Sanxiang Advanced Materials (603663) - Net Assets
Based on the latest financial reports, Sanxiang Advanced Materials (603663) has net assets worth CN¥1.40 Billion CNY (≈ $205.14 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.15 Billion ≈ $313.89 Million USD) and total liabilities (CN¥743.18 Million ≈ $108.75 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. Check Sanxiang Advanced Materials (603663) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.40 Billion |
| % of Total Assets | 65.35% |
| Annual Growth Rate | 18.79% |
| 5-Year Change | 82.83% |
| 10-Year Change | 473.97% |
| Growth Volatility | 22.54 |
Sanxiang Advanced Materials - Net Assets Trend (2011–2024)
This chart illustrates how Sanxiang Advanced Materials's net assets have evolved over time, based on quarterly financial data. Also explore 603663 asset base for the complete picture of this company's asset base.
Annual Net Assets for Sanxiang Advanced Materials (2011–2024)
The table below shows the annual net assets of Sanxiang Advanced Materials from 2011 to 2024. For live valuation and market cap data, see Sanxiang Advanced Materials (603663) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.37 Billion ≈ $200.65 Million |
+2.07% |
| 2023-12-31 | CN¥1.34 Billion ≈ $196.57 Million |
+3.44% |
| 2022-12-31 | CN¥1.30 Billion ≈ $190.05 Million |
+9.35% |
| 2021-12-31 | CN¥1.19 Billion ≈ $173.80 Million |
+58.37% |
| 2020-12-31 | CN¥749.97 Million ≈ $109.74 Million |
+31.66% |
| 2019-12-31 | CN¥569.64 Million ≈ $83.36 Million |
-1.93% |
| 2018-12-31 | CN¥580.88 Million ≈ $85.00 Million |
+24.23% |
| 2017-12-31 | CN¥467.58 Million ≈ $68.42 Million |
+9.78% |
| 2016-12-31 | CN¥425.93 Million ≈ $62.33 Million |
+78.29% |
| 2015-12-31 | CN¥238.89 Million ≈ $34.96 Million |
+8.48% |
| 2014-12-31 | CN¥220.21 Million ≈ $32.22 Million |
+8.06% |
| 2013-12-31 | CN¥203.79 Million ≈ $29.82 Million |
+16.43% |
| 2012-12-31 | CN¥175.03 Million ≈ $25.61 Million |
+19.77% |
| 2011-12-31 | CN¥146.14 Million ≈ $21.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sanxiang Advanced Materials'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 1184.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥571.34 Million | 44.08% |
| Common Stock | CN¥423.46 Million | 32.67% |
| Other Components | CN¥301.42 Million | 23.25% |
| Total Equity | CN¥1.30 Billion | 100.00% |
Sanxiang Advanced Materials Competitors by Market Cap
The table below lists competitors of Sanxiang Advanced Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WD-40 Company
NASDAQ:WDFC
|
$2.84 Billion |
|
Synaptics Incorporated
NASDAQ:SYNA
|
$2.85 Billion |
|
Genting Malaysia Bhd
KLSE:4715
|
$2.85 Billion |
|
Mobimo Hldg
SW:MOBN
|
$2.85 Billion |
|
Spyre Therapeutics Inc.
NASDAQ:SYRE
|
$2.84 Billion |
|
Beijing Ultrapower Software
SHE:300002
|
$2.84 Billion |
|
Lerøy Seafood Group ASA
OL:LSG
|
$2.84 Billion |
|
Energi Mega Persada Tbk
JK:ENRG
|
$2.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanxiang Advanced Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,258,584,831 to 1,296,220,482, a change of 37,635,651 (3.0%).
- Net income of 75,764,946 contributed positively to equity growth.
- Dividend payments of 42,154,747 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥75.76 Million | +5.85% |
| Dividends Paid | CN¥42.15 Million | -3.25% |
| Other Changes | CN¥4.03 Million | +0.31% |
| Total Change | CN¥- | 2.99% |
Book Value vs Market Value Analysis
This analysis compares Sanxiang Advanced Materials'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: 14.90x
- 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 83.84x to 14.90x 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¥0.55 | CN¥45.90 | x |
| 2012-12-31 | CN¥0.67 | CN¥45.90 | x |
| 2013-12-31 | CN¥0.73 | CN¥45.90 | x |
| 2014-12-31 | CN¥0.79 | CN¥45.90 | x |
| 2015-12-31 | CN¥0.87 | CN¥45.90 | x |
| 2016-12-31 | CN¥1.35 | CN¥45.90 | x |
| 2017-12-31 | CN¥1.27 | CN¥45.90 | x |
| 2018-12-31 | CN¥1.42 | CN¥45.90 | x |
| 2019-12-31 | CN¥1.43 | CN¥45.90 | x |
| 2020-12-31 | CN¥1.75 | CN¥45.90 | x |
| 2021-12-31 | CN¥2.77 | CN¥45.90 | x |
| 2022-12-31 | CN¥2.86 | CN¥45.90 | x |
| 2023-12-31 | CN¥3.02 | CN¥45.90 | x |
| 2024-12-31 | CN¥3.08 | CN¥45.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanxiang Advanced Materials 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): 5.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.19%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.58x
- Recent ROE (5.85%) is below the historical average (13.87%), 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 | 37.94% | 12.90% | 1.39x | 2.12x | CN¥37.71 Million |
| 2012 | 16.86% | 7.59% | 1.45x | 1.53x | CN¥12.00 Million |
| 2013 | 17.49% | 11.02% | 1.15x | 1.38x | CN¥15.26 Million |
| 2014 | 13.78% | 9.85% | 1.10x | 1.27x | CN¥8.32 Million |
| 2015 | 13.85% | 11.94% | 0.93x | 1.25x | CN¥9.21 Million |
| 2016 | 9.23% | 14.16% | 0.57x | 1.14x | CN¥-3.26 Million |
| 2017 | 11.55% | 13.24% | 0.71x | 1.23x | CN¥7.25 Million |
| 2018 | 13.99% | 12.39% | 0.70x | 1.60x | CN¥21.15 Million |
| 2019 | 15.67% | 10.87% | 0.73x | 1.96x | CN¥29.93 Million |
| 2020 | 9.89% | 8.84% | 0.55x | 2.03x | CN¥-707.38K |
| 2021 | 9.28% | 12.73% | 0.51x | 1.42x | CN¥-7.83 Million |
| 2022 | 12.49% | 15.52% | 0.54x | 1.50x | CN¥30.05 Million |
| 2023 | 6.30% | 7.34% | 0.53x | 1.60x | CN¥-46.63 Million |
| 2024 | 5.85% | 7.19% | 0.51x | 1.58x | CN¥-53.86 Million |
Industry Comparison
This section compares Sanxiang Advanced Materials's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $757,076,135
- Average return on equity (ROE) among peers: 17.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sanxiang Advanced Materials (603663) | CN¥1.40 Billion | 37.94% | 0.53x | $2.84 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $132.89 Million | 13.77% | 0.98x | $508.22 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $9.61 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.24 Billion | 2.83% | 1.13x | $754.52 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.59 Billion | 8.19% | 3.36x | $4.71 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $92.67 Million | 58.60% | 2.88x | $8.64 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.21 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $98.99 Million | 29.63% | 2.11x | $1.62 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $583.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $516.04 Million | 15.39% | 0.20x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $790.80 Million | 14.23% | 1.34x | $604.70 Million |
About Sanxiang Advanced Materials
Sanxiang Advanced Materials Co., Ltd. engages in the manufacture and sale of fused zirconia, cast modified materials, and single crystal fused aluminum materials. The company offers monoclinic and stabilized zirconia, nano zirconium, sponge zirconium, zirconium oxychloride and tetrachloride, silicon tetrachloride, micro silica, cast modified materials, single crystal fused aluminum, silica fumes,… Read more