---
title: "Biwin (688525.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688525.SH/norm.md"
symbol: "688525.SH"
name: "Biwin"
parent: "https://longbridge.com/en/quote/688525.SH.md"
datetime: "2026-05-20T02:41:38.637Z"
locales:
  - [en](https://longbridge.com/en/quote/688525.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688525.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688525.SH/norm.md)
---

# Biwin (688525.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 5.96 | 1.41 | 0.6130 | -0.0620 | -0.4600 |
| ROE | 166.22% | 65.06% | 23.08% | -3.48% | -33.58% |
| Revenue | 6.81B | 4.73B | 2.66B | 2.37B | 1.54B |
| Net income | 2.90B | 822.62M | 256.21M | -28.30M | -197.50M |
| Operating income | 3.30B | 1.02B | 269.39M | 106415.00 | -225.51M |
| Gross margin | 53.30% | 32.01% | 21.16% | 13.53% | 1.99% |
| Net margin | 42.54% | 17.40% | 9.62% | -1.19% | -12.80% |
| Profit quality | -122.08% | -210.67% | -34.42% | -0.02% | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 24.48B | 15.52B | 13.19B | 11.56B | 9.38B |
| Leverage | 2.85 | 2.81 | 2.79 | 2.74 | 4.07 |
| BVPS | 18.08 | 11.65 | 10.02 | 9.11 | 5.32 |
| Turnover | 0.9790 | 0.9627 | 0.8002 | 0.7771 | 0.8220 |
| Cash & STI | 4.09B | 1.93B | 1.97B | 2.31B | 1.87B |
| Inv & Rec | 12.07B | 7.87B | 5.70B | 4.38B | 3.81B |
| LT assets | 3.05B | 3.01B | 2.52B | 1.77B | 1.60B |
| Net debt | 8.08B | 5.32B | 4.67B | 3.49B | 3.92B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -2.71B | -482.34M | -782.57M | -557.14M | -143.42M |
| Investing CF | -218.49M | -80.51M | -522.66M | -765.99M | -261.42M |
| Financing CF | 5.16B | 763.19M | 634.71M | 1.65B | 1.29B |
| Free CF | -3.95B | -629.98M | -1.69B | -1.30B | -393.12M |
| OCF coverage | -131.65% | -26.52% | -35.11% | -34.36% | -12.36% |
| Repaid & issued | 6.69B | 2.55B | 2.36B | 850.30M | 2.06B |
| CapEx | -177.05M | -353.17M | -214.94M | -687.32M | -265.07M |

## Distribution Plan

**Dividend Yield**: 0.07