Well Shin Technology Co Ltd (3501) - Net Assets
Based on the latest financial reports, Well Shin Technology Co Ltd (3501) has net assets worth NT$6.95 Billion TWD (≈ $219.00 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$9.62 Billion ≈ $303.00 Million USD) and total liabilities (NT$2.67 Billion ≈ $84.00 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 Well Shin Technology Co Ltd (3501) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$6.95 Billion |
| % of Total Assets | 72.28% |
| Annual Growth Rate | 3.75% |
| 5-Year Change | 16.87% |
| 10-Year Change | 23.63% |
| Growth Volatility | 4.1 |
Well Shin Technology Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Well Shin Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Well Shin Technology Co Ltd (3501) total assets for the complete picture of this company's asset base.
Annual Net Assets for Well Shin Technology Co Ltd (2008–2025)
The table below shows the annual net assets of Well Shin Technology Co Ltd from 2008 to 2025. For live valuation and market cap data, see 3501 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$6.95 Billion ≈ $219.00 Million |
-2.20% |
| 2024-12-31 | NT$7.11 Billion ≈ $223.92 Million |
+8.67% |
| 2023-12-31 | NT$6.54 Billion ≈ $206.06 Million |
-0.77% |
| 2022-12-31 | NT$6.59 Billion ≈ $207.66 Million |
+10.82% |
| 2021-12-31 | NT$5.95 Billion ≈ $187.39 Million |
+0.27% |
| 2020-12-31 | NT$5.93 Billion ≈ $186.88 Million |
+1.69% |
| 2019-12-31 | NT$5.83 Billion ≈ $183.77 Million |
-0.53% |
| 2018-12-31 | NT$5.86 Billion ≈ $184.75 Million |
+4.84% |
| 2017-12-31 | NT$5.59 Billion ≈ $176.22 Million |
-0.52% |
| 2016-12-31 | NT$5.62 Billion ≈ $177.14 Million |
-0.22% |
| 2015-12-31 | NT$5.63 Billion ≈ $177.53 Million |
+9.48% |
| 2014-12-31 | NT$5.15 Billion ≈ $162.15 Million |
+6.06% |
| 2013-12-31 | NT$4.85 Billion ≈ $152.88 Million |
+6.78% |
| 2012-12-31 | NT$4.54 Billion ≈ $143.18 Million |
+2.19% |
| 2011-12-31 | NT$4.45 Billion ≈ $140.11 Million |
+5.43% |
| 2010-12-31 | NT$4.22 Billion ≈ $132.89 Million |
+3.65% |
| 2009-12-31 | NT$4.07 Billion ≈ $128.21 Million |
+9.53% |
| 2008-12-31 | NT$3.72 Billion ≈ $117.05 Million |
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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 211.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.95 Billion | 42.43% |
| Common Stock | NT$1.18 Billion | 17.01% |
| Other Comprehensive Income | NT$1.08 Billion | 15.47% |
| Other Components | NT$1.74 Billion | 25.09% |
| Total Equity | NT$6.95 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 |
|---|---|
|
La Française de l'Energie S.A.
PA:FDE
|
$174.61 Million |
|
KPX Chemical
KO:025000
|
$174.66 Million |
|
IM Vinaria Purcari SRL
RO:WINE
|
$174.68 Million |
|
Ellington Residential Mortgage
NYSE:EARN
|
$174.70 Million |
|
Nusatrip Incorporated Common Stock
NASDAQ:NUTR
|
$174.41 Million |
|
GOCL Corporation Limited
NSE:GOCLCORP
|
$174.32 Million |
|
Seoul City Gas
KO:017390
|
$174.30 Million |
|
Kaap Agri Bedryf Employee and Farm Worker Bee Trust
JSE:KAL
|
$174.28 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 2024 to 2025, total equity changed from 7,107,434,000 to 6,951,163,000, a change of -156,271,000 (-2.2%).
- Net income of 354,488,000 contributed positively to equity growth.
- Dividend payments of 473,032,000 reduced retained earnings.
- Other comprehensive income decreased equity by 160,579,000.
- Other factors increased equity by 122,852,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$354.49 Million | +5.1% |
| Dividends Paid | NT$473.03 Million | -6.81% |
| Other Comprehensive Income | NT$-160.58 Million | -2.31% |
| Other Changes | NT$122.85 Million | +1.77% |
| Total Change | NT$- | -2.20% |
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: 0.80x
- 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 1.25x to 0.80x 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$46.85 | x |
| 2010-12-31 | NT$37.53 | NT$46.85 | x |
| 2011-12-31 | NT$39.25 | NT$46.85 | x |
| 2012-12-31 | NT$39.97 | NT$46.85 | x |
| 2013-12-31 | NT$42.18 | NT$46.85 | x |
| 2014-12-31 | NT$44.30 | NT$46.85 | x |
| 2015-12-31 | NT$47.97 | NT$46.85 | x |
| 2016-12-31 | NT$47.29 | NT$46.85 | x |
| 2017-12-31 | NT$47.14 | NT$46.85 | x |
| 2018-12-31 | NT$49.32 | NT$46.85 | x |
| 2019-12-31 | NT$49.05 | NT$46.85 | x |
| 2020-12-31 | NT$49.90 | NT$46.85 | x |
| 2021-12-31 | NT$50.08 | NT$46.85 | x |
| 2022-12-31 | NT$55.31 | NT$46.85 | x |
| 2023-12-31 | NT$54.98 | NT$46.85 | x |
| 2024-12-31 | NT$59.73 | NT$46.85 | x |
| 2025-12-31 | NT$58.83 | NT$46.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Well Shin Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.40%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.38x
- Recent ROE (5.10%) is below the historical average (9.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.10% | 5.75% | 1.06x | 1.32x | NT$-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$12.70 Million |
| 2025 | 5.10% | 6.40% | 0.58x | 1.38x | NT$-340.63 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: $6,044,751,000
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Well Shin Technology Co Ltd (3501) | NT$6.95 Billion | 8.10% | 0.38x | $174.55 Million |
| Shihlin Electric & Engineering Corp (1503) | $27.04 Billion | 6.68% | 0.67x | $3.11 Billion |
| Allis Electric Co Ltd (1514) | $3.10 Billion | 9.53% | 0.87x | $920.17 Million |
| Fortune Electric Co Ltd (1519) | $2.22 Billion | 3.49% | 0.85x | $8.84 Billion |
| Klingon Aerospace Inc (1529) | $1.72 Billion | 2.62% | 0.74x | $106.03 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $2.16 Billion | 14.61% | 0.45x | $318.00 Million |
| Chieftek Precision Co Ltd (1597) | $1.33 Billion | 5.33% | 1.05x | $394.51 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.36 Billion | 5.26% | 0.53x | $437.03 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $8.10 Billion | 5.82% | 1.52x | $794.28 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $4.96 Billion | 1.46% | 0.15x | $355.01 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.46 Billion | 0.92% | 0.49x | $283.16 Million |
About 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