Sumec Corp Ltd
Sumec Corporation Limited engages in the supply and industrial chain business in China. The company offers industrial chain products and services, including clean energy, such as photovoltaic products and engineering, operation, and maintenance services; ecological and environmental protection that includes sewage treatment, garbage treatment, soil remediation, restaurant kitchen waste treatment,… Read more
Sumec Corp Ltd (600710) - Net Assets
Latest net assets as of September 2025: CN¥15.71 Billion CNY
Based on the latest financial reports, Sumec Corp Ltd (600710) has net assets worth CN¥15.71 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥60.08 Billion) and total liabilities (CN¥44.38 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¥15.71 Billion |
| % of Total Assets | 26.14% |
| Annual Growth Rate | 20.59% |
| 5-Year Change | 32.29% |
| 10-Year Change | 1113.2% |
| Growth Volatility | 83.49 |
Sumec Corp Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Sumec Corp 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 Sumec Corp Ltd (1993–2024)
The table below shows the annual net assets of Sumec Corp Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.52 Billion | +10.18% |
| 2023-12-31 | CN¥13.18 Billion | -1.60% |
| 2022-12-31 | CN¥13.39 Billion | +10.42% |
| 2021-12-31 | CN¥12.13 Billion | +10.51% |
| 2020-12-31 | CN¥10.97 Billion | +13.19% |
| 2019-12-31 | CN¥9.70 Billion | +14.49% |
| 2018-12-31 | CN¥8.47 Billion | +19.98% |
| 2017-12-31 | CN¥7.06 Billion | +7.75% |
| 2016-12-31 | CN¥6.55 Billion | +447.39% |
| 2015-12-31 | CN¥1.20 Billion | -30.73% |
| 2014-12-31 | CN¥1.73 Billion | -7.97% |
| 2013-12-31 | CN¥1.88 Billion | -10.35% |
| 2012-12-31 | CN¥2.09 Billion | -0.12% |
| 2011-12-31 | CN¥2.10 Billion | +43.63% |
| 2010-12-31 | CN¥1.46 Billion | +23.83% |
| 2009-12-31 | CN¥1.18 Billion | +6.28% |
| 2008-12-31 | CN¥1.11 Billion | +3.31% |
| 2007-12-31 | CN¥1.07 Billion | +49.69% |
| 2006-12-31 | CN¥717.08 Million | +4.75% |
| 2005-12-31 | CN¥684.55 Million | -0.99% |
| 2004-12-31 | CN¥691.37 Million | +5.57% |
| 2003-12-31 | CN¥654.92 Million | +35.58% |
| 2002-12-31 | CN¥483.04 Million | +6.33% |
| 2001-12-31 | CN¥454.29 Million | -1.28% |
| 2000-12-31 | CN¥460.17 Million | +2.18% |
| 1999-12-31 | CN¥450.34 Million | -1.70% |
| 1998-12-31 | CN¥458.14 Million | +0.97% |
| 1997-12-31 | CN¥453.73 Million | +48.89% |
| 1996-12-31 | CN¥304.74 Million | +158.60% |
| 1995-12-31 | CN¥117.84 Million | +29.90% |
| 1994-12-31 | CN¥90.72 Million | +107.14% |
| 1993-12-31 | CN¥43.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sumec Corp 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 1580133.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.48 Billion | 59.91% |
| Common Stock | CN¥1.31 Billion | 17.46% |
| Other Comprehensive Income | CN¥776.38 Million | 10.37% |
| Other Components | CN¥917.10 Million | 12.25% |
| Total Equity | CN¥7.48 Billion | 100.00% |
Sumec Corp Ltd Competitors by Market Cap
The table below lists competitors of Sumec Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ams AG
PINK:AUKUF
|
$921.39 Million |
|
Wenzhou Yihua Connector Co Ltd
SHE:002897
|
$921.41 Million |
|
LSHGF
OTCGREY:LSHGF
|
$921.43 Million |
|
TOMPK.FINL CORP. DL-10
F:8J0
|
$921.67 Million |
|
NÜRNBERGER Beteiligungs-AG
F:NBG6
|
$921.01 Million |
|
KAGA EL. CO. LTD
F:9V2
|
$920.96 Million |
|
The SPAR Group Ltd
PINK:SGPPF
|
$920.87 Million |
|
PNC Process Systems Co Ltd
SHG:603690
|
$920.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sumec Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,884,481,420 to 7,484,338,000, a change of 599,856,580 (8.7%).
- Net income of 1,148,353,198 contributed positively to equity growth.
- Dividend payments of 605,324,436 reduced retained earnings.
- Other comprehensive income increased equity by 14,770,552.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.15 Billion | +15.34% |
| Dividends Paid | CN¥605.32 Million | -8.09% |
| Other Comprehensive Income | CN¥14.77 Million | +0.2% |
| Other Changes | CN¥42.06 Million | +0.56% |
| Total Change | CN¥- | 8.71% |
Book Value vs Market Value Analysis
This analysis compares Sumec Corp 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: 2.35x
- 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 158.29x to 2.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.09 | CN¥13.48 | x |
| 1994-12-31 | CN¥0.18 | CN¥13.48 | x |
| 1995-12-31 | CN¥0.23 | CN¥13.48 | x |
| 1996-12-31 | CN¥0.59 | CN¥13.48 | x |
| 1997-12-31 | CN¥0.88 | CN¥13.48 | x |
| 1998-12-31 | CN¥0.89 | CN¥13.48 | x |
| 1999-12-31 | CN¥0.88 | CN¥13.48 | x |
| 2000-12-31 | CN¥0.89 | CN¥13.48 | x |
| 2001-12-31 | CN¥0.88 | CN¥13.48 | x |
| 2002-12-31 | CN¥0.93 | CN¥13.48 | x |
| 2003-12-31 | CN¥1.27 | CN¥13.48 | x |
| 2004-12-31 | CN¥1.34 | CN¥13.48 | x |
| 2005-12-31 | CN¥1.32 | CN¥13.48 | x |
| 2006-12-31 | CN¥1.44 | CN¥13.48 | x |
| 2007-12-31 | CN¥1.89 | CN¥13.48 | x |
| 2008-12-31 | CN¥1.87 | CN¥13.48 | x |
| 2009-12-31 | CN¥1.95 | CN¥13.48 | x |
| 2010-12-31 | CN¥2.51 | CN¥13.48 | x |
| 2011-12-31 | CN¥3.36 | CN¥13.48 | x |
| 2012-12-31 | CN¥4.34 | CN¥13.48 | x |
| 2013-12-31 | CN¥2.94 | CN¥13.48 | x |
| 2014-12-31 | CN¥2.63 | CN¥13.48 | x |
| 2015-12-31 | CN¥1.24 | CN¥13.48 | x |
| 2016-12-31 | CN¥3.60 | CN¥13.48 | x |
| 2017-12-31 | CN¥3.01 | CN¥13.48 | x |
| 2018-12-31 | CN¥3.40 | CN¥13.48 | x |
| 2019-12-31 | CN¥3.69 | CN¥13.48 | x |
| 2020-12-31 | CN¥3.99 | CN¥13.48 | x |
| 2021-12-31 | CN¥4.33 | CN¥13.48 | x |
| 2022-12-31 | CN¥4.79 | CN¥13.48 | x |
| 2023-12-31 | CN¥5.28 | CN¥13.48 | x |
| 2024-12-31 | CN¥5.74 | CN¥13.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sumec Corp 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): 15.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.98%
- • Asset Turnover: 2.13x
- • Equity Multiplier: 7.34x
- Recent ROE (15.34%) is above the historical average (8.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 48.12% | 5.85% | 1.55x | 5.32x | CN¥16.69 Million |
| 1994 | 20.23% | 6.59% | 0.80x | 3.82x | CN¥9.28 Million |
| 1995 | 16.85% | 6.33% | 0.80x | 3.32x | CN¥8.08 Million |
| 1996 | 10.63% | 9.78% | 0.49x | 2.20x | CN¥1.92 Million |
| 1997 | 7.37% | 10.15% | 0.42x | 1.73x | CN¥-11.92 Million |
| 1998 | 0.34% | 0.48% | 0.40x | 1.78x | CN¥-44.24 Million |
| 1999 | 1.38% | 1.60% | 0.50x | 1.74x | CN¥-38.82 Million |
| 2000 | 2.15% | 2.45% | 0.51x | 1.71x | CN¥-36.13 Million |
| 2001 | 1.51% | 1.30% | 0.61x | 1.89x | CN¥-38.55 Million |
| 2002 | 10.84% | 5.19% | 1.06x | 1.97x | CN¥4.04 Million |
| 2003 | 26.21% | 11.37% | 1.11x | 2.08x | CN¥105.67 Million |
| 2004 | 4.63% | 2.02% | 1.05x | 2.20x | CN¥-36.94 Million |
| 2005 | 0.86% | 0.42% | 0.87x | 2.37x | CN¥-62.28 Million |
| 2006 | 4.88% | 2.22% | 1.00x | 2.20x | CN¥-36.51 Million |
| 2007 | 8.83% | 5.10% | 0.97x | 1.79x | CN¥-12.51 Million |
| 2008 | 4.91% | 2.91% | 0.83x | 2.04x | CN¥-56.02 Million |
| 2009 | 5.97% | 4.75% | 0.65x | 1.94x | CN¥-47.13 Million |
| 2010 | 19.29% | 13.39% | 0.72x | 1.99x | CN¥134.77 Million |
| 2011 | 8.04% | 7.87% | 0.67x | 1.53x | CN¥-40.92 Million |
| 2012 | 0.46% | 0.70% | 0.44x | 1.48x | CN¥-199.14 Million |
| 2013 | -11.55% | -18.80% | 0.41x | 1.50x | CN¥-403.42 Million |
| 2014 | -10.66% | -15.47% | 0.45x | 1.54x | CN¥-349.29 Million |
| 2015 | -22.52% | -0.63% | 21.83x | 1.63x | CN¥-378.12 Million |
| 2016 | 5.56% | 0.41% | 1.36x | 9.96x | CN¥-164.91 Million |
| 2017 | 8.97% | 0.48% | 1.79x | 10.35x | CN¥-41.09 Million |
| 2018 | 10.30% | 0.56% | 1.92x | 9.66x | CN¥13.19 Million |
| 2019 | 9.36% | 0.53% | 2.11x | 8.41x | CN¥-30.74 Million |
| 2020 | 10.46% | 0.55% | 2.20x | 8.57x | CN¥24.23 Million |
| 2021 | 13.55% | 0.45% | 3.09x | 9.64x | CN¥201.01 Million |
| 2022 | 14.59% | 0.65% | 2.66x | 8.47x | CN¥287.15 Million |
| 2023 | 14.93% | 0.84% | 2.35x | 7.60x | CN¥339.70 Million |
| 2024 | 15.34% | 0.98% | 2.13x | 7.34x | CN¥399.92 Million |
Industry Comparison
This section compares Sumec Corp Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sumec Corp Ltd (600710) | CN¥15.71 Billion | 48.12% | 2.83x | $921.15 Million |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |