Well Shin Technology Co Ltd
Well Shin Technology Co., Ltd. engages in the manufacture, wholesale, and retail of wire and cable products, electronic components, and electronic materials in Asia, the United States, Europe, and internationally. It offers locking cords, AC power cord sets, AC/DC adapter kits, and AC sockets. The company also provides AC plugs and connectors, AC plug and connector assemblies, adapters, sockets, … Read more
Well Shin Technology Co Ltd (3501) - Net Assets
Latest net assets as of September 2025: NT$6.63 Billion TWD
Based on the latest financial reports, Well Shin Technology Co Ltd (3501) has net assets worth NT$6.63 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$9.26 Billion) and total liabilities (NT$2.63 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$6.63 Billion |
| % of Total Assets | 71.6% |
| Annual Growth Rate | 4.14% |
| 5-Year Change | 19.82% |
| 10-Year Change | 26.13% |
| Growth Volatility | 3.93 |
Well Shin Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Well Shin Technology 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 Well Shin Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Well Shin Technology Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.11 Billion | +8.67% |
| 2023-12-31 | NT$6.54 Billion | -0.77% |
| 2022-12-31 | NT$6.59 Billion | +10.82% |
| 2021-12-31 | NT$5.95 Billion | +0.27% |
| 2020-12-31 | NT$5.93 Billion | +1.69% |
| 2019-12-31 | NT$5.83 Billion | -0.53% |
| 2018-12-31 | NT$5.86 Billion | +4.84% |
| 2017-12-31 | NT$5.59 Billion | -0.52% |
| 2016-12-31 | NT$5.62 Billion | -0.22% |
| 2015-12-31 | NT$5.63 Billion | +9.48% |
| 2014-12-31 | NT$5.15 Billion | +6.06% |
| 2013-12-31 | NT$4.85 Billion | +6.78% |
| 2012-12-31 | NT$4.54 Billion | +2.19% |
| 2011-12-31 | NT$4.45 Billion | +5.43% |
| 2010-12-31 | NT$4.22 Billion | +3.65% |
| 2009-12-31 | NT$4.07 Billion | +9.53% |
| 2008-12-31 | NT$3.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Well Shin Technology 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 211.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.94 Billion | 41.44% |
| Common Stock | NT$1.18 Billion | 16.64% |
| Other Comprehensive Income | NT$1.24 Billion | 17.39% |
| Other Components | NT$1.74 Billion | 24.54% |
| Total Equity | NT$7.11 Billion | 100.00% |
Well Shin Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Well Shin Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vakif Finansal Kiralama AS
IS:VAKFN
|
$101.47 Million |
|
Borosil Limited
NSE:BOROLTD
|
$101.49 Million |
|
Tung Thih Electronic Co Ltd
TWO:3552
|
$101.51 Million |
|
Shanghai Taihe Water Environmental Technology Development Co Ltd
SHG:605081
|
$101.51 Million |
|
KVH Industries Inc
NASDAQ:KVHI
|
$101.45 Million |
|
Sapien Semiconductors Inc.
KQ:452430
|
$101.34 Million |
|
Shin Shin Natural Gas Co Ltd
TW:9918
|
$101.34 Million |
|
SKP Resources Bhd
KLSE:7155
|
$101.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Well Shin Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,540,599,000 to 7,107,434,000, a change of 566,835,000 (8.7%).
- Net income of 723,444,000 contributed positively to equity growth.
- Dividend payments of 354,774,000 reduced retained earnings.
- Other comprehensive income increased equity by 331,319,000.
- Other factors decreased equity by 133,154,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$723.44 Million | +10.18% |
| Dividends Paid | NT$354.77 Million | -4.99% |
| Other Comprehensive Income | NT$331.32 Million | +4.66% |
| Other Changes | NT$-133.15 Million | -1.87% |
| Total Change | NT$- | 8.67% |
Book Value vs Market Value Analysis
This analysis compares Well Shin Technology 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: 0.82x
- 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 1.31x to 0.82x 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$37.56 | NT$49.15 | x |
| 2010-12-31 | NT$37.53 | NT$49.15 | x |
| 2011-12-31 | NT$39.25 | NT$49.15 | x |
| 2012-12-31 | NT$39.97 | NT$49.15 | x |
| 2013-12-31 | NT$42.18 | NT$49.15 | x |
| 2014-12-31 | NT$44.30 | NT$49.15 | x |
| 2015-12-31 | NT$47.97 | NT$49.15 | x |
| 2016-12-31 | NT$47.29 | NT$49.15 | x |
| 2017-12-31 | NT$47.14 | NT$49.15 | x |
| 2018-12-31 | NT$49.32 | NT$49.15 | x |
| 2019-12-31 | NT$49.05 | NT$49.15 | x |
| 2020-12-31 | NT$49.90 | NT$49.15 | x |
| 2021-12-31 | NT$50.08 | NT$49.15 | x |
| 2022-12-31 | NT$55.31 | NT$49.15 | x |
| 2023-12-31 | NT$54.98 | NT$49.15 | x |
| 2024-12-31 | NT$59.73 | NT$49.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Well Shin Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.22%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.29x
- Recent ROE (10.18%) is above the historical average (10.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.10% | 5.75% | 1.06x | 1.32x | NT$-70.37 Million |
| 2009 | 12.69% | 12.17% | 0.80x | 1.30x | NT$109.33 Million |
| 2010 | 13.98% | 10.88% | 0.96x | 1.34x | NT$168.04 Million |
| 2011 | 10.08% | 8.72% | 0.87x | 1.32x | NT$3.66 Million |
| 2012 | 10.88% | 9.37% | 0.89x | 1.31x | NT$40.12 Million |
| 2013 | 9.81% | 9.03% | 0.88x | 1.24x | NT$-9.10 Million |
| 2014 | 8.91% | 8.57% | 0.79x | 1.32x | NT$-56.02 Million |
| 2015 | 13.01% | 13.55% | 0.75x | 1.28x | NT$169.93 Million |
| 2016 | 12.46% | 14.26% | 0.68x | 1.28x | NT$138.55 Million |
| 2017 | 9.41% | 10.57% | 0.60x | 1.48x | NT$-33.12 Million |
| 2018 | 12.05% | 12.82% | 0.66x | 1.41x | NT$120.34 Million |
| 2019 | 8.92% | 10.71% | 0.63x | 1.33x | NT$-62.82 Million |
| 2020 | 7.15% | 9.10% | 0.59x | 1.32x | NT$-169.09 Million |
| 2021 | 5.81% | 6.19% | 0.67x | 1.40x | NT$-249.47 Million |
| 2022 | 11.52% | 12.33% | 0.71x | 1.32x | NT$100.40 Million |
| 2023 | 7.76% | 9.52% | 0.65x | 1.26x | NT$-146.55 Million |
| 2024 | 10.18% | 12.22% | 0.64x | 1.29x | NT$12.70 Million |
Industry Comparison
This section compares Well Shin Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Well Shin Technology Co Ltd (3501) | NT$6.63 Billion | 8.10% | 0.40x | $101.45 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |