Young Shine Electric Co., Ltd.
Young Shine Electric Co., Ltd. manufactures and exports automotive air-conditioning compressors and heat exchangers in Taiwan. It offers compressor, heat exchanger, and parts, as well as radiators and condensers. The company was founded in 1997 and is based in Kaohsiung, Taiwan.
Young Shine Electric Co., Ltd. (2249) - Net Assets
Latest net assets as of June 2025: NT$1.25 Billion TWD
Based on the latest financial reports, Young Shine Electric Co., Ltd. (2249) has net assets worth NT$1.25 Billion 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$1.87 Billion) and total liabilities (NT$620.53 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$1.25 Billion |
| % of Total Assets | 66.89% |
| Annual Growth Rate | 18.36% |
| 5-Year Change | 115.63% |
| 10-Year Change | N/A |
| Growth Volatility | 15.35 |
Young Shine Electric Co., Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Young Shine Electric 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 Young Shine Electric Co., Ltd. (2019–2024)
The table below shows the annual net assets of Young Shine Electric Co., Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.19 Billion | +47.96% |
| 2023-12-31 | NT$804.59 Million | +20.38% |
| 2022-12-31 | NT$668.40 Million | +15.37% |
| 2021-12-31 | NT$579.35 Million | +4.94% |
| 2020-12-31 | NT$552.06 Million | +7.74% |
| 2019-12-31 | NT$512.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Young Shine Electric 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 253.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$648.91 Million | 54.67% |
| Common Stock | NT$231.69 Million | 19.52% |
| Other Comprehensive Income | NT$79.56 Million | 6.70% |
| Other Components | NT$226.77 Million | 19.11% |
| Total Equity | NT$1.19 Billion | 100.00% |
Young Shine Electric Co., Ltd. Competitors by Market Cap
The table below lists competitors of Young Shine Electric Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CMC JSC
VN:CVT
|
$37.57 Million |
|
Norse Atlantic ASA
OTCQX:NRSAF
|
$37.57 Million |
|
Schwager
SN:SCHWAGER
|
$37.58 Million |
|
Rawlplug S.A.
WAR:RWL
|
$37.58 Million |
|
Sigma Advanced Systems Limited
NSE:SIGMAADV
|
$37.56 Million |
|
Uzma Bhd
KLSE:7250
|
$37.56 Million |
|
Element 29 Resources Inc
OTCQB:EMTRF
|
$37.55 Million |
|
Empress Royalty Corp
OTCQB:EMPYF
|
$37.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Young Shine Electric Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 801,421,000 to 1,186,935,000, a change of 385,514,000 (48.1%).
- Net income of 341,369,000 contributed positively to equity growth.
- Dividend payments of 60,330,000 reduced retained earnings.
- New share issuances of 99,000,000 increased equity.
- Other comprehensive income increased equity by 79,560,000.
- Other factors decreased equity by 74,085,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$341.37 Million | +28.76% |
| Dividends Paid | NT$60.33 Million | -5.08% |
| Share Issuances | NT$99.00 Million | +8.34% |
| Other Comprehensive Income | NT$79.56 Million | +6.7% |
| Other Changes | NT$-74.08 Million | -6.24% |
| Total Change | NT$- | 48.10% |
Book Value vs Market Value Analysis
This analysis compares Young Shine Electric 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: 2.45x
- 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 4.60x to 2.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$28.37 | NT$130.50 | x |
| 2020-12-31 | NT$27.40 | NT$130.50 | x |
| 2021-12-31 | NT$28.74 | NT$130.50 | x |
| 2022-12-31 | NT$30.07 | NT$130.50 | x |
| 2023-12-31 | NT$36.15 | NT$130.50 | x |
| 2024-12-31 | NT$53.24 | NT$130.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Young Shine Electric 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): 28.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.68%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 1.77x
- Recent ROE (28.76%) is above the historical average (21.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 21.21% | 5.06% | 2.18x | 1.92x | NT$57.08 Million |
| 2020 | 17.41% | 5.35% | 1.30x | 2.49x | NT$40.66 Million |
| 2021 | 14.30% | 3.24% | 1.93x | 2.28x | NT$24.79 Million |
| 2022 | 20.23% | 6.04% | 1.83x | 1.83x | NT$68.06 Million |
| 2023 | 24.58% | 9.40% | 1.29x | 2.02x | NT$116.88 Million |
| 2024 | 28.76% | 11.68% | 1.39x | 1.77x | NT$222.68 Million |
Industry Comparison
This section compares Young Shine Electric Co., Ltd.'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $4,045,310,500
- Average return on equity (ROE) among peers: -15.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Young Shine Electric Co., Ltd. (2249) | NT$1.25 Billion | 21.21% | 0.49x | $37.57 Million |
| Tong Yang Industry Co Ltd (1319) | $15.19 Billion | 7.81% | 0.84x | $989.33 Million |
| Taihan Precision Technology Co Ltd (1336) | $1.60 Billion | 6.32% | 0.51x | $21.32 Million |
| Hiroca Holdings Ltd (1338) | $6.57 Billion | 4.49% | 0.58x | $25.70 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.59 Billion | 3.28% | 0.48x | $26.01 Million |
| Right Way Industrial Co Ltd (1506) | $1.32 Billion | 0.00% | 1.41x | $45.05 Million |
| Jui Li Enterprise Co Ltd (1512) | $75.41 Million | -204.20% | 22.29x | $15.44 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.26 Billion | 4.47% | 0.94x | $18.35 Million |
| TYC Brother Industrial Co Ltd (1522) | $4.32 Billion | 1.93% | 2.05x | $174.92 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.11 Billion | 10.49% | 1.30x | $89.90 Million |
| Kian Shen Corp (1525) | $4.44 Billion | 6.91% | 0.20x | $31.87 Million |