Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) - Net Assets

Latest as of September 2025: CN¥2.28 Billion CNY ≈ $333.06 Million USD

Based on the latest financial reports, Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) has net assets worth CN¥2.28 Billion CNY (≈ $333.06 Million USD) 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 ≈ $679.46 Million USD) and total liabilities (CN¥2.37 Billion ≈ $346.40 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 Zhejiang Xinneng Photovoltaic Technology's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore 603105 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Zhejiang Xinneng Photovoltaic Technology market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.19 Billion ≈ $320.45 Million	+5.73%
2023-12-31	CN¥2.07 Billion ≈ $303.09 Million	+17.34%
2022-12-31	CN¥1.77 Billion ≈ $258.31 Million	+9.73%
2021-12-31	CN¥1.61 Billion ≈ $235.40 Million	+4.99%
2020-12-31	CN¥1.53 Billion ≈ $224.22 Million	+5.57%
2019-12-31	CN¥1.45 Billion ≈ $212.38 Million	-0.54%
2018-12-31	CN¥1.46 Billion ≈ $213.54 Million	+43.21%
2017-12-31	CN¥1.02 Billion ≈ $149.11 Million	+13.24%
2016-12-31	CN¥899.85 Million ≈ $131.68 Million	+101.64%
2015-12-31	CN¥446.26 Million ≈ $65.30 Million	+2069.02%
2014-12-31	CN¥-22.66 Million ≈ $-3.32 Million	+25.36%
2013-12-31	CN¥-30.36 Million ≈ $-4.44 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
Wesure Global Tech Ltd TA:WESR	$723.24 Million
ZENTIVA S.A. RO:SCD	$723.41 Million
Kossan Rubber Industries Bhd KLSE:7153	$723.67 Million
Jinxiandai Information Industry Co SHE:300830	$723.68 Million
Zhejiang Hengwei Battery Co. Ltd. SHE:301222	$722.86 Million
Fuan Pharmaceutical Group Co SHE:300194	$722.48 Million
Shenzhen Rapoo Technology SHE:002577	$722.48 Million
Castle Biosciences Inc NASDAQ:CSTL	$722.42 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: 2.24x
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¥9.88	x
2014-12-31	CN¥-0.28	CN¥9.88	x
2015-12-31	CN¥2.25	CN¥9.88	x
2016-12-31	CN¥2.32	CN¥9.88	x
2017-12-31	CN¥2.45	CN¥9.88	x
2018-12-31	CN¥3.31	CN¥9.88	x
2019-12-31	CN¥2.90	CN¥9.88	x
2020-12-31	CN¥3.06	CN¥9.88	x
2021-12-31	CN¥3.22	CN¥9.88	x
2022-12-31	CN¥3.53	CN¥9.88	x
2023-12-31	CN¥4.14	CN¥9.88	x
2024-12-31	CN¥4.41	CN¥9.88	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: $5,492,353,865
Average return on equity (ROE) among peers: 1.04%

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	$722.89 Million
Shenzhen Topraysolar Co Ltd (002218)	$4.19 Billion	0.26%	0.63x	$1.17 Billion
JA Solar Technology Co Ltd (002459)	$28.53 Billion	-16.32%	2.96x	$5.28 Billion
GCL System Integration Technology Co Ltd (002506)	$3.03 Billion	-1.81%	1.38x	$3.76 Billion
Changzhou Almaden Co Ltd (002623)	$2.07 Billion	2.97%	0.11x	$623.36 Million
Hainan Drinda Automotive Trim Co Ltd (002865)	$376.87 Million	16.83%	0.83x	$2.75 Billion
Henan Yicheng New Energy Co Ltd (300080)	$1.91 Billion	1.43%	0.45x	$1.24 Billion
Gansu Golden Glass Technologies Co Ltd (300093)	$857.17 Million	1.36%	0.68x	$701.69 Million
Risen Energy (300118)	$8.40 Billion	2.77%	1.24x	$2.96 Billion
Lingda Group Co Ltd (300125)	$1.12 Billion	0.72%	0.76x	$931.48 Million
Jolywood Suzhou Sunwatt Co Ltd (300393)	$4.44 Billion	2.18%	1.19x	$1.78 Billion

About Zhejiang Xinneng Photovoltaic Technology Co Ltd

SHG:603105 China Solar

Market Cap

$722.89 Million

CN¥4.94 Billion CNY

Market Cap Rank

#10744 Global

#3157 in China

Share Price

CN¥9.88

Change (1 day)

+1.54%

52-Week Range

CN¥7.85 - CN¥13.89

All Time High

CN¥26.02