Hotai Finance Corp (6592) - Net Assets
Based on the latest financial reports, Hotai Finance Corp (6592) has net assets worth NT$43.40 Billion TWD (≈ $1.37 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$329.59 Billion ≈ $10.38 Billion USD) and total liabilities (NT$286.19 Billion ≈ $9.02 Billion 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 6592 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$43.40 Billion |
| % of Total Assets | 13.17% |
| Annual Growth Rate | 16.88% |
| 5-Year Change | 70.22% |
| 10-Year Change | 368.71% |
| Growth Volatility | 21.62 |
Hotai Finance Corp - Net Assets Trend (2013–2025)
This chart illustrates how Hotai Finance Corp's net assets have evolved over time, based on quarterly financial data. Check 6592 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hotai Finance Corp (2013–2025)
The table below shows the annual net assets of Hotai Finance Corp from 2013 to 2025. For live valuation and market cap data, see Hotai Finance Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$43.40 Billion ≈ $1.37 Billion |
+4.15% |
| 2024-12-31 | NT$41.67 Billion ≈ $1.31 Billion |
+4.18% |
| 2023-12-31 | NT$39.99 Billion ≈ $1.26 Billion |
+21.59% |
| 2022-12-31 | NT$32.89 Billion ≈ $1.04 Billion |
+29.02% |
| 2021-12-31 | NT$25.49 Billion ≈ $803.19 Million |
+7.74% |
| 2020-12-31 | NT$23.66 Billion ≈ $745.51 Million |
+7.10% |
| 2019-12-31 | NT$22.09 Billion ≈ $696.09 Million |
+86.34% |
| 2018-12-31 | NT$11.86 Billion ≈ $373.57 Million |
+12.59% |
| 2017-12-31 | NT$10.53 Billion ≈ $331.80 Million |
+13.75% |
| 2016-12-31 | NT$9.26 Billion ≈ $291.70 Million |
+8.12% |
| 2015-12-31 | NT$8.56 Billion ≈ $269.80 Million |
+11.27% |
| 2014-12-31 | NT$7.70 Billion ≈ $242.47 Million |
+15.25% |
| 2013-12-31 | NT$6.68 Billion ≈ $210.38 Million |
-- |
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 233.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$10.94 Billion | 28.42% |
| Common Stock | NT$6.23 Billion | 16.19% |
| Other Comprehensive Income | NT$21.32 Billion | 55.39% |
| Total Equity | NT$38.49 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 |
|---|---|
|
WEBTOON Entertainment Inc. Common stock
NASDAQ:WBTN
|
$1.19 Billion |
|
Adtran Networks SE
F:ADV
|
$1.19 Billion |
|
361 Degrees International Limited
F:36L
|
$1.19 Billion |
|
Jadard Technology Inc. A
SHG:688252
|
$1.19 Billion |
|
Lelon Electronics Corp
TW:2472
|
$1.19 Billion |
|
EmbedWay Tech(Shanghai)Corp
SHG:603496
|
$1.19 Billion |
|
Radware Ltd
NASDAQ:RDWR
|
$1.19 Billion |
|
FGV Holdings Bhd
KLSE:5222
|
$1.19 Billion |
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 2024 to 2025, total equity changed from 37,356,493,000 to 38,486,095,000, a change of 1,129,602,000 (3.0%).
- Net income of 3,375,930,000 contributed positively to equity growth.
- Dividend payments of 2,304,451,000 reduced retained earnings.
- Other comprehensive income increased equity by 21,318,497,000.
- Other factors decreased equity by 21,260,374,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.38 Billion | +8.77% |
| Dividends Paid | NT$2.30 Billion | -5.99% |
| Other Comprehensive Income | NT$21.32 Billion | +55.39% |
| Other Changes | NT$-21.26 Billion | -55.24% |
| Total Change | NT$- | 3.02% |
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: 1.15x
- 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 4.20x to 1.15x 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$60.70 | x |
| 2014-12-31 | NT$16.64 | NT$60.70 | x |
| 2015-12-31 | NT$18.73 | NT$60.70 | x |
| 2016-12-31 | NT$20.76 | NT$60.70 | x |
| 2017-12-31 | NT$22.99 | NT$60.70 | x |
| 2018-12-31 | NT$24.98 | NT$60.70 | x |
| 2019-12-31 | NT$48.29 | NT$60.70 | x |
| 2020-12-31 | NT$37.90 | NT$60.70 | x |
| 2021-12-31 | NT$40.13 | NT$60.70 | x |
| 2022-12-31 | NT$51.99 | NT$60.70 | x |
| 2023-12-31 | NT$57.88 | NT$60.70 | x |
| 2024-12-31 | NT$59.89 | NT$60.70 | x |
| 2025-12-31 | NT$52.85 | NT$60.70 | 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): 8.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.24%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 8.56x
- Recent ROE (8.77%) is below the historical average (13.47%), 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 |
| 2025 | 8.77% | 14.24% | 0.07x | 8.56x | NT$-472.68 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: $94,006,825,000
- Average return on equity (ROE) among peers: 14.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hotai Finance Corp (6592) | NT$43.40 Billion | 19.35% | 6.59x | $1.19 Billion |
| Chailease Holding Co Ltd (5871) | $184.13 Billion | 12.27% | 4.34x | $5.88 Billion |
| Yulon Finance Corp (9941) | $3.88 Billion | 16.22% | 3.98x | $1.53 Billion |
About 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