Hiwin Technologies Corp
Hiwin Technologies Corporation manufactures and sells motion control and systematic technology products. The company operates through Linear Guideways, Ballscrews, and Other segments. It offers ballscrews, Ball Spline, linear guideways, bearings, DATORKER strain wave gear, end effectors, torque motor rotary tables, and semiconductor subsystem, as well as single and multi-axis robots; and medical … Read more
Hiwin Technologies Corp (2049) - Net Assets
Latest net assets as of December 2025: NT$37.47 Billion TWD
Based on the latest financial reports, Hiwin Technologies Corp (2049) has net assets worth NT$37.47 Billion TWD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$54.18 Billion) and total liabilities (NT$16.70 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$37.47 Billion |
| % of Total Assets | 69.17% |
| Annual Growth Rate | 14.54% |
| 5-Year Change | 23.0% |
| 10-Year Change | 153.2% |
| Growth Volatility | 13.91 |
Hiwin Technologies Corp - Net Assets Trend (2005–2025)
This chart illustrates how Hiwin Technologies 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 Hiwin Technologies Corp (2005–2025)
The table below shows the annual net assets of Hiwin Technologies Corp from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$37.47 Billion | +1.08% |
| 2024-12-31 | NT$37.07 Billion | +5.58% |
| 2023-12-31 | NT$35.11 Billion | +0.43% |
| 2022-12-31 | NT$34.96 Billion | +14.76% |
| 2021-12-31 | NT$30.47 Billion | +11.24% |
| 2020-12-31 | NT$27.39 Billion | +15.79% |
| 2019-12-31 | NT$23.65 Billion | -3.21% |
| 2018-12-31 | NT$24.44 Billion | +47.22% |
| 2017-12-31 | NT$16.60 Billion | +12.16% |
| 2016-12-31 | NT$14.80 Billion | +2.06% |
| 2015-12-31 | NT$14.50 Billion | +6.06% |
| 2014-12-31 | NT$13.67 Billion | +15.91% |
| 2013-12-31 | NT$11.80 Billion | +13.66% |
| 2012-12-31 | NT$10.38 Billion | +12.33% |
| 2011-12-31 | NT$9.24 Billion | +51.65% |
| 2010-12-31 | NT$6.09 Billion | +30.92% |
| 2009-12-31 | NT$4.65 Billion | +20.21% |
| 2008-12-31 | NT$3.87 Billion | +8.34% |
| 2007-12-31 | NT$3.57 Billion | +22.09% |
| 2006-12-31 | NT$2.93 Billion | +17.96% |
| 2005-12-31 | NT$2.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hiwin Technologies 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 3223.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$20.95 Billion | 56.10% |
| Common Stock | NT$3.54 Billion | 9.47% |
| Other Comprehensive Income | NT$5.39 Billion | 14.43% |
| Other Components | NT$7.47 Billion | 20.00% |
| Total Equity | NT$37.35 Billion | 100.00% |
Hiwin Technologies Corp Competitors by Market Cap
The table below lists competitors of Hiwin Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DO & CO AG
IS:DOCO
|
$1.96 Billion |
|
SUZHOU KEMATEK INC
SHE:301611
|
$1.96 Billion |
|
Lingbao Gold Group Company Ltd
F:LI9
|
$1.96 Billion |
|
SES S.A
PINK:SGBAF
|
$1.96 Billion |
|
LWB1
F:LWB1
|
$1.96 Billion |
|
AP Memory Technology Corp
TW:6531
|
$1.95 Billion |
|
Wacoal Holdings Corp
PINK:WACLY
|
$1.95 Billion |
|
LandBridge Company LLC
NYSE:LB
|
$1.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiwin Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,929,047,000 to 37,345,766,000, a change of 416,719,000 (1.1%).
- Net income of 1,525,866,000 contributed positively to equity growth.
- Dividend payments of 849,101,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,562,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.53 Billion | +4.09% |
| Dividends Paid | NT$849.10 Million | -2.27% |
| Other Comprehensive Income | NT$-12.56 Million | -0.03% |
| Other Changes | NT$-247.48 Million | -0.66% |
| Total Change | NT$- | 1.13% |
Book Value vs Market Value Analysis
This analysis compares Hiwin Technologies 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: 2.06x
- 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 15.69x to 2.06x 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$15.01 | NT$235.50 | x |
| 2010-12-31 | NT$18.80 | NT$235.50 | x |
| 2011-12-31 | NT$28.45 | NT$235.50 | x |
| 2012-12-31 | NT$30.52 | NT$235.50 | x |
| 2013-12-31 | NT$34.66 | NT$235.50 | x |
| 2014-12-31 | NT$39.90 | NT$235.50 | x |
| 2015-12-31 | NT$42.06 | NT$235.50 | x |
| 2016-12-31 | NT$43.57 | NT$235.50 | x |
| 2017-12-31 | NT$50.67 | NT$235.50 | x |
| 2018-12-31 | NT$73.83 | NT$235.50 | x |
| 2019-12-31 | NT$70.87 | NT$235.50 | x |
| 2020-12-31 | NT$82.93 | NT$235.50 | x |
| 2021-12-31 | NT$87.78 | NT$235.50 | x |
| 2022-12-31 | NT$100.01 | NT$235.50 | x |
| 2023-12-31 | NT$98.67 | NT$235.50 | x |
| 2024-12-31 | NT$104.21 | NT$235.50 | x |
| 2025-12-31 | NT$114.15 | NT$235.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiwin Technologies 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.29%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.45x
- Recent ROE (4.09%) is below the historical average (16.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 22.05% | 16.58% | 0.67x | 1.97x | NT$298.91 Million |
| 2006 | 20.64% | 15.30% | 0.61x | 2.22x | NT$311.32 Million |
| 2007 | 26.29% | 16.98% | 0.62x | 2.50x | NT$582.11 Million |
| 2008 | 20.72% | 12.45% | 0.63x | 2.65x | NT$414.88 Million |
| 2009 | 6.00% | 6.38% | 0.44x | 2.15x | NT$-186.26 Million |
| 2010 | 27.72% | 17.80% | 0.68x | 2.28x | NT$1.08 Billion |
| 2011 | 41.22% | 24.08% | 0.77x | 2.22x | NT$2.88 Billion |
| 2012 | 20.24% | 16.19% | 0.49x | 2.56x | NT$1.01 Billion |
| 2013 | 18.00% | 16.25% | 0.45x | 2.46x | NT$898.41 Million |
| 2014 | 18.60% | 15.94% | 0.50x | 2.35x | NT$1.11 Billion |
| 2015 | 12.03% | 11.04% | 0.45x | 2.40x | NT$277.63 Million |
| 2016 | 9.41% | 8.23% | 0.49x | 2.34x | NT$-83.35 Million |
| 2017 | 16.80% | 12.94% | 0.56x | 2.31x | NT$1.11 Billion |
| 2018 | 22.30% | 18.38% | 0.60x | 2.02x | NT$2.97 Billion |
| 2019 | 7.86% | 9.23% | 0.42x | 2.04x | NT$-509.01 Million |
| 2020 | 7.00% | 9.07% | 0.44x | 1.74x | NT$-826.48 Million |
| 2021 | 11.67% | 12.96% | 0.53x | 1.69x | NT$504.20 Million |
| 2022 | 12.89% | 15.28% | 0.56x | 1.50x | NT$1.00 Billion |
| 2023 | 5.81% | 8.26% | 0.48x | 1.47x | NT$-1.47 Billion |
| 2024 | 5.34% | 8.08% | 0.45x | 1.47x | NT$-1.72 Billion |
| 2025 | 4.09% | 6.29% | 0.45x | 1.45x | NT$-2.21 Billion |
Industry Comparison
This section compares Hiwin Technologies Corp's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $2,495,283,222
- Average return on equity (ROE) among peers: 6.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiwin Technologies Corp (2049) | NT$37.47 Billion | 22.05% | 0.45x | $1.96 Billion |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |