Chian Hsing Forging Industrial Co Ltd (4528) - Net Assets
Based on the latest financial reports, Chian Hsing Forging Industrial Co Ltd (4528) has net assets worth NT$2.11 Billion TWD (≈ $66.62 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.57 Billion ≈ $112.60 Million USD) and total liabilities (NT$1.46 Billion ≈ $45.99 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 Chian Hsing Forging Industrial Co Ltd (4528) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.11 Billion |
| % of Total Assets | 59.16% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | 8.28% |
| 10-Year Change | N/A |
| Growth Volatility | 4.84 |
Chian Hsing Forging Industrial Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Chian Hsing Forging Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chian Hsing Forging Industrial Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Chian Hsing Forging Industrial Co Ltd (2015–2024)
The table below shows the annual net assets of Chian Hsing Forging Industrial Co Ltd from 2015 to 2024. For live valuation and market cap data, see Chian Hsing Forging Industrial Co Ltd (4528) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.28 Billion ≈ $71.69 Million |
+1.63% |
| 2023-12-31 | NT$2.24 Billion ≈ $70.54 Million |
-3.40% |
| 2022-12-31 | NT$2.32 Billion ≈ $73.03 Million |
+8.27% |
| 2021-12-31 | NT$2.14 Billion ≈ $67.45 Million |
+1.87% |
| 2020-12-31 | NT$2.10 Billion ≈ $66.21 Million |
+5.56% |
| 2019-12-31 | NT$1.99 Billion ≈ $62.72 Million |
+1.32% |
| 2018-12-31 | NT$1.96 Billion ≈ $61.91 Million |
+4.16% |
| 2017-12-31 | NT$1.89 Billion ≈ $59.43 Million |
+13.57% |
| 2016-12-31 | NT$1.66 Billion ≈ $52.33 Million |
-1.37% |
| 2015-12-31 | NT$1.68 Billion ≈ $53.06 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chian Hsing Forging 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 9.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$953.75 Million | 41.91% |
| Other Components | NT$1.32 Billion | 58.09% |
| Total Equity | NT$2.28 Billion | 100.00% |
Chian Hsing Forging Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Chian Hsing Forging Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OS Therapies Incorporated
NYSE MKT:OSTX
|
$42.96 Million |
|
Baltic Sea Properties AS
OL:BALT
|
$42.98 Million |
|
Corby Spirit and Wine Limited
TO:CSW-B
|
$43.00 Million |
|
JSS Real Estate SOCIMI SA
MC:YJSS
|
$43.00 Million |
|
Estoril Sol SGPS SA
LS:ESON
|
$42.95 Million |
|
Hyungkuk F&B Co Ltd
KQ:189980
|
$42.95 Million |
|
Oceanpal Inc
NASDAQ:OP
|
$42.95 Million |
|
Adaptimmune Therapeutics plc
F:473A
|
$42.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chian Hsing Forging Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,239,072,000 to 2,275,512,000, a change of 36,440,000 (1.6%).
- Net income of 823,000 contributed positively to equity growth.
- Dividend payments of 50,499,000 reduced retained earnings.
- Other factors increased equity by 86,116,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$823.00K | +0.04% |
| Dividends Paid | NT$50.50 Million | -2.22% |
| Other Changes | NT$86.12 Million | +3.78% |
| Total Change | NT$- | 1.63% |
Book Value vs Market Value Analysis
This analysis compares Chian Hsing Forging 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: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$24.66 | NT$16.20 | x |
| 2018-12-31 | NT$25.68 | NT$16.20 | x |
| 2019-12-31 | NT$26.02 | NT$16.20 | x |
| 2020-12-31 | NT$27.47 | NT$16.20 | x |
| 2021-12-31 | NT$27.98 | NT$16.20 | x |
| 2022-12-31 | NT$30.29 | NT$16.20 | x |
| 2023-12-31 | NT$26.60 | NT$16.20 | x |
| 2024-12-31 | NT$27.04 | NT$16.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chian Hsing Forging 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): 0.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.05%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.61x
- Recent ROE (0.04%) is below the historical average (10.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 16.16% | 12.21% | 0.70x | 1.89x | NT$103.82 Million |
| 2016 | 14.17% | 10.50% | 0.68x | 1.98x | NT$69.24 Million |
| 2017 | 19.53% | 13.45% | 0.72x | 2.03x | NT$179.75 Million |
| 2018 | 14.14% | 9.88% | 0.73x | 1.97x | NT$81.36 Million |
| 2019 | 11.77% | 8.26% | 0.72x | 1.98x | NT$35.26 Million |
| 2020 | 11.10% | 10.30% | 0.57x | 1.89x | NT$23.02 Million |
| 2021 | 8.47% | 7.15% | 0.55x | 2.15x | NT$-32.79 Million |
| 2022 | 7.77% | 7.41% | 0.55x | 1.90x | NT$-51.71 Million |
| 2023 | 3.41% | 3.92% | 0.50x | 1.73x | NT$-147.54 Million |
| 2024 | 0.04% | 0.05% | 0.47x | 1.61x | NT$-226.73 Million |
Industry Comparison
This section compares Chian Hsing Forging Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $3,947,219,200
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chian Hsing Forging Industrial Co Ltd (4528) | NT$2.11 Billion | 16.16% | 0.69x | $42.96 Million |
| Tong Yang Industry Co Ltd (1319) | $11.24 Billion | 5.63% | 1.19x | $1.39 Billion |
| Taihan Precision Technology Co Ltd (1336) | $1.66 Billion | 6.42% | 0.51x | $33.99 Million |
| Hiroca Holdings Ltd (1338) | $6.78 Billion | 8.05% | 0.47x | $41.60 Million |
| Y.C.C. Parts MFG Co Ltd (1339) | $3.82 Billion | 10.71% | 0.45x | $95.75 Million |
| Right Way Industrial Co Ltd (1506) | $1.21 Billion | -6.78% | 1.25x | $102.21 Million |
| Jui Li Enterprise Co Ltd (1512) | $1.99 Billion | 0.51% | 0.82x | $23.14 Million |
| Ta Yih Industrial Co Ltd (1521) | $1.90 Billion | 18.96% | 0.91x | $59.68 Million |
| TYC Brother Industrial Co Ltd (1522) | $5.71 Billion | 9.68% | 1.73x | $304.19 Million |
| Gordon Auto Body Parts Co Ltd (1524) | $2.06 Billion | 0.30% | 1.75x | $146.61 Million |
| Kian Shen Corp (1525) | $3.11 Billion | 10.29% | 0.23x | $146.38 Million |
About Chian Hsing Forging Industrial Co Ltd
Chian Hsing Forging Industrial Co., Ltd. engages in the manufacture and sale of various forged products in Taiwan. Its forged products include hardware, bicycle, motorbike, automobile, and track vehicle parts, as well as industrial engineering vehicle components and other products. The company provides auto parts comprising C.V. joints and driving elements of front wheel; inner race crosses; bear… Read more