United Renewable Energy Co Ltd Net Assets
United Renewable Energy Co Ltd net assets. Based on the latest financial reports, United Renewable Energy Co Ltd (3576) has net assets worth NT$13.11 Billion TWD (≈ $413.04 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$25.51 Billion ≈ $803.70 Million USD) and total liabilities (NT$12.40 Billion ≈ $390.66 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. Also explore 3576 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$13.11 Billion |
| % of Total Assets | 51.39% |
| Annual Growth Rate | 16.02% |
| 5-Year Change | -34.2% |
| 10-Year Change | -37.55% |
| Growth Volatility | 86.97 |
Net Assets of United Renewable Energy Co Ltd (2006–2025)
Net assets of United Renewable Energy Co Ltd from 2006 to 2025. This chart illustrates how United Renewable Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. See United Renewable Energy Co Ltd balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for United Renewable Energy Co Ltd (2006–2025)
The table below shows the annual net assets of United Renewable Energy Co Ltd from 2006 to 2025. For live market cap and overall valuation, see 3576 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$10.42 Billion ≈ $328.19 Million |
-8.00% |
| 2024-12-31 | NT$11.32 Billion ≈ $356.74 Million |
-13.60% |
| 2023-12-31 | NT$13.11 Billion ≈ $412.89 Million |
-23.34% |
| 2022-12-31 | NT$17.10 Billion ≈ $538.63 Million |
+7.98% |
| 2021-12-31 | NT$15.83 Billion ≈ $498.81 Million |
+5.38% |
| 2020-12-31 | NT$15.02 Billion ≈ $473.34 Million |
-30.07% |
| 2019-12-31 | NT$21.48 Billion ≈ $676.87 Million |
-16.74% |
| 2018-12-31 | NT$25.81 Billion ≈ $813.00 Million |
+127.60% |
| 2017-12-31 | NT$11.34 Billion ≈ $357.20 Million |
-32.03% |
| 2016-12-31 | NT$16.68 Billion ≈ $525.50 Million |
-18.06% |
| 2015-12-31 | NT$20.36 Billion ≈ $641.32 Million |
-6.30% |
| 2014-12-31 | NT$21.72 Billion ≈ $684.42 Million |
+13.08% |
| 2013-12-31 | NT$19.21 Billion ≈ $605.24 Million |
+73.36% |
| 2012-12-31 | NT$11.08 Billion ≈ $349.13 Million |
-23.91% |
| 2011-12-31 | NT$14.56 Billion ≈ $458.82 Million |
+3.40% |
| 2010-12-31 | NT$14.08 Billion ≈ $443.75 Million |
+147.21% |
| 2009-12-31 | NT$5.70 Billion ≈ $179.51 Million |
+3.46% |
| 2008-12-31 | NT$5.51 Billion ≈ $173.50 Million |
+109.21% |
| 2007-12-31 | NT$2.63 Billion ≈ $82.93 Million |
+325.71% |
| 2006-12-31 | NT$618.35 Million ≈ $19.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to United Renewable Energy 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 decreased by 132170.3% over the analyzed period, potentially due to dividend distributions or operating losses.
United Renewable Energy Co Ltd Net Assets Breakdown (December 2025)
United Renewable Energy Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$16.28 Billion | 156.76% |
| Other Comprehensive Income | NT$202.51 Million | 1.95% |
| Total Equity | NT$10.38 Billion | 100.00% |
United Renewable Energy Co Ltd Competitors by Market Cap
The table below lists competitors of United Renewable Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu General Science Tech
SHG:601500
|
$802.36 Million |
|
Asiainfo Security Technologies Corp. A
SHG:688225
|
$802.50 Million |
|
Standard Foods Corp
TW:1227
|
$802.80 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
$802.84 Million |
|
Montrose Environmental Grp
NYSE:MEG
|
$800.80 Million |
|
Dalian Sunasia Tourism Holding Co Ltd
SHG:600593
|
$800.75 Million |
|
ASRock Inc
TW:3515
|
$799.87 Million |
|
G R Infraprojects Limited
NSE:GRINFRA
|
$799.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Renewable Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,290,116,000 to 10,383,895,000, a change of -906,221,000 (-8.0%).
- Net loss of 1,246,524,000 reduced equity.
- Other comprehensive income decreased equity by 635,297,000.
- Other factors increased equity by 975,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-1.25 Billion | -12.0% |
| Other Comprehensive Income | NT$-635.30 Million | -6.12% |
| Other Changes | NT$975.60 Million | +9.4% |
| Total Change | NT$- | -8.03% |
Book Value vs Market Value Analysis
This analysis compares United Renewable Energy 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: 2.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.30x to 2.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$12.07 | NT$15.65 | x |
| 2007-12-31 | NT$30.63 | NT$15.65 | x |
| 2008-12-31 | NT$54.34 | NT$15.65 | x |
| 2009-12-31 | NT$46.87 | NT$15.65 | x |
| 2010-12-31 | NT$81.92 | NT$15.65 | x |
| 2011-12-31 | NT$64.27 | NT$15.65 | x |
| 2012-12-31 | NT$43.01 | NT$15.65 | x |
| 2013-12-31 | NT$54.67 | NT$15.65 | x |
| 2014-12-31 | NT$45.80 | NT$15.65 | x |
| 2015-12-31 | NT$40.28 | NT$15.65 | x |
| 2016-12-31 | NT$28.95 | NT$15.65 | x |
| 2017-12-31 | NT$18.96 | NT$15.65 | x |
| 2018-12-31 | NT$31.53 | NT$15.65 | x |
| 2019-12-31 | NT$14.42 | NT$15.65 | x |
| 2020-12-31 | NT$9.37 | NT$15.65 | x |
| 2021-12-31 | NT$9.91 | NT$15.65 | x |
| 2022-12-31 | NT$9.29 | NT$15.65 | x |
| 2023-12-31 | NT$7.84 | NT$15.65 | x |
| 2024-12-31 | NT$6.94 | NT$15.65 | x |
| 2025-12-31 | NT$6.41 | NT$15.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Renewable Energy Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.92%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.32x
- Recent ROE (-12.00%) is below the historical average (-11.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.51% | 2.45% | 0.41x | 1.51x | NT$-52.53 Million |
| 2007 | 20.83% | 14.97% | 0.90x | 1.55x | NT$285.12 Million |
| 2008 | 15.10% | 8.17% | 0.93x | 1.99x | NT$280.63 Million |
| 2009 | -20.05% | -11.06% | 0.88x | 2.06x | NT$-1.71 Billion |
| 2010 | 19.49% | 13.60% | 0.97x | 1.47x | NT$1.33 Billion |
| 2011 | -19.91% | -14.07% | 0.93x | 1.52x | NT$-4.35 Billion |
| 2012 | -38.26% | -34.10% | 0.58x | 1.93x | NT$-5.26 Billion |
| 2013 | 2.66% | 2.50% | 0.59x | 1.82x | NT$-1.38 Billion |
| 2014 | 1.03% | 0.79% | 0.74x | 1.76x | NT$-1.91 Billion |
| 2015 | -7.37% | -6.55% | 0.57x | 1.98x | NT$-3.43 Billion |
| 2016 | -39.28% | -38.16% | 0.45x | 2.29x | NT$-7.92 Billion |
| 2017 | -37.49% | -40.54% | 0.30x | 3.09x | NT$-5.26 Billion |
| 2018 | -1.88% | -3.61% | 0.22x | 2.34x | NT$-2.96 Billion |
| 2019 | -27.84% | -31.81% | 0.38x | 2.28x | NT$-7.84 Billion |
| 2020 | -43.22% | -49.25% | 0.39x | 2.28x | NT$-7.59 Billion |
| 2021 | -8.87% | -9.38% | 0.46x | 2.06x | NT$-2.85 Billion |
| 2022 | 6.04% | 5.28% | 0.55x | 2.08x | NT$-652.02 Million |
| 2023 | -30.50% | -31.07% | 0.44x | 2.25x | NT$-5.16 Billion |
| 2024 | -18.90% | -36.90% | 0.21x | 2.45x | NT$-3.26 Billion |
| 2025 | -12.00% | -40.92% | 0.13x | 2.32x | NT$-2.28 Billion |
Industry Comparison
This section compares United Renewable Energy Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $3,000,967,125
- Average return on equity (ROE) among peers: -7.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Renewable Energy Co Ltd (3576) | NT$13.11 Billion | 1.51% | 0.95x | $802.08 Million |
| Gigastorage Corp (2406) | $4.17 Billion | 0.00% | 0.61x | $296.84 Million |
| Danen Technology Corp (3686) | $704.78 Million | -4.16% | 0.01x | $33.26 Million |
| Gigasolar Materials (3691) | $5.36 Billion | 3.53% | 1.30x | $387.91 Million |
| Hsinjing Holding Co Ltd (3713) | $564.15 Million | -10.63% | 0.00x | $40.24 Million |
| Tainergy Tech Co Ltd (4934) | $1.81 Billion | -51.28% | 1.23x | $93.22 Million |
| Motech Industries Co Ltd (6244) | $3.29 Billion | 3.25% | 1.66x | $235.95 Million |
| TSEC Corp (6443) | $7.65 Billion | 6.89% | 0.58x | $369.97 Million |
| ANJI Technology Co. Ltd (6477) | $463.48 Million | -5.19% | 0.90x | $113.10 Million |
About United Renewable Energy Co Ltd
United Renewable Energy Co., Ltd. engages in the research, design, development, manufacture, and sale of solar cells and related systems, solar power generation modules, and wafers in Taiwan, Europe, the United States, Singapore, and internationally. It operates through the Solar Energy and Other segments. The company offers smart optimizers; inverter; solar cell, solar module, and sale and servi… Read more