Fulin Plastic Industry Cayman Holding Co Ltd
Fulin Plastic Industry (Cayman) Holding Co., Ltd. produces and sells of artificial leather and rubber fabric in Vietnam. The company offers latex leathers, tapes, soft leather, PU, and non-woven fabric. It is involved in the international trading business. The company was founded in 1997 and is based in Hai Phong, Vietnam.
Fulin Plastic Industry Cayman Holding Co Ltd (1341) - Net Assets
Latest net assets as of September 2025: NT$1.18 Billion TWD
Based on the latest financial reports, Fulin Plastic Industry Cayman Holding Co Ltd (1341) has net assets worth NT$1.18 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$2.02 Billion) and total liabilities (NT$840.70 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 | NT$1.18 Billion |
| % of Total Assets | 58.36% |
| Annual Growth Rate | 5.36% |
| 5-Year Change | 18.97% |
| 10-Year Change | N/A |
| Growth Volatility | 38.35 |
Fulin Plastic Industry Cayman Holding Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Fulin Plastic Industry Cayman Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fulin Plastic Industry Cayman Holding Co Ltd (2015–2024)
The table below shows the annual net assets of Fulin Plastic Industry Cayman Holding Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.45 Billion | +11.05% |
| 2023-12-31 | NT$1.30 Billion | +7.89% |
| 2022-12-31 | NT$1.21 Billion | -5.07% |
| 2021-12-31 | NT$1.27 Billion | +4.61% |
| 2020-12-31 | NT$1.22 Billion | -0.56% |
| 2019-12-31 | NT$1.22 Billion | +9.47% |
| 2018-12-31 | NT$1.12 Billion | +111.98% |
| 2017-12-31 | NT$527.25 Million | -35.84% |
| 2016-12-31 | NT$821.70 Million | -9.17% |
| 2015-12-31 | NT$904.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fulin Plastic Industry Cayman Holding Co Ltd'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 41570100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$415.70 Million | 28.72% |
| Common Stock | NT$528.51 Million | 36.51% |
| Other Comprehensive Income | NT$194.52 Million | 13.44% |
| Other Components | NT$308.74 Million | 21.33% |
| Total Equity | NT$1.45 Billion | 100.00% |
Fulin Plastic Industry Cayman Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Fulin Plastic Industry Cayman Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
African Rainbow Minerals Ltd
JSE:ARI
|
$17.61 Million |
|
Chilwa Minerals Ltd
AU:CHW
|
$17.61 Million |
|
ACELRX PHARMACEUT. DL-01
F:R5XA
|
$17.61 Million |
|
Sunshine Oilsands Ltd
PINK:SUNYF
|
$17.61 Million |
|
N R Agarwal Industries Limited
NSE:NRAIL
|
$17.60 Million |
|
SG Choongbang Co Ltd
KO:001380
|
$17.60 Million |
|
Bluglass Ltd
AU:BLG
|
$17.59 Million |
|
Yoo Sung Ent
KO:002920
|
$17.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fulin Plastic Industry Cayman Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,303,458,000 to 1,447,471,000, a change of 144,013,000 (11.0%).
- Net income of 282,514,000 contributed positively to equity growth.
- Dividend payments of 232,555,000 reduced retained earnings.
- Other comprehensive income increased equity by 80,976,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$282.51 Million | +19.52% |
| Dividends Paid | NT$232.56 Million | -16.07% |
| Other Comprehensive Income | NT$80.98 Million | +5.59% |
| Other Changes | NT$13.08 Million | +0.9% |
| Total Change | NT$- | 11.05% |
Book Value vs Market Value Analysis
This analysis compares Fulin Plastic Industry Cayman Holding Co Ltd'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: 2.13x
- 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 2.28x to 2.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | NT$25.50 | NT$58.10 | x |
| 2016-12-31 | NT$23.28 | NT$58.10 | x |
| 2017-12-31 | NT$14.21 | NT$58.10 | x |
| 2018-12-31 | NT$27.28 | NT$58.10 | x |
| 2019-12-31 | NT$24.73 | NT$58.10 | x |
| 2020-12-31 | NT$24.56 | NT$58.10 | x |
| 2021-12-31 | NT$25.11 | NT$58.10 | x |
| 2022-12-31 | NT$22.93 | NT$58.10 | x |
| 2023-12-31 | NT$24.62 | NT$58.10 | x |
| 2024-12-31 | NT$27.30 | NT$58.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fulin Plastic Industry Cayman Holding Co Ltd 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): 19.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.13%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.74x
- Recent ROE (19.52%) is below the historical average (30.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 57.72% | 16.02% | 2.15x | 1.68x | NT$431.65 Million |
| 2016 | 55.67% | 15.46% | 2.01x | 1.80x | NT$375.28 Million |
| 2017 | 48.43% | 9.24% | 1.89x | 2.78x | NT$202.64 Million |
| 2018 | 13.50% | 5.20% | 1.27x | 2.05x | NT$39.08 Million |
| 2019 | 22.98% | 9.31% | 1.41x | 1.75x | NT$158.82 Million |
| 2020 | 25.55% | 11.67% | 1.26x | 1.74x | NT$189.22 Million |
| 2021 | 23.39% | 10.76% | 1.17x | 1.86x | NT$170.40 Million |
| 2022 | 24.85% | 9.86% | 1.24x | 2.03x | NT$179.38 Million |
| 2023 | 17.66% | 9.15% | 1.20x | 1.61x | NT$99.84 Million |
| 2024 | 19.52% | 10.13% | 1.11x | 1.74x | NT$137.77 Million |
Industry Comparison
This section compares Fulin Plastic Industry Cayman Holding Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $11,078,309,333
- Average return on equity (ROE) among peers: 4.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | NT$1.18 Billion | 57.72% | 0.71x | $17.61 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |