HORNG SHIUE HOLDING Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	312.35	479.66	232.12	215.71	252.29	81.3
Short-Term Investments	-	-	-	-	-	5.62
Trading Asset Securities	-	-	-	0.05	-	-
Cash & Short-Term Investments	312.35	479.66	232.12	215.76	252.29	86.92
Cash Growth	12.32%	106.65%	7.58%	-14.48%	190.25%	-46.87%
Accounts Receivable	673.71	684.82	586.45	356.12	579.46	632.57
Other Receivables	4.6	4.25	7.16	4.42	5.14	5.26
Receivables	678.31	689.08	593.61	573.41	584.59	637.83
Inventory	1,566	1,295	1,558	1,683	1,815	1,614
Prepaid Expenses	-	26.35	9.46	18.39	11.84	23.63
Other Current Assets	64.13	76.14	99.07	64.32	69.01	73.84
Total Current Assets	2,621	2,566	2,492	2,555	2,732	2,436
Property, Plant & Equipment	578.49	617.79	667.46	743.3	1,240	1,332
Other Intangible Assets	2.53	5.78	6.89	5.67	7.48	7.25
Long-Term Deferred Tax Assets	17.58	21.28	32.96	51.13	66.48	70.3
Other Long-Term Assets	9.68	11.01	6.58	13.94	43.65	57.09
Total Assets	3,229	3,222	3,206	3,369	4,090	3,902
Accounts Payable	773.22	765.4	760.96	593.59	812.94	630.32
Accrued Expenses	67.45	75.95	81.66	107.98	177.36	143.75
Short-Term Debt	385.55	290.84	203.85	424.77	364.62	111.96
Current Portion of Long-Term Debt	247.13	280	286.89	232.34	563.93	958.56
Current Portion of Leases	23.74	22.17	18.35	17.99	0.47	0.48
Current Income Taxes Payable	7.73	0.94	1.56	34.47	34.52	10.7
Current Unearned Revenue	879.24	691.8	876.57	1,082	958.26	753.96
Other Current Liabilities	15.84	20.65	63.76	20.21	28.22	74.05
Total Current Liabilities	2,400	2,148	2,294	2,514	2,940	2,684
Long-Term Debt	21.01	171.4	61.16	176.16	21.12	62.77
Long-Term Leases	123.61	158.61	172.42	188.36	633.31	600.24
Long-Term Deferred Tax Liabilities	-	-	-	-	4.25	4.31
Total Liabilities	2,545	2,478	2,527	2,878	3,599	3,351
Common Stock	693.74	693.74	693.74	459.71	461.32	456.69
Additional Paid-In Capital	622.31	622.31	622.31	515.59	515.16	511.19
Retained Earnings	-564.31	-556.67	-573.4	-429.06	-400.42	-320.94
Comprehensive Income & Other	-66.8	-15.36	-64.04	-55.27	-84.96	-95.83
Shareholders' Equity	684.94	744.01	678.61	490.97	491.11	551.11
Total Liabilities & Equity	3,229	3,222	3,206	3,369	4,090	3,902
Total Debt	801.04	923.02	742.67	1,040	1,583	1,734
Net Cash (Debt)	-488.7	-443.36	-510.55	-823.87	-1,331	-1,647
Net Cash Per Share	-7.04	-6.39	-7.83	-18.69	-30.39	-37.63
Filing Date Shares Outstanding	69.37	69.37	69.37	45.97	46.13	45.67
Total Common Shares Outstanding	69.37	69.37	69.37	45.97	46.13	45.67
Working Capital	221.3	418.15	198.3	41.45	-208.04	-248.02
Book Value Per Share	9.87	10.72	9.78	10.68	10.65	12.07
Tangible Book Value	682.42	738.24	671.72	485.3	483.63	543.86
Tangible Book Value Per Share	9.84	10.64	9.68	10.56	10.48	11.91
Buildings	157.55	166.37	158.29	160.73	158.41	157.57
Machinery	1,229	1,253	1,152	1,167	1,154	1,150
Construction In Progress	-	-	31.34	-	0.71	-

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