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 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	446.58	478.16	479.66	232.12	215.71	252.29
Trading Asset Securities	-	-	-	-	0.05	-
Cash & Short-Term Investments	446.58	478.16	479.66	232.12	215.76	252.29
Cash Growth	-12.78%	-0.31%	106.65%	7.58%	-14.48%	190.25%
Accounts Receivable	523.52	628.23	684.82	586.45	568.99	579.46
Other Receivables	5.36	4.02	4.25	7.16	4.42	5.14
Receivables	528.88	632.25	689.08	593.61	573.41	584.59
Inventory	1,507	1,557	1,295	1,558	1,683	1,815
Prepaid Expenses	-	19.29	26.35	9.46	18.39	11.84
Other Current Assets	118.08	79.01	76.14	99.07	64.32	69.01
Total Current Assets	2,601	2,766	2,566	2,492	2,555	2,732
Property, Plant & Equipment	580.79	579.58	617.79	667.46	743.3	1,240
Other Intangible Assets	8.31	6.15	5.78	6.89	5.67	7.48
Long-Term Deferred Tax Assets	27.44	19.74	21.28	32.96	51.13	66.48
Other Long-Term Assets	10.59	10.18	11.01	6.58	13.94	43.65
Total Assets	3,228	3,381	3,222	3,206	3,369	4,090
Accounts Payable	677.51	784.05	765.4	760.96	593.59	812.94
Accrued Expenses	-	76.44	76.88	81.66	107.98	177.36
Short-Term Debt	352.3	378.48	290.84	203.85	424.77	364.62
Current Portion of Long-Term Debt	172.67	255.36	280	286.89	232.34	563.93
Current Portion of Leases	25.38	24.51	22.17	18.35	17.99	0.47
Current Income Taxes Payable	1.48	3.4	-	1.56	34.47	34.52
Current Unearned Revenue	726.96	855.26	691.8	876.57	1,082	958.26
Other Current Liabilities	115.93	24.8	20.65	63.76	20.21	28.22
Total Current Liabilities	2,072	2,402	2,148	2,294	2,514	2,940
Long-Term Debt	130.03	41.86	171.4	61.16	176.16	21.12
Long-Term Leases	136.99	129.97	158.61	172.42	188.36	633.31
Long-Term Deferred Tax Liabilities	-	-	-	-	-	4.25
Total Liabilities	2,339	2,574	2,478	2,527	2,878	3,599
Common Stock	693.74	693.74	693.74	693.74	459.71	461.32
Additional Paid-In Capital	-	-	-	622.31	515.59	515.16
Retained Earnings	-426.05	-472.08	-556.67	-573.4	-429.06	-400.42
Comprehensive Income & Other	620.96	585.43	606.94	-64.04	-55.27	-84.96
Shareholders' Equity	888.65	807.09	744.01	678.61	490.97	491.11
Total Liabilities & Equity	3,228	3,381	3,222	3,206	3,369	4,090
Total Debt	817.37	830.17	923.02	742.67	1,040	1,583
Net Cash (Debt)	-370.78	-352.01	-443.36	-510.55	-823.87	-1,331
Net Cash Per Share	-5.33	-5.07	-6.39	-7.83	-18.69	-30.39
Filing Date Shares Outstanding	69.74	69.37	69.37	69.37	45.97	46.13
Total Common Shares Outstanding	69.74	69.37	69.37	69.37	45.97	46.13
Working Capital	528.53	363.27	418.15	198.3	41.45	-208.04
Book Value Per Share	12.74	11.63	10.72	9.78	10.68	10.65
Tangible Book Value	880.33	800.95	738.24	671.72	485.3	483.63
Tangible Book Value Per Share	12.62	11.55	10.64	9.68	10.56	10.48
Buildings	-	163.57	166.37	158.29	160.73	158.41
Machinery	-	1,277	1,253	1,152	1,167	1,154
Construction In Progress	-	-	-	31.34	-	0.71