Sungrow Power Supply Co Ltd (300274) - Net Assets
Based on the latest financial reports, Sungrow Power Supply Co Ltd (300274) has net assets worth CN¥48.20 Billion CNY (≈ $7.05 Billion 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¥120.67 Billion ≈ $17.66 Billion USD) and total liabilities (CN¥72.47 Billion ≈ $10.61 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 how resilient are Sungrow Power Supply Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥48.20 Billion |
| % of Total Assets | 39.94% |
| Annual Growth Rate | 44.36% |
| 5-Year Change | 269.99% |
| 10-Year Change | 1317.55% |
| Growth Volatility | 88.16 |
Sungrow Power Supply Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Sungrow Power Supply Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300274 total assets for the complete picture of this company's asset base.
Annual Net Assets for Sungrow Power Supply Co Ltd (2008–2024)
The table below shows the annual net assets of Sungrow Power Supply Co Ltd from 2008 to 2024. For live valuation and market cap data, see Sungrow Power Supply Co Ltd (300274) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
+18.16% |
| 2021-12-31 | CN¥16.70 Billion ≈ $2.44 Billion |
+53.74% |
| 2020-12-31 | CN¥10.86 Billion ≈ $1.59 Billion |
+24.10% |
| 2019-12-31 | CN¥8.75 Billion ≈ $1.28 Billion |
+12.32% |
| 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 |
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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 94074.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥28.35 Billion | 76.81% |
| Common Stock | CN¥2.07 Billion | 5.62% |
| Other Components | CN¥6.49 Billion | 17.57% |
| Total Equity | CN¥36.91 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 |
|---|---|
|
Entergy Corporation
NYSE:ETR
|
$41.77 Billion |
|
Haleon plc
NYSE:HLN
|
$41.77 Billion |
|
NTPC Limited
NSE:NTPC
|
$41.86 Billion |
|
Ameriprise Financial Inc
NYSE:AMP
|
$41.87 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
$41.64 Billion |
|
Adani Ports and Special Economic Zone Limited
NSE:ADANIPORTS
|
$41.29 Billion |
|
Thomson Reuters Corp
TO:TRI
|
$41.26 Billion |
|
RECRUIT HLD.UNSP.ADR/02
F:1RHA
|
$41.23 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 2023 to 2024, total equity changed from 27,705,218,364 to 36,905,064,000, a change of 9,199,845,636 (33.2%).
- Net income of 11,036,279,000 contributed positively to equity growth.
- Dividend payments of 1,737,973,100 reduced retained earnings.
- Share repurchases of 517,785,847 reduced equity.
- Other factors increased equity by 419,325,583.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.04 Billion | +29.9% |
| Dividends Paid | CN¥1.74 Billion | -4.71% |
| Share Repurchases | CN¥517.79 Million | -1.4% |
| Other Changes | CN¥419.33 Million | +1.14% |
| Total Change | CN¥- | 33.21% |
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: 7.72x
- 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 924.33x to 7.72x 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¥137.41 | x |
| 2009-12-31 | CN¥0.19 | CN¥137.41 | x |
| 2010-12-31 | CN¥0.50 | CN¥137.41 | x |
| 2011-12-31 | CN¥1.98 | CN¥137.41 | x |
| 2012-12-31 | CN¥1.62 | CN¥137.41 | x |
| 2013-12-31 | CN¥1.76 | CN¥137.41 | x |
| 2014-12-31 | CN¥2.00 | CN¥137.41 | x |
| 2015-12-31 | CN¥2.18 | CN¥137.41 | x |
| 2016-12-31 | CN¥4.41 | CN¥137.41 | x |
| 2017-12-31 | CN¥4.81 | CN¥137.41 | x |
| 2018-12-31 | CN¥5.33 | CN¥137.41 | x |
| 2019-12-31 | CN¥5.90 | CN¥137.41 | x |
| 2020-12-31 | CN¥7.18 | CN¥137.41 | x |
| 2021-12-31 | CN¥10.68 | CN¥137.41 | x |
| 2022-12-31 | CN¥12.57 | CN¥137.41 | x |
| 2023-12-31 | CN¥18.65 | CN¥137.41 | x |
| 2024-12-31 | CN¥17.79 | CN¥137.41 | 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): 29.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.18%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 3.12x
- Recent ROE (29.90%) is above the historical average (16.18%), 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 | 10.39% | 6.86% | 0.57x | 2.66x | CN¥33.13 Million |
| 2020 | 18.69% | 10.13% | 0.69x | 2.68x | 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 |
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: $1,102,466,364
- Average return on equity (ROE) among peers: 12.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sungrow Power Supply Co Ltd (300274) | CN¥48.20 Billion | 7.27% | 1.50x | $41.69 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $868.77 Million | 22.25% | 1.96x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.19 Billion | 10.32% | 0.10x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.41 Billion | 1.38% | 0.23x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $881.96 Million | 3.88% | 5.40x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $728.66 Million | 5.17% | 0.60x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $218.98 Million | 10.86% | 0.64x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $1.11 Billion | 22.54% | 1.37x | $9.75 Billion |
About Sungrow Power Supply Co Ltd
Sungrow Power Supply Co., Ltd. researches, develops, produces, sells, and services of new energy power equipment in solar, wind, energy storage, hydrogen, electric vehicles, and charging infrastructure. It provides photovoltaic (PV) inverters, wind power converters and transmission products, energy storage systems, electric drive system for new energy vehicles, charging equipment, floating PV sys… Read more