Ta Chen Stainless Pipe Balance Sheet

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
Cash & Equivalents	9,935	7,249	9,425	11,234	9,332
Short-Term Investments	685.24	588.39	2,012	152.94	71.2
Trading Asset Securities	50.48	50.95	363.66	122.25	242.1
Cash & Short-Term Investments	10,671	7,888	11,801	11,509	9,645
Cash Growth	35.27%	-33.16%	2.53%	19.33%	29.61%
Accounts Receivable	8,751	8,281	7,526	8,106	7,272
Other Receivables	803.95	294.27	1,477	2,468	295.79
Receivables	9,555	8,575	9,002	10,573	7,568
Inventory	64,819	56,488	58,298	73,378	52,093
Prepaid Expenses	659.37	431.19	462.25	843.4	656.35
Other Current Assets	2,595	2,384	2,371	2,742	6,477
Total Current Assets	88,298	75,766	81,935	99,046	76,439
Property, Plant & Equipment	51,025	43,750	37,700	30,293	20,738
Long-Term Investments	825.89	1,525	1,725	2,202	674.73
Goodwill	4,659	4,787	4,187	4,187	3,719
Other Intangible Assets	983.71	1,383	1,586	1,896	2,014
Long-Term Accounts Receivable	97.74	123.45	-	-	-
Long-Term Deferred Tax Assets	2,391	2,265	1,807	2,684	2,479
Other Long-Term Assets	5,236	8,149	6,176	6,138	3,008
Total Assets	153,517	137,748	135,115	146,446	109,071
Accounts Payable	2,439	2,534	2,086	3,081	2,361
Accrued Expenses	2,554	2,231	2,024	2,645	1,996
Short-Term Debt	12,985	13,337	18,525	14,540	11,363
Current Portion of Long-Term Debt	1,685	1,416	1,275	9,066	1,533
Current Portion of Leases	1,201	1,220	1,131	985.98	901.72
Current Income Taxes Payable	239.25	358.71	918.11	1,595	973.5
Current Unearned Revenue	108.07	128.49	145.63	173.96	49.21
Other Current Liabilities	2,455	2,264	1,889	2,334	1,164
Total Current Liabilities	23,666	23,490	27,994	34,421	20,341
Long-Term Debt	30,939	23,139	22,871	28,988	26,300
Long-Term Leases	7,798	8,675	7,729	7,124	6,590
Pension & Post-Retirement Benefits	-	1.99	2.28	18.74	-
Long-Term Deferred Tax Liabilities	2,503	2,553	1,886	1,821	1,201
Other Long-Term Liabilities	94.26	118.19	154.01	176.69	213.89
Total Liabilities	65,000	57,977	60,636	72,549	54,645
Common Stock	25,843	24,343	24,343	20,286	20,085
Additional Paid-In Capital	26,560	23,155	23,002	22,783	22,994
Retained Earnings	23,032	19,024	18,361	21,934	13,835
Treasury Stock	-3,531	-4,388	-4,386	-4,474	-4,005
Comprehensive Income & Other	3,140	5,412	1,741	2,733	-3,884
Total Common Equity	75,044	67,545	63,060	63,262	49,025
Minority Interest	13,472	12,225	11,419	10,635	5,401
Shareholders' Equity	88,516	79,770	74,479	73,897	54,426
Total Liabilities & Equity	153,517	137,748	135,115	146,446	109,071
Total Debt	54,608	47,787	51,531	60,704	46,688
Net Cash (Debt)	-43,937	-39,899	-39,730	-49,194	-37,043
Net Cash Per Share	-18.89	-17.23	-17.06	-20.96	-18.13
Filing Date Shares Outstanding	2,352	2,144	2,144	2,144	2,144
Total Common Shares Outstanding	2,352	2,144	2,144	2,144	2,144
Working Capital	64,632	52,276	53,940	64,625	56,098
Book Value Per Share	31.90	31.51	29.41	29.51	22.87
Tangible Book Value	69,401	61,376	57,287	57,179	43,292
Tangible Book Value Per Share	29.50	28.63	26.72	26.67	20.19
Land	8,927	9,023	8,871	8,810	4,245
Buildings	12,779	12,746	7,187	5,464	4,565
Machinery	34,672	25,989	24,625	18,590	12,424
Construction In Progress	-	-	-	-	494.5
Leasehold Improvements	579.1	560.28	533.06	430.06	290.34

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