HORNG SHIUE HOLDING 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	478.16	479.66	232.12	215.71	252.29
Trading Asset Securities	-	-	-	0.05	-
Cash & Short-Term Investments	478.16	479.66	232.12	215.76	252.29
Cash Growth	-0.31%	106.65%	7.58%	-14.48%	190.25%
Accounts Receivable	628.23	684.82	586.45	568.99	579.46
Other Receivables	4.02	4.25	7.16	4.42	5.14
Receivables	632.25	689.08	593.61	573.41	584.59
Inventory	1,557	1,295	1,558	1,683	1,815
Prepaid Expenses	-	26.35	9.46	18.39	11.84
Other Current Assets	98.3	76.14	99.07	64.32	69.01
Total Current Assets	2,766	2,566	2,492	2,555	2,732
Property, Plant & Equipment	579.58	617.79	667.46	743.3	1,240
Other Intangible Assets	6.15	5.78	6.89	5.67	7.48
Long-Term Deferred Tax Assets	19.74	21.28	32.96	51.13	66.48
Other Long-Term Assets	10.18	11.01	6.58	13.94	43.65
Total Assets	3,381	3,222	3,206	3,369	4,090
Accounts Payable	784.05	765.4	760.96	593.59	812.94
Accrued Expenses	-	75.95	81.66	107.98	177.36
Short-Term Debt	378.48	290.84	203.85	424.77	364.62
Current Portion of Long-Term Debt	255.36	280	286.89	232.34	563.93
Current Portion of Leases	24.51	22.17	18.35	17.99	0.47
Current Income Taxes Payable	3.4	0.94	1.56	34.47	34.52
Current Unearned Revenue	855.26	691.8	876.57	1,082	958.26
Other Current Liabilities	101.24	20.65	63.76	20.21	28.22
Total Current Liabilities	2,402	2,148	2,294	2,514	2,940
Long-Term Debt	41.86	171.4	61.16	176.16	21.12
Long-Term Leases	129.97	158.61	172.42	188.36	633.31
Long-Term Deferred Tax Liabilities	-	-	-	-	4.25
Total Liabilities	2,574	2,478	2,527	2,878	3,599
Common Stock	693.74	693.74	693.74	459.71	461.32
Additional Paid-In Capital	622.31	622.31	622.31	515.59	515.16
Retained Earnings	-472.08	-556.67	-573.4	-429.06	-400.42
Comprehensive Income & Other	-36.88	-15.36	-64.04	-55.27	-84.96
Shareholders' Equity	807.09	744.01	678.61	490.97	491.11
Total Liabilities & Equity	3,381	3,222	3,206	3,369	4,090
Total Debt	830.17	923.02	742.67	1,040	1,583
Net Cash (Debt)	-352.01	-443.36	-510.55	-823.87	-1,331
Net Cash Per Share	-5.08	-6.39	-7.83	-18.69	-30.39
Filing Date Shares Outstanding	69.37	69.37	69.37	45.97	46.13
Total Common Shares Outstanding	69.37	69.37	69.37	45.97	46.13
Working Capital	363.27	418.15	198.3	41.45	-208.04
Book Value Per Share	11.63	10.72	9.78	10.68	10.65
Tangible Book Value	800.95	738.24	671.72	485.3	483.63
Tangible Book Value Per Share	11.55	10.64	9.68	10.56	10.48
Buildings	-	166.37	158.29	160.73	158.41
Machinery	-	1,253	1,152	1,167	1,154
Construction In Progress	-	-	31.34	-	0.71

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