Suzhou Secote Precision Electronic Co Ltd Class A (603283) - Net Assets
Based on the latest financial reports, Suzhou Secote Precision Electronic Co Ltd Class A (603283) has net assets worth CN¥3.41 Billion CNY (≈ $498.88 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¥5.88 Billion ≈ $860.53 Million USD) and total liabilities (CN¥2.47 Billion ≈ $361.64 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 Suzhou Secote Precision Electronic Co Lt liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.41 Billion |
| % of Total Assets | 57.97% |
| Annual Growth Rate | 47.77% |
| 5-Year Change | 152.19% |
| 10-Year Change | 1169.12% |
| Growth Volatility | 66.93 |
Suzhou Secote Precision Electronic Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Suzhou Secote Precision Electronic Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 603283 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Suzhou Secote Precision Electronic Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Suzhou Secote Precision Electronic Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see 603283 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.20 Billion ≈ $468.86 Million |
+42.86% |
| 2023-12-31 | CN¥2.24 Billion ≈ $328.20 Million |
+28.40% |
| 2022-12-31 | CN¥1.75 Billion ≈ $255.62 Million |
+22.70% |
| 2021-12-31 | CN¥1.42 Billion ≈ $208.33 Million |
+12.06% |
| 2020-12-31 | CN¥1.27 Billion ≈ $185.91 Million |
+23.24% |
| 2019-12-31 | CN¥1.03 Billion ≈ $150.85 Million |
+37.14% |
| 2018-12-31 | CN¥751.69 Million ≈ $110.00 Million |
+18.65% |
| 2017-12-31 | CN¥633.51 Million ≈ $92.70 Million |
+97.12% |
| 2016-12-31 | CN¥321.39 Million ≈ $47.03 Million |
+27.30% |
| 2015-12-31 | CN¥252.47 Million ≈ $36.94 Million |
+62.44% |
| 2014-12-31 | CN¥155.42 Million ≈ $22.74 Million |
+255.83% |
| 2013-12-31 | CN¥43.68 Million ≈ $6.39 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Suzhou Secote Precision Electronic Co Ltd Class A'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 6424.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.80 Billion | 57.70% |
| Common Stock | CN¥200.32 Million | 6.42% |
| Other Comprehensive Income | CN¥-28.76 Million | -0.92% |
| Other Components | CN¥1.15 Billion | 36.80% |
| Total Equity | CN¥3.12 Billion | 100.00% |
Suzhou Secote Precision Electronic Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Suzhou Secote Precision Electronic Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Veichi Electric Co. Ltd. A
SHG:688698
|
$2.14 Billion |
|
Shenyang Jinshan Energy Co Ltd
SHG:600396
|
$2.14 Billion |
|
NagaCorp Ltd
F:N9J
|
$2.14 Billion |
|
KWS SAAT SE & Co. KGaA
F:KWS
|
$2.14 Billion |
|
Skyworth Digital Co Ltd
SHE:000810
|
$2.14 Billion |
|
Definium Therapeutics, Inc.
NASDAQ:DFTX
|
$2.14 Billion |
|
Jiangsu Eazytec Co Ltd
SHG:688258
|
$2.13 Billion |
|
Beacon Financial Corporation
NYSE:BBT
|
$2.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Secote Precision Electronic Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,177,965,164 to 3,119,677,085, a change of 941,711,921 (43.2%).
- Net income of 554,278,833 contributed positively to equity growth.
- Dividend payments of 17,405,564 reduced retained earnings.
- Share repurchases of 60,387,157 reduced equity.
- Other comprehensive income decreased equity by 9,675,050.
- Other factors increased equity by 474,900,859.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥554.28 Million | +17.77% |
| Dividends Paid | CN¥17.41 Million | -0.56% |
| Share Repurchases | CN¥60.39 Million | -1.94% |
| Other Comprehensive Income | CN¥-9.68 Million | -0.31% |
| Other Changes | CN¥474.90 Million | +15.22% |
| Total Change | CN¥- | 43.24% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Secote Precision Electronic Co Ltd Class A'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: 3.50x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 136.87x to 3.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.39 | CN¥53.83 | x |
| 2014-12-31 | CN¥1.39 | CN¥53.83 | x |
| 2015-12-31 | CN¥2.11 | CN¥53.83 | x |
| 2016-12-31 | CN¥2.68 | CN¥53.83 | x |
| 2017-12-31 | CN¥5.30 | CN¥53.83 | x |
| 2018-12-31 | CN¥4.61 | CN¥53.83 | x |
| 2019-12-31 | CN¥6.12 | CN¥53.83 | x |
| 2020-12-31 | CN¥7.00 | CN¥53.83 | x |
| 2021-12-31 | CN¥7.56 | CN¥53.83 | x |
| 2022-12-31 | CN¥9.24 | CN¥53.83 | x |
| 2023-12-31 | CN¥11.10 | CN¥53.83 | x |
| 2024-12-31 | CN¥15.37 | CN¥53.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Secote Precision Electronic Co Ltd Class A 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): 17.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.68%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.91x
- Recent ROE (17.77%) is below the historical average (28.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 53.40% | 20.96% | 1.02x | 2.51x | CN¥18.95 Million |
| 2014 | 85.49% | 34.90% | 1.11x | 2.20x | CN¥117.33 Million |
| 2015 | 50.32% | 25.98% | 1.51x | 1.28x | CN¥101.80 Million |
| 2016 | 14.95% | 11.92% | 0.87x | 1.44x | CN¥15.91 Million |
| 2017 | 15.10% | 14.00% | 0.68x | 1.60x | CN¥32.32 Million |
| 2018 | 16.28% | 13.38% | 0.66x | 1.85x | CN¥46.68 Million |
| 2019 | 12.10% | 10.15% | 0.58x | 2.07x | CN¥21.24 Million |
| 2020 | 14.29% | 8.62% | 0.61x | 2.72x | CN¥52.50 Million |
| 2021 | 13.10% | 7.74% | 0.62x | 2.73x | CN¥42.44 Million |
| 2022 | 18.29% | 10.48% | 0.61x | 2.88x | CN¥139.12 Million |
| 2023 | 31.53% | 15.45% | 0.96x | 2.12x | CN¥469.01 Million |
| 2024 | 17.77% | 13.68% | 0.68x | 1.91x | CN¥242.31 Million |
Industry Comparison
This section compares Suzhou Secote Precision Electronic Co Ltd Class A's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,122,638,577
- Average return on equity (ROE) among peers: 4.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Secote Precision Electronic Co Ltd Class A (603283) | CN¥3.41 Billion | 53.40% | 0.72x | $2.14 Billion |
| Huayi Compressor Co Ltd (000404) | $5.19 Billion | 6.97% | 1.68x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $709.50 Million | 6.14% | 1.68x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $7.53 Billion | 1.67% | 0.29x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $2.71 Billion | 4.79% | 0.50x | $520.37 Million |
| Changchai Co Ltd (000570) | $1.86 Billion | 2.98% | 0.67x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $315.25 Million | 5.68% | 1.39x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $436.15 Million | 1.59% | 1.56x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $969.93 Million | 5.96% | 0.61x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.11 Billion | 3.64% | 0.40x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $393.52 Million | 9.87% | 0.54x | $1.66 Billion |
About Suzhou Secote Precision Electronic Co Ltd Class A
Suzhou Secote Precision Electronic Co.,LTD provides automation solutions in the People's Republic of China. It offers automation equipment and fixtures. The company also provides solutions and services for intelligent manufacturing. In addition, it is involved in the research and development, production, and sale of laser equipment, electronic instruments, and electronic equipment; production, pr… Read more