High Power Lighting Corp
High Power Lighting Corp engages in the design, manufacture, and sale of LED products and related components in Taiwan, South Korea, China, Hong Kong and internationally. Its products include UVA, UVB/UVC, IR, SWIR, and color products. The company was founded in 2005 and is headquartered in New Taipei City, Taiwan.
High Power Lighting Corp (6559) - Net Assets
Latest net assets as of June 2025: NT$236.20 Million TWD
Based on the latest financial reports, High Power Lighting Corp (6559) has net assets worth NT$236.20 Million 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$264.58 Million) and total liabilities (NT$28.38 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$236.20 Million |
| % of Total Assets | 89.27% |
| Annual Growth Rate | -2.13% |
| 5-Year Change | 0.15% |
| 10-Year Change | N/A |
| Growth Volatility | 5.27 |
High Power Lighting Corp - Net Assets Trend (2019–2024)
This chart illustrates how High Power Lighting Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for High Power Lighting Corp (2019–2024)
The table below shows the annual net assets of High Power Lighting Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$243.09 Million | +5.56% |
| 2023-12-31 | NT$230.29 Million | -3.37% |
| 2022-12-31 | NT$238.31 Million | +1.07% |
| 2021-12-31 | NT$235.79 Million | -2.85% |
| 2020-12-31 | NT$242.71 Million | -10.35% |
| 2019-12-31 | NT$270.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to High Power Lighting Corp'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 9.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$7.10 Million | 2.92% |
| Common Stock | NT$231.89 Million | 95.39% |
| Other Comprehensive Income | NT$199.00K | 0.08% |
| Other Components | NT$3.90 Million | 1.60% |
| Total Equity | NT$243.09 Million | 100.00% |
High Power Lighting Corp Competitors by Market Cap
The table below lists competitors of High Power Lighting Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AQUA SA ZY 16
F:9S0
|
$4.73 Million |
|
The GrowHub Limited Class A Ordinary Shares
NASDAQ:TGHL
|
$4.73 Million |
|
Lucas GC Limited Ordinary Shares
NASDAQ:LGCL
|
$4.74 Million |
|
Ragnar Metals Ltd
AU:RAG
|
$4.74 Million |
|
XOX Bhd
KLSE:0165
|
$4.73 Million |
|
Shinkin Central Bank
PINK:SKCBY
|
$4.73 Million |
|
Ramlosa Shipping Ab
ST:RAMSH
|
$4.72 Million |
|
SMD100_SAINTMED
BK:SMD100
|
$4.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in High Power Lighting Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 230,288,000 to 243,085,000, a change of 12,797,000 (5.6%).
- Net income of 12,833,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,808,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$12.83 Million | +5.28% |
| Other Comprehensive Income | NT$1.81 Million | +0.74% |
| Other Changes | NT$-1.84 Million | -0.76% |
| Total Change | NT$- | 5.56% |
Book Value vs Market Value Analysis
This analysis compares High Power Lighting Corp'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.99x to 1.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | NT$11.67 | NT$11.50 | x |
| 2020-12-31 | NT$10.47 | NT$11.50 | x |
| 2021-12-31 | NT$10.17 | NT$11.50 | x |
| 2022-12-31 | NT$10.25 | NT$11.50 | x |
| 2023-12-31 | NT$10.06 | NT$11.50 | x |
| 2024-12-31 | NT$10.42 | NT$11.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High Power Lighting Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.75%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.13x
- Recent ROE (5.28%) is above the historical average (-4.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -15.12% | -44.82% | 0.29x | 1.16x | NT$-67.99 Million |
| 2020 | -12.11% | -37.14% | 0.28x | 1.15x | NT$-53.66 Million |
| 2021 | -3.34% | -7.85% | 0.37x | 1.14x | NT$-31.45 Million |
| 2022 | 1.04% | 2.79% | 0.34x | 1.09x | NT$-21.35 Million |
| 2023 | -3.48% | -12.20% | 0.26x | 1.10x | NT$-31.04 Million |
| 2024 | 5.28% | 15.75% | 0.30x | 1.13x | NT$-11.48 Million |
Industry Comparison
This section compares High Power Lighting Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $5,443,854,100
- Average return on equity (ROE) among peers: 15.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High Power Lighting Corp (6559) | NT$236.20 Million | -15.12% | 0.12x | $4.73 Million |
| Shihlin Electric & Engineering Corp (1503) | $12.57 Billion | 8.24% | 1.01x | $1.64 Billion |
| Allis Electric Co Ltd (1514) | $2.89 Billion | 7.47% | 0.97x | $721.68 Million |
| Fortune Electric Co Ltd (1519) | $3.07 Billion | 22.96% | 1.33x | $3.49 Billion |
| Klingon Aerospace Inc (1529) | $1.06 Billion | 4.03% | 0.77x | $95.39 Million |
| Kung Long Batteries Industrial Co Ltd (1537) | $3.92 Billion | 25.10% | 0.48x | $225.94 Million |
| Chieftek Precision Co Ltd (1597) | $2.02 Billion | 8.63% | 0.64x | $131.66 Million |
| Hua Eng Wire & Cable Co Ltd (1608) | $9.01 Billion | 15.42% | 0.52x | $104.26 Million |
| Ta Ya Electric Wire & Cable Co., Ltd. (1609) | $9.13 Billion | 9.31% | 1.76x | $714.51 Million |
| Hong Tai Electric Industrial Co Ltd (1612) | $7.82 Billion | 34.51% | 0.12x | $203.18 Million |
| Dah San Electric Wire & Cable Co Ltd (1615) | $2.95 Billion | 17.78% | 0.52x | $96.72 Million |