Skshu Paint Co Ltd
SKSHU Paint Co.,Ltd. produces and sells architectural coatings, waterproof materials, floor materials, thermal insulation materials and thermal insulation integration in China. The company offers art paint, standard latex paint, gold stone, etc.; as well as interior and exterior wall paint, such as multi-color paint, real stone paint, permanent color stone, inorganic paint, heat reflective insula… Read more
Skshu Paint Co Ltd (603737) - Net Assets
Latest net assets as of September 2025: CN¥3.44 Billion CNY
Based on the latest financial reports, Skshu Paint Co Ltd (603737) has net assets worth CN¥3.44 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¥14.19 Billion) and total liabilities (CN¥10.76 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¥3.44 Billion |
| % of Total Assets | 24.21% |
| Annual Growth Rate | 19.69% |
| 5-Year Change | 12.0% |
| 10-Year Change | 442.15% |
| Growth Volatility | 21.62 |
Skshu Paint Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Skshu Paint 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 Skshu Paint Co Ltd (2011–2024)
The table below shows the annual net assets of Skshu Paint Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.97 Billion | +9.91% |
| 2023-12-31 | CN¥2.70 Billion | +9.31% |
| 2022-12-31 | CN¥2.47 Billion | +14.33% |
| 2021-12-31 | CN¥2.16 Billion | -18.47% |
| 2020-12-31 | CN¥2.65 Billion | +44.46% |
| 2019-12-31 | CN¥1.84 Billion | +37.53% |
| 2018-12-31 | CN¥1.34 Billion | +19.33% |
| 2017-12-31 | CN¥1.12 Billion | +14.55% |
| 2016-12-31 | CN¥976.90 Million | +78.25% |
| 2015-12-31 | CN¥548.05 Million | +18.49% |
| 2014-12-31 | CN¥462.55 Million | +14.24% |
| 2013-12-31 | CN¥404.88 Million | +20.92% |
| 2012-12-31 | CN¥334.84 Million | +16.63% |
| 2011-12-31 | CN¥287.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skshu Paint 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 770.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.57 Billion | 58.46% |
| Common Stock | CN¥527.01 Million | 19.62% |
| Other Comprehensive Income | CN¥186.54 Million | 6.94% |
| Other Components | CN¥402.19 Million | 14.97% |
| Total Equity | CN¥2.69 Billion | 100.00% |
Skshu Paint Co Ltd Competitors by Market Cap
The table below lists competitors of Skshu Paint Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Netwealth Group Ltd
AU:NWL
|
$1.53 Billion |
|
Avicopter PLC
SHG:600038
|
$1.53 Billion |
|
KENON HLDGS LTD
F:76N
|
$1.53 Billion |
|
Calibre Mining Corp
OTCQX:CXBMF
|
$1.53 Billion |
|
Stellar Bancorp, Inc.
NYSE:STEL
|
$1.53 Billion |
|
Zhongrun Resources Investment
SHE:000506
|
$1.53 Billion |
|
Landis+Gyr Group AG
OTCGREY:LGYRF
|
$1.53 Billion |
|
ISA ENERGIA BRASIL
SA:ISAE3
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skshu Paint Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,445,670,743 to 2,685,997,217, a change of 240,326,474 (9.8%).
- Net income of 331,939,082 contributed positively to equity growth.
- Dividend payments of 278,864,394 reduced retained earnings.
- Share repurchases of 221,072,629 reduced equity.
- Other comprehensive income increased equity by 20,629,474.
- Other factors increased equity by 387,694,941.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥331.94 Million | +12.36% |
| Dividends Paid | CN¥278.86 Million | -10.38% |
| Share Repurchases | CN¥221.07 Million | -8.23% |
| Other Comprehensive Income | CN¥20.63 Million | +0.77% |
| Other Changes | CN¥387.69 Million | +14.43% |
| Total Change | CN¥- | 9.83% |
Book Value vs Market Value Analysis
This analysis compares Skshu Paint 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 64.71x 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 |
|---|---|---|---|
| 2011-12-31 | CN¥0.77 | CN¥49.91 | x |
| 2012-12-31 | CN¥0.90 | CN¥49.91 | x |
| 2013-12-31 | CN¥1.08 | CN¥49.91 | x |
| 2014-12-31 | CN¥1.24 | CN¥49.91 | x |
| 2015-12-31 | CN¥1.46 | CN¥49.91 | x |
| 2016-12-31 | CN¥2.18 | CN¥49.91 | x |
| 2017-12-31 | CN¥2.23 | CN¥49.91 | x |
| 2018-12-31 | CN¥2.60 | CN¥49.91 | x |
| 2019-12-31 | CN¥3.41 | CN¥49.91 | x |
| 2020-12-31 | CN¥4.76 | CN¥49.91 | x |
| 2021-12-31 | CN¥3.69 | CN¥49.91 | x |
| 2022-12-31 | CN¥4.31 | CN¥49.91 | x |
| 2023-12-31 | CN¥4.65 | CN¥49.91 | x |
| 2024-12-31 | CN¥5.10 | CN¥49.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skshu Paint 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): 12.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.74%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 5.21x
- Recent ROE (12.36%) is below the historical average (15.18%), 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 | 19.21% | 7.60% | 1.29x | 1.96x | CN¥26.45 Million |
| 2012 | 23.21% | 9.33% | 1.34x | 1.86x | CN¥44.25 Million |
| 2013 | 24.71% | 10.19% | 1.64x | 1.48x | CN¥59.55 Million |
| 2014 | 22.20% | 8.13% | 1.56x | 1.75x | CN¥56.41 Million |
| 2015 | 21.08% | 7.61% | 1.54x | 1.80x | CN¥60.70 Million |
| 2016 | 13.68% | 6.86% | 1.14x | 1.74x | CN¥35.97 Million |
| 2017 | 15.73% | 6.72% | 1.25x | 1.87x | CN¥64.07 Million |
| 2018 | 16.66% | 6.21% | 1.13x | 2.37x | CN¥88.95 Million |
| 2019 | 23.55% | 6.80% | 1.05x | 3.29x | CN¥233.65 Million |
| 2020 | 20.01% | 6.12% | 0.90x | 3.63x | CN¥250.96 Million |
| 2021 | -21.46% | -3.65% | 0.92x | 6.37x | CN¥-611.15 Million |
| 2022 | 14.50% | 2.91% | 0.82x | 6.05x | CN¥102.30 Million |
| 2023 | 7.10% | 1.39% | 0.88x | 5.78x | CN¥-71.03 Million |
| 2024 | 12.36% | 2.74% | 0.87x | 5.21x | CN¥63.34 Million |
Industry Comparison
This section compares Skshu Paint 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 |
|---|---|---|---|---|
| Skshu Paint Co Ltd (603737) | CN¥3.44 Billion | 19.21% | 3.13x | $1.53 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 |