Shenmao Technology Inc
Shenmao Technology Inc, together with its subsidiaries, manufactures and sells solder materials in the Taiwan, Mainland China, Thailand, Malaysia, and internationally. The company offers SMT assembly materials, including tin lead, lead-free, water soluble, package on package, low temperature, and halogen free solder pastes, as well as adhesives; and semiconductor packaging products, such as BGA s… Read more
Shenmao Technology Inc (3305) - Net Assets
Latest net assets as of September 2025: NT$5.35 Billion TWD
Based on the latest financial reports, Shenmao Technology Inc (3305) has net assets worth NT$5.35 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$11.73 Billion) and total liabilities (NT$6.38 Billion). 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$5.35 Billion |
| % of Total Assets | 45.6% |
| Annual Growth Rate | 12.68% |
| 5-Year Change | 35.68% |
| 10-Year Change | 23.83% |
| Growth Volatility | 23.28 |
Shenmao Technology Inc - Net Assets Trend (2003–2024)
This chart illustrates how Shenmao Technology Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenmao Technology Inc (2003–2024)
The table below shows the annual net assets of Shenmao Technology Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.98 Billion | +5.22% |
| 2023-12-31 | NT$4.73 Billion | +0.28% |
| 2022-12-31 | NT$4.72 Billion | +6.33% |
| 2021-12-31 | NT$4.44 Billion | +20.94% |
| 2020-12-31 | NT$3.67 Billion | +3.02% |
| 2019-12-31 | NT$3.56 Billion | -2.13% |
| 2018-12-31 | NT$3.64 Billion | -2.95% |
| 2017-12-31 | NT$3.75 Billion | -5.17% |
| 2016-12-31 | NT$3.96 Billion | -1.63% |
| 2015-12-31 | NT$4.02 Billion | -5.27% |
| 2014-12-31 | NT$4.25 Billion | +9.18% |
| 2013-12-31 | NT$3.89 Billion | +6.02% |
| 2012-12-31 | NT$3.67 Billion | -1.59% |
| 2011-12-31 | NT$3.73 Billion | +23.56% |
| 2010-12-31 | NT$3.02 Billion | +3.47% |
| 2009-12-31 | NT$2.92 Billion | +43.67% |
| 2008-12-31 | NT$2.03 Billion | +8.90% |
| 2007-12-31 | NT$1.86 Billion | +15.63% |
| 2006-12-31 | NT$1.61 Billion | +85.68% |
| 2005-12-31 | NT$868.04 Million | +64.27% |
| 2004-12-31 | NT$528.43 Million | +30.20% |
| 2003-12-31 | NT$405.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenmao Technology Inc'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 3918.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.61 Billion | 32.44% |
| Common Stock | NT$1.34 Billion | 27.06% |
| Other Comprehensive Income | NT$756.45 Million | 15.25% |
| Other Components | NT$1.25 Billion | 25.26% |
| Total Equity | NT$4.96 Billion | 100.00% |
Shenmao Technology Inc Competitors by Market Cap
The table below lists competitors of Shenmao Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BTS Group AB (publ)
OTCGREY:BGPBF
|
$296.77 Million |
|
Tubacex S.A
MC:TUB
|
$296.98 Million |
|
Shaanxi Panlong Pharmaceutical Group Limited By Share Ltd Class A
SHE:002864
|
$296.99 Million |
|
Oma Saastopankki Oyj
HE:OMASP
|
$297.09 Million |
|
SG Fleet Group Ltd
AU:SGF
|
$296.64 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$296.54 Million |
|
Yantai Longyuan Power Tech
SHE:300105
|
$296.51 Million |
|
Betterware de México, S.A.P.I. de C.V.
NYSE:BWMX
|
$296.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenmao Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,710,885,000 to 4,961,523,000, a change of 250,638,000 (5.3%).
- Net income of 409,200,000 contributed positively to equity growth.
- Dividend payments of 264,177,000 reduced retained earnings.
- Other comprehensive income increased equity by 156,401,000.
- Other factors decreased equity by 50,786,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$409.20 Million | +8.25% |
| Dividends Paid | NT$264.18 Million | -5.32% |
| Other Comprehensive Income | NT$156.40 Million | +3.15% |
| Other Changes | NT$-50.79 Million | -1.02% |
| Total Change | NT$- | 5.32% |
Book Value vs Market Value Analysis
This analysis compares Shenmao Technology Inc'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: 3.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.05x to 3.11x 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$26.65 | NT$108.00 | x |
| 2010-12-31 | NT$27.94 | NT$108.00 | x |
| 2011-12-31 | NT$29.76 | NT$108.00 | x |
| 2012-12-31 | NT$28.76 | NT$108.00 | x |
| 2013-12-31 | NT$30.50 | NT$108.00 | x |
| 2014-12-31 | NT$33.10 | NT$108.00 | x |
| 2015-12-31 | NT$32.89 | NT$108.00 | x |
| 2016-12-31 | NT$33.07 | NT$108.00 | x |
| 2017-12-31 | NT$31.02 | NT$108.00 | x |
| 2018-12-31 | NT$29.93 | NT$108.00 | x |
| 2019-12-31 | NT$29.83 | NT$108.00 | x |
| 2020-12-31 | NT$30.75 | NT$108.00 | x |
| 2021-12-31 | NT$33.34 | NT$108.00 | x |
| 2022-12-31 | NT$35.51 | NT$108.00 | x |
| 2023-12-31 | NT$35.59 | NT$108.00 | x |
| 2024-12-31 | NT$34.70 | NT$108.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenmao Technology Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.98%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.94x
- Recent ROE (8.25%) is below the historical average (11.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 9.59% | 3.61% | 1.24x | 2.14x | NT$-1.66 Million |
| 2004 | 26.79% | 8.43% | 1.28x | 2.49x | NT$88.70 Million |
| 2005 | 23.56% | 9.74% | 1.11x | 2.18x | NT$117.67 Million |
| 2006 | 24.82% | 10.84% | 1.13x | 2.03x | NT$238.88 Million |
| 2007 | 19.86% | 7.45% | 1.14x | 2.34x | NT$183.79 Million |
| 2008 | 12.84% | 4.58% | 1.40x | 2.00x | NT$57.55 Million |
| 2009 | 14.09% | 7.49% | 1.12x | 1.68x | NT$116.67 Million |
| 2010 | 13.23% | 5.37% | 1.34x | 1.84x | NT$96.91 Million |
| 2011 | 13.80% | 5.66% | 1.42x | 1.72x | NT$141.59 Million |
| 2012 | 9.60% | 4.97% | 1.27x | 1.52x | NT$-14.62 Million |
| 2013 | 9.10% | 6.03% | 0.96x | 1.58x | NT$-35.05 Million |
| 2014 | 7.20% | 5.30% | 0.87x | 1.56x | NT$-118.81 Million |
| 2015 | 2.82% | 2.38% | 0.73x | 1.62x | NT$-287.04 Million |
| 2016 | 6.34% | 5.13% | 0.75x | 1.66x | NT$-142.06 Million |
| 2017 | 2.48% | 1.73% | 0.79x | 1.81x | NT$-276.28 Million |
| 2018 | 1.18% | 0.77% | 0.84x | 1.81x | NT$-314.80 Million |
| 2019 | 4.76% | 3.24% | 0.82x | 1.79x | NT$-186.19 Million |
| 2020 | 4.88% | 3.38% | 0.80x | 1.82x | NT$-186.91 Million |
| 2021 | 13.85% | 7.40% | 0.98x | 1.91x | NT$170.18 Million |
| 2022 | 11.30% | 6.31% | 1.07x | 1.68x | NT$61.05 Million |
| 2023 | 4.87% | 3.75% | 0.75x | 1.73x | NT$-241.46 Million |
| 2024 | 8.25% | 4.98% | 0.85x | 1.94x | NT$-86.95 Million |
Industry Comparison
This section compares Shenmao Technology Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenmao Technology Inc (3305) | NT$5.35 Billion | 9.59% | 1.19x | $296.69 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |