Chung Hwa Pulp Corp
Chung Hwa Pulp Corporation manufactures, sells, and distributes pulp, paper, paperboard, chemical products, and fertilizers in Taiwan and Mainland China. The company is involved in the cultivation and sales of seedlings, afforestation, logging, and other forestry activities; tape, specialty chemicals, and forestry and agriculture products; and production and sales of non-long fiber pulp, long fib… Read more
Chung Hwa Pulp Corp (1905) - Net Assets
Latest net assets as of September 2025: NT$17.38 Billion TWD
Based on the latest financial reports, Chung Hwa Pulp Corp (1905) has net assets worth NT$17.38 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$39.29 Billion) and total liabilities (NT$21.91 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$17.38 Billion |
| % of Total Assets | 44.23% |
| Annual Growth Rate | 3.79% |
| 5-Year Change | 7.11% |
| 10-Year Change | -4.76% |
| Growth Volatility | 20.53 |
Chung Hwa Pulp Corp - Net Assets Trend (2000–2024)
This chart illustrates how Chung Hwa Pulp 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 Chung Hwa Pulp Corp (2000–2024)
The table below shows the annual net assets of Chung Hwa Pulp Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$18.19 Billion | +4.05% |
| 2023-12-31 | NT$17.48 Billion | -3.38% |
| 2022-12-31 | NT$18.09 Billion | +2.61% |
| 2021-12-31 | NT$17.63 Billion | +3.81% |
| 2020-12-31 | NT$16.99 Billion | -2.35% |
| 2019-12-31 | NT$17.40 Billion | -3.70% |
| 2018-12-31 | NT$18.06 Billion | -0.65% |
| 2017-12-31 | NT$18.18 Billion | +0.68% |
| 2016-12-31 | NT$18.06 Billion | -5.46% |
| 2015-12-31 | NT$19.10 Billion | -4.26% |
| 2014-12-31 | NT$19.95 Billion | +2.74% |
| 2013-12-31 | NT$19.42 Billion | -0.90% |
| 2012-12-31 | NT$19.60 Billion | +96.45% |
| 2011-12-31 | NT$9.98 Billion | -3.83% |
| 2010-12-31 | NT$10.37 Billion | +10.69% |
| 2009-12-31 | NT$9.37 Billion | -5.27% |
| 2008-12-31 | NT$9.89 Billion | -5.22% |
| 2007-12-31 | NT$10.44 Billion | +20.24% |
| 2006-12-31 | NT$8.68 Billion | -8.66% |
| 2005-12-31 | NT$9.50 Billion | +14.52% |
| 2004-12-31 | NT$8.30 Billion | +1.11% |
| 2003-12-31 | NT$8.21 Billion | +14.13% |
| 2002-12-31 | NT$7.19 Billion | +10.23% |
| 2001-12-31 | NT$6.52 Billion | -12.37% |
| 2000-12-31 | NT$7.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chung Hwa Pulp 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 45.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.26 Billion | 8.02% |
| Common Stock | NT$11.03 Billion | 70.25% |
| Other Components | NT$3.41 Billion | 21.73% |
| Total Equity | NT$15.70 Billion | 100.00% |
Chung Hwa Pulp Corp Competitors by Market Cap
The table below lists competitors of Chung Hwa Pulp Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIRST INTERN.BANCO.DL-01
F:45H
|
$136.53 Million |
|
Panin Financial Tbk
JK:PNLF
|
$136.61 Million |
|
TARC Limited
NSE:TARC
|
$136.62 Million |
|
KIP Real Estate Investment Trust
KLSE:5280
|
$136.63 Million |
|
Television Broadcasts Limited
PINK:TVBCF
|
$136.52 Million |
|
Nordfyns Bank A/S
CO:NRDF
|
$136.51 Million |
|
Evolution Petroleum Corporation Inc
NYSE MKT:EPM
|
$136.49 Million |
|
RCE Capital Berhad
KLSE:9296
|
$136.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chung Hwa Pulp Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,165,486,000 to 15,698,077,000, a change of 532,591,000 (3.5%).
- Net loss of 252,123,000 reduced equity.
- Other comprehensive income decreased equity by 1,247,798,000.
- Other factors increased equity by 2,032,512,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-252.12 Million | -1.61% |
| Other Comprehensive Income | NT$-1.25 Billion | -7.95% |
| Other Changes | NT$2.03 Billion | +12.95% |
| Total Change | NT$- | 3.51% |
Book Value vs Market Value Analysis
This analysis compares Chung Hwa Pulp 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: 0.81x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$13.90 | NT$11.65 | x |
| 2005-12-31 | NT$15.80 | NT$11.65 | x |
| 2006-12-31 | NT$15.61 | NT$11.65 | x |
| 2007-12-31 | NT$16.51 | NT$11.65 | x |
| 2008-12-31 | NT$15.23 | NT$11.65 | x |
| 2009-12-31 | NT$14.28 | NT$11.65 | x |
| 2010-12-31 | NT$15.67 | NT$11.65 | x |
| 2011-12-31 | NT$14.87 | NT$11.65 | x |
| 2012-12-31 | NT$24.65 | NT$11.65 | x |
| 2013-12-31 | NT$14.94 | NT$11.65 | x |
| 2014-12-31 | NT$14.03 | NT$11.65 | x |
| 2015-12-31 | NT$13.99 | NT$11.65 | x |
| 2016-12-31 | NT$14.24 | NT$11.65 | x |
| 2017-12-31 | NT$14.29 | NT$11.65 | x |
| 2018-12-31 | NT$14.17 | NT$11.65 | x |
| 2019-12-31 | NT$13.71 | NT$11.65 | x |
| 2020-12-31 | NT$13.51 | NT$11.65 | x |
| 2021-12-31 | NT$14.23 | NT$11.65 | x |
| 2022-12-31 | NT$14.52 | NT$11.65 | x |
| 2023-12-31 | NT$13.95 | NT$11.65 | x |
| 2024-12-31 | NT$14.44 | NT$11.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chung Hwa Pulp Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.21%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.46x
- Recent ROE (-1.61%) is below the historical average (3.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.66% | 7.38% | 0.61x | 1.49x | NT$-227.35 Million |
| 2003 | 7.19% | 8.27% | 0.58x | 1.49x | NT$-216.66 Million |
| 2004 | 6.47% | 7.05% | 0.62x | 1.49x | NT$-272.68 Million |
| 2005 | 8.17% | 10.44% | 0.56x | 1.40x | NT$-161.14 Million |
| 2006 | 5.41% | 7.72% | 0.58x | 1.20x | NT$-398.68 Million |
| 2007 | 9.22% | 9.46% | 0.69x | 1.41x | NT$-71.30 Million |
| 2008 | 2.54% | 2.61% | 0.60x | 1.62x | NT$-631.69 Million |
| 2009 | -6.05% | -6.75% | 0.53x | 1.68x | NT$-1.27 Billion |
| 2010 | 10.49% | 9.94% | 0.67x | 1.58x | NT$43.47 Million |
| 2011 | 0.14% | 0.13% | 0.59x | 1.75x | NT$-815.35 Million |
| 2012 | 25.84% | 90.00% | 0.18x | 1.61x | NT$2.73 Billion |
| 2013 | -4.10% | -3.44% | 0.72x | 1.66x | NT$-2.39 Billion |
| 2014 | 0.16% | 0.13% | 0.72x | 1.70x | NT$-1.71 Billion |
| 2015 | 4.72% | 3.71% | 0.69x | 1.84x | NT$-871.23 Million |
| 2016 | 2.49% | 1.78% | 0.74x | 1.89x | NT$-1.18 Billion |
| 2017 | 3.92% | 2.71% | 0.75x | 1.92x | NT$-958.92 Million |
| 2018 | 2.85% | 1.85% | 0.77x | 2.01x | NT$-1.12 Billion |
| 2019 | -1.62% | -1.18% | 0.67x | 2.06x | NT$-1.76 Billion |
| 2020 | -1.36% | -1.08% | 0.57x | 2.21x | NT$-1.68 Billion |
| 2021 | 3.16% | 2.22% | 0.65x | 2.20x | NT$-1.06 Billion |
| 2022 | 2.83% | 1.89% | 0.67x | 2.25x | NT$-1.13 Billion |
| 2023 | -3.78% | -2.74% | 0.59x | 2.34x | NT$-2.09 Billion |
| 2024 | -1.61% | -1.21% | 0.54x | 2.46x | NT$-1.82 Billion |
Industry Comparison
This section compares Chung Hwa Pulp 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: $23,890,809,250
- Average return on equity (ROE) among peers: 6.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chung Hwa Pulp Corp (1905) | NT$17.38 Billion | 6.66% | 1.26x | $136.53 Million |
| Cheng Loong Corp (1904) | $26.79 Billion | 13.92% | 1.28x | $350.61 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 |