Chinyang Poly
Chinyang Poly Urethane Co.,Ltd, together with its subsidiaries, engages in the manufacture, processing, and sale of polyurethane foam products in South Korea. The company's foam products are used in furniture, automobile, shoes, construction, packaging, and electronics applications. It also offers flooring materials and synthetic leather; and automotive interiors and parts. In addition, the compa… Read more
Chinyang Poly (010640) - Net Assets
Latest net assets as of September 2025: ₩31.59 Billion KRW
Based on the latest financial reports, Chinyang Poly (010640) has net assets worth ₩31.59 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩73.56 Billion) and total liabilities (₩41.97 Billion). 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 | ₩31.59 Billion |
| % of Total Assets | 42.94% |
| Annual Growth Rate | 9.92% |
| 5-Year Change | 21.62% |
| 10-Year Change | 90.4% |
| Growth Volatility | 23.12 |
Chinyang Poly - Net Assets Trend (2009–2024)
This chart illustrates how Chinyang Poly's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chinyang Poly (2009–2024)
The table below shows the annual net assets of Chinyang Poly from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩32.73 Billion | +1.61% |
| 2023-12-31 | ₩32.22 Billion | +4.90% |
| 2022-12-31 | ₩30.71 Billion | +4.20% |
| 2021-12-31 | ₩29.47 Billion | +9.50% |
| 2020-12-31 | ₩26.91 Billion | +1.24% |
| 2019-12-31 | ₩26.58 Billion | +39.72% |
| 2018-12-31 | ₩19.03 Billion | +4.57% |
| 2017-12-31 | ₩18.20 Billion | +3.13% |
| 2016-12-31 | ₩17.64 Billion | +2.63% |
| 2012-12-31 | ₩17.19 Billion | -0.61% |
| 2011-12-31 | ₩17.30 Billion | +82.25% |
| 2010-12-31 | ₩9.49 Billion | +19.83% |
| 2009-12-31 | ₩7.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chinyang Poly'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 grown by 5448.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩25.30 Billion | 77.30% |
| Other Components | ₩7.43 Billion | 22.70% |
| Total Equity | ₩32.73 Billion | 100.00% |
Chinyang Poly Competitors by Market Cap
The table below lists competitors of Chinyang Poly ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COCRYSTAL PHARMA NEW O.N.
F:8CC
|
$8.54 Million |
|
Softtech Engineers Limited
NSE:SOFTTECH
|
$8.54 Million |
|
Eksun Gida Tarim Sanayi ve Ticaret A.S.
IS:EKSUN
|
$8.54 Million |
|
HLscience Co. Ltd
KQ:239610
|
$8.54 Million |
|
Bangkok Union Insurance Public Co. Ltd.
BK:BUI
|
$8.54 Million |
|
Highcom Ltd
AU:HCL
|
$8.53 Million |
|
Clean & Science co. Ltd
KQ:045520
|
$8.52 Million |
|
SCAND.INV.GR.NAM.B DK 05
F:2D2
|
$8.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chinyang Poly's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,215,828,610 to 32,734,111,390, a change of 518,282,780 (1.6%).
- Net income of 3,163,716,220 contributed positively to equity growth.
- Dividend payments of 2,500,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩3.16 Billion | +9.66% |
| Dividends Paid | ₩2.50 Billion | -7.64% |
| Other Changes | ₩-145.43 Million | -0.44% |
| Total Change | ₩- | 1.61% |
Book Value vs Market Value Analysis
This analysis compares Chinyang Poly'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: 0.90x
- 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 decreased from 1.39x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₩1819.63 | ₩2525.00 | x |
| 2018-12-31 | ₩1902.72 | ₩2525.00 | x |
| 2019-12-31 | ₩2658.41 | ₩2525.00 | x |
| 2020-12-31 | ₩2691.44 | ₩2525.00 | x |
| 2021-12-31 | ₩2947.11 | ₩2525.00 | x |
| 2022-12-31 | ₩3070.96 | ₩2525.00 | x |
| 2023-12-31 | ₩3221.58 | ₩2525.00 | x |
| 2024-12-31 | ₩2790.41 | ₩2525.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chinyang Poly 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): 9.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.85%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.75x
- Recent ROE (9.66%) is below the historical average (13.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 5.76% | 2.16% | 1.41x | 1.89x | ₩-335.94 Million |
| 2010 | 20.76% | 8.90% | 1.60x | 1.46x | ₩1.02 Billion |
| 2011 | 8.86% | 6.83% | 0.91x | 1.43x | ₩-198.04 Million |
| 2012 | 8.11% | 6.43% | 0.91x | 1.39x | ₩-324.23 Million |
| 2016 | 39.70% | 40.46% | 0.50x | 1.97x | ₩5.24 Billion |
| 2017 | 2.95% | 2.27% | 0.67x | 1.94x | ₩-1.28 Billion |
| 2018 | 5.03% | 3.18% | 0.86x | 1.84x | ₩-944.98 Million |
| 2019 | 28.41% | 21.51% | 0.81x | 1.63x | ₩4.89 Billion |
| 2020 | 5.99% | 4.34% | 0.83x | 1.66x | ₩-1.08 Billion |
| 2021 | 12.90% | 7.16% | 1.10x | 1.63x | ₩855.01 Million |
| 2022 | 11.37% | 6.63% | 1.14x | 1.50x | ₩422.07 Million |
| 2023 | 11.37% | 6.72% | 1.05x | 1.61x | ₩442.00 Million |
| 2024 | 9.66% | 5.85% | 0.94x | 1.75x | ₩-109.69 Million |
Industry Comparison
This section compares Chinyang Poly's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $729,340,395,312
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chinyang Poly (010640) | ₩31.59 Billion | 5.76% | 1.33x | $8.54 Million |
| DL Holdings CO. LTD. (000210) | $4.53 Trillion | 19.10% | 0.84x | $381.57 Million |
| Norooholdings (000320) | $402.45 Billion | 6.30% | 1.12x | $45.80 Million |
| Noroo Holdings Co Ltd (000325) | $583.54 Billion | 0.27% | 0.81x | $60.77 Million |
| Samhwa Paint (000390) | $299.72 Billion | 1.87% | 0.96x | $86.24 Million |
| Kangnam Jevisco Co Ltd (000860) | $366.15 Billion | 10.97% | 0.26x | $58.42 Million |
| Paik Kwang Ind (001340) | $204.57 Billion | 3.85% | 1.06x | $113.44 Million |
| Bo Lak (002760) | $43.76 Billion | 2.53% | 0.22x | $30.02 Million |
| Songwon Industrial (004430) | $543.25 Billion | 13.30% | 1.05x | $79.87 Million |
| Cho Kwang Pain (004910) | $172.73 Billion | -1.34% | 0.81x | $17.90 Million |
| Cosmoam&T (005070) | $147.00 Billion | -3.99% | 0.78x | $305.37 Million |