Sunstone Development Co Ltd (603612) - Net Assets
Based on the latest financial reports, Sunstone Development Co Ltd (603612) has net assets worth CN¥7.81 Billion CNY (≈ $1.14 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.30 Billion ≈ $3.12 Billion USD) and total liabilities (CN¥13.49 Billion ≈ $1.97 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 asset allocation strategy of Sunstone Development Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.81 Billion |
| % of Total Assets | 36.66% |
| Annual Growth Rate | 14.41% |
| 5-Year Change | 37.57% |
| 10-Year Change | 406.91% |
| Growth Volatility | 22.1 |
Sunstone Development Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Sunstone Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603612 company net worth.
Annual Net Assets for Sunstone Development Co Ltd (2011–2025)
The table below shows the annual net assets of Sunstone Development Co Ltd from 2011 to 2025. Also explore Sunstone Development Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.38 Billion ≈ $1.08 Billion |
+6.96% |
| 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 764.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.03 Billion | 35.52% |
| Other Components | CN¥3.68 Billion | 64.48% |
| Total Equity | CN¥5.70 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 |
|---|---|
|
CTCI Corp
TW:9933
|
$1.21 Billion |
|
Bitfarms Ltd
NASDAQ:BITF
|
$1.21 Billion |
|
Develop Global Ltd
AU:DVP
|
$1.21 Billion |
|
tonies SE
F:TNIE
|
$1.21 Billion |
|
Strides Pharma Science Limited
NSE:STAR
|
$1.21 Billion |
|
H&K AG
PA:MLHK
|
$1.21 Billion |
|
Bank Pan Indonesia Tbk
JK:PNBN
|
$1.21 Billion |
|
United Corporations Limited
TO:UNC
|
$1.21 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 2024 to 2025, total equity changed from 5,170,755,674 to 5,704,588,504, a change of 533,832,830 (10.3%).
- Net income of 746,663,233 contributed positively to equity growth.
- Dividend payments of 352,227,163 reduced retained earnings.
- Other comprehensive income increased equity by 2,996,936.
- Other factors increased equity by 136,399,825.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥746.66 Million | +13.09% |
| Dividends Paid | CN¥352.23 Million | -6.17% |
| Other Comprehensive Income | CN¥3.00 Million | +0.05% |
| Other Changes | CN¥136.40 Million | +2.39% |
| Total Change | CN¥- | 10.32% |
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: 1.45x
- 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 3.67x to 1.45x 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¥16.65 | x |
| 2012-12-31 | CN¥4.54 | CN¥16.65 | x |
| 2013-12-31 | CN¥4.42 | CN¥16.65 | x |
| 2014-12-31 | CN¥5.13 | CN¥16.65 | x |
| 2015-12-31 | CN¥5.33 | CN¥16.65 | x |
| 2016-12-31 | CN¥5.56 | CN¥16.65 | x |
| 2017-12-31 | CN¥8.22 | CN¥16.65 | x |
| 2018-12-31 | CN¥7.26 | CN¥16.65 | x |
| 2019-12-31 | CN¥7.70 | CN¥16.65 | x |
| 2020-12-31 | CN¥10.10 | CN¥16.65 | x |
| 2021-12-31 | CN¥10.12 | CN¥16.65 | x |
| 2022-12-31 | CN¥11.80 | CN¥16.65 | x |
| 2023-12-31 | CN¥10.92 | CN¥16.65 | x |
| 2024-12-31 | CN¥9.87 | CN¥16.65 | x |
| 2025-12-31 | CN¥11.45 | CN¥16.65 | 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): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 3.29x
- Recent ROE (13.09%) is above the historical average (8.50%), indicating improving 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 |
| 2025 | 13.09% | 4.22% | 0.94x | 3.29x | CN¥176.20 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: $7,879,981,222
- Average return on equity (ROE) among peers: -31.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunstone Development Co Ltd (603612) | CN¥7.81 Billion | 11.33% | 1.73x | $1.21 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $14.88 Billion | 6.33% | 1.16x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $13.13 Billion | 3.83% | 1.12x | $3.13 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $37.47 Billion | -6.13% | 4.45x | $13.25 Billion |
| Zangge Holding Co Ltd (000408) | $5.99 Billion | 15.23% | 0.23x | $16.89 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $985.98 Million | 10.70% | 1.81x | $1.81 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $38.72 Million | -326.47% | 8.38x | $322.02 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $1.95 Billion | -22.71% | 0.65x | $850.09 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.68 Billion | 1.13% | 0.35x | $430.25 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $723.47 Million | 1.02% | 0.01x | $319.51 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $945.90 Million | 2.34% | 1.22x | $3.11 Billion |
About Sunstone Development Co Ltd
Sunstone Development Co., Ltd. engages in the research, development, production, and sale of prebaked anodes, lithium battery anode materials, and film capacitors in China and internationally. The company offers anode products for aluminum anode products for aluminum production and electrolysis applications; battery anode materials for lithium-ion battery applications; film capacitor series for h… Read more