Shinkong Textile Co Ltd
Shinkong Textile Co., Ltd. engages in the production and sale of various synthetic fibers, fabrics, and finished fabrics in Taiwan and internationally. The company operates through Sales Department, Retail Department, and Real Estate Department segments. It offers athleisure, business active, urban lifestyle, sports, outdoor, medical, and work wears. It is also involved in development and rental … Read more
Shinkong Textile Co Ltd (1419) - Net Assets
Latest net assets as of September 2025: NT$17.31 Billion TWD
Based on the latest financial reports, Shinkong Textile Co Ltd (1419) has net assets worth NT$17.31 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$24.76 Billion) and total liabilities (NT$7.46 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$17.31 Billion |
| % of Total Assets | 69.88% |
| Annual Growth Rate | 7.53% |
| 5-Year Change | 70.58% |
| 10-Year Change | 113.53% |
| Growth Volatility | 12.05 |
Shinkong Textile Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shinkong Textile 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 Shinkong Textile Co Ltd (2003–2024)
The table below shows the annual net assets of Shinkong Textile Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$15.50 Billion | +17.91% |
| 2023-12-31 | NT$13.15 Billion | +11.96% |
| 2022-12-31 | NT$11.74 Billion | +17.30% |
| 2021-12-31 | NT$10.01 Billion | +10.17% |
| 2020-12-31 | NT$9.09 Billion | +3.98% |
| 2019-12-31 | NT$8.74 Billion | +3.85% |
| 2018-12-31 | NT$8.42 Billion | -9.01% |
| 2017-12-31 | NT$9.25 Billion | +17.61% |
| 2016-12-31 | NT$7.86 Billion | +8.32% |
| 2015-12-31 | NT$7.26 Billion | -0.81% |
| 2014-12-31 | NT$7.32 Billion | +0.37% |
| 2013-12-31 | NT$7.29 Billion | +27.18% |
| 2012-12-31 | NT$5.73 Billion | +8.92% |
| 2011-12-31 | NT$5.26 Billion | -20.45% |
| 2010-12-31 | NT$6.62 Billion | +21.67% |
| 2009-12-31 | NT$5.44 Billion | +28.32% |
| 2008-12-31 | NT$4.24 Billion | -13.18% |
| 2007-12-31 | NT$4.88 Billion | +3.21% |
| 2006-12-31 | NT$4.73 Billion | +11.80% |
| 2005-12-31 | NT$4.23 Billion | +12.72% |
| 2004-12-31 | NT$3.75 Billion | +11.20% |
| 2003-12-31 | NT$3.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinkong Textile 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 574.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.30 Billion | 21.30% |
| Common Stock | NT$3.00 Billion | 19.36% |
| Other Comprehensive Income | NT$9.20 Billion | 59.36% |
| Total Equity | NT$15.50 Billion | 100.00% |
Shinkong Textile Co Ltd Competitors by Market Cap
The table below lists competitors of Shinkong Textile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luoyang Jalon Micro-Nano New Materials Co Ltd
SHG:688357
|
$306.92 Million |
|
Cedar Woods Properties Ltd
AU:CWP
|
$306.94 Million |
|
Garware Hi-Tech Films Limited
NSE:GRWRHITECH
|
$306.95 Million |
|
Alpargatas S.A
SA:ALPA3
|
$307.02 Million |
|
Hartalega Holdings Bhd
KLSE:5168
|
$306.86 Million |
|
NOTE AB
ST:NOTE
|
$306.82 Million |
|
kneat.com inc.
OTCQX:KSIOF
|
$306.73 Million |
|
Shanghai Kinlita Chemical Co
SHE:300225
|
$306.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinkong Textile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,147,061,000 to 15,501,650,000, a change of 2,354,589,000 (17.9%).
- Net income of 869,014,000 contributed positively to equity growth.
- Dividend payments of 359,085,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,675,158,000.
- Other factors decreased equity by 1,830,498,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$869.01 Million | +5.61% |
| Dividends Paid | NT$359.08 Million | -2.32% |
| Other Comprehensive Income | NT$3.68 Billion | +23.71% |
| Other Changes | NT$-1.83 Billion | -11.81% |
| Total Change | NT$- | 17.91% |
Book Value vs Market Value Analysis
This analysis compares Shinkong Textile 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: 1.21x
- 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 3.80x to 1.21x 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$16.43 | NT$62.40 | x |
| 2007-12-31 | NT$16.31 | NT$62.40 | x |
| 2008-12-31 | NT$14.53 | NT$62.40 | x |
| 2009-12-31 | NT$18.17 | NT$62.40 | x |
| 2010-12-31 | NT$22.11 | NT$62.40 | x |
| 2011-12-31 | NT$17.58 | NT$62.40 | x |
| 2012-12-31 | NT$19.16 | NT$62.40 | x |
| 2013-12-31 | NT$24.36 | NT$62.40 | x |
| 2014-12-31 | NT$24.46 | NT$62.40 | x |
| 2015-12-31 | NT$24.04 | NT$62.40 | x |
| 2016-12-31 | NT$26.08 | NT$62.40 | x |
| 2017-12-31 | NT$30.72 | NT$62.40 | x |
| 2018-12-31 | NT$27.97 | NT$62.40 | x |
| 2019-12-31 | NT$29.07 | NT$62.40 | x |
| 2020-12-31 | NT$30.35 | NT$62.40 | x |
| 2021-12-31 | NT$33.43 | NT$62.40 | x |
| 2022-12-31 | NT$39.17 | NT$62.40 | x |
| 2023-12-31 | NT$43.96 | NT$62.40 | x |
| 2024-12-31 | NT$51.72 | NT$62.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinkong Textile Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.62%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.39x
- Recent ROE (5.61%) is above the historical average (4.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 3.30% | 19.81% | 0.08x | 2.14x | NT$-225.99 Million |
| 2004 | 2.59% | 12.74% | 0.10x | 1.94x | NT$-278.08 Million |
| 2005 | 4.13% | 13.59% | 0.20x | 1.52x | NT$-248.41 Million |
| 2006 | 1.79% | 12.04% | 0.10x | 1.51x | NT$-388.12 Million |
| 2007 | 1.04% | 7.68% | 0.10x | 1.42x | NT$-437.18 Million |
| 2008 | 0.18% | 1.13% | 0.10x | 1.64x | NT$-416.02 Million |
| 2009 | 1.89% | 13.18% | 0.09x | 1.55x | NT$-441.30 Million |
| 2010 | 3.47% | 25.87% | 0.09x | 1.46x | NT$-431.83 Million |
| 2011 | 4.71% | 23.40% | 0.12x | 1.62x | NT$-278.65 Million |
| 2012 | 3.07% | 18.77% | 0.10x | 1.57x | NT$-397.55 Million |
| 2013 | 2.25% | 16.35% | 0.09x | 1.47x | NT$-564.80 Million |
| 2014 | 1.42% | 8.87% | 0.10x | 1.57x | NT$-627.65 Million |
| 2015 | 1.61% | 10.40% | 0.10x | 1.58x | NT$-603.93 Million |
| 2016 | 2.01% | 11.74% | 0.11x | 1.58x | NT$-623.51 Million |
| 2017 | 13.50% | 83.48% | 0.11x | 1.50x | NT$321.99 Million |
| 2018 | 3.37% | 17.59% | 0.13x | 1.46x | NT$-554.68 Million |
| 2019 | 4.45% | 18.59% | 0.16x | 1.48x | NT$-483.01 Million |
| 2020 | 4.02% | 16.98% | 0.16x | 1.49x | NT$-543.71 Million |
| 2021 | 4.50% | 16.40% | 0.17x | 1.61x | NT$-550.22 Million |
| 2022 | 17.64% | 61.83% | 0.20x | 1.42x | NT$896.69 Million |
| 2023 | 4.94% | 19.18% | 0.18x | 1.41x | NT$-665.76 Million |
| 2024 | 5.61% | 20.62% | 0.20x | 1.39x | NT$-681.15 Million |
Industry Comparison
This section compares Shinkong Textile Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,467,281,333
- Average return on equity (ROE) among peers: 5.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinkong Textile Co Ltd (1419) | NT$17.31 Billion | 3.30% | 0.43x | $306.86 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 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 |