Csd Water Service Co Ltd (603903) - Net Assets

Latest as of September 2025: CN¥1.66 Billion CNY ≈ $243.11 Million USD

Based on the latest financial reports, Csd Water Service Co Ltd (603903) has net assets worth CN¥1.66 Billion CNY (≈ $243.11 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¥4.23 Billion ≈ $618.38 Million USD) and total liabilities (CN¥2.56 Billion ≈ $375.28 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 Csd Water Service Co Ltd (603903) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Csd Water Service Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Csd Water Service Co Ltd (603903) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥1.62 Billion ≈ $236.74 Million	-15.22%
2023-12-31	CN¥1.91 Billion ≈ $279.26 Million	+6.59%
2022-12-31	CN¥1.79 Billion ≈ $261.99 Million	+36.14%
2021-12-31	CN¥1.32 Billion ≈ $192.44 Million	+12.99%
2020-12-31	CN¥1.16 Billion ≈ $170.32 Million	+12.55%
2019-12-31	CN¥1.03 Billion ≈ $151.33 Million	+18.52%
2018-12-31	CN¥872.54 Million ≈ $127.68 Million	+20.03%
2017-12-31	CN¥726.93 Million ≈ $106.37 Million	+64.31%
2016-12-31	CN¥442.40 Million ≈ $64.74 Million	+12.04%
2015-12-31	CN¥394.87 Million ≈ $57.78 Million	+45.95%
2014-12-31	CN¥270.56 Million ≈ $39.59 Million	+17.90%
2013-12-31	CN¥229.49 Million ≈ $33.58 Million	+132.75%
2012-12-31	CN¥98.60 Million ≈ $14.43 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
Panoro Energy ASA OL:PEN	$457.37 Million
Daodaoquan Grain and Oil Co Ltd SHE:002852	$457.53 Million
Golden Eagle Energy Tbk JK:SMMT	$457.58 Million
Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited F:GU5	$457.61 Million
Paslin Digital Technology Co Ltd SHG:600215	$457.30 Million
Nuveen Multi-Asset Income Fund NYSE:NMAI	$457.26 Million
Xinjiang International Industry Co Ltd SHE:000159	$457.21 Million
Guangdong Transtek Medical Electronics Co Ltd SHE:300562	$457.14 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 116,923,669 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: 2.05x
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 15.36x to 2.05x 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¥0.80	CN¥12.24	x
2013-12-31	CN¥1.69	CN¥12.24	x
2014-12-31	CN¥1.89	CN¥12.24	x
2015-12-31	CN¥2.61	CN¥12.24	x
2016-12-31	CN¥2.88	CN¥12.24	x
2017-12-31	CN¥3.82	CN¥12.24	x
2018-12-31	CN¥4.05	CN¥12.24	x
2019-12-31	CN¥4.45	CN¥12.24	x
2020-12-31	CN¥5.11	CN¥12.24	x
2021-12-31	CN¥5.78	CN¥12.24	x
2022-12-31	CN¥6.77	CN¥12.24	x
2023-12-31	CN¥6.96	CN¥12.24	x
2024-12-31	CN¥5.96	CN¥12.24	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: $3,067,859,741
Average return on equity (ROE) among peers: 8.50%

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	$457.30 Million
China Tianying Inc (000035)	$2.06 Billion	10.27%	1.91x	$2.28 Billion
HeiLongJiang Kingland Technology Co Ltd (000711)	$325.53 Million	-9.31%	0.66x	$2.06 Billion
BECE Legend Group Co Ltd (000803)	$152.97 Million	2.06%	0.80x	$599.78 Million
Tus-Sound Environmental Resources Co Ltd (000826)	$130.73 Million	28.96%	1.01x	$408.81 Million
Wangneng Environment Co Ltd (002034)	$424.84 Million	9.00%	0.73x	$1.11 Billion
Beijing Orient Landscape Co Ltd (002310)	$12.65 Billion	0.13%	2.35x	$2.69 Billion
GEM Co Ltd (002340)	$10.22 Billion	7.14%	1.44x	$6.83 Billion
Dongjiang Environmental Co Ltd (002672)	$2.45 Billion	8.50%	0.33x	$585.42 Million
Qiaoyin Environmental Tech Co Ltd (002973)	$462.58 Million	21.52%	0.41x	$752.89 Million
Tongxing Environmental Protection (003027)	$1.79 Billion	6.69%	0.51x	$453.74 Million

About Csd Water Service Co Ltd

SHG:603903 China Waste Management

Market Cap

$457.30 Million

CN¥3.13 Billion CNY

Market Cap Rank

#13000 Global

#4077 in China

Share Price

CN¥12.24

Change (1 day)

+3.55%

52-Week Range

CN¥6.98 - CN¥17.27

All Time High

CN¥159.84