Qing Song Health 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	554.53	286.03	233.95	326.42	296.37	230.88
Short-Term Investments	81.77	108.46	148.12	15.65	-	-
Trading Asset Securities	169.16	16.55	13.72	13.57	-	-
Cash & Short-Term Investments	805.45	411.04	395.8	355.64	296.37	230.88
Cash Growth	116.93%	3.85%	11.29%	20.00%	28.37%	12.48%
Accounts Receivable	78.16	58.3	55.85	43.34	78.13	104.18
Other Receivables	3.95	2.47	9.08	0.18	3.6	18.36
Receivables	82.12	60.77	64.93	43.52	81.74	122.54
Inventory	0.4	0.58	0.38	0.41	3.98	2.81
Prepaid Expenses	5.41	3.95	2.9	2.56	2.14	2.68
Other Current Assets	1.26	0.28	0.06	0.09	0.05	0.02
Total Current Assets	894.62	476.62	464.07	402.22	384.27	358.93
Property, Plant & Equipment	1,415	1,242	1,098	1,022	481.47	320.34
Long-Term Investments	1.54	1.94	1.02	1.08	5.52	5.91
Other Intangible Assets	0.48	0.69	0.57	1.03	1.29	1.59
Long-Term Deferred Tax Assets	16.33	15.5	8.02	7.96	5.39	0.04
Other Long-Term Assets	214.03	220.67	112.85	109.87	483.67	524.09
Total Assets	2,542	1,957	1,684	1,544	1,362	1,211
Accounts Payable	17.84	12.69	17.08	10.68	11.87	7.25
Short-Term Debt	-	60	-	-	-	-
Current Portion of Long-Term Debt	14.41	21.37	23.75	24.75	19.76	19.74
Current Portion of Leases	64.91	60.01	46.45	49.47	29.8	33.82
Current Income Taxes Payable	5.36	7.12	14.53	10.26	2.23	3.37
Current Unearned Revenue	6.47	7.21	10.59	17.96	26.98	5.44
Other Current Liabilities	111.69	91.66	76.3	63.13	46.65	40.9
Total Current Liabilities	220.67	260.07	188.7	176.25	137.28	110.52
Long-Term Debt	142	170.42	184.05	207.79	216.27	236.02
Long-Term Leases	988.43	812.02	618	527.47	427.73	375.49
Long-Term Unearned Revenue	8.15	11.92	7.8	12.53	13.04	14.07
Other Long-Term Liabilities	47.77	30.51	28.82	23.52	8.91	1.21
Total Liabilities	1,407	1,285	1,027	947.55	803.22	737.3
Common Stock	661.52	600.52	551.95	532	376	356
Additional Paid-In Capital	392.12	0.23	0.23	0.23	156.33	106.21
Retained Earnings	56.89	44.95	67.65	29.29	5.97	7.94
Comprehensive Income & Other	0.7	0.92	0	0.06	-	-
Total Common Equity	1,111	646.62	619.84	561.59	538.3	470.15
Minority Interest	24.05	25.52	37.03	34.52	20.1	3.45
Shareholders' Equity	1,135	672.14	656.86	596.11	558.39	473.61
Total Liabilities & Equity	2,542	1,957	1,684	1,544	1,362	1,211
Total Debt	1,210	1,124	872.25	809.48	693.55	665.07
Net Cash (Debt)	-404.29	-712.78	-476.45	-453.83	-397.18	-434.19
Net Cash Per Share	-6.27	-11.87	-7.93	-7.56	-6.61	-8.38
Filing Date Shares Outstanding	66.15	60.05	60.05	60.05	60.05	56.86
Total Common Shares Outstanding	66.15	60.05	60.05	60.05	60.05	56.86
Working Capital	673.96	216.55	275.37	225.97	246.99	248.41
Book Value Per Share	16.80	10.77	10.32	9.35	8.96	8.27
Tangible Book Value	1,111	645.92	619.27	560.56	537	468.56
Tangible Book Value Per Share	16.79	10.76	10.31	9.33	8.94	8.24
Land	-	-	-	-	-	27.06
Buildings	347.61	347.61	318.79	318.37	1.47	188.67
Machinery	90.96	80.72	70.11	65.91	31.5	35.59
Construction In Progress	34.02	45.61	36.54	15.22	62.31	27.6
Leasehold Improvements	268.75	228.91	168.75	148.38	67.97	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.