Skshu Paint Co Ltd (603737) - Net Assets
Based on the latest financial reports, Skshu Paint Co Ltd (603737) has net assets worth CN¥3.33 Billion CNY (≈ $487.94 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¥13.11 Billion ≈ $1.92 Billion USD) and total liabilities (CN¥9.77 Billion ≈ $1.43 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. Also explore 603737 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.33 Billion |
| % of Total Assets | 25.44% |
| Annual Growth Rate | 18.87% |
| 5-Year Change | 49.35% |
| 10-Year Change | 230.7% |
| Growth Volatility | 21.09 |
Skshu Paint Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Skshu Paint Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 603737 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Skshu Paint Co Ltd (2011–2025)
The table below shows the annual net assets of Skshu Paint Co Ltd from 2011 to 2025. For live valuation and market cap data, see 603737 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.23 Billion ≈ $472.73 Million |
+8.73% |
| 2024-12-31 | CN¥2.97 Billion ≈ $434.79 Million |
+9.91% |
| 2023-12-31 | CN¥2.70 Billion ≈ $395.59 Million |
+9.31% |
| 2022-12-31 | CN¥2.47 Billion ≈ $361.90 Million |
+14.33% |
| 2021-12-31 | CN¥2.16 Billion ≈ $316.53 Million |
-18.47% |
| 2020-12-31 | CN¥2.65 Billion ≈ $388.21 Million |
+44.46% |
| 2019-12-31 | CN¥1.84 Billion ≈ $268.73 Million |
+37.53% |
| 2018-12-31 | CN¥1.34 Billion ≈ $195.40 Million |
+19.33% |
| 2017-12-31 | CN¥1.12 Billion ≈ $163.75 Million |
+14.55% |
| 2016-12-31 | CN¥976.90 Million ≈ $142.95 Million |
+78.25% |
| 2015-12-31 | CN¥548.05 Million ≈ $80.20 Million |
+18.49% |
| 2014-12-31 | CN¥462.55 Million ≈ $67.68 Million |
+14.24% |
| 2013-12-31 | CN¥404.88 Million ≈ $59.25 Million |
+20.92% |
| 2012-12-31 | CN¥334.84 Million ≈ $49.00 Million |
+16.63% |
| 2011-12-31 | CN¥287.11 Million ≈ $42.01 Million |
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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 877.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.76 Billion | 60.97% |
| Other Components | CN¥1.13 Billion | 39.03% |
| Total Equity | CN¥2.89 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 |
|---|---|
|
Xiamen Intretech Inc Class A
SHE:002925
|
$2.34 Billion |
|
Zhongshan Public Utilities Group Co Ltd
SHE:000685
|
$2.35 Billion |
|
10X Genomics Inc
NASDAQ:TXG
|
$2.35 Billion |
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
$2.35 Billion |
|
CESC Limited
NSE:CESC
|
$2.34 Billion |
|
Dongyue Group Limited
F:4D3
|
$2.34 Billion |
|
TISCO Financial Group Public Company Limited
F:47TA
|
$2.34 Billion |
|
The Ramco Cements Limited
NSE:RAMCOCEM
|
$2.34 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 2024 to 2025, total equity changed from 2,685,997,217 to 2,893,622,683, a change of 207,625,466 (7.7%).
- Net income of 774,909,489 contributed positively to equity growth.
- Dividend payments of 667,286,943 reduced retained earnings.
- Other comprehensive income decreased equity by 186,535,610.
- Other factors increased equity by 286,538,530.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥774.91 Million | +26.78% |
| Dividends Paid | CN¥667.29 Million | -23.06% |
| Other Comprehensive Income | CN¥-186.54 Million | -6.45% |
| Other Changes | CN¥286.54 Million | +9.9% |
| Total Change | CN¥- | 7.73% |
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: 5.53x
- 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 28.13x to 5.53x 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¥21.70 | x |
| 2012-12-31 | CN¥0.90 | CN¥21.70 | x |
| 2013-12-31 | CN¥1.08 | CN¥21.70 | x |
| 2014-12-31 | CN¥1.24 | CN¥21.70 | x |
| 2015-12-31 | CN¥1.46 | CN¥21.70 | x |
| 2016-12-31 | CN¥2.18 | CN¥21.70 | x |
| 2017-12-31 | CN¥2.23 | CN¥21.70 | x |
| 2018-12-31 | CN¥2.60 | CN¥21.70 | x |
| 2019-12-31 | CN¥3.41 | CN¥21.70 | x |
| 2020-12-31 | CN¥4.76 | CN¥21.70 | x |
| 2021-12-31 | CN¥3.69 | CN¥21.70 | x |
| 2022-12-31 | CN¥4.31 | CN¥21.70 | x |
| 2023-12-31 | CN¥4.65 | CN¥21.70 | x |
| 2024-12-31 | CN¥5.10 | CN¥21.70 | x |
| 2025-12-31 | CN¥3.92 | CN¥21.70 | 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): 26.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.19%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 4.62x
- Recent ROE (26.78%) is above the historical average (15.95%), indicating improving 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 |
| 2025 | 26.78% | 6.19% | 0.94x | 4.62x | CN¥485.55 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: $4,259,788,204
- Average return on equity (ROE) among peers: 9.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skshu Paint Co Ltd (603737) | CN¥3.33 Billion | 19.21% | 2.93x | $2.34 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $672.68 Million | 30.27% | 1.18x | $333.10 Million |
| Hengyi Petrochemical Co Ltd (000703) | $30.73 Billion | 0.76% | 2.50x | $7.93 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $525.05 Million | 9.26% | 1.32x | $606.83 Million |
| Luxi Chemical Group Co Ltd (000830) | $188.46 Million | 36.01% | 1.38x | $3.45 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $1.09 Billion | 2.57% | 1.98x | $7.39 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $508.02 Million | 9.97% | 0.55x | $953.17 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.79 Billion | 5.66% | 2.30x | $1.22 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $629.45 Million |
| Zhejiang Transfar Co Ltd (002010) | $2.84 Billion | 8.64% | 1.11x | $1.80 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.93 Billion | -22.62% | 4.65x | $413.52 Million |
About 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