The Sincere Company Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	34.19	10.95	92.69	98.19	54.09
Trading Asset Securities	0.14	0.85	3.69	1.38	2.31
Cash & Short-Term Investments	34.33	11.79	96.38	99.57	56.4
Cash Growth	191.10%	-87.76%	-3.20%	76.54%	-39.82%
Receivables	-	0.8	2.05	1.55	1.09
Inventory	26.14	37.62	29.84	29.37	34.4
Prepaid Expenses	34.23	15.88	33.85	32.23	26.38
Restricted Cash	1.1	11.22	11.28	84.28	102.15
Other Current Assets	-	-	-	2.18	30.08
Total Current Assets	95.8	77.31	173.4	249.17	250.5
Property, Plant & Equipment	14.86	16.08	189.26	218.73	263.99
Long-Term Investments	7.77	6.17	4.13	4.04	3.81
Other Long-Term Assets	194.97	244.39	225.83	210.75	195.16
Total Assets	313.39	343.94	592.62	682.69	713.46
Accrued Expenses	0.2	0.16	0.06	0.2	-
Short-Term Debt	-	-	71.9	260.26	159
Current Portion of Long-Term Debt	-	8.57	86.61	143.23	146.71
Current Portion of Leases	10.37	7.32	11.29	28.72	54.86
Current Income Taxes Payable	-	0.03	0.02	0.02	-
Current Unearned Revenue	1.4	1.42	1.38	1.32	2.12
Other Current Liabilities	63.87	64.04	81.88	55.72	68.78
Total Current Liabilities	75.84	81.54	253.13	489.47	431.47
Long-Term Debt	196.21	158.12	211.56	0.55	0.54
Long-Term Leases	2.8	6.32	0.62	10.84	39.56
Pension & Post-Retirement Benefits	2.21	1.78	1.67	1.08	-
Other Long-Term Liabilities	4.03	3.79	0.08	7.12	4.66
Total Liabilities	281.09	251.55	467.07	509.05	476.23
Common Stock	469.98	469.98	469.98	469.98	469.98
Retained Earnings	-483.68	322.64	320.59	-511.28	-467.06
Comprehensive Income & Other	-	-746.02	-709.44	169.01	185.93
Total Common Equity	-13.7	46.59	81.13	127.71	188.85
Minority Interest	46.01	45.8	44.42	45.93	48.38
Shareholders' Equity	32.31	92.39	125.54	173.64	237.23
Total Liabilities & Equity	313.39	343.94	592.62	682.69	713.46
Total Debt	209.38	180.34	381.98	443.59	400.66
Net Cash (Debt)	-175.05	-168.55	-285.6	-344.02	-344.26
Net Cash Per Share	-0.13	-0.13	-0.22	-0.26	-0.28
Filing Date Shares Outstanding	1,314	1,314	1,314	1,314	1,314
Total Common Shares Outstanding	1,314	1,314	1,314	1,314	1,314
Working Capital	19.97	-4.23	-79.73	-240.3	-180.97
Book Value Per Share	-0.01	0.04	0.06	0.10	0.14
Tangible Book Value	-13.7	46.59	81.13	127.71	188.85
Tangible Book Value Per Share	-0.01	0.04	0.06	0.10	0.14
Buildings	-	-	21.24	21.72	22.8
Machinery	-	14.65	14.71	16.14	17.89
Leasehold Improvements	-	42.44	41.49	40.86	58.16

Source: S&P Global Market Intelligence. Standard template. Financial Sources.