Kwang Ming Silk Mill Co Ltd
Kwang Ming Silk Mill Co., Ltd. manufactures and sells processed polyester yarns in Taiwan. It operates in two divisions, Fiber and Real Estate Development. It offers fine denier and functional yarns; knitted yarns; and composite, specialized functional, and synthetic fabrics. The company's products are used in fashion apparel, eco-friendly recycled polyester fabrics, outdoor and leisure sportswea… Read more
Kwang Ming Silk Mill Co Ltd (4420) - Net Assets
Latest net assets as of September 2025: NT$1.50 Billion TWD
Based on the latest financial reports, Kwang Ming Silk Mill Co Ltd (4420) has net assets worth NT$1.50 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$1.73 Billion) and total liabilities (NT$231.41 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$1.50 Billion |
| % of Total Assets | 86.62% |
| Annual Growth Rate | 7.31% |
| 5-Year Change | 21.7% |
| 10-Year Change | N/A |
| Growth Volatility | 50.48 |
Kwang Ming Silk Mill Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Kwang Ming Silk Mill 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 Kwang Ming Silk Mill Co Ltd (2016–2024)
The table below shows the annual net assets of Kwang Ming Silk Mill Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.51 Billion | -44.40% |
| 2023-12-31 | NT$2.72 Billion | +134.00% |
| 2022-12-31 | NT$1.16 Billion | -6.91% |
| 2021-12-31 | NT$1.25 Billion | +0.50% |
| 2020-12-31 | NT$1.24 Billion | -7.43% |
| 2019-12-31 | NT$1.34 Billion | +49.36% |
| 2018-12-31 | NT$897.49 Million | +3.14% |
| 2017-12-31 | NT$870.14 Million | +1.28% |
| 2016-12-31 | NT$859.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kwang Ming Silk Mill 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 455.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$546.09 Million | 36.16% |
| Other Components | NT$964.18 Million | 63.84% |
| Total Equity | NT$1.51 Billion | 100.00% |
Kwang Ming Silk Mill Co Ltd Competitors by Market Cap
The table below lists competitors of Kwang Ming Silk Mill Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin Yang Shipping Corporation Bhd
KLSE:5173
|
$25.55 Million |
|
Royalty Management Holding Corporation
NASDAQ:RMCO
|
$25.55 Million |
|
Korea Steel Co Ltd
KO:007280
|
$25.55 Million |
|
Buana Finance Tbk
JK:BBLD
|
$25.56 Million |
|
BIDV Insurance Corp
VN:BIC
|
$25.54 Million |
|
S.C. CHIMCOMPLEX S.A.
RO:CRC
|
$25.54 Million |
|
Delfingen
PA:ALDEL
|
$25.53 Million |
|
Brunswick Exploration Inc.
PINK:BRWXF
|
$25.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kwang Ming Silk Mill Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,716,458,000 to 1,510,270,000, a change of -1,206,188,000 (-44.4%).
- Net income of 250,192,000 contributed positively to equity growth.
- Dividend payments of 1,456,380,000 reduced retained earnings.
- Other comprehensive income decreased equity by 194,481,000.
- Other factors increased equity by 194,481,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$250.19 Million | +16.57% |
| Dividends Paid | NT$1.46 Billion | -96.43% |
| Other Comprehensive Income | NT$-194.48 Million | -12.88% |
| Other Changes | NT$194.48 Million | +12.88% |
| Total Change | NT$- | -44.40% |
Book Value vs Market Value Analysis
This analysis compares Kwang Ming Silk Mill 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: 1.34x
- 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 2.13x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | NT$23.50 | NT$50.10 | x |
| 2017-12-31 | NT$21.48 | NT$50.10 | x |
| 2018-12-31 | NT$22.16 | NT$50.10 | x |
| 2019-12-31 | NT$32.99 | NT$50.10 | x |
| 2020-12-31 | NT$30.67 | NT$50.10 | x |
| 2021-12-31 | NT$30.79 | NT$50.10 | x |
| 2022-12-31 | NT$28.70 | NT$50.10 | x |
| 2023-12-31 | NT$66.51 | NT$50.10 | x |
| 2024-12-31 | NT$37.33 | NT$50.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kwang Ming Silk Mill Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.94%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.34x
- Recent ROE (16.57%) is above the historical average (15.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.69% | 2.40% | 0.91x | 1.23x | NT$-62.79 Million |
| 2017 | 6.84% | 5.38% | 0.90x | 1.41x | NT$-27.47 Million |
| 2018 | 8.48% | 6.93% | 0.71x | 1.72x | NT$-13.67 Million |
| 2019 | 41.16% | 65.29% | 0.34x | 1.83x | NT$417.71 Million |
| 2020 | -1.50% | -3.15% | 0.23x | 2.11x | NT$-142.76 Million |
| 2021 | 6.62% | 9.01% | 0.34x | 2.18x | NT$-42.10 Million |
| 2022 | -0.38% | -0.47% | 0.35x | 2.32x | NT$-120.44 Million |
| 2023 | 60.23% | 237.48% | 0.16x | 1.60x | NT$1.36 Billion |
| 2024 | 16.57% | 29.94% | 0.41x | 1.34x | NT$99.17 Million |
Industry Comparison
This section compares Kwang Ming Silk Mill Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $10,082,241,600
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kwang Ming Silk Mill Co Ltd (4420) | NT$1.50 Billion | 2.69% | 0.15x | $25.54 Million |
| San Fang Chemical Industry Co Ltd (1307) | $3.11 Billion | 9.38% | 1.04x | $159.74 Million |
| Fulin Plastic Industry Cayman Holding Co Ltd (1341) | $1.12 Billion | 13.50% | 1.05x | $17.61 Million |
| Cathay Consolidated Inc (1342) | $767.81 Million | 20.83% | 0.72x | $152.57 Million |
| Far Eastern New Century Corp (1402) | $69.12 Billion | 1.05% | 1.32x | $2.98 Billion |
| Shinkong Synthetic Fiber Corp (1409) | $14.05 Billion | 3.65% | 0.92x | $539.09 Million |
| Nan Yang Dyeing & Finishing Co Ltd (1410) | $1.26 Billion | 8.25% | 0.21x | $41.23 Million |
| Hung Chou Fiber Ind Co Ltd (1413) | $895.15 Million | 13.02% | 1.59x | $18.51 Million |
| Tung Ho Textile Co Ltd (1414) | $1.54 Billion | -19.15% | 2.15x | $46.96 Million |
| Tong-Hwa Synthetic Fiber Co Ltd (1418) | $2.35 Billion | 0.00% | 0.89x | $10.53 Million |
| Shinkong Textile Co Ltd (1419) | $6.62 Billion | 3.47% | 0.46x | $306.86 Million |