Tze Shin International 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	450.35	1,044	735.85	347.82	896.68
Short-Term Investments	127.88	130.78	103.7	177.74	263.78
Trading Asset Securities	863.32	830.44	886.47	892.26	562.3
Cash & Short-Term Investments	1,442	2,005	1,726	1,418	1,723
Cash Growth	-28.10%	16.16%	21.74%	-17.70%	57.58%
Accounts Receivable	91.16	139.91	190.88	118.79	169.85
Other Receivables	27.91	6.44	26.74	6.5	19.74
Receivables	119.07	146.34	217.61	125.28	189.58
Inventory	773.68	383.16	186.77	166.83	169.2
Prepaid Expenses	19.83	23.19	21.26	-	-
Other Current Assets	340.15	281.95	401.67	245.03	545.69
Total Current Assets	2,694	2,840	2,553	1,955	2,627
Property, Plant & Equipment	673.31	703.44	715.52	732.21	778.43
Long-Term Investments	4.89	262.97	217.34	167.97	257.5
Other Intangible Assets	485.21	495.79	501	416.26	437.09
Long-Term Deferred Tax Assets	118.43	84.62	94.9	96.91	99.23
Other Long-Term Assets	50.56	43.34	117.41	225.55	34.04
Total Assets	4,027	4,430	4,199	3,594	4,234
Accounts Payable	68.42	88.94	76.67	69.18	92.37
Accrued Expenses	60.1	78.05	69.21	57.06	70.87
Short-Term Debt	60	80	170	130	130
Current Portion of Long-Term Debt	15.21	17.3	27.21	10	-
Current Portion of Leases	26.04	15.63	17.74	17.46	21.32
Current Income Taxes Payable	24.96	0.41	0.05	5.66	4.21
Current Unearned Revenue	60.52	31.14	-	-	-
Other Current Liabilities	64.64	137.07	40.6	37.27	73.85
Total Current Liabilities	379.89	448.54	401.48	326.63	392.62
Long-Term Debt	213.02	303.07	52.9	30.83	20
Long-Term Leases	519.13	490	488.92	504.76	527.28
Pension & Post-Retirement Benefits	4	3.78	5.62	5.36	8.89
Long-Term Deferred Tax Liabilities	-	-	-	0.01	-
Other Long-Term Liabilities	11.73	11.53	11.53	12.09	13.28
Total Liabilities	1,128	1,257	960.45	879.68	962.07
Common Stock	1,890	1,890	1,890	1,890	1,718
Additional Paid-In Capital	41.26	40.98	20.89	20.86	20.86
Retained Earnings	809.18	851.43	942.06	462.83	970.71
Comprehensive Income & Other	-25.65	184.78	148.11	99.74	320.44
Total Common Equity	2,715	2,967	3,001	2,473	3,030
Minority Interest	184.09	205.64	237.95	240.71	241.25
Shareholders' Equity	2,899	3,173	3,239	2,714	3,271
Total Liabilities & Equity	4,027	4,430	4,199	3,594	4,234
Total Debt	833.39	906	756.77	693.06	698.6
Net Cash (Debt)	608.15	1,099	969.24	724.75	1,024
Net Cash Growth	-44.66%	13.39%	33.73%	-29.23%	-
Net Cash Per Share	3.22	5.80	5.12	3.83	5.42
Filing Date Shares Outstanding	189	189	189	189	189
Total Common Shares Outstanding	189	189	189	189	189
Working Capital	2,314	2,391	2,152	1,628	2,235
Book Value Per Share	14.36	15.70	15.88	13.09	16.03
Tangible Book Value	2,230	2,471	2,500	2,057	2,593
Tangible Book Value Per Share	11.80	13.08	13.23	10.88	13.72
Land	96.26	156.14	156.14	156.14	156.14
Buildings	3.44	30.51	30.51	30.51	30.51
Machinery	271.95	276.98	282.14	275.4	344.08

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