Huang Hsiang Construction Corp (2545) - Net Assets
Based on the latest financial reports, Huang Hsiang Construction Corp (2545) has net assets worth NT$14.93 Billion TWD (≈ $470.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$62.71 Billion ≈ $1.98 Billion USD) and total liabilities (NT$47.78 Billion ≈ $1.51 Billion 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. Also explore Huang Hsiang Construction Corp (2545) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$14.93 Billion |
| % of Total Assets | 23.81% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | 20.51% |
| 10-Year Change | 29.77% |
| Growth Volatility | 21.37 |
Huang Hsiang Construction Corp - Net Assets Trend (2002–2025)
This chart illustrates how Huang Hsiang Construction Corp's net assets have evolved over time, based on quarterly financial data. Check 2545 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Huang Hsiang Construction Corp (2002–2025)
The table below shows the annual net assets of Huang Hsiang Construction Corp from 2002 to 2025. For live valuation and market cap data, see how much is Huang Hsiang Construction Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$14.94 Billion ≈ $470.65 Million |
+9.07% |
| 2024-12-31 | NT$13.70 Billion ≈ $431.49 Million |
+19.28% |
| 2023-12-31 | NT$11.48 Billion ≈ $361.75 Million |
-6.10% |
| 2022-12-31 | NT$12.23 Billion ≈ $385.25 Million |
-1.35% |
| 2021-12-31 | NT$12.40 Billion ≈ $390.53 Million |
+8.50% |
| 2020-12-31 | NT$11.42 Billion ≈ $359.94 Million |
+13.44% |
| 2019-12-31 | NT$10.07 Billion ≈ $317.31 Million |
-5.40% |
| 2018-12-31 | NT$10.65 Billion ≈ $335.43 Million |
+3.72% |
| 2017-12-31 | NT$10.26 Billion ≈ $323.39 Million |
-10.83% |
| 2016-12-31 | NT$11.51 Billion ≈ $362.68 Million |
+15.85% |
| 2015-12-31 | NT$9.94 Billion ≈ $313.06 Million |
-10.94% |
| 2014-12-31 | NT$11.16 Billion ≈ $351.52 Million |
+4.93% |
| 2013-12-31 | NT$10.63 Billion ≈ $335.01 Million |
-7.77% |
| 2012-12-31 | NT$11.53 Billion ≈ $363.21 Million |
+50.28% |
| 2011-12-31 | NT$7.67 Billion ≈ $241.69 Million |
+12.98% |
| 2010-12-31 | NT$6.79 Billion ≈ $213.92 Million |
-8.36% |
| 2009-12-31 | NT$7.41 Billion ≈ $233.43 Million |
+21.53% |
| 2008-12-31 | NT$6.10 Billion ≈ $192.08 Million |
+11.24% |
| 2007-12-31 | NT$5.48 Billion ≈ $172.68 Million |
-2.18% |
| 2006-12-31 | NT$5.60 Billion ≈ $176.52 Million |
+81.86% |
| 2005-12-31 | NT$3.08 Billion ≈ $97.06 Million |
+34.62% |
| 2004-12-31 | NT$2.29 Billion ≈ $72.10 Million |
+32.13% |
| 2003-12-31 | NT$1.73 Billion ≈ $54.57 Million |
+3.23% |
| 2002-12-31 | NT$1.68 Billion ≈ $52.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huang Hsiang Construction Corp'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 6891.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.46 Billion | 43.28% |
| Common Stock | NT$3.80 Billion | 25.42% |
| Other Comprehensive Income | NT$3.15 Billion | 21.11% |
| Other Components | NT$1.52 Billion | 10.19% |
| Total Equity | NT$14.94 Billion | 100.00% |
Huang Hsiang Construction Corp Competitors by Market Cap
The table below lists competitors of Huang Hsiang Construction Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tokmanni Group Oyj
HE:TOKMAN
|
$409.78 Million |
|
Zinwell Corporation
TW:2485
|
$409.87 Million |
|
Jiangxi Synergy Pharmaceutical Co Ltd
SHE:300636
|
$410.50 Million |
|
Jiangling Motors Corp Ltd
SHE:200550
|
$410.59 Million |
|
Clearfield Inc
NASDAQ:CLFD
|
$409.72 Million |
|
Shenzhen Huijie Group Co Ltd
SHE:002763
|
$409.70 Million |
|
NVE Corporation
NASDAQ:NVEC
|
$409.66 Million |
|
Solusi Bangun Indonesia Tbk PT
JK:SMCB
|
$409.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huang Hsiang Construction Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,695,753,000 to 14,938,609,000, a change of 1,242,856,000 (9.1%).
- Net income of 681,479,000 contributed positively to equity growth.
- Dividend payments of 1,474,806,000 reduced retained earnings.
- New share issuances of 2,002,000,000 increased equity.
- Other comprehensive income increased equity by 306,325,000.
- Other factors decreased equity by 272,142,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$681.48 Million | +4.56% |
| Dividends Paid | NT$1.47 Billion | -9.87% |
| Share Issuances | NT$2.00 Billion | +13.4% |
| Other Comprehensive Income | NT$306.32 Million | +2.05% |
| Other Changes | NT$-272.14 Million | -1.82% |
| Total Change | NT$- | 9.07% |
Book Value vs Market Value Analysis
This analysis compares Huang Hsiang Construction Corp'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: 0.81x
- 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 1.85x to 0.81x 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$18.52 | NT$34.25 | x |
| 2007-12-31 | NT$21.68 | NT$34.25 | x |
| 2008-12-31 | NT$18.47 | NT$34.25 | x |
| 2009-12-31 | NT$22.54 | NT$34.25 | x |
| 2010-12-31 | NT$20.65 | NT$34.25 | x |
| 2011-12-31 | NT$23.32 | NT$34.25 | x |
| 2012-12-31 | NT$35.08 | NT$34.25 | x |
| 2013-12-31 | NT$32.41 | NT$34.25 | x |
| 2014-12-31 | NT$34.00 | NT$34.25 | x |
| 2015-12-31 | NT$30.30 | NT$34.25 | x |
| 2016-12-31 | NT$35.06 | NT$34.25 | x |
| 2017-12-31 | NT$31.31 | NT$34.25 | x |
| 2018-12-31 | NT$32.45 | NT$34.25 | x |
| 2019-12-31 | NT$30.72 | NT$34.25 | x |
| 2020-12-31 | NT$34.81 | NT$34.25 | x |
| 2021-12-31 | NT$37.73 | NT$34.25 | x |
| 2022-12-31 | NT$37.24 | NT$34.25 | x |
| 2023-12-31 | NT$35.00 | NT$34.25 | x |
| 2024-12-31 | NT$41.72 | NT$34.25 | x |
| 2025-12-31 | NT$42.09 | NT$34.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huang Hsiang Construction Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.22%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 4.04x
- Recent ROE (4.56%) is below the historical average (15.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.44% | 6.26% | 0.47x | 1.87x | NT$-76.52 Million |
| 2003 | 7.90% | 9.95% | 0.30x | 2.65x | NT$-36.30 Million |
| 2004 | 24.56% | 19.96% | 0.26x | 4.81x | NT$333.28 Million |
| 2005 | 31.00% | 23.53% | 0.27x | 4.79x | NT$645.86 Million |
| 2006 | 40.23% | 28.95% | 0.43x | 3.20x | NT$1.69 Billion |
| 2007 | 26.78% | 26.36% | 0.22x | 4.71x | NT$917.11 Million |
| 2008 | 14.32% | 17.75% | 0.18x | 4.45x | NT$262.87 Million |
| 2009 | 17.75% | 18.46% | 0.26x | 3.68x | NT$573.21 Million |
| 2010 | 2.98% | 15.80% | 0.04x | 4.56x | NT$-475.36 Million |
| 2011 | 17.92% | 27.46% | 0.15x | 4.34x | NT$606.16 Million |
| 2012 | 42.03% | 46.73% | 0.28x | 3.20x | NT$3.69 Billion |
| 2013 | 15.53% | 32.15% | 0.13x | 3.61x | NT$588.43 Million |
| 2014 | 16.45% | 39.44% | 0.11x | 3.71x | NT$719.88 Million |
| 2015 | 0.91% | 5.08% | 0.04x | 4.43x | NT$-902.98 Million |
| 2016 | 17.10% | 14.74% | 0.36x | 3.21x | NT$817.15 Million |
| 2017 | 2.22% | 7.62% | 0.07x | 3.89x | NT$-798.26 Million |
| 2018 | 7.96% | 27.68% | 0.08x | 3.70x | NT$-217.29 Million |
| 2019 | 0.14% | 0.45% | 0.08x | 4.00x | NT$-992.81 Million |
| 2020 | 15.29% | 27.05% | 0.16x | 3.64x | NT$604.17 Million |
| 2021 | 19.74% | 31.16% | 0.17x | 3.83x | NT$1.21 Billion |
| 2022 | 15.50% | 26.82% | 0.14x | 4.15x | NT$673.04 Million |
| 2023 | 6.63% | 16.05% | 0.09x | 4.69x | NT$-386.45 Million |
| 2024 | 21.66% | 23.94% | 0.22x | 4.04x | NT$1.60 Billion |
| 2025 | 4.56% | 11.22% | 0.10x | 4.04x | NT$-812.38 Million |
Industry Comparison
This section compares Huang Hsiang Construction Corp's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $3,852,140,250
- Average return on equity (ROE) among peers: 7.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huang Hsiang Construction Corp (2545) | NT$14.93 Billion | 5.44% | 3.20x | $409.76 Million |
| SanDi Properties Co Ltd (1438) | $549.32 Million | 2.00% | 0.13x | $72.87 Million |
| Rich Development Co Ltd (5512) | $12.65 Billion | 14.99% | 1.19x | $186.96 Million |
| Full Wang International Development Co Ltd (6219) | $1.93 Billion | 0.86% | 2.58x | $50.59 Million |
| San Far Property Ltd (9946) | $274.45 Million | 12.92% | 0.30x | $185.51 Million |
About Huang Hsiang Construction Corp
Huang Hsiang Construction Corporation, together with its subsidiaries, engages in the development of residential and commercial properties. The company operates through three segments: Construction sector, Construction Division, and Hotel sector. It is also involved in leasing and selling residential and commercial buildings; and construction and civil engineering business. In addition, the compa… Read more