Suli Co Ltd (603585) - Net Assets

Latest as of March 2026: CN¥3.48 Billion CNY ≈ $508.77 Million USD

Based on the latest financial reports, Suli Co Ltd (603585) has net assets worth CN¥3.48 Billion CNY (≈ $508.77 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¥5.65 Billion ≈ $827.20 Million USD) and total liabilities (CN¥2.18 Billion ≈ $318.42 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 603585 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.48 Billion
% of Total Assets	61.51%
Annual Growth Rate	16.89%
5-Year Change	26.95%
10-Year Change	109.55%
Growth Volatility	31.96

Suli Co Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Suli Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603585 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Suli Co Ltd (2011–2025)

The table below shows the annual net assets of Suli Co Ltd from 2011 to 2025. For live valuation and market cap data, see 603585 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥3.43 Billion ≈ $501.50 Million	+7.45%
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 1228.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.52 Billion	56.23%
Other Components	CN¥1.18 Billion	43.77%
Total Equity	CN¥2.70 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
Bandwidth Inc NASDAQ:BAND	$413.87 Million
Yunnan Yuntou Ecology and Environment Technology Co Ltd SHE:002200	$413.91 Million
Diageo PLC LSE:DGE	$413.91 Million
Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited F:GU5	$413.91 Million
Barem Ambalaj Sanayi ve Ticaret a.s. IS:BARMA	$413.61 Million
Jasmine International Public Company Limited BK:JAS-R	$413.53 Million
RDC Semiconductor Co Ltd TWO:3228	$413.43 Million
Promotora de Informaciones SA MC:PRS	$413.34 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 2024 to 2025, total equity changed from 2,465,062,828 to 2,704,911,088, a change of 239,848,260 (9.7%).
Net income of 192,719,010 contributed positively to equity growth.
Dividend payments of 21,658,586 reduced retained earnings.
Other comprehensive income decreased equity by 249,679,756.
Other factors increased equity by 318,467,592.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥192.72 Million	+7.12%
Dividends Paid	CN¥21.66 Million	-0.8%
Other Comprehensive Income	CN¥-249.68 Million	-9.23%
Other Changes	CN¥318.47 Million	+11.77%
Total Change	CN¥-	9.73%

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: 1.00x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 9.59x to 1.00x 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¥14.45	x
2012-12-31	CN¥2.08	CN¥14.45	x
2013-12-31	CN¥2.56	CN¥14.45	x
2014-12-31	CN¥3.04	CN¥14.45	x
2015-12-31	CN¥3.93	CN¥14.45	x
2016-12-31	CN¥9.68	CN¥14.45	x
2017-12-31	CN¥8.44	CN¥14.45	x
2018-12-31	CN¥9.76	CN¥14.45	x
2019-12-31	CN¥10.86	CN¥14.45	x
2020-12-31	CN¥11.26	CN¥14.45	x
2021-12-31	CN¥12.24	CN¥14.45	x
2022-12-31	CN¥12.36	CN¥14.45	x
2023-12-31	CN¥13.59	CN¥14.45	x
2024-12-31	CN¥13.64	CN¥14.45	x
2025-12-31	CN¥14.47	CN¥14.45	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): 7.12%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.94%
• Asset Turnover: 0.48x
• Equity Multiplier: 2.13x
Recent ROE (7.12%) is below the historical average (13.16%), 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	14.81%	15.42%	0.71x	1.34x	CN¥72.92 Million
2018	17.73%	18.96%	0.67x	1.40x	CN¥136.07 Million
2019	15.47%	16.73%	0.64x	1.46x	CN¥107.17 Million
2020	8.61%	11.21%	0.51x	1.51x	CN¥-28.09 Million
2021	10.95%	10.28%	0.61x	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
2025	7.12%	6.94%	0.48x	2.13x	CN¥-77.77 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: $4,238,970,200
Average return on equity (ROE) among peers: 9.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Suli Co Ltd (603585)	CN¥3.48 Billion	13.08%	0.63x	$413.69 Million
North Huajin Chemical Industries Co Ltd (000059)	$14.98 Billion	0.47%	1.13x	$940.88 Million
Sichuan Chemical Co Ltd (000155)	$505.75 Million	22.40%	1.18x	$3.48 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.69 Billion	5.91%	0.33x	$11.21 Billion
Zangge Holding Co Ltd (000408)	$6.53 Billion	18.58%	0.19x	$17.56 Billion
Sichuan Jinlu Group Co Ltd (000510)	$754.79 Million	9.90%	0.56x	$2.10 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$2.05 Billion	4.97%	0.52x	$348.02 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$674.19 Million	1.08%	0.85x	$891.94 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.90 Billion	3.79%	0.15x	$376.61 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$771.01 Million	16.41%	0.10x	$286.04 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$10.53 Billion	6.76%	1.09x	$3.42 Billion

About Suli Co Ltd

SHG:603585 China Chemicals

Market Cap

$413.69 Million

CN¥2.83 Billion CNY

Market Cap Rank

#13363 Global

#4005 in China

Share Price

CN¥14.45

Change (1 day)

-1.16%

52-Week Range

CN¥14.45 - CN¥26.40

All Time High

CN¥1529.00