Stock code: 688525 Stock abbreviation: BIWIN Storage

Shenzhen BIWIN Storage Technology Co., Ltd

Q3 2024 Report

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

The Board of Directors, the Board of Supervisors, the directors, supervisors and senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete, and that there are no false records, misleading statements or material omissions, and bear individual and joint legal liabilities.

The person in charge of the company, the person in charge of accounting and the person in charge of the accounting institution (accounting supervisor) shall ensure the truthfulness, accuracy and completeness of the financial information in the quarterly report.

Whether the third quarter financial statements are audited

□ Yes √ No

1. Key financial data

(i) Key accounting data and financial indicators

Unit: Yuan Currency: RMB

This reporting period is the same as the beginning of the previous year

Item Current reporting period Year-on-year increase and decrease Year-end to reporting period Year-end comparison

Dynamic amplitude (%) increased and decreased over the same period

Dynamic amplitude (%)

Operating income 1,584,412,319.72 62.64 5,025,192,641.64 136.76

Attributable to shareholders of listed companies -55,244,455.80 70.54 228,116,450.89 147.13

net profit

Attributable to shareholders of listed companies -59,705,704.60 67.82 224,541,823.47 146.07

deduction of non-recurring gains and losses

net profit

Cash from operating activities N/A N/A 495,263,943.28 127.09

Net traffic

Basic earnings per share (RMB/-0.13 70.45 0.51 145.54

shares)

Diluted earnings per share (RMB/-0.13 70.45 0.51 145.54

shares)

Weighted average return on equity -2.85 increased by 6.27 9.83 increased by 31.79

Rate (%) percentage points

Total R&D investment 128,529,908.42 71.82 338,855,218.29 123.63

R&D investment accounted for 8.11 operating income, an increase of 0.43 and 6.74, a decrease of 0.4

Percentage (%) percentage points

At the end of the reporting period

The end of the reporting period was the end of the previous year and the end of the previous year

Change in increment or decrease

Degree (%)

Total assets 7,414,519,609.22 6,332,400,734.15 17.09

Attributable to shareholders of listed companies 2,451,545,059.76 1,928,295,862.72 27.14

Owner's interest

Note: 1. "The reporting period" refers to the three-month period from the beginning of the quarter to the end of the quarter, the same below;

2. The formula for calculating the increase or decrease ratio in the table in this report is: if the data in the same period of the previous year is negative, the change ratio = (data from the current reporting period or the beginning of the year to the end of the reporting period - data of the same period of the previous year or data at the end of the previous year) / the absolute value of the data of the same period of the previous year or the end of the previous year.

The changes in performance for the reporting period are briefly described as follows:

1. During the reporting period and the first three quarters of 2024, the company's net profit attributable to the parent company, net profit attributable to the parent after deducting non-recurring profits, basic earnings per share, diluted earnings per share and basic earnings per share after deducting non-recurring gains and losses, operating income, and R&D investment increased significantly compared with the same period last year, mainly due to:

(1) The storage industry recovered, and the company's business grew significantly. In the first three quarters of 2024, the company firmly grasped the upward opportunities of the industry, vigorously expanded first-line customers at home and abroad, achieved a breakthrough in market and business growth, product sales increased significantly year-on-year, and the company's total operating income increased by 136.76% year-on-year; At the same time, product prices rebounded year-on-year, and the company's comprehensive gross profit margin in the first three quarters increased by 25.99 percentage points year-on-year, of which the operating income in the third quarter increased by 62.64% year-on-year;

(2) The company continues to increase R&D investment in the fields of solution research and development, chip design, advanced packaging and testing and testing equipment.

The R&D expenses in the first three quarters of 2024 were 338.8552 million yuan, a year-on-year increase of 123.63%, of which the R&D expenses in the third quarter were 12,852.99

10,000 yuan, a year-on-year increase of 71.82%;

(3) The company's share-based payment expenses in the first three quarters of 2024 will be 296.75 million yuan, after excluding share-based payment expenses, in 2024

the net profit attributable to shareholders of listed companies in the first three quarters was 524.8664 million yuan, a year-on-year increase of 208.44%; Among them, the share-based payment expenses in the third quarter were 99.348 million yuan, and the net profit attributable to shareholders of listed companies in the third quarter reporting period was 44.1035 million yuan, a year-on-year increase of 123.52%.

2. In the first three quarters of 2024, the company's net cash flow from operating activities was 495.2639 million yuan, a year-on-year increase

127.09%, mainly due to the company's vigorous development of domestic and foreign first-line customers, sales volume and sales increased significantly.

(ii) Items and amounts of non-recurring gains and losses

√ Applicable □ Not applicable

Unit: Yuan Currency: RMB

Non-recurring profit and loss items Amount for the period From the beginning of the year to the end of the reporting period Description

amount

Gains and losses on disposal of illiquid assets, including accrued -214,032.95 -64,920.36

The write-off portion of the provision for impairment of assets

Government subsidies included in the profit or loss for the current period, but the same as the public 1,669,735.96 13,613,014.21

The normal business of the company is closely related to and in line with the country

The policy stipulates that it shall be enjoyed in accordance with the established standards

Yes, the policy that has a continuous impact on the company's profit and loss

Except for government subsidies

Effective 3,908,556.34 -8,831,522.41 in addition to the company's normal business operations

Except for hedging business, it is held by non-financial enterprises

Fair value arising from financial assets and financial liabilities

gains and losses on changes in value, as well as disposals of financial assets and gold

Profit or loss arising from financing liabilities

Included in the current profit or loss is charged to non-financial enterprises

Occupancy fees

Profit or loss on entrusting others to invest or manage assets

Profit or loss from external entrusted loans

Due to force majeure factors, such as natural disasters

and the loss of various assets

Impairment of receivables that are tested separately for impairment

Prepare to turn back

Enterprises acquire subsidiaries, associates and joint ventures

The investment cost of the enterprise is less than when the investment is obtained

Enjoy the fairness of the investee's identifiable net assets

Earnings generated by value

Subsidiaries resulting from a business combination under the same control

Net profit or loss for the period from the beginning to the date of consolidation

Gains or losses on the exchange of non-monetary assets

Debt restructuring gains and losses

The enterprise is caused by the cessation of the relevant business activities

One-time expenses for students, such as the payment of resettlement workers

out and so on

Due to the adjustment of laws and regulations such as taxation and accounting

One-time impact on profit or loss for the period

One-time cancellation or modification of the equity incentive plan

Confirmed share-based payment fees

For cash-settled share-based payments, where feasible

The fair value of the remuneration payable to the employee after the right date

Profit or loss due to changes in value

Non-recurring profit and loss items Amount for the period From the beginning of the year to the end of the reporting period Description

amount

The fair value model is used for subsequent measurement

Resulting from changes in the fair value of investment real estate

Income

Proceeds arising from transactions where the price of the transaction is clearly unfair

benefit

Contingencies unrelated to the normal operation of the company's business

Profit or loss arising from the item

Custody fee income obtained from entrusted operations

Other non-operating income other than the above items 233,851.95 -109,927.75

and expenditures

Other gains and losses that meet the definition of non-recurring profit or loss

project

Less: Income tax impact 897,204.67 679,368.29

Impact of minority interests (after tax) 239,657.83 352,647.98

Total 4,461,248.80 3,574,627.42

The reasons should be explained for the company to identify the items not listed in the Explanatory Announcement No. 1 on Information Disclosure of Companies Offering Securities to the Public as non-recurring profit and loss items and the amount is significant, and the non-recurring profit and loss items listed in the Explanatory Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1 - Extraordinary Profit and Loss as recurring profit and loss, the reasons should be explained.

□ Applicable √ Not applicable

(3) The circumstances and reasons for changes in the main accounting data and financial indicators

√ Applicable □ Not applicable

Project Name Percentage of Change (%) Main Reasons

70.54 net profit attributable to shareholders of listed companies, net profit attributable to the parent company after deducting non-profits

Net profit, basic earnings per share, diluted earnings per share for the reporting period

67.82 attributable to shareholders of the listed company and basic per share after deducting non-recurring gains and losses

Net income, total operating income and R&D investment after deducting non-recurring gains and losses were higher

Profit_ The same period of the reporting period increased significantly, mainly due to: (1)

Basic earnings per share_70.45 in the reporting period The industry recovered, and the company's business grew significantly.

Diluted earnings per share_70.45 in the reporting period The company firmly grasped the industry in the first three quarters of 2024

Total Operating Income_This Report 62.64 Upside Opportunities, Vigorously Expand Domestic and Foreign First-tier Customers

Subscribers, to achieve market and business growth

Total R&D investment_ 71.82 in the reporting period, product sales increased significantly year-on-year, the company

147.13 total operating income attributable to shareholders of listed companies increased by 136.76% year-on-year; same

Net profit from the beginning of the year to the end of the reporting period, product prices continued to rise, and the company's gross profit

the rate attributable to shareholders of listed companies increased by 25.99 percentage points year-on-year to 146.07; （2）

Net companies that deduct non-recurring gains and losses are in solution research and development, chip design,

Profit_From the beginning of the year to the end of the reporting period, advanced packaging and testing equipment and other fields continued to increase

The weighted average return on equity was 144.76 large R&D investment, and vigorously introduced industry excellence

From the beginning of the year to the end of the reporting period, R&D expenses for the first three quarters of 2024

Project Name Percentage of Change (%) Main Reasons

Basic earnings per share from the beginning of the year to 145.54 338.8597 million yuan, a year-on-year increase

123.63% at the end of the closing period.

Diluted earnings per share ended the year at 145.54

Closing period

Total operating income was 136.76 at the beginning of the year

At the end of the reporting period

Total R&D investment was reported at the beginning of the year at 123.63

Closing period

Cash flow from operating activities 75.94 Increase in net cash flow from operating activities

Net amount_This reporting period is mainly due to the company's vigorous development of domestic and foreign ones

Cash flow from operating activities was 127.09 line customers, and sales volume and sales increased significantly

Net amount_ from the beginning of the year to the end of the reporting period.

Note: If the data involved in the above indicators are negative, they have been disclosed in absolute terms.

2. Shareholder information

(1) The total number of ordinary shareholders and the number of preferred shareholders whose voting rights have been restored, and the shareholding status of the top 10 shareholders

Unit: shares

The total number of ordinary shareholders at the end of the reporting period was 42,666 and the voting rights restored at the end of the reporting period were 0

Number of First Shareholders (if any)

Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)

Pledge, target

Holdings: Holdings: Limited, including refinancing, recording or freezing

Name of Shareholder Number of Shares Held Proportion Conditional Shares Loaned Shares

Nature (%) Number of Shares Number of Restricted Shares Number of Shares

Quantity Status Quantity

domestic

Sun Chengsi Nature 81,136,000 18.81 80,936,000 80,936,000 None 0

person

Huaxin Investment Management Limited Liability

Company - National IC production State-owned 36,885,396 8.55 0 0 N/A 0

The second phase of the industrial investment fund has a legal person

Limited to companies

China Merchants Bank Co., Ltd

-ChinaAMC SSE Science and Technology Innovation Board 50 Others 19,826,352 4.60 0 0 None 0

exchange-traded open-ended index warrants

Bond investment funds

Shanghai Beyond Moore Private Equity Fund

Management Co., Ltd. - Shanghai Super Other 12,344,006 2.86 0 0 None 0

Viet Moore Equity Investment Fund

Partnership (Limited Partnership)

Industrial and Commercial Bank of China Co., Ltd

Company-E Fund SSE Kechuang Other 12,184,022 2.83 0 0 None 0

Board 50 Component Trading Open

Index Securities Investment Funds

Baitai (Shenzhen) enterprise management

Consulting partnership (limited contract Other 8,000,000 1.86 8,000,000 8,000,000 N/A 0

Gang)

China Internet Investment Fund Management

China Internet Others 7,422,410 1.72 0 0 None 0

Net Investment Fund (Limited Partnership

Gang)

domestic

Xu Jianfeng Nature 6,009,000 1.39 6,000,000 6,000,000 None 0

person

Shenzhen Red Earth Intelligent Equity Investment

Asset Management Co., Ltd. - Guangdong

Hongfu Galaxy Red Earth Venture Capital Other 5,897,986 1.37 0 0 None 0

Fund Partnership (Limited Partnership)

Gang)

Huizhou Red Earth Investment Management Co., Ltd

Company-Zhuhai Hongtu Zhanlu Other 5,881,823 1.36 0 0 None 0

Equity Investment Partnership (Yes

Partnership Only)

Shareholdings of the top 10 unrestricted shareholders (excluding shares lent through refinancing)

Name of shareholder The type and number of shares held in unrestricted tradable shares

Quantity Type of shares Quantity

Huaxin Investment Management Limited Liability

Company - 36,885,396 RMB ordinary shares 36,885,396

The second phase of the industrial investment fund shares have

Limited to companies

China Merchants Bank Co., Ltd

-ChinaAMC SSE STAR Market 50 into 19,826,352 RMB ordinary shares 19,826,352

exchange-traded open-ended index warrants

Bond investment funds

Shanghai Beyond Moore Private Equity Fund

Management Co., Ltd. - Shanghai Super 12,344,006 RMB ordinary shares 12,344,006

Viet Moore Equity Investment Fund

Partnership (Limited Partnership)

Industrial and Commercial Bank of China Co., Ltd

Company-E Fund SSE Kechuang 12,184,022 RMB ordinary shares 12,184,022

Board 50 Component Trading Open

Index Securities Investment Funds

China Internet Investment Fund Management

China Internet 7,422,410 RMB ordinary shares 7,422,410

Net Investment Fund (Limited Partnership

Gang)

Shenzhen Red Earth Intelligent Equity Investment

Asset Management Co., Ltd. - Guangdong

Hongfu Galaxy Red Earth Venture Capital 5,897,986 RMB ordinary shares 5,897,986

Fund Partnership (Limited Partnership)

Gang)

Huizhou Red Earth Investment Management Co., Ltd

Company - Zhuhai Hongtu Zhanlu 5,881,823 RMB ordinary shares 5,881,823

Equity Investment Partnership (Yes

Partnership Only)

Agricultural Bank of China Co., Ltd

Company-CSI 500 Exchange Traded 5,189,416 RMB ordinary shares 5,189,416

Open-ended index securities investment base

gold

Zhou Zhengxian 4,643,293 RMB ordinary shares 4,643,293

Guotong Zhaoxin (Ningbo) started a business

Investment Partnership (Limited Shares 4,460,000 RMB 4,460,000 Ordinary Shares

Gang)

The above-mentioned shareholder affiliation may not apply

Instructions for action

Top 10 shareholders and top 10

Participation of unrestricted shareholders in financing is not applicable

securities and refinancing business said

Ming (if any)

Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participate in the lending of shares in the refinancing business

√ Applicable □ Not applicable

Unit: shares

Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participate in the lending of shares in the refinancing business

Ordinary account at the beginning of the period, refinancing at the beginning of the period, ordinary account at the end of the period, and credit refinancing at the end of the period

Name of Shareholder Credit Account Shares Held and Not Returned Account Shares Shares Not Returned

(Full name) Quantity Proportion Quantity Proportion Quantity Total Proportion Quantity Total Proportion

Total (%) Total (%) (%)

China Merchants Bank

Limited shares

Company - Hua

Xia Shangzheng Branch 351,800 0.08 8,200 0.00 19,826,352 4.60 0 0.00

Genesis 50

Ingredient Trading

type open-ended

Index securities

investment fund

Note: The shareholding ratio at the beginning of the period is calculated based on the total share capital of the Company as of December 31, 2023.

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared to the previous period due to the refinancing loan/repayment

□ Applicable √ Not applicable

3. Other reminders

Other important information about the company's operations in the reporting period that investors need to be reminded of

□ Applicable √ Not applicable

Quarterly financial statements

(i) Type of audit opinion

□ Applicable √ Not applicable

(ii) Financial statements

Consolidated balance sheet

September 30, 2024

Preparation unit: Shenzhen BIWIN Storage Technology Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project September 30, 2024 December 31, 2023

Liquid asset:

Monetary funds 721,259,790.93 339,271,584.47

Settlement Provisions

Lending funds

Tradable financial assets 895,491.13 6,535,187.30

Derivative financial assets

Notes receivable

Accounts receivable 449,292,026.98 613,677,121.30

Receivables financing 92,457.48 1,000,000.00

Prepayments 258,402,396.27 183,410,956.35

Premiums receivable

Reinsurance receivables

Reserve for reinsurance contracts receivable

Other receivables 25,375,460.00 48,142,253.22

Where: interest receivable

Dividends receivable

Buy and sell back financial assets

Inventories 3,741,450,594.98 3,552,219,332.83

Where: data resources

Contract Assets

Assets held for sale

Non-current assets that mature within one year

Other current assets 197,240,862.01 136,192,578.67

Total current assets 5,394,009,079.78 4,880,449,014.14

Non-current assets:

Loans and advances are issued

Debt investment

Other debt investments

Long-term receivables

Long-term equity investment

Investments in other equity instruments

Other non-current financial assets 54,030,000.00 50,130,000.00

Investment real estate

Fixed assets 1,113,545,947.69 846,296,736.79

Construction in progress 228,900,512.18 275,289,588.61

Productive biological assets

Oil and gas assets

Right-of-use assets 16,547,170.57 14,147,011.85

Intangible assets 160,061,441.27 61,623,179.02

Where: data resources

Development expenditures

Where: data resources

goodwill

Long-term amortized expenses 31,242,542.65 23,937,168.37

Deferred tax assets 129,354,336.75 164,272,494.08

Other non-current assets 286,828,578.33 16,255,541.29

Total non-current assets 2,020,510,529.44 1,451,951,720.01

Total assets 7,414,519,609.22 6,332,400,734.15

Current Liabilities:

Short-term borrowings 2,995,208,202.97 2,800,452,326.32

Borrowing from the Central Bank

Split funds

Transactional financial liabilities 3,442,922.50 2,050,350.46

Derivative financial liabilities

Notes payable 37,488,105.81 9,055,420.51

Accounts payable 540,871,925.94 691,741,659.40

Advance Receipts

Contract liabilities 50,714,140.67 18,352,840.85

Proceeds from the sale and repurchase of financial assets

Absorption of deposits and interbank deposits

Acting as an agent for the purchase and sale of securities

Acting as an agent for underwriting securities

Employee compensation payable 27,642,911.17 34,884,264.83

Taxes payable 26,809,485.10 18,132,367.90

Other accounts payable 48,720,176.37 54,065,661.70

Where: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payable

Liabilities held for sale

Non-current liabilities due within one year 386,752,498.78 268,668,569.78

Other current liabilities 4,123,701.83 1,040,990.08

Total current liabilities 4,121,774,071.14 3,898,444,451.83

Non-current liabilities:

Reserve for insurance contracts

Long-term borrowings 815,641,070.65 503,000,000.00

Bonds payable

Among them: preferred shares

Perpetual bonds

Lease liabilities 11,259,689.34 7,572,044.61

Long-term payables

Long-term payable employee compensation

Projected liabilities

Deferred income 1,763,759.18 2,257,279.40

Deferred income tax liabilities 607,178.39 4,406.09

Other non-current liabilities

Total non-current liabilities 829,271,697.56 512,833,730.10

Total liabilities 4,951,045,768.70 4,411,278,181.93

Owner's Equity (or Shareholders' Equity):

Paid-up capital (or share capital) 431,240,342.00 430,329,136.00

Other Equity Instruments

Among them: preferred shares

Perpetual bonds

Capital reserve 2,251,291,200.63 1,955,541,474.67

Less: Treasury shares

Other comprehensive income 436,346.73 1,964,532.54

Special reserves

Surplus reserve 22,039,457.05 22,039,457.05

General Risk Provisions

Undistributed profit -253,462,286.65 -481,578,737.54

Equity attributable to owners of the parent company (or shareholders' rights 2,451,545,059.76 1,928,295,862.72

benefit) total

Minority interests 11,928,780.76 -7,173,310.50

Total owners' equity (or shareholders' equity) 2,463,473,840.52 1,921,122,552.22

Liabilities and owners' equity (or shareholders' rights 7,414,519,609.22 6,332,400,734.15

benefit) total

Person in charge of the company: Sun Chengsi Person in charge of accounting: Huang Yanfeng Person in charge of accounting institution: Zhang Namin

Consolidated income statement

January-September 2024

Preparation unit: Shenzhen BIWIN Storage Technology Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project Q3 2024 Q3 2023

(January-September) (January-September)

1. Total operating income 5,025,192,641.64 2,122,454,436.79

Among them: operating income 5,025,192,641.64 2,122,454,436.79

Interest income

Premiums earned

Fee and commission income

2. Total operating costs 4,758,972,745.41 2,597,902,306.23

Including: operating costs 3,893,833,271.52 2,196,210,075.09

Interest expense

Handling fees and commission expenses

Surrender Benefit

Net payout expense

Draw down the net amount of insurance liability reserves

Policy dividend payouts

Reinsurance costs

Taxes and surcharges 6,771,227.40 3,227,737.38

Selling expenses 179,230,279.83 107,082,841.18

Administrative expenses 232,721,923.01 83,802,979.33

R&D expenses 338,855,218.29 151,524,779.20

Financial expenses 107,560,825.36 56,053,894.05

Including: interest expense 104,453,343.70 63,804,165.21

Interest income 4,091,588.73 2,806,291.49

Add: Other income 29,656,655.82 10,043,198.69

Investment income (loss is listed with "-") -6,297,105.40 2,326,536.20

Among them: for associates and joint ventures

Investment income

Gold financing at amortized cost

Proceeds are recognized at the end of production

Exchange gain (loss is indicated with a "-")

Net exposure hedging gain (losses are marked with a "-".)

columns)

Fair value change gain (loss is marked by "-" -2,534,417.01 -7,837,444.61

Fill in the columns)

Credit impairment loss (loss is marked with "-" 1,326,144.72 -1,390,452.33

columns)

Asset impairment loss (-28,014,260.27 -90,328,521.62

columns)

Gain on disposal of assets (loss with "-") 141,735.13 23,734.31

columns)

3. Operating profit (loss is listed with "-") 260,498,649.22 -562,610,818.80

Add: Non-operating income 256,070.28 783,388.19

Less: Non-operating expenses 572,653.52 578,041.62

4. Total profit (total loss is listed with "-") 260,182,065.98 -562,405,472.23

Less: Income tax expense 50,474,023.83 -78,393,384.53

5. Net profit (net loss is listed with "-") 209,708,042.15 -484,012,087.70

(1) Classification according to business continuity

1. Net profit from continuing operations (net loss is measured in "-" 209,708,042.15 -484,012,087.70

number)

2. Net profit from discontinued operations (net loss is denoted by "-"

number)

(2) Classification according to ownership ownership

1. Net profit attributable to shareholders of the parent company 228,116,450.89 -484,012,087.70

(Net loss is indicated with a "-" sign)

2. Minority shareholders' profit and loss (net loss is marked by "-" -18,408,408.74

Fill in the columns)

6. Net after-tax of other comprehensive income -1,528,185.81 -3,038,329.44

(1) Other comprehensive attributable to owners of the parent company -1,528,185.81 -3,038,329.44

Net amount after tax on gains

1. Other comprehensive income that cannot be reclassified into profit or loss

benefit

(1) Re-measurement of changes in defined benefit plans

forehead

(2) Other items that cannot be converted into profit or loss under the equity method

Comprehensive income

(3) Fair value of investments in other equity instruments

fluctuation

(4) The fair value of the enterprise's own credit risk

fluctuation

2. Other comprehensive income reclassified into profit or loss -1,528,185.81 -3,038,329.44

(1) Other comprehensive transferable gains and losses under the equity method

Earnings

(2) Changes in the fair value of other debt investments

(3) The reclassification of financial assets is included in other comprehensives

The amount of the combined income

(4) Other credit impairment provisions for debt investments

(5) Cash flow hedging reserves

(6) Difference in translation of foreign currency financial statements -1,528,185.81 -3,038,329.44

(7) Miscellaneous

(2) Other comprehensive income attributable to minority shareholders

net after-tax of benefits

7. Total comprehensive income 208,179,856.34 -487,050,417.14

(1) Comprehensive income attributable to owners of the parent company 226,588,265.08 -487,050,417.14

Total benefit

(2) Total comprehensive income attributable to minority shareholders -18,408,408.74

forehead

8. Earnings per share:

(1) Basic earnings per share (RMB/share) 0.51 -1.12

(2) Diluted earnings per share (RMB/share) 0.51 -1.12

In the event of a business combination under the same control in the current period, the net profit realized by the merged party before the merger was 0 yuan, and the net profit realized by the merged party in the previous period was 0 yuan.

Person in charge of the company: Sun Chengsi Person in charge of accounting: Huang Yanfeng Person in charge of accounting institution: Zhang Namin

Consolidated Statement of Cash Flows

January-September 2024

Preparation unit: Shenzhen BIWIN Storage Technology Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project Q3 2024 Q3 2023

(January-September) (January-September)

1. Cash flow from operating activities:

Cash received from the sale of goods and the provision of services 5,444,828,671.18 2,256,377,044.38

Net increase in customer deposits and interbank deposits

Net increase in borrowing from the central bank

Net increase in borrowing and lending to other financial institutions

Cash received from the premium of the original insurance contract

Net cash received from reinsurance business

Net increase in policyholders' savings and investments

Cash for interest, fees and commissions

Net increase in borrowed funds

Net increase in funds from repurchase operations

Net cash received from agents to buy or sell securities

Tax refunds received 154,018,636.79 127,662,780.58

Other cash received related to operating activities 70,727,628.98 24,843,536.71

Subtotal cash inflow from operating activities 5,669,574,936.95 2,408,883,361.67

Cash for goods and services 4,609,069,966.18 3,865,720,659.90

Net increase in customer loans and advances

Net increase in deposits with central banks and interbank funds

Cash payment of the original insurance contract indemnity

Net increase in funds withdrawn

Cash for interest, fees and commissions

Cash to pay policy dividends

Cash paid to and on behalf of employees 333,461,122.94 196,263,636.98

Taxes paid 60,272,091.24 21,498,090.74

Other cash paid related to operating activities 171,507,813.31 153,949,307.74

Subtotal cash outflow from operating activities 5,174,310,993.67 4,237,431,695.36

Net cash flow from operating activities 495,263,943.28 -1,828,548,333.69

2. Cash flow from investment activities:

Cash received from recovery of investments 661,771.31

Cash received from investment income 644,469.01 250,856.16

Disposal of fixed assets, intangible assets and other long-term 601,625.00

Net cash recovered from assets

Disposal of cash received by subsidiaries and other business units

Net gold

Other cash received related to investing activities 57,108,507.99

Subtotal cash inflows from investing activities 1,907,865.32 57,359,364.15

Acquisition and construction of fixed assets, intangible assets and other long-term 728,819,776.49 318,826,894.41

Cash paid for assets

Cash paid for investments 3,900,000.00 15,130,000.00

Net increase in pledged loans

Cash paid by subsidiaries and other business units

Net gold

Other cash payments related to investing activities 20,006,784.60 56,806,040.00

Subtotal cash outflow from investing activities 752,726,561.09 390,762,934.41

Net cash flow from investing activities -750,818,695.77 -333,403,570.26

3. Cash flow from financing activities:

Cash received from investments was 57,421,408.99

Among them: the subsidiary received 37,510,500.00 from absorbing minority shareholders' investment

of cash

Cash received from borrowings 4,011,370,385.85 3,230,959,122.77

Other cash received related to fundraising activities amounted to 295,524,098.01

Subtotal cash inflow from financing activities 4,364,315,892.85 3,230,959,122.77

Cash paid for debt repayment 3,353,785,078.88 1,254,903,716.53

Dividends, profits or interest payments are now 82,310,423.85 55,990,573.39

gold

Where: shares paid by subsidiaries to minority shareholders

profits, profits

Other cash payments related to financing activities 335,966,539.27

Subtotal cash outflow from financing activities 3,772,062,042.00 1,310,894,289.92

Net cash flow from financing activities 592,253,850.85 1,920,064,832.85

4. Effect of exchange rate changes on cash and cash equivalents 4,831,398.61 -10,742,693.37

sound

5. Net increase in cash and cash equivalents 341,530,496.97 -252,629,764.47

Add: Opening cash and cash equivalents balance 132,141,776.41 798,023,848.20

6. Balance of cash and cash equivalents at the end of the period 473,672,273.38 545,394,083.73

Person in charge of the company: Sun Chengsi Person in charge of accounting: Huang Yanfeng Person in charge of accounting institution: Zhang Namin

The first implementation of new accounting standards or interpretations of standards from 2024 onwards involves adjustments to the financial statements at the beginning of the year in which they were first implemented

□ Applicable √ Not applicable

The announcement is hereby made.

Board of Directors of Shenzhen BIWIN Storage Technology Co., Ltd

October 31, 2024