[Billion] Announcement regarding self-consolidated financial report for April 2026
Billion Electric released its financial status for April. Arbitration for debt collection from Chinese entities is ongoing, with the ruling deadline extended to late June.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:10 (1h 10m after Collected)
1. Date of event: 2026/05/20
2. Company name: Billion Electric Co., Ltd.
3. Relationship to company: Parent company
4. Cross-shareholding percentage: N/A
5. Reason for event: In accordance with Taiwan Stock Exchange regulations, the company discloses monthly self-consolidated financial information including receivables, asset/capital ratios, overdue status, and collections.
Data as of 2026/04/30 (Unit: NT$ thousands)
- Receivables balance: 208,254
- % of assets: 6.52%
- % of paid-in capital: 16.05%
- Non-overdue amount: 39,775
- Overdue amount: 168,749
- Collections from 2026/04/01 to 2026/04/30: 0
6. Response measures: Refer to other disclosed information.
7. Other matters:
a. As of 2026/04/30, recognized bad debt provision is NT$168,749,000.
b. Asset protection: The company has engaged professional legal counsel to submit an arbitration application to the South China International Economic and Trade Arbitration Commission to recover US$4,458,769 from China Putian Information and Putian International Trade. The company will exert maximum effort to protect shareholder interests.
c. Working capital is sufficient for operations; no material impact on financial position.
d. The company received notice from the Shenzhen Court of International Arbitration extending the ruling deadline to June 30, 2026.
2. Company name: Billion Electric Co., Ltd.
3. Relationship to company: Parent company
4. Cross-shareholding percentage: N/A
5. Reason for event: In accordance with Taiwan Stock Exchange regulations, the company discloses monthly self-consolidated financial information including receivables, asset/capital ratios, overdue status, and collections.
Data as of 2026/04/30 (Unit: NT$ thousands)
- Receivables balance: 208,254
- % of assets: 6.52%
- % of paid-in capital: 16.05%
- Non-overdue amount: 39,775
- Overdue amount: 168,749
- Collections from 2026/04/01 to 2026/04/30: 0
6. Response measures: Refer to other disclosed information.
7. Other matters:
a. As of 2026/04/30, recognized bad debt provision is NT$168,749,000.
b. Asset protection: The company has engaged professional legal counsel to submit an arbitration application to the South China International Economic and Trade Arbitration Commission to recover US$4,458,769 from China Putian Information and Putian International Trade. The company will exert maximum effort to protect shareholder interests.
c. Working capital is sufficient for operations; no material impact on financial position.
d. The company received notice from the Shenzhen Court of International Arbitration extending the ruling deadline to June 30, 2026.
FAQ
What is the status of Billion Electric's debt collection?
Arbitration is ongoing, with the ruling deadline extended to the end of June 2026.
Is there an impact on company operations?
No significant impact on operations is reported; current funding is sufficient.
How much provision for bad debts has been recognized?
168.749 million New Taiwan Dollars has been recognized.