Changzhou Almaden Co Ltd (002623) - Net Assets
Based on the latest financial reports, Changzhou Almaden Co Ltd (002623) has net assets worth CN¥2.77 Billion CNY (≈ $405.69 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.65 Billion ≈ $826.52 Million USD) and total liabilities (CN¥2.88 Billion ≈ $420.83 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 002623 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.77 Billion |
| % of Total Assets | 49.08% |
| Annual Growth Rate | 28.41% |
| 5-Year Change | -14.31% |
| 10-Year Change | 30.22% |
| Growth Volatility | 133.94 |
Changzhou Almaden Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Changzhou Almaden Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002623 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Changzhou Almaden Co Ltd (2008–2025)
The table below shows the annual net assets of Changzhou Almaden Co Ltd from 2008 to 2025. For live valuation and market cap data, see how much is Changzhou Almaden Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.82 Billion ≈ $412.76 Million |
-7.32% |
| 2024-12-31 | CN¥3.04 Billion ≈ $445.36 Million |
-7.02% |
| 2023-12-31 | CN¥3.27 Billion ≈ $479.01 Million |
+0.72% |
| 2022-12-31 | CN¥3.25 Billion ≈ $475.56 Million |
-1.27% |
| 2021-12-31 | CN¥3.29 Billion ≈ $481.70 Million |
+39.63% |
| 2020-12-31 | CN¥2.36 Billion ≈ $344.98 Million |
+11.91% |
| 2019-12-31 | CN¥2.11 Billion ≈ $308.27 Million |
-5.22% |
| 2018-12-31 | CN¥2.22 Billion ≈ $325.25 Million |
+4.12% |
| 2017-12-31 | CN¥2.13 Billion ≈ $312.38 Million |
-1.45% |
| 2016-12-31 | CN¥2.17 Billion ≈ $316.97 Million |
+0.42% |
| 2015-12-31 | CN¥2.16 Billion ≈ $315.64 Million |
+2.43% |
| 2014-12-31 | CN¥2.11 Billion ≈ $308.14 Million |
+1.51% |
| 2013-12-31 | CN¥2.07 Billion ≈ $303.55 Million |
+2.65% |
| 2012-12-31 | CN¥2.02 Billion ≈ $295.71 Million |
+1.27% |
| 2011-12-31 | CN¥2.00 Billion ≈ $292.00 Million |
+536.90% |
| 2010-12-31 | CN¥313.31 Million ≈ $45.85 Million |
+152.40% |
| 2009-12-31 | CN¥124.13 Million ≈ $18.16 Million |
+208.95% |
| 2008-12-31 | CN¥40.18 Million ≈ $5.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changzhou Almaden 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 3574.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥250.38 Million | 9.00% |
| Other Components | CN¥2.53 Billion | 91.00% |
| Total Equity | CN¥2.78 Billion | 100.00% |
Changzhou Almaden Co Ltd Competitors by Market Cap
The table below lists competitors of Changzhou Almaden Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Longmaster Information Tech
SHE:300288
|
$452.98 Million |
|
Poly Union Chemical Holding Group Co Ltd
SHE:002037
|
$453.17 Million |
|
Jiangsu Jiuwu Hi-Tech Co Ltd
SHE:300631
|
$453.24 Million |
|
VRL Logistics Limited
NSE:VRLLOG
|
$453.26 Million |
|
Xiamen Insight Investment Co Ltd
SHE:000526
|
$452.94 Million |
|
Beijing Yuanlong Yato Culture Dissemination Co Ltd
SHE:002878
|
$452.77 Million |
|
Suzhou Weizhixiang Food Co. Ltd.
SHG:605089
|
$452.74 Million |
|
USI Corp
TW:1304
|
$452.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Almaden Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,003,528,017 to 2,782,278,872, a change of -221,249,145 (-7.4%).
- Net loss of 107,672,499 reduced equity.
- Dividend payments of 138,445,808 reduced retained earnings.
- Other comprehensive income decreased equity by 90,466,922.
- Other factors increased equity by 115,336,084.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-107.67 Million | -3.87% |
| Dividends Paid | CN¥138.45 Million | -4.98% |
| Other Comprehensive Income | CN¥-90.47 Million | -3.25% |
| Other Changes | CN¥115.34 Million | +4.15% |
| Total Change | CN¥- | -7.37% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Almaden 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: 1.11x
- 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 46.34x to 1.11x 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¥0.34 | CN¥15.55 | x |
| 2009-12-31 | CN¥1.03 | CN¥15.55 | x |
| 2010-12-31 | CN¥2.61 | CN¥15.55 | x |
| 2011-12-31 | CN¥15.33 | CN¥15.55 | x |
| 2012-12-31 | CN¥12.63 | CN¥15.55 | x |
| 2013-12-31 | CN¥12.80 | CN¥15.55 | x |
| 2014-12-31 | CN¥13.36 | CN¥15.55 | x |
| 2015-12-31 | CN¥13.44 | CN¥15.55 | x |
| 2016-12-31 | CN¥13.54 | CN¥15.55 | x |
| 2017-12-31 | CN¥12.98 | CN¥15.55 | x |
| 2018-12-31 | CN¥13.99 | CN¥15.55 | x |
| 2019-12-31 | CN¥13.18 | CN¥15.55 | x |
| 2020-12-31 | CN¥14.64 | CN¥15.55 | x |
| 2021-12-31 | CN¥18.21 | CN¥15.55 | x |
| 2022-12-31 | CN¥16.22 | CN¥15.55 | x |
| 2023-12-31 | CN¥16.68 | CN¥15.55 | x |
| 2024-12-31 | CN¥15.16 | CN¥15.55 | x |
| 2025-12-31 | CN¥13.98 | CN¥15.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Almaden 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): -3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.29%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.05x
- Recent ROE (-3.87%) is below the historical average (9.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 14.90% | 11.53% | 0.48x | 2.71x | CN¥1.97 Million |
| 2009 | 64.18% | 39.92% | 0.65x | 2.49x | CN¥67.26 Million |
| 2010 | 69.64% | 36.66% | 1.20x | 1.59x | CN¥186.85 Million |
| 2011 | 10.70% | 36.88% | 0.28x | 1.05x | CN¥13.93 Million |
| 2012 | 3.63% | 12.04% | 0.28x | 1.09x | CN¥-128.74 Million |
| 2013 | 2.97% | 8.77% | 0.31x | 1.11x | CN¥-145.84 Million |
| 2014 | 1.80% | 4.38% | 0.33x | 1.23x | CN¥-172.75 Million |
| 2015 | 2.53% | 5.00% | 0.41x | 1.24x | CN¥-161.14 Million |
| 2016 | 0.89% | 1.38% | 0.33x | 1.98x | CN¥-197.40 Million |
| 2017 | -1.08% | -1.43% | 0.34x | 2.22x | CN¥-236.16 Million |
| 2018 | 3.57% | 5.18% | 0.36x | 1.91x | CN¥-142.41 Million |
| 2019 | -4.63% | -8.19% | 0.32x | 1.77x | CN¥-306.78 Million |
| 2020 | 5.87% | 7.64% | 0.44x | 1.73x | CN¥-96.80 Million |
| 2021 | 1.65% | 2.66% | 0.42x | 1.49x | CN¥-273.71 Million |
| 2022 | 2.59% | 2.64% | 0.64x | 1.54x | CN¥-239.16 Million |
| 2023 | 2.58% | 2.30% | 0.69x | 1.63x | CN¥-240.45 Million |
| 2024 | -4.22% | -4.38% | 0.54x | 1.80x | CN¥-427.13 Million |
| 2025 | -3.87% | -5.29% | 0.36x | 2.05x | CN¥-385.90 Million |
Industry Comparison
This section compares Changzhou Almaden Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,844,443,932
- Average return on equity (ROE) among peers: 6.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Almaden Co Ltd (002623) | CN¥2.77 Billion | 14.90% | 1.04x | $452.96 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $31.17 Million | 52.78% | 0.49x | $798.13 Million |
| JA Solar Technology Co Ltd (002459) | $28.53 Billion | -16.32% | 2.96x | $3.90 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.44 Billion | 1.25% | 2.61x | $2.60 Billion |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $1.05 Billion | 1.29% | 0.77x | $1.95 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $5.27 Billion | -0.98% | 0.78x | $989.63 Million |
| Gansu Golden Glass Technologies Co Ltd (300093) | $874.94 Million | 2.21% | 0.82x | $780.39 Million |
| Risen Energy (300118) | $1.96 Billion | -24.50% | 1.05x | $1.99 Billion |
| Lingda Group Co Ltd (300125) | $1.26 Billion | 1.17% | 0.88x | $902.25 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $185.30 Million | 41.35% | 0.98x | $1.17 Billion |
About Changzhou Almaden Co Ltd
Changzhou Almaden Co., Ltd. produces and sells photovoltaic glass coating and double-glass modules in China and internationally. The company offers solar glass, BIPV, photoelectric glass, and full bonding glass related products. It also provides coated conductive glass, atmospheric pressure and vacuum coated glass, and energy-saving and microelectronics glass products. In addition, the company is… Read more