China Steel Chemical Corp (1723) - Net Assets
Based on the latest financial reports, China Steel Chemical Corp (1723) has net assets worth NT$8.05 Billion TWD (≈ $253.62 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$11.52 Billion ≈ $362.89 Million USD) and total liabilities (NT$3.47 Billion ≈ $109.27 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 1723 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.05 Billion |
| % of Total Assets | 69.89% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | 2.63% |
| 10-Year Change | 14.46% |
| Growth Volatility | 7.68 |
China Steel Chemical Corp - Net Assets Trend (2000–2025)
This chart illustrates how China Steel Chemical Corp's net assets have evolved over time, based on quarterly financial data. See China Steel Chemical Corp (1723) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Steel Chemical Corp (2000–2025)
The table below shows the annual net assets of China Steel Chemical Corp from 2000 to 2025. For live valuation and market cap data, see 1723 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$7.82 Billion ≈ $246.32 Million |
-4.85% |
| 2024-12-31 | NT$8.22 Billion ≈ $258.87 Million |
+0.03% |
| 2023-12-31 | NT$8.21 Billion ≈ $258.80 Million |
+1.72% |
| 2022-12-31 | NT$8.08 Billion ≈ $254.42 Million |
+6.01% |
| 2021-12-31 | NT$7.62 Billion ≈ $240.01 Million |
+11.86% |
| 2020-12-31 | NT$6.81 Billion ≈ $214.57 Million |
-7.45% |
| 2019-12-31 | NT$7.36 Billion ≈ $231.84 Million |
+0.04% |
| 2018-12-31 | NT$7.36 Billion ≈ $231.74 Million |
+7.02% |
| 2017-12-31 | NT$6.87 Billion ≈ $216.54 Million |
+0.62% |
| 2016-12-31 | NT$6.83 Billion ≈ $215.20 Million |
+6.07% |
| 2015-12-31 | NT$6.44 Billion ≈ $202.89 Million |
-15.22% |
| 2014-12-31 | NT$7.60 Billion ≈ $239.32 Million |
+6.28% |
| 2013-12-31 | NT$7.15 Billion ≈ $225.18 Million |
+9.50% |
| 2012-12-31 | NT$6.53 Billion ≈ $205.65 Million |
+2.03% |
| 2011-12-31 | NT$6.40 Billion ≈ $201.55 Million |
+10.71% |
| 2010-12-31 | NT$5.78 Billion ≈ $182.05 Million |
+12.17% |
| 2009-12-31 | NT$5.15 Billion ≈ $162.31 Million |
+11.66% |
| 2008-12-31 | NT$4.61 Billion ≈ $145.35 Million |
-2.06% |
| 2007-12-31 | NT$4.71 Billion ≈ $148.41 Million |
+14.28% |
| 2006-12-31 | NT$4.12 Billion ≈ $129.87 Million |
+13.66% |
| 2005-12-31 | NT$3.63 Billion ≈ $114.26 Million |
+6.17% |
| 2004-12-31 | NT$3.42 Billion ≈ $107.62 Million |
+13.76% |
| 2003-12-31 | NT$3.00 Billion ≈ $94.60 Million |
+16.22% |
| 2002-12-31 | NT$2.58 Billion ≈ $81.40 Million |
+1.85% |
| 2001-12-31 | NT$2.54 Billion ≈ $79.92 Million |
+15.21% |
| 2000-12-31 | NT$2.20 Billion ≈ $69.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Steel Chemical 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 110.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.50 Billion | 19.17% |
| Common Stock | NT$2.37 Billion | 30.30% |
| Other Comprehensive Income | NT$3.10 Billion | 39.69% |
| Other Components | NT$847.20 Million | 10.84% |
| Total Equity | NT$7.82 Billion | 100.00% |
China Steel Chemical Corp Competitors by Market Cap
The table below lists competitors of China Steel Chemical Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GuangDong GenSho Logistics Co
SHG:603813
|
$636.35 Million |
|
PPC Ltd
JSE:PPC
|
$636.49 Million |
|
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS
IS:SARKY
|
$636.53 Million |
|
Luoxin Pharmaceuticals Group Stock Co Ltd
SHE:002793
|
$636.59 Million |
|
Carlton Investments Ltd
AU:CIN
|
$636.14 Million |
|
Ningxia Xinri Hengli Steel Wire Rope Co Ltd
SHG:600165
|
$636.06 Million |
|
Southern Cable Group Bhd
KLSE:0225
|
$635.75 Million |
|
TSEC Corp
TW:6443
|
$635.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Steel Chemical Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,216,596,000 to 7,818,279,000, a change of -398,317,000 (-4.8%).
- Net income of 615,824,000 contributed positively to equity growth.
- Dividend payments of 1,044,680,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,103,069,000.
- Other factors decreased equity by 3,072,530,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$615.82 Million | +7.88% |
| Dividends Paid | NT$1.04 Billion | -13.36% |
| Other Comprehensive Income | NT$3.10 Billion | +39.69% |
| Other Changes | NT$-3.07 Billion | -39.3% |
| Total Change | NT$- | -4.85% |
Book Value vs Market Value Analysis
This analysis compares China Steel Chemical 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: 2.59x
- 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 4.81x to 2.59x 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$18.10 | NT$87.00 | x |
| 2007-12-31 | NT$20.48 | NT$87.00 | x |
| 2008-12-31 | NT$19.89 | NT$87.00 | x |
| 2009-12-31 | NT$22.26 | NT$87.00 | x |
| 2010-12-31 | NT$25.00 | NT$87.00 | x |
| 2011-12-31 | NT$27.01 | NT$87.00 | x |
| 2012-12-31 | NT$27.57 | NT$87.00 | x |
| 2013-12-31 | NT$30.23 | NT$87.00 | x |
| 2014-12-31 | NT$32.21 | NT$87.00 | x |
| 2015-12-31 | NT$27.79 | NT$87.00 | x |
| 2016-12-31 | NT$27.98 | NT$87.00 | x |
| 2017-12-31 | NT$28.07 | NT$87.00 | x |
| 2018-12-31 | NT$30.03 | NT$87.00 | x |
| 2019-12-31 | NT$30.04 | NT$87.00 | x |
| 2020-12-31 | NT$28.09 | NT$87.00 | x |
| 2021-12-31 | NT$31.60 | NT$87.00 | x |
| 2022-12-31 | NT$34.32 | NT$87.00 | x |
| 2023-12-31 | NT$35.29 | NT$87.00 | x |
| 2024-12-31 | NT$35.30 | NT$87.00 | x |
| 2025-12-31 | NT$33.64 | NT$87.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Steel Chemical 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): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.59%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.46x
- Recent ROE (7.88%) is below the historical average (23.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 25.78% | 19.65% | 1.03x | 1.28x | NT$347.50 Million |
| 2001 | 20.14% | 20.64% | 0.56x | 1.75x | NT$257.25 Million |
| 2002 | 21.58% | 21.03% | 0.59x | 1.75x | NT$299.09 Million |
| 2003 | 28.22% | 29.33% | 0.49x | 1.95x | NT$547.05 Million |
| 2004 | 32.38% | 28.12% | 0.68x | 1.69x | NT$764.59 Million |
| 2005 | 29.18% | 24.58% | 0.90x | 1.32x | NT$695.03 Million |
| 2006 | 29.53% | 22.46% | 1.13x | 1.17x | NT$804.55 Million |
| 2007 | 30.81% | 20.04% | 1.29x | 1.19x | NT$979.75 Million |
| 2008 | 31.32% | 16.82% | 1.57x | 1.19x | NT$983.19 Million |
| 2009 | 25.19% | 23.87% | 0.92x | 1.15x | NT$782.61 Million |
| 2010 | 33.13% | 22.83% | 1.21x | 1.20x | NT$1.34 Billion |
| 2011 | 35.95% | 24.79% | 1.19x | 1.21x | NT$1.62 Billion |
| 2012 | 30.95% | 23.74% | 1.11x | 1.17x | NT$1.34 Billion |
| 2013 | 31.63% | 25.06% | 1.07x | 1.18x | NT$1.51 Billion |
| 2014 | 29.38% | 24.56% | 1.03x | 1.17x | NT$1.44 Billion |
| 2015 | 19.24% | 21.60% | 0.72x | 1.24x | NT$595.06 Million |
| 2016 | 15.86% | 20.04% | 0.54x | 1.47x | NT$380.89 Million |
| 2017 | 17.78% | 18.58% | 0.56x | 1.72x | NT$507.68 Million |
| 2018 | 21.59% | 17.62% | 0.73x | 1.68x | NT$809.93 Million |
| 2019 | 18.49% | 17.14% | 0.62x | 1.73x | NT$593.61 Million |
| 2020 | 10.97% | 13.37% | 0.46x | 1.78x | NT$63.47 Million |
| 2021 | 14.94% | 13.76% | 0.68x | 1.60x | NT$363.28 Million |
| 2022 | 21.30% | 16.28% | 0.93x | 1.40x | NT$903.36 Million |
| 2023 | 17.48% | 17.26% | 0.73x | 1.39x | NT$614.36 Million |
| 2024 | 14.68% | 15.77% | 0.67x | 1.40x | NT$384.54 Million |
| 2025 | 7.88% | 10.59% | 0.51x | 1.46x | NT$-166.00 Million |
Industry Comparison
This section compares China Steel Chemical Corp's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $39,789,182,900
- Average return on equity (ROE) among peers: 6.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Steel Chemical Corp (1723) | NT$8.05 Billion | 25.78% | 0.43x | $636.32 Million |
| Taiwan Styrene Monomer Corp (1310) | $7.55 Billion | 18.69% | 0.56x | $2.69K |
| Grand Pacific Petrochemical Corp (1312) | $25.62 Billion | 11.55% | 0.17x | $470.67 Million |
| Grand Pacific Petrochemical Corp Pref (1312A) | $36.11 Billion | -1.37% | 0.70x | $12.49 Million |
| UPC Technology Corp (1313) | $29.47 Billion | -8.09% | 0.94x | $486.38 Million |
| Formosa Chemicals & Fibre Corp (1326) | $273.20 Billion | 2.60% | 0.78x | $9.99 Billion |
| Sesoda Corp (1708) | $5.80 Billion | 3.00% | 1.05x | $394.60 Million |
| Formosan Union Chemical Corp (1709) | $6.12 Billion | 13.86% | 0.48x | $319.36 Million |
| Oriental Union Chemical Corp (1710) | $6.39 Billion | 12.05% | 0.37x | $377.17 Million |
| Ho Tung Chemical Corp (1714) | $7.02 Billion | 8.94% | 1.30x | $629.39 Million |
| Sunko Ink Co Ltd (1721) | $618.26 Million | 0.15% | 1.02x | $138.63 Million |
About China Steel Chemical Corp
China Steel Chemical Corporation, together with its subsidiaries, engages in the production, processing, and sale of coal tar distillation, light oil, coke, and refined carbon material products in Taiwan, China, Australia, and internationally. The company offers coal chemicals, including coal and special tar pitches; creosote oils and refined tars; refined naphthalene mothball and chemical grades… Read more