Sinyi Realty Inc (9940) - Net Assets
Based on the latest financial reports, Sinyi Realty Inc (9940) has net assets worth NT$12.25 Billion TWD (≈ $385.98 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$31.51 Billion ≈ $992.65 Million USD) and total liabilities (NT$19.26 Billion ≈ $606.67 Million 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. Check how resilient are Sinyi Realty Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$12.25 Billion |
| % of Total Assets | 38.88% |
| Annual Growth Rate | 10.7% |
| 5-Year Change | 3.79% |
| 10-Year Change | 38.92% |
| Growth Volatility | 18.27 |
Sinyi Realty Inc - Net Assets Trend (2000–2025)
This chart illustrates how Sinyi Realty Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Sinyi Realty Inc for the complete picture of this company's asset base.
Annual Net Assets for Sinyi Realty Inc (2000–2025)
The table below shows the annual net assets of Sinyi Realty Inc from 2000 to 2025. For live valuation and market cap data, see market value of Sinyi Realty Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$13.04 Billion ≈ $410.90 Million |
-6.62% |
| 2024-12-31 | NT$13.97 Billion ≈ $440.04 Million |
+11.45% |
| 2023-12-31 | NT$12.53 Billion ≈ $394.83 Million |
+4.91% |
| 2022-12-31 | NT$11.95 Billion ≈ $376.35 Million |
-4.94% |
| 2021-12-31 | NT$12.57 Billion ≈ $395.89 Million |
+7.81% |
| 2020-12-31 | NT$11.65 Billion ≈ $367.20 Million |
+6.07% |
| 2019-12-31 | NT$10.99 Billion ≈ $346.18 Million |
-0.69% |
| 2018-12-31 | NT$11.06 Billion ≈ $348.58 Million |
-3.20% |
| 2017-12-31 | NT$11.43 Billion ≈ $360.11 Million |
+21.75% |
| 2016-12-31 | NT$9.39 Billion ≈ $295.79 Million |
+0.71% |
| 2015-12-31 | NT$9.32 Billion ≈ $293.71 Million |
-2.04% |
| 2014-12-31 | NT$9.52 Billion ≈ $299.81 Million |
-1.10% |
| 2013-12-31 | NT$9.62 Billion ≈ $303.14 Million |
+29.74% |
| 2012-12-31 | NT$7.42 Billion ≈ $233.64 Million |
+6.61% |
| 2011-12-31 | NT$6.96 Billion ≈ $219.16 Million |
+2.35% |
| 2010-12-31 | NT$6.80 Billion ≈ $214.14 Million |
+24.77% |
| 2009-12-31 | NT$5.45 Billion ≈ $171.62 Million |
+23.90% |
| 2008-12-31 | NT$4.40 Billion ≈ $138.52 Million |
+3.47% |
| 2007-12-31 | NT$4.25 Billion ≈ $133.87 Million |
+15.41% |
| 2006-12-31 | NT$3.68 Billion ≈ $116.00 Million |
+29.40% |
| 2005-12-31 | NT$2.85 Billion ≈ $89.64 Million |
+81.33% |
| 2003-12-31 | NT$1.57 Billion ≈ $49.44 Million |
+26.67% |
| 2002-12-31 | NT$1.24 Billion ≈ $39.03 Million |
+18.42% |
| 2001-12-31 | NT$1.05 Billion ≈ $32.96 Million |
+1.77% |
| 2000-12-31 | NT$1.03 Billion ≈ $32.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinyi Realty 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 993.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.06 Billion | 15.95% |
| Common Stock | NT$7.37 Billion | 57.07% |
| Other Comprehensive Income | NT$3.48 Billion | 26.98% |
| Total Equity | NT$12.91 Billion | 100.00% |
Sinyi Realty Inc Competitors by Market Cap
The table below lists competitors of Sinyi Realty Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Hiking International Co Ltd Class A
SHG:600735
|
$464.30 Million |
|
Shenzhen King Brother Electronics Technology Co.Ltd.
SHE:301041
|
$464.42 Million |
|
Shenzhen Kexin Communication Technologies Co Ltd
SHE:300565
|
$464.42 Million |
|
Richtech Robotics Inc. Class B Common Stock
NASDAQ:RR
|
$464.66 Million |
|
Diamond Hill Investment Group Inc
NASDAQ:DHIL
|
$464.19 Million |
|
Texmaco Rail & Engineering Limited
NSE:TEXRAIL
|
$464.08 Million |
|
4D Molecular Therapeutics Inc
NASDAQ:FDMT
|
$464.06 Million |
|
Duta Pertiwi Tbk
JK:DUTI
|
$463.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinyi Realty Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,830,341,000 to 12,911,904,000, a change of -918,437,000 (-6.6%).
- Net income of 219,047,000 contributed positively to equity growth.
- Dividend payments of 1,326,324,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,483,625,000.
- Other factors decreased equity by 3,294,785,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$219.05 Million | +1.7% |
| Dividends Paid | NT$1.33 Billion | -10.27% |
| Other Comprehensive Income | NT$3.48 Billion | +26.98% |
| Other Changes | NT$-3.29 Billion | -25.52% |
| Total Change | NT$- | -6.64% |
Book Value vs Market Value Analysis
This analysis compares Sinyi Realty 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: 1.21x
- 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 4.06x to 1.21x 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$4.93 | NT$20.00 | x |
| 2007-12-31 | NT$5.66 | NT$20.00 | x |
| 2008-12-31 | NT$5.87 | NT$20.00 | x |
| 2009-12-31 | NT$7.31 | NT$20.00 | x |
| 2010-12-31 | NT$9.07 | NT$20.00 | x |
| 2011-12-31 | NT$9.29 | NT$20.00 | x |
| 2012-12-31 | NT$10.06 | NT$20.00 | x |
| 2013-12-31 | NT$12.87 | NT$20.00 | x |
| 2014-12-31 | NT$12.72 | NT$20.00 | x |
| 2015-12-31 | NT$12.48 | NT$20.00 | x |
| 2016-12-31 | NT$12.59 | NT$20.00 | x |
| 2017-12-31 | NT$17.31 | NT$20.00 | x |
| 2018-12-31 | NT$14.86 | NT$20.00 | x |
| 2019-12-31 | NT$14.75 | NT$20.00 | x |
| 2020-12-31 | NT$15.63 | NT$20.00 | x |
| 2021-12-31 | NT$16.85 | NT$20.00 | x |
| 2022-12-31 | NT$16.02 | NT$20.00 | x |
| 2023-12-31 | NT$16.82 | NT$20.00 | x |
| 2024-12-31 | NT$18.75 | NT$20.00 | x |
| 2025-12-31 | NT$16.50 | NT$20.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinyi Realty 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): 1.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.39x
- Recent ROE (1.70%) is below the historical average (18.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.22% | 5.51% | 1.13x | 1.64x | NT$2.20 Million |
| 2001 | 10.87% | 6.57% | 1.02x | 1.62x | NT$8.79 Million |
| 2002 | 26.64% | 14.85% | 1.07x | 1.67x | NT$206.19 Million |
| 2003 | 33.04% | 17.54% | 1.17x | 1.61x | NT$361.53 Million |
| 2005 | 32.31% | 16.78% | 1.13x | 1.70x | NT$619.76 Million |
| 2006 | 35.05% | 21.46% | 0.96x | 1.70x | NT$903.65 Million |
| 2007 | 27.89% | 18.87% | 0.75x | 1.97x | NT$744.20 Million |
| 2008 | 19.49% | 14.08% | 0.77x | 1.80x | NT$409.76 Million |
| 2009 | 27.59% | 19.30% | 0.81x | 1.76x | NT$944.84 Million |
| 2010 | 29.60% | 19.50% | 0.93x | 1.64x | NT$1.31 Billion |
| 2011 | 19.11% | 15.10% | 0.86x | 1.48x | NT$624.38 Million |
| 2012 | 18.22% | 17.08% | 0.72x | 1.49x | NT$609.52 Million |
| 2013 | 26.08% | 20.47% | 0.73x | 1.75x | NT$1.53 Billion |
| 2014 | 11.43% | 12.05% | 0.50x | 1.90x | NT$134.50 Million |
| 2015 | 6.13% | 7.50% | 0.36x | 2.26x | NT$-355.81 Million |
| 2016 | 9.91% | 12.12% | 0.32x | 2.57x | NT$-7.99 Million |
| 2017 | 24.81% | 15.74% | 0.66x | 2.39x | NT$1.67 Billion |
| 2018 | 13.72% | 11.66% | 0.45x | 2.63x | NT$408.08 Million |
| 2019 | 11.61% | 10.15% | 0.39x | 2.91x | NT$175.30 Million |
| 2020 | 13.46% | 11.88% | 0.41x | 2.76x | NT$399.36 Million |
| 2021 | 18.90% | 12.50% | 0.57x | 2.65x | NT$1.11 Billion |
| 2022 | 10.35% | 8.91% | 0.40x | 2.88x | NT$41.44 Million |
| 2023 | 14.19% | 12.40% | 0.46x | 2.51x | NT$520.16 Million |
| 2024 | 12.90% | 13.96% | 0.39x | 2.34x | NT$401.36 Million |
| 2025 | 1.70% | 1.91% | 0.37x | 2.39x | NT$-1.07 Billion |
Industry Comparison
This section compares Sinyi Realty Inc's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,864,442,500
- Average return on equity (ROE) among peers: -9.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinyi Realty Inc (9940) | NT$12.25 Billion | 10.22% | 1.57x | $464.29 Million |
| Sun Yad Construction Co Ltd (1316) | $974.60 Million | 4.39% | 0.27x | $114.93 Million |
| GTM Holdings Corp (1437) | $3.26 Billion | 9.89% | 1.22x | $189.98 Million |
| I-Hwa Industrial Co Ltd (1456) | $1.20 Billion | 0.00% | 3.51x | $40.45 Million |
| Hiyes International Co Ltd (2348) | $110.60 Million | -128.02% | 4.78x | $339.89 Million |
| Chainqui Construction Development Co Ltd (2509) | $4.76 Billion | 9.25% | 0.79x | $95.51 Million |
| Hung Ching Development & Construction Co Ltd (2527) | $3.89 Billion | 1.64% | 0.71x | $280.80 Million |
| Crowell Development Corp (2528) | $869.07 Million | 0.00% | 3.81x | $307.67 Million |
| JSL Construction & Development Co Ltd (2540) | $415.29 Million | 0.00% | 6.88x | $1.61 Billion |
| Wanhwa Enterprise Co (2701) | $5.40 Billion | 3.75% | 0.16x | $150.27 Million |
| First Hotel Co Ltd (2706) | $7.77 Billion | 5.90% | 0.15x | $195.33 Million |
About Sinyi Realty Inc
Sinyi Realty Inc., together with its subsidiaries, operates in the real estate brokerage and development businesses in Taiwan, Mainland China, and internationally. The company offers transactions and leasing of residential, office, industrial, and land properties. It engages in residential development and sales, as well as invest in Sabah Malaysia's tourism sector, promoting eco-tourism resorts. … Read more