International CSRC Investment Holdings Co Ltd
International CSRC Investment Holdings Co., Ltd. produces and sells carbon black for tire and other rubber products in Asia, the United States, and internationally. Its carbon black products are also used in plastics, printing and coatings, and conductive applications. The company also engages in the biotechnology research and development activities. In addition, it provides investment and invest… Read more
International CSRC Investment Holdings Co Ltd (2104) - Net Assets
Latest net assets as of September 2025: NT$26.12 Billion TWD
Based on the latest financial reports, International CSRC Investment Holdings Co Ltd (2104) has net assets worth NT$26.12 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$49.05 Billion) and total liabilities (NT$22.94 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$26.12 Billion |
| % of Total Assets | 53.24% |
| Annual Growth Rate | 7.31% |
| 5-Year Change | -1.33% |
| 10-Year Change | 85.21% |
| Growth Volatility | 17.04 |
International CSRC Investment Holdings Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how International CSRC Investment Holdings 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 International CSRC Investment Holdings Co Ltd (2002–2024)
The table below shows the annual net assets of International CSRC Investment Holdings Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$33.37 Billion | -5.87% |
| 2023-12-31 | NT$35.45 Billion | -0.30% |
| 2022-12-31 | NT$35.56 Billion | +0.96% |
| 2021-12-31 | NT$35.22 Billion | +4.14% |
| 2020-12-31 | NT$33.82 Billion | -1.38% |
| 2019-12-31 | NT$34.29 Billion | +6.32% |
| 2018-12-31 | NT$32.26 Billion | +57.60% |
| 2017-12-31 | NT$20.47 Billion | +5.55% |
| 2016-12-31 | NT$19.39 Billion | +7.63% |
| 2015-12-31 | NT$18.02 Billion | -12.92% |
| 2014-12-31 | NT$20.69 Billion | +9.79% |
| 2013-12-31 | NT$18.84 Billion | +2.67% |
| 2012-12-31 | NT$18.35 Billion | +6.16% |
| 2011-12-31 | NT$17.29 Billion | -0.30% |
| 2010-12-31 | NT$17.34 Billion | -3.97% |
| 2009-12-31 | NT$18.06 Billion | +34.78% |
| 2008-12-31 | NT$13.40 Billion | -12.52% |
| 2007-12-31 | NT$15.31 Billion | +33.84% |
| 2006-12-31 | NT$11.44 Billion | +25.86% |
| 2005-12-31 | NT$9.09 Billion | +30.87% |
| 2004-12-31 | NT$6.95 Billion | +3.01% |
| 2003-12-31 | NT$6.74 Billion | -4.49% |
| 2002-12-31 | NT$7.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to International CSRC Investment Holdings 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 1419.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.13 Billion | 13.09% |
| Common Stock | NT$9.85 Billion | 31.22% |
| Other Components | NT$17.57 Billion | 55.69% |
| Total Equity | NT$31.55 Billion | 100.00% |
International CSRC Investment Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of International CSRC Investment Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Panoro Energy ASA
OL:PEN
|
$293.18 Million |
|
ION Exchange (India) Limited
NSE:IONEXCHANG
|
$293.23 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$293.27 Million |
|
FREQUENCY EL. INC. DL 1
F:98K
|
$293.29 Million |
|
Shandong Keyuan Pharmaceutical Co. Ltd. A
SHE:301281
|
$293.15 Million |
|
Sichuan Shudao Equipment & Technology Co Ltd
SHE:300540
|
$293.06 Million |
|
Changchun BCHT Biotechnology Co. A
SHG:688276
|
$293.03 Million |
|
TSI Holdings Co.Ltd
PINK:TSIHF
|
$292.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in International CSRC Investment Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,570,733,000 to 31,545,020,000, a change of -2,025,713,000 (-6.0%).
- Net loss of 2,712,871,000 reduced equity.
- Dividend payments of 2,478,000 reduced retained earnings.
- Other comprehensive income decreased equity by 8,249,356,000.
- Other factors increased equity by 8,938,992,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-2.71 Billion | -8.6% |
| Dividends Paid | NT$2.48 Million | -0.01% |
| Other Comprehensive Income | NT$-8.25 Billion | -26.15% |
| Other Changes | NT$8.94 Billion | +28.34% |
| Total Change | NT$- | -6.03% |
Book Value vs Market Value Analysis
This analysis compares International CSRC Investment Holdings 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: 0.38x
- 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 0.78x to 0.38x 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$15.99 | NT$12.40 | x |
| 2007-12-31 | NT$20.57 | NT$12.40 | x |
| 2008-12-31 | NT$17.55 | NT$12.40 | x |
| 2009-12-31 | NT$24.11 | NT$12.40 | x |
| 2010-12-31 | NT$19.59 | NT$12.40 | x |
| 2011-12-31 | NT$20.09 | NT$12.40 | x |
| 2012-12-31 | NT$21.30 | NT$12.40 | x |
| 2013-12-31 | NT$22.09 | NT$12.40 | x |
| 2014-12-31 | NT$24.43 | NT$12.40 | x |
| 2015-12-31 | NT$21.30 | NT$12.40 | x |
| 2016-12-31 | NT$23.10 | NT$12.40 | x |
| 2017-12-31 | NT$25.54 | NT$12.40 | x |
| 2018-12-31 | NT$36.52 | NT$12.40 | x |
| 2019-12-31 | NT$31.12 | NT$12.40 | x |
| 2020-12-31 | NT$30.78 | NT$12.40 | x |
| 2021-12-31 | NT$34.50 | NT$12.40 | x |
| 2022-12-31 | NT$34.66 | NT$12.40 | x |
| 2023-12-31 | NT$34.61 | NT$12.40 | x |
| 2024-12-31 | NT$32.52 | NT$12.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently International CSRC Investment Holdings Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.02%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.74x
- Recent ROE (-8.60%) is below the historical average (5.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 1.73% | 1.41% | 0.50x | 2.45x | NT$-583.79 Million |
| 2004 | 6.75% | 3.82% | 0.75x | 2.34x | NT$-225.86 Million |
| 2006 | 8.78% | 5.50% | 0.80x | 1.99x | NT$-129.87 Million |
| 2007 | 9.03% | 6.41% | 0.67x | 2.09x | NT$-130.61 Million |
| 2008 | 7.45% | 3.45% | 0.91x | 2.38x | NT$-293.43 Million |
| 2009 | 5.17% | 4.65% | 0.56x | 1.98x | NT$-760.59 Million |
| 2010 | 6.91% | 5.13% | 0.70x | 1.91x | NT$-484.27 Million |
| 2011 | 6.81% | 4.69% | 0.72x | 2.02x | NT$-511.88 Million |
| 2012 | 8.88% | 6.48% | 0.77x | 1.77x | NT$-190.15 Million |
| 2013 | 4.59% | 3.76% | 0.70x | 1.75x | NT$-954.98 Million |
| 2014 | 13.14% | 11.66% | 0.67x | 1.69x | NT$613.12 Million |
| 2015 | 5.00% | 5.05% | 0.58x | 1.71x | NT$-851.67 Million |
| 2016 | 7.97% | 9.26% | 0.51x | 1.68x | NT$-375.38 Million |
| 2017 | 11.61% | 11.30% | 0.55x | 1.86x | NT$315.17 Million |
| 2018 | 10.12% | 12.26% | 0.49x | 1.69x | NT$35.09 Million |
| 2019 | 3.87% | 5.24% | 0.43x | 1.71x | NT$-1.85 Billion |
| 2020 | 2.43% | 4.25% | 0.34x | 1.68x | NT$-2.26 Billion |
| 2021 | 10.15% | 13.79% | 0.43x | 1.72x | NT$48.95 Million |
| 2022 | 2.02% | 2.91% | 0.40x | 1.74x | NT$-2.68 Billion |
| 2023 | -1.47% | -2.77% | 0.31x | 1.69x | NT$-3.85 Billion |
| 2024 | -8.60% | -15.02% | 0.33x | 1.74x | NT$-5.87 Billion |
Industry Comparison
This section compares International CSRC Investment Holdings Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $44,934,559,200
- Average return on equity (ROE) among peers: 11.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| International CSRC Investment Holdings Co Ltd (2104) | NT$26.12 Billion | 1.73% | 0.88x | $293.17 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| USI Corp (1304) | $29.40 Billion | 10.91% | 0.90x | $220.86 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |