Shanghai Prosolar Resources Development Co Ltd (600193) - Net Assets
Based on the latest financial reports, Shanghai Prosolar Resources Development Co Ltd (600193) has net assets worth CN¥89.87 Million CNY (≈ $13.15 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¥528.85 Million ≈ $77.39 Million USD) and total liabilities (CN¥438.98 Million ≈ $64.24 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 Shanghai Prosolar Resources Development (600193) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥89.87 Million |
| % of Total Assets | 16.99% |
| Annual Growth Rate | -4.38% |
| 5-Year Change | -68.33% |
| 10-Year Change | -73.03% |
| Growth Volatility | 26.48 |
Shanghai Prosolar Resources Development Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Shanghai Prosolar Resources Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanghai Prosolar Resources Development liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Prosolar Resources Development Co Ltd (2000–2024)
The table below shows the annual net assets of Shanghai Prosolar Resources Development Co Ltd from 2000 to 2024. For live valuation and market cap data, see 600193 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥103.56 Million ≈ $15.15 Million |
-65.11% |
| 2023-12-31 | CN¥296.80 Million ≈ $43.43 Million |
-6.80% |
| 2022-12-31 | CN¥318.46 Million ≈ $46.60 Million |
-9.38% |
| 2021-12-31 | CN¥351.40 Million ≈ $51.42 Million |
+7.47% |
| 2020-12-31 | CN¥326.99 Million ≈ $47.85 Million |
+23.91% |
| 2019-12-31 | CN¥263.88 Million ≈ $38.61 Million |
+23.65% |
| 2018-12-31 | CN¥213.41 Million ≈ $31.23 Million |
+17.49% |
| 2017-12-31 | CN¥181.64 Million ≈ $26.58 Million |
-29.55% |
| 2016-12-31 | CN¥257.82 Million ≈ $37.73 Million |
-32.86% |
| 2015-12-31 | CN¥383.99 Million ≈ $56.19 Million |
+14.43% |
| 2014-12-31 | CN¥335.57 Million ≈ $49.11 Million |
-53.51% |
| 2013-12-31 | CN¥721.83 Million ≈ $105.63 Million |
+34.87% |
| 2012-12-31 | CN¥535.19 Million ≈ $78.32 Million |
+26.38% |
| 2011-12-31 | CN¥423.46 Million ≈ $61.97 Million |
-9.05% |
| 2010-12-31 | CN¥465.61 Million ≈ $68.13 Million |
+39.92% |
| 2009-12-31 | CN¥332.76 Million ≈ $48.69 Million |
-28.69% |
| 2008-12-31 | CN¥466.62 Million ≈ $68.28 Million |
+11.35% |
| 2007-12-31 | CN¥419.06 Million ≈ $61.32 Million |
+36.85% |
| 2006-12-31 | CN¥306.23 Million ≈ $44.81 Million |
-1.93% |
| 2005-12-31 | CN¥312.24 Million ≈ $45.69 Million |
+2.73% |
| 2004-12-31 | CN¥303.95 Million ≈ $44.48 Million |
+1.85% |
| 2003-12-31 | CN¥298.43 Million ≈ $43.67 Million |
-0.59% |
| 2002-12-31 | CN¥300.19 Million ≈ $43.93 Million |
+2.97% |
| 2001-12-31 | CN¥291.53 Million ≈ $42.66 Million |
-3.88% |
| 2000-12-31 | CN¥303.30 Million ≈ $44.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Prosolar Resources Development 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 decreased by 1191.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥615.05 Million | 593.88% |
| Total Equity | CN¥103.56 Million | 100.00% |
Shanghai Prosolar Resources Development Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Prosolar Resources Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HYDROTOR SA
WAR:HDR
|
$9.34 Million |
|
Indo Straits Tbk
JK:PTIS
|
$9.35 Million |
|
ReShape Lifesciences Inc
NASDAQ:RSLS
|
$9.35 Million |
|
Vistry Group PLC
LSE:VTY
|
$9.37 Million |
|
Saxlund Group AB
ST:SAXG
|
$9.34 Million |
|
Corella Resources Ltd
AU:CR9
|
$9.33 Million |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
$9.33 Million |
|
Castle Minerals Ltd
AU:CDT
|
$9.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Prosolar Resources Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 296,796,236 to 103,564,231, a change of -193,232,005 (-65.1%).
- Net loss of 193,384,912 reduced equity.
- Dividend payments of 1,424,745 reduced retained earnings.
- Other factors increased equity by 1,577,652.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-193.38 Million | -186.73% |
| Dividends Paid | CN¥1.42 Million | -1.38% |
| Other Changes | CN¥1.58 Million | +1.52% |
| Total Change | CN¥- | -65.11% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Prosolar Resources Development 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: 0.62x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.35x to 0.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥0.43 | CN¥0.15 | x |
| 2018-12-31 | CN¥0.50 | CN¥0.15 | x |
| 2019-12-31 | CN¥0.55 | CN¥0.15 | x |
| 2020-12-31 | CN¥0.69 | CN¥0.15 | x |
| 2021-12-31 | CN¥0.74 | CN¥0.15 | x |
| 2022-12-31 | CN¥0.75 | CN¥0.15 | x |
| 2023-12-31 | CN¥0.70 | CN¥0.15 | x |
| 2024-12-31 | CN¥0.24 | CN¥0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Prosolar Resources Development 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): -186.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -230.18%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.53x
- Recent ROE (-186.73%) is below the historical average (-3.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.06% | 13.67% | 0.35x | 2.13x | CN¥150.10K |
| 2001 | 6.15% | 14.20% | 0.23x | 1.90x | CN¥-10.24 Million |
| 2002 | 6.02% | 9.05% | 0.25x | 2.63x | CN¥-10.97 Million |
| 2004 | 3.54% | 10.04% | 0.13x | 2.75x | CN¥-17.97 Million |
| 2005 | 3.12% | 11.30% | 0.12x | 2.39x | CN¥-19.77 Million |
| 2006 | 4.02% | 20.87% | 0.08x | 2.55x | CN¥-16.71 Million |
| 2007 | 30.02% | 301.58% | 0.05x | 2.00x | CN¥78.97 Million |
| 2008 | 11.97% | 17.21% | 0.50x | 1.39x | CN¥8.71 Million |
| 2009 | 3.21% | 11.78% | 0.12x | 2.20x | CN¥-22.31 Million |
| 2010 | 26.08% | 119.42% | 0.11x | 1.99x | CN¥73.39 Million |
| 2012 | 21.49% | 106.99% | 0.10x | 2.09x | CN¥59.71 Million |
| 2013 | 11.74% | 83.94% | 0.08x | 1.73x | CN¥12.37 Million |
| 2015 | 16.76% | 346.94% | 0.05x | 1.05x | CN¥25.97 Million |
| 2016 | -49.61% | -223.00% | 0.19x | 1.17x | CN¥-153.69 Million |
| 2017 | -43.06% | -316.97% | 0.09x | 1.54x | CN¥-96.38 Million |
| 2018 | 14.53% | 13.54% | 0.67x | 1.60x | CN¥9.68 Million |
| 2019 | 8.26% | 3.45% | 0.51x | 4.71x | CN¥-4.05 Million |
| 2020 | 19.84% | 5.29% | 0.84x | 4.46x | CN¥28.74 Million |
| 2021 | 6.33% | 2.87% | 0.54x | 4.08x | CN¥-11.49 Million |
| 2022 | 1.95% | 2.36% | 0.36x | 2.28x | CN¥-25.62 Million |
| 2023 | -7.12% | -16.22% | 0.18x | 2.43x | CN¥-50.81 Million |
| 2024 | -186.73% | -230.18% | 0.15x | 5.53x | CN¥-203.74 Million |
Industry Comparison
This section compares Shanghai Prosolar Resources Development Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,337,506,041
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Prosolar Resources Development Co Ltd (600193) | CN¥89.87 Million | 10.06% | 4.88x | $9.34 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $85.43 Million | -1.22% | 1.48x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.02 Billion | 0.84% | 0.48x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $5.45 Billion | 12.95% | 1.70x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $2.08 Billion | -5.51% | 1.59x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $35.37 Billion | 6.57% | 3.62x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $3.87 Billion | 9.07% | 1.07x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $1.79 Billion | 4.84% | 0.26x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $447.10 Million | 0.48% | 3.19x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $755.13 Million | 2.68% | 0.20x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.50 Billion | -9.06% | 0.24x | $614.96 Million |
About Shanghai Prosolar Resources Development Co Ltd
Shanghai Prosolar Resources Development Co., Ltd provides interior decoration, infrastructure engineering, visual design services for building construction, and sale of supporting products for the curtain wall and door and window projects in China. Shanghai Prosolar Resources Development Co., Ltd was founded in 1996 and is based in Shanghai, China.