Asia Cuanon Tech (Shanghai)
Asia Cuanon Technology (Shanghai) Co.,Ltd. manufactures and sells functional architectural coatings, decorated insulation panels, thermal insulation materials, and floor coatings. It offers natural stone coating, stucco coating, paint, interior wall latex paint, fillers, insulation layers, thermosetting polystyrene panels, shimo expanded polystyrene panels(SEPS), rockwool(panel/belt), polystyrene… Read more
Asia Cuanon Tech (Shanghai) (603378) - Net Assets
Latest net assets as of September 2025: CN¥1.00 Billion CNY
Based on the latest financial reports, Asia Cuanon Tech (Shanghai) (603378) has net assets worth CN¥1.00 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¥5.38 Billion) and total liabilities (CN¥4.38 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¥1.00 Billion |
| % of Total Assets | 18.65% |
| Annual Growth Rate | 25.39% |
| 5-Year Change | -36.04% |
| 10-Year Change | 177.8% |
| Growth Volatility | 60.21 |
Asia Cuanon Tech (Shanghai) - Net Assets Trend (2012–2024)
This chart illustrates how Asia Cuanon Tech (Shanghai)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia Cuanon Tech (Shanghai) (2012–2024)
The table below shows the annual net assets of Asia Cuanon Tech (Shanghai) from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.31 Billion | -24.72% |
| 2023-12-31 | CN¥1.74 Billion | +0.80% |
| 2022-12-31 | CN¥1.73 Billion | +6.51% |
| 2021-12-31 | CN¥1.62 Billion | -20.87% |
| 2020-12-31 | CN¥2.05 Billion | +49.88% |
| 2019-12-31 | CN¥1.37 Billion | +4.10% |
| 2018-12-31 | CN¥1.31 Billion | +1.84% |
| 2017-12-31 | CN¥1.29 Billion | +117.01% |
| 2016-12-31 | CN¥593.76 Million | +25.97% |
| 2015-12-31 | CN¥471.36 Million | +32.84% |
| 2014-12-31 | CN¥354.82 Million | +38.53% |
| 2013-12-31 | CN¥256.14 Million | +195.44% |
| 2012-12-31 | CN¥86.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Cuanon Tech (Shanghai)'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 193.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥29.69 Million | 2.27% |
| Common Stock | CN¥428.60 Million | 32.73% |
| Other Components | CN¥851.16 Million | 65.00% |
| Total Equity | CN¥1.31 Billion | 100.00% |
Asia Cuanon Tech (Shanghai) Competitors by Market Cap
The table below lists competitors of Asia Cuanon Tech (Shanghai) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jmicron Technology
TWO:4925
|
$144.51 Million |
|
Genfit SA
PINK:GNFTF
|
$144.56 Million |
|
United States Cellular Corporation
NYSE:USM
|
$144.59 Million |
|
Sylvania Platinum Limited
OTCGREY:SAPLF
|
$144.66 Million |
|
Fundamental Global Inc.
NASDAQ:FGNXP
|
$144.39 Million |
|
DR Corporation Limited
SHE:301177
|
$144.38 Million |
|
Foghorn Therapeutics Inc
NASDAQ:FHTX
|
$144.38 Million |
|
Old Point Financial Corporation
NASDAQ:OPOF
|
$144.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Cuanon Tech (Shanghai)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,739,340,130 to 1,309,446,325, a change of -429,893,805 (-24.7%).
- Net loss of 329,284,992 reduced equity.
- Dividend payments of 98,584,629 reduced retained earnings.
- Share repurchases of 50,029,817 reduced equity.
- Other factors increased equity by 48,005,633.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-329.28 Million | -25.15% |
| Dividends Paid | CN¥98.58 Million | -7.53% |
| Share Repurchases | CN¥50.03 Million | -3.82% |
| Other Changes | CN¥48.01 Million | +3.67% |
| Total Change | CN¥- | -24.72% |
Book Value vs Market Value Analysis
This analysis compares Asia Cuanon Tech (Shanghai)'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: 2.03x
- 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 20.50x to 2.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.30 | CN¥6.23 | x |
| 2013-12-31 | CN¥0.91 | CN¥6.23 | x |
| 2014-12-31 | CN¥1.16 | CN¥6.23 | x |
| 2015-12-31 | CN¥1.54 | CN¥6.23 | x |
| 2016-12-31 | CN¥1.94 | CN¥6.23 | x |
| 2017-12-31 | CN¥3.88 | CN¥6.23 | x |
| 2018-12-31 | CN¥3.19 | CN¥6.23 | x |
| 2019-12-31 | CN¥3.36 | CN¥6.23 | x |
| 2020-12-31 | CN¥4.78 | CN¥6.23 | x |
| 2021-12-31 | CN¥3.78 | CN¥6.23 | x |
| 2022-12-31 | CN¥3.92 | CN¥6.23 | x |
| 2023-12-31 | CN¥4.05 | CN¥6.23 | x |
| 2024-12-31 | CN¥3.06 | CN¥6.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Cuanon Tech (Shanghai) 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): -25.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.04%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 4.84x
- Recent ROE (-25.15%) is below the historical average (12.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 76.69% | 15.75% | 1.21x | 4.03x | CN¥57.82 Million |
| 2013 | 20.40% | 9.16% | 1.09x | 2.04x | CN¥26.63 Million |
| 2014 | 27.81% | 13.94% | 1.24x | 1.61x | CN¥63.20 Million |
| 2015 | 24.72% | 13.05% | 0.96x | 1.98x | CN¥69.40 Million |
| 2016 | 20.61% | 11.41% | 0.85x | 2.13x | CN¥63.02 Million |
| 2017 | 8.83% | 8.39% | 0.66x | 1.60x | CN¥-15.11 Million |
| 2018 | 4.48% | 3.53% | 0.65x | 1.94x | CN¥-72.48 Million |
| 2019 | 8.36% | 4.71% | 0.76x | 2.33x | CN¥-22.42 Million |
| 2020 | 15.86% | 9.26% | 0.68x | 2.54x | CN¥119.97 Million |
| 2021 | -33.58% | -11.54% | 0.66x | 4.43x | CN¥-706.00 Million |
| 2022 | 6.13% | 3.40% | 0.47x | 3.82x | CN¥-66.83 Million |
| 2023 | 3.46% | 1.93% | 0.49x | 3.68x | CN¥-113.76 Million |
| 2024 | -25.15% | -16.04% | 0.32x | 4.84x | CN¥-460.23 Million |
Industry Comparison
This section compares Asia Cuanon Tech (Shanghai)'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Cuanon Tech (Shanghai) (603378) | CN¥1.00 Billion | 76.69% | 4.36x | $144.49 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |