Chang-Ho Fibre Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	422.48	447.44	380.17	166.48	183.66	416.13
Short-Term Investments	77.74	49.03	7.48	13.01	19.96	-
Cash & Short-Term Investments	500.22	496.47	387.65	179.49	203.62	416.13
Cash Growth	44.27%	28.07%	115.98%	-11.85%	-51.07%	-42.42%
Accounts Receivable	37.18	48.12	82.01	84.58	71.9	72.59
Other Receivables	27.72	25.4	27.04	8.76	13.83	15.95
Receivables	64.9	73.52	109.05	93.33	85.73	88.53
Inventory	859.51	861.99	964.26	973.55	1,054	1,210
Prepaid Expenses	5.96	8.54	16.31	13.27	19.76	40.5
Other Current Assets	595.63	591.69	174.84	254.95	33.94	446.58
Total Current Assets	2,026	2,032	1,652	1,515	1,397	2,202
Property, Plant & Equipment	692.76	680.96	718.44	730.71	701.5	698.38
Long-Term Investments	106.87	102.8	85.9	87.74	62.32	151.23
Other Intangible Assets	20.04	6.64	7.66	8.13	9.13	12.49
Long-Term Deferred Tax Assets	56.59	66.85	83.33	83.33	83.33	83.33
Other Long-Term Assets	349.42	360.38	389.88	349.57	375.8	285.49
Total Assets	3,252	3,250	2,937	2,774	2,629	3,433
Accounts Payable	88.54	118.12	153.84	95.11	202.81	212.76
Accrued Expenses	69.32	67.56	69.01	65.53	66.58	65.39
Short-Term Debt	1,040	1,044	559.75	702.2	659.12	1,075
Current Portion of Long-Term Debt	-	-	5	-	15.6	15.6
Current Portion of Leases	0.02	0.05	0.1	0.05	3.09	7.75
Current Income Taxes Payable	-	9.39	29.94	-	-	-
Current Unearned Revenue	42.99	46.09	86.56	136.85	212.05	184.78
Other Current Liabilities	68.88	66.55	65.93	107.37	91.02	61.73
Total Current Liabilities	1,310	1,351	970.13	1,107	1,250	1,623
Long-Term Debt	318.86	318.86	413.86	318.86	64.8	510.32
Long-Term Leases	-	-	0.05	-	0.05	2.99
Long-Term Deferred Tax Liabilities	86.98	86.98	88.25	81.32	82.36	81.96
Other Long-Term Liabilities	4.88	5.62	5.45	5.45	4.58	5.15
Total Liabilities	1,720	1,763	1,478	1,513	1,402	2,223
Common Stock	1,604	1,604	1,604	1,604	1,604	1,604
Additional Paid-In Capital	26.75	26.75	26.75	26.75	26.75	26.75
Retained Earnings	-275.43	-302.82	-336.55	-502.11	-529.34	-565.59
Comprehensive Income & Other	99.48	84.5	83.23	71.17	92	110.8
Total Common Equity	1,455	1,412	1,377	1,200	1,193	1,176
Minority Interest	76.73	74.5	82.1	61.47	33.77	33.8
Shareholders' Equity	1,532	1,487	1,460	1,261	1,227	1,210
Total Liabilities & Equity	3,252	3,250	2,937	2,774	2,629	3,433
Total Debt	1,359	1,363	978.76	1,021	742.65	1,611
Net Cash (Debt)	-858.51	-866.08	-591.11	-841.62	-539.03	-1,195
Net Cash Per Share	-5.35	-5.40	-3.69	-5.25	-3.36	-7.45
Filing Date Shares Outstanding	160.41	160.41	160.41	160.41	160.41	160.41
Total Common Shares Outstanding	160.41	160.41	160.41	160.41	160.41	160.41
Working Capital	716.63	680.82	681.98	407.48	146.94	579.31
Book Value Per Share	9.07	8.81	8.59	7.48	7.44	7.33
Tangible Book Value	1,435	1,406	1,370	1,192	1,184	1,164
Tangible Book Value Per Share	8.95	8.76	8.54	7.43	7.38	7.25
Land	333.58	333.58	333.58	333.58	254.32	339.08
Buildings	505.4	482.26	489.27	466.16	471.88	446.63
Machinery	447.46	456.24	464.35	482.79	564.01	477.93
Construction In Progress	-	-	0.64	0.93	0.34	0.75