Gongin Precision Industrial Co Ltd (3178) - Net Assets
Based on the latest financial reports, Gongin Precision Industrial Co Ltd (3178) has net assets worth NT$1.22 Billion TWD (≈ $38.31 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.77 Billion ≈ $87.30 Million USD) and total liabilities (NT$1.55 Billion ≈ $48.98 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 asset allocation strategy of Gongin Precision Industrial Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.22 Billion |
| % of Total Assets | 43.89% |
| Annual Growth Rate | 7.43% |
| 5-Year Change | 16.78% |
| 10-Year Change | N/A |
| Growth Volatility | 11.83 |
Gongin Precision Industrial Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Gongin Precision Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Gongin Precision Industrial Co Ltd market capitalisation.
Annual Net Assets for Gongin Precision Industrial Co Ltd (2017–2025)
The table below shows the annual net assets of Gongin Precision Industrial Co Ltd from 2017 to 2025. Also explore 3178 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.20 Billion ≈ $37.67 Million |
-3.18% |
| 2024-12-31 | NT$1.23 Billion ≈ $38.90 Million |
-3.57% |
| 2023-12-31 | NT$1.28 Billion ≈ $40.34 Million |
+5.38% |
| 2022-12-31 | NT$1.22 Billion ≈ $38.28 Million |
+18.69% |
| 2021-12-31 | NT$1.02 Billion ≈ $32.25 Million |
+4.01% |
| 2020-12-31 | NT$984.31 Million ≈ $31.01 Million |
+8.40% |
| 2019-12-31 | NT$908.05 Million ≈ $28.61 Million |
+0.66% |
| 2018-12-31 | NT$902.07 Million ≈ $28.42 Million |
+33.88% |
| 2017-12-31 | NT$673.81 Million ≈ $21.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gongin Precision Industrial 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 115.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$447.61 Million | 37.64% |
| Other Components | NT$741.57 Million | 62.36% |
| Total Equity | NT$1.19 Billion | 100.00% |
Gongin Precision Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Gongin Precision Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATM Grupa S.A.
WAR:ATG
|
$84.45 Million |
|
Peace Acquisition Corp Ordinary Shares
NASDAQ:PECE
|
$84.46 Million |
|
Pureun Mutual Savings Bank Co. Ltd
KQ:007330
|
$84.46 Million |
|
MLRN Projects and Trade Ltd
TA:MLRN
|
$84.47 Million |
|
Globex Mining Enterprises Inc.
TO:GMX
|
$84.43 Million |
|
MaxCyte Inc
NASDAQ:MXCT
|
$84.42 Million |
|
Kumkang Kind Co Ltd
KO:014285
|
$84.41 Million |
|
Rimoni
TA:RIMO
|
$84.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gongin Precision Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,229,216,000 to 1,189,187,000, a change of -40,029,000 (-3.3%).
- Net loss of 20,636,000 reduced equity.
- Dividend payments of 22,525,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-20.64 Million | -1.74% |
| Dividends Paid | NT$22.52 Million | -1.89% |
| Other Changes | NT$3.13 Million | +0.26% |
| Total Change | NT$- | -3.26% |
Book Value vs Market Value Analysis
This analysis compares Gongin Precision Industrial 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: 2.25x
- 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 3.55x to 2.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$16.77 | NT$59.50 | x |
| 2018-12-31 | NT$19.25 | NT$59.50 | x |
| 2019-12-31 | NT$19.43 | NT$59.50 | x |
| 2020-12-31 | NT$21.09 | NT$59.50 | x |
| 2021-12-31 | NT$21.94 | NT$59.50 | x |
| 2022-12-31 | NT$26.09 | NT$59.50 | x |
| 2023-12-31 | NT$28.30 | NT$59.50 | x |
| 2024-12-31 | NT$27.29 | NT$59.50 | x |
| 2025-12-31 | NT$26.40 | NT$59.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gongin Precision Industrial 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): -1.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.64%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.28x
- Recent ROE (-1.74%) is below the historical average (9.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.37% | 7.95% | 0.68x | 2.47x | NT$22.47 Million |
| 2018 | 9.90% | 7.94% | 0.54x | 2.33x | NT$-909.00K |
| 2019 | 6.27% | 5.01% | 0.49x | 2.57x | NT$-32.63 Million |
| 2020 | 11.11% | 8.35% | 0.56x | 2.38x | NT$10.51 Million |
| 2021 | 9.13% | 6.62% | 0.57x | 2.43x | NT$-8.57 Million |
| 2022 | 19.17% | 14.85% | 0.54x | 2.39x | NT$107.85 Million |
| 2023 | 15.98% | 12.55% | 0.57x | 2.24x | NT$76.27 Million |
| 2024 | 3.87% | 3.62% | 0.48x | 2.24x | NT$-75.30 Million |
| 2025 | -1.74% | -1.64% | 0.46x | 2.28x | NT$-139.55 Million |
Industry Comparison
This section compares Gongin Precision Industrial Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $2,595,624,000
- Average return on equity (ROE) among peers: 15.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gongin Precision Industrial Co Ltd (3178) | NT$1.22 Billion | 13.37% | 1.28x | $84.45 Million |
| Basso Industry Corp (1527) | $2.25 Billion | 26.82% | 0.58x | $140.58 Million |
| Jenn Feng New Energy Co Ltd (1538) | $2.20 Billion | 14.08% | 0.93x | $9.01 Million |
| Chang Type Industrial Co Ltd (1541) | $1.28 Billion | 26.95% | 1.05x | $51.51 Million |
| Kinik Co (1560) | $1.20 Billion | 5.23% | 1.52x | $3.48 Billion |
| De Poan Pneumatic (1570) | $1.02 Billion | 11.29% | 0.18x | $52.65 Million |
| Inmax Holding Co Ltd (1591) | $411.00 Million | 12.11% | 0.54x | $46.75 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $6.30 Billion | 0.00% | 0.68x | $76.38 Million |
| Hiwin Technologies Corp (2049) | $9.24 Billion | 41.22% | 1.22x | $3.67 Billion |
| Sheh Kai Precision Co Ltd (2063) | $278.48 Million | 17.59% | 1.37x | $35.84 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.78 Billion | 3.97% | 0.91x | $70.14 Million |
About Gongin Precision Industrial Co Ltd
Gongin Precision Ind. Co., Ltd engages in manufacturing, processing, and sale of various molds, special machinery, electronic components, and molds for aircraft engines and structures in Taiwan and Mainland China. The company was founded in 1967 and is based in Kaohsiung, Taiwan.