Chaozhou Three-circle Group Co Ltd Net Assets
Chaozhou Three-circle Group Co Ltd net assets. Based on the latest financial reports, Chaozhou Three-circle Group Co Ltd (300408) has net assets worth CN¥21.01 Billion CNY (≈ $3.07 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¥25.38 Billion ≈ $3.71 Billion USD) and total liabilities (CN¥4.37 Billion ≈ $640.16 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. Also explore net asset momentum of Chaozhou Three-circle Group Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.01 Billion |
| % of Total Assets | 82.76% |
| Annual Growth Rate | 25.46% |
| 5-Year Change | 83.77% |
| 10-Year Change | 361.26% |
| Growth Volatility | 25.81 |
Net Assets of Chaozhou Three-circle Group Co Ltd (2011–2024)
Net assets of Chaozhou Three-circle Group Co Ltd from 2011 to 2024. This chart illustrates how Chaozhou Three-circle Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 300408 equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Chaozhou Three-circle Group Co Ltd (2011–2024)
The table below shows the annual net assets of Chaozhou Three-circle Group Co Ltd from 2011 to 2024. For live market cap and overall valuation, see 300408 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥19.87 Billion ≈ $2.91 Billion |
+8.95% |
| 2023-12-31 | CN¥18.24 Billion ≈ $2.67 Billion |
+6.64% |
| 2022-12-31 | CN¥17.10 Billion ≈ $2.50 Billion |
+5.63% |
| 2021-12-31 | CN¥16.19 Billion ≈ $2.37 Billion |
+49.73% |
| 2020-12-31 | CN¥10.81 Billion ≈ $1.58 Billion |
+43.99% |
| 2019-12-31 | CN¥7.51 Billion ≈ $1.10 Billion |
+6.94% |
| 2018-12-31 | CN¥7.02 Billion ≈ $1.03 Billion |
+18.32% |
| 2017-12-31 | CN¥5.94 Billion ≈ $868.55 Million |
+15.39% |
| 2016-12-31 | CN¥5.14 Billion ≈ $752.70 Million |
+19.40% |
| 2015-12-31 | CN¥4.31 Billion ≈ $630.42 Million |
+18.44% |
| 2014-12-31 | CN¥3.64 Billion ≈ $532.26 Million |
+102.48% |
| 2013-12-31 | CN¥1.80 Billion ≈ $262.87 Million |
+22.30% |
| 2012-12-31 | CN¥1.47 Billion ≈ $214.93 Million |
+41.06% |
| 2011-12-31 | CN¥1.04 Billion ≈ $152.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chaozhou Three-circle Group 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 1568.8% over the analyzed period, indicating profitable operations and earnings retention.
Chaozhou Three-circle Group Co Ltd Net Assets Breakdown (December 2024)
Chaozhou Three-circle Group Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.64 Billion | 53.57% |
| Common Stock | CN¥1.92 Billion | 9.65% |
| Other Components | CN¥7.31 Billion | 36.78% |
| Total Equity | CN¥19.87 Billion | 100.00% |
Chaozhou Three-circle Group Co Ltd Competitors by Market Cap
The table below lists competitors of Chaozhou Three-circle Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA RES.LAND UNS.ADR/10
F:CHZ0
|
$22.25 Billion |
|
T. Rowe Price Group Inc
NASDAQ:TROW
|
$22.26 Billion |
|
Omnicom Group Inc
NYSE:OMC
|
$22.29 Billion |
|
AVIVA PLC SPONS.ADR/2
F:GU80
|
$22.30 Billion |
|
XPO Logistics Inc
NYSE:XPO
|
$22.20 Billion |
|
Packaging Corp of America
NYSE:PKG
|
$22.16 Billion |
|
LyondellBasell Industries NV
NYSE:LYB
|
$22.16 Billion |
|
Pure Storage Inc
NYSE:PSTG
|
$22.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chaozhou Three-circle Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,233,197,637 to 19,866,081,060, a change of 1,632,883,423 (9.0%).
- Net income of 2,190,449,380 contributed positively to equity growth.
- Dividend payments of 553,659,596 reduced retained earnings.
- Other comprehensive income decreased equity by 1,298,348,302.
- Other factors increased equity by 1,294,441,941.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.19 Billion | +11.03% |
| Dividends Paid | CN¥553.66 Million | -2.79% |
| Other Comprehensive Income | CN¥-1.30 Billion | -6.54% |
| Other Changes | CN¥1.29 Billion | +6.52% |
| Total Change | CN¥- | 8.96% |
Book Value vs Market Value Analysis
This analysis compares Chaozhou Three-circle Group 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: 7.64x
- 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 125.50x to 7.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.63 | CN¥79.23 | x |
| 2012-12-31 | CN¥0.93 | CN¥79.23 | x |
| 2013-12-31 | CN¥1.15 | CN¥79.23 | x |
| 2014-12-31 | CN¥2.34 | CN¥79.23 | x |
| 2015-12-31 | CN¥2.50 | CN¥79.23 | x |
| 2016-12-31 | CN¥2.95 | CN¥79.23 | x |
| 2017-12-31 | CN¥3.43 | CN¥79.23 | x |
| 2018-12-31 | CN¥4.03 | CN¥79.23 | x |
| 2019-12-31 | CN¥4.31 | CN¥79.23 | x |
| 2020-12-31 | CN¥6.16 | CN¥79.23 | x |
| 2021-12-31 | CN¥8.86 | CN¥79.23 | x |
| 2022-12-31 | CN¥8.92 | CN¥79.23 | x |
| 2023-12-31 | CN¥9.46 | CN¥79.23 | x |
| 2024-12-31 | CN¥10.37 | CN¥79.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chaozhou Three-circle Group 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): 11.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.70%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.20x
- Recent ROE (11.03%) is below the historical average (19.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 42.77% | 24.39% | 1.15x | 1.53x | CN¥316.97 Million |
| 2012 | 38.65% | 26.24% | 1.03x | 1.43x | CN¥409.11 Million |
| 2013 | 32.05% | 27.98% | 0.83x | 1.38x | CN¥389.61 Million |
| 2014 | 17.96% | 29.46% | 0.52x | 1.17x | CN¥287.24 Million |
| 2015 | 20.42% | 35.10% | 0.50x | 1.17x | CN¥445.74 Million |
| 2016 | 20.71% | 36.68% | 0.49x | 1.15x | CN¥547.78 Million |
| 2017 | 18.37% | 34.62% | 0.42x | 1.26x | CN¥493.68 Million |
| 2018 | 18.86% | 35.17% | 0.44x | 1.21x | CN¥619.53 Million |
| 2019 | 11.60% | 31.96% | 0.32x | 1.14x | CN¥120.27 Million |
| 2020 | 13.31% | 36.04% | 0.32x | 1.14x | CN¥358.22 Million |
| 2021 | 12.42% | 32.34% | 0.33x | 1.15x | CN¥391.78 Million |
| 2022 | 8.80% | 29.22% | 0.26x | 1.15x | CN¥-205.26 Million |
| 2023 | 8.67% | 27.61% | 0.26x | 1.20x | CN¥-242.33 Million |
| 2024 | 11.03% | 29.70% | 0.31x | 1.20x | CN¥203.84 Million |
Industry Comparison
This section compares Chaozhou Three-circle Group Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,902,973,230
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chaozhou Three-circle Group Co Ltd (300408) | CN¥21.01 Billion | 42.77% | 0.21x | $22.22 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $280.18 Million | 1.16% | 1.43x | $297.44 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $173.91 Million | -9.94% | 2.76x | $1.14 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.50 Billion | 9.74% | 1.05x | $408.04 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.19 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.13 Billion | 1.15% | 0.64x | $5.46 Billion |
| Xiamen Xindeco Ltd (000701) | $3.04 Billion | 0.36% | 4.90x | $561.71 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $23.72 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $14.75 Billion | 6.58% | 0.22x | $2.76 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $532.59 Million | 12.12% | 0.78x | $1.74 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $2.83 Billion | 11.00% | 0.55x | $3.16 Billion |
About Chaozhou Three-circle Group Co Ltd
Chaozhou Three-Circle (Group) Co.,Ltd., together with its subsidiaries, engages in the research and development, production, and sale of electronic ceramic electronic components and basic materials in China and internationally. The company offers precision ceramic structural component for medical equipments/devices, new energy, automotive field, chemical industry, and industrial equipment, as wel… Read more