Chung Hwa Chemical Industrial Works Ltd
Chung Hwa Chemical Industrial Works, Ltd. engages in the manufacture and sale of chemical products in Taiwan and internationally. The company provides basic chemicals, including acids, alkalis, and phosphates for use in water treatment, detergent, papermaking, textiles, PCB, etc.; and specialty chemicals, such as reactive UV absorbers, polymer additives, sulfonated monomers, catalysts, thermal pa… Read more
Chung Hwa Chemical Industrial Works Ltd (1727) - Net Assets
Latest net assets as of June 2025: NT$2.01 Billion TWD
Based on the latest financial reports, Chung Hwa Chemical Industrial Works Ltd (1727) has net assets worth NT$2.01 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.11 Billion) and total liabilities (NT$1.10 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$2.01 Billion |
| % of Total Assets | 64.62% |
| Annual Growth Rate | 5.16% |
| 5-Year Change | 63.32% |
| 10-Year Change | 45.36% |
| Growth Volatility | 6.21 |
Chung Hwa Chemical Industrial Works Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Chung Hwa Chemical Industrial Works 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 Chung Hwa Chemical Industrial Works Ltd (2002–2024)
The table below shows the annual net assets of Chung Hwa Chemical Industrial Works Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.07 Billion | +12.54% |
| 2023-12-31 | NT$1.84 Billion | +16.59% |
| 2022-12-31 | NT$1.58 Billion | +6.81% |
| 2021-12-31 | NT$1.48 Billion | +16.54% |
| 2020-12-31 | NT$1.27 Billion | -13.62% |
| 2019-12-31 | NT$1.47 Billion | -2.89% |
| 2018-12-31 | NT$1.51 Billion | +1.84% |
| 2017-12-31 | NT$1.49 Billion | +1.81% |
| 2016-12-31 | NT$1.46 Billion | +2.34% |
| 2015-12-31 | NT$1.43 Billion | +2.82% |
| 2014-12-31 | NT$1.39 Billion | +4.84% |
| 2013-12-31 | NT$1.32 Billion | +5.57% |
| 2012-12-31 | NT$1.25 Billion | +6.05% |
| 2011-12-31 | NT$1.18 Billion | +7.53% |
| 2010-12-31 | NT$1.10 Billion | +9.86% |
| 2009-12-31 | NT$999.76 Million | +3.69% |
| 2008-12-31 | NT$964.19 Million | +11.59% |
| 2007-12-31 | NT$864.05 Million | +5.23% |
| 2006-12-31 | NT$821.09 Million | +4.14% |
| 2005-12-31 | NT$788.47 Million | +4.62% |
| 2004-12-31 | NT$753.62 Million | +6.33% |
| 2003-12-31 | NT$708.78 Million | +3.57% |
| 2002-12-31 | NT$684.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chung Hwa Chemical Industrial Works 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 106.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$231.35 Million | 11.17% |
| Other Components | NT$1.84 Billion | 88.83% |
| Total Equity | NT$2.07 Billion | 100.00% |
Chung Hwa Chemical Industrial Works Ltd Competitors by Market Cap
The table below lists competitors of Chung Hwa Chemical Industrial Works Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Magellan Aerospace Corporation
PINK:MALJF
|
$105.89 Million |
|
Trimegah Securities Tbk
JK:TRIM
|
$105.92 Million |
|
Medallion Metals Ltd
AU:MM8
|
$105.92 Million |
|
Power Wind Health Industry Incorporated
TW:8462
|
$105.94 Million |
|
Tavia Acquisition Corp. Ordinary Shares
NASDAQ:TAVI
|
$105.87 Million |
|
CS Disco LLC
NYSE:LAW
|
$105.85 Million |
|
Pioneer Bancorp Inc
NASDAQ:PBFS
|
$105.82 Million |
|
TrueBlue Inc
NYSE:TBI
|
$105.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chung Hwa Chemical Industrial Works Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,841,009,000 to 2,071,874,000, a change of 230,865,000 (12.5%).
- Net income of 63,129,000 contributed positively to equity growth.
- Dividend payments of 35,539,000 reduced retained earnings.
- Other factors increased equity by 203,275,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$63.13 Million | +3.05% |
| Dividends Paid | NT$35.54 Million | -1.72% |
| Other Changes | NT$203.28 Million | +9.81% |
| Total Change | NT$- | 12.54% |
Book Value vs Market Value Analysis
This analysis compares Chung Hwa Chemical Industrial Works 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: 3.33x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.25x to 3.33x 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$8.89 | NT$55.50 | x |
| 2010-12-31 | NT$9.81 | NT$55.50 | x |
| 2011-12-31 | NT$10.64 | NT$55.50 | x |
| 2012-12-31 | NT$12.09 | NT$55.50 | x |
| 2013-12-31 | NT$12.54 | NT$55.50 | x |
| 2014-12-31 | NT$13.09 | NT$55.50 | x |
| 2015-12-31 | NT$12.81 | NT$55.50 | x |
| 2016-12-31 | NT$13.10 | NT$55.50 | x |
| 2017-12-31 | NT$13.32 | NT$55.50 | x |
| 2018-12-31 | NT$13.56 | NT$55.50 | x |
| 2019-12-31 | NT$13.19 | NT$55.50 | x |
| 2020-12-31 | NT$11.59 | NT$55.50 | x |
| 2021-12-31 | NT$13.61 | NT$55.50 | x |
| 2022-12-31 | NT$13.85 | NT$55.50 | x |
| 2023-12-31 | NT$16.26 | NT$55.50 | x |
| 2024-12-31 | NT$16.65 | NT$55.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chung Hwa Chemical Industrial Works Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.03%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.47x
- Recent ROE (3.05%) is below the historical average (6.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.04% | 4.45% | 0.82x | 1.38x | NT$-35.12 Million |
| 2004 | 8.01% | 5.98% | 0.97x | 1.38x | NT$-14.98 Million |
| 2006 | 4.65% | 3.36% | 0.99x | 1.40x | NT$-43.60 Million |
| 2007 | 4.11% | 2.85% | 0.91x | 1.58x | NT$-49.58 Million |
| 2008 | 11.43% | 5.03% | 1.41x | 1.61x | NT$13.49 Million |
| 2009 | 5.86% | 4.59% | 0.94x | 1.36x | NT$-40.53 Million |
| 2010 | 11.81% | 7.10% | 0.98x | 1.70x | NT$19.62 Million |
| 2011 | 10.55% | 5.97% | 1.02x | 1.73x | NT$6.40 Million |
| 2012 | 9.05% | 5.14% | 1.11x | 1.58x | NT$-11.79 Million |
| 2013 | 8.29% | 5.25% | 1.08x | 1.46x | NT$-22.55 Million |
| 2014 | 8.02% | 4.96% | 1.01x | 1.61x | NT$-27.19 Million |
| 2015 | 6.99% | 4.49% | 0.99x | 1.57x | NT$-42.63 Million |
| 2016 | 6.74% | 4.65% | 0.87x | 1.66x | NT$-47.13 Million |
| 2017 | 6.29% | 3.77% | 0.94x | 1.78x | NT$-54.50 Million |
| 2018 | 6.60% | 3.73% | 1.02x | 1.74x | NT$-50.82 Million |
| 2019 | 2.29% | 1.44% | 0.92x | 1.73x | NT$-112.26 Million |
| 2020 | 1.31% | 0.94% | 0.77x | 1.81x | NT$-110.50 Million |
| 2021 | 9.11% | 6.67% | 0.78x | 1.76x | NT$-13.15 Million |
| 2022 | 2.99% | 2.03% | 0.81x | 1.82x | NT$-109.82 Million |
| 2023 | 2.38% | 2.54% | 0.61x | 1.55x | NT$-140.37 Million |
| 2024 | 3.05% | 3.03% | 0.69x | 1.47x | NT$-144.06 Million |
Industry Comparison
This section compares Chung Hwa Chemical Industrial Works Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $52,132,628,889
- Average return on equity (ROE) among peers: 7.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chung Hwa Chemical Industrial Works Ltd (1727) | NT$2.01 Billion | 5.04% | 0.55x | $105.88 Million |
| Taiwan Styrene Monomer Corp (1310) | $6.66 Billion | 16.30% | 0.70x | $136.89 Million |
| Grand Pacific Petrochemical Corp (1312) | $16.25 Billion | 10.72% | 0.47x | $358.21 Million |
| UPC Technology Corp (1313) | $29.90 Billion | 7.18% | 0.80x | $263.35 Million |
| Formosa Chemicals & Fibre Corp (1326) | $379.64 Billion | 11.55% | 0.43x | $4.35 Billion |
| Sesoda Corp (1708) | $3.05 Billion | 13.81% | 0.46x | $227.10 Million |
| Formosan Union Chemical Corp (1709) | $3.40 Billion | 0.00% | 0.29x | $154.81 Million |
| Oriental Union Chemical Corp (1710) | $17.82 Billion | -0.67% | 1.14x | $286.20 Million |
| Ho Tung Chemical Corp (1714) | $11.87 Billion | 10.01% | 1.26x | $202.24 Million |
| Sunko Ink Co Ltd (1721) | $595.83 Million | 0.00% | 0.86x | $64.82 Million |