Shinih Enterprise Co Ltd
Shinih Enterprise Co., Ltd., together with its subsidiaries, manufactures and sells of non-woven products in Taiwan, China, the United States, and Southeast Asia. The company offers functional insulation products, including standard battings, loose fill/down and ball type, stretch battings, and specialty functional for apparel, sleeping bags and equipment, gloves and accessories, footwear, beddin… Read more
Shinih Enterprise Co Ltd (9944) - Net Assets
Latest net assets as of September 2025: NT$3.39 Billion TWD
Based on the latest financial reports, Shinih Enterprise Co Ltd (9944) has net assets worth NT$3.39 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$5.73 Billion) and total liabilities (NT$2.35 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$3.39 Billion |
| % of Total Assets | 59.08% |
| Annual Growth Rate | 5.84% |
| 5-Year Change | 24.12% |
| 10-Year Change | 15.96% |
| Growth Volatility | 13.89 |
Shinih Enterprise Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Shinih Enterprise 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 Shinih Enterprise Co Ltd (2002–2024)
The table below shows the annual net assets of Shinih Enterprise Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.62 Billion | +3.04% |
| 2023-12-31 | NT$3.51 Billion | +0.78% |
| 2022-12-31 | NT$3.49 Billion | +6.39% |
| 2021-12-31 | NT$3.28 Billion | +12.35% |
| 2020-12-31 | NT$2.92 Billion | +1.53% |
| 2019-12-31 | NT$2.87 Billion | -3.34% |
| 2018-12-31 | NT$2.97 Billion | -1.16% |
| 2017-12-31 | NT$3.01 Billion | -2.12% |
| 2016-12-31 | NT$3.07 Billion | -1.61% |
| 2015-12-31 | NT$3.12 Billion | +2.23% |
| 2014-12-31 | NT$3.05 Billion | +11.69% |
| 2013-12-31 | NT$2.73 Billion | +5.99% |
| 2012-12-31 | NT$2.58 Billion | -3.45% |
| 2011-12-31 | NT$2.67 Billion | +5.19% |
| 2010-12-31 | NT$2.54 Billion | +0.65% |
| 2009-12-31 | NT$2.52 Billion | +4.39% |
| 2008-12-31 | NT$2.42 Billion | -8.43% |
| 2007-12-31 | NT$2.64 Billion | +63.21% |
| 2006-12-31 | NT$1.62 Billion | +12.63% |
| 2005-12-31 | NT$1.44 Billion | +16.17% |
| 2004-12-31 | NT$1.24 Billion | +3.11% |
| 2003-12-31 | NT$1.20 Billion | +15.46% |
| 2002-12-31 | NT$1.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinih Enterprise 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 749.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.59 Billion | 45.18% |
| Common Stock | NT$1.09 Billion | 30.95% |
| Other Comprehensive Income | NT$168.41 Million | 4.78% |
| Other Components | NT$673.01 Million | 19.09% |
| Total Equity | NT$3.53 Billion | 100.00% |
Shinih Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Shinih Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Plastic Co Ltd Preferred
KO:004255
|
$21.26 Million |
|
AJ Advance Technology Public Company Limited
BK:AJA
|
$21.27 Million |
|
Sam-A Pharm. Co. Ltd
KQ:009300
|
$21.27 Million |
|
W S Industries (I) Limited
NSE:WSI
|
$21.28 Million |
|
Air T Inc
NASDAQ:AIRT
|
$21.25 Million |
|
Butterfly Gandhimathi Appliances Limited
NSE:BUTTERFLY
|
$21.25 Million |
|
Daiyang Metal
KO:009190
|
$21.25 Million |
|
SHL Telemedicine Ltd American Depositary Shares
NASDAQ:SHLT
|
$21.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinih Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,433,101,000 to 3,525,014,000, a change of 91,913,000 (2.7%).
- Net income of 5,258,000 contributed positively to equity growth.
- Dividend payments of 63,545,000 reduced retained earnings.
- Other comprehensive income increased equity by 148,966,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.26 Million | +0.15% |
| Dividends Paid | NT$63.55 Million | -1.8% |
| Other Comprehensive Income | NT$148.97 Million | +4.23% |
| Other Changes | NT$1.23 Million | +0.04% |
| Total Change | NT$- | 2.68% |
Book Value vs Market Value Analysis
This analysis compares Shinih Enterprise 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: 0.49x
- 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 0.68x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$24.09 | NT$16.35 | x |
| 2010-12-31 | NT$24.30 | NT$16.35 | x |
| 2011-12-31 | NT$25.46 | NT$16.35 | x |
| 2012-12-31 | NT$24.64 | NT$16.35 | x |
| 2013-12-31 | NT$26.12 | NT$16.35 | x |
| 2014-12-31 | NT$26.07 | NT$16.35 | x |
| 2015-12-31 | NT$26.30 | NT$16.35 | x |
| 2016-12-31 | NT$25.84 | NT$16.35 | x |
| 2017-12-31 | NT$25.45 | NT$16.35 | x |
| 2018-12-31 | NT$26.44 | NT$16.35 | x |
| 2019-12-31 | NT$25.63 | NT$16.35 | x |
| 2020-12-31 | NT$26.01 | NT$16.35 | x |
| 2021-12-31 | NT$29.28 | NT$16.35 | x |
| 2022-12-31 | NT$32.11 | NT$16.35 | x |
| 2023-12-31 | NT$32.31 | NT$16.35 | x |
| 2024-12-31 | NT$33.26 | NT$16.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinih Enterprise 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): 0.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.23%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.80x
- Recent ROE (0.15%) is below the historical average (6.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 12.10% | 7.76% | 0.68x | 2.28x | NT$21.85 Million |
| 2003 | 11.94% | 7.43% | 0.73x | 2.21x | NT$23.22 Million |
| 2004 | 9.58% | 5.61% | 0.72x | 2.37x | NT$-5.14 Million |
| 2005 | 11.16% | 6.33% | 0.61x | 2.91x | NT$16.17 Million |
| 2006 | 13.52% | 7.49% | 0.70x | 2.58x | NT$55.60 Million |
| 2007 | 40.20% | 35.20% | 0.80x | 1.44x | NT$776.79 Million |
| 2008 | 3.34% | 2.78% | 0.71x | 1.69x | NT$-155.85 Million |
| 2009 | 6.01% | 5.09% | 0.72x | 1.64x | NT$-96.84 Million |
| 2010 | 5.87% | 3.92% | 0.81x | 1.85x | NT$-101.02 Million |
| 2011 | 2.04% | 1.36% | 0.81x | 1.86x | NT$-204.65 Million |
| 2012 | 0.25% | 0.16% | 0.85x | 1.80x | NT$-242.50 Million |
| 2013 | 4.00% | 2.66% | 0.82x | 1.82x | NT$-158.43 Million |
| 2014 | 3.92% | 2.79% | 0.79x | 1.78x | NT$-179.23 Million |
| 2015 | 2.20% | 1.72% | 0.73x | 1.75x | NT$-235.75 Million |
| 2016 | 2.47% | 2.08% | 0.67x | 1.77x | NT$-224.04 Million |
| 2017 | 1.63% | 1.47% | 0.62x | 1.79x | NT$-244.95 Million |
| 2018 | 0.03% | 0.02% | 0.64x | 1.75x | NT$-287.87 Million |
| 2019 | -1.43% | -1.40% | 0.56x | 1.82x | NT$-319.68 Million |
| 2020 | 2.65% | 3.21% | 0.47x | 1.77x | NT$-208.78 Million |
| 2021 | 15.99% | 19.64% | 0.46x | 1.76x | NT$192.18 Million |
| 2022 | 6.58% | 8.53% | 0.43x | 1.81x | NT$-116.78 Million |
| 2023 | 4.59% | 7.45% | 0.35x | 1.74x | NT$-185.70 Million |
| 2024 | 0.15% | 0.23% | 0.36x | 1.80x | NT$-347.24 Million |
Industry Comparison
This section compares Shinih Enterprise Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,082,241,600
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinih Enterprise Co Ltd (9944) | NT$3.39 Billion | 12.10% | 0.69x | $21.26 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |