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 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	534.45	450.35	1,044	735.85	347.82	896.68
Short-Term Investments	117.15	127.88	130.78	103.7	177.74	263.78
Trading Asset Securities	806.67	863.32	830.44	886.47	892.26	562.3
Cash & Short-Term Investments	1,458	1,442	2,005	1,726	1,418	1,723
Cash Growth	-20.37%	-28.10%	16.16%	21.74%	-17.70%	57.58%
Accounts Receivable	88.95	91.16	139.91	190.88	118.79	169.85
Other Receivables	1.38	27.91	6.44	26.74	6.5	19.74
Receivables	90.33	119.07	146.34	217.61	125.28	189.58
Inventory	654.98	773.68	383.16	186.77	166.83	169.2
Prepaid Expenses	20.3	19.83	23.19	21.26	-	-
Other Current Assets	307.58	340.15	281.95	401.67	245.03	545.69
Total Current Assets	2,531	2,694	2,840	2,553	1,955	2,627
Property, Plant & Equipment	689.69	673.31	703.44	715.52	732.21	778.43
Long-Term Investments	4.98	4.89	262.97	217.34	167.97	257.5
Other Intangible Assets	481.03	485.21	495.79	501	416.26	437.09
Long-Term Deferred Tax Assets	114.79	118.43	84.62	94.9	96.91	99.23
Other Long-Term Assets	51.96	50.56	43.34	117.41	225.55	34.04
Total Assets	3,874	4,027	4,430	4,199	3,594	4,234
Accounts Payable	55.41	68.42	88.94	76.67	69.18	92.37
Accrued Expenses	60.49	60.1	78.05	69.21	57.06	70.87
Short-Term Debt	60	60	80	170	130	130
Current Portion of Long-Term Debt	15.28	15.21	17.3	27.21	10	-
Current Portion of Leases	26.85	26.04	15.63	17.74	17.46	21.32
Current Income Taxes Payable	27.17	24.96	0.41	0.05	5.66	4.21
Current Unearned Revenue	27.32	60.52	31.14	-	-	-
Other Current Liabilities	204.82	64.64	137.07	40.6	37.27	73.85
Total Current Liabilities	477.35	379.89	448.54	401.48	326.63	392.62
Long-Term Debt	9.17	213.02	303.07	52.9	30.83	20
Long-Term Leases	523.17	519.13	490	488.92	504.76	527.28
Pension & Post-Retirement Benefits	4.03	4	3.78	5.62	5.36	8.89
Long-Term Deferred Tax Liabilities	-	-	-	-	0.01	-
Other Long-Term Liabilities	11.73	11.73	11.53	11.53	12.09	13.28
Total Liabilities	1,025	1,128	1,257	960.45	879.68	962.07
Common Stock	1,890	1,890	1,890	1,890	1,890	1,718
Additional Paid-In Capital	41.26	41.26	40.98	20.89	20.86	20.86
Retained Earnings	764.02	809.18	851.43	942.06	462.83	970.71
Comprehensive Income & Other	-36.31	-25.65	184.78	148.11	99.74	320.44
Total Common Equity	2,659	2,715	2,967	3,001	2,473	3,030
Minority Interest	189.47	184.09	205.64	237.95	240.71	241.25
Shareholders' Equity	2,848	2,899	3,173	3,239	2,714	3,271
Total Liabilities & Equity	3,874	4,027	4,430	4,199	3,594	4,234
Total Debt	634.47	833.39	906	756.77	693.06	698.6
Net Cash (Debt)	823.8	608.15	1,099	969.24	724.75	1,024
Net Cash Growth	-12.38%	-44.66%	13.39%	33.73%	-29.23%	-
Net Cash Per Share	4.35	3.22	5.80	5.12	3.83	5.42
Filing Date Shares Outstanding	189	189	189	189	189	189
Total Common Shares Outstanding	189	189	189	189	189	189
Working Capital	2,054	2,314	2,391	2,152	1,628	2,235
Book Value Per Share	14.07	14.36	15.70	15.88	13.09	16.03
Tangible Book Value	2,178	2,230	2,471	2,500	2,057	2,593
Tangible Book Value Per Share	11.52	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