Hong Pu Real Estate Development Co Ltd (2536) - Net Assets
Based on the latest financial reports, Hong Pu Real Estate Development Co Ltd (2536) has net assets worth NT$13.58 Billion TWD (≈ $427.96 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$41.22 Billion ≈ $1.30 Billion USD) and total liabilities (NT$27.64 Billion ≈ $870.76 Million USD). 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. Check Hong Pu Real Estate Development Co Ltd (2536) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.58 Billion |
| % of Total Assets | 32.95% |
| Annual Growth Rate | 3.21% |
| 5-Year Change | 15.68% |
| 10-Year Change | 17.19% |
| Growth Volatility | 6.53 |
Hong Pu Real Estate Development Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Hong Pu Real Estate Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Hong Pu Real Estate Development Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hong Pu Real Estate Development Co Ltd (2000–2025)
The table below shows the annual net assets of Hong Pu Real Estate Development Co Ltd from 2000 to 2025. For live valuation and market cap data, see Hong Pu Real Estate Development Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$13.58 Billion ≈ $427.96 Million |
+9.59% |
| 2024-12-31 | NT$12.40 Billion ≈ $390.52 Million |
+0.60% |
| 2023-12-31 | NT$12.32 Billion ≈ $388.20 Million |
+0.44% |
| 2022-12-31 | NT$12.27 Billion ≈ $386.52 Million |
+4.48% |
| 2021-12-31 | NT$11.74 Billion ≈ $369.96 Million |
-3.56% |
| 2020-12-31 | NT$12.18 Billion ≈ $383.63 Million |
+1.78% |
| 2019-12-31 | NT$11.96 Billion ≈ $376.91 Million |
+2.70% |
| 2018-12-31 | NT$11.65 Billion ≈ $367.00 Million |
-0.16% |
| 2017-12-31 | NT$11.67 Billion ≈ $367.58 Million |
+0.65% |
| 2016-12-31 | NT$11.59 Billion ≈ $365.20 Million |
+1.49% |
| 2015-12-31 | NT$11.42 Billion ≈ $359.83 Million |
+7.41% |
| 2014-12-31 | NT$10.63 Billion ≈ $334.99 Million |
+12.70% |
| 2013-12-31 | NT$9.43 Billion ≈ $297.23 Million |
-7.96% |
| 2012-12-31 | NT$10.25 Billion ≈ $322.93 Million |
+6.35% |
| 2011-12-31 | NT$9.64 Billion ≈ $303.66 Million |
+5.82% |
| 2010-12-31 | NT$9.11 Billion ≈ $286.96 Million |
+0.44% |
| 2009-12-31 | NT$9.07 Billion ≈ $285.70 Million |
+10.81% |
| 2008-12-31 | NT$8.18 Billion ≈ $257.82 Million |
+10.70% |
| 2007-12-31 | NT$7.39 Billion ≈ $232.89 Million |
+9.28% |
| 2006-12-31 | NT$6.76 Billion ≈ $213.12 Million |
+7.12% |
| 2005-12-31 | NT$6.32 Billion ≈ $198.96 Million |
+17.43% |
| 2003-12-31 | NT$5.38 Billion ≈ $169.43 Million |
+1.24% |
| 2002-12-31 | NT$5.31 Billion ≈ $167.36 Million |
-1.28% |
| 2001-12-31 | NT$5.38 Billion ≈ $169.53 Million |
-12.69% |
| 2000-12-31 | NT$6.16 Billion ≈ $194.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hong Pu Real Estate Development 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 241.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$5.48 Billion | 43.32% |
| Common Stock | NT$3.33 Billion | 26.29% |
| Other Comprehensive Income | NT$2.05 Billion | 16.20% |
| Other Components | NT$1.80 Billion | 14.19% |
| Total Equity | NT$12.66 Billion | 100.00% |
Hong Pu Real Estate Development Co Ltd Competitors by Market Cap
The table below lists competitors of Hong Pu Real Estate Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
India Nippon Electricals Limited
NSE:INDNIPPON
|
$224.39 Million |
|
VIETNAM HOLDING LTD
F:2YL
|
$224.41 Million |
|
TCI Express Limited
NSE:TCIEXP
|
$224.45 Million |
|
Pan Malaysia Holdings Bhd
KLSE:1287
|
$224.46 Million |
|
Crexendo Inc
NASDAQ:CXDO
|
$224.31 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$224.28 Million |
|
Village Farms International Inc
NASDAQ:VFF
|
$224.01 Million |
|
Insecticides (India) Limited
NSE:INSECTICID
|
$223.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hong Pu Real Estate Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,764,331,000 to 12,658,626,000, a change of 894,295,000 (7.6%).
- Net income of 1,061,068,000 contributed positively to equity growth.
- Dividend payments of 166,405,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,777,918,000.
- Other factors decreased equity by 1,778,286,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.06 Billion | +8.38% |
| Dividends Paid | NT$166.41 Million | -1.31% |
| Other Comprehensive Income | NT$1.78 Billion | +14.05% |
| Other Changes | NT$-1.78 Billion | -14.05% |
| Total Change | NT$- | 7.60% |
Book Value vs Market Value Analysis
This analysis compares Hong Pu Real Estate Development 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: 0.56x
- 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 1.01x to 0.56x 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$21.27 | NT$21.40 | x |
| 2007-12-31 | NT$23.20 | NT$21.40 | x |
| 2008-12-31 | NT$25.57 | NT$21.40 | x |
| 2009-12-31 | NT$28.39 | NT$21.40 | x |
| 2010-12-31 | NT$31.37 | NT$21.40 | x |
| 2011-12-31 | NT$27.39 | NT$21.40 | x |
| 2012-12-31 | NT$28.98 | NT$21.40 | x |
| 2013-12-31 | NT$26.58 | NT$21.40 | x |
| 2014-12-31 | NT$31.14 | NT$21.40 | x |
| 2015-12-31 | NT$34.22 | NT$21.40 | x |
| 2016-12-31 | NT$34.75 | NT$21.40 | x |
| 2017-12-31 | NT$34.96 | NT$21.40 | x |
| 2018-12-31 | NT$34.94 | NT$21.40 | x |
| 2019-12-31 | NT$35.79 | NT$21.40 | x |
| 2020-12-31 | NT$36.43 | NT$21.40 | x |
| 2021-12-31 | NT$35.20 | NT$21.40 | x |
| 2022-12-31 | NT$35.04 | NT$21.40 | x |
| 2023-12-31 | NT$35.21 | NT$21.40 | x |
| 2024-12-31 | NT$35.32 | NT$21.40 | x |
| 2025-12-31 | NT$38.06 | NT$21.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hong Pu Real Estate Development Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.14%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 3.26x
- Recent ROE (8.38%) is above the historical average (8.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.87% | 8.69% | 0.23x | 1.42x | NT$-439.16 Million |
| 2003 | 1.22% | 9.08% | 0.11x | 1.19x | NT$-472.04 Million |
| 2005 | 13.16% | 22.46% | 0.35x | 1.67x | NT$199.67 Million |
| 2006 | 13.82% | 22.69% | 0.29x | 2.13x | NT$258.44 Million |
| 2007 | 16.70% | 24.50% | 0.33x | 2.05x | NT$495.04 Million |
| 2008 | 19.40% | 22.50% | 0.43x | 2.00x | NT$769.33 Million |
| 2009 | 17.55% | 31.72% | 0.41x | 1.36x | NT$684.81 Million |
| 2010 | 10.94% | 26.62% | 0.24x | 1.75x | NT$85.59 Million |
| 2011 | 8.12% | 26.53% | 0.15x | 2.05x | NT$-180.95 Million |
| 2012 | 10.64% | 24.78% | 0.22x | 1.96x | NT$65.17 Million |
| 2013 | 9.37% | 22.06% | 0.17x | 2.45x | NT$-59.55 Million |
| 2014 | 10.71% | 25.30% | 0.21x | 2.01x | NT$75.40 Million |
| 2015 | 12.84% | 29.03% | 0.25x | 1.78x | NT$324.23 Million |
| 2016 | 9.22% | 22.31% | 0.28x | 1.49x | NT$-90.81 Million |
| 2017 | 6.71% | 29.14% | 0.15x | 1.52x | NT$-384.19 Million |
| 2018 | 3.82% | 11.35% | 0.24x | 1.38x | NT$-720.18 Million |
| 2019 | 5.09% | 21.06% | 0.15x | 1.66x | NT$-585.68 Million |
| 2020 | 5.05% | 15.44% | 0.17x | 1.94x | NT$-600.88 Million |
| 2021 | -0.30% | -10.75% | 0.01x | 2.89x | NT$-1.21 Billion |
| 2022 | -0.54% | -9.13% | 0.02x | 3.39x | NT$-1.23 Billion |
| 2023 | 1.97% | 7.15% | 0.08x | 3.57x | NT$-941.62 Million |
| 2024 | 1.74% | 8.33% | 0.05x | 3.81x | NT$-972.32 Million |
| 2025 | 8.38% | 10.14% | 0.25x | 3.26x | NT$-204.79 Million |
Industry Comparison
This section compares Hong Pu Real Estate Development Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,001,869,300
- Average return on equity (ROE) among peers: 7.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hong Pu Real Estate Development Co Ltd (2536) | NT$13.58 Billion | 2.87% | 2.03x | $224.39 Million |
| HUA YU LIEN Development Co Ltd (1436) | $2.71 Billion | 6.64% | 3.31x | $254.37 Million |
| Advancetek Enterprise Co Ltd (1442) | $710.30 Million | 0.00% | 0.69x | $321.90 Million |
| Better Life Group Co Ltd (1805) | $604.84 Million | -12.64% | 1.28x | $43.80 Million |
| Run Long Construction Co Ltd (1808) | $13.51 Billion | 57.00% | 2.15x | $911.59 Million |
| Jean Co Ltd (2442) | $2.27 Billion | 1.17% | 1.45x | $176.73 Million |
| Cathay Real Estate Development Co Ltd (2501) | $18.71 Billion | 0.98% | 0.12x | $986.38 Million |
| Kuo Yang Construction Co Ltd (2505) | $2.90 Billion | 0.78% | 1.77x | $225.08 Million |
| Pacific Construction Co Ltd (2506) | $7.44 Billion | 1.58% | 1.01x | $102.86 Million |
| Prince Housing & Development Corp (2511) | $24.18 Billion | 5.30% | 1.08x | $418.70 Million |
| King’s Town Construction Co Ltd (2524) | $6.98 Billion | 11.87% | 1.03x | $449.11 Million |
About Hong Pu Real Estate Development Co Ltd
Hong Pu Real Estate Development Co., Ltd. engages in the construction, leasing, and selling of residential and commercial buildings in Taiwan. The company was founded in 1988 and is based in Taipei, Taiwan.