Hsinli Chemical Industrial
HsinLi Chemical Industrial Corp. engages in the manufacture and sale of synthetic and plastic leather products in Taiwan and internationally. The company provides TPU products, moisture-penetrate polyurethane (PU) films, and PU synthetic leather products; furniture, automobile decoration, and soft polyvinyl chloride series products; and leather sofa, wallpapers, car seats, seat covers, and cushio… Read more
Hsinli Chemical Industrial (4303) - Net Assets
Latest net assets as of September 2025: NT$3.85 Billion TWD
Based on the latest financial reports, Hsinli Chemical Industrial (4303) has net assets worth NT$3.85 Billion 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$4.92 Billion) and total liabilities (NT$1.07 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$3.85 Billion |
| % of Total Assets | 78.28% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | 147.11% |
| 10-Year Change | N/A |
| Growth Volatility | 49.09 |
Hsinli Chemical Industrial - Net Assets Trend (2017–2024)
This chart illustrates how Hsinli Chemical Industrial's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hsinli Chemical Industrial (2017–2024)
The table below shows the annual net assets of Hsinli Chemical Industrial from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.17 Billion | +127.90% |
| 2023-12-31 | NT$953.34 Million | +14.96% |
| 2022-12-31 | NT$829.25 Million | -12.47% |
| 2021-12-31 | NT$947.35 Million | +7.75% |
| 2020-12-31 | NT$879.20 Million | -11.47% |
| 2019-12-31 | NT$993.11 Million | +3.54% |
| 2018-12-31 | NT$959.18 Million | -35.00% |
| 2017-12-31 | NT$1.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hsinli Chemical Industrial'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 35.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$816.69 Million | 41.39% |
| Other Components | NT$1.16 Billion | 58.61% |
| Total Equity | NT$1.97 Billion | 100.00% |
Hsinli Chemical Industrial Competitors by Market Cap
The table below lists competitors of Hsinli Chemical Industrial ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investco Holding AS
IS:INVES
|
$147.70 Million |
|
Repay Holdings Corp
NASDAQ:RPAY
|
$147.71 Million |
|
Universal Microelectronics Co Ltd
TW:2413
|
$147.77 Million |
|
STRATUS PROPERTIES DL-01
F:SR5
|
$147.84 Million |
|
Elridge Energy Holdings Berhad
KLSE:0318
|
$147.60 Million |
|
Shenzhen Weiye Decoration Group Co Ltd
SHE:300621
|
$147.58 Million |
|
First Financial Northwest Inc
NASDAQ:FFNW
|
$147.53 Million |
|
KENGIC Intelligent Technology Co. Ltd. A
SHG:688455
|
$147.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hsinli Chemical Industrial's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 953,339,000 to 1,973,096,000, a change of 1,019,757,000 (107.0%).
- Net income of 817,157,000 contributed positively to equity growth.
- Dividend payments of 91,800,000 reduced retained earnings.
- Other factors increased equity by 294,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$817.16 Million | +41.41% |
| Dividends Paid | NT$91.80 Million | -4.65% |
| Other Changes | NT$294.40 Million | +14.92% |
| Total Change | NT$- | 106.97% |
Book Value vs Market Value Analysis
This analysis compares Hsinli Chemical Industrial'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: 2.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$21.08 | NT$59.00 | x |
| 2018-12-31 | NT$13.70 | NT$59.00 | x |
| 2019-12-31 | NT$14.19 | NT$59.00 | x |
| 2020-12-31 | NT$12.56 | NT$59.00 | x |
| 2021-12-31 | NT$13.56 | NT$59.00 | x |
| 2022-12-31 | NT$12.28 | NT$59.00 | x |
| 2023-12-31 | NT$12.08 | NT$59.00 | x |
| 2024-12-31 | NT$20.86 | NT$59.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hsinli Chemical Industrial 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): 41.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 218.53%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.68x
- Recent ROE (41.41%) is above the historical average (20.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 83.22% | 293.99% | 0.22x | 1.29x | NT$1.08 Billion |
| 2018 | 9.46% | 21.01% | 0.37x | 1.21x | NT$-5.20 Million |
| 2019 | 11.50% | 27.00% | 0.35x | 1.23x | NT$14.88 Million |
| 2020 | -3.23% | -8.54% | 0.28x | 1.34x | NT$-116.35 Million |
| 2021 | 14.44% | 37.47% | 0.29x | 1.33x | NT$42.03 Million |
| 2022 | -4.97% | -12.66% | 0.23x | 1.74x | NT$-124.12 Million |
| 2023 | 12.95% | 76.34% | 0.10x | 1.63x | NT$28.13 Million |
| 2024 | 41.41% | 218.53% | 0.11x | 1.68x | NT$619.85 Million |
Industry Comparison
This section compares Hsinli Chemical Industrial's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $23,390,363,000
- Average return on equity (ROE) among peers: 1.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hsinli Chemical Industrial (4303) | NT$3.85 Billion | 83.22% | 0.28x | $147.63 Million |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Feng Tay Enterprises Co Ltd (9910) | $10.17 Billion | 9.14% | 0.32x | $1.01 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |