China Electric Manufacturing Corp (1611) - Net Assets
Based on the latest financial reports, China Electric Manufacturing Corp (1611) has net assets worth NT$3.94 Billion TWD (≈ $123.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.22 Billion ≈ $164.37 Million USD) and total liabilities (NT$1.28 Billion ≈ $40.39 Million 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 China Electric Manufacturing Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.94 Billion |
| % of Total Assets | 75.43% |
| Annual Growth Rate | -0.36% |
| 5-Year Change | -4.56% |
| 10-Year Change | -0.75% |
| Growth Volatility | 9.98 |
China Electric Manufacturing Corp - Net Assets Trend (2002–2025)
This chart illustrates how China Electric Manufacturing Corp's net assets have evolved over time, based on quarterly financial data. See how many days can China Electric Manufacturing Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Electric Manufacturing Corp (2002–2025)
The table below shows the annual net assets of China Electric Manufacturing Corp from 2002 to 2025. For live valuation and market cap data, see market value of China Electric Manufacturing Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$4.20 Billion ≈ $132.43 Million |
-7.02% |
| 2024-12-31 | NT$4.52 Billion ≈ $142.43 Million |
+4.44% |
| 2023-12-31 | NT$4.33 Billion ≈ $136.38 Million |
+2.89% |
| 2022-12-31 | NT$4.21 Billion ≈ $132.55 Million |
-4.47% |
| 2021-12-31 | NT$4.40 Billion ≈ $138.75 Million |
+4.66% |
| 2020-12-31 | NT$4.21 Billion ≈ $132.58 Million |
-13.57% |
| 2019-12-31 | NT$4.87 Billion ≈ $153.40 Million |
+7.65% |
| 2018-12-31 | NT$4.52 Billion ≈ $142.50 Million |
-9.88% |
| 2017-12-31 | NT$5.02 Billion ≈ $158.12 Million |
+18.50% |
| 2016-12-31 | NT$4.24 Billion ≈ $133.43 Million |
-18.74% |
| 2015-12-31 | NT$5.21 Billion ≈ $164.19 Million |
-2.11% |
| 2014-12-31 | NT$5.32 Billion ≈ $167.73 Million |
-4.87% |
| 2013-12-31 | NT$5.60 Billion ≈ $176.32 Million |
-5.94% |
| 2012-12-31 | NT$5.95 Billion ≈ $187.45 Million |
-6.85% |
| 2011-12-31 | NT$6.39 Billion ≈ $201.25 Million |
+6.01% |
| 2010-12-31 | NT$6.03 Billion ≈ $189.83 Million |
+7.90% |
| 2009-12-31 | NT$5.58 Billion ≈ $175.94 Million |
-10.15% |
| 2008-12-31 | NT$6.22 Billion ≈ $195.81 Million |
-4.51% |
| 2007-12-31 | NT$6.51 Billion ≈ $205.05 Million |
+1.16% |
| 2006-12-31 | NT$6.43 Billion ≈ $202.71 Million |
+25.24% |
| 2005-12-31 | NT$5.14 Billion ≈ $161.86 Million |
+10.25% |
| 2004-12-31 | NT$4.66 Billion ≈ $146.81 Million |
-4.21% |
| 2003-12-31 | NT$4.86 Billion ≈ $153.26 Million |
+6.57% |
| 2002-12-31 | NT$4.56 Billion ≈ $143.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to China Electric Manufacturing 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 21.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$298.37 Million | 7.10% |
| Common Stock | NT$3.23 Billion | 76.78% |
| Other Comprehensive Income | NT$669.24 Million | 15.92% |
| Other Components | NT$8.42 Million | 0.20% |
| Total Equity | NT$4.20 Billion | 100.00% |
China Electric Manufacturing Corp Competitors by Market Cap
The table below lists competitors of China Electric Manufacturing Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ifishdeco PT
JK:IFSH
|
$130.16 Million |
|
InflaRx N.V
F:IF0
|
$130.16 Million |
|
Baozun Inc
F:2BZA
|
$130.21 Million |
|
Bank Mnc Internasional Tbk
JK:BABP
|
$130.26 Million |
|
Evertop Wire Cable Corp
TW:1616
|
$130.15 Million |
|
Kt Skylife
KO:053210
|
$130.13 Million |
|
Revival Gold Inc
V:RVG
|
$130.11 Million |
|
Guerbet S. A.
PA:GBT
|
$130.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Electric Manufacturing Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,520,809,000 to 4,203,395,000, a change of -317,414,000 (-7.0%).
- Net income of 9,207,000 contributed positively to equity growth.
- Dividend payments of 258,188,000 reduced retained earnings.
- Other comprehensive income decreased equity by 55,375,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$9.21 Million | +0.22% |
| Dividends Paid | NT$258.19 Million | -6.14% |
| Other Comprehensive Income | NT$-55.38 Million | -1.32% |
| Other Changes | NT$-13.06 Million | -0.31% |
| Total Change | NT$- | -7.02% |
Book Value vs Market Value Analysis
This analysis compares China Electric Manufacturing 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: 0.93x
- 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 increased from 0.71x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$18.05 | NT$12.80 | x |
| 2007-12-31 | NT$18.24 | NT$12.80 | x |
| 2008-12-31 | NT$17.38 | NT$12.80 | x |
| 2009-12-31 | NT$17.87 | NT$12.80 | x |
| 2010-12-31 | NT$17.07 | NT$12.80 | x |
| 2011-12-31 | NT$17.78 | NT$12.80 | x |
| 2012-12-31 | NT$18.34 | NT$12.80 | x |
| 2013-12-31 | NT$17.30 | NT$12.80 | x |
| 2014-12-31 | NT$16.46 | NT$12.80 | x |
| 2015-12-31 | NT$16.12 | NT$12.80 | x |
| 2016-12-31 | NT$13.09 | NT$12.80 | x |
| 2017-12-31 | NT$15.21 | NT$12.80 | x |
| 2018-12-31 | NT$12.58 | NT$12.80 | x |
| 2019-12-31 | NT$13.67 | NT$12.80 | x |
| 2020-12-31 | NT$12.26 | NT$12.80 | x |
| 2021-12-31 | NT$13.63 | NT$12.80 | x |
| 2022-12-31 | NT$13.03 | NT$12.80 | x |
| 2023-12-31 | NT$13.41 | NT$12.80 | x |
| 2024-12-31 | NT$14.00 | NT$12.80 | x |
| 2025-12-31 | NT$13.70 | NT$12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Electric Manufacturing Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.23x
- Recent ROE (0.22%) is below the historical average (3.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.75% | 2.81% | 0.48x | 1.29x | NT$-376.74 Million |
| 2003 | 11.59% | 20.23% | 0.46x | 1.25x | NT$77.30 Million |
| 2004 | 3.73% | 5.54% | 0.54x | 1.25x | NT$-292.12 Million |
| 2005 | 6.00% | 9.18% | 0.52x | 1.27x | NT$-203.37 Million |
| 2006 | 11.55% | 20.43% | 0.42x | 1.35x | NT$86.40 Million |
| 2007 | 8.18% | 8.62% | 0.69x | 1.38x | NT$-102.75 Million |
| 2008 | 4.47% | 4.95% | 0.65x | 1.38x | NT$-296.87 Million |
| 2009 | 6.66% | 8.72% | 0.62x | 1.24x | NT$-184.69 Million |
| 2010 | 8.57% | 8.05% | 0.73x | 1.47x | NT$-85.76 Million |
| 2011 | 8.40% | 7.22% | 0.83x | 1.40x | NT$-101.11 Million |
| 2012 | 1.70% | 1.42% | 0.71x | 1.68x | NT$-492.33 Million |
| 2013 | -9.66% | -16.84% | 0.32x | 1.81x | NT$-1.10 Billion |
| 2014 | -5.18% | -9.63% | 0.33x | 1.61x | NT$-806.47 Million |
| 2015 | 0.25% | 0.49% | 0.36x | 1.43x | NT$-506.86 Million |
| 2016 | -20.31% | -32.05% | 0.40x | 1.58x | NT$-1.28 Billion |
| 2017 | 12.50% | 22.85% | 0.38x | 1.46x | NT$123.72 Million |
| 2018 | 1.50% | 2.88% | 0.43x | 1.22x | NT$-384.59 Million |
| 2019 | 15.67% | 32.40% | 0.37x | 1.29x | NT$275.85 Million |
| 2020 | 1.87% | 3.79% | 0.35x | 1.42x | NT$-342.20 Million |
| 2021 | 6.34% | 15.69% | 0.31x | 1.29x | NT$-161.34 Million |
| 2022 | 1.84% | 4.92% | 0.29x | 1.28x | NT$-343.40 Million |
| 2023 | 3.46% | 10.98% | 0.25x | 1.26x | NT$-283.30 Million |
| 2024 | 3.55% | 13.83% | 0.21x | 1.22x | NT$-291.51 Million |
| 2025 | 0.22% | 0.86% | 0.21x | 1.23x | NT$-411.13 Million |
Industry Comparison
This section compares China Electric Manufacturing Corp's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $4,479,453,667
- Average return on equity (ROE) among peers: 10.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Electric Manufacturing Corp (1611) | NT$3.94 Billion | 1.75% | 0.33x | $130.15 Million |
| Zeng Hsing Industrial Co Ltd (1558) | $4.08 Billion | 20.34% | 0.34x | $182.99 Million |
| Sampo Corp (1604) | $7.61 Billion | 6.78% | 0.82x | $271.43 Million |
| Taiwan Sanyo Electric Co Ltd (1614) | $5.47 Billion | 4.29% | 0.27x | $256.15 Million |
| Airmate Cayman International Co Ltd (1626) | $3.01 Billion | 8.37% | 1.96x | $46.35 Million |
| Hocheng Corp (1810) | $5.71 Billion | 5.19% | 1.02x | $184.50 Million |
| King Slide Works Co Ltd (2059) | $8.07 Billion | 23.83% | 0.15x | $20.99 Billion |
| Fortune Oriental Co Ltd (2491) | $631.68 Million | 35.06% | 2.74x | $100.89 Million |
| Ado Optronics (3516) | $1.43 Billion | 1.03% | 0.67x | $51.79 Million |
| Mosa Industrial Corp (4564) | $4.31 Billion | -8.60% | 0.76x | $112.95 Million |
About China Electric Manufacturing Corp
China Electric Mfg. Corporation, together with its subsidiaries, manufactures and sells electrical appliances, lighting products, and related accessories under the East Asia brand in Taiwan and internationally. The company offers fluorescent lamps, light bulbs, halogen and high-voltage discharge lamps, automotive and motorcycle bulbs, office and residential lighting, commercial and outdoor lighti… Read more