Hanpin Electron Co Ltd
Hanpin Electron Co., Ltd. designs, manufactures, and sells electronic consumer products, professional audio products, and professional DJ equipment in Taiwan, China, Hong Kong, and Singapore. It offers direct drive and belt drive turntables, media players, tabletop mixers, and MIDI controllers. The company was founded in 1965 and is headquartered in Tainan City, Taiwan.
Hanpin Electron Co Ltd (2488) - Net Assets
Latest net assets as of December 2025: NT$2.81 Billion TWD
Based on the latest financial reports, Hanpin Electron Co Ltd (2488) has net assets worth NT$2.81 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$3.81 Billion) and total liabilities (NT$997.79 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$2.81 Billion |
| % of Total Assets | 73.78% |
| Annual Growth Rate | 2.25% |
| 5-Year Change | 34.22% |
| 10-Year Change | 38.08% |
| Growth Volatility | 7.11 |
Hanpin Electron Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Hanpin Electron 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 Hanpin Electron Co Ltd (2002–2025)
The table below shows the annual net assets of Hanpin Electron Co Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.81 Billion | +2.72% |
| 2024-12-31 | NT$2.73 Billion | +10.64% |
| 2023-12-31 | NT$2.47 Billion | +5.83% |
| 2022-12-31 | NT$2.33 Billion | +11.60% |
| 2021-12-31 | NT$2.09 Billion | +0.39% |
| 2020-12-31 | NT$2.08 Billion | -0.59% |
| 2019-12-31 | NT$2.10 Billion | +2.61% |
| 2018-12-31 | NT$2.04 Billion | +7.50% |
| 2017-12-31 | NT$1.90 Billion | -6.54% |
| 2016-12-31 | NT$2.03 Billion | +12.06% |
| 2015-12-31 | NT$1.81 Billion | +6.99% |
| 2014-12-31 | NT$1.70 Billion | +2.71% |
| 2013-12-31 | NT$1.65 Billion | +18.02% |
| 2012-12-31 | NT$1.40 Billion | -0.13% |
| 2011-12-31 | NT$1.40 Billion | -5.03% |
| 2010-12-31 | NT$1.48 Billion | -11.55% |
| 2009-12-31 | NT$1.67 Billion | +0.27% |
| 2008-12-31 | NT$1.66 Billion | -5.06% |
| 2007-12-31 | NT$1.75 Billion | +5.17% |
| 2006-12-31 | NT$1.67 Billion | +6.72% |
| 2005-12-31 | NT$1.56 Billion | -9.82% |
| 2004-12-31 | NT$1.73 Billion | -2.30% |
| 2003-12-31 | NT$1.77 Billion | +5.31% |
| 2002-12-31 | NT$1.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanpin Electron 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 168.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.22 Billion | 43.41% |
| Common Stock | NT$799.99 Million | 28.49% |
| Other Comprehensive Income | NT$755.44 Million | 26.91% |
| Other Components | NT$33.59 Million | 1.20% |
| Total Equity | NT$2.81 Billion | 100.00% |
Hanpin Electron Co Ltd Competitors by Market Cap
The table below lists competitors of Hanpin Electron Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mu Global Holding Limited
PINK:MUGH
|
$79.49 Million |
|
Mount Gibson Iron Ltd
PINK:MTGRF
|
$79.49 Million |
|
Zhejiang Zone King Environmental Sci&Tech Co Ltd
SHG:688701
|
$79.50 Million |
|
Omada Health, Inc. Common Stock
NASDAQ:OMDA
|
$79.51 Million |
|
Amway (Malaysia) Holdings Bhd
KLSE:6351
|
$79.45 Million |
|
San Far Property Ltd
TW:9946
|
$79.44 Million |
|
Mogotes Metals Inc.
V:MOG
|
$79.38 Million |
|
Greenheart Gold Inc.
V:GHRT
|
$79.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanpin Electron Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,733,415,000 to 2,807,733,000, a change of 74,318,000 (2.7%).
- Net income of 364,592,000 contributed positively to equity growth.
- Dividend payments of 255,998,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,987,001.
- Other factors decreased equity by 41,263,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$364.59 Million | +12.99% |
| Dividends Paid | NT$256.00 Million | -9.12% |
| Other Comprehensive Income | NT$6.99 Million | +0.25% |
| Other Changes | NT$-41.26 Million | -1.47% |
| Total Change | NT$- | 2.72% |
Book Value vs Market Value Analysis
This analysis compares Hanpin Electron 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: 1.36x
- 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 2.90x to 1.36x 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$16.49 | NT$47.85 | x |
| 2010-12-31 | NT$15.87 | NT$47.85 | x |
| 2011-12-31 | NT$17.32 | NT$47.85 | x |
| 2012-12-31 | NT$17.26 | NT$47.85 | x |
| 2013-12-31 | NT$20.34 | NT$47.85 | x |
| 2014-12-31 | NT$20.86 | NT$47.85 | x |
| 2015-12-31 | NT$22.13 | NT$47.85 | x |
| 2016-12-31 | NT$24.82 | NT$47.85 | x |
| 2017-12-31 | NT$23.22 | NT$47.85 | x |
| 2018-12-31 | NT$24.87 | NT$47.85 | x |
| 2019-12-31 | NT$25.54 | NT$47.85 | x |
| 2020-12-31 | NT$25.49 | NT$47.85 | x |
| 2021-12-31 | NT$25.65 | NT$47.85 | x |
| 2022-12-31 | NT$28.68 | NT$47.85 | x |
| 2023-12-31 | NT$30.41 | NT$47.85 | x |
| 2024-12-31 | NT$33.68 | NT$47.85 | x |
| 2025-12-31 | NT$35.12 | NT$47.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanpin Electron 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): 12.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.65%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.36x
- Recent ROE (12.99%) is above the historical average (11.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.77% | 17.43% | 0.66x | 1.54x | NT$130.68 Million |
| 2003 | 17.15% | 16.36% | 0.74x | 1.41x | NT$126.64 Million |
| 2004 | 13.80% | 12.38% | 0.66x | 1.69x | NT$65.72 Million |
| 2005 | 4.71% | 4.08% | 0.71x | 1.63x | NT$-82.29 Million |
| 2006 | 11.17% | 9.56% | 0.78x | 1.49x | NT$19.38 Million |
| 2007 | 14.29% | 11.83% | 0.81x | 1.49x | NT$74.93 Million |
| 2008 | 9.94% | 7.22% | 0.93x | 1.49x | NT$-939.10K |
| 2009 | 6.45% | 6.94% | 0.66x | 1.41x | NT$-58.94 Million |
| 2010 | 6.46% | 5.48% | 0.70x | 1.68x | NT$-51.99 Million |
| 2011 | 0.32% | 0.25% | 0.83x | 1.56x | NT$-134.68 Million |
| 2012 | 4.47% | 4.00% | 0.71x | 1.57x | NT$-76.77 Million |
| 2013 | 16.71% | 11.55% | 0.92x | 1.57x | NT$110.00 Million |
| 2014 | 10.76% | 8.98% | 0.76x | 1.57x | NT$12.72 Million |
| 2015 | 13.23% | 9.91% | 0.88x | 1.51x | NT$58.15 Million |
| 2016 | 22.37% | 13.93% | 1.00x | 1.60x | NT$249.61 Million |
| 2017 | 10.09% | 8.87% | 0.58x | 1.96x | NT$1.60 Million |
| 2018 | 14.44% | 11.09% | 0.87x | 1.50x | NT$89.83 Million |
| 2019 | 13.51% | 11.03% | 0.83x | 1.48x | NT$72.67 Million |
| 2020 | 8.81% | 9.37% | 0.58x | 1.62x | NT$-24.46 Million |
| 2021 | 6.92% | 5.76% | 0.61x | 1.97x | NT$-63.75 Million |
| 2022 | 13.22% | 10.01% | 0.93x | 1.42x | NT$75.24 Million |
| 2023 | 14.21% | 14.26% | 0.71x | 1.40x | NT$104.07 Million |
| 2024 | 15.33% | 13.19% | 0.82x | 1.42x | NT$145.73 Million |
| 2025 | 12.99% | 12.65% | 0.76x | 1.36x | NT$83.82 Million |
Industry Comparison
This section compares Hanpin Electron Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,187,647,667
- Average return on equity (ROE) among peers: 8.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanpin Electron Co Ltd (2488) | NT$2.81 Billion | 17.77% | 0.36x | $79.48 Million |
| Lung Hwa Electronics Co Ltd (2424) | $317.59 Million | -9.51% | 0.16x | $12.91 Million |
| Merry Electronics Co Ltd (2439) | $2.17 Billion | 16.03% | 0.57x | $570.30 Million |
| Taiwan Line Tek Electronic Co Ltd (2462) | $2.55 Billion | 0.44% | 0.92x | $64.46 Million |
| Meiloon Industrial Co Ltd (2477) | $4.80 Billion | 22.79% | 0.42x | $54.24 Million |
| Action Electronics Co Ltd (3024) | $3.55 Billion | 18.90% | 1.15x | $69.35 Million |
| Global View Co Ltd (3040) | $1.93 Billion | 36.06% | 0.07x | $52.08 Million |
| U-Tech Media Corp (3050) | $2.71 Billion | 2.67% | 0.85x | $41.27 Million |
| Phonic Corporation (3067) | $158.28 Million | -14.71% | 0.12x | $5.31K |
| Powertech Industrial Co Ltd (3296) | $1.49 Billion | 1.74% | 0.47x | $37.37 Million |