Sun Create Electronics Co., Ltd
Sun Create Electronics Co., Ltd engages in the research and development, design, manufacture, and marketing of radar and security systems. The company offers weather, air traffic control, and low-altitude warning radars, as well as related radar supporting parts; public safety products, such as safe city, emergency command communication, and intelligent transportation; electronic products; power … Read more
Sun Create Electronics Co., Ltd (600990) - Net Assets
Latest net assets as of September 2025: CN¥1.83 Billion CNY
Based on the latest financial reports, Sun Create Electronics Co., Ltd (600990) has net assets worth CN¥1.83 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¥5.93 Billion) and total liabilities (CN¥4.10 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¥1.83 Billion |
| % of Total Assets | 30.89% |
| Annual Growth Rate | 15.5% |
| 5-Year Change | -25.92% |
| 10-Year Change | 85.11% |
| Growth Volatility | 45.24 |
Sun Create Electronics Co., Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Sun Create Electronics 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 Sun Create Electronics Co., Ltd (2001–2024)
The table below shows the annual net assets of Sun Create Electronics Co., Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.92 Billion | -12.38% |
| 2023-12-31 | CN¥2.19 Billion | -20.38% |
| 2022-12-31 | CN¥2.76 Billion | +0.97% |
| 2021-12-31 | CN¥2.73 Billion | +5.17% |
| 2020-12-31 | CN¥2.59 Billion | +3.88% |
| 2019-12-31 | CN¥2.50 Billion | +3.58% |
| 2018-12-31 | CN¥2.41 Billion | +11.08% |
| 2017-12-31 | CN¥2.17 Billion | +87.56% |
| 2016-12-31 | CN¥1.16 Billion | +11.46% |
| 2015-12-31 | CN¥1.04 Billion | +11.97% |
| 2014-12-31 | CN¥927.33 Million | +8.98% |
| 2013-12-31 | CN¥850.91 Million | +77.53% |
| 2012-12-31 | CN¥479.31 Million | +8.33% |
| 2011-12-31 | CN¥442.44 Million | +12.31% |
| 2010-12-31 | CN¥393.96 Million | +9.29% |
| 2009-12-31 | CN¥360.47 Million | +4.23% |
| 2008-12-31 | CN¥345.84 Million | +4.76% |
| 2007-12-31 | CN¥330.13 Million | +5.77% |
| 2006-12-31 | CN¥312.12 Million | +2.90% |
| 2005-12-31 | CN¥303.33 Million | +4.27% |
| 2004-12-31 | CN¥290.91 Million | +203.04% |
| 2003-12-31 | CN¥96.00 Million | +13.47% |
| 2002-12-31 | CN¥84.60 Million | +20.95% |
| 2001-12-31 | CN¥69.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Create Electronics 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 5393.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥541.10 Million | 28.59% |
| Common Stock | CN¥273.29 Million | 14.44% |
| Other Components | CN¥1.08 Billion | 56.97% |
| Total Equity | CN¥1.89 Billion | 100.00% |
Sun Create Electronics Co., Ltd Competitors by Market Cap
The table below lists competitors of Sun Create Electronics Co., Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Black Cat Carbon Black
SHE:002068
|
$494.03 Million |
|
Nuh Cimento Sanayi AS
IS:NUHCM
|
$494.25 Million |
|
Idaho Strategic Resources Inc
NYSE MKT:IDR
|
$494.30 Million |
|
Dalian Insulator Group Co Ltd
SHE:002606
|
$494.38 Million |
|
Shenyu Communication Technology Inc
SHE:300563
|
$493.98 Million |
|
SunCoke Energy Inc
NYSE:SXC
|
$493.97 Million |
|
PT Ace Hardware Indonesia Tbk
PINK:PHDWY
|
$493.92 Million |
|
Benakat Petroleum Energy
JK:BIPI
|
$493.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Create Electronics Co., Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,162,164,619 to 1,892,443,926, a change of -269,720,693 (-12.5%).
- Net loss of 245,882,633 reduced equity.
- Dividend payments of 61,902,748 reduced retained earnings.
- Share repurchases of 33,809,527 reduced equity.
- Other factors increased equity by 71,874,215.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-245.88 Million | -12.99% |
| Dividends Paid | CN¥61.90 Million | -3.27% |
| Share Repurchases | CN¥33.81 Million | -1.79% |
| Other Changes | CN¥71.87 Million | +3.8% |
| Total Change | CN¥- | -12.47% |
Book Value vs Market Value Analysis
This analysis compares Sun Create Electronics 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: 2.73x
- 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 42.03x to 2.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.59 | CN¥25.00 | x |
| 2002-12-31 | CN¥0.72 | CN¥25.00 | x |
| 2003-12-31 | CN¥0.82 | CN¥25.00 | x |
| 2004-12-31 | CN¥2.47 | CN¥25.00 | x |
| 2005-12-31 | CN¥2.58 | CN¥25.00 | x |
| 2006-12-31 | CN¥1.57 | CN¥25.00 | x |
| 2007-12-31 | CN¥1.65 | CN¥25.00 | x |
| 2008-12-31 | CN¥1.73 | CN¥25.00 | x |
| 2009-12-31 | CN¥1.75 | CN¥25.00 | x |
| 2010-12-31 | CN¥1.95 | CN¥25.00 | x |
| 2011-12-31 | CN¥2.19 | CN¥25.00 | x |
| 2012-12-31 | CN¥2.38 | CN¥25.00 | x |
| 2013-12-31 | CN¥3.87 | CN¥25.00 | x |
| 2014-12-31 | CN¥3.97 | CN¥25.00 | x |
| 2015-12-31 | CN¥4.42 | CN¥25.00 | x |
| 2016-12-31 | CN¥4.37 | CN¥25.00 | x |
| 2017-12-31 | CN¥8.10 | CN¥25.00 | x |
| 2018-12-31 | CN¥8.90 | CN¥25.00 | x |
| 2019-12-31 | CN¥9.20 | CN¥25.00 | x |
| 2020-12-31 | CN¥9.55 | CN¥25.00 | x |
| 2021-12-31 | CN¥10.04 | CN¥25.00 | x |
| 2022-12-31 | CN¥10.08 | CN¥25.00 | x |
| 2023-12-31 | CN¥8.04 | CN¥25.00 | x |
| 2024-12-31 | CN¥9.15 | CN¥25.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Create Electronics 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): -12.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.34%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 3.20x
- Recent ROE (-12.99%) is below the historical average (7.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 17.43% | 19.56% | 0.51x | 1.75x | CN¥5.20 Million |
| 2002 | 19.05% | 15.32% | 0.68x | 1.82x | CN¥7.65 Million |
| 2003 | 19.95% | 10.45% | 0.97x | 1.97x | CN¥9.56 Million |
| 2004 | 6.08% | 8.65% | 0.49x | 1.45x | CN¥-11.40 Million |
| 2005 | 6.03% | 9.96% | 0.42x | 1.44x | CN¥-12.04 Million |
| 2006 | 6.33% | 7.05% | 0.60x | 1.51x | CN¥-11.46 Million |
| 2007 | 5.96% | 8.92% | 0.44x | 1.52x | CN¥-13.28 Million |
| 2008 | 6.28% | 7.13% | 0.59x | 1.49x | CN¥-12.81 Million |
| 2009 | 8.97% | 5.39% | 0.78x | 2.14x | CN¥-3.58 Million |
| 2010 | 11.44% | 6.44% | 0.68x | 2.60x | CN¥5.58 Million |
| 2011 | 11.04% | 4.80% | 0.81x | 2.85x | CN¥4.51 Million |
| 2012 | 10.21% | 4.82% | 0.77x | 2.73x | CN¥1.02 Million |
| 2013 | 6.08% | 4.58% | 0.54x | 2.48x | CN¥-32.98 Million |
| 2014 | 8.75% | 4.76% | 0.64x | 2.88x | CN¥-11.48 Million |
| 2015 | 11.25% | 4.62% | 0.78x | 3.12x | CN¥12.81 Million |
| 2016 | 18.97% | 5.43% | 1.09x | 3.21x | CN¥102.36 Million |
| 2017 | 9.36% | 3.98% | 0.78x | 3.00x | CN¥-13.85 Million |
| 2018 | 10.77% | 4.90% | 0.70x | 3.12x | CN¥18.32 Million |
| 2019 | 4.49% | 3.03% | 0.51x | 2.88x | CN¥-136.31 Million |
| 2020 | 6.63% | 4.32% | 0.50x | 3.08x | CN¥-86.63 Million |
| 2021 | 6.81% | 5.85% | 0.41x | 2.85x | CN¥-86.15 Million |
| 2022 | 2.42% | 2.43% | 0.37x | 2.73x | CN¥-206.51 Million |
| 2023 | -25.59% | -28.72% | 0.29x | 3.04x | CN¥-769.45 Million |
| 2024 | -12.99% | -15.34% | 0.26x | 3.20x | CN¥-435.13 Million |
Industry Comparison
This section compares Sun Create Electronics Co., Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,522,000,668
- Average return on equity (ROE) among peers: -3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Create Electronics Co., Ltd (600990) | CN¥1.83 Billion | 17.43% | 2.24x | $493.99 Million |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |
| Bus Online Co Ltd (002188) | $2.09 Billion | 4.47% | 0.13x | $193.28 Million |