QC Solar (Suzhou) Co. Ltd. A (301278) - Net Assets
Based on the latest financial reports, QC Solar (Suzhou) Co. Ltd. A (301278) has net assets worth CN¥1.42 Billion CNY (≈ $207.24 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.94 Billion ≈ $284.56 Million USD) and total liabilities (CN¥528.38 Million ≈ $77.32 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 how resilient are QC Solar (Suzhou) Co. Ltd. A's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.42 Billion |
| % of Total Assets | 72.83% |
| Annual Growth Rate | 35.55% |
| 5-Year Change | 290.34% |
| 10-Year Change | N/A |
| Growth Volatility | 57.37 |
QC Solar (Suzhou) Co. Ltd. A - Net Assets Trend (2019–2024)
This chart illustrates how QC Solar (Suzhou) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore QC Solar (Suzhou) Co. Ltd. A assets under control for the complete picture of this company's asset base.
Annual Net Assets for QC Solar (Suzhou) Co. Ltd. A (2019–2024)
The table below shows the annual net assets of QC Solar (Suzhou) Co. Ltd. A from 2019 to 2024. For live valuation and market cap data, see 301278 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.27 Billion ≈ $185.13 Million |
+6.60% |
| 2023-12-31 | CN¥1.19 Billion ≈ $173.67 Million |
+18.17% |
| 2022-12-31 | CN¥1.00 Billion ≈ $146.97 Million |
+158.45% |
| 2021-12-31 | CN¥388.61 Million ≈ $56.87 Million |
+19.90% |
| 2020-12-31 | CN¥324.12 Million ≈ $47.43 Million |
+17.30% |
| 2019-12-31 | CN¥276.33 Million ≈ $40.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to QC Solar (Suzhou) Co. Ltd. A'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 261.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥648.76 Million | 51.28% |
| Other Components | CN¥616.41 Million | 48.72% |
| Total Equity | CN¥1.27 Billion | 100.00% |
QC Solar (Suzhou) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of QC Solar (Suzhou) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clean Energy Fuels Corp
NASDAQ:CLNE
|
$510.97 Million |
|
PVA TePla AG
XETRA:TPE
|
$510.97 Million |
|
Shanghai Weihong Electronic Technology Co Ltd
SHE:300508
|
$511.04 Million |
|
Shanghai Ailu Package Co. Ltd.
SHE:301062
|
$511.11 Million |
|
Geron Co Ltd
SHE:002722
|
$510.88 Million |
|
Shanghai Trendzone Decor Grp
SHG:603030
|
$510.68 Million |
|
Zenitron Corp
TW:3028
|
$510.50 Million |
|
Organización Cultiba S.A.B. de C.V
MX:CULTIBAB
|
$510.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QC Solar (Suzhou) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,186,820,400 to 1,265,168,690, a change of 78,348,290 (6.6%).
- Net income of 99,014,452 contributed positively to equity growth.
- Dividend payments of 24,996,840 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥99.01 Million | +7.83% |
| Dividends Paid | CN¥25.00 Million | -1.98% |
| Other Changes | CN¥4.33 Million | +0.34% |
| Total Change | CN¥- | 6.60% |
Book Value vs Market Value Analysis
This analysis compares QC Solar (Suzhou) Co. Ltd. A'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: 2.56x
- 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 6.76x to 2.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥5.76 | CN¥38.92 | x |
| 2020-12-31 | CN¥5.19 | CN¥38.92 | x |
| 2021-12-31 | CN¥6.23 | CN¥38.92 | x |
| 2022-12-31 | CN¥12.07 | CN¥38.92 | x |
| 2023-12-31 | CN¥14.24 | CN¥38.92 | x |
| 2024-12-31 | CN¥15.18 | CN¥38.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QC Solar (Suzhou) Co. Ltd. A 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.96%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.35x
- Recent ROE (7.83%) is below the historical average (14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 15.02% | 11.74% | 0.78x | 1.64x | CN¥13.86 Million |
| 2020 | 19.66% | 12.66% | 0.83x | 1.86x | CN¥31.31 Million |
| 2021 | 16.69% | 8.81% | 0.93x | 2.04x | CN¥25.99 Million |
| 2022 | 11.79% | 10.77% | 0.74x | 1.48x | CN¥18.00 Million |
| 2023 | 16.31% | 15.07% | 0.76x | 1.42x | CN¥74.93 Million |
| 2024 | 7.83% | 10.96% | 0.53x | 1.35x | CN¥-27.50 Million |
Industry Comparison
This section compares QC Solar (Suzhou) Co. Ltd. A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QC Solar (Suzhou) Co. Ltd. A (301278) | CN¥1.42 Billion | 15.02% | 0.37x | $510.91 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About QC Solar (Suzhou) Co. Ltd. A
QC Solar Corporation engages in the research and development, manufacture, and sale of photovoltaic (PV) connection boxes and connectors in China. It offers power semiconductor modules; PV general and smart junction boxes; solar, energy storage, EV, and robotics cables; solar PV, energy storage, and EV connectors and cables harness; and installation tools. The company also provides data computing… Read more