Sinkang Industries Co Ltd (2032) - Net Assets
Based on the latest financial reports, Sinkang Industries Co Ltd (2032) has net assets worth NT$1.75 Billion TWD (≈ $55.22 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.16 Billion ≈ $68.19 Million USD) and total liabilities (NT$411.89 Million ≈ $12.98 Million 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. Check 2032 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.75 Billion |
| % of Total Assets | 80.97% |
| Annual Growth Rate | 1.92% |
| 5-Year Change | -3.29% |
| 10-Year Change | 4.73% |
| Growth Volatility | 9.36 |
Sinkang Industries Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Sinkang Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sinkang Industries Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sinkang Industries Co Ltd (2002–2025)
The table below shows the annual net assets of Sinkang Industries Co Ltd from 2002 to 2025. For live valuation and market cap data, see Sinkang Industries Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.75 Billion ≈ $55.22 Million |
+2.04% |
| 2024-12-31 | NT$1.72 Billion ≈ $54.11 Million |
+3.70% |
| 2023-12-31 | NT$1.66 Billion ≈ $52.18 Million |
-2.81% |
| 2022-12-31 | NT$1.70 Billion ≈ $53.69 Million |
-5.96% |
| 2021-12-31 | NT$1.81 Billion ≈ $57.09 Million |
+6.04% |
| 2020-12-31 | NT$1.71 Billion ≈ $53.84 Million |
+2.10% |
| 2019-12-31 | NT$1.67 Billion ≈ $52.74 Million |
+2.12% |
| 2018-12-31 | NT$1.64 Billion ≈ $51.64 Million |
+0.19% |
| 2017-12-31 | NT$1.64 Billion ≈ $51.54 Million |
-2.24% |
| 2016-12-31 | NT$1.67 Billion ≈ $52.72 Million |
+3.07% |
| 2015-12-31 | NT$1.62 Billion ≈ $51.15 Million |
-0.22% |
| 2014-12-31 | NT$1.63 Billion ≈ $51.27 Million |
-2.35% |
| 2013-12-31 | NT$1.67 Billion ≈ $52.50 Million |
+0.79% |
| 2012-12-31 | NT$1.65 Billion ≈ $52.09 Million |
-0.15% |
| 2011-12-31 | NT$1.66 Billion ≈ $52.16 Million |
-2.24% |
| 2010-12-31 | NT$1.69 Billion ≈ $53.36 Million |
+7.02% |
| 2009-12-31 | NT$1.58 Billion ≈ $49.86 Million |
+4.11% |
| 2008-12-31 | NT$1.52 Billion ≈ $47.89 Million |
-14.85% |
| 2007-12-31 | NT$1.79 Billion ≈ $56.25 Million |
+10.49% |
| 2006-12-31 | NT$1.62 Billion ≈ $50.91 Million |
+34.79% |
| 2005-12-31 | NT$1.20 Billion ≈ $37.77 Million |
-12.30% |
| 2004-12-31 | NT$1.37 Billion ≈ $43.07 Million |
+14.96% |
| 2003-12-31 | NT$1.19 Billion ≈ $37.46 Million |
+4.97% |
| 2002-12-31 | NT$1.13 Billion ≈ $35.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinkang Industries 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 28.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$143.07 Million | 8.16% |
| Common Stock | NT$1.31 Billion | 74.47% |
| Other Comprehensive Income | NT$199.44 Million | 11.38% |
| Other Components | NT$104.83 Million | 5.98% |
| Total Equity | NT$1.75 Billion | 100.00% |
Sinkang Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Sinkang Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aptech Limited
NSE:APTECHT
|
$65.80 Million |
|
Rottneros AB
ST:RROS
|
$65.80 Million |
|
Vitura S.A.
PA:VTR
|
$65.81 Million |
|
MHP Hotel AG
XETRA:CDZ0
|
$65.82 Million |
|
Nam Kwang Cons
KO:001260
|
$65.78 Million |
|
Vissem Electronics Co. Ltd
KQ:072950
|
$65.74 Million |
|
Intermediate Capital Group PLC
LSE:ICG
|
$65.74 Million |
|
Wave Electronics Co. Ltd
KQ:095270
|
$65.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinkang Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,717,473,000 to 1,752,560,000, a change of 35,087,000 (2.0%).
- Net income of 73,108,000 contributed positively to equity growth.
- Dividend payments of 48,946,000 reduced retained earnings.
- Other comprehensive income increased equity by 13,982,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$73.11 Million | +4.17% |
| Dividends Paid | NT$48.95 Million | -2.79% |
| Other Comprehensive Income | NT$13.98 Million | +0.8% |
| Other Changes | NT$-3.06 Million | -0.17% |
| Total Change | NT$- | 2.04% |
Book Value vs Market Value Analysis
This analysis compares Sinkang Industries 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: 1.19x
- 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 1.32x to 1.19x 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$12.13 | NT$16.00 | x |
| 2010-12-31 | NT$13.24 | NT$16.00 | x |
| 2011-12-31 | NT$12.81 | NT$16.00 | x |
| 2012-12-31 | NT$12.66 | NT$16.00 | x |
| 2013-12-31 | NT$12.76 | NT$16.00 | x |
| 2014-12-31 | NT$12.44 | NT$16.00 | x |
| 2015-12-31 | NT$12.42 | NT$16.00 | x |
| 2016-12-31 | NT$12.80 | NT$16.00 | x |
| 2017-12-31 | NT$12.52 | NT$16.00 | x |
| 2018-12-31 | NT$12.55 | NT$16.00 | x |
| 2019-12-31 | NT$12.81 | NT$16.00 | x |
| 2020-12-31 | NT$13.08 | NT$16.00 | x |
| 2021-12-31 | NT$13.86 | NT$16.00 | x |
| 2022-12-31 | NT$13.05 | NT$16.00 | x |
| 2023-12-31 | NT$12.69 | NT$16.00 | x |
| 2024-12-31 | NT$13.15 | NT$16.00 | x |
| 2025-12-31 | NT$13.42 | NT$16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinkang Industries Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.40%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 1.24x
- Recent ROE (4.17%) is below the historical average (5.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.38% | 4.70% | 1.06x | 1.69x | NT$-18.37 Million |
| 2003 | 11.52% | 5.44% | 1.11x | 1.90x | NT$18.08 Million |
| 2004 | 15.79% | 6.19% | 1.30x | 1.96x | NT$79.17 Million |
| 2006 | 26.11% | 7.93% | 1.63x | 2.02x | NT$260.19 Million |
| 2007 | 0.64% | 0.18% | 2.10x | 1.70x | NT$-167.14 Million |
| 2009 | 3.95% | 1.62% | 1.56x | 1.57x | NT$-95.76 Million |
| 2010 | 8.06% | 2.60% | 1.93x | 1.60x | NT$-32.94 Million |
| 2011 | 0.94% | 0.31% | 2.00x | 1.51x | NT$-150.00 Million |
| 2012 | 0.64% | 0.25% | 1.86x | 1.36x | NT$-154.74 Million |
| 2013 | 2.52% | 1.20% | 1.70x | 1.23x | NT$-124.72 Million |
| 2014 | 3.52% | 1.65% | 1.69x | 1.27x | NT$-105.39 Million |
| 2015 | 2.11% | 1.12% | 1.51x | 1.25x | NT$-128.09 Million |
| 2016 | 4.38% | 2.59% | 1.40x | 1.21x | NT$-94.00 Million |
| 2017 | 0.93% | 0.55% | 1.39x | 1.23x | NT$-148.33 Million |
| 2018 | 1.00% | 0.53% | 1.56x | 1.20x | NT$-147.51 Million |
| 2019 | 2.83% | 1.67% | 1.42x | 1.19x | NT$-120.02 Million |
| 2020 | 4.45% | 2.33% | 1.57x | 1.22x | NT$-94.90 Million |
| 2021 | 9.21% | 4.78% | 1.56x | 1.23x | NT$-14.29 Million |
| 2022 | 2.24% | 1.14% | 1.75x | 1.13x | NT$-132.20 Million |
| 2023 | -1.26% | -0.73% | 1.52x | 1.14x | NT$-186.43 Million |
| 2024 | 3.44% | 1.99% | 1.51x | 1.15x | NT$-112.62 Million |
| 2025 | 4.17% | 2.40% | 1.41x | 1.24x | NT$-102.15 Million |
Industry Comparison
This section compares Sinkang Industries Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $87,983,262,800
- Average return on equity (ROE) among peers: 5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinkang Industries Co Ltd (2032) | NT$1.75 Billion | 8.38% | 0.24x | $65.79 Million |
| Walsin Lihwa Corp (1605) | $87.28 Billion | 7.67% | 0.74x | $4.21 Billion |
| China Steel Corp (2002) | $342.80 Billion | 7.13% | 0.97x | $9.00 Billion |
| China Steel Corp Pref (2002A) | $386.96 Billion | 16.04% | 0.78x | $46.78 Million |
| Tung Ho Steel Enterprise Corp (2006) | $23.55 Billion | 6.30% | 0.55x | $1.50 Billion |
| Yieh Hsing Enterprise Co Ltd (2007) | $5.65 Billion | -13.67% | 1.41x | $124.72 Million |
| Kao Hsiung Chang Iron & Steel Corp (2008) | $2.97 Billion | 1.42% | 1.47x | $165.35 Million |
| Chun Yuan Steel Industry Co Ltd (2010) | $10.15 Billion | 4.10% | 0.66x | $505.02 Million |
| Chun Yu Works & Co Ltd (2012) | $4.17 Billion | 3.35% | 1.56x | $129.09 Million |
| China Steel Structure Co Ltd (2013) | $4.37 Billion | 3.96% | 2.42x | $269.37 Million |
| Chung Hung Steel Corp (2014) | $11.93 Billion | 21.85% | 1.63x | $796.00 Million |
About Sinkang Industries Co Ltd
Sinkang Industries Co., Ltd. manufactures and sells stainless steel in Taiwan and internationally. It primarily offers stainless steel plate and coil shearing, coil slitting, plate surface treatment, mirror finishing, and embossing forming. The company also provides round tube forming, and angle bar forming. Its products are used in the food industry, tableware industry, office equipment, medical… Read more