Sun Rise E&T Corporation
Sun Rise E&T Corporation engages in the provision of HDPE pipes in Taiwan and internationally. It offers HDPE fish cages, such as off shore fish cage and raft, buoy, and others; and HDPE solar systems for offshore floating system and land-based solar systems. The company was founded in 1995 and is based in Pingtung, Taiwan.
Sun Rise E&T Corporation (1343) - Net Assets
Latest net assets as of June 2025: NT$458.66 Million TWD
Based on the latest financial reports, Sun Rise E&T Corporation (1343) has net assets worth NT$458.66 Million TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$1.24 Billion) and total liabilities (NT$783.51 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$458.66 Million |
| % of Total Assets | 36.92% |
| Annual Growth Rate | 9.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.58 |
Sun Rise E&T Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Sun Rise E&T Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sun Rise E&T Corporation (2020–2024)
The table below shows the annual net assets of Sun Rise E&T Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$574.97 Million | +46.42% |
| 2023-12-31 | NT$392.69 Million | -11.98% |
| 2022-12-31 | NT$446.12 Million | +8.16% |
| 2021-12-31 | NT$412.47 Million | +2.48% |
| 2020-12-31 | NT$402.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Rise E&T Corporation'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 989.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$177.96 Million | 30.95% |
| Common Stock | NT$329.38 Million | 57.29% |
| Other Components | NT$67.62 Million | 11.76% |
| Total Equity | NT$574.97 Million | 100.00% |
Sun Rise E&T Corporation Competitors by Market Cap
The table below lists competitors of Sun Rise E&T Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pergamon Status Dis Ticaret AS
IS:PSDTC
|
$22.15 Million |
|
Dongwoo Farm To Table Co.Ltd
KQ:088910
|
$22.17 Million |
|
Carelabs Co.Ltd
KQ:263700
|
$22.17 Million |
|
Chen Hsong Holdings Limited
PINK:CHHGF
|
$22.19 Million |
|
Software Acquisition Group III Inc
NASDAQ:SWAG
|
$22.15 Million |
|
Modernform Group Public Company Limited
BK:MODERN
|
$22.15 Million |
|
Summa Silver Corp
OTCQX:SSVRF
|
$22.15 Million |
|
Oriental Aromatics Limited
NSE:OAL
|
$22.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Rise E&T Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 392,690,000 to 574,966,000, a change of 182,276,000 (46.4%).
- Net income of 177,228,000 contributed positively to equity growth.
- New share issuances of 4,314,000 increased equity.
- Other comprehensive income decreased equity by 1,483,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$177.23 Million | +30.82% |
| Share Issuances | NT$4.31 Million | +0.75% |
| Other Comprehensive Income | NT$-1.48 Million | -0.26% |
| Other Changes | NT$2.22 Million | +0.39% |
| Total Change | NT$- | 46.42% |
Book Value vs Market Value Analysis
This analysis compares Sun Rise E&T Corporation'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: 1.70x
- 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 2.36x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | NT$12.60 | NT$29.70 | x |
| 2021-12-31 | NT$12.91 | NT$29.70 | x |
| 2022-12-31 | NT$13.80 | NT$29.70 | x |
| 2023-12-31 | NT$12.09 | NT$29.70 | x |
| 2024-12-31 | NT$17.44 | NT$29.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Rise E&T Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.08%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.21x
- Recent ROE (30.82%) is above the historical average (5.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 2.12% | 3.73% | 0.33x | 1.74x | NT$-31.73 Million |
| 2021 | 0.73% | 1.10% | 0.39x | 1.69x | NT$-38.24 Million |
| 2022 | 6.92% | 7.63% | 0.56x | 1.62x | NT$-13.72 Million |
| 2023 | -14.10% | -23.04% | 0.35x | 1.74x | NT$-94.62 Million |
| 2024 | 30.82% | 15.08% | 0.93x | 2.21x | NT$119.73 Million |
Industry Comparison
This section compares Sun Rise E&T Corporation's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,496,534,111
- Average return on equity (ROE) among peers: 3.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Rise E&T Corporation (1343) | NT$458.66 Million | 2.12% | 1.71x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |