Zhejiang Xinneng Photovoltaic Technology Co Ltd
Zhejiang Sunoren Solar Technology Co.,Ltd. engages in the investment, development, construction, operation, of distributed photovoltaic power stations in China. The company operates distributed power and energy storage stations, smart electric vehicle charging stations, and energy cloud platform, as well as offers intelligent operation and maintenance services, module manufacturing services, and … Read more
Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) - Net Assets
Latest net assets as of September 2025: CN¥2.28 Billion CNY
Based on the latest financial reports, Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) has net assets worth CN¥2.28 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¥4.64 Billion) and total liabilities (CN¥2.37 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¥2.28 Billion |
| % of Total Assets | 49.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | 42.92% |
| 10-Year Change | 390.73% |
| Growth Volatility | 30.5 |
Zhejiang Xinneng Photovoltaic Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Xinneng Photovoltaic Technology 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 Zhejiang Xinneng Photovoltaic Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Zhejiang Xinneng Photovoltaic Technology Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.19 Billion | +5.73% |
| 2023-12-31 | CN¥2.07 Billion | +17.34% |
| 2022-12-31 | CN¥1.77 Billion | +9.73% |
| 2021-12-31 | CN¥1.61 Billion | +4.99% |
| 2020-12-31 | CN¥1.53 Billion | +5.57% |
| 2019-12-31 | CN¥1.45 Billion | -0.54% |
| 2018-12-31 | CN¥1.46 Billion | +43.21% |
| 2017-12-31 | CN¥1.02 Billion | +13.24% |
| 2016-12-31 | CN¥899.85 Million | +101.64% |
| 2015-12-31 | CN¥446.26 Million | +2069.02% |
| 2014-12-31 | CN¥-22.66 Million | +25.36% |
| 2013-12-31 | CN¥-30.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Xinneng Photovoltaic Technology 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 88820449951.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥742.30 Million | 33.90% |
| Common Stock | CN¥500.01 Million | 22.83% |
| Other Components | CN¥947.60 Million | 43.27% |
| Total Equity | CN¥2.19 Billion | 100.00% |
Zhejiang Xinneng Photovoltaic Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Xinneng Photovoltaic Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Huaya Intelligence Technology Co Ltd
SHE:003043
|
$405.16 Million |
|
ARROW FINL CORP. DL 1
F:BQE
|
$405.18 Million |
|
Healthcare Trust Inc PR
NASDAQ:HTIA
|
$405.24 Million |
|
Dr. Martens plc
PINK:DRMTY
|
$405.34 Million |
|
Gestamp Automoción S.A
PINK:GMPUF
|
$404.99 Million |
|
SuZhou ChunXing Precision Mechanical Co Ltd
SHE:002547
|
$404.87 Million |
|
YCC CORP
KQ:232140
|
$404.79 Million |
|
SP Group A/S
CO:SPG
|
$404.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Xinneng Photovoltaic Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,071,248,742 to 2,189,908,044, a change of 118,659,302 (5.7%).
- Net income of 193,587,895 contributed positively to equity growth.
- Dividend payments of 120,493,454 reduced retained earnings.
- Other factors increased equity by 45,564,861.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥193.59 Million | +8.84% |
| Dividends Paid | CN¥120.49 Million | -5.5% |
| Other Changes | CN¥45.56 Million | +2.08% |
| Total Change | CN¥- | 5.73% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Xinneng Photovoltaic Technology 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: 2.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥-0.38 | CN¥10.70 | x |
| 2014-12-31 | CN¥-0.28 | CN¥10.70 | x |
| 2015-12-31 | CN¥2.25 | CN¥10.70 | x |
| 2016-12-31 | CN¥2.32 | CN¥10.70 | x |
| 2017-12-31 | CN¥2.45 | CN¥10.70 | x |
| 2018-12-31 | CN¥3.31 | CN¥10.70 | x |
| 2019-12-31 | CN¥2.90 | CN¥10.70 | x |
| 2020-12-31 | CN¥3.06 | CN¥10.70 | x |
| 2021-12-31 | CN¥3.22 | CN¥10.70 | x |
| 2022-12-31 | CN¥3.53 | CN¥10.70 | x |
| 2023-12-31 | CN¥4.14 | CN¥10.70 | x |
| 2024-12-31 | CN¥4.41 | CN¥10.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Xinneng Photovoltaic Technology 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): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.10%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.96x
- Recent ROE (8.84%) is above the historical average (8.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | -13.17% | 0.64x | 0.00x | CN¥-46.48 Million |
| 2014 | 0.00% | 1.47% | 1.15x | 0.00x | CN¥15.30 Million |
| 2015 | 27.08% | 7.51% | 1.07x | 3.38x | CN¥75.92 Million |
| 2016 | 8.64% | 6.77% | 0.68x | 1.87x | CN¥-12.27 Million |
| 2017 | 11.42% | 12.43% | 0.43x | 2.15x | CN¥14.48 Million |
| 2018 | 4.53% | 17.22% | 0.15x | 1.76x | CN¥-79.76 Million |
| 2019 | 2.90% | 10.88% | 0.15x | 1.83x | CN¥-103.02 Million |
| 2020 | 5.28% | 18.95% | 0.15x | 1.83x | CN¥-72.34 Million |
| 2021 | 6.84% | 24.71% | 0.14x | 1.95x | CN¥-50.86 Million |
| 2022 | 10.85% | 29.46% | 0.19x | 1.99x | CN¥14.94 Million |
| 2023 | 10.63% | 32.08% | 0.16x | 2.10x | CN¥13.03 Million |
| 2024 | 8.84% | 28.10% | 0.16x | 1.96x | CN¥-25.40 Million |
Industry Comparison
This section compares Zhejiang Xinneng Photovoltaic Technology Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,629,795,698
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) | CN¥2.28 Billion | 0.00% | 1.04x | $405.00 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $670.55 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.78 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.29 Billion | 1.05% | 3.39x | $2.32 Billion |
| Changzhou Almaden Co Ltd (002623) | $40.18 Million | 14.90% | 1.71x | $313.43 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.32 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $512.56 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.05 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $258.47 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.13 Billion |