Yeh-Chiang Technology
Yeh Chiang Technology Corporation engages in the production and sale of heat pipe components in Taiwan and internationally. The company offers high-tech thermal conductivity components, solder, LED lighting products, lighting equipment, semiconductor packaging wire, wire rods, heat guide plates, and thin tubes. Yeh Chiang Technology Corporation was incorporated in 1994 and is headquartered in Tai… Read more
Yeh-Chiang Technology (6124) - Net Assets
Latest net assets as of June 2025: NT$2.94 Billion TWD
Based on the latest financial reports, Yeh-Chiang Technology (6124) has net assets worth NT$2.94 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$4.35 Billion) and total liabilities (NT$1.40 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$2.94 Billion |
| % of Total Assets | 67.7% |
| Annual Growth Rate | 4.09% |
| 5-Year Change | 3.4% |
| 10-Year Change | 22.3% |
| Growth Volatility | 12.68 |
Yeh-Chiang Technology - Net Assets Trend (2002–2024)
This chart illustrates how Yeh-Chiang Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Yeh-Chiang Technology (2002–2024)
The table below shows the annual net assets of Yeh-Chiang Technology from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.36 Billion | -4.14% |
| 2023-12-31 | NT$3.50 Billion | -2.86% |
| 2022-12-31 | NT$3.60 Billion | +3.28% |
| 2021-12-31 | NT$3.49 Billion | +7.52% |
| 2020-12-31 | NT$3.25 Billion | +9.97% |
| 2019-12-31 | NT$2.95 Billion | +7.47% |
| 2018-12-31 | NT$2.75 Billion | +4.09% |
| 2017-12-31 | NT$2.64 Billion | -9.24% |
| 2016-12-31 | NT$2.91 Billion | +5.93% |
| 2015-12-31 | NT$2.74 Billion | -3.96% |
| 2014-12-31 | NT$2.86 Billion | +1.17% |
| 2013-12-31 | NT$2.82 Billion | +4.57% |
| 2012-12-31 | NT$2.70 Billion | +1.64% |
| 2011-12-31 | NT$2.66 Billion | +2.22% |
| 2010-12-31 | NT$2.60 Billion | -2.29% |
| 2009-12-31 | NT$2.66 Billion | +0.44% |
| 2008-12-31 | NT$2.65 Billion | -7.37% |
| 2007-12-31 | NT$2.86 Billion | +3.77% |
| 2006-12-31 | NT$2.76 Billion | +11.89% |
| 2005-12-31 | NT$2.46 Billion | +57.45% |
| 2004-12-31 | NT$1.56 Billion | +7.82% |
| 2003-12-31 | NT$1.45 Billion | +4.35% |
| 2002-12-31 | NT$1.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yeh-Chiang Technology'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 68876100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$688.76 Million | 20.94% |
| Other Components | NT$2.60 Billion | 79.06% |
| Total Equity | NT$3.29 Billion | 100.00% |
Yeh-Chiang Technology Competitors by Market Cap
The table below lists competitors of Yeh-Chiang Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suprema HQ Inc
KQ:094840
|
$20.47 Million |
|
Helport AI Limited Ordinary Shares
NASDAQ:HPAI
|
$20.47 Million |
|
Klimasan Klima Sanayi ve Ticaret AS
IS:KLMSN
|
$20.47 Million |
|
Eagle Veterinary Technology Co.Ltd
KQ:044960
|
$20.48 Million |
|
Ranix INC
KQ:317120
|
$20.46 Million |
|
SSC Security Services Corp
OTCQX:SECUF
|
$20.45 Million |
|
Freemelt Holding AB
ST:FREEM
|
$20.45 Million |
|
Salter Brothers Emerging Companies Ltd
AU:SB2
|
$20.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yeh-Chiang Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,439,793,000 to 3,289,881,000, a change of -149,912,000 (-4.4%).
- Net loss of 217,707,000 reduced equity.
- Dividend payments of 914,000 reduced retained earnings.
- Other factors increased equity by 68,709,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-217.71 Million | -6.62% |
| Dividends Paid | NT$914.00K | -0.03% |
| Other Changes | NT$68.71 Million | +2.09% |
| Total Change | NT$- | -4.36% |
Book Value vs Market Value Analysis
This analysis compares Yeh-Chiang Technology'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: 1.86x
- 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 2.36x to 1.86x 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$14.19 | NT$33.50 | x |
| 2018-12-31 | NT$14.75 | NT$33.50 | x |
| 2019-12-31 | NT$15.86 | NT$33.50 | x |
| 2020-12-31 | NT$17.23 | NT$33.50 | x |
| 2021-12-31 | NT$18.69 | NT$33.50 | x |
| 2022-12-31 | NT$19.42 | NT$33.50 | x |
| 2023-12-31 | NT$18.85 | NT$33.50 | x |
| 2024-12-31 | NT$18.03 | NT$33.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yeh-Chiang Technology utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.13%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.43x
- Recent ROE (-6.62%) is below the historical average (3.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.18% | 5.95% | 0.54x | 1.31x | NT$-84.53 Million |
| 2004 | 7.34% | 5.98% | 0.75x | 1.65x | NT$-41.67 Million |
| 2005 | 16.69% | 16.29% | 0.86x | 1.19x | NT$164.81 Million |
| 2006 | 9.75% | 13.81% | 0.65x | 1.08x | NT$-6.97 Million |
| 2007 | 7.37% | 10.08% | 0.68x | 1.07x | NT$-75.26 Million |
| 2009 | 0.34% | 0.81% | 0.39x | 1.06x | NT$-256.80 Million |
| 2010 | 0.35% | 0.58% | 0.55x | 1.10x | NT$-250.61 Million |
| 2011 | 0.17% | 0.23% | 0.68x | 1.14x | NT$-260.88 Million |
| 2012 | 1.09% | 1.30% | 0.75x | 1.12x | NT$-238.42 Million |
| 2013 | 3.52% | 4.71% | 0.65x | 1.16x | NT$-181.78 Million |
| 2015 | -2.05% | -3.15% | 0.58x | 1.13x | NT$-329.98 Million |
| 2016 | 7.52% | 9.85% | 0.63x | 1.21x | NT$-70.70 Million |
| 2017 | -9.47% | -11.40% | 0.70x | 1.18x | NT$-504.08 Million |
| 2018 | 4.14% | 5.85% | 0.63x | 1.13x | NT$-157.75 Million |
| 2019 | 7.70% | 9.92% | 0.58x | 1.33x | NT$-66.61 Million |
| 2020 | 8.61% | 10.24% | 0.59x | 1.42x | NT$-44.27 Million |
| 2021 | 6.84% | 9.17% | 0.52x | 1.42x | NT$-108.50 Million |
| 2022 | 2.36% | 3.99% | 0.40x | 1.46x | NT$-271.14 Million |
| 2023 | -2.50% | -4.71% | 0.38x | 1.41x | NT$-429.83 Million |
| 2024 | -6.62% | -12.13% | 0.38x | 1.43x | NT$-546.70 Million |
Industry Comparison
This section compares Yeh-Chiang Technology's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yeh-Chiang Technology (6124) | NT$2.94 Billion | 4.18% | 0.48x | $20.47 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |