Red Avenue New Materials Group Co Ltd (603650) - Net Assets
Based on the latest financial reports, Red Avenue New Materials Group Co Ltd (603650) has net assets worth CN¥4.41 Billion CNY (≈ $644.61 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¥9.62 Billion ≈ $1.41 Billion USD) and total liabilities (CN¥5.21 Billion ≈ $762.93 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 Red Avenue New Materials Group Co Ltd assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.41 Billion |
| % of Total Assets | 45.8% |
| Annual Growth Rate | 20.65% |
| 5-Year Change | 49.77% |
| 10-Year Change | 315.05% |
| Growth Volatility | 45.13 |
Red Avenue New Materials Group Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Red Avenue New Materials Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Red Avenue New Materials Group Co Ltd (603650) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Red Avenue New Materials Group Co Ltd (2014–2025)
The table below shows the annual net assets of Red Avenue New Materials Group Co Ltd from 2014 to 2025. For live valuation and market cap data, see Red Avenue New Materials Group Co Ltd (603650) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.26 Billion ≈ $623.18 Million |
+23.11% |
| 2024-12-31 | CN¥3.46 Billion ≈ $506.21 Million |
-1.30% |
| 2023-12-31 | CN¥3.50 Billion ≈ $512.88 Million |
+11.55% |
| 2022-12-31 | CN¥3.14 Billion ≈ $459.79 Million |
+10.51% |
| 2021-12-31 | CN¥2.84 Billion ≈ $416.08 Million |
+8.83% |
| 2020-12-31 | CN¥2.61 Billion ≈ $382.33 Million |
+8.17% |
| 2019-12-31 | CN¥2.42 Billion ≈ $353.46 Million |
+4.63% |
| 2018-12-31 | CN¥2.31 Billion ≈ $337.81 Million |
+92.72% |
| 2017-12-31 | CN¥1.20 Billion ≈ $175.28 Million |
+16.74% |
| 2016-12-31 | CN¥1.03 Billion ≈ $150.14 Million |
+141.56% |
| 2015-12-31 | CN¥424.76 Million ≈ $62.16 Million |
-21.37% |
| 2014-12-31 | CN¥540.20 Million ≈ $79.05 Million |
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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 868.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.93 Billion | 46.11% |
| Other Components | CN¥2.26 Billion | 53.89% |
| Total Equity | CN¥4.19 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 |
|---|---|
|
Shanghai 2345 Network Holding Group
SHE:002195
|
$5.82 Billion |
|
Paramount Skydance Corporation Class B Common Stock
NASDAQ:PSKY
|
$5.82 Billion |
|
Bruker Corporation
NASDAQ:BRKR
|
$5.82 Billion |
|
Eregli Demir ve Celik Fabrikalari TAS
IS:EREGL
|
$5.82 Billion |
|
The People's Insurance Company (Group) of China Limited
F:PIR
|
$5.82 Billion |
|
Flagstar Financial, Inc.
NYSE:FLG
|
$5.81 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZC
|
$5.81 Billion |
|
Vipshop Holdings Limited
F:1VPA
|
$5.81 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 2024 to 2025, total equity changed from 3,353,958,980 to 4,186,318,067, a change of 832,359,087 (24.8%).
- Net income of 562,549,730 contributed positively to equity growth.
- Dividend payments of 396,146,716 reduced retained earnings.
- Other factors increased equity by 665,956,073.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥562.55 Million | +13.44% |
| Dividends Paid | CN¥396.15 Million | -9.46% |
| Other Changes | CN¥665.96 Million | +15.91% |
| Total Change | CN¥- | 24.82% |
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: 9.50x
- 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 70.11x to 9.50x 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¥64.52 | x |
| 2015-12-31 | CN¥0.81 | CN¥64.52 | x |
| 2016-12-31 | CN¥1.99 | CN¥64.52 | x |
| 2017-12-31 | CN¥2.23 | CN¥64.52 | x |
| 2018-12-31 | CN¥4.08 | CN¥64.52 | x |
| 2019-12-31 | CN¥3.84 | CN¥64.52 | x |
| 2020-12-31 | CN¥4.18 | CN¥64.52 | x |
| 2021-12-31 | CN¥4.69 | CN¥64.52 | x |
| 2022-12-31 | CN¥5.00 | CN¥64.52 | x |
| 2023-12-31 | CN¥5.70 | CN¥64.52 | x |
| 2024-12-31 | CN¥5.63 | CN¥64.52 | x |
| 2025-12-31 | CN¥6.79 | CN¥64.52 | 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): 13.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.41%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.20x
- Recent ROE (13.44%) is below the historical average (17.89%), 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 |
| 2025 | 13.44% | 16.41% | 0.37x | 2.20x | CN¥143.92 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: $4,358,587,403
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Red Avenue New Materials Group Co Ltd (603650) | CN¥4.41 Billion | 31.03% | 1.18x | $5.82 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $777.61 Million | 18.59% | 0.36x | $369.90 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.34 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $767.58 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.56 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $1.06 Billion | 1.59% | 3.23x | $8.88 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $929.58 Million | 0.51% | 0.43x | $1.14 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.80 Billion | 5.49% | 0.90x | $1.28 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $691.11 Million |
| Zhejiang Transfar Co Ltd (002010) | $11.16 Billion | 4.94% | 0.30x | $1.95 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $457.55 Million | 6.71% | 0.32x | $544.51 Million |
About Red Avenue New Materials Group Co Ltd
Red Avenue New Materials Group Co., Ltd. engages in the research, development, production, processing, and sales of fine chemical raw materials, chemical products, rubber and plastic processing aids, accelerators, microelectronic materials, and biodegradable plastic in China and internationally. The company offers resins, such as tackifying resin, P-tert-butyl Phenol formaldehyde tackifying resin… Read more