Shen's Art Printing 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	166.32	145.52	177.65	177.15	213.78
Trading Asset Securities	-	0.26	0.21	0.23	-
Cash & Short-Term Investments	166.32	145.77	177.86	177.38	213.78
Cash Growth	14.09%	-18.04%	0.27%	-17.03%	75.36%
Accounts Receivable	144.79	152.97	140.17	145.32	103.72
Other Receivables	1.65	13.36	21.48	3.25	6.3
Receivables	146.43	166.33	161.64	148.57	110.02
Inventory	71.73	64.67	55.65	105.02	88.47
Other Current Assets	23.01	13.38	13.44	10.69	1.41
Total Current Assets	407.49	390.15	408.59	441.66	413.67
Property, Plant & Equipment	869.65	408.36	385.52	422.44	287.06
Long-Term Investments	478.27	388.3	320.04	323.24	329.22
Other Intangible Assets	0.63	0.95	1.2	1.66	1.24
Long-Term Deferred Tax Assets	2.08	2.04	2	1.92	3.35
Other Long-Term Assets	60.4	49.24	100.35	53.14	52.85
Total Assets	1,819	1,239	1,218	1,244	1,087
Accounts Payable	107.98	114.18	99.83	107.94	89.58
Accrued Expenses	24.18	24.25	25.86	29.91	20.99
Short-Term Debt	10	10	10	-	-
Current Portion of Long-Term Debt	7.85	9.94	10.99	42.89	-
Current Portion of Leases	3.52	6.69	6.71	6.66	0.56
Current Income Taxes Payable	-	-	0.7	1.52	0.42
Current Unearned Revenue	18.58	19.53	7.6	21.85	21.19
Other Current Liabilities	78.99	17.53	15.13	21.45	17.82
Total Current Liabilities	251.11	202.12	176.82	232.23	150.56
Long-Term Debt	397.38	35.07	45.28	37.93	-
Long-Term Leases	0.53	4.05	10.5	17.21	0.98
Pension & Post-Retirement Benefits	-	3.22	6.21	9.29	11.48
Long-Term Deferred Tax Liabilities	15.96	7.87	8.81	6.23	-
Other Long-Term Liabilities	0.9	0.9	0.9	0.9	11.92
Total Liabilities	665.87	253.23	248.53	303.8	174.95
Common Stock	465.92	465.92	465.92	465.92	465.92
Additional Paid-In Capital	252.34	252.34	252.34	252.34	252.34
Retained Earnings	104.03	100.51	104.32	110.56	109.22
Comprehensive Income & Other	209.36	152.47	132.03	94.5	84.96
Total Common Equity	1,032	971.25	954.61	923.32	912.45
Minority Interest	121	14.57	14.56	16.94	-
Shareholders' Equity	1,153	985.82	969.17	940.26	912.45
Total Liabilities & Equity	1,819	1,239	1,218	1,244	1,087
Total Debt	419.27	65.74	83.48	104.7	1.55
Net Cash (Debt)	-252.96	80.03	94.38	72.68	212.23
Net Cash Growth	-	-15.20%	29.84%	-65.75%	76.03%
Net Cash Per Share	-5.43	1.72	2.03	1.56	4.56
Filing Date Shares Outstanding	46.59	46.59	46.59	46.59	46.59
Total Common Shares Outstanding	46.59	46.59	46.59	46.59	46.59
Working Capital	156.39	188.04	231.77	209.42	263.11
Book Value Per Share	22.14	20.85	20.49	19.82	19.58
Tangible Book Value	1,031	970.3	953.41	921.66	911.2
Tangible Book Value Per Share	22.13	20.83	20.46	19.78	19.56
Land	117.9	117.9	117.9	117.9	117.9
Buildings	341.95	341.95	341.72	340.97	338.29
Machinery	1,060	1,059	996.42	1,037	807.98
Construction In Progress	431.16	-	2.48	0.01	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.