Shin Tai Industry Income Statement

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

Millions TWD. 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
Operating Revenue	175.78	112.7	75.72	63.03	41.09
Revenue	175.78	112.7	75.72	63.03	41.09
Revenue Growth (YoY)	55.97%	48.84%	20.14%	53.39%	-47.71%
Cost of Revenue	127.52	75.77	54.76	38.09	25.68
Gross Profit	48.26	36.93	20.96	24.94	15.41
Selling, General & Admin	53.4	45.54	27.61	23.04	20.63
Research & Development	-	-	0	0	0
Operating Expenses	43.38	45.76	26.2	14.83	20.57
Operating Income	4.88	-8.82	-5.24	10.1	-5.16
Interest Expense	-29.95	-38.59	-35.13	-26.06	-15.94
Interest & Investment Income	9.57	21.9	13.12	84.45	64.46
Earnings From Equity Investments	290.76	276.76	216.27	135.96	37.62
Currency Exchange Gain (Loss)	0.07	0.3	0.08	0.15	-0.04
Other Non Operating Income (Expenses)	20.16	16.24	3.6	4.01	2.22
EBT Excluding Unusual Items	295.49	267.79	192.7	208.6	83.16
Gain (Loss) on Sale of Investments	-339.48	-409.77	-103.74	0.01	-0.05
Gain (Loss) on Sale of Assets	0.27	0.02	-	-0	0.05
Other Unusual Items	-	-	3.74	-	0.28
Pretax Income	-43.72	-141.97	92.7	208.61	83.45
Income Tax Expense	49.05	19.01	7.67	12.98	1.37
Earnings From Continuing Operations	-92.77	-160.98	85.03	195.63	82.08
Minority Interest in Earnings	89.83	168.17	10.19	-26.44	-
Net Income	-2.94	7.19	95.22	169.2	82.08
Net Income to Common	-2.94	7.19	95.22	169.2	82.08
Net Income Growth	-	-92.45%	-43.73%	106.13%	25.05%
Shares Outstanding (Basic)	109	122	113	183	182
Shares Outstanding (Diluted)	109	122	113	183	182
Shares Change (YoY)	-10.86%	8.20%	-38.24%	0.26%	-0.00%
EPS (Basic)	-0.03	0.06	0.84	0.93	0.45
EPS (Diluted)	-0.03	0.06	0.84	0.93	0.45
EPS Growth	-	-93.02%	-8.89%	105.60%	25.06%
Free Cash Flow	-138	-52.59	-74.68	-39.79	28.18
Free Cash Flow Per Share	-1.27	-0.43	-0.66	-0.22	0.15
Dividend Per Share	-	0.500	0.397	0.709	0.554
Dividend Growth	-	25.98%	-44.00%	28.02%	-33.33%
Gross Margin	27.46%	32.77%	27.68%	39.57%	37.49%
Operating Margin	2.77%	-7.83%	-6.92%	16.03%	-12.57%
Profit Margin	-1.67%	6.38%	125.75%	268.45%	199.76%
Free Cash Flow Margin	-78.51%	-46.67%	-98.62%	-63.12%	68.57%
EBITDA	8.11	-6.28	-4.13	10.97	-4.17
EBITDA Margin	4.61%	-5.57%	-5.45%	17.41%	-10.15%
D&A For EBITDA	3.23	2.55	1.11	0.87	0.99
EBIT	4.88	-8.82	-5.24	10.1	-5.16
EBIT Margin	2.77%	-7.83%	-6.92%	16.03%	-12.57%
Effective Tax Rate	-	-	8.27%	6.22%	1.64%

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