Shanghai Putailai New Energy Technology Co.Ltd. (603659) - Net Assets
Based on the latest financial reports, Shanghai Putailai New Energy Technology Co.Ltd. (603659) has net assets worth CN¥22.28 Billion CNY (≈ $3.26 Billion 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¥49.17 Billion ≈ $7.19 Billion USD) and total liabilities (CN¥26.89 Billion ≈ $3.93 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 603659 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥22.28 Billion |
| % of Total Assets | 45.32% |
| Annual Growth Rate | 51.44% |
| 5-Year Change | 113.26% |
| 10-Year Change | 2181.12% |
| Growth Volatility | 58.86 |
Shanghai Putailai New Energy Technology Co.Ltd. - Net Assets Trend (2013–2025)
This chart illustrates how Shanghai Putailai New Energy Technology Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. See Shanghai Putailai New Energy Technology liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Putailai New Energy Technology Co.Ltd. (2013–2025)
The table below shows the annual net assets of Shanghai Putailai New Energy Technology Co.Ltd. from 2013 to 2025. For live valuation and market cap data, see 603659 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥22.75 Billion ≈ $3.33 Billion |
+16.44% |
| 2024-12-31 | CN¥19.54 Billion ≈ $2.86 Billion |
+4.33% |
| 2023-12-31 | CN¥18.73 Billion ≈ $2.74 Billion |
+34.08% |
| 2022-12-31 | CN¥13.97 Billion ≈ $2.04 Billion |
+30.93% |
| 2021-12-31 | CN¥10.67 Billion ≈ $1.56 Billion |
+19.67% |
| 2020-12-31 | CN¥8.92 Billion ≈ $1.30 Billion |
+144.62% |
| 2019-12-31 | CN¥3.64 Billion ≈ $533.32 Million |
+16.77% |
| 2018-12-31 | CN¥3.12 Billion ≈ $456.73 Million |
+22.25% |
| 2017-12-31 | CN¥2.55 Billion ≈ $373.61 Million |
+155.96% |
| 2016-12-31 | CN¥997.47 Million ≈ $145.96 Million |
+55.01% |
| 2015-12-31 | CN¥643.51 Million ≈ $94.17 Million |
+176.70% |
| 2014-12-31 | CN¥232.57 Million ≈ $34.03 Million |
+48.69% |
| 2013-12-31 | CN¥156.41 Million ≈ $22.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Putailai New Energy 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 157581.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.28 Billion | 50.31% |
| Common Stock | CN¥2.14 Billion | 10.46% |
| Other Comprehensive Income | CN¥793.31 Million | 3.88% |
| Other Components | CN¥7.22 Billion | 35.35% |
| Total Equity | CN¥20.43 Billion | 100.00% |
Shanghai Putailai New Energy Technology Co.Ltd. Competitors by Market Cap
The table below lists competitors of Shanghai Putailai New Energy Technology Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAVA Group, Inc.
NYSE:CAVA
|
$9.31 Billion |
|
CITIC Securities Company Limited
F:CI9
|
$9.31 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$9.31 Billion |
|
Chart Industries Inc
NYSE:GTLS
|
$9.32 Billion |
|
ORIENT OVERSEAS INT.ADR/5
F:ORI
|
$9.30 Billion |
|
Futu Holdings Limited
F:6FHA
|
$9.26 Billion |
|
Equatorial Energia S.A
SA:EQTL3
|
$9.26 Billion |
|
MARKS SPENCER ADR LS-25
F:MA6A
|
$9.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Putailai New Energy Technology Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,387,096,048 to 20,433,598,297, a change of 2,046,502,249 (11.1%).
- Net income of 2,359,053,946 contributed positively to equity growth.
- Dividend payments of 592,453,248 reduced retained earnings.
- Other comprehensive income increased equity by 784,411,717.
- Other factors decreased equity by 504,510,166.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.36 Billion | +11.54% |
| Dividends Paid | CN¥592.45 Million | -2.9% |
| Other Comprehensive Income | CN¥784.41 Million | +3.84% |
| Other Changes | CN¥-504.51 Million | -2.47% |
| Total Change | CN¥- | 11.13% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Putailai New Energy 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: 3.06x
- 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 430.27x to 3.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.07 | CN¥29.68 | x |
| 2014-12-31 | CN¥0.11 | CN¥29.68 | x |
| 2015-12-31 | CN¥0.43 | CN¥29.68 | x |
| 2016-12-31 | CN¥0.67 | CN¥29.68 | x |
| 2017-12-31 | CN¥1.59 | CN¥29.68 | x |
| 2018-12-31 | CN¥1.66 | CN¥29.68 | x |
| 2019-12-31 | CN¥1.93 | CN¥29.68 | x |
| 2020-12-31 | CN¥4.97 | CN¥29.68 | x |
| 2021-12-31 | CN¥5.21 | CN¥29.68 | x |
| 2022-12-31 | CN¥6.68 | CN¥29.68 | x |
| 2023-12-31 | CN¥8.74 | CN¥29.68 | x |
| 2024-12-31 | CN¥8.65 | CN¥29.68 | x |
| 2025-12-31 | CN¥9.70 | CN¥29.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Putailai New Energy 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): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.02%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.26x
- Recent ROE (11.54%) is below the historical average (15.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.61% | 3.23% | 0.52x | 3.32x | CN¥-4.68 Million |
| 2014 | 16.15% | 5.32% | 0.98x | 3.11x | CN¥10.20 Million |
| 2015 | 15.43% | 10.76% | 0.82x | 1.75x | CN¥34.94 Million |
| 2016 | 35.46% | 21.09% | 0.86x | 1.95x | CN¥253.95 Million |
| 2017 | 18.42% | 20.04% | 0.52x | 1.77x | CN¥206.14 Million |
| 2018 | 20.43% | 17.95% | 0.50x | 2.29x | CN¥303.42 Million |
| 2019 | 19.10% | 13.57% | 0.59x | 2.38x | CN¥310.13 Million |
| 2020 | 7.49% | 12.64% | 0.36x | 1.63x | CN¥-223.78 Million |
| 2021 | 16.68% | 19.44% | 0.42x | 2.05x | CN¥700.06 Million |
| 2022 | 23.07% | 20.08% | 0.43x | 2.65x | CN¥1.76 Billion |
| 2023 | 10.75% | 12.46% | 0.35x | 2.46x | CN¥134.15 Million |
| 2024 | 6.48% | 8.85% | 0.32x | 2.29x | CN¥-648.09 Million |
| 2025 | 11.54% | 15.02% | 0.34x | 2.26x | CN¥315.69 Million |
Industry Comparison
This section compares Shanghai Putailai New Energy Technology Co.Ltd.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,291,737,616
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Putailai New Energy Technology Co.Ltd. (603659) | CN¥22.28 Billion | 5.61% | 1.21x | $9.31 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.24 Billion | -2.81% | 0.24x | $406.70 Million |
| Hengyi Petrochemical Co Ltd (000703) | $22.27 Billion | 8.41% | 1.68x | $6.74 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $843.14 Million | 4.29% | 1.17x | $771.60 Million |
| Luxi Chemical Group Co Ltd (000830) | $979.59 Million | 7.26% | 1.13x | $3.62 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.47 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $73.77 Million | 36.72% | 1.77x | $1.52 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.71 Billion | 7.45% | 2.19x | $1.32 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $76.39 Million | 0.00% | 0.50x | $790.47 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.02 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $483.61 Million |
About Shanghai Putailai New Energy Technology Co.Ltd.
Shanghai Putailai New Energy Technology Group Co.,Ltd., together with its subsidiaries, engages in the development and sale of materials of lithium-ion batteries and automation equipment in China and internationally. The company offers anode materials and graphitization; as well as ceramic and PVDF coating, fluoropolymer coating, ceramic and PVDF hybrid coated separators, ultra-thin ceramic coate… Read more