Shindaeyang Paper Balance Sheet

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

Millions KRW. 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	180,367	105,409	19,575	20,143	12,244
Short-Term Investments	5,586	51,240	-	-	-
Trading Asset Securities	664.36	96.1	147,853	131,873	126,178
Cash & Short-Term Investments	186,618	156,745	167,428	152,016	138,422
Cash Growth	19.06%	-6.38%	10.14%	9.82%	-9.69%
Accounts Receivable	86,230	83,226	86,226	90,676	91,113
Other Receivables	1,300	2,982	2,483	2,619	2,743
Receivables	102,486	101,135	103,639	108,247	108,796
Inventory	34,736	41,426	42,134	51,734	68,949
Prepaid Expenses	1,037	1,002	1,153	1,107	953.86
Other Current Assets	383.85	1,271	16,545	16,972	1,093
Total Current Assets	325,261	301,578	330,899	330,076	318,215
Property, Plant & Equipment	565,044	542,983	514,440	519,031	512,435
Long-Term Investments	8,955	8,259	12,170	16,304	10,078
Other Intangible Assets	861.74	1,207	1,913	2,281	4,206
Long-Term Deferred Tax Assets	3,081	2,750	-	-	-
Other Long-Term Assets	19,677	19,127	16,754	16,838	1,017
Total Assets	922,899	875,923	876,212	884,530	845,952
Accounts Payable	19,996	17,787	26,256	34,112	19,726
Accrued Expenses	28,151	26,340	22,106	22,118	20,664
Short-Term Debt	66,094	56,445	43,534	38,093	35,620
Current Portion of Long-Term Debt	1,167	500	7,763	35,773	8,650
Current Portion of Leases	1,865	1,725	1,759	1,556	1,665
Current Income Taxes Payable	3,964	5,732	7,153	12,083	9,354
Other Current Liabilities	13,281	14,840	14,796	13,734	16,777
Total Current Liabilities	134,518	123,368	123,366	157,469	112,456
Long-Term Debt	13,583	9,083	19,688	24,450	50,502
Long-Term Leases	2,497	3,238	3,752	2,844	2,851
Pension & Post-Retirement Benefits	1,226	836.51	-	-	4,946
Long-Term Deferred Tax Liabilities	43,764	42,220	37,453	38,342	44,701
Other Long-Term Liabilities	6,162	5,087	5,198	4,125	3,699
Total Liabilities	201,750	183,832	189,457	227,230	219,154
Common Stock	20,149	20,149	20,149	20,149	20,149
Additional Paid-In Capital	49,931	50,792	53,998	53,950	46,187
Retained Earnings	601,792	585,079	556,675	514,970	468,658
Treasury Stock	-69,590	-66,582	-47,016	-31,794	-31,794
Comprehensive Income & Other	-674.96	-710.35	-1,284	-1,187	-1,183
Total Common Equity	601,607	588,728	582,523	556,087	502,017
Minority Interest	119,542	103,362	104,232	101,213	124,780
Shareholders' Equity	721,149	692,090	686,756	657,300	626,797
Total Liabilities & Equity	922,899	875,923	876,212	884,530	845,952
Total Debt	85,206	70,990	76,496	102,716	99,288
Net Cash (Debt)	101,412	85,755	90,933	49,300	39,135
Net Cash Growth	18.26%	-5.69%	84.45%	25.98%	-34.08%
Net Cash Per Share	3426.23	2748.76	2582.77	1366.83	1059.04
Filing Date Shares Outstanding	29.59	30.05	33.33	36.07	36.07
Total Common Shares Outstanding	29.59	30.05	33.33	36.01	36.01
Working Capital	190,742	178,210	207,533	172,607	205,759
Book Value Per Share	20329.43	19591.08	17480.01	15441.81	13940.37
Tangible Book Value	600,745	587,521	580,610	553,806	497,811
Tangible Book Value Per Share	20300.31	19550.92	17422.60	15378.46	13823.58
Land	331,060	330,098	304,221	304,478	304,385
Buildings	168,075	162,328	163,939	162,507	103,720
Machinery	457,876	441,791	456,033	436,283	83,668
Construction In Progress	20,165	13,856	9,158	9,356	14,547

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