Li Cheng Enterprise Co Ltd
Li Cheng Enterprise Co., Ltd. manufactures and sells spacer fabrics in Taiwan, Vietnam, China, and internationally. It offers polyester and nylon monofilaments; and other materials, such as PP and other products used in sport shoes, casual shoes, bags, hats, lingerie, apparel, mattress, sports/medical equipment, and car textiles fields. Li Cheng Enterprise Co., Ltd. was formerly known as Li-Guan … Read more
Li Cheng Enterprise Co Ltd (4426) - Net Assets
Latest net assets as of September 2025: NT$1.97 Billion TWD
Based on the latest financial reports, Li Cheng Enterprise Co Ltd (4426) has net assets worth NT$1.97 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$4.31 Billion) and total liabilities (NT$2.34 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$1.97 Billion |
| % of Total Assets | 45.74% |
| Annual Growth Rate | 7.36% |
| 5-Year Change | -22.38% |
| 10-Year Change | 20.89% |
| Growth Volatility | 12.55 |
Li Cheng Enterprise Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Li Cheng Enterprise 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 Li Cheng Enterprise Co Ltd (2004–2024)
The table below shows the annual net assets of Li Cheng Enterprise Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.42 Billion | -9.05% |
| 2023-12-31 | NT$2.66 Billion | -1.44% |
| 2022-12-31 | NT$2.70 Billion | -1.10% |
| 2021-12-31 | NT$2.73 Billion | -12.44% |
| 2020-12-31 | NT$3.11 Billion | -6.32% |
| 2019-12-31 | NT$3.33 Billion | +9.42% |
| 2018-12-31 | NT$3.04 Billion | +8.96% |
| 2017-12-31 | NT$2.79 Billion | +5.15% |
| 2016-12-31 | NT$2.65 Billion | +32.60% |
| 2015-12-31 | NT$2.00 Billion | +38.85% |
| 2014-12-31 | NT$1.44 Billion | +19.91% |
| 2013-12-31 | NT$1.20 Billion | +16.37% |
| 2012-12-31 | NT$1.03 Billion | +15.04% |
| 2011-12-31 | NT$897.40 Million | +4.70% |
| 2010-12-31 | NT$857.10 Million | +15.66% |
| 2009-12-31 | NT$741.04 Million | +7.01% |
| 2008-12-31 | NT$692.50 Million | +7.47% |
| 2007-12-31 | NT$644.36 Million | +4.41% |
| 2006-12-31 | NT$617.15 Million | +10.07% |
| 2005-12-31 | NT$560.67 Million | -4.06% |
| 2004-12-31 | NT$584.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Li Cheng Enterprise 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 177.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$261.42 Million | 10.81% |
| Common Stock | NT$1.73 Billion | 71.42% |
| Other Comprehensive Income | NT$396.56 Million | 16.40% |
| Other Components | NT$32.90 Million | 1.36% |
| Total Equity | NT$2.42 Billion | 100.00% |
Li Cheng Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Li Cheng Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rich Sparkle Holdings Limited Ordinary Shares
NASDAQ:ANPA
|
$31.42 Million |
|
Schoolblazer Limited
AU:SBZ
|
$31.42 Million |
|
Volt Lithium Corp.
OTCQB:VLTLF
|
$31.43 Million |
|
My Humble House Hospitality Management Consulting Co Ltd
TW:2739
|
$31.43 Million |
|
Romerike Sparebank
OL:ROMER
|
$31.41 Million |
|
Kron Telekomunikasyon Hizmetleri AS
IS:KRONT
|
$31.40 Million |
|
PGG Wrightson Limited
PINK:PGWFF
|
$31.40 Million |
|
Enterprise Diversified Inc
OTCQB:ENDI
|
$31.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Li Cheng Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,658,366,000 to 2,417,643,000, a change of -240,723,000 (-9.1%).
- Net loss of 235,378,000 reduced equity.
- Other comprehensive income increased equity by 375,981,000.
- Other factors decreased equity by 381,326,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-235.38 Million | -9.74% |
| Other Comprehensive Income | NT$375.98 Million | +15.55% |
| Other Changes | NT$-381.33 Million | -15.77% |
| Total Change | NT$- | -9.06% |
Book Value vs Market Value Analysis
This analysis compares Li Cheng Enterprise 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: 0.65x
- 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 2.05x to 0.65x 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$4.43 | NT$9.07 | x |
| 2010-12-31 | NT$5.26 | NT$9.07 | x |
| 2011-12-31 | NT$5.35 | NT$9.07 | x |
| 2012-12-31 | NT$6.43 | NT$9.07 | x |
| 2013-12-31 | NT$7.62 | NT$9.07 | x |
| 2014-12-31 | NT$8.27 | NT$9.07 | x |
| 2015-12-31 | NT$11.53 | NT$9.07 | x |
| 2016-12-31 | NT$15.31 | NT$9.07 | x |
| 2017-12-31 | NT$16.11 | NT$9.07 | x |
| 2018-12-31 | NT$17.57 | NT$9.07 | x |
| 2019-12-31 | NT$19.23 | NT$9.07 | x |
| 2020-12-31 | NT$18.04 | NT$9.07 | x |
| 2021-12-31 | NT$15.79 | NT$9.07 | x |
| 2022-12-31 | NT$15.62 | NT$9.07 | x |
| 2023-12-31 | NT$15.40 | NT$9.07 | x |
| 2024-12-31 | NT$14.00 | NT$9.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Li Cheng Enterprise 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): -9.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.27%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.91x
- Recent ROE (-9.74%) is below the historical average (8.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.09% | 22.91% | 0.53x | 1.33x | NT$35.58 Million |
| 2005 | 7.73% | 10.73% | 0.52x | 1.38x | NT$-12.75 Million |
| 2006 | 3.59% | 5.61% | 0.44x | 1.46x | NT$-39.54 Million |
| 2007 | 4.66% | 7.15% | 0.46x | 1.43x | NT$-34.41 Million |
| 2008 | 9.09% | 12.24% | 0.54x | 1.39x | NT$-6.29 Million |
| 2009 | 8.70% | 12.14% | 0.48x | 1.49x | NT$-9.65 Million |
| 2010 | 14.73% | 17.92% | 0.58x | 1.41x | NT$40.52 Million |
| 2011 | 6.39% | 9.27% | 0.46x | 1.49x | NT$-32.36 Million |
| 2012 | 14.17% | 14.28% | 0.60x | 1.67x | NT$43.03 Million |
| 2013 | 16.29% | 16.38% | 0.64x | 1.54x | NT$75.52 Million |
| 2014 | 18.69% | 19.50% | 0.62x | 1.54x | NT$125.14 Million |
| 2015 | 30.33% | 27.76% | 0.71x | 1.54x | NT$406.70 Million |
| 2016 | 26.67% | 28.55% | 0.59x | 1.58x | NT$442.15 Million |
| 2017 | 7.40% | 10.87% | 0.42x | 1.63x | NT$-72.65 Million |
| 2018 | 10.14% | 15.06% | 0.42x | 1.60x | NT$4.30 Million |
| 2019 | 10.95% | 15.82% | 0.46x | 1.51x | NT$31.53 Million |
| 2020 | -3.49% | -8.93% | 0.25x | 1.59x | NT$-420.14 Million |
| 2021 | -13.62% | -57.80% | 0.13x | 1.82x | NT$-644.30 Million |
| 2022 | -2.95% | -5.68% | 0.28x | 1.82x | NT$-349.23 Million |
| 2023 | -1.57% | -3.24% | 0.27x | 1.79x | NT$-307.64 Million |
| 2024 | -9.74% | -24.27% | 0.21x | 1.91x | NT$-477.14 Million |
Industry Comparison
This section compares Li Cheng Enterprise Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $32,872,455,100
- Average return on equity (ROE) among peers: 1.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Li Cheng Enterprise Co Ltd (4426) | NT$1.97 Billion | 16.09% | 1.19x | $31.41 Million |
| San Fang Chemical Industry Co Ltd (1307) | $8.38 Billion | 10.75% | 0.72x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.22 Billion | 22.98% | 0.75x | $17.94 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $153.95 Million |
| Far Eastern New Century Corp (1402) | $271.67 Billion | 4.91% | 1.42x | $3.01 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $32.72 Billion | 2.29% | 2.96x | $534.22 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.37 Billion | 7.09% | 0.22x | $41.30 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $1.85 Billion | 0.00% | 1.03x | $18.36 Million |
| Tung Ho Textile Co Ltd (1414) | $3.12 Billion | 1.88% | 0.42x | $47.32 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $303.99 Million | -59.56% | 4.83x | $10.26 Million |
| Shinkong Textile Co Ltd (1419) | $7.32 Billion | 1.42% | 0.57x | $311.78 Million |