Hotai Finance Corp
Hotai Finance Co., Ltd. provides sales and leasing services for vehicles and equipment in Taiwan and China. The company offers installment and refinancing installment loans for new/used cars, heavy motorcycles, and scooters; installment loans for commodities and equipment; and raw materials financing services. It also provides mobile payments and digital services. The company was incorporated in … Read more
Hotai Finance Corp (6592) - Net Assets
Latest net assets as of September 2025: NT$41.48 Billion TWD
Based on the latest financial reports, Hotai Finance Corp (6592) has net assets worth NT$41.48 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$322.57 Billion) and total liabilities (NT$281.09 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$41.48 Billion |
| % of Total Assets | 12.86% |
| Annual Growth Rate | 18.11% |
| 5-Year Change | 76.08% |
| 10-Year Change | 386.56% |
| Growth Volatility | 22.12 |
Hotai Finance Corp - Net Assets Trend (2013–2024)
This chart illustrates how Hotai Finance 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 Hotai Finance Corp (2013–2024)
The table below shows the annual net assets of Hotai Finance Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$41.67 Billion | +4.18% |
| 2023-12-31 | NT$39.99 Billion | +21.59% |
| 2022-12-31 | NT$32.89 Billion | +29.02% |
| 2021-12-31 | NT$25.49 Billion | +7.74% |
| 2020-12-31 | NT$23.66 Billion | +7.10% |
| 2019-12-31 | NT$22.09 Billion | +86.34% |
| 2018-12-31 | NT$11.86 Billion | +12.59% |
| 2017-12-31 | NT$10.53 Billion | +13.75% |
| 2016-12-31 | NT$9.26 Billion | +8.12% |
| 2015-12-31 | NT$8.56 Billion | +11.27% |
| 2014-12-31 | NT$7.70 Billion | +15.25% |
| 2013-12-31 | NT$6.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hotai Finance 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 208.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.11 Billion | 27.06% |
| Common Stock | NT$6.23 Billion | 16.68% |
| Other Components | NT$21.02 Billion | 56.26% |
| Total Equity | NT$37.36 Billion | 100.00% |
Hotai Finance Corp Competitors by Market Cap
The table below lists competitors of Hotai Finance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Kawin Technology Share-holding Co Ltd
SHG:688687
|
$345.83 Million |
|
Wenzhou Hongfeng Electrical Alloy Co Ltd
SHE:300283
|
$345.83 Million |
|
Absci Corp
NASDAQ:ABSI
|
$345.85 Million |
|
SAMPYO Cement Co. Ltd
KQ:038500
|
$346.00 Million |
|
Beijing Hanyi Innovation Technology Co. Ltd. A
SHE:301270
|
$345.76 Million |
|
Pony Testing International Group Co
SHE:300887
|
$345.71 Million |
|
eClerx Services Limited
NSE:ECLERX
|
$345.56 Million |
|
Jupiter Life Line Hospitals Limited
NSE:JLHL
|
$345.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hotai Finance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,097,609,000 to 37,356,493,000, a change of 1,258,884,000 (3.5%).
- Net income of 3,055,491,000 contributed positively to equity growth.
- Dividend payments of 1,986,556,000 reduced retained earnings.
- Other comprehensive income decreased equity by 20,365,982,000.
- Other factors increased equity by 20,555,931,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.06 Billion | +8.18% |
| Dividends Paid | NT$1.99 Billion | -5.32% |
| Other Comprehensive Income | NT$-20.37 Billion | -54.52% |
| Other Changes | NT$20.56 Billion | +55.03% |
| Total Change | NT$- | 3.49% |
Book Value vs Market Value Analysis
This analysis compares Hotai Finance 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: 1.07x
- 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 4.42x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | NT$14.45 | NT$63.90 | x |
| 2014-12-31 | NT$16.64 | NT$63.90 | x |
| 2015-12-31 | NT$18.73 | NT$63.90 | x |
| 2016-12-31 | NT$20.76 | NT$63.90 | x |
| 2017-12-31 | NT$22.99 | NT$63.90 | x |
| 2018-12-31 | NT$24.98 | NT$63.90 | x |
| 2019-12-31 | NT$48.29 | NT$63.90 | x |
| 2020-12-31 | NT$37.90 | NT$63.90 | x |
| 2021-12-31 | NT$40.13 | NT$63.90 | x |
| 2022-12-31 | NT$51.99 | NT$63.90 | x |
| 2023-12-31 | NT$57.88 | NT$63.90 | x |
| 2024-12-31 | NT$59.89 | NT$63.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hotai Finance 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): 8.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.55%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 8.79x
- Recent ROE (8.18%) is below the historical average (13.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.35% | 13.04% | 0.13x | 11.17x | NT$556.84 Million |
| 2014 | 16.54% | 9.99% | 0.14x | 11.87x | NT$449.00 Million |
| 2015 | 15.52% | 9.54% | 0.14x | 11.50x | NT$426.68 Million |
| 2016 | 14.84% | 10.64% | 0.12x | 11.17x | NT$414.83 Million |
| 2017 | 15.54% | 15.54% | 0.09x | 11.54x | NT$525.53 Million |
| 2018 | 17.09% | 15.89% | 0.09x | 11.86x | NT$730.98 Million |
| 2019 | 10.92% | 16.29% | 0.10x | 6.51x | NT$188.52 Million |
| 2020 | 12.03% | 17.63% | 0.09x | 7.40x | NT$436.11 Million |
| 2021 | 13.81% | 17.49% | 0.09x | 8.86x | NT$865.92 Million |
| 2022 | 12.29% | 15.90% | 0.09x | 8.66x | NT$675.26 Million |
| 2023 | 10.22% | 12.87% | 0.09x | 8.65x | NT$80.05 Million |
| 2024 | 8.18% | 10.55% | 0.09x | 8.79x | NT$-680.16 Million |
Industry Comparison
This section compares Hotai Finance Corp's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $54,440,930,333
- Average return on equity (ROE) among peers: 13.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hotai Finance Corp (6592) | NT$41.48 Billion | 19.35% | 6.78x | $345.78 Million |
| Chailease Holding Co Ltd (5871) | $150.16 Billion | 18.13% | 4.84x | $4.11 Billion |
| Infinite Finance Co. Ltd. (6958) | $9.28 Billion | 5.56% | 8.35x | $29.40 Million |
| Yulon Finance Corp (9941) | $3.88 Billion | 16.22% | 3.98x | $547.58 Million |