Sinopower Semiconductor (6435) - Net Assets
Based on the latest financial reports, Sinopower Semiconductor (6435) has net assets worth NT$2.05 Billion TWD (≈ $64.70 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$2.76 Billion ≈ $86.89 Million USD) and total liabilities (NT$704.33 Million ≈ $22.19 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 6435 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.05 Billion |
| % of Total Assets | 74.46% |
| Annual Growth Rate | 13.87% |
| 5-Year Change | 42.28% |
| 10-Year Change | 224.43% |
| Growth Volatility | 10.86 |
Sinopower Semiconductor - Net Assets Trend (2011–2025)
This chart illustrates how Sinopower Semiconductor's net assets have evolved over time, based on quarterly financial data. Also explore Sinopower Semiconductor (6435) total assets for the complete picture of this company's asset base.
Annual Net Assets for Sinopower Semiconductor (2011–2025)
The table below shows the annual net assets of Sinopower Semiconductor from 2011 to 2025. For live valuation and market cap data, see 6435 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.05 Billion ≈ $64.70 Million |
+14.78% |
| 2024-12-31 | NT$1.79 Billion ≈ $56.37 Million |
+5.68% |
| 2023-12-31 | NT$1.69 Billion ≈ $53.34 Million |
+11.54% |
| 2022-12-31 | NT$1.52 Billion ≈ $47.82 Million |
+5.16% |
| 2021-12-31 | NT$1.44 Billion ≈ $45.48 Million |
+45.53% |
| 2020-12-31 | NT$991.85 Million ≈ $31.25 Million |
+12.89% |
| 2019-12-31 | NT$878.61 Million ≈ $27.68 Million |
+1.15% |
| 2018-12-31 | NT$868.63 Million ≈ $27.37 Million |
+25.85% |
| 2017-12-31 | NT$690.19 Million ≈ $21.74 Million |
+9.03% |
| 2016-12-31 | NT$633.00 Million ≈ $19.94 Million |
+16.81% |
| 2015-12-31 | NT$541.92 Million ≈ $17.07 Million |
+4.89% |
| 2014-12-31 | NT$516.68 Million ≈ $16.28 Million |
+9.95% |
| 2013-12-31 | NT$469.93 Million ≈ $14.81 Million |
+22.02% |
| 2012-12-31 | NT$385.12 Million ≈ $12.13 Million |
+15.57% |
| 2011-12-31 | NT$333.25 Million ≈ $10.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinopower Semiconductor'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 1969.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.09 Billion | 53.25% |
| Other Components | NT$960.04 Million | 46.75% |
| Total Equity | NT$2.05 Billion | 100.00% |
Sinopower Semiconductor Competitors by Market Cap
The table below lists competitors of Sinopower Semiconductor ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Batulicin Nusantara Maritim Tbk PT
JK:BESS
|
$227.80 Million |
|
Kolmar Holding
KO:024720
|
$228.00 Million |
|
Digital Network S.A.
WAR:DIG
|
$228.14 Million |
|
Mulpha International Bhd
KLSE:3905
|
$228.31 Million |
|
Taliworks Corporation Bhd
KLSE:8524
|
$227.75 Million |
|
C&F Financial Corporation
NASDAQ:CFFI
|
$227.74 Million |
|
Oryzon Genomics SA
MC:ORY
|
$227.73 Million |
|
FG Imperii Acquisition Corp. Class A Ordinary Shares
NASDAQ:FGII
|
$227.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinopower Semiconductor's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,789,165,000 to 2,053,663,000, a change of 264,498,000 (14.8%).
- Net income of 354,432,000 contributed positively to equity growth.
- Dividend payments of 161,148,000 reduced retained earnings.
- Other factors increased equity by 71,214,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$354.43 Million | +17.26% |
| Dividends Paid | NT$161.15 Million | -7.85% |
| Other Changes | NT$71.21 Million | +3.47% |
| Total Change | NT$- | 14.78% |
Book Value vs Market Value Analysis
This analysis compares Sinopower Semiconductor'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: 3.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.53x to 3.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$14.26 | NT$193.00 | x |
| 2013-12-31 | NT$15.97 | NT$193.00 | x |
| 2014-12-31 | NT$17.05 | NT$193.00 | x |
| 2015-12-31 | NT$17.31 | NT$193.00 | x |
| 2016-12-31 | NT$18.80 | NT$193.00 | x |
| 2017-12-31 | NT$20.70 | NT$193.00 | x |
| 2018-12-31 | NT$25.81 | NT$193.00 | x |
| 2019-12-31 | NT$24.06 | NT$193.00 | x |
| 2020-12-31 | NT$26.76 | NT$193.00 | x |
| 2021-12-31 | NT$38.52 | NT$193.00 | x |
| 2022-12-31 | NT$40.01 | NT$193.00 | x |
| 2023-12-31 | NT$45.21 | NT$193.00 | x |
| 2024-12-31 | NT$47.74 | NT$193.00 | x |
| 2025-12-31 | NT$54.82 | NT$193.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinopower Semiconductor 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): 17.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.42%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 1.34x
- Recent ROE (17.26%) is below the historical average (21.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 18.90% | 6.42% | 1.96x | 1.50x | NT$34.29 Million |
| 2013 | 21.79% | 8.54% | 1.74x | 1.47x | NT$55.39 Million |
| 2014 | 18.73% | 7.62% | 1.68x | 1.47x | NT$45.09 Million |
| 2015 | 16.23% | 6.88% | 1.55x | 1.52x | NT$33.75 Million |
| 2016 | 18.71% | 7.74% | 1.56x | 1.55x | NT$55.14 Million |
| 2017 | 22.66% | 8.15% | 1.75x | 1.59x | NT$87.35 Million |
| 2018 | 37.11% | 12.83% | 1.76x | 1.65x | NT$235.49 Million |
| 2019 | 23.02% | 9.40% | 1.48x | 1.66x | NT$114.44 Million |
| 2020 | 23.54% | 8.98% | 1.78x | 1.47x | NT$134.31 Million |
| 2021 | 30.29% | 14.03% | 1.26x | 1.71x | NT$292.88 Million |
| 2022 | 30.05% | 15.18% | 1.20x | 1.65x | NT$304.34 Million |
| 2023 | 8.82% | 5.62% | 1.01x | 1.55x | NT$-20.02 Million |
| 2024 | 12.63% | 8.32% | 1.15x | 1.33x | NT$47.00 Million |
| 2025 | 17.26% | 10.42% | 1.23x | 1.34x | NT$149.07 Million |
Industry Comparison
This section compares Sinopower Semiconductor's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $202,930,058,900
- Average return on equity (ROE) among peers: 7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinopower Semiconductor (6435) | NT$2.05 Billion | 18.90% | 0.34x | $227.79 Million |
| Polylite Taiwan Co Ltd (1813) | $883.80 Million | -0.02% | 0.44x | $18.07 Million |
| United Microelectronics Corporation (2303) | $281.20 Billion | 18.22% | 0.65x | $30.66 Billion |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.14 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $1.61 Trillion | 21.92% | 0.40x | $1.74 Trillion |
| Macronix International Co Ltd (2337) | $24.66 Billion | 22.38% | 0.79x | $8.99 Billion |
| Optotech Corp (2340) | $7.08 Billion | 9.72% | 0.77x | $524.91 Million |
| Mosel Vitelic Inc (2342) | $6.57 Billion | -10.87% | 0.51x | $166.75 Million |
| Winbond Electronics Corp (2344) | $60.28 Billion | 5.50% | 0.10x | $12.73 Billion |
| Silicon Integrated Systems Corp (2363) | $7.70 Billion | -2.92% | 0.01x | $843.70 Million |
| Realtek Semiconductor Corp (2379) | $22.11 Billion | 17.61% | 0.86x | $8.72 Billion |
About Sinopower Semiconductor
Sinopower Semiconductor, Inc. engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally. It also offers MOSFET, IGBT, and high voltage integrated circuits. Its solutions are used for applications in computing, power conversion, motor, battery, communication electronic products, industry and automotive, handheld elect… Read more