Baiwang Co., Ltd. ^6657.HK

Finances

	2024	2023	2022	2021	2020
Revenue	659.212 M ^{-7.54 %}	712.996 M ^{35.61 %}	525.765 M ^{15.87 %}	453.763 M ^{55.87 %}	291.115 M
Net income	-501.210 M ^{-40.01 %}	-357.980 M ^{-133.21 %}	-153.501 M ^{65.65 %}	-446.938 M ^{-14.95 %}	-388.800 M
Income before tax	-500.859 M ^{-39.45 %}	-359.174 M ^{-130.20 %}	-156.025 M ^{65.20 %}	-448.373 M ^{-15.32 %}	-388.800 M
Income before tax ratio	-0.76 ^{-50.82 %}	-0.50 ^{-69.75 %}	-0.30 ^{69.97 %}	-0.99 ^{26.01 %}	-1.34
EBITDA	-173.569 M ^{48.90 %}	-339.670 M ^{-269.99 %}	-91.805 M ^{50.87 %}	-186.875 M ^{-75.22 %}	-106.654 M
Net income ratio	-0.76 ^{-51.43 %}	-0.50 ^{-71.97 %}	-0.29 ^{70.36 %}	-0.98 ^{26.25 %}	-1.34
Ratio EBITDA	-0.26 ^{44.73 %}	-0.48 ^{-172.83 %}	-0.17 ^{57.60 %}	-0.41 ^{-12.41 %}	-0.37
Gross profit ratio	0.40 ^{1.02 %}	0.40 ^{-12.16 %}	0.45 ^{-17.53 %}	0.55 ^{14.30 %}	0.48
Weighted average shs out dil	183.306 M ^{30.93 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M
Weighted average shs out	183.306 M ^{30.93 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M
EPS diluted	-2.73 ^{-6.64 %}	-2.56 ^{-132.73 %}	-1.10 ^{65.52 %}	-3.19 ^{-14.75 %}	-2.78
Earnings per share	-2.73 ^{-6.64 %}	-2.56 ^{-132.73 %}	-1.10 ^{65.52 %}	-3.19 ^{-14.75 %}	-2.78
Gross profit	263.423 M ^{-6.60 %}	282.031 M ^{19.12 %}	236.754 M ^{-4.44 %}	247.749 M ^{78.16 %}	139.063 M
Income tax expense	457.000 K ^{293.97 %}	116.000 K ^{-41.71 %}	199.000 K	0.000	0.000
Cost of revenue	395.789 M ^{-8.16 %}	430.965 M ^{15.03 %}	374.647 M ^{25.25 %}	299.131 M ^{59.06 %}	188.061 M
General and administrative expenses	91.787 M ^{315.85 %}	22.072 M ^{50.08 %}	14.707 M ^{37.72 %}	10.679 M ^{29.65 %}	8.237 M
Selling and marketing expenses	160.187 M ^{375.18 %}	33.711 M ^{-2.13 %}	34.443 M ^{42.71 %}	24.135 M ^{44.75 %}	16.673 M
Other expenses	34.342 M ^{-90.00 %}	343.398 M ^{157.79 %}	133.209 M ^{-53.48 %}	286.349 M ^{164.32 %}	108.336 M
Operating expenses	466.241 M ^{-20.59 %}	587.137 M ^{79.75 %}	326.640 M ^{-32.03 %}	480.571 M ^{94.26 %}	247.383 M
Cost and expenses	862.030 M ^{-15.33 %}	1.018 B ^{59.55 %}	638.115 M ^{-2.12 %}	651.911 M ^{61.29 %}	404.190 M
Research and development expenses	179.925 M ^{-4.27 %}	187.956 M ^{30.27 %}	144.281 M ^{-9.49 %}	159.407 M ^{39.66 %}	114.137 M
Selling general and administrative expenses	251.974 M ^{351.70 %}	55.783 M ^{13.50 %}	49.150 M ^{41.18 %}	34.814 M ^{39.76 %}	24.910 M
Interest income	2.449 M ^{-64.40 %}	6.879 M ^{-33.30 %}	10.314 M ^{-2.54 %}	10.583 M ^{168.60 %}	3.940 M
Interest expense	361.000 K ^{-64.68 %}	1.022 M ^{-34.78 %}	1.567 M ^{544.86 %}	243.000 K ^{-67.07 %}	738.000 K
Depreciation and amortization	4.585 M ^{-75.19 %}	18.482 M ^{332.33 %}	4.275 M ^{-32.41 %}	6.325 M ^{-0.99 %}	6.388 M
Operating income	-202.818 M ^{33.53 %}	-305.106 M ^{-171.57 %}	-112.350 M ^{43.30 %}	-198.148 M ^{-75.24 %}	-113.075 M
Operating income ratio	-0.31 ^{28.10 %}	-0.43 ^{-100.25 %}	-0.21 ^{51.06 %}	-0.44 ^{-12.42 %}	-0.39
Total other income expenses net	-298.041 M ^{-451.23 %}	-54.068 M ^{-23.80 %}	-43.675 M ^{82.55 %}	-250.225 M ^{9.25 %}	-275.725 M
	2024	2023	2022	2021	2020

	2024	2023	2022	2021	2020
Net debt	-440.925 M ^{-38.20 %}	-319.041 M ^{-34.35 %}	-237.474 M ^{58.68 %}	-574.745 M ^{-81.51 %}	-316.645 M
Total investments	494.571 M ^{-10.50 %}	552.614 M ^{-32.14 %}	814.344 M ^{23.86 %}	657.453 M ^{48.89 %}	441.559 M
Total debt	2.974 M ^{-81.40 %}	15.990 M ^{-99.27 %}	2.181 B ^{4 896.53 %}	43.641 M ^{-96.81 %}	1.367 B
Accumulated other comprehensive income loss	754.368 M ^{7.71 %}	700.389 M ^{20.51 %}	581.206 M ^{-6.32 %}	620.439 M ^{51.34 %}	409.972 M
Retained earnings	-2.738 B ^{-22.41 %}	-2.237 B ^{-5.57 %}	-2.119 B ^{0.09 %}	-2.120 B ^{-39.02 %}	-1.525 B
Common stock	225.907 M ^{61.36 %}	140.000 M ^{-10.93 %}	157.184 M ^{-8.22 %}	171.257 M ^{3.17 %}	165.990 M
Total equity	934.970 M ^{166.68 %}	-1.402 B ^{-1.26 %}	-1.385 B ^{-4.08 %}	-1.331 B ^{-40.15 %}	-949.398 M
Other non current liabilities	0.000	0.000	0.000 ^{-100.00 %}	2.301 B ^{42.65 %}	1.613 B
Long term debt	1.264 M ^{-8.34 %}	1.379 M ^{-86.46 %}	10.184 M ^{-59.85 %}	25.364 M ^{8 243.42 %}	304.000 K
Total non current liabilities	1.264 M ^{-8.34 %}	1.379 M ^{-86.65 %}	10.332 M ^{-99.56 %}	2.326 B ^{44.20 %}	1.613 B
Other current liabilities	236.394 M ^{-16.76 %}	283.985 M ^{193.41 %}	96.788 M ^{50.18 %}	64.449 M ^{-33.55 %}	96.990 M
Deferred revenue	0.000	0.000 ^{-100.00 %}	185.786 M ^{16.26 %}	159.796 M ^{3.66 %}	154.153 M
Short term debt	1.710 M ^{-99.92 %}	2.227 B ^{2.62 %}	2.170 B ^{856.27 %}	226.962 M ^{3 350.32 %}	6.578 M
Total current liabilities	279.697 M ^{-89.04 %}	2.552 B ^{2.75 %}	2.484 B ^{385.05 %}	512.078 M ^{68.73 %}	303.487 M
Total liabilities	280.961 M ^{-89.00 %}	2.554 B ^{-8.81 %}	2.800 B ^{-5.15 %}	2.952 B ^{49.65 %}	1.973 B
Other non current assets	32.363 M ^{-15.80 %}	38.438 M ^{-57.27 %}	89.947 M ^{32.76 %}	67.753 M ^{3.80 %}	65.274 M
Long term investments	216.675 M ^{24.13 %}	174.557 M ^{-36.27 %}	273.889 M ^{4.72 %}	261.554 M ^{55.84 %}	167.837 M
Intangible assets	9.524 M ^{46.48 %}	6.502 M ^{-6.59 %}	6.961 M ^{-8.94 %}	7.644 M ^{783.70 %}	865.000 K
GoodWill	0.000	0.000	0.000	0.000	0.000
Goodwill and intangible assets	9.524 M ^{46.48 %}	6.502 M ^{-6.59 %}	6.961 M ^{-8.94 %}	7.644 M ^{783.70 %}	865.000 K
Property plant equipment net	11.864 M ^{-52.64 %}	25.052 M ^{-33.02 %}	37.401 M ^{-31.22 %}	54.374 M ^{106.88 %}	26.283 M
Total non current assets	270.426 M ^{39.69 %}	193.596 M ^{-52.67 %}	409.052 M ^{4.08 %}	393.032 M ^{50.92 %}	260.420 M
Other current assets	65.031 M ^{-37.82 %}	104.593 M ^{13.69 %}	91.995 M ^{42.00 %}	64.784 M ^{17.70 %}	55.042 M
Short term investments	277.896 M ^{-26.49 %}	378.057 M ^{-21.46 %}	481.372 M ^{21.59 %}	395.899 M ^{71.49 %}	230.864 M
cash and cash equivalents	443.899 M ^{32.49 %}	335.031 M ^{25.75 %}	266.436 M ^{-56.91 %}	618.386 M ^{90.39 %}	324.805 M
Cash and short term investments	721.795 M ^{1.22 %}	713.088 M ^{-0.76 %}	718.578 M ^{-13.28 %}	828.647 M ^{64.43 %}	503.966 M
Total current assets	945.505 M ^{-1.33 %}	958.273 M ^{2.12 %}	938.409 M ^{-8.25 %}	1.023 B ^{52.27 %}	671.697 M
Inventory	2.391 M ^{-35.04 %}	3.681 M ^{-66.51 %}	10.992 M ^{22.51 %}	8.972 M ^{-33.04 %}	13.399 M
Net receivables	156.288 M ^{14.15 %}	136.911 M ^{17.17 %}	116.844 M ^{-2.96 %}	120.404 M ^{21.26 %}	99.290 M
Tax assets	0.000 ^{100.00 %}	-50.953 M ^{-6 063.70 %}	854.393 K ^{-49.94 %}	1.707 M ^{962.80 %}	160.580 K
Other assets	0.000	0.000	0.000	0.000	0.000
Account payables	41.593 M ^{1.74 %}	40.882 M ^{32.44 %}	30.869 M ^{-12.17 %}	35.147 M ^{26.87 %}	27.704 M
Tax payables	0.000 ^{-100.00 %}	66.060 K ^{89.81 %}	34.804 K ^{-99.86 %}	25.724 M ^{42.42 %}	18.062 M
Deferred revenue non current	0.000	0.000	0.000	0.000	0.000
Minority interest	-5.574 M ^{7.41 %}	-6.020 M ^{-28.96 %}	-4.668 M ^{-165.94 %}	-1.755 M	0.000
Capital lease obligations	2.974 M ^{-81.40 %}	15.990 M ^{-38.01 %}	25.796 M ^{-27.69 %}	35.676 M ^{418.40 %}	6.882 M
Preferred stock	0.000	0.000	0.000	0.000	0.000
Other total stockholders equity	2.698 B	0.000	0.000	0.000	0.000
Deferred tax liabilities non current	0.000	0.000 ^{-100.00 %}	148.000 K	0.000	0.000
Other liabilities	0.000	0.000	0.000	0.000	0.000
Total assets	1.216 B ^{5.56 %}	1.152 B ^{-18.62 %}	1.415 B ^{-12.73 %}	1.622 B ^{58.46 %}	1.024 B
	2024	2023	2022	2021	2020

	2024	2023	2022	2021	2020
Deferred income tax	0.000	0.000	0.000	0.000	0.000
Stock based compensation	53.979 M ^{-71.75 %}	191.064 M ^{1 725.05 %}	10.469 M ^{-93.51 %}	161.418 M ^{224.31 %}	49.772 M
Change in working capital	18.975 M ^{249.09 %}	-12.727 M ^{-184.18 %}	15.119 M ^{812.32 %}	1.657 M ^{104.08 %}	-40.575 M
Accounts receivables	9.732 M ^{166.21 %}	-14.699 M ^{8.21 %}	-16.013 M ^{48.63 %}	-31.174 M ^{54.19 %}	-68.045 M
Inventory	1.290 M ^{-84.03 %}	8.079 M ^{448.93 %}	-2.315 M ^{-142.46 %}	5.452 M ^{533.23 %}	-1.259 M
Accounts payables	0.000 ^{-100.00 %}	45.489 M ^{944.54 %}	4.355 M ^{-89.16 %}	40.177 M ^{-12.85 %}	46.102 M
Other working capital	7.953 M ^{115.41 %}	-51.596 M ^{-277.36 %}	29.092 M ^{327.31 %}	-12.798 M ^{26.33 %}	-17.373 M
Other non cash items	256.557 M ^{307.07 %}	63.025 M ^{220.01 %}	-52.518 M ^{-120.74 %}	253.172 M ^{-10.46 %}	282.734 M
Net cash provided by operating activities	-152.142 M ^{-53.17 %}	-99.330 M ^{-54.54 %}	-64.276 M ^{-359.48 %}	-13.989 M ^{82.53 %}	-80.069 M
Investments in property plant and equipment	-3.164 M ^{37.22 %}	-5.040 M ^{-21.62 %}	-4.144 M ^{29.02 %}	-5.838 M ^{38.12 %}	-9.435 M
Acquisitions net	0.000 ^{-100.00 %}	2.809 M ^{108.37 %}	-33.545 M ^{-23 489.35 %}	143.420 K	0.000
Purchases of investments	0.000 ^{100.00 %}	-747.000 M ^{57.09 %}	-1.741 B ^{-87.32 %}	-929.261 M ^{54.09 %}	-2.024 B
Sales maturities of investments	0.000 ^{-100.00 %}	910.000 M ^{-40.26 %}	1.523 B ^{105.86 %}	740.000 M ^{-58.57 %}	1.786 B
Other investing activites	4.459 M ^{-92.04 %}	56.041 M ^{-14.12 %}	65.253 M ^{1 159.67 %}	5.180 M ^{-86.49 %}	38.342 M
Net cash used for investing activites	1.295 M ^{-99.40 %}	216.810 M ^{214.23 %}	-189.804 M ^{-0.01 %}	-189.776 M ^{9.22 %}	-209.046 M
Debt repayment	-15.431 M ^{-6.30 %}	-14.516 M ^{-20.83 %}	-12.014 M ^{-67.63 %}	-7.167 M ^{34.95 %}	-11.017 M
Common stock issued	0.000 ^{100.00 %}	-5.679 M	0.000 ^{-100.00 %}	443.507 M ^{321.58 %}	105.200 M
Common stock repurchased	0.000	0.000	0.000	0.000	0.000
Dividends paid	0.000	0.000	0.000	0.000	0.000
Other financing activites	272.234 M ^{5 397.41 %}	-5.139 M ^{-201.23 %}	-1.706 M ^{-154.25 %}	-671.000 K	0.000
Net cash used provided by financing activities	256.803 M ^{1 406.55 %}	-19.655 M ^{-43.26 %}	-13.720 M ^{-103.15 %}	435.669 M ^{362.58 %}	94.183 M
Effect of forex changes on cash	2.912 M	0.000	0.000	0.000	0.000
Net change in cash	108.868 M ^{11.29 %}	97.825 M ^{136.53 %}	-267.800 M ^{-215.48 %}	231.904 M ^{218.97 %}	-194.932 M
Cash at beginning of period	335.031 M ^{41.24 %}	237.206 M ^{-61.64 %}	618.386 M ^{90.39 %}	324.805 M ^{-30.60 %}	468.034 M
Cash at end of period	443.899 M ^{32.49 %}	335.031 M ^{25.75 %}	266.436 M ^{-56.91 %}	618.386 M ^{90.39 %}	324.805 M
Operating cash flow	-152.142 M ^{-53.17 %}	-99.330 M ^{-83.82 %}	-54.035 M ^{-438.82 %}	-10.029 M ^{87.08 %}	-77.640 M
Capital expenditure	-3.164 M ^{48.15 %}	-6.102 M ^{-17.13 %}	-5.210 M ^{10.76 %}	-5.838 M ^{38.12 %}	-9.435 M
Free CashFlow	-155.306 M ^{-47.30 %}	-105.432 M ^{-77.96 %}	-59.245 M ^{-273.40 %}	-15.867 M ^{81.78 %}	-87.075 M
	2024	2023	2022	2021	2020

	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31	2022-06-30
Revenue	347.588 M ^{-7.96 %}	377.661 M ^{34.14 %}	281.551 M ^{-25.39 %}	377.358 M ^{12.43 %}	335.638 M ^{126.00 %}	148.512 M ^{-60.63 %}	377.253 M
Net income	3.717 M ^{106.67 %}	-55.705 M ^{87.50 %}	-445.505 M ^{-321.14 %}	-105.786 M ^{58.05 %}	-252.194 M ^{-368.67 %}	-53.811 M ^{46.02 %}	-99.690 M
Income before tax	3.670 M ^{106.64 %}	-55.257 M ^{87.60 %}	-445.602 M ^{-318.82 %}	-106.394 M ^{57.91 %}	-252.780 M ^{-365.69 %}	-54.281 M ^{46.65 %}	-101.744 M
Income before tax ratio	0.01 ^{107.22 %}	-0.15 ^{90.76 %}	-1.58 ^{-461.34 %}	-0.28 ^{62.56 %}	-0.75 ^{-106.06 %}	-0.37 ^{-35.52 %}	-0.27
EBITDA	204.500 K ^{100.33 %}	-62.157 M ^{43.50 %}	-110.011 M ^{51.49 %}	-226.775 M ^{-10.44 %}	-205.336 M ^{-1 813.84 %}	-10.729 M ^{86.77 %}	-81.076 M
Net income ratio	0.01 ^{107.25 %}	-0.15 ^{90.68 %}	-1.58 ^{-464.44 %}	-0.28 ^{62.69 %}	-0.75 ^{-107.37 %}	-0.36 ^{-37.12 %}	-0.26
Ratio EBITDA	0.00 ^{100.36 %}	-0.16 ^{57.88 %}	-0.39 ^{34.98 %}	-0.60 ^{1.77 %}	-0.61 ^{-746.83 %}	-0.07 ^{66.38 %}	-0.21
Gross profit ratio	0.47 ^{14.95 %}	0.41 ^{3.47 %}	0.39 ^{-21.00 %}	0.50 ^{75.48 %}	0.28 ^{-27.71 %}	0.39 ^{-17.46 %}	0.47
Weighted average shs out dil	225.907 M ^{-0.31 %}	226.612 M ^{61.87 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M
Weighted average shs out	225.930 M ^{-0.30 %}	226.613 M ^{61.87 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M ^{0.00 %}	140.000 M
EPS diluted	0.02 ^{106.83 %}	-0.24 ^{92.45 %}	-3.18 ^{-324.00 %}	-0.75 ^{58.33 %}	-1.80 ^{-373.68 %}	-0.38 ^{47.22 %}	-0.72
Earnings per share	0.02 ^{106.83 %}	-0.24 ^{92.45 %}	-3.18 ^{-324.00 %}	-0.75 ^{58.33 %}	-1.80 ^{-373.68 %}	-0.38 ^{47.22 %}	-0.72
Gross profit	161.987 M ^{5.80 %}	153.109 M ^{38.79 %}	110.314 M ^{-41.06 %}	187.166 M ^{97.30 %}	94.865 M ^{63.38 %}	58.063 M ^{-67.51 %}	178.691 M
Income tax expense	23.000 K ^{-91.05 %}	257.000 K ^{28.50 %}	200.000 K ^{226.58 %}	-158.000 K ^{-157.66 %}	274.000 K ^{251.28 %}	78.000 K ^{-35.54 %}	121.000 K
Cost of revenue	185.601 M ^{-17.35 %}	224.552 M ^{31.14 %}	171.237 M ^{-9.97 %}	190.192 M ^{-21.01 %}	240.773 M ^{166.20 %}	90.449 M ^{-68.17 %}	284.198 M
General and administrative expenses	44.758 M ^{-16.72 %}	53.742 M ^{41.26 %}	38.045 M ^{143.24 %}	-87.980 M ^{-179.94 %}	110.052 M ^{2 124.17 %}	4.948 M ^{-49.30 %}	9.759 M
Selling and marketing expenses	49.259 M ^{-38.45 %}	80.025 M ^{-0.17 %}	80.162 M ^{209.14 %}	-73.452 M ^{-168.54 %}	107.163 M ^{1 169.55 %}	8.441 M ^{-67.54 %}	26.002 M
Other expenses	-1.009 M ^{-156.21 %}	1.795 M ^{-92.62 %}	24.308 M ^{-67.26 %}	74.255 M ^{650.88 %}	9.889 M ^{141 371.43 %}	-7.000 K ^{-100.01 %}	133.216 M
Operating expenses	164.246 M ^{-24.41 %}	217.291 M ^{-12.72 %}	248.950 M ^{-8.47 %}	271.997 M ^{-13.26 %}	313.562 M ^{298.67 %}	78.652 M ^{-68.28 %}	247.988 M
Cost and expenses	349.847 M ^{-20.82 %}	441.843 M ^{5.15 %}	420.187 M ^{-9.09 %}	462.189 M ^{-16.62 %}	554.335 M ^{227.81 %}	169.101 M ^{-63.95 %}	469.014 M
Research and development expenses	68.255 M ^{-11.73 %}	77.328 M ^{-24.63 %}	102.597 M ^{1.19 %}	101.393 M ^{17.13 %}	86.563 M ^{142.02 %}	35.767 M ^{-67.04 %}	108.514 M
Selling general and administrative expenses	97.000 M ^{-29.80 %}	138.168 M ^{13.21 %}	122.045 M ^{175.60 %}	-161.432 M ^{-174.35 %}	217.110 M ^{1 521.56 %}	13.389 M ^{-62.56 %}	35.761 M
Interest income	0.000	0.000	0.000 ^{-100.00 %}	3.038 M	0.000 ^{-100.00 %}	2.309 M ^{-71.16 %}	8.005 M
Interest expense	0.000	0.000	0.000 ^{-100.00 %}	452.000 K	0.000 ^{-100.00 %}	349.000 K ^{-71.35 %}	1.218 M
Depreciation and amortization	2.464 M ^{-17.69 %}	2.993 M ^{0.00 %}	2.993 M ^{-69.17 %}	9.709 M ^{311.75 %}	2.358 M ^{-43.07 %}	4.142 M ^{3 014.29 %}	133.000 K
Operating income	-2.259 M ^{96.48 %}	-64.182 M ^{53.70 %}	-138.636 M ^{-60.44 %}	-86.409 M ^{60.49 %}	-218.697 M ^{-726.05 %}	-26.475 M ^{69.17 %}	-85.875 M
Operating income ratio	-0.01 ^{96.18 %}	-0.17 ^{65.49 %}	-0.49 ^{-115.04 %}	-0.23 ^{64.86 %}	-0.65 ^{-265.51 %}	-0.18 ^{21.69 %}	-0.23
Total other income expenses net	5.929 M ^{-33.57 %}	8.925 M ^{102.91 %}	-306.966 M ^{-1 435.98 %}	-19.985 M ^{41.36 %}	-34.083 M ^{-22.57 %}	-27.806 M ^{-75.22 %}	-15.869 M
	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31	2022-06-30

	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31
Net debt	-319.368 M ^{27.57 %}	-440.925 M ^{-109.94 %}	-210.028 M ^{34.17 %}	-319.041 M	0.000 ^{100.00 %}	-211.410 M
Total investments	247.512 M ^{-49.95 %}	494.571 M ^{215.51 %}	156.752 M ^{26.82 %}	123.604 M	0.000 ^{-100.00 %}	243.786 M
Total debt	20.756 M ^{597.92 %}	2.974 M ^{-49.32 %}	5.868 M ^{-63.30 %}	15.990 M	0.000 ^{-100.00 %}	25.796 M
Accumulated other comprehensive income loss	719.257 M ^{-4.65 %}	754.368 M ^{2.48 %}	736.132 M ^{5.10 %}	700.389 M ^{156.97 %}	-1.229 B ^{-337.47 %}	517.668 M
Retained earnings	0.000 ^{100.00 %}	-2.738 B ^{-2.08 %}	-2.682 B ^{-19.92 %}	-2.237 B	0.000 ^{100.00 %}	-1.887 B
Common stock	225.907 M ^{0.00 %}	225.907 M ^{61.36 %}	140.000 M ^{0.00 %}	140.000 M	0.000 ^{-100.00 %}	140.000 M
Total equity	939.520 M ^{0.49 %}	934.970 M ^{151.61 %}	-1.812 B ^{-29.25 %}	-1.402 B ^{-13.64 %}	-1.233 B ^{0.00 %}	-1.233 B
Other non current liabilities	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.233 B ^{41 318.97 %}	2.978 M
Long term debt	6.118 M ^{384.02 %}	1.264 M ^{95.67 %}	646.000 K ^{-53.15 %}	1.379 M	0.000 ^{-100.00 %}	7.354 M
Total non current liabilities	6.118 M ^{384.02 %}	1.264 M ^{95.67 %}	646.000 K ^{-53.15 %}	1.379 M ^{-99.89 %}	1.233 B ^{11 838.22 %}	10.332 M
Other current liabilities	185.584 M ^{-21.49 %}	236.394 M ^{-8.75 %}	259.074 M ^{-0.68 %}	260.850 M	0.000 ^{-100.00 %}	2.419 B
Deferred revenue	0.000	0.000	0.000	0.000	0.000	0.000
Short term debt	14.638 M ^{756.02 %}	1.710 M ^{-99.93 %}	2.523 B ^{13.30 %}	2.227 B	0.000 ^{-100.00 %}	18.442 M
Total current liabilities	273.532 M ^{-2.20 %}	279.697 M ^{-90.14 %}	2.836 B ^{11.12 %}	2.552 B	0.000 ^{-100.00 %}	2.484 B
Total liabilities	279.650 M ^{-0.47 %}	280.961 M ^{-90.10 %}	2.837 B ^{11.09 %}	2.554 B ^{107.02 %}	1.233 B ^{-50.55 %}	2.494 B
Other non current assets	29.959 M ^{-7.43 %}	32.363 M ^{-27.94 %}	44.910 M ^{-89.22 %}	416.495 M ^{157.96 %}	-718.578 M ^{-238.29 %}	519.621 M
Long term investments	247.512 M ^{14.23 %}	216.675 M ^{38.23 %}	156.752 M ^{161.60 %}	-254.453 M	0.000 ^{100.00 %}	-237.586 M
Intangible assets	13.044 M ^{36.96 %}	9.524 M ^{56.36 %}	6.091 M ^{-6.32 %}	6.502 M	0.000 ^{-100.00 %}	6.961 M
GoodWill	0.000	0.000	0.000	0.000	0.000	0.000
Goodwill and intangible assets	13.044 M ^{36.96 %}	9.524 M ^{56.36 %}	6.091 M ^{-6.32 %}	6.502 M	0.000 ^{-100.00 %}	6.961 M
Property plant equipment net	27.038 M ^{127.90 %}	11.864 M ^{-28.21 %}	16.527 M ^{-34.03 %}	25.052 M	0.000 ^{-100.00 %}	33.312 M
Total non current assets	317.553 M ^{17.43 %}	270.426 M ^{20.58 %}	224.280 M ^{15.85 %}	193.596 M ^{126.94 %}	-718.578 M ^{-322.95 %}	322.308 M
Other current assets	81.806 M ^{25.80 %}	65.031 M ^{-33.09 %}	97.193 M ^{-7.08 %}	104.593 M	0.000 ^{-100.00 %}	96.528 M
Short term investments	0.000 ^{-100.00 %}	277.896 M ^{-16.21 %}	331.653 M ^{-12.27 %}	378.057 M	0.000 ^{-100.00 %}	481.372 M
cash and cash equivalents	340.124 M ^{-23.38 %}	443.899 M ^{105.61 %}	215.896 M ^{-35.56 %}	335.031 M	0.000 ^{-100.00 %}	237.206 M
Cash and short term investments	579.554 M ^{-19.71 %}	721.795 M ^{31.82 %}	547.549 M ^{-23.21 %}	713.088 M ^{-0.76 %}	718.578 M ^{0.00 %}	718.578 M
Total current assets	901.617 M ^{-4.64 %}	945.505 M ^{18.09 %}	800.634 M ^{-16.45 %}	958.273 M ^{33.36 %}	718.578 M ^{-23.43 %}	938.409 M
Inventory	2.304 M ^{-3.64 %}	2.391 M ^{-31.65 %}	3.498 M ^{-4.97 %}	3.681 M	0.000 ^{-100.00 %}	10.992 M
Net receivables	237.953 M ^{52.25 %}	156.288 M ^{2.56 %}	152.394 M ^{11.31 %}	136.911 M	0.000 ^{-100.00 %}	112.311 M
Tax assets	0.000	0.000	0.000	0.000	0.000	0.000
Other assets	0.000	0.000	0.000	0.000	0.000	0.000
Account payables	73.310 M ^{76.26 %}	41.593 M ^{-7.03 %}	44.736 M ^{9.43 %}	40.882 M	0.000 ^{-100.00 %}	30.869 M
Tax payables	0.000	0.000 ^{-100.00 %}	8.701 M ^{-62.50 %}	23.201 M	0.000 ^{-100.00 %}	15.309 M
Deferred revenue non current	0.000	0.000	0.000	0.000	0.000	0.000
Minority interest	-5.644 M ^{-1.26 %}	-5.574 M ^{3.31 %}	-5.765 M ^{-5.43 %}	-5.468 M	0.000 ^{100.00 %}	-4.158 M
Capital lease obligations	20.756 M ^{597.92 %}	2.974 M ^{-49.32 %}	5.868 M ^{-63.30 %}	15.990 M	0.000 ^{-100.00 %}	25.796 M
Preferred stock	0.000	0.000 ^{-100.00 %}	1.946 B	0.000	0.000	0.000
Other total stockholders equity	0.000 ^{-100.00 %}	2.698 B ^{238.65 %}	-1.946 B	0.000 ^{100.00 %}	-4.158 M	0.000
Deferred tax liabilities non current	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	148.000 K
Other liabilities	0.000	0.000	0.000	0.000	0.000	0.000
Total assets	1.219 B ^{0.27 %}	1.216 B ^{18.64 %}	1.025 B ^{-11.02 %}	1.152 B	0.000 ^{-100.00 %}	1.261 B
	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31

	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31	2022-06-30
Deferred income tax	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Stock based compensation	950.000 K ^{-94.79 %}	18.236 M ^{-48.98 %}	35.743 M ^{-38.07 %}	57.717 M ^{-56.72 %}	133.347 M ^{4 408.01 %}	2.958 M ^{-60.62 %}	7.511 M
Change in working capital	0.000 ^{-100.00 %}	30.864 M ^{359.60 %}	-11.889 M ^{-199.66 %}	11.930 M ^{130.52 %}	-39.084 M ^{-145.44 %}	86.016 M ^{221.32 %}	-70.897 M
Accounts receivables	0.000 ^{-100.00 %}	974.000 K ^{-88.88 %}	8.758 M ^{163.60 %}	-13.770 M ^{56.72 %}	-31.815 M ^{-283.47 %}	17.341 M ^{151.99 %}	-33.354 M
Inventory	0.000 ^{-100.00 %}	1.107 M ^{504.92 %}	183.000 K ^{-95.00 %}	3.657 M ^{0.08 %}	3.654 M ^{867.65 %}	-476.000 K ^{74.12 %}	-1.839 M
Accounts payables	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	4.355 M
Other working capital	0.000 ^{-100.00 %}	28.783 M ^{238.18 %}	-20.830 M ^{-1 275.51 %}	1.772 M ^{116.22 %}	-10.923 M ^{-177.61 %}	14.074 M ^{-6.28 %}	15.018 M
Other non cash items	-4.667 M ^{85.62 %}	-32.448 M ^{-110.86 %}	298.786 M ^{95.84 %}	152.567 M ^{185.02 %}	53.528 M ^{14 685.29 %}	-367.000 K ^{99.30 %}	-52.151 M
Net cash provided by operating activities	0.000 ^{100.00 %}	-39.053 M ^{65.47 %}	-113.089 M ^{-2 956.46 %}	-3.700 M ^{96.13 %}	-95.630 M ^{-240.79 %}	67.923 M ^{151.38 %}	-132.199 M
Investments in property plant and equipment	0.000 ^{100.00 %}	-2.823 M ^{-727.86 %}	-341.000 K ^{85.73 %}	-2.390 M ^{27.64 %}	-3.303 M ^{-241.22 %}	-968.000 K ^{69.52 %}	-3.176 M
Acquisitions net	0.000	0.000	0.000 ^{-100.00 %}	6.989 M	0.000	0.000 ^{100.00 %}	-33.545 M
Purchases of investments	0.000	0.000	0.000 ^{100.00 %}	-347.000 M	0.000 ^{100.00 %}	-610.000 M ^{46.05 %}	-1.131 B
Sales maturities of investments	0.000	0.000	0.000 ^{-100.00 %}	376.187 M	0.000 ^{-100.00 %}	610.000 M ^{-33.21 %}	913.370 M
Other investing activites	0.000 ^{100.00 %}	-2.206 M ^{-133.10 %}	6.665 M ^{-87.18 %}	51.984 M ^{-59.68 %}	128.923 M ^{299 720.93 %}	43.000 K ^{-99.93 %}	65.210 M
Net cash used for investing activites	0.000 ^{100.00 %}	-5.029 M ^{-179.52 %}	6.324 M ^{-93.07 %}	91.190 M ^{-27.41 %}	125.620 M ^{1 544.89 %}	7.637 M ^{103.87 %}	-197.441 M
Debt repayment	0.000	0.000	0.000 ^{100.00 %}	-788.000 K	0.000 ^{100.00 %}	-310.000 K ^{97.35 %}	-11.704 M
Common stock issued	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Common stock repurchased	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Dividends paid	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other financing activites	0.000	0.000 ^{100.00 %}	-12.370 M ^{-166.48 %}	-4.642 M ^{67.37 %}	-14.225 M ^{-890.60 %}	-1.436 M ^{-431.85 %}	-270.000 K
Net cash used provided by financing activities	0.000	0.000 ^{100.00 %}	-12.370 M ^{-127.81 %}	-5.430 M ^{61.83 %}	-14.225 M ^{-714.72 %}	-1.746 M ^{85.42 %}	-11.974 M
Effect of forex changes on cash	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Net change in cash	0.000	0.000 ^{100.00 %}	-59.568 M ^{-148.17 %}	123.671 M ^{1 468.93 %}	7.883 M ^{-89.32 %}	73.814 M ^{127.56 %}	-267.800 M
Cash at beginning of period	0.000	0.000 ^{-100.00 %}	275.464 M ^{30.33 %}	211.360 M ^{-13.76 %}	245.089 M ^{50.00 %}	163.392 M ^{-73.58 %}	618.386 M
Cash at end of period	0.000	0.000 ^{100.00 %}	-59.568 M ^{-117.78 %}	335.031 M ^{32.44 %}	252.971 M ^{6.65 %}	237.206 M ^{-10.97 %}	266.436 M
Operating cash flow	0.000 ^{100.00 %}	-39.053 M ^{65.47 %}	-113.089 M ^{-2 956.46 %}	-3.700 M ^{96.13 %}	-95.630 M ^{-240.79 %}	67.923 M ^{155.69 %}	-121.958 M
Capital expenditure	0.000 ^{100.00 %}	-2.823 M ^{-727.86 %}	-341.000 K ^{86.03 %}	-2.441 M ^{26.10 %}	-3.303 M ^{-241.22 %}	-968.000 K ^{77.18 %}	-4.242 M
Free CashFlow	0.000 ^{100.00 %}	-41.876 M ^{63.08 %}	-113.430 M ^{-1 747.09 %}	-6.141 M ^{93.79 %}	-98.933 M ^{-247.76 %}	66.955 M ^{153.05 %}	-126.200 M
	2025	2024	2024	2023	2023	2022	2022

Date	Form 10K
2024	https://www1.hkexnews.hk/search/titlesearch.xhtml
2023	https://www1.hkexnews.hk/search/titlesearch.xhtml
2022	https://www1.hkexnews.hk/search/titlesearch.xhtml
2021	https://www1.hkexnews.hk/search/titlesearch.xhtml
2020	https://www1.hkexnews.hk/search/titlesearch.xhtml

Baiwang Co., Ltd. 6657.HK

Finances

Baiwang Co., Ltd. ^6657.HK