China Glaze Co Ltd
China Glaze Co.,Ltd. manufactures and sells ceramic glaze materials. The company offers frits, glazes, glass pigments, fine ceramics, crystallized glass, photoelectric fluorescent powders, and textile inks.It also provides building construction materials, such as crystallized glass; ceramic tiles; nano materials; and phosphor powder for photoelectric use and digital textile ink. The company was f… Read more
China Glaze Co Ltd (1809) - Net Assets
Latest net assets as of September 2025: NT$3.28 Billion TWD
Based on the latest financial reports, China Glaze Co Ltd (1809) has net assets worth NT$3.28 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$4.45 Billion) and total liabilities (NT$1.17 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$3.28 Billion |
| % of Total Assets | 73.78% |
| Annual Growth Rate | 2.49% |
| 5-Year Change | -2.67% |
| 10-Year Change | -24.0% |
| Growth Volatility | 13.44 |
China Glaze Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how China Glaze 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 China Glaze Co Ltd (2002–2024)
The table below shows the annual net assets of China Glaze Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.38 Billion | +1.35% |
| 2023-12-31 | NT$3.33 Billion | -2.57% |
| 2022-12-31 | NT$3.42 Billion | +1.22% |
| 2021-12-31 | NT$3.38 Billion | -2.62% |
| 2020-12-31 | NT$3.47 Billion | -4.36% |
| 2019-12-31 | NT$3.63 Billion | -4.59% |
| 2018-12-31 | NT$3.80 Billion | -3.09% |
| 2017-12-31 | NT$3.92 Billion | -2.85% |
| 2016-12-31 | NT$4.04 Billion | -9.11% |
| 2015-12-31 | NT$4.44 Billion | -2.38% |
| 2014-12-31 | NT$4.55 Billion | +4.99% |
| 2013-12-31 | NT$4.34 Billion | +5.59% |
| 2012-12-31 | NT$4.11 Billion | -2.15% |
| 2011-12-31 | NT$4.20 Billion | +4.21% |
| 2010-12-31 | NT$4.03 Billion | +9.36% |
| 2009-12-31 | NT$3.68 Billion | +4.82% |
| 2008-12-31 | NT$3.51 Billion | +4.99% |
| 2007-12-31 | NT$3.35 Billion | +9.68% |
| 2006-12-31 | NT$3.05 Billion | +5.49% |
| 2005-12-31 | NT$2.89 Billion | +43.57% |
| 2004-12-31 | NT$2.01 Billion | -24.09% |
| 2003-12-31 | NT$2.65 Billion | +35.11% |
| 2002-12-31 | NT$1.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Glaze 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 429.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$665.02 Million | 22.50% |
| Common Stock | NT$1.67 Billion | 56.50% |
| Other Components | NT$620.85 Million | 21.00% |
| Total Equity | NT$2.96 Billion | 100.00% |
China Glaze Co Ltd Competitors by Market Cap
The table below lists competitors of China Glaze Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eightco Holdings Inc.
NASDAQ:ORBS
|
$96.44 Million |
|
Holcim Argentina SA
BA:HARG
|
$96.45 Million |
|
Baader Bank Aktiengesellschaft
F:BWB
|
$96.48 Million |
|
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.)
NYSE:LION
|
$96.49 Million |
|
Jiangsu Junxia Gym Equipment Co. Ltd. A
SHE:301287
|
$96.42 Million |
|
Dadelo S.A.
WAR:DAD
|
$96.40 Million |
|
Grupo Industrial Saltillo S.A.B. de C.V
MX:GISSAA
|
$96.39 Million |
|
Zinus Inc
KO:013890
|
$96.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Glaze Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,880,119,000 to 2,956,291,000, a change of 76,172,000 (2.6%).
- Net income of 54,818,000 contributed positively to equity growth.
- Dividend payments of 33,408,000 reduced retained earnings.
- Other factors increased equity by 54,762,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$54.82 Million | +1.85% |
| Dividends Paid | NT$33.41 Million | -1.13% |
| Other Changes | NT$54.76 Million | +1.85% |
| Total Change | NT$- | 2.64% |
Book Value vs Market Value Analysis
This analysis compares China Glaze 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: 1.52x
- 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 2.10x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$12.80 | NT$26.90 | x |
| 2005-12-31 | NT$13.55 | NT$26.90 | x |
| 2006-12-31 | NT$13.97 | NT$26.90 | x |
| 2007-12-31 | NT$14.71 | NT$26.90 | x |
| 2008-12-31 | NT$15.53 | NT$26.90 | x |
| 2009-12-31 | NT$17.08 | NT$26.90 | x |
| 2010-12-31 | NT$19.68 | NT$26.90 | x |
| 2011-12-31 | NT$19.47 | NT$26.90 | x |
| 2012-12-31 | NT$19.27 | NT$26.90 | x |
| 2013-12-31 | NT$20.38 | NT$26.90 | x |
| 2014-12-31 | NT$21.51 | NT$26.90 | x |
| 2015-12-31 | NT$18.78 | NT$26.90 | x |
| 2016-12-31 | NT$18.16 | NT$26.90 | x |
| 2017-12-31 | NT$18.95 | NT$26.90 | x |
| 2018-12-31 | NT$18.69 | NT$26.90 | x |
| 2019-12-31 | NT$18.00 | NT$26.90 | x |
| 2020-12-31 | NT$17.37 | NT$26.90 | x |
| 2021-12-31 | NT$17.27 | NT$26.90 | x |
| 2022-12-31 | NT$17.63 | NT$26.90 | x |
| 2023-12-31 | NT$17.24 | NT$26.90 | x |
| 2024-12-31 | NT$17.68 | NT$26.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Glaze Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.27%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.53x
- Recent ROE (1.85%) is below the historical average (2.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.97% | 1.77% | 0.53x | 2.09x | NT$-162.96 Million |
| 2004 | 0.46% | 0.49% | 0.58x | 1.61x | NT$-191.71 Million |
| 2005 | 3.87% | 2.51% | 0.73x | 2.11x | NT$-130.45 Million |
| 2006 | 4.05% | 2.30% | 0.80x | 2.19x | NT$-130.50 Million |
| 2007 | 3.69% | 1.92% | 0.86x | 2.24x | NT$-145.70 Million |
| 2008 | 4.62% | 2.89% | 0.72x | 2.21x | NT$-131.25 Million |
| 2009 | 8.93% | 6.42% | 0.64x | 2.19x | NT$-28.18 Million |
| 2010 | 6.61% | 5.30% | 0.65x | 1.92x | NT$-102.85 Million |
| 2011 | 7.43% | 6.15% | 0.65x | 1.86x | NT$-83.76 Million |
| 2012 | 3.87% | 3.24% | 0.66x | 1.82x | NT$-197.45 Million |
| 2013 | 4.18% | 4.07% | 0.59x | 1.74x | NT$-198.32 Million |
| 2014 | 4.57% | 4.60% | 0.60x | 1.66x | NT$-195.54 Million |
| 2015 | 2.05% | 2.59% | 0.49x | 1.61x | NT$-284.36 Million |
| 2016 | 3.43% | 4.45% | 0.49x | 1.56x | NT$-217.05 Million |
| 2017 | -0.49% | -0.64% | 0.48x | 1.61x | NT$-331.94 Million |
| 2018 | 0.00% | 0.00% | 0.51x | 1.54x | NT$-312.11 Million |
| 2019 | -1.36% | -1.79% | 0.50x | 1.52x | NT$-341.43 Million |
| 2020 | -2.09% | -3.26% | 0.43x | 1.48x | NT$-350.89 Million |
| 2021 | 1.46% | 1.91% | 0.50x | 1.52x | NT$-246.61 Million |
| 2022 | 2.13% | 2.42% | 0.55x | 1.60x | NT$-232.34 Million |
| 2023 | -0.58% | -0.71% | 0.51x | 1.60x | NT$-304.66 Million |
| 2024 | 1.85% | 2.27% | 0.53x | 1.53x | NT$-240.81 Million |
Industry Comparison
This section compares China Glaze Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,970,921,375
- Average return on equity (ROE) among peers: 8.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Glaze Co Ltd (1809) | NT$3.28 Billion | 1.97% | 0.36x | $96.43 Million |
| Champion Building Materials Co Ltd (1806) | $5.93 Billion | -7.17% | 0.67x | $47.43 Million |
| Sunspring Metal Corp (2062) | $3.01 Billion | 19.66% | 0.75x | $66.69 Million |
| Buima Group (5543) | $695.36 Million | -9.06% | 0.56x | $13.79 Million |
| M.J. International Co Ltd (8466) | $2.62 Billion | 21.72% | 0.43x | $21.66 Million |
| CKM Building Material (8930) | $1.46 Billion | 13.38% | 0.40x | $43.99 Million |
| Kuo Toong International Co Ltd (8936) | $822.59 Million | 13.36% | 0.82x | $367.26 Million |
| Taiwan Fu Hsing Industrial Co Ltd (9924) | $2.14 Billion | 7.43% | 0.40x | $162.62 Million |
| Globe Union Industrial Corp (9934) | $7.08 Billion | 11.32% | 1.35x | $99.14 Million |