Wellysun Inc
Wellysun Inc. engages in the research, development, manufacture, and sale of automotive electronics, lighting fixtures, customized electronic control modules, and other electronic materials related products in Taiwan and internationally. It is also involved in the software development and information system integration and consulting services. The company is based in Zhubei, Taiwan.
Wellysun Inc (6988) - Net Assets
Latest net assets as of September 2025: NT$754.97 Million TWD
Based on the latest financial reports, Wellysun Inc (6988) has net assets worth NT$754.97 Million 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$1.22 Billion) and total liabilities (NT$465.80 Million). 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$754.97 Million |
| % of Total Assets | 61.84% |
| Annual Growth Rate | 4.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.62 |
Wellysun Inc - Net Assets Trend (2021–2024)
This chart illustrates how Wellysun Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wellysun Inc (2021–2024)
The table below shows the annual net assets of Wellysun Inc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$839.88 Million | +11.96% |
| 2023-12-31 | NT$750.15 Million | -1.69% |
| 2022-12-31 | NT$763.06 Million | +3.61% |
| 2021-12-31 | NT$736.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wellysun Inc'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 83.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$24.59 Million | 2.93% |
| Common Stock | NT$488.76 Million | 58.19% |
| Other Components | NT$326.53 Million | 38.88% |
| Total Equity | NT$839.88 Million | 100.00% |
Wellysun Inc Competitors by Market Cap
The table below lists competitors of Wellysun Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rocky Mountain Chocolate Factory
NASDAQ:RMCF
|
$12.56 Million |
|
AlzeCure Pharma
ST:ALZCUR
|
$12.56 Million |
|
iZafe Group AB Series B
ST:IZAFE-B
|
$12.58 Million |
|
Healthconn Corp.
TWO:6665
|
$12.58 Million |
|
Radhika Jeweltech Limited
NSE:RADHIKAJWE
|
$12.55 Million |
|
Cellectar Biosciences Inc
NASDAQ:CLRB
|
$12.55 Million |
|
LianBio
PINK:LIANY
|
$12.55 Million |
|
Icape Holding
PA:ALICA
|
$12.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wellysun Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 750,152,000 to 839,883,000, a change of 89,731,000 (12.0%).
- Net income of 23,653,000 contributed positively to equity growth.
- Dividend payments of 16,100,000 reduced retained earnings.
- New share issuances of 69,996,000 increased equity.
- Other factors increased equity by 12,182,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$23.65 Million | +2.82% |
| Dividends Paid | NT$16.10 Million | -1.92% |
| Share Issuances | NT$70.00 Million | +8.33% |
| Other Changes | NT$12.18 Million | +1.45% |
| Total Change | NT$- | 11.96% |
Book Value vs Market Value Analysis
This analysis compares Wellysun Inc'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: 0.82x
- 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 0.97x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$15.07 | NT$14.60 | x |
| 2022-12-31 | NT$16.70 | NT$14.60 | x |
| 2023-12-31 | NT$16.62 | NT$14.60 | x |
| 2024-12-31 | NT$17.87 | NT$14.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wellysun Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.67%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.63x
- Recent ROE (2.82%) is above the historical average (1.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 2.93% | 2.95% | 0.75x | 1.32x | NT$-53.92 Million |
| 2023 | 0.05% | 0.05% | 0.69x | 1.58x | NT$-74.64 Million |
| 2024 | 2.82% | 2.67% | 0.65x | 1.63x | NT$-60.34 Million |
Industry Comparison
This section compares Wellysun Inc'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 |
|---|---|---|---|---|
| Wellysun Inc (6988) | NT$754.97 Million | 2.93% | 0.62x | $12.56 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 |