Hsinjing Holding Co Ltd
Hsinjing Holding Co., Ltd., together with its subsidiaries, plans, designs, and installs solar power generation systems in Taiwan. The company engages in the research, development, manufacturing, and sale of various solar panel modules; investment, development, construction, and operation of solar power plants; and ownership of solar power stations. It is also involved in renewable energy self-us… Read more
Hsinjing Holding Co Ltd (3713) - Net Assets
Latest net assets as of September 2025: NT$761.59 Million TWD
Based on the latest financial reports, Hsinjing Holding Co Ltd (3713) has net assets worth NT$761.59 Million 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$2.91 Billion) and total liabilities (NT$2.15 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$761.59 Million |
| % of Total Assets | 26.19% |
| Annual Growth Rate | 8.06% |
| 5-Year Change | 25.0% |
| 10-Year Change | N/A |
| Growth Volatility | 20.16 |
Hsinjing Holding Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Hsinjing Holding 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 Hsinjing Holding Co Ltd (2017–2024)
The table below shows the annual net assets of Hsinjing Holding Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$624.50 Million | -6.57% |
| 2023-12-31 | NT$668.40 Million | -3.39% |
| 2022-12-31 | NT$691.83 Million | +11.42% |
| 2021-12-31 | NT$620.93 Million | +24.29% |
| 2020-12-31 | NT$499.58 Million | -11.44% |
| 2019-12-31 | NT$564.15 Million | +2.95% |
| 2018-12-31 | NT$547.98 Million | +50.95% |
| 2017-12-31 | NT$363.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hsinjing Holding 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 decreased by 8656300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$929.91 Million | 150.16% |
| Total Equity | NT$619.30 Million | 100.00% |
Hsinjing Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Hsinjing Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ELTA Technology Co.,Ltd.
TW:8487
|
$29.24 Million |
|
Spectral AI Inc.
NASDAQ:MDAI
|
$29.27 Million |
|
Maan Aluminium Limited
NSE:MAANALU
|
$29.27 Million |
|
Micro-X Limited
PINK:MCRXF
|
$29.28 Million |
|
Howteh Technology Co Ltd
TWO:3114
|
$29.24 Million |
|
SG Capital PCL
BK:SGC
|
$29.23 Million |
|
Lucky Royal Co., Ltd.
TW:7791
|
$29.23 Million |
|
NFiniTi inc.
PINK:NFTN
|
$29.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsinjing Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 661,791,000 to 619,298,000, a change of -42,493,000 (-6.4%).
- Net loss of 41,604,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-41.60 Million | -6.72% |
| Other Changes | NT$-889.00K | -0.14% |
| Total Change | NT$- | -6.42% |
Book Value vs Market Value Analysis
This analysis compares Hsinjing Holding 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: 2.26x
- 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 3.82x to 2.26x 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$4.65 | NT$17.75 | x |
| 2018-12-31 | NT$7.02 | NT$17.75 | x |
| 2019-12-31 | NT$6.27 | NT$17.75 | x |
| 2020-12-31 | NT$6.33 | NT$17.75 | x |
| 2021-12-31 | NT$7.83 | NT$17.75 | x |
| 2022-12-31 | NT$8.73 | NT$17.75 | x |
| 2023-12-31 | NT$8.47 | NT$17.75 | x |
| 2024-12-31 | NT$7.85 | NT$17.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsinjing Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.79%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 4.82x
- Recent ROE (-6.72%) is below the historical average (-5.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -27.09% | -28.96% | 0.61x | 1.54x | NT$-134.63 Million |
| 2018 | -13.41% | -19.22% | 0.55x | 1.27x | NT$-128.28 Million |
| 2019 | -12.26% | -21.36% | 0.50x | 1.16x | NT$-108.89 Million |
| 2020 | 1.04% | 3.03% | 0.23x | 1.50x | NT$-44.30 Million |
| 2021 | 5.49% | 4.97% | 0.44x | 2.50x | NT$-27.60 Million |
| 2022 | 10.08% | 5.38% | 0.52x | 3.59x | NT$514.60K |
| 2023 | -3.20% | -2.79% | 0.28x | 4.14x | NT$-87.35 Million |
| 2024 | -6.72% | -11.79% | 0.12x | 4.82x | NT$-103.53 Million |
Industry Comparison
This section compares Hsinjing Holding Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $6,018,047,889
- Average return on equity (ROE) among peers: -7.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsinjing Holding Co Ltd (3713) | NT$761.59 Million | -27.09% | 2.82x | $29.24 Million |
| Gigastorage Corp (2406) | $7.34 Billion | -3.73% | 1.01x | $214.24 Million |
| United Renewable Energy Co Ltd (3576) | $13.11 Billion | -29.67% | 1.19x | $980.87 Million |
| Danen Technology Corp (3686) | $4.78 Billion | -6.85% | 0.63x | $38.94 Million |
| Gigasolar Materials (3691) | $5.22 Billion | -18.27% | 2.15x | $145.51 Million |
| Hengs Technology Co., Ltd. (4582) | $1.07 Billion | 22.10% | 1.42x | $38.01 Million |
| Tainergy Tech Co Ltd (4934) | $4.47 Billion | 3.92% | 0.60x | $89.09 Million |
| Win Win Precision Technology Co., Ltd. (4949) | $1.55 Billion | -5.81% | 0.28x | $19.71K |
| Motech Industries Co Ltd (6244) | $14.23 Billion | 1.77% | 1.09x | $191.85 Million |
| TSEC Corp (6443) | $2.39 Billion | -29.28% | 1.63x | $739.29 Million |