Shinkong Synthetic Fiber Corp (1409) - Net Assets

Latest as of September 2025: NT$51.03 Billion TWD ≈ $1.61 Billion USD

Based on the latest financial reports, Shinkong Synthetic Fiber Corp (1409) has net assets worth NT$51.03 Billion TWD (≈ $1.61 Billion USD) 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 ≈ $6.90 Billion USD) and total liabilities (NT$168.08 Billion ≈ $5.30 Billion USD). 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. Check 1409 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See Shinkong Synthetic Fiber Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see 1409 market cap.

Year	Net Assets	Change
2024-12-31	NT$49.63 Billion ≈ $1.56 Billion	+5.94%
2023-12-31	NT$46.85 Billion ≈ $1.48 Billion	+1.67%
2022-12-31	NT$46.08 Billion ≈ $1.45 Billion	-0.52%
2021-12-31	NT$46.32 Billion ≈ $1.46 Billion	+9.85%
2020-12-31	NT$42.17 Billion ≈ $1.33 Billion	+10.45%
2019-12-31	NT$38.18 Billion ≈ $1.20 Billion	+3.28%
2018-12-31	NT$36.97 Billion ≈ $1.16 Billion	+4.51%
2017-12-31	NT$35.37 Billion ≈ $1.11 Billion	+5.00%
2016-12-31	NT$33.68 Billion ≈ $1.06 Billion	+2.96%
2015-12-31	NT$32.72 Billion ≈ $1.03 Billion	-5.08%
2014-12-31	NT$34.47 Billion ≈ $1.09 Billion	+0.67%
2013-12-31	NT$34.24 Billion ≈ $1.08 Billion	+15.10%
2012-12-31	NT$29.75 Billion ≈ $937.20 Million	+2.21%
2011-12-31	NT$29.10 Billion ≈ $916.95 Million	-0.67%
2010-12-31	NT$29.30 Billion ≈ $923.18 Million	+24.98%
2009-12-31	NT$23.45 Billion ≈ $738.65 Million	+19.38%
2008-12-31	NT$19.64 Billion ≈ $618.75 Million	-14.46%
2007-12-31	NT$22.96 Billion ≈ $723.34 Million	+29.52%
2006-12-31	NT$17.73 Billion ≈ $558.48 Million	+16.04%
2005-12-31	NT$15.28 Billion ≈ $481.28 Million	+8.71%
2004-12-31	NT$14.05 Billion ≈ $442.71 Million	+9.77%
2003-12-31	NT$12.80 Billion ≈ $403.30 Million	+11.29%
2002-12-31	NT$11.50 Billion ≈ $362.37 Million	+3.52%
2001-12-31	NT$11.11 Billion ≈ $350.04 Million	+0.02%
2000-12-31	NT$11.11 Billion ≈ $349.97 Million	--

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
Olaplex Holdings Inc NASDAQ:OLPX	$1.37 Billion
Direcional Engenharia S.A. SA:DIRR3	$1.37 Billion
Rackspace Technology Inc NASDAQ:RXT	$1.37 Billion
Ardelyx Inc NASDAQ:ARDX	$1.37 Billion
Centuria Capital Group AU:CNI	$1.37 Billion
Biohaven Pharmaceutical Holding Co Ltd NYSE:BHVN	$1.37 Billion
Cia Brasileira de Aluminio SA:CBAV3	$1.37 Billion
Enovix Corp NASDAQ:ENVX	$1.37 Billion

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: 1.13x
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 2.16x to 1.13x 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$26.90	x
2007-12-31	NT$12.19	NT$26.90	x
2008-12-31	NT$9.60	NT$26.90	x
2009-12-31	NT$10.72	NT$26.90	x
2010-12-31	NT$14.03	NT$26.90	x
2011-12-31	NT$12.72	NT$26.90	x
2012-12-31	NT$13.18	NT$26.90	x
2013-12-31	NT$14.73	NT$26.90	x
2014-12-31	NT$15.38	NT$26.90	x
2015-12-31	NT$14.98	NT$26.90	x
2016-12-31	NT$15.87	NT$26.90	x
2017-12-31	NT$16.95	NT$26.90	x
2018-12-31	NT$17.79	NT$26.90	x
2019-12-31	NT$18.46	NT$26.90	x
2020-12-31	NT$19.58	NT$26.90	x
2021-12-31	NT$22.33	NT$26.90	x
2022-12-31	NT$21.96	NT$26.90	x
2023-12-31	NT$22.52	NT$26.90	x
2024-12-31	NT$23.77	NT$26.90	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: $37,668,609,889
Average return on equity (ROE) among peers: 5.25%

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	$1.37 Billion
San Fang Chemical Industry Co Ltd (1307)	$7.87 Billion	2.77%	0.95x	$468.75 Million
Universal Inc (1325)	$1.77 Billion	4.24%	0.10x	$69.99 Million
Fulin Plastic Industry Cayman Holding Co Ltd (1341)	$1.29 Billion	15.18%	0.73x	$103.74 Million
Cathay Consolidated Inc (1342)	$2.40 Billion	18.48%	0.49x	$286.29 Million
Far Eastern New Century Corp (1402)	$319.43 Billion	3.14%	1.14x	$4.81 Billion
Nan Yang Dyeing & Finishing Co Ltd (1410)	$941.20 Million	-0.45%	0.48x	$48.05 Million
Hung Chou Fiber Ind Co Ltd (1413)	$841.25 Million	0.43%	1.74x	$39.25 Million
Tung Ho Textile Co Ltd (1414)	$3.17 Billion	1.45%	0.53x	$107.61 Million
Tong-Hwa Synthetic Fiber Co Ltd (1418)	$1.30 Billion	1.98%	3.05x	$31.91 Million

About Shinkong Synthetic Fiber Corp

TW:1409 Taiwan Textile Manufacturing

Market Cap

$1.37 Billion

NT$43.41 Billion TWD

Market Cap Rank

#7784 Global

#254 in Taiwan

Share Price

NT$26.90

Change (1 day)

+5.70%

52-Week Range

NT$11.80 - NT$30.30

All Time High

NT$30.30