APEX Wind Power Equipment Manufacturing
APEX Wind Power Equipment Manufacturing manufactures and sells offshore wind power grade steel products in Taiwan. The company offers steel plates, beveled plates, pre-bent plates, cans, sections, and cones. Its products are used in the offshore wind farm, public works, and high-pressure container industrial applications. The company was incorporated in 2009 and is headquartered in New Taipei Cit… Read more
APEX Wind Power Equipment Manufacturing (7702) - Net Assets
Latest net assets as of June 2025: NT$745.39 Million TWD
Based on the latest financial reports, APEX Wind Power Equipment Manufacturing (7702) has net assets worth NT$745.39 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$1.87 Billion) and total liabilities (NT$1.12 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$745.39 Million |
| % of Total Assets | 39.95% |
| Annual Growth Rate | 1.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9.5 |
APEX Wind Power Equipment Manufacturing - Net Assets Trend (2021–2024)
This chart illustrates how APEX Wind Power Equipment Manufacturing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for APEX Wind Power Equipment Manufacturing (2021–2024)
The table below shows the annual net assets of APEX Wind Power Equipment Manufacturing from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$755.34 Million | -8.79% |
| 2023-12-31 | NT$828.09 Million | +14.19% |
| 2022-12-31 | NT$725.20 Million | -0.50% |
| 2021-12-31 | NT$728.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to APEX Wind Power Equipment Manufacturing'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 8.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$74.57 Million | 9.87% |
| Common Stock | NT$660.00 Million | 87.38% |
| Other Comprehensive Income | NT$20.77 Million | 2.75% |
| Total Equity | NT$755.34 Million | 100.00% |
APEX Wind Power Equipment Manufacturing Competitors by Market Cap
The table below lists competitors of APEX Wind Power Equipment Manufacturing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Awilco Drilling PLC
OTCMKTS:AWLCF
|
$16.95 Million |
|
Aker Technology Co Ltd
TWO:6174
|
$16.95 Million |
|
CLEAN POWER HYDROG.LS-01
F:G9Z
|
$16.95 Million |
|
Bluecom Co. Ltd
KQ:033560
|
$16.95 Million |
|
ENERGIA IN.Y DES. EO 025
F:F63
|
$16.94 Million |
|
Tasco Bhd
KLSE:5140
|
$16.93 Million |
|
AGUIA RES LTD AD-20
F:5N91
|
$16.92 Million |
|
MorphoSys AG
PINK:MPSYF
|
$16.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in APEX Wind Power Equipment Manufacturing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 828,093,000 to 755,338,000, a change of -72,755,000 (-8.8%).
- Net loss of 6,755,000 reduced equity.
- Dividend payments of 66,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 20,770,000.
- Other factors decreased equity by 20,770,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-6.75 Million | -0.89% |
| Dividends Paid | NT$66.00 Million | -8.74% |
| Other Comprehensive Income | NT$20.77 Million | +2.75% |
| Other Changes | NT$-20.77 Million | -2.75% |
| Total Change | NT$- | -8.79% |
Book Value vs Market Value Analysis
This analysis compares APEX Wind Power Equipment Manufacturing'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: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | NT$10.99 | NT$26.50 | x |
| 2022-12-31 | NT$10.97 | NT$26.50 | x |
| 2023-12-31 | NT$12.55 | NT$26.50 | x |
| 2024-12-31 | NT$11.44 | NT$26.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently APEX Wind Power Equipment Manufacturing 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): -0.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.38%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.95x
- Recent ROE (-0.89%) is below the historical average (7.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 14.20% | 49.74% | 0.24x | 1.19x | NT$30.59 Million |
| 2022 | 2.22% | 8.15% | 0.22x | 1.25x | NT$-56.39 Million |
| 2023 | 14.82% | 11.48% | 1.04x | 1.24x | NT$39.88 Million |
| 2024 | -0.89% | -2.38% | 0.19x | 1.95x | NT$-82.29 Million |
Industry Comparison
This section compares APEX Wind Power Equipment Manufacturing's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $3,188,127,500
- Average return on equity (ROE) among peers: 3.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| APEX Wind Power Equipment Manufacturing (7702) | NT$745.39 Million | 14.20% | 1.50x | $16.95 Million |
| Sun Rise E&T Corporation (1343) | $412.47 Million | 0.73% | 0.69x | $22.15 Million |
| Lee Chi Enterprises Co Ltd (1517) | $2.41 Billion | 6.15% | 0.28x | $48.28 Million |
| China Metal Products Co Ltd (1532) | $3.84 Billion | 19.44% | 3.50x | $161.98 Million |
| Bin Chuan Enterprise Co Ltd (1569) | $3.24 Billion | 12.17% | 1.18x | $144.71 Million |
| China Fineblanking Technology Co Ltd (1586) | $1.54 Billion | 2.80% | 1.77x | $49.06 Million |
| Yeong Guan Energy Technology Group Co Ltd (1589) | $2.60 Billion | 3.01% | 1.48x | $15.38 Million |
| Solar Applied Materials Technology (1785) | $12.99 Billion | 8.35% | 1.04x | $1.07 Billion |
| Chia Yi Steel Co Ltd (2067) | $296.62 Million | -41.63% | 5.31x | $4.93 Million |
| CX Technology Corp (2415) | $1.78 Billion | 10.39% | 1.04x | $47.22 Million |
| Catcher Technology Co Ltd (2474) | $2.77 Billion | 10.99% | 0.15x | $2.91 Billion |