Shin Zu Shing Co Ltd (3376) - Net Assets
Based on the latest financial reports, Shin Zu Shing Co Ltd (3376) has net assets worth NT$16.54 Billion TWD (≈ $521.16 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$22.83 Billion ≈ $719.25 Million USD) and total liabilities (NT$6.29 Billion ≈ $198.09 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 3376 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$16.54 Billion |
| % of Total Assets | 72.46% |
| Annual Growth Rate | 16.7% |
| 5-Year Change | 10.71% |
| 10-Year Change | 45.67% |
| Growth Volatility | 29.19 |
Shin Zu Shing Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Shin Zu Shing Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 3376 market cap overview.
Annual Net Assets for Shin Zu Shing Co Ltd (2003–2025)
The table below shows the annual net assets of Shin Zu Shing Co Ltd from 2003 to 2025. Also explore 3376 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$17.19 Billion ≈ $541.58 Million |
-4.33% |
| 2024-12-31 | NT$17.97 Billion ≈ $566.11 Million |
+15.53% |
| 2023-12-31 | NT$15.55 Billion ≈ $490.01 Million |
-2.06% |
| 2022-12-31 | NT$15.88 Billion ≈ $500.32 Million |
+2.28% |
| 2021-12-31 | NT$15.53 Billion ≈ $489.18 Million |
-1.23% |
| 2020-12-31 | NT$15.72 Billion ≈ $495.27 Million |
+16.92% |
| 2019-12-31 | NT$13.45 Billion ≈ $423.61 Million |
+5.45% |
| 2018-12-31 | NT$12.75 Billion ≈ $401.71 Million |
+6.22% |
| 2017-12-31 | NT$12.00 Billion ≈ $378.17 Million |
+1.72% |
| 2016-12-31 | NT$11.80 Billion ≈ $371.79 Million |
+0.95% |
| 2015-12-31 | NT$11.69 Billion ≈ $368.29 Million |
+7.71% |
| 2014-12-31 | NT$10.85 Billion ≈ $341.92 Million |
+9.87% |
| 2013-12-31 | NT$9.88 Billion ≈ $311.20 Million |
+4.52% |
| 2012-12-31 | NT$9.45 Billion ≈ $297.75 Million |
+22.71% |
| 2011-12-31 | NT$7.70 Billion ≈ $242.66 Million |
+3.22% |
| 2010-12-31 | NT$7.46 Billion ≈ $235.09 Million |
-3.11% |
| 2009-12-31 | NT$7.70 Billion ≈ $242.65 Million |
+35.57% |
| 2008-12-31 | NT$5.68 Billion ≈ $178.99 Million |
+25.46% |
| 2007-12-31 | NT$4.53 Billion ≈ $142.67 Million |
+29.52% |
| 2006-12-31 | NT$3.50 Billion ≈ $110.15 Million |
+71.51% |
| 2005-12-31 | NT$2.04 Billion ≈ $64.22 Million |
+118.31% |
| 2004-12-31 | NT$933.74 Million ≈ $29.42 Million |
+62.27% |
| 2003-12-31 | NT$575.42 Million ≈ $18.13 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 5102.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.43 Billion | 60.68% |
| Common Stock | NT$1.96 Billion | 11.39% |
| Other Comprehensive Income | NT$4.07 Billion | 23.68% |
| Other Components | NT$731.59 Million | 4.26% |
| Total Equity | NT$17.19 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 |
|---|---|
|
Manchester United Ltd
NYSE:MANU
|
$1.10 Billion |
|
Zhejiang Sanwei Rubber Item Co
SHG:603033
|
$1.10 Billion |
|
Alma Media Oyj
HE:ALMA
|
$1.10 Billion |
|
Chutian Dragon Co Ltd
SHE:003040
|
$1.11 Billion |
|
Shenzhen Sunmoon Microelectronics Co. Ltd. A
SHG:688699
|
$1.10 Billion |
|
S.ENER.ELEC.SP.GDR REGS 1
F:ECEA
|
$1.10 Billion |
|
Jiangsu Libert Inc
SHG:605167
|
$1.10 Billion |
|
Savara Inc
NASDAQ:SVRA
|
$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 2024 to 2025, total equity changed from 17,968,541,000 to 17,189,990,000, a change of -778,551,000 (-4.3%).
- Net income of 318,257,000 contributed positively to equity growth.
- Dividend payments of 1,174,583,000 reduced retained earnings.
- Other comprehensive income increased equity by 43,050,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$318.26 Million | +1.85% |
| Dividends Paid | NT$1.17 Billion | -6.83% |
| Other Comprehensive Income | NT$43.05 Million | +0.25% |
| Other Changes | NT$34.73 Million | +0.2% |
| Total Change | NT$- | -4.33% |
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: 2.04x
- 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 7.11x to 2.04x 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$179.00 | x |
| 2007-12-31 | NT$31.50 | NT$179.00 | x |
| 2008-12-31 | NT$36.82 | NT$179.00 | x |
| 2009-12-31 | NT$49.06 | NT$179.00 | x |
| 2010-12-31 | NT$46.21 | NT$179.00 | x |
| 2011-12-31 | NT$42.41 | NT$179.00 | x |
| 2012-12-31 | NT$51.82 | NT$179.00 | x |
| 2013-12-31 | NT$53.99 | NT$179.00 | x |
| 2014-12-31 | NT$59.26 | NT$179.00 | x |
| 2015-12-31 | NT$64.14 | NT$179.00 | x |
| 2016-12-31 | NT$64.75 | NT$179.00 | x |
| 2017-12-31 | NT$65.95 | NT$179.00 | x |
| 2018-12-31 | NT$69.89 | NT$179.00 | x |
| 2019-12-31 | NT$73.63 | NT$179.00 | x |
| 2020-12-31 | NT$84.37 | NT$179.00 | x |
| 2021-12-31 | NT$80.23 | NT$179.00 | x |
| 2022-12-31 | NT$82.44 | NT$179.00 | x |
| 2023-12-31 | NT$82.60 | NT$179.00 | x |
| 2024-12-31 | NT$93.63 | NT$179.00 | x |
| 2025-12-31 | NT$87.74 | NT$179.00 | 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): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.29x
- Recent ROE (1.85%) is below the historical average (13.15%), 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 | 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$-437.52 Million |
| 2025 | 1.85% | 2.97% | 0.48x | 1.29x | NT$-1.40 Billion |
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: $7,892,360,800
- Average return on equity (ROE) among peers: 8.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Zu Shing Co Ltd (3376) | NT$16.54 Billion | 22.65% | 0.38x | $1.10 Billion |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $72.43 Million |
| China Metal Products Co Ltd (1532) | $19.50 Billion | 16.40% | 0.93x | $299.67 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $252.22 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.50 Billion | 2.02% | 0.99x | $57.44 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $6.30 Billion | 8.59% | 0.51x | $26.73 Million |
| Solar Applied Materials Technology (1785) | $9.58 Billion | 0.00% | 1.17x | $1.82 Billion |
| Chia Yi Steel Co Ltd (2067) | $569.35 Million | 11.24% | 1.50x | $7.25 Million |
| CX Technology Corp (2415) | $1.96 Billion | 11.02% | 1.09x | $77.13 Million |
| Catcher Technology Co Ltd (2474) | $32.07 Billion | 10.35% | 0.68x | $3.42 Billion |
| Univacco Technology (3303) | $1.81 Billion | 11.55% | 0.66x | $144.69 Million |
About 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