Sungrow Power Supply Co Ltd (300274) - Net Assets

Latest as of March 2026: CN¥51.77 Billion CNY ≈ $7.58 Billion USD

Based on the latest financial reports, Sungrow Power Supply Co Ltd (300274) has net assets worth CN¥51.77 Billion CNY (≈ $7.58 Billion 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¥121.86 Billion ≈ $17.83 Billion USD) and total liabilities (CN¥70.09 Billion ≈ $10.26 Billion 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 tangible equity quality of Sungrow Power Supply Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥51.77 Billion
% of Total Assets	42.49%
Annual Growth Rate	43.06%
5-Year Change	197.97%
10-Year Change	734.59%
Growth Volatility	85.92

Sungrow Power Supply Co Ltd - Net Assets Trend (2008–2025)

This chart illustrates how Sungrow Power Supply Co Ltd's net assets have evolved over time, based on quarterly financial data. See Sungrow Power Supply Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Sungrow Power Supply Co Ltd (2008–2025)

The table below shows the annual net assets of Sungrow Power Supply Co Ltd from 2008 to 2025. For live valuation and market cap data, see Sungrow Power Supply Co Ltd (300274) market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥49.77 Billion ≈ $7.28 Billion	+23.81%
2024-12-31	CN¥40.20 Billion ≈ $5.88 Billion	+36.48%
2023-12-31	CN¥29.45 Billion ≈ $4.31 Billion	+49.23%
2022-12-31	CN¥19.74 Billion ≈ $2.89 Billion	+18.17%
2021-12-31	CN¥16.70 Billion ≈ $2.44 Billion	+53.74%
2020-12-31	CN¥10.86 Billion ≈ $1.59 Billion	+24.31%
2019-12-31	CN¥8.74 Billion ≈ $1.28 Billion	+12.12%
2018-12-31	CN¥7.79 Billion ≈ $1.14 Billion	+10.99%
2017-12-31	CN¥7.02 Billion ≈ $1.03 Billion	+17.77%
2016-12-31	CN¥5.96 Billion ≈ $872.67 Million	+110.30%
2015-12-31	CN¥2.84 Billion ≈ $414.96 Million	+19.83%
2014-12-31	CN¥2.37 Billion ≈ $346.30 Million	+15.54%
2013-12-31	CN¥2.05 Billion ≈ $299.72 Million	+10.93%
2012-12-31	CN¥1.85 Billion ≈ $270.20 Million	+2.03%
2011-12-31	CN¥1.81 Billion ≈ $264.82 Million	+360.71%
2010-12-31	CN¥392.81 Million ≈ $57.48 Million	+165.03%
2009-12-31	CN¥148.21 Million ≈ $21.69 Million	+31.16%
2008-12-31	CN¥113.00 Million ≈ $16.54 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sungrow Power Supply 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 124953.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥37.64 Billion	80.75%
Other Components	CN¥8.97 Billion	19.25%
Total Equity	CN¥46.61 Billion	100.00%

Sungrow Power Supply Co Ltd Competitors by Market Cap

The table below lists competitors of Sungrow Power Supply Co Ltd ranked by their market capitalization.

Company	Market Cap
Danske Bank A/S CO:DANSKE	$44.64 Billion
Fifth Third Bancorp NASDAQ:FITB	$44.71 Billion
DnB ASA OL:DNB	$44.72 Billion
UCB S.A. UNSP.ADR 1/2 F:UNC0	$44.84 Billion
CTBC Financial Holding Co Ltd TW:2891	$44.58 Billion
Mercedes-Benz Group AG F:MBG	$44.49 Billion
Diageo plc MX:DEON	$44.47 Billion
Banco Santander Brasil SA ADR NYSE:BSBR	$44.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sungrow Power Supply Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 36,905,064,000 to 46,610,878,177, a change of 9,705,814,177 (26.3%).
Net income of 13,461,279,955 contributed positively to equity growth.
Dividend payments of 4,387,370,120 reduced retained earnings.
Other factors increased equity by 631,904,342.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥13.46 Billion	+28.88%
Dividends Paid	CN¥4.39 Billion	-9.41%
Other Changes	CN¥631.90 Million	+1.36%
Total Change	CN¥-	26.30%

Book Value vs Market Value Analysis

This analysis compares Sungrow Power Supply 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: 6.54x
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 988.71x to 6.54x 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¥0.15	CN¥146.98	x
2009-12-31	CN¥0.19	CN¥146.98	x
2010-12-31	CN¥0.50	CN¥146.98	x
2011-12-31	CN¥1.98	CN¥146.98	x
2012-12-31	CN¥1.62	CN¥146.98	x
2013-12-31	CN¥1.76	CN¥146.98	x
2014-12-31	CN¥2.00	CN¥146.98	x
2015-12-31	CN¥2.18	CN¥146.98	x
2016-12-31	CN¥4.41	CN¥146.98	x
2017-12-31	CN¥4.81	CN¥146.98	x
2018-12-31	CN¥5.33	CN¥146.98	x
2019-12-31	CN¥5.89	CN¥146.98	x
2020-12-31	CN¥7.18	CN¥146.98	x
2021-12-31	CN¥10.68	CN¥146.98	x
2022-12-31	CN¥12.57	CN¥146.98	x
2023-12-31	CN¥18.65	CN¥146.98	x
2024-12-31	CN¥17.79	CN¥146.98	x
2025-12-31	CN¥22.48	CN¥146.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sungrow Power Supply 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): 28.88%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.09%
• Asset Turnover: 0.75x
• Equity Multiplier: 2.55x
Recent ROE (28.88%) is above the historical average (16.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	7.27%	8.17%	0.60x	1.47x	CN¥-3.09 Million
2009	23.76%	19.53%	0.65x	1.87x	CN¥20.39 Million
2010	37.69%	24.72%	0.70x	2.18x	CN¥108.75 Million
2011	9.53%	19.75%	0.36x	1.33x	CN¥-8.42 Million
2012	3.94%	6.72%	0.39x	1.49x	CN¥-111.84 Million
2013	8.84%	8.54%	0.54x	1.91x	CN¥-23.79 Million
2014	11.97%	9.25%	0.63x	2.06x	CN¥46.64 Million
2015	15.12%	9.31%	0.67x	2.41x	CN¥143.99 Million
2016	9.31%	9.22%	0.52x	1.96x	CN¥-41.33 Million
2017	14.75%	11.53%	0.55x	2.34x	CN¥329.82 Million
2018	10.51%	7.81%	0.56x	2.40x	CN¥39.03 Million
2019	10.40%	6.86%	0.57x	2.65x	CN¥34.63 Million
2020	18.69%	10.13%	0.68x	2.70x	CN¥908.72 Million
2021	10.11%	6.56%	0.56x	2.74x	CN¥17.20 Million
2022	19.25%	8.93%	0.65x	3.30x	CN¥1.73 Billion
2023	34.07%	13.07%	0.87x	2.99x	CN¥6.67 Billion
2024	29.90%	14.18%	0.68x	3.12x	CN¥7.35 Billion
2025	28.88%	15.09%	0.75x	2.55x	CN¥8.80 Billion

Industry Comparison

This section compares Sungrow Power Supply 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: $4,521,607,784
Average return on equity (ROE) among peers: -17.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sungrow Power Supply Co Ltd (300274)	CN¥51.77 Billion	7.27%	1.35x	$44.59 Billion
XJ Electric Co Ltd (000400)	$2.06 Billion	5.67%	0.94x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$259.29 Million	-377.39%	9.44x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.81 Billion	9.38%	0.11x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$78.67 Million	125.00%	0.63x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.26 Billion	6.39%	3.26x	$742.84 Million
Huagong Tech Co Ltd (000988)	$8.26 Billion	10.96%	1.03x	$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)	$4.51 Billion	5.52%	0.51x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$88.12 Million	23.77%	0.92x	$468.31 Million
Gotion High tech Co Ltd (002074)	$24.50 Billion	1.27%	1.96x	$7.89 Billion

About Sungrow Power Supply Co Ltd

SHE:300274 China Electrical Equipment & Parts

Market Cap

$44.59 Billion

CN¥304.72 Billion CNY

Market Cap Rank

#614 Global

#35 in China

Share Price

CN¥146.98

Change (1 day)

-1.45%

52-Week Range

CN¥63.95 - CN¥205.40

All Time High

CN¥667.36