Three Stars NM
Zhejiang Three Stars New Materials Co., Ltd., together with its subsidiaries, manufactures and sells glass products in China and internationally. It offers glass door, deep-processed glass, photovoltaic glass, and plastic products. The company also imports and exports its products. Its products are used in low-temperature storage equipment, including beverage cabinets, wine cabinets, smart retail… Read more
Three Stars NM (603578) - Net Assets
Latest net assets as of September 2025: CN¥939.51 Million CNY
Based on the latest financial reports, Three Stars NM (603578) has net assets worth CN¥939.51 Million 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¥4.49 Billion) and total liabilities (CN¥3.55 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¥939.51 Million |
| % of Total Assets | 20.94% |
| Annual Growth Rate | 17.64% |
| 5-Year Change | 34.57% |
| 10-Year Change | 344.06% |
| Growth Volatility | 32.98 |
Three Stars NM - Net Assets Trend (2012–2024)
This chart illustrates how Three Stars NM's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Three Stars NM (2012–2024)
The table below shows the annual net assets of Three Stars NM from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.00 Billion | -10.40% |
| 2023-12-31 | CN¥1.12 Billion | +15.49% |
| 2022-12-31 | CN¥970.08 Million | +2.27% |
| 2021-12-31 | CN¥948.51 Million | +27.15% |
| 2020-12-31 | CN¥745.98 Million | +17.81% |
| 2019-12-31 | CN¥633.23 Million | +17.33% |
| 2018-12-31 | CN¥539.71 Million | +8.76% |
| 2017-12-31 | CN¥496.25 Million | +124.57% |
| 2016-12-31 | CN¥220.98 Million | -2.25% |
| 2015-12-31 | CN¥226.07 Million | +6.92% |
| 2014-12-31 | CN¥211.45 Million | +19.45% |
| 2013-12-31 | CN¥177.01 Million | +23.88% |
| 2012-12-31 | CN¥142.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Three Stars NM'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 2871.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥345.38 Million | 34.12% |
| Common Stock | CN¥180.36 Million | 17.82% |
| Other Comprehensive Income | CN¥95.87 Million | 9.47% |
| Other Components | CN¥390.73 Million | 38.60% |
| Total Equity | CN¥1.01 Billion | 100.00% |
Three Stars NM Competitors by Market Cap
The table below lists competitors of Three Stars NM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhubo Design
SHE:300564
|
$146.30 Million |
|
PT Jhonlin Agro Raya Tbk
JK:JARR
|
$146.33 Million |
|
Harum Energy Tbk PT
JK:HRUM
|
$146.34 Million |
|
Selcuk Ecza Deposu Ticaret ve Sanayi AS
IS:SELEC
|
$146.37 Million |
|
China Shengmu Organic Milk Limited
F:7OM
|
$146.24 Million |
|
Goldiam International Limited
NSE:GOLDIAM
|
$146.11 Million |
|
Midland Holdings Limited
F:MTK
|
$146.06 Million |
|
Cool Company Ltd
NYSE:CLCO
|
$145.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Three Stars NM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,082,270,655 to 1,012,340,393, a change of -69,930,262 (-6.5%).
- Net loss of 65,603,391 reduced equity.
- Dividend payments of 29,074,619 reduced retained earnings.
- Other comprehensive income increased equity by 95,871,432.
- Other factors decreased equity by 71,123,684.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-65.60 Million | -6.48% |
| Dividends Paid | CN¥29.07 Million | -2.87% |
| Other Comprehensive Income | CN¥95.87 Million | +9.47% |
| Other Changes | CN¥-71.12 Million | -7.03% |
| Total Change | CN¥- | -6.46% |
Book Value vs Market Value Analysis
This analysis compares Three Stars NM'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: 2.58x
- 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 11.76x to 2.58x 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¥1.22 | CN¥14.31 | x |
| 2013-12-31 | CN¥1.48 | CN¥14.31 | x |
| 2014-12-31 | CN¥1.75 | CN¥14.31 | x |
| 2015-12-31 | CN¥1.88 | CN¥14.31 | x |
| 2016-12-31 | CN¥1.83 | CN¥14.31 | x |
| 2017-12-31 | CN¥3.25 | CN¥14.31 | x |
| 2018-12-31 | CN¥3.36 | CN¥14.31 | x |
| 2019-12-31 | CN¥3.93 | CN¥14.31 | x |
| 2020-12-31 | CN¥4.57 | CN¥14.31 | x |
| 2021-12-31 | CN¥5.62 | CN¥14.31 | x |
| 2022-12-31 | CN¥5.35 | CN¥14.31 | x |
| 2023-12-31 | CN¥6.16 | CN¥14.31 | x |
| 2024-12-31 | CN¥5.56 | CN¥14.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Three Stars NM 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): -6.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.46%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 4.39x
- Recent ROE (-6.48%) is below the historical average (12.68%), 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 | 22.13% | 16.26% | 0.86x | 1.58x | CN¥17.34 Million |
| 2013 | 19.27% | 15.36% | 0.81x | 1.56x | CN¥16.42 Million |
| 2014 | 16.29% | 14.62% | 0.86x | 1.30x | CN¥13.29 Million |
| 2015 | 16.69% | 15.82% | 0.83x | 1.28x | CN¥15.12 Million |
| 2016 | 21.59% | 17.44% | 0.91x | 1.35x | CN¥25.61 Million |
| 2017 | 11.16% | 18.52% | 0.50x | 1.21x | CN¥5.73 Million |
| 2018 | 11.13% | 18.38% | 0.51x | 1.18x | CN¥6.08 Million |
| 2019 | 9.73% | 18.12% | 0.37x | 1.47x | CN¥-1.72 Million |
| 2020 | 11.18% | 19.52% | 0.40x | 1.44x | CN¥8.77 Million |
| 2021 | 10.54% | 11.93% | 0.66x | 1.35x | CN¥5.02 Million |
| 2022 | 10.85% | 13.66% | 0.63x | 1.26x | CN¥8.13 Million |
| 2023 | 10.72% | 13.00% | 0.33x | 2.48x | CN¥7.79 Million |
| 2024 | -6.48% | -6.46% | 0.23x | 4.39x | CN¥-166.84 Million |
Industry Comparison
This section compares Three Stars NM's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Three Stars NM (603578) | CN¥939.51 Million | 22.13% | 3.78x | $146.30 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |