Song Chuan Precision Co., Ltd.
Song Chuan Precision Co., Ltd. manufactures and sells electromechanical power relays in Taiwan and internationally. It primarily offers relays, capacitors, PCB and plug-in automotive relays, industrial and general-purpose relays, and safety relays for home appliance, automotive, IT product, and other applications. The company was founded in 1974 and is headquartered in New Taipei City, Taiwan.
Song Chuan Precision Co., Ltd. (7788) - Net Assets
Latest net assets as of September 2025: NT$4.90 Billion TWD
Based on the latest financial reports, Song Chuan Precision Co., Ltd. (7788) has net assets worth NT$4.90 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$9.39 Billion) and total liabilities (NT$4.48 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$4.90 Billion |
| % of Total Assets | 52.24% |
| Annual Growth Rate | 47.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.76 |
Song Chuan Precision Co., Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Song Chuan Precision Co., 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 Song Chuan Precision Co., Ltd. (2021–2024)
The table below shows the annual net assets of Song Chuan Precision Co., Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$5.00 Billion | +10.59% |
| 2023-12-31 | NT$4.52 Billion | +66.90% |
| 2022-12-31 | NT$2.71 Billion | +75.40% |
| 2021-12-31 | NT$1.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Song Chuan Precision Co., 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 949.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.44 Billion | 28.78% |
| Other Components | NT$3.57 Billion | 71.22% |
| Total Equity | NT$5.01 Billion | 100.00% |
Song Chuan Precision Co., Ltd. Competitors by Market Cap
The table below lists competitors of Song Chuan Precision Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ariston Holding N.V.
LSE:0ABE
|
$213.75 Million |
|
Nanjing Chixia Development Co Ltd
SHG:600533
|
$213.87 Million |
|
Blue Moon Zinc Corp
V:MOON
|
$213.89 Million |
|
River Financial Corporation
PINK:RVRF
|
$213.95 Million |
|
Smartgen (Zhengzhou) Technology Co. Ltd. A
SHE:301361
|
$213.63 Million |
|
Zhejiang Dayang Biotech Group Co
SHE:003017
|
$213.61 Million |
|
Xperi Corp
NYSE:XPER
|
$213.51 Million |
|
2Seventy Bio Inc
NASDAQ:TSVT
|
$213.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Song Chuan Precision Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,523,649,000 to 5,010,422,000, a change of 486,773,000 (10.8%).
- Net income of 504,405,000 contributed positively to equity growth.
- Dividend payments of 72,616,000 reduced retained earnings.
- Other factors increased equity by 54,984,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$504.40 Million | +10.07% |
| Dividends Paid | NT$72.62 Million | -1.45% |
| Other Changes | NT$54.98 Million | +1.1% |
| Total Change | NT$- | 10.76% |
Book Value vs Market Value Analysis
This analysis compares Song Chuan Precision Co., 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: 2.19x
- 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 7.11x to 2.19x 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$21.23 | NT$151.00 | x |
| 2022-12-31 | NT$37.31 | NT$151.00 | x |
| 2023-12-31 | NT$62.30 | NT$151.00 | x |
| 2024-12-31 | NT$69.00 | NT$151.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Song Chuan Precision Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.46%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.93x
- Recent ROE (10.07%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 7.97% | 2.36% | 0.63x | 5.40x | NT$-31.26 Million |
| 2022 | 19.02% | 8.41% | 0.68x | 3.34x | NT$244.44 Million |
| 2023 | 8.40% | 6.93% | 0.58x | 2.08x | NT$-72.37 Million |
| 2024 | 10.07% | 8.46% | 0.62x | 1.93x | NT$3.36 Million |
Industry Comparison
This section compares Song Chuan Precision Co., Ltd.'s net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,743,644,300
- Average return on equity (ROE) among peers: 7.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Song Chuan Precision Co., Ltd. (7788) | NT$4.90 Billion | 7.97% | 0.91x | $213.69 Million |
| Shihlin Electric & Engineering Corp (1503) | $22.39 Billion | 5.94% | 0.65x | $1.62 Billion |
| Allis Electric Co Ltd (1514) | $2.21 Billion | 0.00% | 0.80x | $709.40 Million |
| Fortune Electric Co Ltd (1519) | $6.13 Billion | 42.03% | 1.49x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $964.63 Million | 0.00% | 1.84x | $94.41 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $1.03 Billion | 2.38% | 0.31x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.41 Billion | 3.30% | 0.70x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $8.08 Billion | 1.11% | 0.67x | $101.17 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $7.50 Billion | -7.23% | 1.37x | $713.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $5.05 Billion | 12.62% | 0.24x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $1.66 Billion | 11.82% | 0.46x | $96.40 Million |