Sincere Security Corp. 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	401.25	394.57	389.19	305.54	247.67
Cash & Short-Term Investments	401.25	394.57	389.19	305.54	247.67
Cash Growth	1.69%	1.38%	27.38%	23.36%	-2.25%
Accounts Receivable	624.27	526.57	471.09	473.39	334.79
Receivables	624.27	526.57	471.09	473.39	334.79
Prepaid Expenses	10.88	11.31	9.29	8.1	7.41
Other Current Assets	30.56	19.74	115.9	66.25	62.94
Total Current Assets	1,067	952.18	985.47	853.28	652.81
Property, Plant & Equipment	137.68	138.92	133.8	127.35	128.74
Long-Term Accounts Receivable	14.24	-	1.83	6.8	12.68
Long-Term Deferred Tax Assets	1.78	0.54	0.39	0.19	1.45
Other Long-Term Assets	18.62	38.41	20.12	33.49	64.08
Total Assets	1,239	1,130	1,142	1,021	859.77
Accounts Payable	50.12	46.54	62.42	57.37	51.68
Accrued Expenses	415.53	380.28	335.58	294.97	253.15
Short-Term Debt	30	-	80	20	20
Current Portion of Long-Term Debt	2.7	2.7	2.7	22.5	3.5
Current Portion of Leases	3.22	2.6	1.47	2.75	4.53
Current Income Taxes Payable	15.06	15.73	11.81	2.83	12.31
Other Current Liabilities	23.6	15.47	21.59	12.35	13.15
Total Current Liabilities	540.23	463.31	515.58	412.77	358.3
Long-Term Debt	38.48	41.18	43.88	46.58	69.08
Long-Term Leases	1.05	3.29	0.22	0.82	0.95
Other Long-Term Liabilities	0.02	-	-	-	-
Total Liabilities	579.77	507.78	559.68	460.17	428.32
Common Stock	225	225	225	225	200
Additional Paid-In Capital	178.63	178.63	178.63	178.63	60.89
Retained Earnings	255.87	218.64	178.3	157.32	170.56
Shareholders' Equity	659.5	622.27	581.92	560.94	431.45
Total Liabilities & Equity	1,239	1,130	1,142	1,021	859.77
Total Debt	75.44	49.76	128.27	92.65	98.05
Net Cash (Debt)	325.81	344.8	260.92	212.9	149.62
Net Cash Growth	-5.51%	32.15%	22.56%	42.29%	-14.46%
Net Cash Per Share	14.47	15.31	11.59	9.80	7.48
Filing Date Shares Outstanding	22.5	22.5	22.5	22.5	20
Total Common Shares Outstanding	22.5	22.5	22.5	22.5	20
Working Capital	526.72	488.87	469.89	440.51	294.51
Book Value Per Share	29.31	27.66	25.86	24.93	21.57
Tangible Book Value	659.5	622.27	581.92	560.94	431.45
Tangible Book Value Per Share	29.31	27.66	25.86	24.93	21.57
Land	48.53	45.08	45.08	45.08	45.08
Buildings	51.48	50.66	50.66	50.66	50.66
Machinery	80.73	80.36	68.52	56.12	50.78

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