Cheng Mei Materials Technology Corp
Cheng Mei Materials Technology Corporation manufactures and sells optoelectronic material and components in Taiwan and Mainland China. It offers optical structure embossing adhesive and transparent adhesive for mini LEDs; optical adhesive and film application; polarizers for handheld devices, automotive and public displays, desktop LCD, and energy savings applications; and mobile device displays … Read more
Cheng Mei Materials Technology Corp (4960) - Net Assets
Latest net assets as of September 2025: NT$7.54 Billion TWD
Based on the latest financial reports, Cheng Mei Materials Technology Corp (4960) has net assets worth NT$7.54 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$13.94 Billion) and total liabilities (NT$6.39 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$7.54 Billion |
| % of Total Assets | 54.13% |
| Annual Growth Rate | 4.55% |
| 5-Year Change | -7.45% |
| 10-Year Change | -31.14% |
| Growth Volatility | 16.2 |
Cheng Mei Materials Technology Corp - Net Assets Trend (2009–2024)
This chart illustrates how Cheng Mei Materials Technology Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cheng Mei Materials Technology Corp (2009–2024)
The table below shows the annual net assets of Cheng Mei Materials Technology Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.91 Billion | -2.99% |
| 2023-12-31 | NT$9.18 Billion | -16.33% |
| 2022-12-31 | NT$10.97 Billion | +4.75% |
| 2021-12-31 | NT$10.47 Billion | +8.85% |
| 2020-12-31 | NT$9.62 Billion | -0.55% |
| 2019-12-31 | NT$9.67 Billion | -32.16% |
| 2018-12-31 | NT$14.26 Billion | +7.38% |
| 2017-12-31 | NT$13.28 Billion | +2.17% |
| 2016-12-31 | NT$13.00 Billion | +0.51% |
| 2015-12-31 | NT$12.93 Billion | -1.58% |
| 2014-12-31 | NT$13.14 Billion | +19.32% |
| 2013-12-31 | NT$11.01 Billion | +18.06% |
| 2012-12-31 | NT$9.33 Billion | +26.74% |
| 2011-12-31 | NT$7.36 Billion | +20.17% |
| 2010-12-31 | NT$6.13 Billion | +34.10% |
| 2009-12-31 | NT$4.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cheng Mei Materials Technology Corp'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 568.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$3.03 Billion | 33.98% |
| Common Stock | NT$5.72 Billion | 64.20% |
| Other Comprehensive Income | NT$-429.44 Million | -4.82% |
| Other Components | NT$591.41 Million | 6.64% |
| Total Equity | NT$8.91 Billion | 100.00% |
Cheng Mei Materials Technology Corp Competitors by Market Cap
The table below lists competitors of Cheng Mei Materials Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intracom Holdings S.A.
AT:INTRK
|
$232.64 Million |
|
CoCreation Grass Co Ltd
SHG:605099
|
$232.64 Million |
|
Shunfa Hengye Corp
SHE:000631
|
$232.85 Million |
|
Leedarson IoT Technology Inc
SHG:605365
|
$232.89 Million |
|
Shui On Land Limited
F:OL5
|
$232.56 Million |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
$232.55 Million |
|
Ningbo Sinyuan ZM Technology Co. Ltd. A
SHE:301398
|
$232.52 Million |
|
Jiangsu Liba Enterprise Joint-Stock Co Ltd
SHG:603519
|
$232.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheng Mei Materials Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,179,458,000 to 8,905,215,000, a change of -274,243,000 (-3.0%).
- Net loss of 266,913,000 reduced equity.
- Other comprehensive income decreased equity by 1,578,523,000.
- Other factors increased equity by 1,571,193,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-266.91 Million | -3.0% |
| Other Comprehensive Income | NT$-1.58 Billion | -17.73% |
| Other Changes | NT$1.57 Billion | +17.64% |
| Total Change | NT$- | -2.99% |
Book Value vs Market Value Analysis
This analysis compares Cheng Mei Materials Technology Corp'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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$15.90 | NT$26.15 | x |
| 2010-12-31 | NT$16.06 | NT$26.15 | x |
| 2011-12-31 | NT$19.29 | NT$26.15 | x |
| 2012-12-31 | NT$22.34 | NT$26.15 | x |
| 2013-12-31 | NT$24.81 | NT$26.15 | x |
| 2014-12-31 | NT$29.65 | NT$26.15 | x |
| 2015-12-31 | NT$28.86 | NT$26.15 | x |
| 2016-12-31 | NT$24.44 | NT$26.15 | x |
| 2017-12-31 | NT$23.78 | NT$26.15 | x |
| 2018-12-31 | NT$18.67 | NT$26.15 | x |
| 2019-12-31 | NT$17.07 | NT$26.15 | x |
| 2020-12-31 | NT$17.01 | NT$26.15 | x |
| 2021-12-31 | NT$18.45 | NT$26.15 | x |
| 2022-12-31 | NT$19.23 | NT$26.15 | x |
| 2023-12-31 | NT$15.65 | NT$26.15 | x |
| 2024-12-31 | NT$15.68 | NT$26.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheng Mei Materials Technology Corp 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): -3.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.99%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.62x
- Recent ROE (-3.00%) is below the historical average (5.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 20.46% | 8.18% | 0.81x | 3.07x | NT$477.73 Million |
| 2010 | 26.83% | 10.06% | 1.06x | 2.51x | NT$1.03 Billion |
| 2011 | 19.41% | 7.52% | 0.98x | 2.62x | NT$692.77 Million |
| 2012 | 17.44% | 7.99% | 1.14x | 1.92x | NT$687.45 Million |
| 2013 | 22.39% | 13.70% | 1.13x | 1.45x | NT$1.35 Billion |
| 2014 | 17.22% | 14.21% | 0.88x | 1.38x | NT$942.48 Million |
| 2015 | 8.25% | 8.23% | 0.72x | 1.39x | NT$-222.33 Million |
| 2016 | -13.85% | -14.30% | 0.50x | 1.92x | NT$-2.56 Billion |
| 2017 | -10.81% | -10.72% | 0.49x | 2.07x | NT$-2.36 Billion |
| 2018 | -6.20% | -5.13% | 0.47x | 2.59x | NT$-1.71 Billion |
| 2019 | -7.13% | -4.62% | 1.05x | 1.47x | NT$-1.65 Billion |
| 2020 | -0.89% | -0.90% | 0.65x | 1.51x | NT$-1.05 Billion |
| 2021 | 7.29% | 6.85% | 0.71x | 1.50x | NT$-284.13 Million |
| 2022 | 4.21% | 4.86% | 0.63x | 1.37x | NT$-634.97 Million |
| 2023 | -6.33% | -6.29% | 0.65x | 1.55x | NT$-1.50 Billion |
| 2024 | -3.00% | -2.99% | 0.62x | 1.62x | NT$-1.16 Billion |
Industry Comparison
This section compares Cheng Mei Materials Technology Corp's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheng Mei Materials Technology Corp (4960) | NT$7.54 Billion | 20.46% | 0.85x | $232.59 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |