Clenergy Xiamen Technology Co Ltd (603628) - Net Assets
Based on the latest financial reports, Clenergy Xiamen Technology Co Ltd (603628) has net assets worth CN¥1.33 Billion CNY (≈ $194.98 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¥3.22 Billion ≈ $471.58 Million USD) and total liabilities (CN¥1.89 Billion ≈ $276.61 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. Also explore total assets of Clenergy Xiamen Technology Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.33 Billion |
| % of Total Assets | 41.35% |
| Annual Growth Rate | 10.54% |
| 5-Year Change | 32.39% |
| 10-Year Change | 130.05% |
| Growth Volatility | 16.81 |
Clenergy Xiamen Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Clenergy Xiamen Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Clenergy Xiamen Technology Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Clenergy Xiamen Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Clenergy Xiamen Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see 603628 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.32 Billion ≈ $193.61 Million |
+2.96% |
| 2024-12-31 | CN¥1.29 Billion ≈ $188.05 Million |
+2.80% |
| 2023-12-31 | CN¥1.25 Billion ≈ $182.92 Million |
+12.96% |
| 2022-12-31 | CN¥1.11 Billion ≈ $161.93 Million |
+10.73% |
| 2021-12-31 | CN¥999.37 Million ≈ $146.24 Million |
+4.07% |
| 2020-12-31 | CN¥960.30 Million ≈ $140.52 Million |
+1.81% |
| 2019-12-31 | CN¥943.24 Million ≈ $138.03 Million |
-5.05% |
| 2018-12-31 | CN¥993.45 Million ≈ $145.37 Million |
+2.68% |
| 2017-12-31 | CN¥967.51 Million ≈ $141.58 Million |
+68.22% |
| 2016-12-31 | CN¥575.14 Million ≈ $84.16 Million |
+12.11% |
| 2015-12-31 | CN¥513.02 Million ≈ $75.07 Million |
+19.77% |
| 2014-12-31 | CN¥428.35 Million ≈ $62.68 Million |
+9.80% |
| 2013-12-31 | CN¥390.11 Million ≈ $57.09 Million |
+7.74% |
| 2012-12-31 | CN¥362.09 Million ≈ $52.99 Million |
+11.37% |
| 2011-12-31 | CN¥325.12 Million ≈ $47.58 Million |
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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 11823.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥612.29 Million | 46.46% |
| Other Components | CN¥705.49 Million | 53.54% |
| Total Equity | CN¥1.32 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 |
|---|---|
|
NIIT LEARNING SYSTEMS LTD
NSE:NIITMTS
|
$354.48 Million |
|
Ve Wong Corp
TW:1203
|
$354.61 Million |
|
Northeast Community Bancorp Inc
NASDAQ:NECB
|
$354.70 Million |
|
Jash Engineering Limited
NSE:JASH
|
$354.73 Million |
|
Kartonsan Karton Sanayi ve Ticaret AS
IS:KARTN
|
$354.44 Million |
|
Zhongfu Information Inc
SHE:300659
|
$354.36 Million |
|
Wuxi Hodgen Technology Co Ltd
SHE:300279
|
$354.27 Million |
|
Sappi Ltd
JSE:SAP
|
$354.25 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 2024 to 2025, total equity changed from 1,277,668,066 to 1,317,786,249, a change of 40,118,183 (3.1%).
- Net income of 57,434,241 contributed positively to equity growth.
- Dividend payments of 49,397,709 reduced retained earnings.
- Other comprehensive income decreased equity by 1,675,284.
- Other factors increased equity by 33,756,935.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥57.43 Million | +4.36% |
| Dividends Paid | CN¥49.40 Million | -3.75% |
| Other Comprehensive Income | CN¥-1.68 Million | -0.13% |
| Other Changes | CN¥33.76 Million | +2.56% |
| Total Change | CN¥- | 3.14% |
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: 1.84x
- 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 2.74x to 1.84x 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¥8.87 | x |
| 2012-12-31 | CN¥3.25 | CN¥8.87 | x |
| 2013-12-31 | CN¥1.95 | CN¥8.87 | x |
| 2014-12-31 | CN¥2.11 | CN¥8.87 | x |
| 2015-12-31 | CN¥2.34 | CN¥8.87 | x |
| 2016-12-31 | CN¥2.64 | CN¥8.87 | x |
| 2017-12-31 | CN¥3.41 | CN¥8.87 | x |
| 2018-12-31 | CN¥3.45 | CN¥8.87 | x |
| 2019-12-31 | CN¥3.36 | CN¥8.87 | x |
| 2020-12-31 | CN¥3.49 | CN¥8.87 | x |
| 2021-12-31 | CN¥3.56 | CN¥8.87 | x |
| 2022-12-31 | CN¥4.02 | CN¥8.87 | x |
| 2023-12-31 | CN¥4.56 | CN¥8.87 | x |
| 2024-12-31 | CN¥4.68 | CN¥8.87 | x |
| 2025-12-31 | CN¥4.83 | CN¥8.87 | 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): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.75%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.50x
- Recent ROE (4.36%) is below the historical average (8.81%), 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 | 13.86% | 12.62% | 0.87x | 1.26x | CN¥13.98 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 | -6.26% | -4.50% | 0.51x | 2.73x | CN¥-146.15 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¥-559.09K |
| 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 |
| 2025 | 4.36% | 2.75% | 0.63x | 2.50x | CN¥-74.34 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: $3,249,636,164
- Average return on equity (ROE) among peers: 6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clenergy Xiamen Technology Co Ltd (603628) | CN¥1.33 Billion | 24.74% | 1.42x | $354.48 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $2.88 Billion | 3.08% | 1.20x | $717.49 Million |
| JA Solar Technology Co Ltd (002459) | $235.47 Million | 24.95% | 2.73x | $3.44 Billion |
| GCL System Integration Technology Co Ltd (002506) | $3.58 Billion | 17.82% | 3.13x | $2.06 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.07 Billion | 2.97% | 0.11x | $378.56 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $3.66 Billion | -38.68% | 3.48x | $1.39 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $166.69 Million | 46.04% | 0.94x | $945.76 Million |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $634.05 Million |
| Risen Energy (300118) | $15.23 Billion | 8.95% | 2.56x | $1.55 Billion |
| Lingda Group Co Ltd (300125) | $60.30 Million | 46.50% | 4.10x | $743.43 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $4.10 Billion | -20.89% | 3.05x | $881.74 Million |
About 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