Guangdong Songyang Recycle Resources Co Ltd (603863) - Net Assets
Based on the latest financial reports, Guangdong Songyang Recycle Resources Co Ltd (603863) has net assets worth CN¥366.88 Million CNY (≈ $53.69 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¥1.14 Billion ≈ $167.21 Million USD) and total liabilities (CN¥775.81 Million ≈ $113.52 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 603863 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥366.88 Million |
| % of Total Assets | 32.11% |
| Annual Growth Rate | 27.32% |
| 5-Year Change | -60.14% |
| 10-Year Change | 366.92% |
| Growth Volatility | 65.43 |
Guangdong Songyang Recycle Resources Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Guangdong Songyang Recycle Resources Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Songyang Recycle Resources Co balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Songyang Recycle Resources Co Ltd (2012–2024)
The table below shows the annual net assets of Guangdong Songyang Recycle Resources Co Ltd from 2012 to 2024. For live valuation and market cap data, see market value of Guangdong Songyang Recycle Resources Co .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥468.49 Million ≈ $68.55 Million |
-29.06% |
| 2023-12-31 | CN¥660.39 Million ≈ $96.64 Million |
-26.39% |
| 2022-12-31 | CN¥897.10 Million ≈ $131.27 Million |
-24.15% |
| 2021-12-31 | CN¥1.18 Billion ≈ $173.06 Million |
+0.63% |
| 2020-12-31 | CN¥1.18 Billion ≈ $171.97 Million |
+5.06% |
| 2019-12-31 | CN¥1.12 Billion ≈ $163.69 Million |
+95.44% |
| 2018-12-31 | CN¥572.36 Million ≈ $83.75 Million |
+19.88% |
| 2017-12-31 | CN¥477.45 Million ≈ $69.87 Million |
+115.20% |
| 2016-12-31 | CN¥221.86 Million ≈ $32.47 Million |
+121.12% |
| 2015-12-31 | CN¥100.34 Million ≈ $14.68 Million |
+176.67% |
| 2014-12-31 | CN¥36.27 Million ≈ $5.31 Million |
+19.75% |
| 2013-12-31 | CN¥30.28 Million ≈ $4.43 Million |
+17.25% |
| 2012-12-31 | CN¥25.83 Million ≈ $3.78 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Songyang Recycle Resources 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 decreased by 38486960844.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥204.65 Million | 43.97% |
| Other Comprehensive Income | CN¥89.58 Million | 19.25% |
| Other Components | CN¥560.04 Million | 120.33% |
| Total Equity | CN¥465.43 Million | 100.00% |
Guangdong Songyang Recycle Resources Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Songyang Recycle Resources Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goodluck India Limited
NSE:GOODLUCK
|
$516.08 Million |
|
Kailong High Technology Co. Ltd.
SHE:300912
|
$516.09 Million |
|
Zevra Therapeutics Inc.
NASDAQ:ZVRA
|
$516.25 Million |
|
Bridgewater Bancshares Inc
NASDAQ:BWB
|
$516.40 Million |
|
Bouvet
OL:BOUV
|
$515.96 Million |
|
Vietnam Construction and Import Export JSC
VN:VCG
|
$515.80 Million |
|
Veradigm Inc.
NASDAQ:MDRX
|
$515.71 Million |
|
Sinopec Shandong Taishan Petroleum Co Ltd
SHE:000554
|
$515.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Songyang Recycle Resources Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 659,645,336 to 465,426,816, a change of -194,218,520 (-29.4%).
- Net loss of 235,619,847 reduced equity.
- Dividend payments of 26,542,640 reduced retained earnings.
- Other comprehensive income increased equity by 89,577,663.
- Other factors decreased equity by 21,633,696.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-235.62 Million | -50.62% |
| Dividends Paid | CN¥26.54 Million | -5.7% |
| Other Comprehensive Income | CN¥89.58 Million | +19.25% |
| Other Changes | CN¥-21.63 Million | -4.65% |
| Total Change | CN¥- | -29.44% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Songyang Recycle Resources 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: 7.58x
- 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 19.88x to 7.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.87 | CN¥17.23 | x |
| 2013-12-31 | CN¥1.02 | CN¥17.23 | x |
| 2014-12-31 | CN¥1.21 | CN¥17.23 | x |
| 2015-12-31 | CN¥1.18 | CN¥17.23 | x |
| 2016-12-31 | CN¥1.87 | CN¥17.23 | x |
| 2017-12-31 | CN¥3.19 | CN¥17.23 | x |
| 2018-12-31 | CN¥3.68 | CN¥17.23 | x |
| 2019-12-31 | CN¥5.43 | CN¥17.23 | x |
| 2020-12-31 | CN¥5.70 | CN¥17.23 | x |
| 2021-12-31 | CN¥5.74 | CN¥17.23 | x |
| 2022-12-31 | CN¥4.38 | CN¥17.23 | x |
| 2023-12-31 | CN¥3.23 | CN¥17.23 | x |
| 2024-12-31 | CN¥2.27 | CN¥17.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Songyang Recycle Resources 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): -50.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.42%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.80x
- Recent ROE (-50.62%) is below the historical average (2.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.03% | 2.13% | 0.59x | 7.12x | CN¥-249.53K |
| 2013 | 14.71% | 3.11% | 0.74x | 6.39x | CN¥1.43 Million |
| 2014 | 16.49% | 3.70% | 0.85x | 5.24x | CN¥2.35 Million |
| 2015 | 33.13% | 10.22% | 1.13x | 2.86x | CN¥23.20 Million |
| 2016 | 24.04% | 14.23% | 0.61x | 2.78x | CN¥31.14 Million |
| 2017 | 14.41% | 14.99% | 0.70x | 1.37x | CN¥21.08 Million |
| 2018 | 16.58% | 15.79% | 0.70x | 1.49x | CN¥37.67 Million |
| 2019 | 8.05% | 15.44% | 0.45x | 1.17x | CN¥-21.82 Million |
| 2020 | 6.52% | 15.36% | 0.31x | 1.37x | CN¥-40.84 Million |
| 2021 | 0.75% | 1.49% | 0.32x | 1.56x | CN¥-109.32 Million |
| 2022 | -30.93% | -29.87% | 0.59x | 1.77x | CN¥-366.86 Million |
| 2023 | -35.92% | -35.61% | 0.45x | 2.25x | CN¥-302.90 Million |
| 2024 | -50.62% | -32.42% | 0.56x | 2.80x | CN¥-282.16 Million |
Industry Comparison
This section compares Guangdong Songyang Recycle Resources Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $4,292,276,679
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Songyang Recycle Resources Co Ltd (603863) | CN¥366.88 Million | 9.03% | 2.11x | $515.98 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $7.75 Billion | 7.78% | 1.65x | $571.94 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $830.34 Million | 4.06% | 4.59x | $1.95 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.40 Billion | 3.31% | 0.31x | $535.11 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $1.94 Billion | 4.26% | 0.89x | $1.12 Billion |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $10.82 Billion | 18.70% | 1.41x | $5.34 Billion |
| Xiamen Anne Corp Ltd (002235) | $487.19 Million | 0.86% | 0.68x | $873.54 Million |
| Qifeng New Material Co Ltd (002521) | $3.47 Billion | 4.61% | 0.36x | $651.54 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $14.35 Billion | 3.52% | 2.96x | $61.32 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $720.14 Million | 16.38% | 0.57x | $435.29 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $1.15 Billion | 11.75% | 0.45x | $1.38 Billion |
About Guangdong Songyang Recycle Resources Co Ltd
GuangDong SongYang Recycle Resources CO.,LTD engages in the research and development, production, and sale of recycled paper products in China. It offers white board paper, corrugated paper, and specialty paper. The company was formerly known as Shantou Songyang Paper Industry Co., Ltd. GuangDong SongYang Recycle Resources CO.,LTD was incorporated in 2008 and is headquartered in Shantou, China.