Lien Hwa Industrial Corp
Lien Hwa Industrial Holdings Corporation, together with its subsidiaries, engages in the production and sale of flour products. It operates through five segments: Rental Business, Flour Business, Flour Business Overseas, Administrative Resource Center, and System Integration Service business. The company engages in the houses and land rental and provision of real estate management development ser… Read more
Lien Hwa Industrial Corp (1229) - Net Assets
Latest net assets as of September 2025: NT$79.46 Billion TWD
Based on the latest financial reports, Lien Hwa Industrial Corp (1229) has net assets worth NT$79.46 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$98.84 Billion) and total liabilities (NT$19.38 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$79.46 Billion |
| % of Total Assets | 80.39% |
| Annual Growth Rate | 8.78% |
| 5-Year Change | 66.03% |
| 10-Year Change | 264.31% |
| Growth Volatility | 14.98 |
Lien Hwa Industrial Corp - Net Assets Trend (2000–2024)
This chart illustrates how Lien Hwa Industrial 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 Lien Hwa Industrial Corp (2000–2024)
The table below shows the annual net assets of Lien Hwa Industrial Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$73.80 Billion | +12.90% |
| 2023-12-31 | NT$65.37 Billion | +22.34% |
| 2022-12-31 | NT$53.43 Billion | -5.30% |
| 2021-12-31 | NT$56.42 Billion | +26.94% |
| 2020-12-31 | NT$44.45 Billion | +18.12% |
| 2019-12-31 | NT$37.63 Billion | +52.84% |
| 2018-12-31 | NT$24.62 Billion | -2.63% |
| 2017-12-31 | NT$25.29 Billion | +14.34% |
| 2016-12-31 | NT$22.11 Billion | +9.17% |
| 2015-12-31 | NT$20.26 Billion | -6.58% |
| 2014-12-31 | NT$21.68 Billion | +3.71% |
| 2013-12-31 | NT$20.91 Billion | +5.57% |
| 2012-12-31 | NT$19.81 Billion | -6.29% |
| 2011-12-31 | NT$21.13 Billion | -2.99% |
| 2010-12-31 | NT$21.79 Billion | +27.07% |
| 2009-12-31 | NT$17.14 Billion | +16.47% |
| 2008-12-31 | NT$14.72 Billion | -12.32% |
| 2007-12-31 | NT$16.79 Billion | +8.82% |
| 2006-12-31 | NT$15.43 Billion | +33.57% |
| 2005-12-31 | NT$11.55 Billion | +17.03% |
| 2004-12-31 | NT$9.87 Billion | +0.88% |
| 2003-12-31 | NT$9.78 Billion | +4.13% |
| 2002-12-31 | NT$9.40 Billion | +0.96% |
| 2001-12-31 | NT$9.31 Billion | -4.87% |
| 2000-12-31 | NT$9.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lien Hwa Industrial 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 866.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$16.20 Billion | 30.93% |
| Common Stock | NT$17.10 Billion | 32.65% |
| Other Comprehensive Income | NT$18.07 Billion | 34.49% |
| Other Components | NT$1.01 Billion | 1.94% |
| Total Equity | NT$52.39 Billion | 100.00% |
Lien Hwa Industrial Corp Competitors by Market Cap
The table below lists competitors of Lien Hwa Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kardex Holding AG
PINK:KRDXF
|
$1.38 Billion |
|
LianChuang Electronic Technology Co Ltd
SHE:002036
|
$1.38 Billion |
|
Kyland Technology Co Ltd
SHE:300353
|
$1.38 Billion |
|
Tibet Urban Development and Investment Co Ltd
SHG:600773
|
$1.38 Billion |
|
Guangdong Create Century Intelligent Equipment Group Corp Ltd
SHE:300083
|
$1.38 Billion |
|
JetBlue Airways Corp
NASDAQ:JBLU
|
$1.38 Billion |
|
Shanghai Baosight Software Co Ltd B
SHG:900926
|
$1.38 Billion |
|
Shanghai Junshi Biosciences Co. Ltd
PINK:SHJBF
|
$1.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lien Hwa Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 45,605,309,000 to 52,387,504,000, a change of 6,782,195,000 (14.9%).
- Net income of 4,190,598,000 contributed positively to equity growth.
- Dividend payments of 2,056,064,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,634,866,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.19 Billion | +8.0% |
| Dividends Paid | NT$2.06 Billion | -3.92% |
| Other Comprehensive Income | NT$4.63 Billion | +8.85% |
| Other Changes | NT$12.79 Million | +0.02% |
| Total Change | NT$- | 14.87% |
Book Value vs Market Value Analysis
This analysis compares Lien Hwa Industrial 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.53x to 1.52x 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$9.81 | NT$44.40 | x |
| 2007-12-31 | NT$10.79 | NT$44.40 | x |
| 2008-12-31 | NT$8.54 | NT$44.40 | x |
| 2009-12-31 | NT$10.03 | NT$44.40 | x |
| 2010-12-31 | NT$13.54 | NT$44.40 | x |
| 2011-12-31 | NT$12.66 | NT$44.40 | x |
| 2012-12-31 | NT$11.94 | NT$44.40 | x |
| 2013-12-31 | NT$12.53 | NT$44.40 | x |
| 2014-12-31 | NT$12.99 | NT$44.40 | x |
| 2015-12-31 | NT$12.12 | NT$44.40 | x |
| 2016-12-31 | NT$13.23 | NT$44.40 | x |
| 2017-12-31 | NT$15.15 | NT$44.40 | x |
| 2018-12-31 | NT$14.75 | NT$44.40 | x |
| 2019-12-31 | NT$16.30 | NT$44.40 | x |
| 2020-12-31 | NT$19.23 | NT$44.40 | x |
| 2021-12-31 | NT$23.89 | NT$44.40 | x |
| 2022-12-31 | NT$22.53 | NT$44.40 | x |
| 2023-12-31 | NT$25.49 | NT$44.40 | x |
| 2024-12-31 | NT$29.29 | NT$44.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lien Hwa Industrial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.37%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.76x
- Recent ROE (8.00%) is above the historical average (7.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.00% | 37.78% | 0.12x | 1.29x | NT$-391.34 Million |
| 2001 | 1.79% | 10.97% | 0.12x | 1.36x | NT$-764.07 Million |
| 2002 | 3.05% | 14.78% | 0.15x | 1.33x | NT$-653.40 Million |
| 2003 | 6.51% | 28.56% | 0.17x | 1.32x | NT$-341.01 Million |
| 2004 | 7.09% | 28.63% | 0.19x | 1.28x | NT$-287.48 Million |
| 2005 | 8.72% | 21.05% | 0.29x | 1.41x | NT$-135.36 Million |
| 2006 | 8.31% | 25.92% | 0.24x | 1.32x | NT$-244.21 Million |
| 2007 | 9.33% | 25.88% | 0.28x | 1.31x | NT$-106.31 Million |
| 2008 | 1.46% | 3.24% | 0.31x | 1.45x | NT$-1.18 Billion |
| 2009 | 7.96% | 31.87% | 0.18x | 1.35x | NT$-334.12 Million |
| 2010 | 9.18% | 43.86% | 0.17x | 1.25x | NT$-177.85 Million |
| 2011 | 7.29% | 28.70% | 0.21x | 1.24x | NT$-568.75 Million |
| 2012 | 7.96% | 40.03% | 0.16x | 1.24x | NT$-404.35 Million |
| 2013 | 6.41% | 24.87% | 0.21x | 1.24x | NT$-748.55 Million |
| 2014 | 7.95% | 32.42% | 0.20x | 1.20x | NT$-444.36 Million |
| 2015 | 7.02% | 26.70% | 0.22x | 1.21x | NT$-600.97 Million |
| 2016 | 9.78% | 41.24% | 0.20x | 1.19x | NT$-49.12 Million |
| 2017 | 11.79% | 61.38% | 0.16x | 1.18x | NT$452.08 Million |
| 2018 | 10.09% | 48.58% | 0.17x | 1.24x | NT$21.28 Million |
| 2019 | 10.25% | 33.45% | 0.18x | 1.72x | NT$66.98 Million |
| 2020 | 9.74% | 32.47% | 0.17x | 1.76x | NT$-81.46 Million |
| 2021 | 10.35% | 36.11% | 0.16x | 1.81x | NT$137.18 Million |
| 2022 | 10.37% | 31.41% | 0.18x | 1.87x | NT$139.60 Million |
| 2023 | 9.12% | 30.58% | 0.16x | 1.85x | NT$-402.32 Million |
| 2024 | 8.00% | 32.37% | 0.14x | 1.76x | NT$-1.05 Billion |
Industry Comparison
This section compares Lien Hwa Industrial Corp's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $11,569,919,667
- Average return on equity (ROE) among peers: 0.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lien Hwa Industrial Corp (1229) | NT$79.46 Billion | 6.00% | 0.24x | $1.38 Billion |
| Chung Fu Tex-International Corp (1435) | $617.53 Million | 2.20% | 0.97x | $30.53 Million |
| Tatung Co (2371) | $61.87 Billion | 0.59% | 2.46x | $1.19 Billion |
| Radium Life Tech Co Ltd (2547) | $12.58 Billion | 26.77% | 3.04x | $177.75 Million |
| Eastern Media International Corp (2614) | $11.72 Billion | -16.75% | 0.69x | $161.55 Million |
| Kayee International Group Co Ltd (2939) | $730.07 Million | -18.49% | 0.36x | $27.25 Million |
| Billion Electric Co Ltd (3027) | $1.38 Billion | 10.08% | 0.29x | $51.48 Million |
| Eurocharm Holdings Co Ltd (5288) | $2.50 Billion | 19.39% | 0.30x | $126.01 Million |
| 6969 (6969) | $328.02 Million | -24.04% | 2.58x | $16.96 Million |
| Digital China Holdings Limited (910861) | $12.40 Billion | 1.78% | 1.06x | $56.64 Million |