Hsinjing Holding Co Ltd (3713) - Net Assets
Based on the latest financial reports, Hsinjing Holding Co Ltd (3713) has net assets worth NT$715.48 Million TWD (≈ $22.54 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.80 Billion ≈ $88.07 Million USD) and total liabilities (NT$2.08 Billion ≈ $65.53 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 financial resilience of Hsinjing Holding Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$715.48 Million |
| % of Total Assets | 25.6% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 15.23% |
| 10-Year Change | N/A |
| Growth Volatility | 18.93 |
Hsinjing Holding Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Hsinjing Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 3713 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hsinjing Holding Co Ltd (2017–2025)
The table below shows the annual net assets of Hsinjing Holding Co Ltd from 2017 to 2025. For live valuation and market cap data, see market value of Hsinjing Holding Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$715.48 Million ≈ $22.54 Million |
+14.57% |
| 2024-12-31 | NT$624.50 Million ≈ $19.68 Million |
-6.57% |
| 2023-12-31 | NT$668.40 Million ≈ $21.06 Million |
-3.39% |
| 2022-12-31 | NT$691.83 Million ≈ $21.80 Million |
+11.42% |
| 2021-12-31 | NT$620.93 Million ≈ $19.56 Million |
+24.29% |
| 2020-12-31 | NT$499.58 Million ≈ $15.74 Million |
-11.44% |
| 2019-12-31 | NT$564.15 Million ≈ $17.77 Million |
+2.95% |
| 2018-12-31 | NT$547.98 Million ≈ $17.26 Million |
+50.95% |
| 2017-12-31 | NT$363.01 Million ≈ $11.44 Million |
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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 17824900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$1.11 Billion | 156.89% |
| Total Equity | NT$707.22 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 |
|---|---|
|
TWL Holdings Bhd
KLSE:7079
|
$41.22 Million |
|
Persimmon PLC
LSE:PSN
|
$41.22 Million |
|
Koss Corporation
NASDAQ:KOSS
|
$41.23 Million |
|
Hyperion DeFi, Inc.
NASDAQ:HYPD
|
$41.26 Million |
|
Abnova Taiwan Corp
TW:4133
|
$41.21 Million |
|
Koge Micro Tech Co Ltd
TWO:4568
|
$41.21 Million |
|
Lite Strategy, Inc.
NASDAQ:LITS
|
$41.20 Million |
|
First Graphene Ltd
F:M11
|
$41.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsinjing Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 619,298,000 to 707,219,000, a change of 87,921,000 (14.2%).
- Net loss of 91,686,000 reduced equity.
- New share issuances of 178,811,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-91.69 Million | -12.96% |
| Share Issuances | NT$178.81 Million | +25.28% |
| Other Changes | NT$796.00K | +0.11% |
| Total Change | NT$- | 14.20% |
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: 1.85x
- 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 3.19x to 1.85x 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$14.85 | x |
| 2018-12-31 | NT$7.02 | NT$14.85 | x |
| 2019-12-31 | NT$6.27 | NT$14.85 | x |
| 2020-12-31 | NT$6.33 | NT$14.85 | x |
| 2021-12-31 | NT$7.83 | NT$14.85 | x |
| 2022-12-31 | NT$8.73 | NT$14.85 | x |
| 2023-12-31 | NT$8.47 | NT$14.85 | x |
| 2024-12-31 | NT$7.85 | NT$14.85 | x |
| 2025-12-31 | NT$8.03 | NT$14.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsinjing Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.29%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.95x
- Recent ROE (-12.96%) is below the historical average (-6.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -27.09% | -28.96% | 0.61x | 1.54x | NT$-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$-103.53 Million |
| 2025 | -12.96% | -28.29% | 0.12x | 3.95x | NT$-162.41 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: $5,607,222,000
- Average return on equity (ROE) among peers: 1.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsinjing Holding Co Ltd (3713) | NT$715.48 Million | -27.09% | 2.91x | $41.21 Million |
| Gigastorage Corp (2406) | $5.85 Billion | 13.57% | 0.25x | $337.74 Million |
| United Renewable Energy Co Ltd (3576) | $5.51 Billion | 15.10% | 0.99x | $820.01 Million |
| Danen Technology Corp (3686) | $5.01 Billion | -10.72% | 0.10x | $41.45 Million |
| Gigasolar Materials (3691) | $5.36 Billion | 3.53% | 1.30x | $341.59 Million |
| Tainergy Tech Co Ltd (4934) | $1.88 Billion | -4.81% | 1.40x | $112.71 Million |
| Motech Industries Co Ltd (6244) | $14.52 Billion | -4.39% | 1.31x | $334.11 Million |
| TSEC Corp (6443) | $3.23 Billion | -6.21% | 1.43x | $571.11 Million |
| ANJI Technology Co. Ltd (6477) | $3.50 Billion | 4.27% | 1.25x | $130.26 Million |
About 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