Clenergy Xiamen Technology Co Ltd
Clenergy Technology Co., Ltd. engages in the development, manufacturing, and engineering of solar mounting and cable management gear products in China and internationally. The company provides solar tracking systems; a range of solar mounting systems for various kinds of solar installations, including residential, industrial, commercial, and utility scale projects; cable tray and management syste… Read more
Clenergy Xiamen Technology Co Ltd (603628) - Net Assets
Latest net assets as of September 2025: CN¥1.37 Billion CNY
Based on the latest financial reports, Clenergy Xiamen Technology Co Ltd (603628) has net assets worth CN¥1.37 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¥3.59 Billion) and total liabilities (CN¥2.22 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¥1.37 Billion |
| % of Total Assets | 38.11% |
| Annual Growth Rate | 11.15% |
| 5-Year Change | 33.82% |
| 10-Year Change | 150.49% |
| Growth Volatility | 17.27 |
Clenergy Xiamen Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Clenergy Xiamen Technology 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 Clenergy Xiamen Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Clenergy Xiamen Technology Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.29 Billion | +2.80% |
| 2023-12-31 | CN¥1.25 Billion | +12.96% |
| 2022-12-31 | CN¥1.11 Billion | +10.73% |
| 2021-12-31 | CN¥999.37 Million | +4.07% |
| 2020-12-31 | CN¥960.30 Million | +1.81% |
| 2019-12-31 | CN¥943.24 Million | -5.05% |
| 2018-12-31 | CN¥993.45 Million | +2.68% |
| 2017-12-31 | CN¥967.51 Million | +68.22% |
| 2016-12-31 | CN¥575.14 Million | +12.11% |
| 2015-12-31 | CN¥513.02 Million | +19.77% |
| 2014-12-31 | CN¥428.35 Million | +9.80% |
| 2013-12-31 | CN¥390.11 Million | +7.74% |
| 2012-12-31 | CN¥362.09 Million | +11.37% |
| 2011-12-31 | CN¥325.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clenergy Xiamen Technology 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 11077.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥573.98 Million | 44.92% |
| Common Stock | CN¥273.80 Million | 21.43% |
| Other Comprehensive Income | CN¥1.68 Million | 0.13% |
| Other Components | CN¥428.22 Million | 33.52% |
| Total Equity | CN¥1.28 Billion | 100.00% |
Clenergy Xiamen Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Clenergy Xiamen Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flughafen Wien AG
LSE:0RHU
|
$266.55 Million |
|
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.
SHE:300922
|
$266.55 Million |
|
ShenZhen Zero-Seven Co Ltd
SHE:000007
|
$266.60 Million |
|
Beijing Bohui Innovation Technology Co Ltd
SHE:300318
|
$266.67 Million |
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$266.50 Million |
|
Shenzhen Glory Medical Co Ltd
SHE:002551
|
$266.49 Million |
|
Altus Power Inc
NYSE:AMPS
|
$266.49 Million |
|
Wuxi Commercial Mansion Grand Orient Co Ltd
SHG:600327
|
$266.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clenergy Xiamen Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,243,583,237 to 1,277,668,066, a change of 34,084,829 (2.7%).
- Net income of 90,164,359 contributed positively to equity growth.
- Dividend payments of 57,911,256 reduced retained earnings.
- Share repurchases of 26,138,539 reduced equity.
- Other comprehensive income decreased equity by 47,493,605.
- Other factors increased equity by 75,463,870.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥90.16 Million | +7.06% |
| Dividends Paid | CN¥57.91 Million | -4.53% |
| Share Repurchases | CN¥26.14 Million | -2.05% |
| Other Comprehensive Income | CN¥-47.49 Million | -3.72% |
| Other Changes | CN¥75.46 Million | +5.91% |
| Total Change | CN¥- | 2.74% |
Book Value vs Market Value Analysis
This analysis compares Clenergy Xiamen Technology 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: 3.22x
- 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 4.66x to 3.22x 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¥3.23 | CN¥15.08 | x |
| 2012-12-31 | CN¥3.24 | CN¥15.08 | x |
| 2013-12-31 | CN¥3.51 | CN¥15.08 | x |
| 2014-12-31 | CN¥3.83 | CN¥15.08 | x |
| 2015-12-31 | CN¥2.34 | CN¥15.08 | x |
| 2016-12-31 | CN¥2.64 | CN¥15.08 | x |
| 2017-12-31 | CN¥3.41 | CN¥15.08 | x |
| 2018-12-31 | CN¥3.45 | CN¥15.08 | x |
| 2019-12-31 | CN¥3.28 | CN¥15.08 | x |
| 2020-12-31 | CN¥3.48 | CN¥15.08 | x |
| 2021-12-31 | CN¥3.62 | CN¥15.08 | x |
| 2022-12-31 | CN¥4.02 | CN¥15.08 | x |
| 2023-12-31 | CN¥4.56 | CN¥15.08 | x |
| 2024-12-31 | CN¥4.68 | CN¥15.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clenergy Xiamen Technology 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): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.70%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.39x
- Recent ROE (7.06%) is below the historical average (9.09%), 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 | 24.74% | 20.61% | 0.97x | 1.24x | CN¥47.91 Million |
| 2012 | 12.97% | 11.80% | 0.87x | 1.26x | CN¥10.74 Million |
| 2013 | 10.27% | 8.83% | 0.84x | 1.39x | CN¥1.04 Million |
| 2014 | 10.44% | 8.49% | 0.60x | 2.06x | CN¥1.88 Million |
| 2015 | 13.69% | 11.12% | 0.65x | 1.89x | CN¥17.87 Million |
| 2016 | 10.61% | 8.22% | 0.58x | 2.24x | CN¥3.32 Million |
| 2017 | 5.27% | 6.28% | 0.33x | 2.52x | CN¥-44.06 Million |
| 2018 | 2.61% | 2.59% | 0.35x | 2.86x | CN¥-70.43 Million |
| 2019 | -5.85% | -4.20% | 0.51x | 2.73x | CN¥-142.45 Million |
| 2020 | 7.17% | 7.60% | 0.45x | 2.09x | CN¥-26.98 Million |
| 2021 | 4.77% | 4.65% | 0.50x | 2.07x | CN¥-51.87 Million |
| 2022 | 9.95% | 7.59% | 0.64x | 2.06x | CN¥-559.10K |
| 2023 | 13.59% | 8.73% | 0.78x | 2.00x | CN¥44.70 Million |
| 2024 | 7.06% | 4.70% | 0.63x | 2.39x | CN¥-37.60 Million |
Industry Comparison
This section compares Clenergy Xiamen Technology Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,629,795,698
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clenergy Xiamen Technology Co Ltd (603628) | CN¥1.37 Billion | 24.74% | 1.62x | $266.54 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $670.55 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.78 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.29 Billion | 1.05% | 3.39x | $2.32 Billion |
| Changzhou Almaden Co Ltd (002623) | $40.18 Million | 14.90% | 1.71x | $313.43 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.32 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $512.56 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.05 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $258.47 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.13 Billion |