Shin Hwa World 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	141.02	310.92	266.04	503.42	820.92
Cash & Short-Term Investments	141.02	310.92	266.04	503.42	820.92
Cash Growth	-54.64%	16.87%	-47.15%	-38.68%	26.80%
Other Receivables	0.58	0.03	0.06	0.81	0.06
Receivables	0.58	0.03	0.06	0.81	0.06
Inventory	429.84	397.29	507.23	621.43	787.71
Prepaid Expenses	57.96	56.44	68.76	127.65	184.57
Restricted Cash	54.8	-	-	62.79	66.56
Total Current Assets	684.19	764.67	842.09	1,316	1,860
Property, Plant & Equipment	6,122	6,167	7,281	7,749	8,790
Long-Term Investments	1.36	1.13	1.4	13.87	17.96
Other Intangible Assets	121.77	119.25	136.84	154.39	171.64
Other Long-Term Assets	910.55	833.1	939.86	822.83	670.56
Total Assets	7,839	7,885	9,201	10,056	11,510
Accounts Payable	231.03	238.04	310.92	323.4	508.63
Current Portion of Long-Term Debt	67.7	1,204	-	31.94	2,115
Current Portion of Leases	2.5	1.89	1.62	0.99	1.66
Current Income Taxes Payable	0.1	0.04	0.01	0.08	16.91
Total Current Liabilities	301.33	1,444	312.55	356.4	2,642
Long-Term Debt	1,016	27	1,417	1,524	-
Long-Term Leases	2.04	3.62	2.94	0.76	1.66
Long-Term Deferred Tax Liabilities	61.51	42.35	43.95	44.48	44.36
Other Long-Term Liabilities	19.14	28.02	18.42	12.78	11.89
Total Liabilities	1,400	1,545	1,795	1,939	2,700
Common Stock	36.52	15.22	42.26	42.26	42.26
Additional Paid-In Capital	-	18,061	17,745	17,745	17,745
Retained Earnings	-	-9,550	-9,056	-8,228	-8,011
Comprehensive Income & Other	6,403	-2,186	-1,325	-1,441	-965.22
Total Common Equity	6,439	6,340	7,406	8,117	8,810
Shareholders' Equity	6,439	6,340	7,406	8,117	8,810
Total Liabilities & Equity	7,839	7,885	9,201	10,056	11,510
Total Debt	1,088	1,237	1,422	1,558	2,118
Net Cash (Debt)	-947.14	-925.84	-1,156	-1,054	-1,297
Net Cash Per Share	-0.46	-0.97	-2.74	-2.50	-3.30
Filing Date Shares Outstanding	3,651	1,521	507.15	422.63	422.63
Total Common Shares Outstanding	3,651	1,521	422.63	422.63	422.63
Working Capital	382.86	-679.54	529.53	959.7	-781.91
Book Value Per Share	1.76	4.17	17.52	19.21	20.85
Tangible Book Value	6,318	6,221	7,269	7,963	8,639
Tangible Book Value Per Share	1.73	4.09	17.20	18.84	20.44
Land	-	873.46	992.63	1,017	1,078
Buildings	-	6,754	7,746	7,950	8,484
Machinery	-	1,187	1,408	1,459	1,544
Construction In Progress	-	48.66	46.97	39.17	39.36
Leasehold Improvements	-	1.04	1.04	1.04	1.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.