Zinwell Corporation
Zinwell Corporation engages in the research, manufacturing, and sale of digital cable video transmission system and digital satellite communication transmission system in Taiwan, Europe, the United States, Asia, and internationally. The company offers satellite and terrestrial products, such as digital channel stacking switches, low-noise block downconverters, and headend systems; digital home en… Read more
Zinwell Corporation (2485) - Net Assets
Latest net assets as of September 2025: NT$5.11 Billion TWD
Based on the latest financial reports, Zinwell Corporation (2485) has net assets worth NT$5.11 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$6.00 Billion) and total liabilities (NT$893.47 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$5.11 Billion |
| % of Total Assets | 85.11% |
| Annual Growth Rate | 4.05% |
| 5-Year Change | -13.16% |
| 10-Year Change | -24.93% |
| Growth Volatility | 10.69 |
Zinwell Corporation - Net Assets Trend (2001–2024)
This chart illustrates how Zinwell Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zinwell Corporation (2001–2024)
The table below shows the annual net assets of Zinwell Corporation from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.61 Billion | -10.69% |
| 2023-12-31 | NT$6.29 Billion | -3.20% |
| 2022-12-31 | NT$6.49 Billion | +1.32% |
| 2021-12-31 | NT$6.41 Billion | -0.86% |
| 2020-12-31 | NT$6.47 Billion | -2.10% |
| 2019-12-31 | NT$6.60 Billion | -4.98% |
| 2018-12-31 | NT$6.95 Billion | +2.12% |
| 2017-12-31 | NT$6.81 Billion | -6.15% |
| 2016-12-31 | NT$7.25 Billion | -3.04% |
| 2015-12-31 | NT$7.48 Billion | +4.41% |
| 2014-12-31 | NT$7.16 Billion | +2.23% |
| 2013-12-31 | NT$7.01 Billion | +4.81% |
| 2012-12-31 | NT$6.69 Billion | -2.61% |
| 2011-12-31 | NT$6.86 Billion | +3.77% |
| 2010-12-31 | NT$6.61 Billion | +2.29% |
| 2009-12-31 | NT$6.47 Billion | +2.85% |
| 2008-12-31 | NT$6.29 Billion | +13.85% |
| 2007-12-31 | NT$5.52 Billion | +41.37% |
| 2006-12-31 | NT$3.91 Billion | +22.12% |
| 2005-12-31 | NT$3.20 Billion | +11.63% |
| 2004-12-31 | NT$2.87 Billion | +4.38% |
| 2003-12-31 | NT$2.75 Billion | +15.32% |
| 2002-12-31 | NT$2.38 Billion | +5.61% |
| 2001-12-31 | NT$2.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zinwell Corporation'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 15.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$367.26 Million | 6.78% |
| Common Stock | NT$3.18 Billion | 58.65% |
| Other Comprehensive Income | NT$1.37 Billion | 25.28% |
| Other Components | NT$503.59 Million | 9.30% |
| Total Equity | NT$5.42 Billion | 100.00% |
Zinwell Corporation Competitors by Market Cap
The table below lists competitors of Zinwell Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Launch One Acquisition Corp. Unit
NASDAQ:LPAAU
|
$175.27 Million |
|
Svedbergs i Dalstorp AB (publ)
ST:SVED-B
|
$175.31 Million |
|
TotalEnergies EP Gabon S.A.
PA:EC
|
$175.32 Million |
|
Xinjiang Xinxin Mining Industry Co. Ltd
F:33X1
|
$175.41 Million |
|
Ningbo David Medical Device Co Ltd
SHE:300314
|
$175.22 Million |
|
Berkeley Energy Ltd
PINK:BKLRF
|
$175.19 Million |
|
Ningbo Yibin Electronic Technology Co. Ltd. Cl A
SHE:001278
|
$175.18 Million |
|
LifeMD Inc
NASDAQ:LFMD
|
$175.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zinwell Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,075,739,000 to 5,417,112,000, a change of -658,627,000 (-10.8%).
- Net loss of 716,512,000 reduced equity.
- Other comprehensive income increased equity by 1,528,869,000.
- Other factors decreased equity by 1,470,984,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-716.51 Million | -13.23% |
| Other Comprehensive Income | NT$1.53 Billion | +28.22% |
| Other Changes | NT$-1.47 Billion | -27.15% |
| Total Change | NT$- | -10.84% |
Book Value vs Market Value Analysis
This analysis compares Zinwell Corporation'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: 3.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.96x to 3.64x 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$12.49 | NT$62.00 | x |
| 2007-12-31 | NT$17.34 | NT$62.00 | x |
| 2008-12-31 | NT$19.39 | NT$62.00 | x |
| 2009-12-31 | NT$20.16 | NT$62.00 | x |
| 2010-12-31 | NT$20.70 | NT$62.00 | x |
| 2011-12-31 | NT$21.14 | NT$62.00 | x |
| 2012-12-31 | NT$20.73 | NT$62.00 | x |
| 2013-12-31 | NT$21.82 | NT$62.00 | x |
| 2014-12-31 | NT$22.14 | NT$62.00 | x |
| 2015-12-31 | NT$23.19 | NT$62.00 | x |
| 2016-12-31 | NT$22.49 | NT$62.00 | x |
| 2017-12-31 | NT$21.33 | NT$62.00 | x |
| 2018-12-31 | NT$21.76 | NT$62.00 | x |
| 2019-12-31 | NT$20.77 | NT$62.00 | x |
| 2020-12-31 | NT$20.35 | NT$62.00 | x |
| 2021-12-31 | NT$19.40 | NT$62.00 | x |
| 2022-12-31 | NT$19.49 | NT$62.00 | x |
| 2023-12-31 | NT$19.12 | NT$62.00 | x |
| 2024-12-31 | NT$17.05 | NT$62.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zinwell Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.45%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.29x
- Recent ROE (-13.23%) is below the historical average (8.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 6.82% | 7.45% | 0.78x | 1.17x | NT$-71.64 Million |
| 2002 | 6.79% | 7.16% | 0.75x | 1.26x | NT$-76.40 Million |
| 2003 | 13.97% | 11.76% | 0.91x | 1.30x | NT$108.98 Million |
| 2004 | 6.93% | 5.94% | 0.89x | 1.31x | NT$-88.11 Million |
| 2005 | 10.09% | 8.60% | 0.85x | 1.38x | NT$2.97 Million |
| 2006 | 19.33% | 13.04% | 1.01x | 1.47x | NT$360.37 Million |
| 2007 | 35.89% | 19.50% | 1.26x | 1.46x | NT$1.43 Billion |
| 2008 | 24.71% | 16.06% | 1.10x | 1.39x | NT$925.24 Million |
| 2009 | 17.49% | 12.29% | 1.05x | 1.35x | NT$482.34 Million |
| 2010 | 15.55% | 11.02% | 1.04x | 1.35x | NT$366.73 Million |
| 2011 | 13.21% | 8.42% | 1.12x | 1.40x | NT$218.04 Million |
| 2012 | 7.72% | 6.53% | 0.95x | 1.25x | NT$-151.05 Million |
| 2013 | 11.07% | 9.24% | 0.91x | 1.32x | NT$75.01 Million |
| 2014 | 8.53% | 7.88% | 0.82x | 1.32x | NT$-104.66 Million |
| 2015 | 11.34% | 7.50% | 1.10x | 1.38x | NT$99.47 Million |
| 2016 | 7.34% | 4.00% | 1.43x | 1.29x | NT$-192.26 Million |
| 2017 | 0.46% | 0.36% | 1.03x | 1.24x | NT$-648.60 Million |
| 2018 | 4.28% | 3.82% | 0.86x | 1.30x | NT$-396.82 Million |
| 2019 | -1.94% | -1.64% | 0.93x | 1.27x | NT$-787.70 Million |
| 2020 | -2.42% | -1.97% | 0.91x | 1.34x | NT$-802.69 Million |
| 2021 | -6.02% | -5.91% | 0.73x | 1.39x | NT$-987.27 Million |
| 2022 | -1.09% | -1.02% | 0.71x | 1.49x | NT$-686.52 Million |
| 2023 | -1.19% | -1.24% | 0.67x | 1.42x | NT$-679.70 Million |
| 2024 | -13.23% | -27.45% | 0.37x | 1.29x | NT$-1.26 Billion |
Industry Comparison
This section compares Zinwell Corporation's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,785,204,778
- Average return on equity (ROE) among peers: -5.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zinwell Corporation (2485) | NT$5.11 Billion | 6.82% | 0.17x | $175.23 Million |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Abocom Systems Inc (2444) | $1.08 Billion | 1.09% | 1.04x | $38.22 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |