CN Asia Corporation Bhd
CN Asia Corporation Bhd, an investment holding company, manufactures and trades in tanks and related products in Malaysia. It operates through Manufacturing, Energy Management, Financial Services, and Investment segments. The company offers underground, aboveground skid, saddle, and fuel and storage tanks for the petroleum, logistics and power, and general process industries; manufacturing dish h… Read more
CN Asia Corporation Bhd (7986) - Net Assets
Latest net assets as of September 2025: RM22.64 Million MYR
Based on the latest financial reports, CN Asia Corporation Bhd (7986) has net assets worth RM22.64 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM40.33 Million) and total liabilities (RM17.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM22.64 Million |
| % of Total Assets | 56.13% |
| Annual Growth Rate | -1.89% |
| 5-Year Change | -58.45% |
| 10-Year Change | -42.53% |
| Growth Volatility | 37.75 |
CN Asia Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how CN Asia Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CN Asia Corporation Bhd (2012–2025)
The table below shows the annual net assets of CN Asia Corporation Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM22.64 Million | -34.08% |
| 2024-12-31 | RM34.34 Million | +7.46% |
| 2023-12-31 | RM31.96 Million | -24.17% |
| 2022-12-31 | RM42.14 Million | -22.65% |
| 2021-12-31 | RM54.48 Million | +37.08% |
| 2020-12-31 | RM39.75 Million | -8.06% |
| 2019-12-31 | RM43.23 Million | +4.13% |
| 2018-12-31 | RM41.52 Million | +2.72% |
| 2017-12-31 | RM40.42 Million | +2.61% |
| 2016-12-31 | RM39.39 Million | +118.84% |
| 2015-12-31 | RM18.00 Million | -21.74% |
| 2014-12-31 | RM23.00 Million | -14.81% |
| 2013-12-31 | RM27.00 Million | -6.90% |
| 2012-12-31 | RM29.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CN Asia Corporation Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 929791000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM41.68 Million | 184.14% |
| Total Equity | RM22.64 Million | 100.00% |
CN Asia Corporation Bhd Competitors by Market Cap
The table below lists competitors of CN Asia Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AquaBounty Technologies Inc
NASDAQ:AQB
|
$3.62 Million |
|
CAM Resources Bhd
KLSE:7128
|
$3.62 Million |
|
PATRYS Ltd
AU:PAB
|
$3.62 Million |
|
Luen Thai Holdings
F:LTJ
|
$3.62 Million |
|
ODIGMA CONSULTANCY SOLUTIONS LTD
NSE:ODIGMA
|
$3.62 Million |
|
ID Logistics
STU:1ID
|
$3.62 Million |
|
Tera Light Ltd
TA:TRLT
|
$3.62 Million |
|
Scalare Partners Holdings Ltd
AU:SCP
|
$3.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CN Asia Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,338,000 to 22,636,900, a change of -11,701,100 (-34.1%).
- Net loss of 10,955,680 reduced equity.
- Share repurchases of 1,637,430 reduced equity.
- Other factors increased equity by 892,010.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-10.96 Million | -48.4% |
| Share Repurchases | RM1.64 Million | -7.23% |
| Other Changes | RM892.01K | +3.94% |
| Total Change | RM- | -34.08% |
Book Value vs Market Value Analysis
This analysis compares CN Asia Corporation Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.19x to 0.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.35 | RM0.07 | x |
| 2017-12-31 | RM0.36 | RM0.07 | x |
| 2018-12-31 | RM0.37 | RM0.07 | x |
| 2019-12-31 | RM0.35 | RM0.07 | x |
| 2020-12-31 | RM0.29 | RM0.07 | x |
| 2021-12-31 | RM0.30 | RM0.07 | x |
| 2022-12-31 | RM0.17 | RM0.07 | x |
| 2023-12-31 | RM0.13 | RM0.07 | x |
| 2024-12-31 | RM0.13 | RM0.07 | x |
| 2025-12-31 | RM0.08 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CN Asia Corporation Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.71%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.78x
- Recent ROE (-48.40%) is below the historical average (-11.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 55.97% | 117.61% | 0.41x | 1.17x | RM18.11 Million |
| 2017 | 4.51% | 9.07% | 0.45x | 1.10x | RM-2.22 Million |
| 2018 | 3.91% | 7.97% | 0.44x | 1.11x | RM-2.53 Million |
| 2019 | -0.03% | -0.08% | 0.32x | 1.13x | RM-4.34 Million |
| 2020 | -12.84% | -34.67% | 0.31x | 1.21x | RM-9.08 Million |
| 2021 | -21.42% | -100.11% | 0.18x | 1.18x | RM-17.12 Million |
| 2022 | -64.79% | -216.23% | 0.24x | 1.25x | RM-31.52 Million |
| 2023 | -31.88% | -52.11% | 0.44x | 1.39x | RM-13.38 Million |
| 2024 | 2.17% | 3.20% | 0.44x | 1.53x | RM-2.69 Million |
| 2025 | -48.40% | -28.71% | 0.95x | 1.78x | RM-13.22 Million |
Industry Comparison
This section compares CN Asia Corporation Bhd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $82,772,838
- Average return on equity (ROE) among peers: 2.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CN Asia Corporation Bhd (7986) | RM22.64 Million | 55.97% | 0.78x | $3.62 Million |
| YBS International Bhd (0025) | $138.20 Million | -6.93% | 0.65x | $6.42 Million |
| AT Systematization Bhd (0072) | $61.56 Million | -14.21% | 0.33x | $3.46 Million |
| Genetec Technology Bhd (0104) | $81.54 Million | 15.23% | 0.56x | $24.03 Million |
| Boilermech Holdings Bhd (0168) | $276.72 Million | 12.16% | 0.52x | $38.89 Million |
| HLT Global Bhd (0188) | $47.90 Million | -54.49% | 1.51x | $3.07 Million |
| Greatech Technology Bhd (0208) | $69.87 Million | 45.40% | 1.18x | $394.88 Million |
| Aimflex Bhd (0209) | $65.28 Million | 12.88% | 0.21x | $14.70 Million |
| Flexidynamic Holdings Bhd (0231) | $24.39 Million | 18.57% | 1.53x | $1.77 Million |
| ECA (0267) | $53.32 Million | -14.68% | 0.24x | $7.00 Million |
| TP TEC Holding Berhad (03061) | $8.96 Million | 6.11% | 1.44x | $664.44 |