Sunstone Development Co Ltd

SHG:603612 China Chemicals
Market Cap
$2.33 Billion
CN¥17.08 Billion CNY
Market Cap Rank
#5775 Global
#805 in China
Share Price
CN¥34.29
Change (1 day)
+1.39%
52-Week Range
CN¥14.51 - CN¥35.58
All Time High
CN¥47.81
Categories
Companies in China Chemicals
About

Sunstone Development Co., Ltd. engages in the research and development, production, and sales of prebaked carbon anodes for the aluminum industry in China and internationally. The company also provides aluminum anode products, battery anode material, and film capacitor series. It is also involved in the import of petroleum coke, as well as export of prebaked anodes. In addition, the company offer… Read more

Sunstone Development Co Ltd (603612) - Net Assets

Latest net assets as of September 2025: CN¥7.22 Billion CNY

Based on the latest financial reports, Sunstone Development Co Ltd (603612) has net assets worth CN¥7.22 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¥18.34 Billion) and total liabilities (CN¥11.12 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¥7.22 Billion
% of Total Assets 39.37%
Annual Growth Rate 15.0%
5-Year Change 57.67%
10-Year Change 376.88%
Growth Volatility 22.78

Sunstone Development Co Ltd - Net Assets Trend (2011–2024)

This chart illustrates how Sunstone Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Sunstone Development Co Ltd (2011–2024)

The table below shows the annual net assets of Sunstone Development Co Ltd from 2011 to 2024.

Year Net Assets Change
2024-12-31 CN¥6.90 Billion -8.44%
2023-12-31 CN¥7.54 Billion +3.10%
2022-12-31 CN¥7.31 Billion +36.25%
2021-12-31 CN¥5.37 Billion +22.59%
2020-12-31 CN¥4.38 Billion +42.49%
2019-12-31 CN¥3.07 Billion +8.67%
2018-12-31 CN¥2.83 Billion +8.14%
2017-12-31 CN¥2.61 Billion +79.50%
2016-12-31 CN¥1.46 Billion +0.63%
2015-12-31 CN¥1.45 Billion +4.93%
2014-12-31 CN¥1.38 Billion +14.60%
2013-12-31 CN¥1.20 Billion +0.19%
2012-12-31 CN¥1.20 Billion +7.14%
2011-12-31 CN¥1.12 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Sunstone Development 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 490.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.38 Billion 26.75%
Common Stock CN¥498.10 Million 9.63%
Other Comprehensive Income CN¥-3.00 Million -0.06%
Other Components CN¥3.29 Billion 63.67%
Total Equity CN¥5.17 Billion 100.00%

Sunstone Development Co Ltd Competitors by Market Cap

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

Company Market Cap
Zhejiang Merit Interactive Network Technology Co Ltd Class A
SHE:300766
 		$1.52 Billion
Jeudan
CO:JDAN
 		$1.52 Billion
Gland Pharma Limited
NSE:GLAND
 		$1.53 Billion
Zhuzhou Kibing Group Co Ltd
SHG:601636
 		$1.53 Billion
KENON HLDGS LTD
F:76N
 		$1.52 Billion
ZYMEWORKS DL-00001
F:ZA8
 		$1.52 Billion
LLOYDS METALS AND ENERGY LTD.
NSE:LLOYDSME
 		$1.52 Billion
Red Avenue New Materials Group Co Ltd
SHG:603650
 		$1.52 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,634,652,331 to 5,170,755,674, a change of -463,896,657 (-8.2%).
  • Net income of 272,412,906 contributed positively to equity growth.
  • Dividend payments of 250,787,829 reduced retained earnings.
  • Share repurchases of 32,542,028 reduced equity.
  • Other comprehensive income increased equity by 1,861,550.
  • Other factors decreased equity by 454,841,256.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥272.41 Million +5.27%
Dividends Paid CN¥250.79 Million -4.85%
Share Repurchases CN¥32.54 Million -0.63%
Other Comprehensive Income CN¥1.86 Million +0.04%
Other Changes CN¥-454.84 Million -8.8%
Total Change CN¥- -8.23%

Book Value vs Market Value Analysis

This analysis compares Sunstone Development 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: 3.47x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 7.55x to 3.47x 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¥4.54 CN¥34.29 x
2012-12-31 CN¥4.54 CN¥34.29 x
2013-12-31 CN¥4.42 CN¥34.29 x
2014-12-31 CN¥5.13 CN¥34.29 x
2015-12-31 CN¥5.33 CN¥34.29 x
2016-12-31 CN¥5.56 CN¥34.29 x
2017-12-31 CN¥8.22 CN¥34.29 x
2018-12-31 CN¥7.26 CN¥34.29 x
2019-12-31 CN¥7.70 CN¥34.29 x
2020-12-31 CN¥10.10 CN¥34.29 x
2021-12-31 CN¥10.12 CN¥34.29 x
2022-12-31 CN¥11.80 CN¥34.29 x
2023-12-31 CN¥10.92 CN¥34.29 x
2024-12-31 CN¥9.87 CN¥34.29 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sunstone Development 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): 5.27%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.98%
  • • Asset Turnover: 0.78x
  • • Equity Multiplier: 3.41x
  • Recent ROE (5.27%) is below the historical average (8.18%), 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 11.33% 9.46% 0.67x 1.79x CN¥14.18 Million
2012 9.91% 10.07% 0.45x 2.20x CN¥-1.08 Million
2013 3.83% 2.39% 0.71x 2.26x CN¥-70.67 Million
2014 12.40% 8.81% 0.70x 2.02x CN¥31.07 Million
2015 7.38% 5.77% 0.55x 2.34x CN¥-35.44 Million
2016 6.29% 4.52% 0.63x 2.21x CN¥-52.41 Million
2017 23.11% 16.69% 0.74x 1.87x CN¥310.71 Million
2018 8.26% 6.01% 0.57x 2.42x CN¥-42.48 Million
2019 3.33% 1.98% 0.56x 2.99x CN¥-173.06 Million
2020 5.84% 3.66% 0.69x 2.32x CN¥-152.25 Million
2021 13.74% 6.56% 0.78x 2.69x CN¥168.72 Million
2022 16.61% 4.67% 1.12x 3.18x CN¥360.15 Million
2023 -12.83% -4.72% 0.89x 3.05x CN¥-1.29 Billion
2024 5.27% 1.98% 0.78x 3.41x CN¥-244.66 Million

Industry Comparison

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

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $5,113,169,923
  • Average return on equity (ROE) among peers: 134.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sunstone Development Co Ltd (603612) CN¥7.22 Billion 11.33% 1.54x $1.52 Billion
North Huajin Chemical Industries Co Ltd (000059) $6.02 Billion 6.39% 1.78x $667.34 Million
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) $37.47 Billion -6.13% 4.45x $2.93 Billion
Zangge Holding Co Ltd (000408) $77.02 Million 1290.57% 5.02x $11.50 Billion
Sichuan Jinlu Group Co Ltd (000510) $610.23 Million -19.65% 0.75x $1.15 Billion
Jilin Gpro Titanium Industry Co Ltd (000545) $313.50 Million 0.80% 0.55x $406.72 Million
Aoyuan Beauty Valley Technology Co Ltd (000615) $54.68 Million 39.27% 1.16x $222.39 Million
Ningxia Younglight Chemicals Co Ltd (000635) $31.53 Million 19.31% 2.12x $292.93 Million
Maoming Petro-Chemical Shihua Co Ltd (000637) $527.87 Million 11.23% 0.11x $184.51 Million
Shenyang Chemical Industry Co Ltd (000698) $3.87 Billion 4.85% 1.49x $239.27 Million
Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) $2.15 Billion 0.42% 2.92x $403.51 Million