Sichuan Dowell Science and Technology Inc (300535) - Net Assets
Based on the latest financial reports, Sichuan Dowell Science and Technology Inc (300535) has net assets worth CN¥994.53 Million CNY (≈ $145.53 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¥1.45 Billion ≈ $212.73 Million USD) and total liabilities (CN¥459.22 Million ≈ $67.20 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 300535 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥994.53 Million |
| % of Total Assets | 68.41% |
| Annual Growth Rate | 12.59% |
| 5-Year Change | 4.23% |
| 10-Year Change | 59.02% |
| Growth Volatility | 24.13 |
Sichuan Dowell Science and Technology Inc - Net Assets Trend (2011–2025)
This chart illustrates how Sichuan Dowell Science and Technology Inc's net assets have evolved over time, based on quarterly financial data. See Sichuan Dowell Science and Technology In (300535) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Dowell Science and Technology Inc (2011–2025)
The table below shows the annual net assets of Sichuan Dowell Science and Technology Inc from 2011 to 2025. For live valuation and market cap data, see 300535 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥995.54 Million ≈ $145.68 Million |
+4.55% |
| 2024-12-31 | CN¥952.23 Million ≈ $139.34 Million |
-3.30% |
| 2023-12-31 | CN¥984.77 Million ≈ $144.10 Million |
+5.93% |
| 2022-12-31 | CN¥929.64 Million ≈ $136.04 Million |
-2.67% |
| 2021-12-31 | CN¥955.15 Million ≈ $139.77 Million |
+8.65% |
| 2020-12-31 | CN¥879.09 Million ≈ $128.64 Million |
+16.55% |
| 2019-12-31 | CN¥754.26 Million ≈ $110.37 Million |
+6.61% |
| 2018-12-31 | CN¥707.52 Million ≈ $103.53 Million |
+6.77% |
| 2017-12-31 | CN¥662.66 Million ≈ $96.97 Million |
+5.85% |
| 2016-12-31 | CN¥626.05 Million ≈ $91.61 Million |
+98.91% |
| 2015-12-31 | CN¥314.74 Million ≈ $46.06 Million |
+14.93% |
| 2014-12-31 | CN¥273.85 Million ≈ $40.07 Million |
+13.62% |
| 2013-12-31 | CN¥241.01 Million ≈ $35.27 Million |
+12.99% |
| 2012-12-31 | CN¥213.31 Million ≈ $31.21 Million |
+12.69% |
| 2011-12-31 | CN¥189.29 Million ≈ $27.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Dowell Science and Technology Inc'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 632.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥438.90 Million | 45.84% |
| Other Components | CN¥518.66 Million | 54.16% |
| Total Equity | CN¥957.56 Million | 100.00% |
Sichuan Dowell Science and Technology Inc Competitors by Market Cap
The table below lists competitors of Sichuan Dowell Science and Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hexagon Composites ASA
OL:HEX
|
$228.00 Million |
|
Stellar V Capital Corp. Unit
NASDAQ:SVCCU
|
$228.04 Million |
|
Arizon RFID Tech (Cayman) Co
TW:6863
|
$228.15 Million |
|
VIA Labs Inc
TW:6756
|
$228.22 Million |
|
GOCL Corporation Limited
NSE:GOCLCORP
|
$227.82 Million |
|
Ihlas Haber Ajansi AS
IS:IHAAS
|
$227.81 Million |
|
Síminn hf
IC:SIMINN
|
$227.80 Million |
|
Treace Medical Concepts Inc
NASDAQ:TMCI
|
$227.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Dowell Science and Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 917,272,304 to 957,559,907, a change of 40,287,603 (4.4%).
- Net income of 35,812,851 contributed positively to equity growth.
- Dividend payments of 8,829,568 reduced retained earnings.
- Other comprehensive income decreased equity by 51,338,099.
- Other factors increased equity by 64,642,418.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥35.81 Million | +3.74% |
| Dividends Paid | CN¥8.83 Million | -0.92% |
| Other Comprehensive Income | CN¥-51.34 Million | -5.36% |
| Other Changes | CN¥64.64 Million | +6.75% |
| Total Change | CN¥- | 4.39% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Dowell Science and Technology Inc'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: 1.63x
- 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 5.72x to 1.63x 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¥2.54 | CN¥14.55 | x |
| 2012-12-31 | CN¥2.86 | CN¥14.55 | x |
| 2013-12-31 | CN¥3.20 | CN¥14.55 | x |
| 2014-12-31 | CN¥3.67 | CN¥14.55 | x |
| 2015-12-31 | CN¥4.19 | CN¥14.55 | x |
| 2016-12-31 | CN¥7.52 | CN¥14.55 | x |
| 2017-12-31 | CN¥6.64 | CN¥14.55 | x |
| 2018-12-31 | CN¥6.91 | CN¥14.55 | x |
| 2019-12-31 | CN¥7.34 | CN¥14.55 | x |
| 2020-12-31 | CN¥8.11 | CN¥14.55 | x |
| 2021-12-31 | CN¥8.75 | CN¥14.55 | x |
| 2022-12-31 | CN¥8.67 | CN¥14.55 | x |
| 2023-12-31 | CN¥8.98 | CN¥14.55 | x |
| 2024-12-31 | CN¥8.75 | CN¥14.55 | x |
| 2025-12-31 | CN¥8.95 | CN¥14.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Dowell Science and Technology Inc 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): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.02%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.52x
- Recent ROE (3.74%) is below the historical average (8.16%), 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 | 15.08% | 13.41% | 0.75x | 1.51x | CN¥9.62 Million |
| 2012 | 15.30% | 13.72% | 0.72x | 1.55x | CN¥11.30 Million |
| 2013 | 14.26% | 12.82% | 0.76x | 1.46x | CN¥10.22 Million |
| 2014 | 14.70% | 14.86% | 0.69x | 1.44x | CN¥12.85 Million |
| 2015 | 15.30% | 17.48% | 0.70x | 1.25x | CN¥16.66 Million |
| 2016 | 9.24% | 19.33% | 0.43x | 1.10x | CN¥-4.74 Million |
| 2017 | 7.82% | 15.56% | 0.46x | 1.09x | CN¥-14.47 Million |
| 2018 | 5.85% | 11.63% | 0.46x | 1.10x | CN¥-29.32 Million |
| 2019 | 5.22% | 9.93% | 0.45x | 1.17x | CN¥-36.04 Million |
| 2020 | 6.94% | 12.14% | 0.43x | 1.32x | CN¥-25.18 Million |
| 2021 | 7.33% | 10.45% | 0.49x | 1.42x | CN¥-23.99 Million |
| 2022 | -0.20% | -0.36% | 0.40x | 1.43x | CN¥-91.91 Million |
| 2023 | 3.03% | 3.92% | 0.51x | 1.51x | CN¥-65.45 Million |
| 2024 | -1.25% | -1.52% | 0.53x | 1.54x | CN¥-103.18 Million |
| 2025 | 3.74% | 5.02% | 0.49x | 1.52x | CN¥-59.94 Million |
Industry Comparison
This section compares Sichuan Dowell Science and Technology Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,166,812,577
- Average return on equity (ROE) among peers: 6.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Dowell Science and Technology Inc (300535) | CN¥994.53 Million | 15.08% | 0.46x | $227.86 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.30 Billion | 0.62% | 0.29x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $32.94 Billion | 10.26% | 2.20x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $552.98 Million | 12.21% | 1.11x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $1.07 Billion | 6.09% | 3.18x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.51 Billion | 7.32% | 1.02x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $13.62 Billion | 6.01% | 1.21x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About Sichuan Dowell Science and Technology Inc
Sichuan Dowell Science and Technology Inc. researches, develops, produces, and sells leather chemicals in China. The company offers cleaning tanning materials, leather functional additives, finishing materials, colorants, environmentally friendly multi-layer solid wood board, and waterborne wood paints and processing; and waterborne polyurethane material, as well as provides plastic products. It … Read more