China Steel Corp (2002) - Net Assets

Latest as of September 2025: NT$323.64 Billion TWD ≈ $10.20 Billion USD

Based on the latest financial reports, China Steel Corp (2002) has net assets worth NT$323.64 Billion TWD (≈ $10.20 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$674.94 Billion ≈ $21.26 Billion USD) and total liabilities (NT$351.30 Billion ≈ $11.07 Billion 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. Also explore 2002 asset base for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$323.64 Billion
% of Total Assets 47.95%
Annual Growth Rate 3.95%
5-Year Change 5.69%
10-Year Change 6.47%
Growth Volatility 995.75

China Steel Corp - Net Assets Trend (2000–2024)

This chart illustrates how China Steel Corp's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see 2002 company net worth.

Annual Net Assets for China Steel Corp (2000–2024)

The table below shows the annual net assets of China Steel Corp from 2000 to 2024. Explore China Steel Corp cash conversion from operations to assess how effectively this company generates cash.

Year Net Assets Change
2024-12-31 NT$341.49 Billion
≈ $10.76 Billion		 -0.22%
2023-12-31 NT$342.25 Billion
≈ $10.78 Billion		 -4.09%
2022-12-31 NT$356.85 Billion
≈ $11.24 Billion		 -7.78%
2021-12-31 NT$386.96 Billion
≈ $12.19 Billion		 +19.76%
2020-12-31 NT$323.11 Billion
≈ $10.18 Billion		 -2.74%
2019-12-31 NT$332.21 Billion
≈ $10.47 Billion		 -3.09%
2018-12-31 NT$342.80 Billion
≈ $10.80 Billion		 +3.27%
2017-12-31 NT$331.95 Billion
≈ $10.46 Billion		 +0.72%
2016-12-31 NT$329.58 Billion
≈ $10.38 Billion		 +2.76%
2015-12-31 NT$320.72 Billion
≈ $10.10 Billion		 -4.17%
2014-12-31 NT$334.69 Billion
≈ $10.54 Billion		 +4.80%
2013-12-31 NT$319.37 Billion
≈ $10.06 Billion		 +4.54%
2012-12-31 NT$305.50 Billion
≈ $9.62 Billion		 -2.12%
2011-12-31 NT$312.11 Billion
≈ $9.83 Billion		 +8.14%
2010-12-31 NT$288.60 Billion
≈ $9.09 Billion		 +9.41%
2009-12-31 NT$263.79 Billion
≈ $8.31 Billion		 +3.45%
2008-12-31 NT$254.98 Billion
≈ $8.03 Billion		 -0.37%
2007-12-31 NT$255.93 Billion
≈ $8.06 Billion		 +9.31%
2006-12-31 NT$234.13 Billion
≈ $7.38 Billion		 +4.86%
2005-12-31 NT$223.28 Billion
≈ $7.03 Billion		 +21.24%
2004-12-31 NT$184.16 Billion
≈ $5.80 Billion		 +14.36%
2003-12-31 NT$161.04 Billion
≈ $5.07 Billion		 +4981.44%
2002-12-31 NT$3.17 Billion
≈ $99.84 Million		 -97.74%
2001-12-31 NT$140.23 Billion
≈ $4.42 Billion		 +4.14%
2000-12-31 NT$134.65 Billion
≈ $4.24 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to China Steel 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 156.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$118.89 Billion 39.46%
Common Stock NT$157.35 Billion 52.22%
Other Comprehensive Income NT$-3.48 Billion -1.15%
Other Components NT$28.54 Billion 9.47%
Total Equity NT$301.30 Billion 100.00%

China Steel Corp Competitors by Market Cap

The table below lists competitors of China Steel Corp ranked by their market capitalization.

Company Market Cap
Qantas Airways Ltd
AU:QAN
 $9.00 Billion
Baloise Holding AG
SW:BALN
 $9.01 Billion
HudBay Minerals Inc
TO:HBM
 $9.02 Billion
Shandong Nanshan Aluminium Co Ltd
SHG:600219
 $9.02 Billion
Cognex Corporation
NASDAQ:CGNX
 $9.00 Billion
Huizhou Desay SV Automotive Co Ltd Class A
SHE:002920
 $9.00 Billion
Karman Holdings Inc.
NYSE:KRMN
 $9.00 Billion
Macronix International Co Ltd
TW:2337
 $8.99 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Steel Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 305,766,490,000 to 301,300,171,000, a change of -4,466,319,000 (-1.5%).
  • Net income of 1,978,352,000 contributed positively to equity growth.
  • Dividend payments of 5,505,817,000 reduced retained earnings.
  • Share repurchases of 333,972,000 reduced equity.
  • Other comprehensive income decreased equity by 3,522,554,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$1.98 Billion +0.66%
Dividends Paid NT$5.51 Billion -1.83%
Share Repurchases NT$333.97 Million -0.11%
Other Comprehensive Income NT$-3.52 Billion -1.17%
Other Changes NT$2.92 Billion +0.97%
Total Change NT$- -1.46%

Book Value vs Market Value Analysis

This analysis compares China Steel 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: 0.95x
  • 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 1.29x to 0.95x 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$14.59 NT$18.75 x
2007-12-31 NT$15.96 NT$18.75 x
2008-12-31 NT$16.89 NT$18.75 x
2009-12-31 NT$16.73 NT$18.75 x
2010-12-31 NT$18.09 NT$18.75 x
2011-12-31 NT$19.17 NT$18.75 x
2012-12-31 NT$18.01 NT$18.75 x
2013-12-31 NT$18.73 NT$18.75 x
2014-12-31 NT$19.60 NT$18.75 x
2015-12-31 NT$19.03 NT$18.75 x
2016-12-31 NT$19.55 NT$18.75 x
2017-12-31 NT$19.64 NT$18.75 x
2018-12-31 NT$20.14 NT$18.75 x
2019-12-31 NT$19.57 NT$18.75 x
2020-12-31 NT$19.02 NT$18.75 x
2021-12-31 NT$22.40 NT$18.75 x
2022-12-31 NT$20.67 NT$18.75 x
2023-12-31 NT$19.85 NT$18.75 x
2024-12-31 NT$19.75 NT$18.75 x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Steel 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): 0.66%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.55%
  • • Asset Turnover: 0.52x
  • • Equity Multiplier: 2.31x
  • Recent ROE (0.66%) is below the historical average (9.97%), 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 13.75% 18.40% 0.48x 1.55x NT$5.05 Billion
2001 5.96% 6.39% 0.45x 2.08x NT$-5.06 Billion
2002 7.10% 6.09% 0.44x 2.65x NT$-91.91 Million
2003 22.96% 25.24% 0.61x 1.50x NT$20.88 Billion
2004 28.03% 27.67% 0.72x 1.41x NT$33.20 Billion
2005 25.76% 17.83% 0.84x 1.73x NT$30.98 Billion
2006 19.24% 14.06% 0.80x 1.70x NT$18.81 Billion
2007 23.02% 15.50% 0.91x 1.64x NT$29.00 Billion
2008 10.07% 6.24% 0.83x 1.94x NT$156.36 Million
2009 8.05% 7.81% 0.53x 1.93x NT$-4.73 Billion
2010 14.13% 10.73% 0.64x 2.04x NT$10.99 Billion
2011 6.75% 4.86% 0.66x 2.12x NT$-9.37 Billion
2012 2.09% 1.62% 0.58x 2.22x NT$-22.02 Billion
2013 5.52% 4.59% 0.51x 2.35x NT$-12.99 Billion
2014 7.27% 6.05% 0.54x 2.24x NT$-8.31 Billion
2015 2.58% 2.67% 0.42x 2.30x NT$-21.83 Billion
2016 5.30% 5.47% 0.43x 2.23x NT$-14.22 Billion
2017 5.56% 4.87% 0.52x 2.20x NT$-13.50 Billion
2018 7.82% 6.10% 0.59x 2.16x NT$-6.84 Billion
2019 2.91% 2.41% 0.55x 2.20x NT$-21.45 Billion
2020 0.77% 0.72% 0.49x 2.17x NT$-27.07 Billion
2021 17.78% 13.25% 0.68x 1.97x NT$27.15 Billion
2022 5.56% 3.96% 0.66x 2.14x NT$-14.21 Billion
2023 0.55% 0.46% 0.54x 2.22x NT$-28.89 Billion
2024 0.66% 0.55% 0.52x 2.31x NT$-28.15 Billion

Industry Comparison

This section compares China Steel Corp's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $52,479,317,778
  • Average return on equity (ROE) among peers: 2.35%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Steel Corp (2002) NT$323.64 Billion 13.75% 1.09x $9.00 Billion
Walsin Lihwa Corp (1605) $54.97 Billion 0.00% 0.51x $4.21 Billion
China Steel Corp Pref (2002A) $356.85 Billion 4.98% 0.92x $46.78 Million
Tung Ho Steel Enterprise Corp (2006) $19.86 Billion 4.43% 0.96x $1.50 Billion
Yieh Hsing Enterprise Co Ltd (2007) $6.79 Billion -10.23% 0.73x $124.72 Million
Kao Hsiung Chang Iron & Steel Corp (2008) $2.75 Billion 0.00% 3.13x $165.35 Million
Chun Yuan Steel Industry Co Ltd (2010) $7.15 Billion 11.07% 1.20x $505.02 Million
Chun Yu Works & Co Ltd (2012) $2.58 Billion 3.92% 1.85x $129.09 Million
China Steel Structure Co Ltd (2013) $4.32 Billion 12.82% 1.97x $269.37 Million
Chung Hung Steel Corp (2014) $17.06 Billion -5.80% 1.15x $796.00 Million

About China Steel Corp

TW:2002 Taiwan Steel
Market Cap
$9.00 Billion
NT$285.78 Billion TWD
Market Cap Rank
#2412 Global
#66 in Taiwan
Share Price
NT$18.75
Change (1 day)
-1.32%
52-Week Range
NT$17.65 - NT$21.90
All Time High
NT$38.85
Categories
Companies in Taiwan Steel
About

China Steel Corporation manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally. It offers steel plates primarily for use in construction structures, shipbuilding, bridge beams, oil country tabular goods, machine structures, pressure vessels, and in climate/corrosion-resistant steel plates; steel bars and wire rods for applications in general and mach… Read more