Csd Water Service Co Ltd
CSD Water Service Co., Ltd., together with its subsidiaries, provides environmental services in China. The company offers municipal, industrial, and urban sewage treatment; industrial parks and wastewater treatment; environmental governance; industrial park environmental; groundwater pollution remediation; management of water environment; and sludge treatment and disposal services. It also provid… Read more
Csd Water Service Co Ltd (603903) - Net Assets
Latest net assets as of September 2025: CN¥1.66 Billion CNY
Based on the latest financial reports, Csd Water Service Co Ltd (603903) has net assets worth CN¥1.66 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¥4.23 Billion) and total liabilities (CN¥2.56 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¥1.66 Billion |
| % of Total Assets | 39.31% |
| Annual Growth Rate | 26.26% |
| 5-Year Change | 39.0% |
| 10-Year Change | 309.71% |
| Growth Volatility | 36.41 |
Csd Water Service Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Csd Water Service 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 Csd Water Service Co Ltd (2012–2024)
The table below shows the annual net assets of Csd Water Service Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.62 Billion | -15.22% |
| 2023-12-31 | CN¥1.91 Billion | +6.59% |
| 2022-12-31 | CN¥1.79 Billion | +36.14% |
| 2021-12-31 | CN¥1.32 Billion | +12.99% |
| 2020-12-31 | CN¥1.16 Billion | +12.55% |
| 2019-12-31 | CN¥1.03 Billion | +18.52% |
| 2018-12-31 | CN¥872.54 Million | +20.03% |
| 2017-12-31 | CN¥726.93 Million | +64.31% |
| 2016-12-31 | CN¥442.40 Million | +12.04% |
| 2015-12-31 | CN¥394.87 Million | +45.95% |
| 2014-12-31 | CN¥270.56 Million | +17.90% |
| 2013-12-31 | CN¥229.49 Million | +132.75% |
| 2012-12-31 | CN¥98.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Csd Water Service 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 6367.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥628.41 Million | 41.45% |
| Common Stock | CN¥255.32 Million | 16.84% |
| Other Components | CN¥632.33 Million | 41.71% |
| Total Equity | CN¥1.52 Billion | 100.00% |
Csd Water Service Co Ltd Competitors by Market Cap
The table below lists competitors of Csd Water Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mandarin Oriental International Limited
PINK:MAORF
|
$256.85 Million |
|
RHI MAGNESITA INDIA LIMITED
NSE:RHIM
|
$256.92 Million |
|
Lesaka Technologies Inc
NASDAQ:LSAK
|
$256.93 Million |
|
Orion Engineered Carbons SA
NYSE:OEC
|
$257.04 Million |
|
Earth-Panda Advanced Magnetic Material Co Ltd
SHG:688077
|
$256.62 Million |
|
Sam Hwa Capaci
KO:001820
|
$256.49 Million |
|
Shibusawa Logistics Corporation
PINK:SWRHF
|
$256.39 Million |
|
BH Co Ltd
KQ:090460
|
$256.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Csd Water Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,776,245,856 to 1,516,068,423, a change of -260,177,433 (-14.6%).
- Net loss of 116,923,668 reduced equity.
- Dividend payments of 131,926,177 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-116.92 Million | -7.71% |
| Dividends Paid | CN¥131.93 Million | -8.7% |
| Other Changes | CN¥-11.33 Million | -0.75% |
| Total Change | CN¥- | -14.65% |
Book Value vs Market Value Analysis
This analysis compares Csd Water Service 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: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.32x to 2.00x 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¥0.69 | CN¥11.93 | x |
| 2013-12-31 | CN¥1.62 | CN¥11.93 | x |
| 2014-12-31 | CN¥1.89 | CN¥11.93 | x |
| 2015-12-31 | CN¥2.61 | CN¥11.93 | x |
| 2016-12-31 | CN¥2.88 | CN¥11.93 | x |
| 2017-12-31 | CN¥3.82 | CN¥11.93 | x |
| 2018-12-31 | CN¥4.05 | CN¥11.93 | x |
| 2019-12-31 | CN¥6.25 | CN¥11.93 | x |
| 2020-12-31 | CN¥5.11 | CN¥11.93 | x |
| 2021-12-31 | CN¥5.79 | CN¥11.93 | x |
| 2022-12-31 | CN¥6.77 | CN¥11.93 | x |
| 2023-12-31 | CN¥6.96 | CN¥11.93 | x |
| 2024-12-31 | CN¥5.96 | CN¥11.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Csd Water Service 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): -7.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.05%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.06x
- Recent ROE (-7.71%) is below the historical average (9.80%), 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 | 9.60% | 6.13% | 0.68x | 2.30x | CN¥-379.02K |
| 2013 | 11.81% | 11.15% | 0.64x | 1.66x | CN¥4.06 Million |
| 2014 | 14.88% | 11.39% | 0.69x | 1.90x | CN¥12.76 Million |
| 2015 | 11.73% | 13.74% | 0.47x | 1.81x | CN¥6.67 Million |
| 2016 | 10.79% | 11.43% | 0.50x | 1.88x | CN¥3.42 Million |
| 2017 | 8.68% | 11.75% | 0.39x | 1.88x | CN¥-9.48 Million |
| 2018 | 11.47% | 8.96% | 0.43x | 2.97x | CN¥11.88 Million |
| 2019 | 12.36% | 8.31% | 0.46x | 3.25x | CN¥21.20 Million |
| 2020 | 13.30% | 8.47% | 0.52x | 3.04x | CN¥34.17 Million |
| 2021 | 14.01% | 11.23% | 0.40x | 3.16x | CN¥47.03 Million |
| 2022 | 7.24% | 8.38% | 0.32x | 2.73x | CN¥-45.83 Million |
| 2023 | 9.20% | 10.22% | 0.33x | 2.76x | CN¥-14.24 Million |
| 2024 | -7.71% | -11.05% | 0.23x | 3.06x | CN¥-268.53 Million |
Industry Comparison
This section compares Csd Water Service Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $4,106,879,272
- Average return on equity (ROE) among peers: 14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Csd Water Service Co Ltd (603903) | CN¥1.66 Billion | 9.60% | 1.54x | $256.69 Million |
| China Tianying Inc (000035) | $220.73 Million | 7.84% | 0.98x | $1.59 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $289.23 Million | 13.01% | 0.03x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $433.08 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $185.66 Million | 25.40% | 0.88x | $387.20 Million |
| Wangneng Environment Co Ltd (002034) | $6.50 Billion | 9.27% | 1.22x | $468.80 Million |
| Beijing Orient Landscape Co Ltd (002310) | $9.44 Billion | 13.72% | 1.54x | $2.06 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $668.08 Million | 13.43% | 0.54x | $279.42 Million |
| Tongxing Environmental Protection (003027) | $424.42 Million | 32.76% | 0.86x | $177.45 Million |
| Beijing Originwater Technology (300070) | $23.11 Billion | 5.97% | 1.92x | $1.14 Billion |
| Yonker Environmental Protect (300187) | $82.81 Million | 25.36% | 2.22x | $230.88 Million |