China Electric Manufacturing Corp (1611) - Net Assets

Latest as of September 2025: NT$4.25 Billion TWD ≈ $133.94 Million USD

Based on the latest financial reports, China Electric Manufacturing Corp (1611) has net assets worth NT$4.25 Billion TWD (≈ $133.94 Million 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$5.21 Billion ≈ $164.22 Million USD) and total liabilities (NT$960.99 Million ≈ $30.28 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 1611 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$4.25 Billion
% of Total Assets 81.56%
Annual Growth Rate -0.04%
5-Year Change 7.43%
10-Year Change -13.26%
Growth Volatility 10.08

China Electric Manufacturing Corp - Net Assets Trend (2002–2024)

This chart illustrates how China Electric Manufacturing Corp's net assets have evolved over time, based on quarterly financial data. Also explore China Electric Manufacturing Corp balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for China Electric Manufacturing Corp (2002–2024)

The table below shows the annual net assets of China Electric Manufacturing Corp from 2002 to 2024. For live valuation and market cap data, see market value of China Electric Manufacturing Corp.

Year Net Assets Change
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 128.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$563.41 Million 12.46%
Common Stock NT$3.23 Billion 71.39%
Other Comprehensive Income NT$724.62 Million 16.03%
Other Components NT$5.42 Million 0.12%
Total Equity NT$4.52 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
Kutahya Seker Fabrikasi AS
IS:KTSKR
 $121.06 Million
Value Valves Co Ltd
TWO:4580
 $121.06 Million
Koleksiyon Mobilya Sanayi AS
IS:KLSYN
 $121.07 Million
CAPRAL LTD.
F:CBZ
 $121.10 Million
Coast Entertainment Holdings Ltd
AU:CEH
 $120.97 Million
Byrna Technologies Inc
NASDAQ:BYRN
 $120.91 Million
Maywood Acquisition Corp. Class A Ordinary Shares
NASDAQ:MAYA
 $120.88 Million
vTv Therapeutics Inc
NASDAQ:VTVT
 $120.82 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 2023 to 2024, total equity changed from 4,328,641,000 to 4,520,809,000, a change of 192,168,000 (4.4%).
  • Net income of 160,567,000 contributed positively to equity growth.
  • Dividend payments of 161,367,000 reduced retained earnings.
  • Other comprehensive income increased equity by 702,922,000.
  • Other factors decreased equity by 509,954,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$160.57 Million +3.55%
Dividends Paid NT$161.37 Million -3.57%
Other Comprehensive Income NT$702.92 Million +15.55%
Other Changes NT$-509.95 Million -11.28%
Total Change NT$- 4.44%

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: 0.85x
  • 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 0.66x to 0.85x 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$11.90 x
2007-12-31 NT$18.24 NT$11.90 x
2008-12-31 NT$17.38 NT$11.90 x
2009-12-31 NT$17.87 NT$11.90 x
2010-12-31 NT$17.07 NT$11.90 x
2011-12-31 NT$17.78 NT$11.90 x
2012-12-31 NT$18.34 NT$11.90 x
2013-12-31 NT$17.30 NT$11.90 x
2014-12-31 NT$16.46 NT$11.90 x
2015-12-31 NT$16.12 NT$11.90 x
2016-12-31 NT$13.09 NT$11.90 x
2017-12-31 NT$15.21 NT$11.90 x
2018-12-31 NT$12.58 NT$11.90 x
2019-12-31 NT$13.67 NT$11.90 x
2020-12-31 NT$12.26 NT$11.90 x
2021-12-31 NT$13.63 NT$11.90 x
2022-12-31 NT$13.03 NT$11.90 x
2023-12-31 NT$13.41 NT$11.90 x
2024-12-31 NT$14.00 NT$11.90 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): 3.55%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.83%
  • • Asset Turnover: 0.21x
  • • Equity Multiplier: 1.22x
  • Recent ROE (3.55%) is below the historical average (3.67%), 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

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: $4,304,235,333
  • Average return on equity (ROE) among peers: 12.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Electric Manufacturing Corp (1611) NT$4.25 Billion 1.75% 0.23x $121.00 Million
Zeng Hsing Industrial Co Ltd (1558) $1.94 Billion 30.16% 0.49x $185.63 Million
Sampo Corp (1604) $7.71 Billion 48.31% 0.80x $260.73 Million
Taiwan Sanyo Electric Co Ltd (1614) $5.42 Billion 8.06% 0.29x $261.05 Million
Airmate Cayman International Co Ltd (1626) $3.21 Billion 14.72% 1.74x $51.69 Million
Hocheng Corp (1810) $6.94 Billion 0.21% 0.49x $175.94 Million
King Slide Works Co Ltd (2059) $8.66 Billion 18.15% 0.15x $15.97 Billion
Fortune Oriental Co Ltd (2491) $1.26 Billion 2.95% 0.15x $54.52 Million
Ado Optronics (3516) $1.27 Billion -4.30% 0.30x $38.47 Million
Mosa Industrial Corp (4564) $2.31 Billion -5.56% 0.81x $132.01 Million

About China Electric Manufacturing Corp

TW:1611 Taiwan Furnishings, Fixtures & Appliances
Market Cap
$121.00 Million
NT$3.84 Billion TWD
Market Cap Rank
#18477 Global
#1004 in Taiwan
Share Price
NT$11.90
Change (1 day)
+0.00%
52-Week Range
NT$11.80 - NT$14.70
All Time High
NT$21.45
Categories
Companies in Taiwan Furnishings, Fixtures & Appliances
About

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