Sichuan Furong Technology Co Ltd (603327) - Net Assets
Based on the latest financial reports, Sichuan Furong Technology Co Ltd (603327) has net assets worth CN¥2.03 Billion CNY (≈ $297.40 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¥3.56 Billion ≈ $520.95 Million USD) and total liabilities (CN¥1.53 Billion ≈ $223.55 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 Sichuan Furong Technology Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 57.09% |
| Annual Growth Rate | 28.08% |
| 5-Year Change | 43.15% |
| 10-Year Change | 481.97% |
| Growth Volatility | 32.87 |
Sichuan Furong Technology Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Sichuan Furong Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sichuan Furong Technology Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Sichuan Furong Technology Co Ltd (2014–2024)
The table below shows the annual net assets of Sichuan Furong Technology Co Ltd from 2014 to 2024. For live valuation and market cap data, see Sichuan Furong Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.14 Billion ≈ $313.00 Million |
+7.28% |
| 2023-12-31 | CN¥1.99 Billion ≈ $291.77 Million |
+6.44% |
| 2022-12-31 | CN¥1.87 Billion ≈ $274.13 Million |
+13.71% |
| 2021-12-31 | CN¥1.65 Billion ≈ $241.07 Million |
+10.25% |
| 2020-12-31 | CN¥1.49 Billion ≈ $218.65 Million |
+17.45% |
| 2019-12-31 | CN¥1.27 Billion ≈ $186.16 Million |
+85.93% |
| 2018-12-31 | CN¥684.24 Million ≈ $100.13 Million |
+24.39% |
| 2017-12-31 | CN¥550.06 Million ≈ $80.49 Million |
+31.88% |
| 2016-12-31 | CN¥417.09 Million ≈ $61.03 Million |
+13.48% |
| 2015-12-31 | CN¥367.54 Million ≈ $53.78 Million |
+104.21% |
| 2014-12-31 | CN¥179.98 Million ≈ $26.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Furong 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 93466418700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥911.57 Million | 42.62% |
| Common Stock | CN¥768.08 Million | 35.91% |
| Other Comprehensive Income | CN¥256.86 Million | 12.01% |
| Other Components | CN¥202.49 Million | 9.47% |
| Total Equity | CN¥2.14 Billion | 100.00% |
Sichuan Furong Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Furong Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Partners LP
NYSE:GLP
|
$1.65 Billion |
|
JiangXi Tianxin Pharm Co Ltd
SHG:603235
|
$1.65 Billion |
|
PLUXEE NV
PA:PLX
|
$1.65 Billion |
|
Greif Bros Corporation
NYSE:GEF
|
$1.65 Billion |
|
Kraken Robotics Inc
V:PNG
|
$1.65 Billion |
|
Cofco Biochemical Anhui Co Ltd
SHE:000930
|
$1.65 Billion |
|
Visionox Technology Inc
SHE:002387
|
$1.65 Billion |
|
Mister Car Wash, Inc. Common Stock
NYSE:MCW
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Furong Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,993,902,489 to 2,138,992,151, a change of 145,089,662 (7.3%).
- Net income of 159,679,102 contributed positively to equity growth.
- Dividend payments of 212,037,012 reduced retained earnings.
- Share repurchases of 45,083,592 reduced equity.
- Other comprehensive income decreased equity by 3,179,360.
- Other factors increased equity by 245,710,524.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥159.68 Million | +7.47% |
| Dividends Paid | CN¥212.04 Million | -9.91% |
| Share Repurchases | CN¥45.08 Million | -2.11% |
| Other Comprehensive Income | CN¥-3.18 Million | -0.15% |
| Other Changes | CN¥245.71 Million | +11.49% |
| Total Change | CN¥- | 7.28% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Furong 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: 3.77x
- 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 19.93x to 3.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥0.54 | CN¥10.80 | x |
| 2015-12-31 | CN¥1.06 | CN¥10.80 | x |
| 2016-12-31 | CN¥0.71 | CN¥10.80 | x |
| 2017-12-31 | CN¥0.93 | CN¥10.80 | x |
| 2018-12-31 | CN¥1.16 | CN¥10.80 | x |
| 2019-12-31 | CN¥1.88 | CN¥10.80 | x |
| 2020-12-31 | CN¥2.20 | CN¥10.80 | x |
| 2021-12-31 | CN¥2.43 | CN¥10.80 | x |
| 2022-12-31 | CN¥2.76 | CN¥10.80 | x |
| 2023-12-31 | CN¥2.64 | CN¥10.80 | x |
| 2024-12-31 | CN¥2.86 | CN¥10.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Furong 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): 7.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.66%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.56x
- Recent ROE (7.47%) is below the historical average (15.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.28% | 1.04% | 0.78x | 4.03x | CN¥-12.10 Million |
| 2015 | 7.84% | 4.57% | 0.63x | 2.71x | CN¥-7.94 Million |
| 2016 | 11.09% | 5.92% | 0.74x | 2.54x | CN¥4.53 Million |
| 2017 | 24.70% | 12.75% | 0.94x | 2.06x | CN¥80.85 Million |
| 2018 | 23.28% | 16.19% | 0.87x | 1.66x | CN¥90.89 Million |
| 2019 | 20.68% | 20.24% | 0.81x | 1.26x | CN¥135.82 Million |
| 2020 | 21.26% | 19.20% | 0.95x | 1.16x | CN¥168.25 Million |
| 2021 | 17.80% | 15.19% | 1.07x | 1.09x | CN¥128.48 Million |
| 2022 | 20.89% | 17.36% | 0.93x | 1.30x | CN¥203.92 Million |
| 2023 | 13.96% | 14.59% | 0.58x | 1.66x | CN¥79.05 Million |
| 2024 | 7.47% | 6.66% | 0.72x | 1.56x | CN¥-54.22 Million |
Industry Comparison
This section compares Sichuan Furong Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Furong Technology Co Ltd (603327) | CN¥2.03 Billion | 3.28% | 0.75x | $1.65 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Sichuan Furong Technology Co Ltd
Sichuan Furong Technology Co., Ltd. engages in the research, development, production, and sale of aluminum structural parts for consumer electronics products. Its products are used as shells, back panels, middle frame components of consumer electronic products, such as tablets, laptops and smart phones, as well as the battery tray components of new energy vehicles. The company also engages in the… Read more