Tze Shin International 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	626.29	1,044	735.85	347.82	896.68	407.12
Short-Term Investments	112.7	130.78	103.7	177.74	263.78	253.05
Trading Asset Securities	721.23	830.44	886.47	892.26	562.3	433.12
Cash & Short-Term Investments	1,460	2,005	1,726	1,418	1,723	1,093
Cash Growth	-26.35%	16.16%	21.74%	-17.70%	57.58%	51.52%
Accounts Receivable	192.32	139.91	190.88	118.79	169.85	136.55
Other Receivables	43.52	6.44	26.74	6.5	19.74	18.38
Receivables	235.84	146.34	217.61	125.28	189.58	154.93
Inventory	738.31	383.16	186.77	166.83	169.2	169.42
Prepaid Expenses	25.55	23.19	21.26	-	-	-
Other Current Assets	339.66	281.95	401.67	245.03	545.69	777.55
Total Current Assets	2,800	2,840	2,553	1,955	2,627	2,195
Property, Plant & Equipment	679.82	703.44	715.52	732.21	778.43	1,433
Long-Term Investments	4.83	262.97	217.34	167.97	257.5	172.72
Other Intangible Assets	488.79	495.79	501	416.26	437.09	467.75
Long-Term Deferred Tax Assets	112.86	84.62	94.9	96.91	99.23	100.4
Other Long-Term Assets	48.13	43.34	117.41	225.55	34.04	158.67
Total Assets	4,134	4,430	4,199	3,594	4,234	4,528
Accounts Payable	69.99	88.94	76.67	69.18	92.37	73
Accrued Expenses	47.87	82.19	69.21	57.06	70.87	44.31
Short-Term Debt	100	80	170	130	130	776.66
Current Portion of Long-Term Debt	15.15	17.3	27.21	10	-	15.83
Current Portion of Leases	25.9	15.63	17.74	17.46	21.32	19.3
Current Income Taxes Payable	17.31	0.41	0.05	5.66	4.21	0.66
Current Unearned Revenue	60.52	31.14	-	-	-	-
Other Current Liabilities	53.2	132.94	40.6	37.27	73.85	171.51
Total Current Liabilities	389.93	448.54	401.48	326.63	392.62	1,101
Long-Term Debt	347.36	303.07	52.9	30.83	20	150
Long-Term Leases	521.82	490	488.92	504.76	527.28	544.14
Pension & Post-Retirement Benefits	4.04	3.78	5.62	5.36	8.89	8.09
Long-Term Deferred Tax Liabilities	-	-	-	0.01	-	-
Other Long-Term Liabilities	11.53	11.53	11.53	12.09	13.28	0.47
Total Liabilities	1,275	1,257	960.45	879.68	962.07	1,804
Common Stock	1,890	1,890	1,890	1,890	1,718	1,730
Additional Paid-In Capital	41.27	40.98	20.89	20.86	20.86	17.79
Retained Earnings	783.53	851.43	942.06	462.83	970.71	595.92
Treasury Stock	-	-	-	-	-	-8.66
Comprehensive Income & Other	-32.74	184.78	148.11	99.74	320.44	175.34
Total Common Equity	2,682	2,967	3,001	2,473	3,030	2,510
Minority Interest	177.26	205.64	237.95	240.71	241.25	213.65
Shareholders' Equity	2,859	3,173	3,239	2,714	3,271	2,724
Total Liabilities & Equity	4,134	4,430	4,199	3,594	4,234	4,528
Total Debt	1,010	906	756.77	693.06	698.6	1,506
Net Cash (Debt)	449.99	1,099	969.24	724.75	1,024	-412.65
Net Cash Growth	-56.94%	13.39%	33.73%	-29.23%	-	-
Net Cash Per Share	2.38	5.80	5.12	3.83	5.42	-2.16
Filing Date Shares Outstanding	189	189	189	189	189	189
Total Common Shares Outstanding	189	189	189	189	189	189
Working Capital	2,410	2,391	2,152	1,628	2,235	1,094
Book Value Per Share	14.19	15.70	15.88	13.09	16.03	13.28
Tangible Book Value	2,193	2,471	2,500	2,057	2,593	2,043
Tangible Book Value Per Share	11.60	13.08	13.23	10.88	13.72	10.81
Land	-	156.14	156.14	156.14	156.14	156.14
Buildings	-	30.51	30.51	30.51	30.51	30.78
Machinery	-	276.98	282.14	275.4	344.08	355.8
Construction In Progress	-	-	-	-	-	957.96

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