HORNG SHIUE: To correct the partial notes of the company’s consolidated financial statements for the year 2021







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Provided by: HORNG SHIUE HOLDING Co., Ltd.

SEQ_NO

1

announcement date

2022/06/07

Announcement time

10:52:02

Matter

 To correct partial notes of the Company
Consolidated Financial Statements for the year 2021

Date of events

2022/06/06

What item it responds to

paragraph 51

Statement

1.Date of occurrence of the event:2022/06/06
2.Company name:HORNG SHIUE HOLDING Co., Ltd.
3.Relationship with the Company (please enter "the company itself"
or "subsidiaries"):the company itself
4.Reciprocal shareholding percentage:NA
5.Cause of occurrence:Correction of operations improvement and financial
 measures
6.Information items/ statements to be corrected:To correct the note 12(4)
 operations improvement and financial measures department information
 on page 52 of the Company Consolidated Financial Statements for the
 year 2021.
7.Amounts/ contents/ number of page to be corrected:
Note 12(4) on page 52 of the Company Consolidated Financial Statements
 for the year 2021.
12(4) operations improvement and financial measures
 As of December 31, 2011, the Group's short-term borrowings and
 long-term liabilities due within one year or one operating cycle
 amounted to $364,619 and $413,545, respectively, and the current
 ratio and quick ratio were 0.93 and 0.31, respectively, compared
 with the current ratio and quick ratio as at 31 December were
 0.91 and 0.31; increased by 2.20% and remained unchanged by 0.00%.
 The Group has formulated the following countermeasures to
 continuously improve its operational and financial position:
1. Operational performance: The ministry of commerce has
 successively signed external orders in 2011. In addition,
 the foreign-related orders signed in 2010 have been shipped
 out one after another. It is expected that the first half
 of the year will enter the peak period of payment collection.
 In addition, the order signing of the commercial sector in
 2021 was in good condition. It is expected that the overall
 collection status this year will be stable and improved
 compared with the past, which will definitely improve the
  operational performance this year and ensure operational
 safety.
2. Financial status: The main measure of the finance department
 is to arrange the outflow of funds to achieve the purpose of
 capital balance. In the 2021, by sorting out the customer
 credit classification, the payment rhythm was adjusted
 according to the age of the account. Arrange capital
 expenditures prudently to avoid inefficiencies; internally
 emphasize cost control to increase revenue and reduce
 expenditure.
3. Cash flow: In terms of financing negotiation with banks
 or financial institutions, actively strive for favorable
 measures, and at the same time moderately increase some
 financing loans, and adjust the debt structure through
 monthly installment repayment.
8.Amounts/ contents/ number of page after correction:
Note 12(4) on page 52 of the Company Consolidated Financial Statements
 for the year 2021.
12(4) operations improvement and financial measures
 As of December 31, 2011, the Group's short-term borrowings and
 long-term liabilities due within one year or one operating cycle
 amounted to $364,619 and $413,545, respectively, and the current
 ratio and quick ratio were 0.93 and 0.31, respectively, compared
 with the current ratio and quick ratio as at 31 December were
 0.91 and 0.31; increased by 2.20% and remained unchanged by 0.00%.
 The Group has formulated the following countermeasures to
 continuously improve its operational and financial position:
1. Operational performance: The Ministry of Commerce has
 successively signed external orders in 2011. In addition,
 the foreign-related orders signed in 2010 have been shipped
 out one after another. It is expected that the first half
 of 2011 will enter the peak period of payment collection.
 In addition, the order signing of the commercial department
 in 2011 was in good condition. It is expected that the
 overall collection situation in 2011 will be stable and higher
 than before, which will definitely improve the operational
 performance this year and ensure operational safety.
2. Financial status: The main measure of the finance department
 is to reasonably arrange the outflow of funds to achieve the
 purpose of capital balance.In 2021, by sorting out the customer
 credit classification, the payment rhythm was adjusted according
 to the age of the account. Arrange capital expenditures
 prudently to avoid inefficiencies; internally emphasize cost
 control to increase revenue and reduce expenditure.
3. Cash flow: In terms of financing negotiation with banks
 or financial institutions, actively strive for favorable
 measures, and at the same time moderately increase some
 financing loans, and adjust the debt structure through
 monthly installment repayment.
9.Countermeasures: Re-upload the corrected data to the Market
 Observation Post System.
10.Any other matters that need to be specified:None

Disclaimer

HORNG SHIUE HOLDING Co.Ltd. published this content on June 07, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 07, 2022 03:21:00 UTC.

Public now 2022

All news about HORNG SHIUE HOLDING CO., LTD.

Sales 2021 1,500 million
51.0 million
51.0 million
Net income 2021 -79.5M
-2.70M
-2.70M
Net debt 2021 1,331 million
45.3 million
45.3 million
PER 2021 ratio -10.1x
2021 performance
Capitalization 823 million
28.0 million
28.0 million
EV / Sales 2020 2.94x
EV / Sales 2021 1.45x
# of employees
Floating 36.5%

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