Red Avenue New Materials Group Co Ltd
Red Avenue New Materials Group Co., Ltd. engages in the provision of new materials in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin, P-octyl Phenol formaldehyde tackifying resin, straight Phenol formaldehyde resin, tall oil modification Phenol formaldehyde resin, CNSL modified phenol formaldehyde reinforcing resin… Read more
Red Avenue New Materials Group Co Ltd (603650) - Net Assets
Latest net assets as of September 2025: CN¥3.64 Billion CNY
Based on the latest financial reports, Red Avenue New Materials Group Co Ltd (603650) has net assets worth CN¥3.64 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¥9.07 Billion) and total liabilities (CN¥5.43 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¥3.64 Billion |
| % of Total Assets | 40.15% |
| Annual Growth Rate | 20.4% |
| 5-Year Change | 32.4% |
| 10-Year Change | 714.42% |
| Growth Volatility | 47.31 |
Red Avenue New Materials Group Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Red Avenue New Materials Group 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 Red Avenue New Materials Group Co Ltd (2014–2024)
The table below shows the annual net assets of Red Avenue New Materials Group Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.46 Billion | -1.30% |
| 2023-12-31 | CN¥3.50 Billion | +11.55% |
| 2022-12-31 | CN¥3.14 Billion | +10.51% |
| 2021-12-31 | CN¥2.84 Billion | +8.83% |
| 2020-12-31 | CN¥2.61 Billion | +8.17% |
| 2019-12-31 | CN¥2.42 Billion | +4.63% |
| 2018-12-31 | CN¥2.31 Billion | +92.72% |
| 2017-12-31 | CN¥1.20 Billion | +16.74% |
| 2016-12-31 | CN¥1.03 Billion | +141.56% |
| 2015-12-31 | CN¥424.76 Million | -21.37% |
| 2014-12-31 | CN¥540.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Red Avenue New Materials Group 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 750.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.69 Billion | 50.51% |
| Common Stock | CN¥599.08 Million | 17.86% |
| Other Components | CN¥1.06 Billion | 31.63% |
| Total Equity | CN¥3.35 Billion | 100.00% |
Red Avenue New Materials Group Co Ltd Competitors by Market Cap
The table below lists competitors of Red Avenue New Materials Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZYMEWORKS DL-00001
F:ZA8
|
$1.52 Billion |
|
Sunstone Development Co Ltd
SHG:603612
|
$1.52 Billion |
|
Zhuzhou Kibing Group Co Ltd
SHG:601636
|
$1.53 Billion |
|
FinVolution Group
NYSE:FINV
|
$1.53 Billion |
|
Harbour Energy plc
PINK:PMOIF
|
$1.52 Billion |
|
China Great Wall Securities Co Ltd Class A
SHE:002939
|
$1.52 Billion |
|
CNNC Hua Yuan Titanium Dioxide Co Ltd
SHE:002145
|
$1.52 Billion |
|
Innergex Renewable Energy Inc.
PINK:INGXF
|
$1.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Avenue New Materials Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,407,989,794 to 3,353,958,980, a change of -54,030,814 (-1.6%).
- Net income of 516,772,716 contributed positively to equity growth.
- Dividend payments of 585,136,808 reduced retained earnings.
- Share repurchases of 110,727,333 reduced equity.
- Other factors increased equity by 125,060,611.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥516.77 Million | +15.41% |
| Dividends Paid | CN¥585.14 Million | -17.45% |
| Share Repurchases | CN¥110.73 Million | -3.3% |
| Other Changes | CN¥125.06 Million | +3.73% |
| Total Change | CN¥- | -1.59% |
Book Value vs Market Value Analysis
This analysis compares Red Avenue New Materials Group 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: 9.79x
- 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 59.86x to 9.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥0.92 | CN¥55.08 | x |
| 2015-12-31 | CN¥0.81 | CN¥55.08 | x |
| 2016-12-31 | CN¥1.99 | CN¥55.08 | x |
| 2017-12-31 | CN¥2.23 | CN¥55.08 | x |
| 2018-12-31 | CN¥4.08 | CN¥55.08 | x |
| 2019-12-31 | CN¥3.84 | CN¥55.08 | x |
| 2020-12-31 | CN¥4.18 | CN¥55.08 | x |
| 2021-12-31 | CN¥4.69 | CN¥55.08 | x |
| 2022-12-31 | CN¥5.00 | CN¥55.08 | x |
| 2023-12-31 | CN¥5.70 | CN¥55.08 | x |
| 2024-12-31 | CN¥5.63 | CN¥55.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Avenue New Materials Group 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): 15.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.80%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.51x
- Recent ROE (15.41%) is below the historical average (18.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 31.03% | 8.07% | 1.31x | 2.95x | CN¥97.78 Million |
| 2015 | 18.79% | 4.91% | 1.09x | 3.51x | CN¥35.84 Million |
| 2016 | 26.10% | 15.16% | 1.04x | 1.65x | CN¥162.06 Million |
| 2017 | 26.89% | 16.56% | 1.01x | 1.60x | CN¥197.79 Million |
| 2018 | 18.12% | 18.96% | 0.69x | 1.39x | CN¥184.77 Million |
| 2019 | 14.69% | 14.97% | 0.54x | 1.82x | CN¥105.61 Million |
| 2020 | 16.78% | 20.06% | 0.45x | 1.87x | CN¥165.79 Million |
| 2021 | 11.73% | 14.07% | 0.39x | 2.15x | CN¥48.28 Million |
| 2022 | 9.80% | 11.93% | 0.36x | 2.26x | CN¥-6.00 Million |
| 2023 | 11.93% | 13.81% | 0.40x | 2.15x | CN¥65.80 Million |
| 2024 | 15.41% | 15.80% | 0.39x | 2.51x | CN¥181.38 Million |
Industry Comparison
This section compares Red Avenue New Materials Group Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Red Avenue New Materials Group Co Ltd (603650) | CN¥3.64 Billion | 31.03% | 1.49x | $1.52 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |