Sinostar Cable Co. Ltd. (300933) - Net Assets
Based on the latest financial reports, Sinostar Cable Co. Ltd. (300933) has net assets worth CN¥2.11 Billion CNY (≈ $308.41 Million 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¥4.33 Billion ≈ $632.96 Million USD) and total liabilities (CN¥2.22 Billion ≈ $324.55 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 300933 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.11 Billion |
| % of Total Assets | 48.72% |
| Annual Growth Rate | 11.78% |
| 5-Year Change | 60.37% |
| 10-Year Change | N/A |
| Growth Volatility | 8.33 |
Sinostar Cable Co. Ltd. - Net Assets Trend (2016–2024)
This chart illustrates how Sinostar Cable Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Sinostar Cable Co. Ltd. total assets for the complete picture of this company's asset base.
Annual Net Assets for Sinostar Cable Co. Ltd. (2016–2024)
The table below shows the annual net assets of Sinostar Cable Co. Ltd. from 2016 to 2024. For live valuation and market cap data, see how much is Sinostar Cable Co. Ltd. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.70 Billion ≈ $248.39 Million |
+2.55% |
| 2023-12-31 | CN¥1.66 Billion ≈ $242.21 Million |
+4.67% |
| 2022-12-31 | CN¥1.58 Billion ≈ $231.40 Million |
+14.51% |
| 2021-12-31 | CN¥1.38 Billion ≈ $202.08 Million |
+30.47% |
| 2020-12-31 | CN¥1.06 Billion ≈ $154.89 Million |
+9.35% |
| 2019-12-31 | CN¥968.00 Million ≈ $141.65 Million |
+11.04% |
| 2018-12-31 | CN¥871.76 Million ≈ $127.57 Million |
+17.39% |
| 2017-12-31 | CN¥742.63 Million ≈ $108.67 Million |
+6.67% |
| 2016-12-31 | CN¥696.21 Million ≈ $101.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinostar Cable 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 2659.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥500.51 Million | 30.11% |
| Common Stock | CN¥466.06 Million | 28.04% |
| Other Comprehensive Income | CN¥221.72 Million | 13.34% |
| Other Components | CN¥474.04 Million | 28.52% |
| Total Equity | CN¥1.66 Billion | 100.00% |
Sinostar Cable Co. Ltd. Competitors by Market Cap
The table below lists competitors of Sinostar Cable Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Yuean Advanced Materials Co Ltd
SHG:688786
|
$653.37 Million |
|
Henan Newland Pharmaceutical Co. Ltd. A
SHE:301277
|
$654.06 Million |
|
Zhejiang Xinzhonggang Thermal Power Co Ltd
SHG:605162
|
$654.18 Million |
|
Sichuan Expressway Company Limited
F:EXF1
|
$654.20 Million |
|
Shenzhen Jinxinnong Feed Co Ltd
SHE:002548
|
$653.20 Million |
|
Zhejiang Jasan Holding Group Co Ltd
SHG:603558
|
$652.81 Million |
|
Jiang Su Wujin Stainless Steel Pipe Group Co Ltd
SHG:603878
|
$652.79 Million |
|
Bintulu Port Holdings Bhd
KLSE:5032
|
$652.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinostar Cable Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,620,616,121 to 1,662,335,330, a change of 41,719,209 (2.6%).
- Net income of 38,121,440 contributed positively to equity growth.
- Dividend payments of 69,936,995 reduced retained earnings.
- Other comprehensive income decreased equity by 14,763,353.
- Other factors increased equity by 88,298,117.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥38.12 Million | +2.29% |
| Dividends Paid | CN¥69.94 Million | -4.21% |
| Other Comprehensive Income | CN¥-14.76 Million | -0.89% |
| Other Changes | CN¥88.30 Million | +5.31% |
| Total Change | CN¥- | 2.57% |
Book Value vs Market Value Analysis
This analysis compares Sinostar Cable 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: 2.34x
- 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 3.69x to 2.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.21 | CN¥8.16 | x |
| 2017-12-31 | CN¥2.05 | CN¥8.16 | x |
| 2018-12-31 | CN¥2.36 | CN¥8.16 | x |
| 2019-12-31 | CN¥2.04 | CN¥8.16 | x |
| 2020-12-31 | CN¥2.24 | CN¥8.16 | x |
| 2021-12-31 | CN¥2.95 | CN¥8.16 | x |
| 2022-12-31 | CN¥3.39 | CN¥8.16 | x |
| 2023-12-31 | CN¥3.42 | CN¥8.16 | x |
| 2024-12-31 | CN¥3.49 | CN¥8.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinostar Cable 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): 2.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.23%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.57x
- Recent ROE (2.29%) is below the historical average (6.76%), 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 | 6.78% | 3.07% | 0.90x | 2.45x | CN¥-21.33 Million |
| 2017 | 6.84% | 2.49% | 1.23x | 2.24x | CN¥-22.45 Million |
| 2018 | 10.58% | 4.67% | 1.14x | 2.00x | CN¥4.85 Million |
| 2019 | 10.39% | 4.65% | 1.11x | 2.02x | CN¥3.68 Million |
| 2020 | 8.91% | 4.46% | 0.92x | 2.17x | CN¥-11.22 Million |
| 2021 | 6.04% | 3.23% | 0.88x | 2.12x | CN¥-53.66 Million |
| 2022 | 4.91% | 2.96% | 0.75x | 2.21x | CN¥-79.13 Million |
| 2023 | 4.09% | 2.37% | 0.71x | 2.43x | CN¥-95.71 Million |
| 2024 | 2.29% | 1.23% | 0.72x | 2.57x | CN¥-128.11 Million |
Industry Comparison
This section compares Sinostar Cable 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: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinostar Cable Co. Ltd. (300933) | CN¥2.11 Billion | 6.78% | 1.05x | $653.26 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Sinostar Cable Co. Ltd.
Sinostar Cable Co., Ltd engages in the research, development, production, and sale of wires, cables, and cable accessories. The company offers power cables, electrical equipment wires and cables, bare wires, and specialty products. Its products are used in construction and upgrading of power transmission backbone networks, urban distribution networks, and rural power grids. Sinostar Cable Co., Lt… Read more