China Development Financial Holding Corp
KGI Financial Holding Co., Ltd. engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally. The company offers financial services, such as deposits, loans, and credit cards; wealth management, consumer and corporate banking, and foreign exchange services; and direct investment, corporate finance, and capital market services for domestic … Read more
China Development Financial Holding Corp (2883) - Net Assets
Latest net assets as of September 2025: NT$311.43 Billion TWD
Based on the latest financial reports, China Development Financial Holding Corp (2883) has net assets worth NT$311.43 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$3.96 Trillion) and total liabilities (NT$3.65 Trillion). 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$311.43 Billion |
| % of Total Assets | 7.87% |
| Annual Growth Rate | 3.66% |
| 5-Year Change | -7.62% |
| 10-Year Change | 82.08% |
| Growth Volatility | 18.88 |
China Development Financial Holding Corp - Net Assets Trend (2001–2024)
This chart illustrates how China Development Financial Holding Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Development Financial Holding Corp (2001–2024)
The table below shows the annual net assets of China Development Financial Holding Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$307.29 Billion | +16.86% |
| 2023-12-31 | NT$262.95 Billion | +25.94% |
| 2022-12-31 | NT$208.79 Billion | -28.77% |
| 2021-12-31 | NT$293.11 Billion | -11.88% |
| 2020-12-31 | NT$332.63 Billion | +12.20% |
| 2019-12-31 | NT$296.47 Billion | +32.61% |
| 2018-12-31 | NT$223.56 Billion | -10.30% |
| 2017-12-31 | NT$249.22 Billion | +49.15% |
| 2016-12-31 | NT$167.10 Billion | -0.99% |
| 2015-12-31 | NT$168.77 Billion | -2.96% |
| 2014-12-31 | NT$173.91 Billion | +2.85% |
| 2013-12-31 | NT$169.10 Billion | +1.97% |
| 2012-12-31 | NT$165.84 Billion | +39.37% |
| 2011-12-31 | NT$118.99 Billion | -8.31% |
| 2010-12-31 | NT$129.77 Billion | -1.60% |
| 2009-12-31 | NT$131.88 Billion | +15.45% |
| 2008-12-31 | NT$114.23 Billion | -19.74% |
| 2007-12-31 | NT$142.33 Billion | -11.62% |
| 2006-12-31 | NT$161.04 Billion | +22.90% |
| 2005-12-31 | NT$131.03 Billion | +10.66% |
| 2004-12-31 | NT$118.41 Billion | +2.99% |
| 2003-12-31 | NT$114.97 Billion | -10.51% |
| 2002-12-31 | NT$128.47 Billion | -4.50% |
| 2001-12-31 | NT$134.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Development Financial Holding 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 41009.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$53.63 Billion | 17.46% |
| Other Components | NT$253.52 Billion | 82.54% |
| Total Equity | NT$307.16 Billion | 100.00% |
China Development Financial Holding Corp Competitors by Market Cap
The table below lists competitors of China Development Financial Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Littelfuse Inc
NASDAQ:LFUS
|
$8.13 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$8.14 Billion |
|
Tetra Tech Inc
NASDAQ:TTEK
|
$8.14 Billion |
|
South32 Limited
PINK:SHTLF
|
$8.15 Billion |
|
Foshan Haitian Flavouring and Food Co Ltd
SHG:603288
|
$8.13 Billion |
|
Power Assets Holdings Limited
PINK:HGKGF
|
$8.13 Billion |
|
China Molybdenum Co. Ltd
PINK:CMCLF
|
$8.12 Billion |
|
CAE Inc.
NYSE:CAE
|
$8.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Development Financial Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 262,818,634,000 to 307,156,466,000, a change of 44,337,832,000 (16.9%).
- Net income of 33,552,462,000 contributed positively to equity growth.
- Dividend payments of 8,976,474,000 reduced retained earnings.
- Other comprehensive income increased equity by 39,302,475,000.
- Other factors decreased equity by 19,540,631,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$33.55 Billion | +10.92% |
| Dividends Paid | NT$8.98 Billion | -2.92% |
| Other Comprehensive Income | NT$39.30 Billion | +12.8% |
| Other Changes | NT$-19.54 Billion | -6.36% |
| Total Change | NT$- | 16.87% |
Book Value vs Market Value Analysis
This analysis compares China Development Financial Holding 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: 1.11x
- 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 1.57x to 1.11x 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$12.80 | NT$20.10 | x |
| 2007-12-31 | NT$11.34 | NT$20.10 | x |
| 2008-12-31 | NT$9.33 | NT$20.10 | x |
| 2009-12-31 | NT$12.09 | NT$20.10 | x |
| 2010-12-31 | NT$11.93 | NT$20.10 | x |
| 2011-12-31 | NT$10.73 | NT$20.10 | x |
| 2012-12-31 | NT$11.68 | NT$20.10 | x |
| 2013-12-31 | NT$11.07 | NT$20.10 | x |
| 2014-12-31 | NT$11.50 | NT$20.10 | x |
| 2015-12-31 | NT$11.13 | NT$20.10 | x |
| 2016-12-31 | NT$11.14 | NT$20.10 | x |
| 2017-12-31 | NT$11.49 | NT$20.10 | x |
| 2018-12-31 | NT$10.98 | NT$20.10 | x |
| 2019-12-31 | NT$12.88 | NT$20.10 | x |
| 2020-12-31 | NT$13.86 | NT$20.10 | x |
| 2021-12-31 | NT$19.55 | NT$20.10 | x |
| 2022-12-31 | NT$12.43 | NT$20.10 | x |
| 2023-12-31 | NT$15.64 | NT$20.10 | x |
| 2024-12-31 | NT$18.09 | NT$20.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Development Financial Holding Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.62%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.85x
- Recent ROE (10.92%) is above the historical average (6.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.10% | 0.64% | 0.10x | 1.50x | NT$-13.32 Billion |
| 2002 | 4.62% | 34.51% | 0.07x | 2.05x | NT$-6.91 Billion |
| 2005 | 7.67% | 49.56% | 0.07x | 2.16x | NT$-3.03 Billion |
| 2006 | 9.39% | 71.25% | 0.06x | 2.33x | NT$-973.67 Million |
| 2007 | 5.39% | 49.87% | 0.04x | 2.59x | NT$-6.52 Billion |
| 2008 | -6.21% | 0.00% | -0.01x | 2.55x | NT$-18.42 Billion |
| 2009 | 5.54% | 52.49% | 0.05x | 2.20x | NT$-5.85 Billion |
| 2010 | 6.60% | 56.38% | 0.05x | 2.60x | NT$-4.40 Billion |
| 2011 | 1.37% | 23.32% | 0.02x | 2.79x | NT$-10.25 Billion |
| 2012 | 3.31% | 34.72% | 0.03x | 3.22x | NT$-10.15 Billion |
| 2013 | 5.11% | 34.77% | 0.04x | 3.98x | NT$-7.96 Billion |
| 2014 | 6.36% | 41.19% | 0.03x | 5.39x | NT$-6.19 Billion |
| 2015 | 5.16% | 29.01% | 0.03x | 5.25x | NT$-7.99 Billion |
| 2016 | 3.62% | 22.94% | 0.03x | 5.46x | NT$-10.43 Billion |
| 2017 | 6.97% | 14.21% | 0.03x | 14.27x | NT$-5.07 Billion |
| 2018 | 4.93% | 3.14% | 0.09x | 17.07x | NT$-8.07 Billion |
| 2019 | 10.48% | 8.32% | 0.08x | 16.14x | NT$901.31 Million |
| 2020 | 10.20% | 9.19% | 0.07x | 16.94x | NT$402.68 Million |
| 2021 | 16.09% | 25.66% | 0.05x | 11.81x | NT$17.82 Billion |
| 2022 | 7.84% | 16.72% | 0.03x | 16.95x | NT$-4.50 Billion |
| 2023 | 7.21% | 35.76% | 0.01x | 13.88x | NT$-7.34 Billion |
| 2024 | 10.92% | 44.62% | 0.02x | 12.85x | NT$2.84 Billion |
Industry Comparison
This section compares China Development Financial Holding Corp's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $376,695,239,167
- Average return on equity (ROE) among peers: 6.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Development Financial Holding Corp (2883) | NT$311.43 Billion | 0.10% | 11.71x | $8.13 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $16.94 Billion | 1.83% | 25.48x | $746.84 Million |
| Fubon Financial Holding Co Ltd (2881) | $983.84 Billion | 14.69% | 9.67x | $20.58 Billion |
| Cathay Financial Holding Co Ltd (2882) | $904.78 Billion | 8.24% | 11.10x | $20.17 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $283.93 Billion | 7.18% | 17.12x | $5.59 Billion |
| Mercuries & Associates Holding Ltd (2905) | $26.44 Billion | 3.81% | 22.18x | $142.74 Million |
| Farglory Life Insurance Co. Ltd. (5859) | $44.24 Billion | 4.99% | 14.81x | $223.91 Million |