Guangdong Sanhe Pile Co Ltd (003037) - Net Assets
Based on the latest financial reports, Guangdong Sanhe Pile Co Ltd (003037) has net assets worth CN¥2.83 Billion CNY (≈ $413.81 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¥6.94 Billion ≈ $1.01 Billion USD) and total liabilities (CN¥4.11 Billion ≈ $601.11 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 Guangdong Sanhe Pile Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.83 Billion |
| % of Total Assets | 40.77% |
| Annual Growth Rate | 20.76% |
| 5-Year Change | 109.32% |
| 10-Year Change | N/A |
| Growth Volatility | 22.08 |
Guangdong Sanhe Pile Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Guangdong Sanhe Pile Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Guangdong Sanhe Pile Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Sanhe Pile Co Ltd (2016–2024)
The table below shows the annual net assets of Guangdong Sanhe Pile Co Ltd from 2016 to 2024. For live valuation and market cap data, see how much is Guangdong Sanhe Pile Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.78 Billion ≈ $406.48 Million |
-1.04% |
| 2023-12-31 | CN¥2.81 Billion ≈ $410.75 Million |
+56.47% |
| 2022-12-31 | CN¥1.79 Billion ≈ $262.51 Million |
+5.10% |
| 2021-12-31 | CN¥1.71 Billion ≈ $249.78 Million |
+28.62% |
| 2020-12-31 | CN¥1.33 Billion ≈ $194.19 Million |
+33.21% |
| 2019-12-31 | CN¥996.23 Million ≈ $145.78 Million |
-4.65% |
| 2018-12-31 | CN¥1.04 Billion ≈ $152.89 Million |
+52.21% |
| 2017-12-31 | CN¥686.42 Million ≈ $100.45 Million |
+11.72% |
| 2016-12-31 | CN¥614.40 Million ≈ $89.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Sanhe Pile 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 1442.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥570.86 Million | 20.72% |
| Common Stock | CN¥599.07 Million | 21.74% |
| Other Comprehensive Income | CN¥188.13 Million | 6.83% |
| Other Components | CN¥1.40 Billion | 50.71% |
| Total Equity | CN¥2.76 Billion | 100.00% |
Guangdong Sanhe Pile Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Sanhe Pile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Comens New Materials
SHE:300200
|
$631.28 Million |
|
Hainan RuiZe New Building Material Co Ltd
SHE:002596
|
$631.41 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$631.48 Million |
|
Stingray Group Inc
TO:RAY-A
|
$631.50 Million |
|
Jiangsu Changqing Agrochemical Co Ltd
SHE:002391
|
$631.17 Million |
|
Wereldhav B-Sicafi
BR:WEHB
|
$631.16 Million |
|
Seoul Semiconductor Co. Ltd
KQ:046890
|
$630.83 Million |
|
Himalaya Shipping Ltd.
NYSE:HSHP
|
$630.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Sanhe Pile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,783,647,017 to 2,755,363,604, a change of -28,283,413 (-1.0%).
- Net income of 25,253,579 contributed positively to equity growth.
- Dividend payments of 84,937,910 reduced retained earnings.
- Share repurchases of 19,999,447 reduced equity.
- Other comprehensive income increased equity by 188,126,289.
- Other factors decreased equity by 136,725,924.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥25.25 Million | +0.92% |
| Dividends Paid | CN¥84.94 Million | -3.08% |
| Share Repurchases | CN¥20.00 Million | -0.73% |
| Other Comprehensive Income | CN¥188.13 Million | +6.83% |
| Other Changes | CN¥-136.73 Million | -4.96% |
| Total Change | CN¥- | -1.02% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Sanhe Pile 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: 1.65x
- 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 4.62x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.56 | CN¥7.20 | x |
| 2017-12-31 | CN¥1.74 | CN¥7.20 | x |
| 2018-12-31 | CN¥2.57 | CN¥7.20 | x |
| 2019-12-31 | CN¥1.95 | CN¥7.20 | x |
| 2020-12-31 | CN¥2.61 | CN¥7.20 | x |
| 2021-12-31 | CN¥3.37 | CN¥7.20 | x |
| 2022-12-31 | CN¥3.56 | CN¥7.20 | x |
| 2023-12-31 | CN¥5.28 | CN¥7.20 | x |
| 2024-12-31 | CN¥4.36 | CN¥7.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Sanhe Pile 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): 0.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.41%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.54x
- Recent ROE (0.92%) is below the historical average (13.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.63% | 1.94% | 1.10x | 4.49x | CN¥-2.24 Million |
| 2017 | 23.54% | 3.69% | 1.48x | 4.30x | CN¥92.59 Million |
| 2018 | 27.20% | 4.95% | 1.75x | 3.13x | CN¥178.24 Million |
| 2019 | 15.69% | 2.53% | 1.78x | 3.49x | CN¥55.85 Million |
| 2020 | 25.17% | 4.62% | 1.70x | 3.20x | CN¥199.26 Million |
| 2021 | 4.62% | 0.96% | 1.59x | 3.02x | CN¥-91.34 Million |
| 2022 | 8.68% | 2.34% | 1.17x | 3.18x | CN¥-23.72 Million |
| 2023 | 2.84% | 1.18% | 1.02x | 2.37x | CN¥-199.27 Million |
| 2024 | 0.92% | 0.41% | 0.89x | 2.54x | CN¥-250.28 Million |
Industry Comparison
This section compares Guangdong Sanhe Pile Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $3,349,137,722
- Average return on equity (ROE) among peers: -2.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Sanhe Pile Co Ltd (003037) | CN¥2.83 Billion | 9.63% | 1.45x | $631.18 Million |
| CSG Holding Co Ltd (000012) | $1.80 Billion | -9.41% | 0.59x | $1.16 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $13.44 Billion | 0.26% | 2.28x | $1.66 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $159.51 Million | -59.25% | 1.64x | $1.99 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $437.21 Million | 9.48% | 0.62x | $578.76 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $1.05 Billion | 0.87% | 3.22x | $4.83 Billion |
| Sinostone Guangdong Co Ltd (001212) | $1.73 Billion | 1.76% | 0.35x | $1.64 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $1.45 Billion | 5.02% | 2.34x | $801.95 Million |
| Guangdong Tapai Group Co Ltd (002233) | $8.19 Billion | 8.81% | 0.20x | $1.47 Billion |
| China West Construction Group Co Ltd (002302) | $310.89 Million | 20.54% | 0.73x | $1.03 Billion |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $4.92 Billion | 0.88% | 0.34x | $481.37 Million |
About Guangdong Sanhe Pile Co Ltd
Guangdong Sanhe Pile Co., Ltd. engages in the research and development, production, and sale of prestressed concrete pipe pile products in China. The company offers pile products, including precast high strength concrete thin-walled steel pipe pile; expanding piles; pre-tensioned prestressed high-strength concrete pipes, high strength concrete corrosion-resistant pipe piles, diamond piles, and hi… Read more