Ta Chen Stainless Pipe 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	9,252	9,935	7,249	9,425	11,234	9,332
Short-Term Investments	466.44	685.24	588.39	2,012	152.94	71.2
Trading Asset Securities	37.2	50.48	50.95	363.66	122.25	242.1
Cash & Short-Term Investments	9,756	10,671	7,888	11,801	11,509	9,645
Cash Growth	-19.52%	35.27%	-33.16%	2.53%	19.33%	29.61%
Accounts Receivable	11,831	8,751	8,281	7,526	8,106	7,272
Other Receivables	801.34	803.95	294.27	1,477	2,468	295.79
Receivables	12,632	9,555	8,575	9,002	10,573	7,568
Inventory	63,573	64,819	56,488	58,298	73,378	52,093
Prepaid Expenses	450.27	659.37	431.19	462.25	843.4	656.35
Other Current Assets	3,106	2,595	2,384	2,371	2,742	6,477
Total Current Assets	89,517	88,298	75,766	81,935	99,046	76,439
Property, Plant & Equipment	56,468	51,025	43,750	37,700	30,293	20,738
Long-Term Investments	789.92	825.89	1,525	1,725	2,202	674.73
Goodwill	4,742	4,659	4,787	4,187	4,187	3,719
Other Intangible Assets	929.78	983.71	1,383	1,586	1,896	2,014
Long-Term Accounts Receivable	93.76	97.74	123.45	-	-	-
Long-Term Deferred Tax Assets	2,356	2,391	2,265	1,807	2,684	2,479
Other Long-Term Assets	5,046	5,236	8,149	6,176	6,138	3,008
Total Assets	159,943	153,517	137,748	135,115	146,446	109,071
Accounts Payable	2,290	2,439	2,534	2,086	3,081	2,361
Accrued Expenses	2,530	2,554	2,231	2,024	2,645	1,996
Short-Term Debt	12,255	12,985	13,337	18,525	14,540	11,363
Current Portion of Long-Term Debt	1,806	1,685	1,416	1,275	9,066	1,533
Current Portion of Leases	1,275	1,201	1,220	1,131	985.98	901.72
Current Income Taxes Payable	1,501	239.25	358.71	918.11	1,595	973.5
Current Unearned Revenue	111.08	108.07	128.49	145.63	173.96	49.21
Other Current Liabilities	2,687	2,455	2,264	1,889	2,334	1,164
Total Current Liabilities	24,456	23,666	23,490	27,994	34,421	20,341
Long-Term Debt	29,968	30,939	23,139	22,871	28,988	26,300
Long-Term Leases	9,640	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	2,404	2,503	2,553	1,886	1,821	1,201
Other Long-Term Liabilities	83.75	94.26	118.19	154.01	176.69	213.89
Total Liabilities	66,551	65,000	57,977	60,636	72,549	54,645
Common Stock	25,843	25,843	24,343	24,343	20,286	20,085
Additional Paid-In Capital	26,555	26,560	23,155	23,002	22,783	22,994
Retained Earnings	25,952	23,032	19,024	18,361	21,934	13,835
Treasury Stock	-3,545	-3,531	-4,388	-4,386	-4,474	-4,005
Comprehensive Income & Other	4,406	3,140	5,412	1,741	2,733	-3,884
Total Common Equity	79,211	75,044	67,545	63,060	63,262	49,025
Minority Interest	14,181	13,472	12,225	11,419	10,635	5,401
Shareholders' Equity	93,391	88,516	79,770	74,479	73,897	54,426
Total Liabilities & Equity	159,943	153,517	137,748	135,115	146,446	109,071
Total Debt	54,945	54,608	47,787	51,531	60,704	46,688
Net Cash (Debt)	-45,189	-43,937	-39,899	-39,730	-49,194	-37,043
Net Cash Per Share	-19.06	-18.89	-17.23	-17.06	-20.96	-18.13
Filing Date Shares Outstanding	2,352	2,352	2,144	2,144	2,144	2,144
Total Common Shares Outstanding	2,352	2,352	2,144	2,144	2,144	2,144
Working Capital	65,062	64,632	52,276	53,940	64,625	56,098
Book Value Per Share	33.67	31.90	31.51	29.41	29.51	22.87
Tangible Book Value	73,539	69,401	61,376	57,287	57,179	43,292
Tangible Book Value Per Share	31.26	29.50	28.63	26.72	26.67	20.19
Land	9,718	8,927	9,023	8,871	8,810	4,245
Buildings	12,991	12,779	12,746	7,187	5,464	4,565
Machinery	22,880	34,672	25,989	24,625	18,590	12,424
Construction In Progress	14,908	-	-	-	-	494.5
Leasehold Improvements	585.76	579.1	560.28	533.06	430.06	290.34