Shinkong Synthetic Fiber Corp
Shinkong Synthetic Fibers Corporation researches for, manufactures, and sells polyester chips and polyester films in Asia. The company's products primarily include partially oriented yarns, polyester filament yarns, fully drawn yarns, polyester staple fibers, polyester draw textured yarns, industrial yarns, polyester pellets, PET bottle grade resins, PET bottles, PET bottle preforms, engineering … Read more
Shinkong Synthetic Fiber Corp (1409) - Net Assets
Latest net assets as of September 2025: NT$51.03 Billion TWD
Based on the latest financial reports, Shinkong Synthetic Fiber Corp (1409) has net assets worth NT$51.03 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$219.10 Billion) and total liabilities (NT$168.08 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$51.03 Billion |
| % of Total Assets | 23.29% |
| Annual Growth Rate | 6.44% |
| 5-Year Change | 17.7% |
| 10-Year Change | 51.68% |
| Growth Volatility | 9.34 |
Shinkong Synthetic Fiber Corp - Net Assets Trend (2000–2024)
This chart illustrates how Shinkong Synthetic Fiber 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 Shinkong Synthetic Fiber Corp (2000–2024)
The table below shows the annual net assets of Shinkong Synthetic Fiber Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$49.63 Billion | +5.94% |
| 2023-12-31 | NT$46.85 Billion | +1.67% |
| 2022-12-31 | NT$46.08 Billion | -0.52% |
| 2021-12-31 | NT$46.32 Billion | +9.85% |
| 2020-12-31 | NT$42.17 Billion | +10.45% |
| 2019-12-31 | NT$38.18 Billion | +3.28% |
| 2018-12-31 | NT$36.97 Billion | +4.51% |
| 2017-12-31 | NT$35.37 Billion | +5.00% |
| 2016-12-31 | NT$33.68 Billion | +2.96% |
| 2015-12-31 | NT$32.72 Billion | -5.08% |
| 2014-12-31 | NT$34.47 Billion | +0.67% |
| 2013-12-31 | NT$34.24 Billion | +15.10% |
| 2012-12-31 | NT$29.75 Billion | +2.21% |
| 2011-12-31 | NT$29.10 Billion | -0.67% |
| 2010-12-31 | NT$29.30 Billion | +24.98% |
| 2009-12-31 | NT$23.45 Billion | +19.38% |
| 2008-12-31 | NT$19.64 Billion | -14.46% |
| 2007-12-31 | NT$22.96 Billion | +29.52% |
| 2006-12-31 | NT$17.73 Billion | +16.04% |
| 2005-12-31 | NT$15.28 Billion | +8.71% |
| 2004-12-31 | NT$14.05 Billion | +9.77% |
| 2003-12-31 | NT$12.80 Billion | +11.29% |
| 2002-12-31 | NT$11.50 Billion | +3.52% |
| 2001-12-31 | NT$11.11 Billion | +0.02% |
| 2000-12-31 | NT$11.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinkong Synthetic Fiber 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 990843300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$9.91 Billion | 26.02% |
| Common Stock | NT$16.18 Billion | 42.50% |
| Other Components | NT$11.99 Billion | 31.49% |
| Total Equity | NT$38.08 Billion | 100.00% |
Shinkong Synthetic Fiber Corp Competitors by Market Cap
The table below lists competitors of Shinkong Synthetic Fiber Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COHTF
PINK:COHTF
|
$534.23 Million |
|
Jinxi Axle Co Ltd
SHG:600495
|
$534.28 Million |
|
Yunding Technology Co Ltd
SHE:000409
|
$534.35 Million |
|
Lotte Energy Materials Corporation
KO:020150
|
$534.40 Million |
|
Hefei Chipmore Technology Co. Ltd. A
SHG:688352
|
$534.02 Million |
|
SMHGF
PINK:SMHGF
|
$533.97 Million |
|
Xuchang Yuandong Drive Shaft Co Ltd
SHE:002406
|
$533.86 Million |
|
Aucma Co Ltd
SHG:600336
|
$533.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinkong Synthetic Fiber Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,351,083,000 to 38,084,140,000, a change of 1,733,057,000 (4.8%).
- Net income of 1,705,920,000 contributed positively to equity growth.
- Dividend payments of 890,125,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,602,430,000.
- Other factors increased equity by 10,519,692,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.71 Billion | +4.48% |
| Dividends Paid | NT$890.12 Million | -2.34% |
| Other Comprehensive Income | NT$-9.60 Billion | -25.21% |
| Other Changes | NT$10.52 Billion | +27.62% |
| Total Change | NT$- | 4.77% |
Book Value vs Market Value Analysis
This analysis compares Shinkong Synthetic Fiber 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: 0.69x
- 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 1.32x to 0.69x 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$12.46 | NT$16.45 | x |
| 2007-12-31 | NT$12.19 | NT$16.45 | x |
| 2008-12-31 | NT$9.60 | NT$16.45 | x |
| 2009-12-31 | NT$10.72 | NT$16.45 | x |
| 2010-12-31 | NT$14.03 | NT$16.45 | x |
| 2011-12-31 | NT$12.72 | NT$16.45 | x |
| 2012-12-31 | NT$13.18 | NT$16.45 | x |
| 2013-12-31 | NT$14.73 | NT$16.45 | x |
| 2014-12-31 | NT$15.38 | NT$16.45 | x |
| 2015-12-31 | NT$14.98 | NT$16.45 | x |
| 2016-12-31 | NT$15.87 | NT$16.45 | x |
| 2017-12-31 | NT$16.95 | NT$16.45 | x |
| 2018-12-31 | NT$17.79 | NT$16.45 | x |
| 2019-12-31 | NT$18.46 | NT$16.45 | x |
| 2020-12-31 | NT$19.58 | NT$16.45 | x |
| 2021-12-31 | NT$22.33 | NT$16.45 | x |
| 2022-12-31 | NT$21.96 | NT$16.45 | x |
| 2023-12-31 | NT$22.52 | NT$16.45 | x |
| 2024-12-31 | NT$23.77 | NT$16.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinkong Synthetic Fiber Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.80%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 5.63x
- Recent ROE (4.48%) is above the historical average (4.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.84% | 3.56% | 0.59x | 2.30x | NT$-589.09 Million |
| 2003 | 2.06% | 1.41% | 0.68x | 2.17x | NT$-1.02 Billion |
| 2004 | 3.65% | 2.46% | 0.77x | 1.92x | NT$-892.14 Million |
| 2005 | 0.51% | 0.33% | 0.72x | 2.18x | NT$-1.43 Billion |
| 2006 | 0.87% | 0.56% | 0.69x | 2.25x | NT$-1.60 Billion |
| 2007 | 3.51% | 1.98% | 0.39x | 4.49x | NT$-1.18 Billion |
| 2008 | -0.45% | -0.21% | 0.42x | 5.20x | NT$-1.55 Billion |
| 2009 | 3.41% | 2.17% | 0.35x | 4.44x | NT$-1.21 Billion |
| 2010 | 8.13% | 5.07% | 0.40x | 4.04x | NT$-433.45 Million |
| 2011 | 5.55% | 3.06% | 0.40x | 4.50x | NT$-1.01 Billion |
| 2012 | 4.18% | 2.42% | 0.37x | 4.69x | NT$-1.34 Billion |
| 2013 | 4.44% | 2.76% | 0.34x | 4.77x | NT$-1.44 Billion |
| 2014 | 5.28% | 3.40% | 0.31x | 5.03x | NT$-1.22 Billion |
| 2015 | 3.05% | 2.06% | 0.28x | 5.27x | NT$-1.71 Billion |
| 2016 | 2.92% | 2.23% | 0.26x | 5.11x | NT$-1.81 Billion |
| 2017 | 3.52% | 2.69% | 0.25x | 5.28x | NT$-1.77 Billion |
| 2018 | 8.55% | 5.91% | 0.29x | 5.00x | NT$-417.18 Million |
| 2019 | 6.01% | 4.82% | 0.24x | 5.27x | NT$-1.19 Billion |
| 2020 | 5.05% | 4.97% | 0.18x | 5.50x | NT$-1.57 Billion |
| 2021 | 10.77% | 8.91% | 0.22x | 5.43x | NT$279.56 Million |
| 2022 | 7.96% | 6.33% | 0.25x | 5.12x | NT$-724.43 Million |
| 2023 | 2.10% | 1.96% | 0.20x | 5.37x | NT$-2.87 Billion |
| 2024 | 4.48% | 3.80% | 0.21x | 5.63x | NT$-2.10 Billion |
Industry Comparison
This section compares Shinkong Synthetic Fiber Corp's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $32,889,725,556
- Average return on equity (ROE) among peers: 1.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinkong Synthetic Fiber Corp (1409) | NT$51.03 Billion | 4.84% | 3.29x | $534.22 Million |
| San Fang Chemical Industry Co Ltd (1307) | $8.38 Billion | 10.75% | 0.72x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.22 Billion | 22.98% | 0.75x | $17.94 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $153.95 Million |
| Far Eastern New Century Corp (1402) | $271.67 Billion | 4.91% | 1.42x | $3.01 Billion |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.37 Billion | 7.09% | 0.22x | $41.30 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.85 Billion | 0.00% | 1.03x | $18.36 Million |
| Tung Ho Textile Co Ltd (1414) | $3.12 Billion | 1.88% | 0.42x | $47.32 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $303.99 Million | -59.56% | 4.83x | $10.26 Million |
| Shinkong Textile Co Ltd (1419) | $7.32 Billion | 1.42% | 0.57x | $311.78 Million |