Hsin Yung Chien Co Ltd
Hsin Yung Chien Co., Ltd. manufactures and sells rubber conveyor belts in Taiwan and internationally. The company's product portfolio includes transmission belts; rubber sheets; inflatable rubber dam products; straight warp, chevron, and kevlar conveyor belts; specialty conveyor belts, including heat, oil, flame, abrasion, cold, and chemical resistant conveyor belts; light duty conveyor belts, su… Read more
Hsin Yung Chien Co Ltd (2114) - Net Assets
Latest net assets as of September 2025: NT$3.04 Billion TWD
Based on the latest financial reports, Hsin Yung Chien Co Ltd (2114) has net assets worth NT$3.04 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$3.64 Billion) and total liabilities (NT$597.24 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$3.04 Billion |
| % of Total Assets | 83.6% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 22.98% |
| 10-Year Change | 39.49% |
| Growth Volatility | 15.34 |
Hsin Yung Chien Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Hsin Yung Chien 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 Hsin Yung Chien Co Ltd (2004–2024)
The table below shows the annual net assets of Hsin Yung Chien Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.11 Billion | +0.54% |
| 2023-12-31 | NT$3.09 Billion | +2.86% |
| 2022-12-31 | NT$3.00 Billion | -4.54% |
| 2021-12-31 | NT$3.15 Billion | +24.58% |
| 2020-12-31 | NT$2.53 Billion | +7.49% |
| 2019-12-31 | NT$2.35 Billion | +2.40% |
| 2018-12-31 | NT$2.29 Billion | +2.64% |
| 2017-12-31 | NT$2.23 Billion | +0.04% |
| 2016-12-31 | NT$2.23 Billion | +0.36% |
| 2015-12-31 | NT$2.23 Billion | +4.35% |
| 2014-12-31 | NT$2.13 Billion | +9.66% |
| 2013-12-31 | NT$1.95 Billion | +7.15% |
| 2012-12-31 | NT$1.82 Billion | +13.21% |
| 2011-12-31 | NT$1.60 Billion | +13.96% |
| 2010-12-31 | NT$1.41 Billion | +29.42% |
| 2009-12-31 | NT$1.09 Billion | +9.67% |
| 2008-12-31 | NT$991.47 Million | -2.78% |
| 2007-12-31 | NT$1.02 Billion | +18.62% |
| 2006-12-31 | NT$859.76 Million | +58.24% |
| 2005-12-31 | NT$543.31 Million | +39.86% |
| 2004-12-31 | NT$388.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hsin Yung Chien 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 2318.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.32 Billion | 42.53% |
| Common Stock | NT$779.92 Million | 25.12% |
| Other Comprehensive Income | NT$769.44 Million | 24.78% |
| Other Components | NT$235.29 Million | 7.58% |
| Total Equity | NT$3.11 Billion | 100.00% |
Hsin Yung Chien Co Ltd Competitors by Market Cap
The table below lists competitors of Hsin Yung Chien Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Northwest Bancorp
NASDAQ:FNWB
|
$60.60 Million |
|
Castellum Inc.
NYSE MKT:CTM
|
$60.62 Million |
|
Global Mediacom Tbk
JK:BMTR
|
$60.62 Million |
|
Faraday Future Intelligent Electric Inc
NASDAQ:FFIE
|
$60.63 Million |
|
Repare Therapeutics Inc
NASDAQ:RPTX
|
$60.59 Million |
|
TAIGA BUILDING PRODS
F:4T7
|
$60.58 Million |
|
OptiNose
NASDAQ:OPTN
|
$60.53 Million |
|
CONPET SA
RO:COTE
|
$60.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsin Yung Chien Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,088,593,000 to 3,105,276,000, a change of 16,683,000 (0.5%).
- Net income of 398,227,000 contributed positively to equity growth.
- Dividend payments of 389,960,000 reduced retained earnings.
- Other comprehensive income increased equity by 53,320,000.
- Other factors decreased equity by 44,904,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$398.23 Million | +12.82% |
| Dividends Paid | NT$389.96 Million | -12.56% |
| Other Comprehensive Income | NT$53.32 Million | +1.72% |
| Other Changes | NT$-44.90 Million | -1.45% |
| Total Change | NT$- | 0.54% |
Book Value vs Market Value Analysis
This analysis compares Hsin Yung Chien 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: 2.26x
- 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 6.04x to 2.26x 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$14.80 | NT$89.40 | x |
| 2010-12-31 | NT$18.89 | NT$89.40 | x |
| 2011-12-31 | NT$20.53 | NT$89.40 | x |
| 2012-12-31 | NT$23.20 | NT$89.40 | x |
| 2013-12-31 | NT$24.87 | NT$89.40 | x |
| 2014-12-31 | NT$27.27 | NT$89.40 | x |
| 2015-12-31 | NT$28.35 | NT$89.40 | x |
| 2016-12-31 | NT$28.57 | NT$89.40 | x |
| 2017-12-31 | NT$28.58 | NT$89.40 | x |
| 2018-12-31 | NT$29.29 | NT$89.40 | x |
| 2019-12-31 | NT$29.97 | NT$89.40 | x |
| 2020-12-31 | NT$32.13 | NT$89.40 | x |
| 2021-12-31 | NT$40.00 | NT$89.40 | x |
| 2022-12-31 | NT$38.27 | NT$89.40 | x |
| 2023-12-31 | NT$39.42 | NT$89.40 | x |
| 2024-12-31 | NT$39.59 | NT$89.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsin Yung Chien 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): 12.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.16%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.20x
- Recent ROE (12.82%) is below the historical average (18.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 14.04% | 4.97% | 1.21x | 2.33x | NT$15.71 Million |
| 2005 | 25.23% | 10.54% | 1.19x | 2.01x | NT$82.74 Million |
| 2006 | 24.55% | 11.82% | 1.17x | 1.77x | NT$125.06 Million |
| 2008 | 11.67% | 6.04% | 0.93x | 2.07x | NT$16.57 Million |
| 2009 | 13.90% | 11.32% | 0.68x | 1.79x | NT$42.36 Million |
| 2010 | 18.80% | 14.86% | 0.89x | 1.42x | NT$123.81 Million |
| 2011 | 23.10% | 18.85% | 0.91x | 1.35x | NT$210.11 Million |
| 2012 | 25.23% | 20.56% | 0.92x | 1.33x | NT$276.54 Million |
| 2013 | 22.45% | 24.01% | 0.73x | 1.28x | NT$242.18 Million |
| 2014 | 23.23% | 22.99% | 0.81x | 1.25x | NT$282.18 Million |
| 2015 | 18.84% | 22.86% | 0.72x | 1.15x | NT$196.51 Million |
| 2016 | 15.68% | 22.42% | 0.59x | 1.18x | NT$126.81 Million |
| 2017 | 15.16% | 20.74% | 0.59x | 1.24x | NT$115.42 Million |
| 2018 | 17.21% | 21.41% | 0.70x | 1.15x | NT$165.44 Million |
| 2019 | 17.01% | 24.08% | 0.60x | 1.17x | NT$164.62 Million |
| 2020 | 20.74% | 32.80% | 0.55x | 1.15x | NT$271.18 Million |
| 2021 | 30.78% | 49.99% | 0.52x | 1.17x | NT$653.82 Million |
| 2022 | 13.05% | 21.23% | 0.52x | 1.19x | NT$91.69 Million |
| 2023 | 15.19% | 30.11% | 0.41x | 1.23x | NT$160.33 Million |
| 2024 | 12.82% | 27.16% | 0.39x | 1.20x | NT$87.70 Million |
Industry Comparison
This section compares Hsin Yung Chien Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsin Yung Chien Co Ltd (2114) | NT$3.04 Billion | 14.04% | 0.20x | $60.59 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |