Zeng Hsing Industrial Co Ltd
Zeng Hsing Industrial Co., Ltd., together with its subsidiaries, manufactures and sells household sewing machines and related parts, aluminum alloy extrusions, and vacuum cleaners and related parts in Taiwan, China, the United States, Germany, Russia, Turkey, India, and internationally. The company operates through Sewing Machine and Precision Metal Parts Processing Division. It provides mechanic… Read more
Zeng Hsing Industrial Co Ltd (1558) - Net Assets
Latest net assets as of September 2025: NT$8.39 Billion TWD
Based on the latest financial reports, Zeng Hsing Industrial Co Ltd (1558) has net assets worth NT$8.39 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$13.03 Billion) and total liabilities (NT$4.64 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$8.39 Billion |
| % of Total Assets | 64.41% |
| Annual Growth Rate | 11.8% |
| 5-Year Change | 79.61% |
| 10-Year Change | 107.49% |
| Growth Volatility | 18.32 |
Zeng Hsing Industrial Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Zeng Hsing Industrial 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 Zeng Hsing Industrial Co Ltd (2009–2024)
The table below shows the annual net assets of Zeng Hsing Industrial Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$9.08 Billion | +5.42% |
| 2023-12-31 | NT$8.61 Billion | +4.70% |
| 2022-12-31 | NT$8.23 Billion | +65.30% |
| 2021-12-31 | NT$4.98 Billion | -1.55% |
| 2020-12-31 | NT$5.05 Billion | +5.21% |
| 2019-12-31 | NT$4.80 Billion | -0.89% |
| 2018-12-31 | NT$4.85 Billion | +9.53% |
| 2017-12-31 | NT$4.43 Billion | -3.48% |
| 2016-12-31 | NT$4.58 Billion | +4.79% |
| 2015-12-31 | NT$4.38 Billion | +7.29% |
| 2014-12-31 | NT$4.08 Billion | +8.68% |
| 2013-12-31 | NT$3.75 Billion | +44.21% |
| 2012-12-31 | NT$2.60 Billion | +28.81% |
| 2011-12-31 | NT$2.02 Billion | +3.96% |
| 2010-12-31 | NT$1.94 Billion | +14.00% |
| 2009-12-31 | NT$1.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zeng Hsing Industrial 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 192.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.21 Billion | 39.77% |
| Common Stock | NT$665.36 Million | 11.96% |
| Other Comprehensive Income | NT$897.75 Million | 16.13% |
| Other Components | NT$1.79 Billion | 32.15% |
| Total Equity | NT$5.57 Billion | 100.00% |
Zeng Hsing Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Zeng Hsing Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inmobiliaria del Sur SA
MC:ISUR
|
$159.62 Million |
|
Emro Inc.
KQ:058970
|
$159.67 Million |
|
Computer Programs and Systems Inc
F:PS1
|
$159.71 Million |
|
San Fang Chemical Industry Co Ltd
TW:1307
|
$159.74 Million |
|
Duksan Hi Metal Co.Ltd
KQ:077360
|
$159.57 Million |
|
SENORES PHARMACEUTICALS L
NSE:SENORES
|
$159.44 Million |
|
Flexsteel Industries Inc
NASDAQ:FLXS
|
$159.33 Million |
|
Guangdong Greenway Technology Co Ltd
SHG:688345
|
$159.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zeng Hsing Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,347,899,000 to 5,565,105,000, a change of 217,206,000 (4.1%).
- Net income of 453,188,000 contributed positively to equity growth.
- Dividend payments of 252,836,000 reduced retained earnings.
- Other comprehensive income increased equity by 129,416,000.
- Other factors decreased equity by 112,562,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$453.19 Million | +8.14% |
| Dividends Paid | NT$252.84 Million | -4.54% |
| Other Comprehensive Income | NT$129.42 Million | +2.33% |
| Other Changes | NT$-112.56 Million | -2.02% |
| Total Change | NT$- | 4.06% |
Book Value vs Market Value Analysis
This analysis compares Zeng Hsing Industrial 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: 1.14x
- 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 2.79x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$34.07 | NT$94.90 | x |
| 2010-12-31 | NT$36.26 | NT$94.90 | x |
| 2011-12-31 | NT$38.40 | NT$94.90 | x |
| 2012-12-31 | NT$47.89 | NT$94.90 | x |
| 2013-12-31 | NT$67.40 | NT$94.90 | x |
| 2014-12-31 | NT$65.72 | NT$94.90 | x |
| 2015-12-31 | NT$70.40 | NT$94.90 | x |
| 2016-12-31 | NT$74.09 | NT$94.90 | x |
| 2017-12-31 | NT$71.34 | NT$94.90 | x |
| 2018-12-31 | NT$78.07 | NT$94.90 | x |
| 2019-12-31 | NT$77.49 | NT$94.90 | x |
| 2020-12-31 | NT$81.05 | NT$94.90 | x |
| 2021-12-31 | NT$79.89 | NT$94.90 | x |
| 2022-12-31 | NT$89.98 | NT$94.90 | x |
| 2023-12-31 | NT$80.24 | NT$94.90 | x |
| 2024-12-31 | NT$83.39 | NT$94.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zeng Hsing Industrial 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): 8.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.44%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.36x
- Recent ROE (8.14%) is below the historical average (17.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 28.99% | 15.11% | 1.33x | 1.44x | NT$323.74 Million |
| 2010 | 30.16% | 13.14% | 1.54x | 1.49x | NT$391.72 Million |
| 2011 | 30.20% | 12.78% | 1.41x | 1.67x | NT$406.14 Million |
| 2012 | 22.72% | 11.57% | 1.35x | 1.46x | NT$327.21 Million |
| 2013 | 19.06% | 12.75% | 1.03x | 1.45x | NT$336.64 Million |
| 2014 | 20.52% | 13.28% | 1.14x | 1.36x | NT$425.10 Million |
| 2015 | 19.78% | 14.27% | 1.02x | 1.36x | NT$424.80 Million |
| 2016 | 18.70% | 14.10% | 0.97x | 1.37x | NT$396.15 Million |
| 2017 | 11.98% | 8.77% | 0.89x | 1.54x | NT$86.74 Million |
| 2018 | 19.23% | 13.85% | 0.98x | 1.42x | NT$443.32 Million |
| 2019 | 14.19% | 11.38% | 0.92x | 1.35x | NT$199.62 Million |
| 2020 | 16.72% | 11.96% | 0.87x | 1.60x | NT$334.70 Million |
| 2021 | 10.70% | 6.80% | 0.97x | 1.62x | NT$34.34 Million |
| 2022 | 8.90% | 6.83% | 0.57x | 2.28x | NT$-60.53 Million |
| 2023 | 4.74% | 3.35% | 0.63x | 2.24x | NT$-281.51 Million |
| 2024 | 8.14% | 5.44% | 0.63x | 2.36x | NT$-103.32 Million |
Industry Comparison
This section compares Zeng Hsing Industrial Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,256,188,333
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zeng Hsing Industrial Co Ltd (1558) | NT$8.39 Billion | 28.99% | 0.55x | $159.60 Million |
| Sampo Corp (1604) | $7.48 Billion | 1.91% | 0.73x | $194.91 Million |
| China Electric Manufacturing Corp (1611) | $4.56 Billion | 1.75% | 0.29x | $96.73 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.17 Billion | 4.11% | 0.26x | $126.91 Million |
| Airmate Cayman International Co Ltd (1626) | $2.22 Billion | 22.35% | 2.06x | $26.74 Million |
| Hocheng Corp (1810) | $6.31 Billion | 3.21% | 0.80x | $119.59 Million |
| King Slide Works Co Ltd (2059) | $28.04 Billion | 35.08% | 0.25x | $5.64 Billion |
| Fortune Oriental Co Ltd (2491) | $724.35 Million | 5.40% | 1.92x | $24.92 Million |
| Bedding World Co., Ltd. (2938) | $492.43 Million | 17.07% | 2.01x | $3.06 Million |
| Ado Optronics (3516) | $1.30 Billion | 3.37% | 0.48x | $15.82 Million |