Ushine Photonics 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	Jun '25 Jun 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	344.03	350.51	329.13	352.62	139.15	79.01
Short-Term Investments	-	-	-	-	11.07	-
Cash & Short-Term Investments	344.03	350.51	329.13	352.62	150.22	79.01
Cash Growth	11.61%	6.50%	-6.66%	134.74%	90.12%	3.77%
Accounts Receivable	101.61	117.82	68.14	93.1	68.23	42.63
Other Receivables	0.43	0.55	0.51	1.2	1.33	0.02
Receivables	102.05	118.37	68.64	94.3	69.56	42.65
Inventory	64.58	44.59	70.66	96.57	63.93	84.35
Other Current Assets	1.9	0.4	2.06	0.8	0.42	12.44
Total Current Assets	512.56	513.88	470.49	544.29	284.13	218.45
Property, Plant & Equipment	376.55	352.81	304.21	327.89	278.68	234.45
Other Intangible Assets	1.59	2.14	2.78	3.76	1.68	1.76
Long-Term Deferred Tax Assets	10.47	5.21	7.36	5.05	3.64	3.64
Other Long-Term Assets	7.59	14.61	8.2	0.05	0.72	-
Total Assets	908.76	888.65	793.03	881.04	568.85	458.31
Accounts Payable	37.79	22.45	14.38	32.26	29.99	15.91
Accrued Expenses	29.49	30.51	23.62	49.18	15.41	5.41
Short-Term Debt	25	25	25	25	25	25
Current Portion of Long-Term Debt	44.89	40.47	25.06	21.11	14.43	5.79
Current Portion of Leases	1	1.36	1.32	-	-	-
Current Income Taxes Payable	10.01	7.16	0.3	18.65	-	-
Current Unearned Revenue	0.05	0.35	-	-	-	-
Other Current Liabilities	36.05	5.18	3.89	1.57	5.71	1.23
Total Current Liabilities	184.27	132.48	93.58	147.78	90.52	53.34
Long-Term Debt	166.12	188.65	194.46	190.81	204.62	217.2
Long-Term Leases	-	0.31	1.67	-	-	-
Long-Term Deferred Tax Liabilities	4.4	2.2	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	0.16	0.16
Total Liabilities	354.79	323.63	289.7	338.59	295.3	270.7
Common Stock	264.22	264.22	259	259	234	187.19
Additional Paid-In Capital	93.79	93.79	77.67	76.14	-	-
Retained Earnings	195.96	207	166.65	207.31	39.55	0.42
Shareholders' Equity	553.97	565.01	503.32	542.45	273.55	187.6
Total Liabilities & Equity	908.76	888.65	793.03	881.04	568.85	458.31
Total Debt	237.01	255.78	247.51	236.92	244.04	248
Net Cash (Debt)	107.03	94.73	81.61	115.7	-93.83	-168.99
Net Cash Growth	50.58%	16.07%	-29.46%	-	-	-
Net Cash Per Share	4.03	3.61	3.10	4.69	-4.22	-9.02
Filing Date Shares Outstanding	26.42	26.42	25.9	25.9	23.4	18.72
Total Common Shares Outstanding	26.42	26.42	25.9	25.9	23.4	18.72
Working Capital	328.3	381.4	376.91	396.51	193.61	165.11
Book Value Per Share	20.97	21.38	19.43	20.94	11.69	10.02
Tangible Book Value	552.38	562.88	500.55	538.69	271.87	185.84
Tangible Book Value Per Share	20.91	21.30	19.33	20.80	11.62	9.93
Land	89.6	89.6	89.6	89.6	89.6	89.6
Buildings	130.81	130.81	124.75	117.62	116.08	135.48
Machinery	176.85	165.27	163.1	241.61	204.46	148.09
Construction In Progress	116.54	84.93	10.36	8.46	3.72	-

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