Solareast Holdings Co Ltd (603366) - Net Assets
Based on the latest financial reports, Solareast Holdings Co Ltd (603366) has net assets worth CN¥4.18 Billion CNY (≈ $612.03 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¥7.51 Billion ≈ $1.10 Billion USD) and total liabilities (CN¥3.33 Billion ≈ $486.63 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 603366 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.18 Billion |
| % of Total Assets | 55.71% |
| Annual Growth Rate | 17.29% |
| 5-Year Change | 23.54% |
| 10-Year Change | 14.1% |
| Growth Volatility | 55.74 |
Solareast Holdings Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Solareast Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603366 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Solareast Holdings Co Ltd (2009–2024)
The table below shows the annual net assets of Solareast Holdings Co Ltd from 2009 to 2024. For live valuation and market cap data, see Solareast Holdings Co Ltd (603366) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.21 Billion ≈ $615.35 Million |
+4.08% |
| 2023-12-31 | CN¥4.04 Billion ≈ $591.23 Million |
+5.43% |
| 2022-12-31 | CN¥3.83 Billion ≈ $560.79 Million |
+4.05% |
| 2021-12-31 | CN¥3.68 Billion ≈ $538.99 Million |
+8.21% |
| 2020-12-31 | CN¥3.40 Billion ≈ $498.11 Million |
+5.01% |
| 2019-12-31 | CN¥3.24 Billion ≈ $474.33 Million |
+3.25% |
| 2018-12-31 | CN¥3.14 Billion ≈ $459.42 Million |
-17.12% |
| 2017-12-31 | CN¥3.79 Billion ≈ $554.32 Million |
+0.13% |
| 2016-12-31 | CN¥3.78 Billion ≈ $553.59 Million |
+2.65% |
| 2015-12-31 | CN¥3.69 Billion ≈ $539.29 Million |
+4.61% |
| 2014-12-31 | CN¥3.52 Billion ≈ $515.55 Million |
+0.07% |
| 2013-12-31 | CN¥3.52 Billion ≈ $515.18 Million |
+0.68% |
| 2012-12-31 | CN¥3.50 Billion ≈ $511.69 Million |
+195.74% |
| 2011-12-31 | CN¥1.18 Billion ≈ $173.02 Million |
+35.52% |
| 2010-12-31 | CN¥872.52 Million ≈ $127.68 Million |
+126.99% |
| 2009-12-31 | CN¥384.38 Million ≈ $56.25 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Solareast Holdings 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 336.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.12 Billion | 26.84% |
| Common Stock | CN¥813.28 Million | 19.54% |
| Other Comprehensive Income | CN¥411.44 Million | 9.89% |
| Other Components | CN¥1.82 Billion | 43.73% |
| Total Equity | CN¥4.16 Billion | 100.00% |
Solareast Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of Solareast Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Shibei Hi-Tech Co Ltd A
SHG:600604
|
$994.76 Million |
|
Hunan Changgao High Voltage Switchgear Group Co Ltd
SHE:002452
|
$994.88 Million |
|
Univest Corporation Pennsylvania
NASDAQ:UVSP
|
$994.94 Million |
|
PM Capital Global Opportunities Fund Ltd
AU:PGF
|
$994.96 Million |
|
Verve Therapeutics Inc
NASDAQ:VERV
|
$994.04 Million |
|
Cleanaway Co Ltd
TW:8422
|
$993.87 Million |
|
Bank Sinarmas Tbk
JK:BSIM
|
$993.55 Million |
|
Soulbrain Holdings Co. Ltd
KQ:036830
|
$993.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solareast Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,985,644,297 to 4,161,299,245, a change of 175,654,948 (4.4%).
- Net income of 212,356,795 contributed positively to equity growth.
- Dividend payments of 72,851,828 reduced retained earnings.
- Share repurchases of 1,580,817 reduced equity.
- Other comprehensive income increased equity by 465,321,401.
- Other factors decreased equity by 427,590,603.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥212.36 Million | +5.1% |
| Dividends Paid | CN¥72.85 Million | -1.75% |
| Share Repurchases | CN¥1.58 Million | -0.04% |
| Other Comprehensive Income | CN¥465.32 Million | +11.18% |
| Other Changes | CN¥-427.59 Million | -10.28% |
| Total Change | CN¥- | 4.41% |
Book Value vs Market Value Analysis
This analysis compares Solareast Holdings 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: 1.63x
- 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 13.13x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.64 | CN¥8.36 | x |
| 2010-12-31 | CN¥1.45 | CN¥8.36 | x |
| 2011-12-31 | CN¥1.97 | CN¥8.36 | x |
| 2012-12-31 | CN¥4.88 | CN¥8.36 | x |
| 2013-12-31 | CN¥4.40 | CN¥8.36 | x |
| 2014-12-31 | CN¥4.43 | CN¥8.36 | x |
| 2015-12-31 | CN¥4.61 | CN¥8.36 | x |
| 2016-12-31 | CN¥4.73 | CN¥8.36 | x |
| 2017-12-31 | CN¥4.62 | CN¥8.36 | x |
| 2018-12-31 | CN¥3.82 | CN¥8.36 | x |
| 2019-12-31 | CN¥3.99 | CN¥8.36 | x |
| 2020-12-31 | CN¥4.18 | CN¥8.36 | x |
| 2021-12-31 | CN¥4.50 | CN¥8.36 | x |
| 2022-12-31 | CN¥4.70 | CN¥8.36 | x |
| 2023-12-31 | CN¥4.67 | CN¥8.36 | x |
| 2024-12-31 | CN¥5.13 | CN¥8.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solareast Holdings 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.18%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.76x
- Recent ROE (5.10%) is below the historical average (9.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 44.76% | 11.15% | 1.32x | 3.05x | CN¥133.24 Million |
| 2010 | 14.46% | 5.05% | 1.42x | 2.01x | CN¥38.92 Million |
| 2011 | 31.28% | 11.95% | 1.54x | 1.70x | CN¥251.59 Million |
| 2012 | 12.20% | 12.68% | 0.74x | 1.31x | CN¥77.04 Million |
| 2013 | 8.75% | 9.97% | 0.67x | 1.30x | CN¥-44.18 Million |
| 2014 | 6.09% | 7.03% | 0.68x | 1.28x | CN¥-137.74 Million |
| 2015 | 7.31% | 10.38% | 0.54x | 1.30x | CN¥-99.13 Million |
| 2016 | 6.45% | 10.37% | 0.45x | 1.38x | CN¥-134.32 Million |
| 2017 | 1.48% | 1.97% | 0.44x | 1.71x | CN¥-314.43 Million |
| 2018 | -16.07% | -15.48% | 0.55x | 1.90x | CN¥-797.62 Million |
| 2019 | 2.59% | 2.45% | 0.54x | 1.97x | CN¥-236.40 Million |
| 2020 | 5.09% | 4.80% | 0.57x | 1.86x | CN¥-164.32 Million |
| 2021 | 5.91% | 5.05% | 0.67x | 1.74x | CN¥-147.18 Million |
| 2022 | 6.89% | 6.65% | 0.60x | 1.73x | CN¥-116.95 Million |
| 2023 | 5.23% | 4.31% | 0.68x | 1.77x | CN¥-189.94 Million |
| 2024 | 5.10% | 4.18% | 0.69x | 1.76x | CN¥-203.77 Million |
Industry Comparison
This section compares Solareast Holdings Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,176,731,972
- Average return on equity (ROE) among peers: -122.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solareast Holdings Co Ltd (603366) | CN¥4.18 Billion | 44.76% | 0.80x | $994.63 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $4.20 Billion | 0.55% | 0.58x | $1.13 Billion |
| JA Solar Technology Co Ltd (002459) | $1.30 Billion | 0.58% | 0.71x | $5.26 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.44 Billion | 1.25% | 2.61x | $3.62 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.22 Billion | 3.56% | 0.90x | $617.25 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $1.60 Billion | -11.14% | 2.75x | $2.70 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $5.57 Billion | -2.89% | 0.85x | $1.23 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $28.82 Million | -1255.23% | 99.99x | $697.90 Million |
| Risen Energy (300118) | $254.41 Million | 27.58% | 1.06x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $1.26 Billion | 1.17% | 0.88x | $956.81 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $883.17 Million | 12.19% | 0.81x | $1.61 Billion |
About Solareast Holdings Co Ltd
Solareast Holdings Co., Ltd. engages in the research and development, production, and sales of water heaters, kitchen appliances, clean energy heating, water purification, and other businesses in China and internationally. The company's water heater products comprise solar water heaters, air energy water heaters, electric water heaters, solar heating, air energy heating, gas heaters, etc.; kitche… Read more