Suli Co Ltd (603585) - Net Assets

Latest as of September 2025: CN¥3.39 Billion CNY ≈ $496.08 Million USD

Based on the latest financial reports, Suli Co Ltd (603585) has net assets worth CN¥3.39 Billion CNY (≈ $496.08 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¥5.63 Billion ≈ $823.31 Million USD) and total liabilities (CN¥2.24 Billion ≈ $327.23 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 Suli Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.39 Billion
% of Total Assets	60.25%
Annual Growth Rate	17.65%
5-Year Change	26.56%
10-Year Change	336.87%
Growth Volatility	32.96

Suli Co Ltd - Net Assets Trend (2011–2024)

This chart illustrates how Suli Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Suli Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Suli Co Ltd (2011–2024)

The table below shows the annual net assets of Suli Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603585 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥3.19 Billion ≈ $466.73 Million	-0.54%
2023-12-31	CN¥3.21 Billion ≈ $469.27 Million	-4.05%
2022-12-31	CN¥3.34 Billion ≈ $489.08 Million	+23.80%
2021-12-31	CN¥2.70 Billion ≈ $395.04 Million	+7.12%
2020-12-31	CN¥2.52 Billion ≈ $368.80 Million	-0.67%
2019-12-31	CN¥2.54 Billion ≈ $371.28 Million	+13.43%
2018-12-31	CN¥2.24 Billion ≈ $327.31 Million	+18.84%
2017-12-31	CN¥1.88 Billion ≈ $275.43 Million	+15.09%
2016-12-31	CN¥1.64 Billion ≈ $239.32 Million	+124.01%
2015-12-31	CN¥730.09 Million ≈ $106.84 Million	+28.58%
2014-12-31	CN¥567.81 Million ≈ $83.09 Million	+22.02%
2013-12-31	CN¥465.34 Million ≈ $68.09 Million	+40.38%
2012-12-31	CN¥331.49 Million ≈ $48.51 Million	-13.96%
2011-12-31	CN¥385.25 Million ≈ $56.37 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Suli 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 1061.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.33 Billion	53.94%
Common Stock	CN¥183.85 Million	7.46%
Other Comprehensive Income	CN¥249.68 Million	10.13%
Other Components	CN¥701.76 Million	28.47%
Total Equity	CN¥2.47 Billion	100.00%

Suli Co Ltd Competitors by Market Cap

The table below lists competitors of Suli Co Ltd ranked by their market capitalization.

Company	Market Cap
Swaraj Engines Limited NSE:SWARAJENG	$522.90 Million
Jana Small Finance Bank NSE:JSFB	$522.94 Million
Balaji Amines Limited NSE:BALAMINES	$522.94 Million
Xiamen Comfort Science&Technology Group Co Ltd SHE:002614	$522.99 Million
Smith & Wesson Brands Inc NASDAQ:SWBI	$522.80 Million
Hunan Hansen Pharmaceutical Co Ltd SHE:002412	$522.80 Million
Earth-Panda Advanced Magnetic Material Co Ltd SHG:688077	$522.66 Million
Dongwon System KO:014820	$522.61 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Suli Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,480,594,818 to 2,465,062,828, a change of -15,531,990 (-0.6%).
Net loss of 10,846,972 reduced equity.
Dividend payments of 54,861,663 reduced retained earnings.
Other comprehensive income decreased equity by 133,066,820.
Other factors increased equity by 183,243,465.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-10.85 Million	-0.44%
Dividends Paid	CN¥54.86 Million	-2.23%
Other Comprehensive Income	CN¥-133.07 Million	-5.4%
Other Changes	CN¥183.24 Million	+7.43%
Total Change	CN¥-	-0.63%

Book Value vs Market Value Analysis

This analysis compares Suli 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: 1.40x
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 12.69x to 1.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	CN¥1.51	CN¥19.12	x
2012-12-31	CN¥2.08	CN¥19.12	x
2013-12-31	CN¥2.56	CN¥19.12	x
2014-12-31	CN¥3.04	CN¥19.12	x
2015-12-31	CN¥3.93	CN¥19.12	x
2016-12-31	CN¥9.68	CN¥19.12	x
2017-12-31	CN¥8.44	CN¥19.12	x
2018-12-31	CN¥9.76	CN¥19.12	x
2019-12-31	CN¥10.89	CN¥19.12	x
2020-12-31	CN¥11.27	CN¥19.12	x
2021-12-31	CN¥12.25	CN¥19.12	x
2022-12-31	CN¥12.36	CN¥19.12	x
2023-12-31	CN¥13.59	CN¥19.12	x
2024-12-31	CN¥13.64	CN¥19.12	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Suli 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): -0.44%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.47%
• Asset Turnover: 0.40x
• Equity Multiplier: 2.33x
Recent ROE (-0.44%) is below the historical average (14.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	13.08%	5.22%	1.02x	2.45x	CN¥8.36 Million
2012	26.72%	8.39%	1.06x	3.00x	CN¥37.59 Million
2013	17.78%	7.31%	1.07x	2.27x	CN¥25.99 Million
2014	16.80%	7.73%	1.00x	2.18x	CN¥27.85 Million
2015	22.18%	10.52%	1.13x	1.86x	CN¥64.86 Million
2016	13.78%	13.72%	0.71x	1.41x	CN¥50.79 Million
2017	20.36%	21.20%	0.71x	1.34x	CN¥157.11 Million
2018	24.21%	25.89%	0.67x	1.40x	CN¥250.14 Million
2019	20.81%	22.51%	0.64x	1.46x	CN¥211.94 Million
2020	8.61%	11.21%	0.51x	1.51x	CN¥-28.09 Million
2021	10.95%	10.54%	0.59x	1.76x	CN¥20.99 Million
2022	12.05%	10.01%	0.59x	2.03x	CN¥53.68 Million
2023	0.81%	1.03%	0.34x	2.29x	CN¥-227.98 Million
2024	-0.44%	-0.47%	0.40x	2.33x	CN¥-257.35 Million

Industry Comparison

This section compares Suli Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $2,769,045,563
Average return on equity (ROE) among peers: 6.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Suli Co Ltd (603585)	CN¥3.39 Billion	13.08%	0.66x	$522.90 Million
North Huajin Chemical Industries Co Ltd (000059)	$1.37 Billion	0.00%	0.79x	$1.28 Billion
Sichuan Chemical Co Ltd (000155)	$1.46 Billion	0.78%	1.16x	$4.82 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$506.50 Million	16.41%	1.45x	$12.92 Billion
Zangge Holding Co Ltd (000408)	$304.26 Million	8.29%	1.38x	$20.72 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.46 Billion	0.89%	0.57x	$1.47 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$269.12 Million	8.73%	0.27x	$438.99 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$728.86 Million	0.46%	0.67x	$855.32 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$934.64 Million	13.67%	2.94x	$472.35 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$1.03 Billion	8.78%	0.45x	$362.87 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$19.62 Billion	9.23%	0.83x	$4.87 Billion

About Suli Co Ltd

SHG:603585 China Chemicals

Market Cap

$522.90 Million

CN¥3.57 Billion CNY

Market Cap Rank

#12352 Global

#3822 in China

Share Price

CN¥19.12

Change (1 day)

-1.09%

52-Week Range

CN¥15.13 - CN¥26.40

All Time High

CN¥1529.00