Sunstone Development Co Ltd (603612) - Net Assets
Based on the latest financial reports, Sunstone Development Co Ltd (603612) has net assets worth CN¥7.22 Billion CNY (≈ $1.06 Billion 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¥18.34 Billion ≈ $2.68 Billion USD) and total liabilities (CN¥11.12 Billion ≈ $1.63 Billion 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 603612 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 603612 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is Sunstone Development Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.90 Billion ≈ $1.01 Billion |
-8.44% |
| 2023-12-31 | CN¥7.54 Billion ≈ $1.10 Billion |
+3.10% |
| 2022-12-31 | CN¥7.31 Billion ≈ $1.07 Billion |
+36.25% |
| 2021-12-31 | CN¥5.37 Billion ≈ $785.21 Million |
+22.59% |
| 2020-12-31 | CN¥4.38 Billion ≈ $640.49 Million |
+42.49% |
| 2019-12-31 | CN¥3.07 Billion ≈ $449.50 Million |
+8.67% |
| 2018-12-31 | CN¥2.83 Billion ≈ $413.65 Million |
+8.14% |
| 2017-12-31 | CN¥2.61 Billion ≈ $382.50 Million |
+79.50% |
| 2016-12-31 | CN¥1.46 Billion ≈ $213.09 Million |
+0.63% |
| 2015-12-31 | CN¥1.45 Billion ≈ $211.76 Million |
+4.93% |
| 2014-12-31 | CN¥1.38 Billion ≈ $201.81 Million |
+14.60% |
| 2013-12-31 | CN¥1.20 Billion ≈ $176.09 Million |
+0.19% |
| 2012-12-31 | CN¥1.20 Billion ≈ $175.75 Million |
+7.14% |
| 2011-12-31 | CN¥1.12 Billion ≈ $164.03 Million |
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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 |
|---|---|
|
Evergreen Aviation Tech Corp
TW:2645
|
$1.85 Billion |
|
PSG Konsult Ltd
JSE:KST
|
$1.85 Billion |
|
Calibre Mining Corp
TO:CXB
|
$1.85 Billion |
|
Jiangyin Hengrun Heavy
SHG:603985
|
$1.85 Billion |
|
Galapagos N.V.
AS:GLPG
|
$1.85 Billion |
|
Shenzhen Newway Photomask Making Co. Ltd. A
SHG:688401
|
$1.85 Billion |
|
Henan Huanghe Whirlwind Co Ltd
SHG:600172
|
$1.85 Billion |
|
Bikaji Foods International Limited
NSE:BIKAJI
|
$1.85 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: 2.57x
- 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 5.60x to 2.57x 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¥25.41 | x |
| 2012-12-31 | CN¥4.54 | CN¥25.41 | x |
| 2013-12-31 | CN¥4.42 | CN¥25.41 | x |
| 2014-12-31 | CN¥5.13 | CN¥25.41 | x |
| 2015-12-31 | CN¥5.33 | CN¥25.41 | x |
| 2016-12-31 | CN¥5.56 | CN¥25.41 | x |
| 2017-12-31 | CN¥8.22 | CN¥25.41 | x |
| 2018-12-31 | CN¥7.26 | CN¥25.41 | x |
| 2019-12-31 | CN¥7.70 | CN¥25.41 | x |
| 2020-12-31 | CN¥10.10 | CN¥25.41 | x |
| 2021-12-31 | CN¥10.12 | CN¥25.41 | x |
| 2022-12-31 | CN¥11.80 | CN¥25.41 | x |
| 2023-12-31 | CN¥10.92 | CN¥25.41 | x |
| 2024-12-31 | CN¥9.87 | CN¥25.41 | 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: $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 |
|---|---|---|---|---|
| Sunstone Development Co Ltd (603612) | CN¥7.22 Billion | 11.33% | 1.54x | $1.85 Billion |
| 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 Sunstone Development Co Ltd
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