Asia Cuanon Tech (Shanghai) (603378) - Net Assets
Based on the latest financial reports, Asia Cuanon Tech (Shanghai) (603378) has net assets worth CN¥-162.26 Million CNY (≈ $-23.74 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.89 Billion ≈ $569.55 Million USD) and total liabilities (CN¥4.05 Billion ≈ $593.30 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 tangible equity quality of Asia Cuanon Tech (Shanghai) to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-162.26 Million |
| % of Total Assets | -4.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | -104.01% |
| 10-Year Change | -110.93% |
| Growth Volatility | 68.92 |
Asia Cuanon Tech (Shanghai) - Net Assets Trend (2012–2025)
This chart illustrates how Asia Cuanon Tech (Shanghai)'s net assets have evolved over time, based on quarterly financial data. See how many days can Asia Cuanon Tech (Shanghai) fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Asia Cuanon Tech (Shanghai) (2012–2025)
The table below shows the annual net assets of Asia Cuanon Tech (Shanghai) from 2012 to 2025. For live valuation and market cap data, see Asia Cuanon Tech (Shanghai) (603378) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-64.91 Million ≈ $-9.50 Million |
-104.96% |
| 2024-12-31 | CN¥1.31 Billion ≈ $191.61 Million |
-24.72% |
| 2023-12-31 | CN¥1.74 Billion ≈ $254.52 Million |
+0.80% |
| 2022-12-31 | CN¥1.73 Billion ≈ $252.50 Million |
+6.51% |
| 2021-12-31 | CN¥1.62 Billion ≈ $237.06 Million |
-20.87% |
| 2020-12-31 | CN¥2.05 Billion ≈ $299.59 Million |
+49.88% |
| 2019-12-31 | CN¥1.37 Billion ≈ $199.89 Million |
+4.10% |
| 2018-12-31 | CN¥1.31 Billion ≈ $192.01 Million |
+1.84% |
| 2017-12-31 | CN¥1.29 Billion ≈ $188.55 Million |
+117.01% |
| 2016-12-31 | CN¥593.76 Million ≈ $86.89 Million |
+25.97% |
| 2015-12-31 | CN¥471.36 Million ≈ $68.97 Million |
+32.84% |
| 2014-12-31 | CN¥354.82 Million ≈ $51.92 Million |
+38.53% |
| 2013-12-31 | CN¥256.14 Million ≈ $37.48 Million |
+195.44% |
| 2012-12-31 | CN¥86.70 Million ≈ $12.69 Million |
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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 decreased by 13475.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.28 Billion | % |
| Total Equity | CN¥-68.73 Million | 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 |
|---|---|
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
$318.62 Million |
|
CoastalSouth Bancshares, Inc.
NYSE:COSO
|
$318.70 Million |
|
Shanghai Menon Animal Nutrition Technology Co. Ltd.
SHE:301156
|
$318.70 Million |
|
Jiangxi Everbright Measurement Cont
SHE:300906
|
$318.77 Million |
|
FLAIR
NSE:FLAIR
|
$318.46 Million |
|
Nalwa Sons Investments Limited
NSE:NSIL
|
$318.42 Million |
|
Dimed S.A. Distribuidora de Medicamentos
SA:PNVL3
|
$318.14 Million |
|
Shandong Sito Bio-technology Co Ltd
SHE:300583
|
$318.12 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 2024 to 2025, total equity changed from 1,309,446,325 to -68,733,927, a change of -1,378,180,252 (-105.2%).
- Net loss of 1,380,794,473 reduced equity.
- Dividend payments of 81,470,697 reduced retained earnings.
- Other factors increased equity by 84,084,918.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.38 Billion | -2008.9% |
| Dividends Paid | CN¥81.47 Million | -118.53% |
| Other Changes | CN¥84.08 Million | +122.33% |
| Total Change | CN¥- | -105.25% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.30 | CN¥5.08 | x |
| 2013-12-31 | CN¥0.91 | CN¥5.08 | x |
| 2014-12-31 | CN¥1.16 | CN¥5.08 | x |
| 2015-12-31 | CN¥1.54 | CN¥5.08 | x |
| 2016-12-31 | CN¥1.94 | CN¥5.08 | x |
| 2017-12-31 | CN¥3.88 | CN¥5.08 | x |
| 2018-12-31 | CN¥3.19 | CN¥5.08 | x |
| 2019-12-31 | CN¥3.36 | CN¥5.08 | x |
| 2020-12-31 | CN¥4.99 | CN¥5.08 | x |
| 2021-12-31 | CN¥3.78 | CN¥5.08 | x |
| 2022-12-31 | CN¥3.92 | CN¥5.08 | x |
| 2023-12-31 | CN¥4.05 | CN¥5.08 | x |
| 2024-12-31 | CN¥3.06 | CN¥5.08 | x |
| 2025-12-31 | CN¥-0.16 | CN¥5.08 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -298.66%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (11.33%), 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 |
| 2025 | 0.00% | -298.66% | 0.12x | 0.00x | CN¥-1.37 Billion |
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: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Cuanon Tech (Shanghai) (603378) | CN¥-162.26 Million | 76.69% | N/A | $318.60 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About 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