Tong Hsing Electronic Industries Ltd
Tong Hsing Electronic Industries, Ltd. engages in the development and production of thick film substrates and customized semiconductor micro-module packaging. It offers ceramic metalized substrate, such as direct plated copper, direct bonded copper, active metal brazing, and thick film printed circuit substrates; CMOS imaging products, including wafer probing and testing, wafer reconstruction, an… Read more
Tong Hsing Electronic Industries Ltd (6271) - Net Assets
Latest net assets as of September 2025: NT$26.23 Billion TWD
Based on the latest financial reports, Tong Hsing Electronic Industries Ltd (6271) has net assets worth NT$26.23 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$34.24 Billion) and total liabilities (NT$8.02 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$26.23 Billion |
| % of Total Assets | 76.59% |
| Annual Growth Rate | 16.08% |
| 5-Year Change | 21.8% |
| 10-Year Change | 154.84% |
| Growth Volatility | 29.84 |
Tong Hsing Electronic Industries Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Tong Hsing Electronic Industries 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 Tong Hsing Electronic Industries Ltd (2003–2024)
The table below shows the annual net assets of Tong Hsing Electronic Industries Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$25.83 Billion | +5.69% |
| 2023-12-31 | NT$24.44 Billion | -0.34% |
| 2022-12-31 | NT$24.52 Billion | +6.71% |
| 2021-12-31 | NT$22.98 Billion | +8.36% |
| 2020-12-31 | NT$21.21 Billion | +108.41% |
| 2019-12-31 | NT$10.18 Billion | -2.60% |
| 2018-12-31 | NT$10.45 Billion | +0.33% |
| 2017-12-31 | NT$10.41 Billion | +2.63% |
| 2016-12-31 | NT$10.15 Billion | +0.10% |
| 2015-12-31 | NT$10.14 Billion | +1.09% |
| 2014-12-31 | NT$10.03 Billion | +5.35% |
| 2013-12-31 | NT$9.52 Billion | +6.94% |
| 2012-12-31 | NT$8.90 Billion | +10.02% |
| 2011-12-31 | NT$8.09 Billion | +46.86% |
| 2010-12-31 | NT$5.51 Billion | +50.48% |
| 2009-12-31 | NT$3.66 Billion | +11.74% |
| 2008-12-31 | NT$3.28 Billion | +26.94% |
| 2007-12-31 | NT$2.58 Billion | +90.02% |
| 2006-12-31 | NT$1.36 Billion | +18.72% |
| 2005-12-31 | NT$1.14 Billion | +9.67% |
| 2004-12-31 | NT$1.04 Billion | -7.48% |
| 2003-12-31 | NT$1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tong Hsing Electronic Industries 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 3551.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$6.07 Billion | 23.53% |
| Common Stock | NT$2.09 Billion | 8.11% |
| Other Comprehensive Income | NT$2.57 Billion | 9.97% |
| Other Components | NT$15.06 Billion | 58.40% |
| Total Equity | NT$25.79 Billion | 100.00% |
Tong Hsing Electronic Industries Ltd Competitors by Market Cap
The table below lists competitors of Tong Hsing Electronic Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cangzhou Mingzhu Plastic Co Ltd
SHE:002108
|
$845.76 Million |
|
Nanjing Red Sun Co Ltd
SHE:000525
|
$845.94 Million |
|
SMS Co. Ltd
PINK:SMSZF
|
$846.22 Million |
|
Ehang Holdings Ltd
NASDAQ:EH
|
$846.54 Million |
|
Allient Inc.
NASDAQ:ALNT
|
$845.72 Million |
|
HÖEgh Autoliners AS
PINK:HOEGF
|
$845.58 Million |
|
Kureha Corporation
F:0K1
|
$845.56 Million |
|
ICICI Securities Limited
NSE:ISEC
|
$845.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong Hsing Electronic Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,441,455,000 to 25,787,285,000, a change of 1,345,830,000 (5.5%).
- Net income of 1,713,825,000 contributed positively to equity growth.
- Dividend payments of 501,739,000 reduced retained earnings.
- Other comprehensive income increased equity by 215,575,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.71 Billion | +6.65% |
| Dividends Paid | NT$501.74 Million | -1.95% |
| Other Comprehensive Income | NT$215.57 Million | +0.84% |
| Other Changes | NT$-81.83 Million | -0.32% |
| Total Change | NT$- | 5.51% |
Book Value vs Market Value Analysis
This analysis compares Tong Hsing Electronic Industries 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: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.00x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$21.42 | NT$150.00 | x |
| 2007-12-31 | NT$38.32 | NT$150.00 | x |
| 2008-12-31 | NT$39.79 | NT$150.00 | x |
| 2009-12-31 | NT$43.30 | NT$150.00 | x |
| 2010-12-31 | NT$60.01 | NT$150.00 | x |
| 2011-12-31 | NT$78.32 | NT$150.00 | x |
| 2012-12-31 | NT$80.10 | NT$150.00 | x |
| 2013-12-31 | NT$85.39 | NT$150.00 | x |
| 2014-12-31 | NT$86.11 | NT$150.00 | x |
| 2015-12-31 | NT$84.55 | NT$150.00 | x |
| 2016-12-31 | NT$85.22 | NT$150.00 | x |
| 2017-12-31 | NT$90.33 | NT$150.00 | x |
| 2018-12-31 | NT$92.39 | NT$150.00 | x |
| 2019-12-31 | NT$69.38 | NT$150.00 | x |
| 2020-12-31 | NT$97.93 | NT$150.00 | x |
| 2021-12-31 | NT$109.42 | NT$150.00 | x |
| 2022-12-31 | NT$106.42 | NT$150.00 | x |
| 2023-12-31 | NT$116.45 | NT$150.00 | x |
| 2024-12-31 | NT$122.81 | NT$150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong Hsing Electronic Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.17%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.34x
- Recent ROE (6.65%) is below the historical average (11.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.00% | 6.11% | 0.74x | 1.55x | NT$-34.28 Million |
| 2006 | 19.13% | 12.78% | 1.00x | 1.50x | NT$124.04 Million |
| 2007 | 19.55% | 15.56% | 0.97x | 1.30x | NT$246.57 Million |
| 2008 | 12.95% | 10.73% | 0.99x | 1.22x | NT$96.50 Million |
| 2009 | 12.39% | 13.89% | 0.71x | 1.26x | NT$87.67 Million |
| 2010 | 14.32% | 12.87% | 0.87x | 1.28x | NT$237.70 Million |
| 2011 | 11.90% | 15.39% | 0.66x | 1.17x | NT$154.02 Million |
| 2012 | 14.73% | 18.77% | 0.67x | 1.17x | NT$420.90 Million |
| 2013 | 16.64% | 19.97% | 0.67x | 1.25x | NT$631.65 Million |
| 2014 | 15.07% | 18.12% | 0.53x | 1.56x | NT$507.93 Million |
| 2015 | 10.27% | 13.40% | 0.51x | 1.51x | NT$27.73 Million |
| 2016 | 10.10% | 12.72% | 0.53x | 1.51x | NT$10.32 Million |
| 2017 | 9.35% | 12.57% | 0.60x | 1.24x | NT$-67.50 Million |
| 2018 | 9.70% | 13.67% | 0.59x | 1.19x | NT$-31.27 Million |
| 2019 | 7.29% | 9.99% | 0.60x | 1.22x | NT$-275.72 Million |
| 2020 | 6.84% | 14.25% | 0.40x | 1.20x | NT$-670.28 Million |
| 2021 | 12.03% | 19.95% | 0.50x | 1.20x | NT$466.40 Million |
| 2022 | 12.81% | 22.32% | 0.41x | 1.40x | NT$688.54 Million |
| 2023 | 4.71% | 9.93% | 0.34x | 1.38x | NT$-1.29 Billion |
| 2024 | 6.65% | 14.17% | 0.35x | 1.34x | NT$-864.90 Million |
Industry Comparison
This section compares Tong Hsing Electronic Industries Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $3,963,876,800
- Average return on equity (ROE) among peers: 4.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong Hsing Electronic Industries Ltd (6271) | NT$26.23 Billion | 7.00% | 0.31x | $845.73 Million |
| Rectron Ltd (2302) | $1.74 Billion | 6.07% | 0.23x | $39.77 Million |
| Taiwan Mask Corp (2338) | $3.62 Billion | -1.02% | 0.09x | $217.60 Million |
| Lingsen Precision Industries Ltd (2369) | $5.31 Billion | -10.40% | 0.55x | $285.76 Million |
| Greatek Electronics Inc (2441) | $9.68 Billion | 16.62% | 0.10x | $727.39 Million |
| Visual Photonics Epitaxy Co Ltd (2455) | $919.04 Million | 0.00% | 0.65x | $1.13 Billion |
| Pan Jit International Inc (2481) | $7.85 Billion | 5.85% | 1.65x | $824.61 Million |
| Ampoc Far-East Co Ltd (2493) | $2.16 Billion | 18.34% | 0.50x | $265.52 Million |
| Episil-Precision Inc (3016) | $1.06 Billion | 1.57% | 0.14x | $187.04 Million |
| Zenitron Corp (3028) | $4.03 Billion | 10.78% | 1.64x | $312.17 Million |
| ALi Corp (3041) | $3.27 Billion | 0.43% | 0.15x | $98.65 Million |