Chien Shing Stainless Steel Co Ltd
Chien Shing Stainless Steel Co., Ltd. engages in the stainless-steel business in Taiwan and internationally. It engages in the cutting and sliding of stainless-steel coils; trading of various stainless-steel materials; and manufacture of customized stainless-steel products. The company was founded in 1978 and is based in Tainan City, Taiwan.
Chien Shing Stainless Steel Co Ltd (2025) - Net Assets
Latest net assets as of September 2025: NT$1.40 Billion TWD
Based on the latest financial reports, Chien Shing Stainless Steel Co Ltd (2025) has net assets worth NT$1.40 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$2.04 Billion) and total liabilities (NT$642.47 Million). 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$1.40 Billion |
| % of Total Assets | 68.54% |
| Annual Growth Rate | -1.41% |
| 5-Year Change | 237.37% |
| 10-Year Change | 27.8% |
| Growth Volatility | 32.31 |
Chien Shing Stainless Steel Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Chien Shing Stainless Steel 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 Chien Shing Stainless Steel Co Ltd (2002–2024)
The table below shows the annual net assets of Chien Shing Stainless Steel Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.46 Billion | -14.08% |
| 2023-12-31 | NT$1.70 Billion | +16.19% |
| 2022-12-31 | NT$1.47 Billion | +109.86% |
| 2021-12-31 | NT$699.00 Million | +61.02% |
| 2020-12-31 | NT$434.11 Million | -30.70% |
| 2019-12-31 | NT$626.46 Million | -23.97% |
| 2018-12-31 | NT$824.00 Million | -39.96% |
| 2017-12-31 | NT$1.37 Billion | +12.35% |
| 2016-12-31 | NT$1.22 Billion | +6.59% |
| 2015-12-31 | NT$1.15 Billion | -28.83% |
| 2014-12-31 | NT$1.61 Billion | -3.84% |
| 2013-12-31 | NT$1.67 Billion | -10.41% |
| 2012-12-31 | NT$1.87 Billion | -19.09% |
| 2011-12-31 | NT$2.31 Billion | -13.56% |
| 2010-12-31 | NT$2.67 Billion | +3.64% |
| 2009-12-31 | NT$2.58 Billion | +0.92% |
| 2008-12-31 | NT$2.56 Billion | -24.58% |
| 2007-12-31 | NT$3.39 Billion | +1.30% |
| 2006-12-31 | NT$3.34 Billion | +13.11% |
| 2005-12-31 | NT$2.96 Billion | -5.25% |
| 2004-12-31 | NT$3.12 Billion | +22.41% |
| 2003-12-31 | NT$2.55 Billion | +27.35% |
| 2002-12-31 | NT$2.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chien Shing Stainless Steel 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 decreased by 25734600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$1.73 Billion | 117.89% |
| Other Comprehensive Income | NT$-4.71 Million | -0.32% |
| Total Equity | NT$1.46 Billion | 100.00% |
Chien Shing Stainless Steel Co Ltd Competitors by Market Cap
The table below lists competitors of Chien Shing Stainless Steel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THINKWARE Corporation
KQ:084730
|
$33.86 Million |
|
Metacon AB
ST:META
|
$33.87 Million |
|
Articore Group Ltd
AU:ATG
|
$33.87 Million |
|
HeXun Biosciences Co., Ltd.
TWO:6986
|
$33.87 Million |
|
G J Steel Public Company Limited
BK:GJS
|
$33.84 Million |
|
Kalray S.A.
LSE:0ABT
|
$33.84 Million |
|
Elin Electronics Limited
NSE:ELIN
|
$33.83 Million |
|
Stronghold Digital Mining Inc
NASDAQ:SDIG
|
$33.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chien Shing Stainless Steel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,704,484,000 to 1,464,550,000, a change of -239,934,000 (-14.1%).
- Net loss of 245,954,000 reduced equity.
- Other comprehensive income increased equity by 17,412,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-245.95 Million | -16.79% |
| Other Comprehensive Income | NT$17.41 Million | +1.19% |
| Other Changes | NT$-11.39 Million | -0.78% |
| Total Change | NT$- | -14.08% |
Book Value vs Market Value Analysis
This analysis compares Chien Shing Stainless Steel 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: 0.79x
- 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 1.19x to 0.79x 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$9.17 | NT$10.90 | x |
| 2010-12-31 | NT$9.51 | NT$10.90 | x |
| 2011-12-31 | NT$8.22 | NT$10.90 | x |
| 2012-12-31 | NT$6.65 | NT$10.90 | x |
| 2013-12-31 | NT$5.96 | NT$10.90 | x |
| 2014-12-31 | NT$5.73 | NT$10.90 | x |
| 2015-12-31 | NT$4.08 | NT$10.90 | x |
| 2016-12-31 | NT$4.34 | NT$10.90 | x |
| 2017-12-31 | NT$4.88 | NT$10.90 | x |
| 2018-12-31 | NT$2.93 | NT$10.90 | x |
| 2019-12-31 | NT$2.23 | NT$10.90 | x |
| 2020-12-31 | NT$1.54 | NT$10.90 | x |
| 2021-12-31 | NT$2.49 | NT$10.90 | x |
| 2022-12-31 | NT$5.22 | NT$10.90 | x |
| 2023-12-31 | NT$6.06 | NT$10.90 | x |
| 2024-12-31 | NT$13.81 | NT$10.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chien Shing Stainless Steel Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.24%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.06x
- Recent ROE (-16.79%) is below the historical average (-4.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.49% | 0.23% | 0.95x | 2.22x | NT$-190.42 Million |
| 2003 | 13.50% | 6.19% | 1.12x | 1.95x | NT$89.29 Million |
| 2004 | 6.97% | 3.35% | 1.35x | 1.55x | NT$-94.56 Million |
| 2006 | 10.68% | 3.93% | 1.88x | 1.44x | NT$22.67 Million |
| 2007 | 1.28% | 0.46% | 2.09x | 1.33x | NT$-295.30 Million |
| 2009 | 0.60% | 0.34% | 1.29x | 1.35x | NT$-242.35 Million |
| 2010 | 3.68% | 2.23% | 1.30x | 1.27x | NT$-168.90 Million |
| 2011 | -15.78% | -5.66% | 2.00x | 1.40x | NT$-595.67 Million |
| 2012 | -23.49% | -16.23% | 0.97x | 1.49x | NT$-625.86 Million |
| 2013 | -19.98% | -8.06% | 1.46x | 1.69x | NT$-502.01 Million |
| 2014 | -5.28% | -1.65% | 2.15x | 1.48x | NT$-246.05 Million |
| 2015 | -35.67% | -13.97% | 1.14x | 2.25x | NT$-523.39 Million |
| 2016 | 7.52% | 2.52% | 1.62x | 1.84x | NT$-30.28 Million |
| 2017 | 11.31% | 4.26% | 1.66x | 1.60x | NT$17.94 Million |
| 2018 | -62.40% | -18.11% | 1.33x | 2.60x | NT$-596.54 Million |
| 2019 | -28.39% | -15.40% | 0.60x | 3.07x | NT$-240.48 Million |
| 2020 | -48.30% | -26.09% | 0.46x | 4.04x | NT$-253.09 Million |
| 2021 | 39.53% | 11.18% | 1.26x | 2.79x | NT$206.42 Million |
| 2022 | 53.22% | 63.42% | 0.81x | 1.03x | NT$633.96 Million |
| 2023 | 13.39% | 30.89% | 0.41x | 1.06x | NT$57.77 Million |
| 2024 | -16.79% | -23.24% | 0.68x | 1.06x | NT$-392.41 Million |
Industry Comparison
This section compares Chien Shing Stainless Steel Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,507,134,500
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chien Shing Stainless Steel Co Ltd (2025) | NT$1.40 Billion | 0.49% | 0.46x | $33.84 Million |
| 1480 (1480) | $3.18 Billion | 0.46% | 1.04x | $28.61 Million |
| Walsin Lihwa Corp (1605) | $62.20 Billion | -4.32% | 0.82x | $2.92 Billion |
| Tung Ho Steel Enterprise Corp (2006) | $27.71 Billion | 12.86% | 0.60x | $1.04 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $3.58 Billion | 0.00% | 3.75x | $31.36 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.62 Billion | 0.00% | 3.66x | $28.78 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $342.51 Million |
| Chun Yu Works & Co Ltd (2012) | $2.58 Billion | 3.92% | 1.85x | $36.48 Million |
| Chung Hung Steel Corp (2014) | $12.53 Billion | -19.54% | 2.05x | $458.80 Million |
| Feng Hsin Steel Co Ltd (2015) | $16.58 Billion | 10.95% | 0.18x | $690.55 Million |
| Quintain Steel Co Ltd (2017) | $3.95 Billion | 0.00% | 0.88x | $71.75 Million |