ZongTai Real Estate Development Co Ltd (3056) - Net Assets
Based on the latest financial reports, ZongTai Real Estate Development Co Ltd (3056) has net assets worth NT$8.38 Billion TWD (≈ $263.93 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$15.16 Billion ≈ $477.67 Million USD) and total liabilities (NT$6.78 Billion ≈ $213.74 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 ZongTai Real Estate Development Co Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$8.38 Billion |
| % of Total Assets | 55.25% |
| Annual Growth Rate | 14.8% |
| 5-Year Change | 77.34% |
| 10-Year Change | 81.65% |
| Growth Volatility | 44.42 |
ZongTai Real Estate Development Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how ZongTai Real Estate Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ZongTai Real Estate Development Co Ltd (3056) market capitalisation.
Annual Net Assets for ZongTai Real Estate Development Co Ltd (2002–2025)
The table below shows the annual net assets of ZongTai Real Estate Development Co Ltd from 2002 to 2025. Also explore ZongTai Real Estate Development Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$8.76 Billion ≈ $275.85 Million |
-2.14% |
| 2024-12-31 | NT$8.95 Billion ≈ $281.88 Million |
+29.76% |
| 2023-12-31 | NT$6.90 Billion ≈ $217.24 Million |
-9.08% |
| 2022-12-31 | NT$7.58 Billion ≈ $238.92 Million |
+53.60% |
| 2021-12-31 | NT$4.94 Billion ≈ $155.55 Million |
-5.33% |
| 2020-12-31 | NT$5.22 Billion ≈ $164.30 Million |
+8.53% |
| 2019-12-31 | NT$4.81 Billion ≈ $151.39 Million |
+3.50% |
| 2018-12-31 | NT$4.64 Billion ≈ $146.27 Million |
-7.16% |
| 2017-12-31 | NT$5.00 Billion ≈ $157.54 Million |
+3.74% |
| 2016-12-31 | NT$4.82 Billion ≈ $151.86 Million |
+10.15% |
| 2015-12-31 | NT$4.38 Billion ≈ $137.86 Million |
+28.59% |
| 2014-12-31 | NT$3.40 Billion ≈ $107.21 Million |
+22.13% |
| 2013-12-31 | NT$2.79 Billion ≈ $87.78 Million |
+15.75% |
| 2012-12-31 | NT$2.41 Billion ≈ $75.84 Million |
+20.20% |
| 2011-12-31 | NT$2.00 Billion ≈ $63.09 Million |
+95.88% |
| 2010-12-31 | NT$1.02 Billion ≈ $32.21 Million |
+103.78% |
| 2009-12-31 | NT$501.71 Million ≈ $15.81 Million |
+4.66% |
| 2008-12-31 | NT$479.37 Million ≈ $15.10 Million |
+63.37% |
| 2007-12-31 | NT$293.42 Million ≈ $9.24 Million |
+150.46% |
| 2006-12-31 | NT$117.15 Million ≈ $3.69 Million |
-50.56% |
| 2005-12-31 | NT$236.98 Million ≈ $7.47 Million |
-32.79% |
| 2004-12-31 | NT$352.58 Million ≈ $11.11 Million |
-5.96% |
| 2003-12-31 | NT$374.92 Million ≈ $11.81 Million |
+2.37% |
| 2002-12-31 | NT$366.25 Million ≈ $11.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ZongTai 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 2474.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.50 Billion | 17.18% |
| Common Stock | NT$4.81 Billion | 54.89% |
| Other Comprehensive Income | NT$1.35 Billion | 15.45% |
| Other Components | NT$1.09 Billion | 12.48% |
| Total Equity | NT$8.76 Billion | 100.00% |
ZongTai Real Estate Development Co Ltd Competitors by Market Cap
The table below lists competitors of ZongTai Real Estate Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfen Beheer BV
AS:ALFEN
|
$210.60 Million |
|
Young Fast Optoelectronics Co Ltd
TW:3622
|
$210.73 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$210.74 Million |
|
Hansol Technics
KO:004710
|
$210.78 Million |
|
SILICOM LTD IS-01
F:S1L
|
$210.36 Million |
|
DSC Holdings Ltd. American Depositary Shares
NASDAQ:DSC
|
$210.33 Million |
|
ThinTech Materials Technology Co Ltd
TWO:3663
|
$210.22 Million |
|
Honda India Power Products Limited
NSE:HONDAPOWER
|
$210.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZongTai 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 8,947,156,000 to 8,755,624,000, a change of -191,532,000 (-2.1%).
- Net income of 515,346,000 contributed positively to equity growth.
- Dividend payments of 711,933,000 reduced retained earnings.
- Other comprehensive income increased equity by 223,940,000.
- Other factors decreased equity by 218,885,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$515.35 Million | +5.89% |
| Dividends Paid | NT$711.93 Million | -8.13% |
| Other Comprehensive Income | NT$223.94 Million | +2.56% |
| Other Changes | NT$-218.88 Million | -2.5% |
| Total Change | NT$- | -2.14% |
Book Value vs Market Value Analysis
This analysis compares ZongTai 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: 0.77x
- 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 3.40x to 0.77x 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$4.14 | NT$14.05 | x |
| 2010-12-31 | NT$4.67 | NT$14.05 | x |
| 2011-12-31 | NT$7.59 | NT$14.05 | x |
| 2012-12-31 | NT$7.86 | NT$14.05 | x |
| 2013-12-31 | NT$8.01 | NT$14.05 | x |
| 2014-12-31 | NT$8.88 | NT$14.05 | x |
| 2015-12-31 | NT$10.64 | NT$14.05 | x |
| 2016-12-31 | NT$11.46 | NT$14.05 | x |
| 2017-12-31 | NT$11.86 | NT$14.05 | x |
| 2018-12-31 | NT$10.01 | NT$14.05 | x |
| 2019-12-31 | NT$11.26 | NT$14.05 | x |
| 2020-12-31 | NT$12.21 | NT$14.05 | x |
| 2021-12-31 | NT$11.52 | NT$14.05 | x |
| 2022-12-31 | NT$16.99 | NT$14.05 | x |
| 2023-12-31 | NT$14.34 | NT$14.05 | x |
| 2024-12-31 | NT$18.58 | NT$14.05 | x |
| 2025-12-31 | NT$18.18 | NT$14.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZongTai 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): 5.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.71%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.72x
- Recent ROE (5.89%) is below the historical average (15.25%), 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 | 10.98% | 8.29% | 0.98x | 1.35x | NT$3.58 Million |
| 2003 | 2.46% | 1.91% | 0.78x | 1.65x | NT$-28.26 Million |
| 2009 | 3.37% | 3.23% | 0.70x | 1.49x | NT$-33.24 Million |
| 2010 | -0.39% | -0.47% | 0.48x | 1.73x | NT$-106.23 Million |
| 2011 | 28.58% | 20.93% | 0.71x | 1.92x | NT$372.01 Million |
| 2012 | 20.24% | 22.74% | 0.31x | 2.84x | NT$246.56 Million |
| 2013 | 47.36% | 34.02% | 0.48x | 2.90x | NT$1.04 Billion |
| 2014 | 11.49% | 21.40% | 0.19x | 2.84x | NT$50.62 Million |
| 2015 | 16.64% | 18.24% | 0.38x | 2.42x | NT$290.35 Million |
| 2016 | 20.71% | 21.80% | 0.54x | 1.74x | NT$516.27 Million |
| 2017 | 14.96% | 23.78% | 0.30x | 2.10x | NT$247.97 Million |
| 2018 | 7.18% | 12.53% | 0.28x | 2.08x | NT$-130.75 Million |
| 2019 | 9.81% | 12.60% | 0.26x | 2.96x | NT$-9.16 Million |
| 2020 | 19.65% | 21.87% | 0.26x | 3.40x | NT$503.09 Million |
| 2021 | 12.87% | 17.42% | 0.18x | 4.10x | NT$141.66 Million |
| 2022 | 29.13% | 25.40% | 0.42x | 2.75x | NT$1.45 Billion |
| 2023 | 4.45% | 20.16% | 0.07x | 3.24x | NT$-382.64 Million |
| 2024 | 24.46% | 17.16% | 0.72x | 1.98x | NT$1.29 Billion |
| 2025 | 5.89% | 12.71% | 0.27x | 1.72x | NT$-360.22 Million |
Industry Comparison
This section compares ZongTai 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: $6,469,628,300
- Average return on equity (ROE) among peers: 10.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZongTai Real Estate Development Co Ltd (3056) | NT$8.38 Billion | 10.98% | 0.81x | $210.51 Million |
| HUA YU LIEN Development Co Ltd (1436) | $4.65 Billion | 21.62% | 0.03x | $221.12 Million |
| Advancetek Enterprise Co Ltd (1442) | $6.05 Billion | 10.66% | 1.74x | $319.59 Million |
| Better Life Group Co Ltd (1805) | $897.46 Million | 12.71% | 0.67x | $42.95 Million |
| Run Long Construction Co Ltd (1808) | $777.12 Million | 25.24% | 5.75x | $897.52 Million |
| Jean Co Ltd (2442) | $2.27 Billion | 1.17% | 1.45x | $156.95 Million |
| Cathay Real Estate Development Co Ltd (2501) | $23.22 Billion | 6.22% | 1.31x | $770.84 Million |
| Kuo Yang Construction Co Ltd (2505) | $7.33 Billion | 4.62% | 1.19x | $205.32 Million |
| Pacific Construction Co Ltd (2506) | $5.79 Billion | 8.28% | 2.27x | $95.80 Million |
| Prince Housing & Development Corp (2511) | $9.38 Billion | 0.00% | 1.16x | $428.92 Million |
| King’s Town Construction Co Ltd (2524) | $4.33 Billion | 16.13% | 1.47x | $401.84 Million |
About ZongTai Real Estate Development Co Ltd
Fu Hua Innovation Co., Ltd. engages in the development and construction of real estate properties in Taiwan. It also provides energy technology services; leases residential and commercial buildings; and operates in the restaurant industry. The company was formerly known as ZongTai Real Estate Development Co., Ltd. and changed its name to Fu Hua Innovation Co., Ltd. in July 2023. The company was f… Read more