Chia Hsin Cement Corp
Chia Hsin Cement Corporation manufactures and sells cement in Taiwan, China, and Japan. It operates through Cement, Real Estate, Warehousing and Storage, Hospitality and Catering, and Other segments. The company's activities include the wholesale and retail sale of building materials; non-metallic mining; manufacturing of mixed concrete; international trade; leasing, construction, and development… Read more
Chia Hsin Cement Corp (1103) - Net Assets
Latest net assets as of September 2025: NT$18.82 Billion TWD
Based on the latest financial reports, Chia Hsin Cement Corp (1103) has net assets worth NT$18.82 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$33.27 Billion) and total liabilities (NT$14.45 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 | NT$18.82 Billion |
| % of Total Assets | 56.56% |
| Annual Growth Rate | 2.11% |
| 5-Year Change | -13.7% |
| 10-Year Change | 53.7% |
| Growth Volatility | 13.26 |
Chia Hsin Cement Corp - Net Assets Trend (2000–2024)
This chart illustrates how Chia Hsin Cement Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chia Hsin Cement Corp (2000–2024)
The table below shows the annual net assets of Chia Hsin Cement Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$21.59 Billion | -3.70% |
| 2023-12-31 | NT$22.42 Billion | +1.91% |
| 2022-12-31 | NT$22.00 Billion | -15.09% |
| 2021-12-31 | NT$25.91 Billion | +3.57% |
| 2020-12-31 | NT$25.02 Billion | +5.66% |
| 2019-12-31 | NT$23.68 Billion | +13.18% |
| 2018-12-31 | NT$20.92 Billion | +8.61% |
| 2017-12-31 | NT$19.26 Billion | +21.80% |
| 2016-12-31 | NT$15.81 Billion | +12.58% |
| 2015-12-31 | NT$14.05 Billion | -27.15% |
| 2014-12-31 | NT$19.28 Billion | -10.31% |
| 2013-12-31 | NT$21.50 Billion | +30.62% |
| 2012-12-31 | NT$16.46 Billion | -8.90% |
| 2011-12-31 | NT$18.07 Billion | -0.07% |
| 2010-12-31 | NT$18.08 Billion | -4.89% |
| 2009-12-31 | NT$19.01 Billion | +5.81% |
| 2008-12-31 | NT$17.97 Billion | -5.36% |
| 2007-12-31 | NT$18.98 Billion | +2.06% |
| 2006-12-31 | NT$18.60 Billion | +35.45% |
| 2005-12-31 | NT$13.73 Billion | +3.35% |
| 2004-12-31 | NT$13.29 Billion | +2.54% |
| 2003-12-31 | NT$12.96 Billion | -4.55% |
| 2002-12-31 | NT$13.58 Billion | +3.27% |
| 2001-12-31 | NT$13.15 Billion | +0.51% |
| 2000-12-31 | NT$13.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chia Hsin Cement Corp'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 535556500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.36 Billion | 25.65% |
| Other Components | NT$15.53 Billion | 74.35% |
| Total Equity | NT$20.88 Billion | 100.00% |
Chia Hsin Cement Corp Competitors by Market Cap
The table below lists competitors of Chia Hsin Cement Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanyang Digitech Co. Ltd
KQ:078350
|
$115.40 Million |
|
Mosa Industrial Corp
TW:4564
|
$115.42 Million |
|
CELON PHARMA S.A. ZY-10
F:8RP
|
$115.42 Million |
|
Surya Citra Media Tbk
JK:SCMA
|
$115.44 Million |
|
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
|
$115.27 Million |
|
SmartCraft ASA
OL:SMCRT
|
$115.21 Million |
|
OCUPHIRE PHARMA DL-0001
F:R3X1
|
$115.10 Million |
|
HEIMSTADEN AB PR.SHS O.N.
F:61B
|
$115.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chia Hsin Cement Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,681,451,000 to 20,881,663,000, a change of -799,788,000 (-3.7%).
- Net income of 319,580,000 contributed positively to equity growth.
- Dividend payments of 337,775,000 reduced retained earnings.
- New share issuances of 21,890,000 increased equity.
- Other comprehensive income decreased equity by 3,280,168,000.
- Other factors increased equity by 2,476,685,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$319.58 Million | +1.53% |
| Dividends Paid | NT$337.77 Million | -1.62% |
| Share Issuances | NT$21.89 Million | +0.1% |
| Other Comprehensive Income | NT$-3.28 Billion | -15.71% |
| Other Changes | NT$2.48 Billion | +11.86% |
| Total Change | NT$- | -3.69% |
Book Value vs Market Value Analysis
This analysis compares Chia Hsin Cement Corp'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: 0.43x
- 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 0.66x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$20.34 | NT$13.50 | x |
| 2007-12-31 | NT$25.35 | NT$13.50 | x |
| 2008-12-31 | NT$24.12 | NT$13.50 | x |
| 2009-12-31 | NT$26.32 | NT$13.50 | x |
| 2010-12-31 | NT$24.68 | NT$13.50 | x |
| 2011-12-31 | NT$23.82 | NT$13.50 | x |
| 2012-12-31 | NT$21.42 | NT$13.50 | x |
| 2013-12-31 | NT$28.96 | NT$13.50 | x |
| 2014-12-31 | NT$26.34 | NT$13.50 | x |
| 2015-12-31 | NT$18.80 | NT$13.50 | x |
| 2016-12-31 | NT$21.48 | NT$13.50 | x |
| 2017-12-31 | NT$26.65 | NT$13.50 | x |
| 2018-12-31 | NT$28.94 | NT$13.50 | x |
| 2019-12-31 | NT$34.69 | NT$13.50 | x |
| 2020-12-31 | NT$36.81 | NT$13.50 | x |
| 2021-12-31 | NT$38.03 | NT$13.50 | x |
| 2022-12-31 | NT$31.67 | NT$13.50 | x |
| 2023-12-31 | NT$32.90 | NT$13.50 | x |
| 2024-12-31 | NT$31.62 | NT$13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chia Hsin Cement Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.70%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.68x
- Recent ROE (1.53%) is below the historical average (3.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.81% | 5.37% | 0.23x | 3.82x | NT$-481.80 Million |
| 2003 | 7.49% | 8.92% | 0.26x | 3.23x | NT$-258.78 Million |
| 2004 | 4.03% | 4.49% | 0.29x | 3.08x | NT$-630.76 Million |
| 2005 | 2.05% | 2.24% | 0.30x | 3.06x | NT$-855.71 Million |
| 2006 | 18.49% | 26.28% | 0.30x | 2.33x | NT$1.26 Billion |
| 2007 | 5.85% | 9.36% | 0.34x | 1.81x | NT$-696.09 Million |
| 2008 | 1.46% | 3.69% | 0.21x | 1.88x | NT$-1.35 Billion |
| 2009 | 2.46% | 9.84% | 0.14x | 1.78x | NT$-1.27 Billion |
| 2010 | 2.27% | 7.37% | 0.16x | 1.88x | NT$-1.23 Billion |
| 2011 | 1.02% | 3.10% | 0.17x | 1.93x | NT$-1.41 Billion |
| 2012 | -5.17% | -15.68% | 0.16x | 2.07x | NT$-2.14 Billion |
| 2013 | 6.67% | 29.80% | 0.13x | 1.75x | NT$-636.14 Million |
| 2014 | 0.09% | 0.42% | 0.12x | 1.94x | NT$-1.72 Billion |
| 2015 | 1.79% | 7.84% | 0.10x | 2.21x | NT$-1.02 Billion |
| 2016 | 0.18% | 0.79% | 0.12x | 1.85x | NT$-1.39 Billion |
| 2017 | 5.11% | 42.72% | 0.07x | 1.62x | NT$-855.98 Million |
| 2018 | 3.68% | 33.44% | 0.07x | 1.68x | NT$-1.20 Billion |
| 2019 | 5.69% | 68.87% | 0.05x | 1.70x | NT$-983.87 Million |
| 2020 | 7.30% | 85.71% | 0.05x | 1.68x | NT$-653.85 Million |
| 2021 | 2.63% | 29.63% | 0.06x | 1.61x | NT$-1.84 Billion |
| 2022 | -0.85% | -8.02% | 0.06x | 1.71x | NT$-2.31 Billion |
| 2023 | 0.37% | 2.78% | 0.08x | 1.68x | NT$-2.09 Billion |
| 2024 | 1.53% | 10.70% | 0.09x | 1.68x | NT$-1.77 Billion |
Industry Comparison
This section compares Chia Hsin Cement Corp's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $12,728,811,556
- Average return on equity (ROE) among peers: 8.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chia Hsin Cement Corp (1103) | NT$18.82 Billion | 4.81% | 0.77x | $115.31 Million |
| Universal Cement Corp (1104) | $13.38 Billion | 5.32% | 0.19x | $364.13 Million |
| Lucky Cement Co (1108) | $4.80 Billion | 6.57% | 0.61x | $88.91 Million |
| Hsing Ta Cement Co Ltd (1109) | $5.71 Billion | 4.90% | 0.17x | $89.19 Million |
| Southeast Cement Co Ltd (1110) | $8.51 Billion | 0.77% | 0.09x | $139.76 Million |
| Taiwan Glass Ind Corp (1802) | $51.66 Billion | -1.36% | 0.80x | $2.52 Billion |
| Goldsun Building Materials Co Ltd (2504) | $25.62 Billion | 13.78% | 0.58x | $902.17 Million |
| Lihtai Construction Enterprise Co Ltd (5520) | $1.80 Billion | 3.42% | 0.25x | $51.69 Million |
| Yonggu Group Inc (5546) | $1.95 Billion | 23.73% | 1.67x | $14.85 Million |
| Wellpool Co Ltd (8424) | $1.12 Billion | 14.88% | 0.19x | $32.89 Million |