China General Plastics Corp
China General Plastics Corporation, together with its subsidiaries, engages in the manufacture and marketing of petrochemical products in Asia, America, the Middle East, Europe, Africa, and Oceania. It operates through Vinyl Chloride Monomer (VCM) Products and Polyvinyl Chloride (PVC) Products segments. The company offers PVC resins for use in various applications, including injection and blowing… Read more
China General Plastics Corp (1305) - Net Assets
Latest net assets as of December 2025: NT$8.24 Billion TWD
Based on the latest financial reports, China General Plastics Corp (1305) has net assets worth NT$8.24 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$17.43 Billion) and total liabilities (NT$9.19 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$8.24 Billion |
| % of Total Assets | 47.27% |
| Annual Growth Rate | 1.67% |
| 5-Year Change | -30.39% |
| 10-Year Change | 6.22% |
| Growth Volatility | 10.6 |
China General Plastics Corp - Net Assets Trend (2000–2025)
This chart illustrates how China General Plastics 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 China General Plastics Corp (2000–2025)
The table below shows the annual net assets of China General Plastics Corp from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.24 Billion | -11.57% |
| 2024-12-31 | NT$9.32 Billion | -8.91% |
| 2023-12-31 | NT$10.23 Billion | +1.85% |
| 2022-12-31 | NT$10.04 Billion | -15.16% |
| 2021-12-31 | NT$11.84 Billion | +14.86% |
| 2020-12-31 | NT$10.30 Billion | +18.26% |
| 2019-12-31 | NT$8.71 Billion | -1.12% |
| 2018-12-31 | NT$8.81 Billion | +7.44% |
| 2017-12-31 | NT$8.20 Billion | +5.74% |
| 2016-12-31 | NT$7.76 Billion | +14.31% |
| 2015-12-31 | NT$6.79 Billion | +11.63% |
| 2014-12-31 | NT$6.08 Billion | -3.71% |
| 2013-12-31 | NT$6.31 Billion | +8.85% |
| 2012-12-31 | NT$5.80 Billion | +17.77% |
| 2011-12-31 | NT$4.92 Billion | -1.03% |
| 2010-12-31 | NT$4.98 Billion | -1.45% |
| 2009-12-31 | NT$5.05 Billion | +10.02% |
| 2008-12-31 | NT$4.59 Billion | -7.62% |
| 2007-12-31 | NT$4.97 Billion | -5.34% |
| 2006-12-31 | NT$5.25 Billion | +0.20% |
| 2005-12-31 | NT$5.24 Billion | +7.28% |
| 2004-12-31 | NT$4.88 Billion | +19.66% |
| 2003-12-31 | NT$4.08 Billion | +1.70% |
| 2002-12-31 | NT$4.01 Billion | -7.98% |
| 2001-12-31 | NT$4.36 Billion | -19.97% |
| 2000-12-31 | NT$5.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China General Plastics 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 31674600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$316.75 Million | 4.10% |
| Common Stock | NT$5.81 Billion | 75.21% |
| Other Comprehensive Income | NT$1.58 Billion | 20.45% |
| Other Components | NT$18.64 Million | 0.24% |
| Total Equity | NT$7.73 Billion | 100.00% |
China General Plastics Corp Competitors by Market Cap
The table below lists competitors of China General Plastics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eczacibasi Yatirim Holding Ortakligi AS
IS:ECZYT
|
$160.94 Million |
|
CWB Automotive Electronics Co Ltd
SHG:605005
|
$160.96 Million |
|
Compugen
NASDAQ:CGEN
|
$160.97 Million |
|
Wenzhou Yuanfei Pet Toy Products Co. Ltd. A
SHE:001222
|
$160.97 Million |
|
China MeiDong Auto Holdings Limited
PINK:CMEIF
|
$160.87 Million |
|
51Talk Online Education Group
NYSE MKT:COE
|
$160.78 Million |
|
MPHB Capital Bhd
KLSE:5237
|
$160.75 Million |
|
AFC Ajax NV
AS:AJAX
|
$160.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China General Plastics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,739,582,000 to 7,725,931,000, a change of -1,013,651,000 (-11.6%).
- Net loss of 982,229,000 reduced equity.
- Dividend payments of 86,494,000 reduced retained earnings.
- Other comprehensive income decreased equity by 15,614,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-982.23 Million | -12.71% |
| Dividends Paid | NT$86.49 Million | -1.12% |
| Other Comprehensive Income | NT$-15.61 Million | -0.2% |
| Other Changes | NT$70.69 Million | +0.91% |
| Total Change | NT$- | -11.60% |
Book Value vs Market Value Analysis
This analysis compares China General Plastics 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: 1.06x
- 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 1.71x to 1.06x 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$8.24 | NT$14.05 | x |
| 2007-12-31 | NT$8.33 | NT$14.05 | x |
| 2008-12-31 | NT$7.78 | NT$14.05 | x |
| 2009-12-31 | NT$8.49 | NT$14.05 | x |
| 2010-12-31 | NT$8.36 | NT$14.05 | x |
| 2011-12-31 | NT$8.31 | NT$14.05 | x |
| 2012-12-31 | NT$9.62 | NT$14.05 | x |
| 2013-12-31 | NT$10.40 | NT$14.05 | x |
| 2014-12-31 | NT$10.00 | NT$14.05 | x |
| 2015-12-31 | NT$11.13 | NT$14.05 | x |
| 2016-12-31 | NT$12.67 | NT$14.05 | x |
| 2017-12-31 | NT$13.42 | NT$14.05 | x |
| 2018-12-31 | NT$14.39 | NT$14.05 | x |
| 2019-12-31 | NT$14.19 | NT$14.05 | x |
| 2020-12-31 | NT$15.88 | NT$14.05 | x |
| 2021-12-31 | NT$19.18 | NT$14.05 | x |
| 2022-12-31 | NT$16.26 | NT$14.05 | x |
| 2023-12-31 | NT$16.49 | NT$14.05 | x |
| 2024-12-31 | NT$15.04 | NT$14.05 | x |
| 2025-12-31 | NT$13.28 | NT$14.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China General Plastics Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.65%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.26x
- Recent ROE (-12.71%) is below the historical average (6.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.12% | 0.05% | 0.89x | 2.72x | NT$-402.96 Million |
| 2004 | 17.38% | 6.87% | 0.94x | 2.68x | NT$360.17 Million |
| 2006 | 1.33% | 0.53% | 0.98x | 2.55x | NT$-413.66 Million |
| 2007 | 0.97% | 0.33% | 1.17x | 2.48x | NT$-435.51 Million |
| 2008 | -7.33% | -2.65% | 1.23x | 2.25x | NT$-780.69 Million |
| 2009 | 10.41% | 4.52% | 1.05x | 2.19x | NT$20.16 Million |
| 2010 | 0.09% | 0.03% | 1.22x | 2.19x | NT$-481.29 Million |
| 2011 | -1.91% | -0.74% | 1.12x | 2.30x | NT$-574.99 Million |
| 2012 | 14.26% | 5.63% | 1.28x | 1.98x | NT$238.14 Million |
| 2013 | 12.45% | 5.31% | 1.23x | 1.90x | NT$148.06 Million |
| 2014 | 2.05% | 0.82% | 1.28x | 1.96x | NT$-462.42 Million |
| 2015 | 11.85% | 5.55% | 1.12x | 1.91x | NT$119.97 Million |
| 2016 | 19.57% | 10.19% | 1.06x | 1.80x | NT$705.58 Million |
| 2017 | 16.27% | 8.64% | 1.16x | 1.62x | NT$489.17 Million |
| 2018 | 15.24% | 8.40% | 1.15x | 1.58x | NT$438.69 Million |
| 2019 | 7.79% | 4.25% | 1.23x | 1.49x | NT$-182.40 Million |
| 2020 | 16.84% | 11.90% | 0.99x | 1.43x | NT$663.83 Million |
| 2021 | 22.11% | 12.21% | 1.19x | 1.52x | NT$1.35 Billion |
| 2022 | -3.92% | -2.10% | 1.06x | 1.77x | NT$-1.31 Billion |
| 2023 | 3.57% | 2.49% | 0.77x | 1.85x | NT$-616.23 Million |
| 2024 | -8.12% | -6.40% | 0.61x | 2.07x | NT$-1.58 Billion |
| 2025 | -12.71% | -10.65% | 0.53x | 2.26x | NT$-1.75 Billion |
Industry Comparison
This section compares China General Plastics Corp's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $49,375,335,333
- Average return on equity (ROE) among peers: 12.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China General Plastics Corp (1305) | NT$8.24 Billion | 0.12% | 1.12x | $160.91 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |