Shin Zu Shing Co Ltd
Shin Zu Shing Co., Ltd. engages in the research, design, development, production, assembly, testing, manufacturing, and trading of various precision springs, stamping parts, hinge components, CNC lathes, and metal injection molding in Taiwan, Singapore, and China. It also produces and sells precision bearings, key brain components, computer peripherals, LCD monitor base bracket, switch shaft and … Read more
Shin Zu Shing Co Ltd (3376) - Net Assets
Latest net assets as of September 2025: NT$16.88 Billion TWD
Based on the latest financial reports, Shin Zu Shing Co Ltd (3376) has net assets worth NT$16.88 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$21.54 Billion) and total liabilities (NT$4.66 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$16.88 Billion |
| % of Total Assets | 78.36% |
| Annual Growth Rate | 17.8% |
| 5-Year Change | 14.3% |
| 10-Year Change | 53.71% |
| Growth Volatility | 29.4 |
Shin Zu Shing Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shin Zu Shing Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shin Zu Shing Co Ltd (2003–2024)
The table below shows the annual net assets of Shin Zu Shing Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$17.97 Billion | +15.53% |
| 2023-12-31 | NT$15.55 Billion | -2.06% |
| 2022-12-31 | NT$15.88 Billion | +2.28% |
| 2021-12-31 | NT$15.53 Billion | -1.23% |
| 2020-12-31 | NT$15.72 Billion | +16.92% |
| 2019-12-31 | NT$13.45 Billion | +5.45% |
| 2018-12-31 | NT$12.75 Billion | +6.22% |
| 2017-12-31 | NT$12.00 Billion | +1.72% |
| 2016-12-31 | NT$11.80 Billion | +0.95% |
| 2015-12-31 | NT$11.69 Billion | +7.71% |
| 2014-12-31 | NT$10.85 Billion | +9.87% |
| 2013-12-31 | NT$9.88 Billion | +4.52% |
| 2012-12-31 | NT$9.45 Billion | +22.71% |
| 2011-12-31 | NT$7.70 Billion | +3.22% |
| 2010-12-31 | NT$7.46 Billion | -3.11% |
| 2009-12-31 | NT$7.70 Billion | +35.57% |
| 2008-12-31 | NT$5.68 Billion | +25.46% |
| 2007-12-31 | NT$4.53 Billion | +29.52% |
| 2006-12-31 | NT$3.50 Billion | +71.51% |
| 2005-12-31 | NT$2.04 Billion | +118.31% |
| 2004-12-31 | NT$933.74 Million | +62.27% |
| 2003-12-31 | NT$575.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shin Zu Shing 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 5219.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.67 Billion | 59.36% |
| Common Stock | NT$1.96 Billion | 10.89% |
| Other Comprehensive Income | NT$4.03 Billion | 22.41% |
| Other Components | NT$1.32 Billion | 7.34% |
| Total Equity | NT$17.97 Billion | 100.00% |
Shin Zu Shing Co Ltd Competitors by Market Cap
The table below lists competitors of Shin Zu Shing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genting Malaysia Bhd
KLSE:4715
|
$1.10 Billion |
|
Home Product Center Public Company Limited
PINK:HPCRF
|
$1.10 Billion |
|
Hunan Kaimeite Gases Co Ltd
SHE:002549
|
$1.10 Billion |
|
Technogym S.p.A
PINK:TCCHF
|
$1.10 Billion |
|
Magyar Telekom Plc
PINK:MYTAY
|
$1.10 Billion |
|
Xiamen ITG Group Corp Ltd
SHG:600755
|
$1.10 Billion |
|
1AH
F:1AH
|
$1.10 Billion |
|
Elan Microelectronics Corp
TW:2458
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Zu Shing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,553,258,000 to 17,968,541,000, a change of 2,415,283,000 (15.5%).
- Net income of 1,359,332,000 contributed positively to equity growth.
- Dividend payments of 750,994,000 reduced retained earnings.
- New share issuances of 1,360,000,000 increased equity.
- Other comprehensive income increased equity by 4,373,016,000.
- Other factors decreased equity by 3,926,071,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.36 Billion | +7.57% |
| Dividends Paid | NT$750.99 Million | -4.18% |
| Share Issuances | NT$1.36 Billion | +7.57% |
| Other Comprehensive Income | NT$4.37 Billion | +24.34% |
| Other Changes | NT$-3.93 Billion | -21.85% |
| Total Change | NT$- | 15.53% |
Book Value vs Market Value Analysis
This analysis compares Shin Zu Shing 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: 2.39x
- 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 8.90x to 2.39x 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$25.18 | NT$224.00 | x |
| 2007-12-31 | NT$31.50 | NT$224.00 | x |
| 2008-12-31 | NT$36.82 | NT$224.00 | x |
| 2009-12-31 | NT$49.06 | NT$224.00 | x |
| 2010-12-31 | NT$46.21 | NT$224.00 | x |
| 2011-12-31 | NT$42.41 | NT$224.00 | x |
| 2012-12-31 | NT$51.82 | NT$224.00 | x |
| 2013-12-31 | NT$53.99 | NT$224.00 | x |
| 2014-12-31 | NT$59.26 | NT$224.00 | x |
| 2015-12-31 | NT$64.14 | NT$224.00 | x |
| 2016-12-31 | NT$64.75 | NT$224.00 | x |
| 2017-12-31 | NT$65.95 | NT$224.00 | x |
| 2018-12-31 | NT$69.89 | NT$224.00 | x |
| 2019-12-31 | NT$73.63 | NT$224.00 | x |
| 2020-12-31 | NT$84.37 | NT$224.00 | x |
| 2021-12-31 | NT$80.23 | NT$224.00 | x |
| 2022-12-31 | NT$82.44 | NT$224.00 | x |
| 2023-12-31 | NT$82.60 | NT$224.00 | x |
| 2024-12-31 | NT$93.63 | NT$224.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Zu Shing 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): 7.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.20%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.29x
- Recent ROE (7.57%) is below the historical average (13.66%), 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 | 22.65% | 9.99% | 1.33x | 1.71x | NT$72.81 Million |
| 2004 | 22.55% | 11.37% | 1.13x | 1.75x | NT$117.18 Million |
| 2005 | 27.88% | 19.38% | 0.90x | 1.60x | NT$364.56 Million |
| 2006 | 27.07% | 23.44% | 0.77x | 1.49x | NT$596.89 Million |
| 2007 | 26.84% | 23.64% | 0.72x | 1.57x | NT$762.46 Million |
| 2008 | 20.87% | 18.51% | 0.61x | 1.84x | NT$617.49 Million |
| 2009 | 18.73% | 20.52% | 0.61x | 1.50x | NT$672.32 Million |
| 2010 | 9.96% | 11.13% | 0.59x | 1.52x | NT$-3.22 Million |
| 2011 | 4.68% | 4.62% | 0.61x | 1.65x | NT$-409.42 Million |
| 2012 | 10.39% | 12.07% | 0.58x | 1.49x | NT$37.20 Million |
| 2013 | 8.85% | 11.25% | 0.58x | 1.35x | NT$-113.06 Million |
| 2014 | 10.47% | 14.36% | 0.55x | 1.32x | NT$50.76 Million |
| 2015 | 13.80% | 19.08% | 0.50x | 1.46x | NT$443.83 Million |
| 2016 | 9.29% | 13.52% | 0.50x | 1.37x | NT$-84.30 Million |
| 2017 | 6.10% | 8.46% | 0.53x | 1.35x | NT$-467.74 Million |
| 2018 | 9.34% | 12.35% | 0.56x | 1.36x | NT$-83.59 Million |
| 2019 | 9.65% | 10.98% | 0.61x | 1.45x | NT$-46.60 Million |
| 2020 | 10.64% | 10.98% | 0.68x | 1.43x | NT$100.97 Million |
| 2021 | 7.53% | 9.63% | 0.57x | 1.38x | NT$-383.08 Million |
| 2022 | 10.45% | 14.03% | 0.55x | 1.35x | NT$71.14 Million |
| 2023 | 5.19% | 8.02% | 0.47x | 1.39x | NT$-747.92 Million |
| 2024 | 7.57% | 10.20% | 0.57x | 1.29x | NT$-437.52 Million |
Industry Comparison
This section compares Shin Zu Shing Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Zu Shing Co Ltd (3376) | NT$16.88 Billion | 22.65% | 0.28x | $1.10 Billion |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |