Cheng Loong Corp
Cheng Loong Corporation manufactures and sells paper products in Taiwan, Mainland China, and Southeast Asia. The company offers paperboard products, including containerboard, linerboard, coated duplex board, corrugating medium, white top linerboard, and coreboard; and corrugated containers, such as corrugated boards, display and waterproof container, and paper pallets. It provides household paper… Read more
Cheng Loong Corp (1904) - Net Assets
Latest net assets as of September 2025: NT$29.08 Billion TWD
Based on the latest financial reports, Cheng Loong Corp (1904) has net assets worth NT$29.08 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$70.07 Billion) and total liabilities (NT$40.99 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$29.08 Billion |
| % of Total Assets | 41.5% |
| Annual Growth Rate | 3.48% |
| 5-Year Change | 13.75% |
| 10-Year Change | 31.9% |
| Growth Volatility | 5.71 |
Cheng Loong Corp - Net Assets Trend (2000–2024)
This chart illustrates how Cheng Loong Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cheng Loong Corp (2000–2024)
The table below shows the annual net assets of Cheng Loong Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$30.47 Billion | +2.59% |
| 2023-12-31 | NT$29.70 Billion | +1.38% |
| 2022-12-31 | NT$29.30 Billion | +3.16% |
| 2021-12-31 | NT$28.40 Billion | +6.02% |
| 2020-12-31 | NT$26.79 Billion | +4.80% |
| 2019-12-31 | NT$25.56 Billion | +5.75% |
| 2018-12-31 | NT$24.17 Billion | +8.38% |
| 2017-12-31 | NT$22.30 Billion | -1.01% |
| 2016-12-31 | NT$22.53 Billion | -2.48% |
| 2015-12-31 | NT$23.10 Billion | +1.06% |
| 2014-12-31 | NT$22.86 Billion | -1.40% |
| 2013-12-31 | NT$23.18 Billion | +6.11% |
| 2012-12-31 | NT$21.85 Billion | -1.47% |
| 2011-12-31 | NT$22.17 Billion | +6.80% |
| 2010-12-31 | NT$20.76 Billion | +2.01% |
| 2009-12-31 | NT$20.35 Billion | +6.62% |
| 2008-12-31 | NT$19.09 Billion | +0.80% |
| 2007-12-31 | NT$18.94 Billion | +19.37% |
| 2006-12-31 | NT$15.86 Billion | -10.18% |
| 2005-12-31 | NT$17.66 Billion | +9.80% |
| 2004-12-31 | NT$16.09 Billion | +12.66% |
| 2003-12-31 | NT$14.28 Billion | +6.22% |
| 2002-12-31 | NT$13.44 Billion | -0.06% |
| 2001-12-31 | NT$13.45 Billion | +0.40% |
| 2000-12-31 | NT$13.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cheng Loong 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 579.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$12.64 Billion | 42.80% |
| Common Stock | NT$11.08 Billion | 37.53% |
| Other Components | NT$5.81 Billion | 19.67% |
| Total Equity | NT$29.53 Billion | 100.00% |
Cheng Loong Corp Competitors by Market Cap
The table below lists competitors of Cheng Loong Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Planisware SAS
PA:PLNW
|
$350.73 Million |
|
G-Shank Enterprise Co Ltd
TW:2476
|
$350.73 Million |
|
Zhejiang Whwh
SHG:600576
|
$350.83 Million |
|
Hota Industrial Mfg. Co Ltd
TW:1536
|
$350.88 Million |
|
Baotek Industrial Materials Ltd
TWO:5340
|
$350.61 Million |
|
Beijing CTJ Information Technology Co. Ltd.
SHE:301153
|
$350.61 Million |
|
Otokar Otomotiv ve Savunma Sanayi AS
IS:OTKAR
|
$350.58 Million |
|
Hangzhou Anysoft Information Technology Co Ltd
SHE:300571
|
$350.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheng Loong Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,854,264,000 to 29,530,770,000, a change of 676,506,000 (2.3%).
- Net income of 605,106,000 contributed positively to equity growth.
- Dividend payments of 554,137,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,023,421,000.
- Other factors increased equity by 5,648,958,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$605.11 Million | +2.05% |
| Dividends Paid | NT$554.14 Million | -1.88% |
| Other Comprehensive Income | NT$-5.02 Billion | -17.01% |
| Other Changes | NT$5.65 Billion | +19.13% |
| Total Change | NT$- | 2.34% |
Book Value vs Market Value Analysis
This analysis compares Cheng Loong 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: 0.67x
- 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 decreased from 1.22x to 0.67x 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$14.46 | NT$17.70 | x |
| 2005-12-31 | NT$14.18 | NT$17.70 | x |
| 2006-12-31 | NT$14.26 | NT$17.70 | x |
| 2007-12-31 | NT$14.33 | NT$17.70 | x |
| 2008-12-31 | NT$14.39 | NT$17.70 | x |
| 2009-12-31 | NT$15.56 | NT$17.70 | x |
| 2010-12-31 | NT$15.87 | NT$17.70 | x |
| 2011-12-31 | NT$16.61 | NT$17.70 | x |
| 2012-12-31 | NT$16.28 | NT$17.70 | x |
| 2013-12-31 | NT$17.32 | NT$17.70 | x |
| 2014-12-31 | NT$17.39 | NT$17.70 | x |
| 2015-12-31 | NT$17.73 | NT$17.70 | x |
| 2016-12-31 | NT$17.63 | NT$17.70 | x |
| 2017-12-31 | NT$17.95 | NT$17.70 | x |
| 2018-12-31 | NT$20.21 | NT$17.70 | x |
| 2019-12-31 | NT$21.35 | NT$17.70 | x |
| 2020-12-31 | NT$22.85 | NT$17.70 | x |
| 2021-12-31 | NT$24.52 | NT$17.70 | x |
| 2022-12-31 | NT$25.48 | NT$17.70 | x |
| 2023-12-31 | NT$25.98 | NT$17.70 | x |
| 2024-12-31 | NT$26.60 | NT$17.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheng Loong Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.34%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.46x
- Recent ROE (2.05%) is below the historical average (7.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.71% | 5.18% | 0.68x | 2.18x | NT$-284.54 Million |
| 2002 | 6.74% | 5.55% | 0.68x | 1.77x | NT$-438.15 Million |
| 2003 | 8.66% | 6.59% | 0.79x | 1.66x | NT$-191.86 Million |
| 2004 | 6.83% | 5.49% | 0.79x | 1.57x | NT$-509.11 Million |
| 2005 | 2.53% | 1.56% | 0.74x | 2.19x | NT$-1.18 Billion |
| 2006 | 4.86% | 3.57% | 0.85x | 1.60x | NT$-814.96 Million |
| 2007 | 3.79% | 1.82% | 0.77x | 2.71x | NT$-989.82 Million |
| 2008 | 0.60% | 0.27% | 0.78x | 2.78x | NT$-1.48 Billion |
| 2009 | 6.73% | 3.69% | 0.70x | 2.61x | NT$-546.23 Million |
| 2010 | 9.21% | 4.05% | 0.81x | 2.79x | NT$-134.21 Million |
| 2011 | 5.14% | 2.09% | 0.76x | 3.24x | NT$-866.52 Million |
| 2012 | 6.45% | 2.45% | 0.80x | 3.27x | NT$-619.60 Million |
| 2013 | 6.46% | 2.75% | 0.76x | 3.09x | NT$-657.60 Million |
| 2014 | 4.02% | 1.68% | 0.78x | 3.07x | NT$-1.12 Billion |
| 2015 | 5.94% | 2.70% | 0.74x | 2.99x | NT$-800.93 Million |
| 2016 | 6.62% | 3.23% | 0.68x | 2.99x | NT$-662.79 Million |
| 2017 | 7.20% | 3.63% | 0.66x | 3.02x | NT$-558.33 Million |
| 2018 | 16.65% | 9.09% | 0.69x | 2.67x | NT$1.50 Billion |
| 2019 | 9.71% | 5.70% | 0.68x | 2.50x | NT$-68.56 Million |
| 2020 | 14.67% | 9.30% | 0.66x | 2.40x | NT$1.19 Billion |
| 2021 | 14.54% | 8.81% | 0.68x | 2.44x | NT$1.24 Billion |
| 2022 | 8.89% | 5.74% | 0.63x | 2.47x | NT$-314.28 Million |
| 2023 | 3.20% | 2.19% | 0.60x | 2.45x | NT$-1.96 Billion |
| 2024 | 2.05% | 1.34% | 0.62x | 2.46x | NT$-2.35 Billion |
Industry Comparison
This section compares Cheng Loong Corp's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $21,969,848,750
- Average return on equity (ROE) among peers: 4.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheng Loong Corp (1904) | NT$29.08 Billion | 7.71% | 1.41x | $350.61 Million |
| Chung Hwa Pulp Corp (1905) | $19.10 Billion | 4.08% | 0.59x | $136.53 Million |
| Baolong International Co Ltd (1906) | $2.01 Billion | 2.18% | 0.29x | $26.04 Million |
| YFY Inc (1907) | $50.78 Billion | 4.50% | 1.38x | $906.16 Million |
| Long Chen Paper Co Ltd (1909) | $15.98 Billion | 5.47% | 1.97x | $187.28 Million |