Sinomag Technology Co Ltd
Sinomag Technology Co., Ltd. engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide. The company offers commutator, busbar, and microinverters. Its products are used in the automobile drives, electrification systems, and car bodies. Sinomag Technology Co., Ltd. was founded in 1998 and is headquartered in Hefei, C… Read more
Sinomag Technology Co Ltd (300835) - Net Assets
Latest net assets as of June 2025: CN¥1.19 Billion CNY
Based on the latest financial reports, Sinomag Technology Co Ltd (300835) has net assets worth CN¥1.19 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.38 Billion) and total liabilities (CN¥1.19 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.19 Billion |
| % of Total Assets | 50.1% |
| Annual Growth Rate | 19.16% |
| 5-Year Change | 31.97% |
| 10-Year Change | N/A |
| Growth Volatility | 16.45 |
Sinomag Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Sinomag Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sinomag Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Sinomag Technology Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.10 Billion | +0.32% |
| 2023-12-31 | CN¥1.10 Billion | +10.67% |
| 2022-12-31 | CN¥994.75 Million | +4.40% |
| 2021-12-31 | CN¥952.78 Million | +13.85% |
| 2020-12-31 | CN¥836.85 Million | +56.27% |
| 2019-12-31 | CN¥535.53 Million | +27.62% |
| 2018-12-31 | CN¥419.62 Million | +23.99% |
| 2017-12-31 | CN¥338.44 Million | +24.61% |
| 2016-12-31 | CN¥271.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinomag Technology 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 304.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥741.00 Million | 69.83% |
| Other Components | CN¥320.15 Million | 30.17% |
| Total Equity | CN¥1.06 Billion | 100.00% |
Sinomag Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Sinomag Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shaanxi Fenghuo Electronics Co Ltd
SHE:000561
|
$695.59 Million |
|
IDP Education Limited
PINK:IDPUF
|
$695.84 Million |
|
Service Stream Ltd
AU:SSM
|
$696.02 Million |
|
Vitec Software Group AB (publ)
ST:VIT-B
|
$696.03 Million |
|
Metsa Board Oyj A
HE:METSA
|
$694.90 Million |
|
Aussie Broadband Ltd
AU:ABB
|
$694.23 Million |
|
Harbin Electric Coporation Jiamusi Electric Machine Co Ltd
SHE:000922
|
$694.16 Million |
|
Vicat SA
PINK:SDCVF
|
$693.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinomag Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,050,299,887 to 1,061,147,213, a change of 10,847,326 (1.0%).
- Net income of 111,057,853 contributed positively to equity growth.
- Dividend payments of 41,906,795 reduced retained earnings.
- Other factors decreased equity by 58,303,732.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥111.06 Million | +10.47% |
| Dividends Paid | CN¥41.91 Million | -3.95% |
| Other Changes | CN¥-58.30 Million | -5.49% |
| Total Change | CN¥- | 1.03% |
Book Value vs Market Value Analysis
This analysis compares Sinomag Technology 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: 8.56x
- 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 11.92x to 8.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥6.39 | CN¥76.10 | x |
| 2018-12-31 | CN¥7.92 | CN¥76.10 | x |
| 2019-12-31 | CN¥10.10 | CN¥76.10 | x |
| 2020-12-31 | CN¥11.84 | CN¥76.10 | x |
| 2021-12-31 | CN¥13.48 | CN¥76.10 | x |
| 2022-12-31 | CN¥8.28 | CN¥76.10 | x |
| 2023-12-31 | CN¥8.74 | CN¥76.10 | x |
| 2024-12-31 | CN¥8.89 | CN¥76.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinomag Technology 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): 10.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.49%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.15x
- Recent ROE (10.47%) is below the historical average (13.71%), 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 | 18.38% | 11.63% | 0.80x | 1.98x | CN¥22.76 Million |
| 2017 | 19.97% | 13.45% | 0.85x | 1.74x | CN¥33.73 Million |
| 2018 | 19.27% | 15.22% | 0.78x | 1.62x | CN¥38.88 Million |
| 2019 | 15.80% | 15.36% | 0.67x | 1.55x | CN¥31.07 Million |
| 2020 | 8.15% | 12.20% | 0.52x | 1.27x | CN¥-15.47 Million |
| 2021 | 13.75% | 16.28% | 0.65x | 1.30x | CN¥35.73 Million |
| 2022 | 10.57% | 11.33% | 0.56x | 1.67x | CN¥5.63 Million |
| 2023 | 7.03% | 6.90% | 0.50x | 2.02x | CN¥-31.14 Million |
| 2024 | 10.47% | 9.49% | 0.51x | 2.15x | CN¥4.94 Million |
Industry Comparison
This section compares Sinomag Technology 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: $2,953,840,003
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinomag Technology Co Ltd (300835) | CN¥1.19 Billion | 18.38% | 1.00x | $695.16 Million |
| XJ Electric Co Ltd (000400) | $1.86 Billion | 9.08% | 0.66x | $2.46 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $880.32 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.09 Billion | 8.60% | 0.21x | $671.33 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $194.12 Million | 25.93% | 1.72x | $358.75 Million |
| Huagong Tech Co Ltd (000988) | $6.25 Billion | 8.04% | 0.54x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $476.40 Million | 11.31% | 1.40x | $825.08 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $6.27 Billion | 13.38% | 0.48x | $1.54 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $915.55 Million | 12.10% | 0.81x | $189.29 Million |
| Sieyuan Electric Co Ltd (002028) | $9.44 Billion | 12.93% | 0.66x | $14.08 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $173.24 Million | -9.95% | 0.83x | $209.09 Million |