	CN¥4.99B
Shareholders' equity	CN¥1.93B	CN¥2.16B	CN¥2.42B	CN¥2.45B	CN¥330M	CN¥315M	CN¥586M	CN¥4.68B	CN¥778M	CN¥1.24B	CN¥12.7B	CN¥14B
Debt
Total debt (incl. leases)	CN¥3.58B	CN¥3.54B	CN¥3.63B	CN¥4.21B	CN¥616M	CN¥795M	CN¥808M	CN¥7.17B	CN¥7.98B	CN¥1.77B	CN¥16.9B	CN¥24.1B
Net debt (debt - cash)	CN¥3.24B	CN¥2.86B	CN¥2.92B	CN¥3.49B	-CN¥178M	-CN¥912M	-CN¥1.36B	CN¥5.58B	CN¥6.24B	CN¥1.22B	CN¥13.8B	CN¥20.4B

Balance sheet	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥14M	CN¥172M	CN¥201M	CN¥212M	CN¥117M	CN¥339M	CN¥109M	CN¥1.74B
Short-term investments	CN¥0	CN¥30M	CN¥0	CN¥0	CN¥0	CN¥6.54M	CN¥139M	CN¥186M
Receivables	CN¥47.3M	CN¥75.1M	CN¥226M	CN¥163M	CN¥77M	CN¥112M	CN¥151M	CN¥280M
Inventory	CN¥406M	CN¥601M	CN¥759M	CN¥1.59B	CN¥1.95B	CN¥3.55B	CN¥3.54B	CN¥7.87B
Other current assets	CN¥26M	CN¥64.5M	CN¥146M	CN¥192M	-CN¥1.79B	-CN¥3.5B	-CN¥3.14B	CN¥1.71B
Current assets	CN¥494M	CN¥942M	CN¥1.33B	CN¥2.17B	CN¥515M	CN¥689M	CN¥779M	CN¥11.9B
Property, plant & equipment (net)	CN¥141M	CN¥214M	CN¥351M	CN¥549M	CN¥729M	CN¥1.14B	CN¥1.55B	CN¥3.01B
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.46M	CN¥7.08M	CN¥55.8M	CN¥168M
Intangible assets	CN¥23.7M	CN¥20.8M	CN¥20.9M	CN¥20M	CN¥7.03M	CN¥8.7M	CN¥23.6M	CN¥22M
Deferred tax assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥52.6M	CN¥164M	CN¥150M	CN¥115M
Other non-current assets	CN¥39.2M	CN¥38.4M	CN¥58.7M	CN¥73.7M	-CN¥661M	-CN¥1.11B	-CN¥1.46B	CN¥262M
Non-current assets	CN¥204M	CN¥274M	CN¥431M	CN¥642M	CN¥130M	CN¥205M	CN¥311M	CN¥3.58B
Total assets	CN¥697M	CN¥1.22B	CN¥1.77B	CN¥2.81B	CN¥644M	CN¥894M	CN¥1.09B	CN¥15.5B
Liabilities
Accounts payable	CN¥133M	CN¥201M	CN¥253M	CN¥379M	CN¥44.8M	CN¥98.9M	CN¥111M	CN¥334M
Accrued expenses	CN¥11.3M	CN¥12M	CN¥11.9M	CN¥30.4M	CN¥0	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥230M	CN¥182M	CN¥216M	CN¥391M	CN¥177M	CN¥432M	CN¥487M	CN¥5.26B
Taxes payable	CN¥0	CN¥0	CN¥0	CN¥0	CN¥24M	CN¥18.1M	CN¥72M	CN¥123M
Other current liabilities	CN¥93M	CN¥94.2M	CN¥108M	CN¥45.8M	CN¥12.1M	CN¥18.1M	CN¥27.7M	CN¥1.68B
Current liabilities	CN¥467M	CN¥489M	CN¥589M	CN¥850M	CN¥234M	CN¥550M	CN¥626M	CN¥7.27B
Long-term debt	CN¥0	CN¥40M	CN¥75M	CN¥131M	CN¥55.5M	CN¥71M	CN¥127M	CN¥2.67B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥4.38M	CN¥620K	CN¥1.07M	CN¥1.38M	CN¥61.6M
Deferred revenue (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥7.87M
Deferred tax liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥20K	CN¥0	CN¥0	CN¥1.88M
Other non-current liabilities	CN¥6.65M	CN¥0	CN¥4.68M	CN¥4M	CN¥492K	CN¥319K	CN¥2.48M	CN¥0
Non-current liabilities	CN¥6.65M	CN¥40M	CN¥79.7M	CN¥139M	CN¥56.6M	CN¥72.4M	CN¥131M	CN¥2.74B
Total liabilities	CN¥474M	CN¥529M	CN¥669M	CN¥990M	CN¥291M	CN¥623M	CN¥757M	CN¥10B
Equity
Common stock & paid-in capital	CN¥100M	CN¥136M	CN¥166M	CN¥387M	CN¥62.9M	CN¥60.8M	CN¥59.1M	CN¥467M
Retained earnings	-CN¥69M	-CN¥50.3M	-CN¥23M	CN¥93.6M	CN¥24.1M	-CN¥68M	-CN¥43.9M	CN¥507M
Accumulated other comprehensive income	CN¥3.65M	CN¥5.26M	CN¥2.4M	CN¥1.13M	CN¥351K	CN¥23.3M	CN¥56.8M	CN¥461M
Shareholders' equity	CN¥223M	CN¥682M	CN¥1.1B	CN¥1.82B	CN¥354M	CN¥272M	CN¥330M	CN¥5.44B
Debt
Total debt (incl. leases)	CN¥230M	CN¥222M	CN¥291M	CN¥531M	CN¥233M	CN¥505M	CN¥616M	CN¥7.98B
Net debt (debt - cash)	CN¥216M	CN¥50.1M	CN¥89.3M	CN¥319M	CN¥117M	CN¥166M	CN¥508M	CN¥6.24B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02