Shandong Sacred Sun Power Sources Co Ltd (002580) - Net Assets
Based on the latest financial reports, Shandong Sacred Sun Power Sources Co Ltd (002580) has net assets worth CN¥2.41 Billion CNY (≈ $353.37 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 (CN¥4.04 Billion ≈ $590.84 Million USD) and total liabilities (CN¥1.62 Billion ≈ $237.47 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 Shandong Sacred Sun Power Sources Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.41 Billion |
| % of Total Assets | 59.81% |
| Annual Growth Rate | 22.7% |
| 5-Year Change | 33.38% |
| 10-Year Change | 103.89% |
| Growth Volatility | 51.75 |
Shandong Sacred Sun Power Sources Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Sacred Sun Power Sources Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002580 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Sacred Sun Power Sources Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Sacred Sun Power Sources Co Ltd from 2008 to 2024. For live valuation and market cap data, see market cap of Shandong Sacred Sun Power Sources Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.31 Billion ≈ $337.62 Million |
+6.39% |
| 2023-12-31 | CN¥2.17 Billion ≈ $317.34 Million |
+8.46% |
| 2022-12-31 | CN¥2.00 Billion ≈ $292.59 Million |
+14.19% |
| 2021-12-31 | CN¥1.75 Billion ≈ $256.24 Million |
+1.23% |
| 2020-12-31 | CN¥1.73 Billion ≈ $253.12 Million |
+41.17% |
| 2019-12-31 | CN¥1.23 Billion ≈ $179.30 Million |
+1.73% |
| 2018-12-31 | CN¥1.20 Billion ≈ $176.26 Million |
+1.43% |
| 2017-12-31 | CN¥1.19 Billion ≈ $173.77 Million |
-0.62% |
| 2016-12-31 | CN¥1.19 Billion ≈ $174.85 Million |
+5.60% |
| 2015-12-31 | CN¥1.13 Billion ≈ $165.59 Million |
+37.45% |
| 2014-12-31 | CN¥823.26 Million ≈ $120.47 Million |
+1.24% |
| 2013-12-31 | CN¥813.14 Million ≈ $118.99 Million |
+1.61% |
| 2012-12-31 | CN¥800.26 Million ≈ $117.10 Million |
+10.47% |
| 2011-12-31 | CN¥724.41 Million ≈ $106.00 Million |
+208.35% |
| 2010-12-31 | CN¥234.93 Million ≈ $34.38 Million |
+42.49% |
| 2009-12-31 | CN¥164.87 Million ≈ $24.13 Million |
+88.68% |
| 2008-12-31 | CN¥87.39 Million ≈ $12.79 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Sacred Sun Power Sources 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 2774.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥743.25 Million | 34.03% |
| Common Stock | CN¥453.87 Million | 20.78% |
| Other Components | CN¥987.11 Million | 45.19% |
| Total Equity | CN¥2.18 Billion | 100.00% |
Shandong Sacred Sun Power Sources Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Sacred Sun Power Sources Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rackspace Technology Inc
NASDAQ:RXT
|
$1.37 Billion |
|
Ardelyx Inc
NASDAQ:ARDX
|
$1.37 Billion |
|
Companhiade Eletricidade do Estado da Bahia - COELBA
SA:CEEB3
|
$1.37 Billion |
|
Direcional Engenharia S.A.
SA:DIRR3
|
$1.37 Billion |
|
Olaplex Holdings Inc
NASDAQ:OLPX
|
$1.37 Billion |
|
Biohaven Pharmaceutical Holding Co Ltd
NYSE:BHVN
|
$1.37 Billion |
|
Zhejiang Sanwei Rubber Item Co
SHG:603033
|
$1.37 Billion |
|
COSMO Pharmaceuticals SA
LSE:0RGI
|
$1.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Sacred Sun Power Sources Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,019,961,486 to 2,184,229,547, a change of 164,268,061 (8.1%).
- Net income of 205,256,961 contributed positively to equity growth.
- Dividend payments of 36,659,291 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥205.26 Million | +9.4% |
| Dividends Paid | CN¥36.66 Million | -1.68% |
| Other Changes | CN¥-4.33 Million | -0.2% |
| Total Change | CN¥- | 8.13% |
Book Value vs Market Value Analysis
This analysis compares Shandong Sacred Sun Power Sources 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: 4.30x
- 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 37.79x to 4.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.55 | CN¥20.60 | x |
| 2009-12-31 | CN¥0.97 | CN¥20.60 | x |
| 2010-12-31 | CN¥1.09 | CN¥20.60 | x |
| 2011-12-31 | CN¥2.59 | CN¥20.60 | x |
| 2012-12-31 | CN¥2.58 | CN¥20.60 | x |
| 2013-12-31 | CN¥2.61 | CN¥20.60 | x |
| 2014-12-31 | CN¥2.65 | CN¥20.60 | x |
| 2015-12-31 | CN¥3.22 | CN¥20.60 | x |
| 2016-12-31 | CN¥3.29 | CN¥20.60 | x |
| 2017-12-31 | CN¥3.38 | CN¥20.60 | x |
| 2018-12-31 | CN¥3.67 | CN¥20.60 | x |
| 2019-12-31 | CN¥3.45 | CN¥20.60 | x |
| 2020-12-31 | CN¥4.78 | CN¥20.60 | x |
| 2021-12-31 | CN¥3.82 | CN¥20.60 | x |
| 2022-12-31 | CN¥4.10 | CN¥20.60 | x |
| 2023-12-31 | CN¥4.42 | CN¥20.60 | x |
| 2024-12-31 | CN¥4.79 | CN¥20.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Sacred Sun Power Sources 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): 9.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.81%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.67x
- Recent ROE (9.40%) is above the historical average (7.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 25.93% | 4.50% | 1.32x | 4.36x | CN¥13.92 Million |
| 2009 | 25.18% | 6.72% | 1.26x | 2.99x | CN¥25.03 Million |
| 2010 | 19.12% | 6.13% | 1.21x | 2.58x | CN¥21.43 Million |
| 2011 | 6.71% | 5.07% | 0.92x | 1.45x | CN¥-23.84 Million |
| 2012 | 6.60% | 4.43% | 0.90x | 1.66x | CN¥-27.20 Million |
| 2013 | 2.26% | 1.81% | 0.69x | 1.83x | CN¥-62.93 Million |
| 2014 | 2.36% | 1.56% | 0.79x | 1.93x | CN¥-62.93 Million |
| 2015 | 2.91% | 2.38% | 0.76x | 1.60x | CN¥-80.26 Million |
| 2016 | 4.56% | 3.47% | 0.76x | 1.73x | CN¥-64.14 Million |
| 2017 | 2.66% | 1.83% | 0.84x | 1.74x | CN¥-85.86 Million |
| 2018 | 1.36% | 0.88% | 0.96x | 1.61x | CN¥-102.39 Million |
| 2019 | 1.96% | 1.27% | 0.97x | 1.59x | CN¥-96.99 Million |
| 2020 | 1.67% | 1.63% | 0.73x | 1.41x | CN¥-142.38 Million |
| 2021 | 1.96% | 1.62% | 0.83x | 1.46x | CN¥-139.21 Million |
| 2022 | 7.32% | 4.87% | 0.92x | 1.63x | CN¥-49.76 Million |
| 2023 | 8.59% | 6.17% | 0.88x | 1.58x | CN¥-28.42 Million |
| 2024 | 9.40% | 6.81% | 0.83x | 1.67x | CN¥-13.17 Million |
Industry Comparison
This section compares Shandong Sacred Sun Power Sources Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,962,958,871
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Sacred Sun Power Sources Co Ltd (002580) | CN¥2.41 Billion | 25.93% | 0.67x | $1.37 Billion |
| XJ Electric Co Ltd (000400) | $769.50 Million | 13.66% | 0.29x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $656.70 Million | 10.00% | 3.24x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.57 Billion | 1.54% | 1.62x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $684.66 Million | 5.90% | 0.54x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $10.67 Billion | 14.62% | 0.76x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $102.42 Million | 12.86% | 0.78x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $7.89 Billion |
About Shandong Sacred Sun Power Sources Co Ltd
Shandong Sacred Sun Power Sources Co.,Ltd provides green energy solutions worldwide. It offers lithium-ion batteries, lead acid batteries, and power integration systems. Its products are used in network power, energy storage, and motive power applications. The company was founded in 1991 and is headquartered in Qufu, China.