Sobute New Materials Co Ltd (603916) - Net Assets
Based on the latest financial reports, Sobute New Materials Co Ltd (603916) has net assets worth CN¥4.88 Billion CNY (≈ $714.65 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¥8.76 Billion ≈ $1.28 Billion USD) and total liabilities (CN¥3.88 Billion ≈ $567.06 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 how resilient are Sobute New Materials Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.88 Billion |
| % of Total Assets | 55.76% |
| Annual Growth Rate | 26.56% |
| 5-Year Change | 27.8% |
| 10-Year Change | 362.79% |
| Growth Volatility | 24.87 |
Sobute New Materials Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Sobute New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sobute New Materials Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sobute New Materials Co Ltd (2012–2024)
The table below shows the annual net assets of Sobute New Materials Co Ltd from 2012 to 2024. For live valuation and market cap data, see 603916 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.81 Billion ≈ $704.10 Million |
+2.10% |
| 2023-12-31 | CN¥4.71 Billion ≈ $689.59 Million |
+2.58% |
| 2022-12-31 | CN¥4.59 Billion ≈ $672.25 Million |
+7.70% |
| 2021-12-31 | CN¥4.27 Billion ≈ $624.18 Million |
+13.30% |
| 2020-12-31 | CN¥3.76 Billion ≈ $550.92 Million |
+43.27% |
| 2019-12-31 | CN¥2.63 Billion ≈ $384.54 Million |
+25.52% |
| 2018-12-31 | CN¥2.09 Billion ≈ $306.36 Million |
+11.32% |
| 2017-12-31 | CN¥1.88 Billion ≈ $275.21 Million |
+68.21% |
| 2016-12-31 | CN¥1.12 Billion ≈ $163.61 Million |
+7.54% |
| 2015-12-31 | CN¥1.04 Billion ≈ $152.14 Million |
+32.71% |
| 2014-12-31 | CN¥783.44 Million ≈ $114.64 Million |
+70.47% |
| 2013-12-31 | CN¥459.58 Million ≈ $67.25 Million |
+61.28% |
| 2012-12-31 | CN¥284.95 Million ≈ $41.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sobute New Materials 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 809.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.80 Billion | 42.24% |
| Common Stock | CN¥432.61 Million | 10.14% |
| Other Components | CN¥2.03 Billion | 47.62% |
| Total Equity | CN¥4.27 Billion | 100.00% |
Sobute New Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Sobute New Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minerva S.A
SA:BEEF3
|
$769.20 Million |
|
Eastman Kodak Co
NYSE:KODK
|
$769.27 Million |
|
Beijing Science Sun Pharmaceutical Co Ltd
SHE:300485
|
$769.67 Million |
|
Shanghai Amarsoft Information & Technolgy Co Ltd
SHE:300380
|
$769.80 Million |
|
Bestlink Tech Co Ltd
SHG:603206
|
$769.05 Million |
|
Alok Industries Limited
NSE:ALOKINDS
|
$768.41 Million |
|
Jiangsu TongLin Electric Co.Ltd.
SHE:301168
|
$768.24 Million |
|
Hello Group Inc
NASDAQ:MOMO
|
$768.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sobute New Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,229,171,051 to 4,268,493,715, a change of 39,322,664 (0.9%).
- Net income of 95,881,061 contributed positively to equity growth.
- Dividend payments of 111,639,253 reduced retained earnings.
- Share repurchases of 1,628,200 reduced equity.
- Other factors increased equity by 56,709,056.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥95.88 Million | +2.25% |
| Dividends Paid | CN¥111.64 Million | -2.62% |
| Share Repurchases | CN¥1.63 Million | -0.04% |
| Other Changes | CN¥56.71 Million | +1.33% |
| Total Change | CN¥- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Sobute New Materials 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: 1.26x
- 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 3.11x to 1.26x 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¥3.96 | CN¥12.33 | x |
| 2013-12-31 | CN¥4.79 | CN¥12.33 | x |
| 2014-12-31 | CN¥3.98 | CN¥12.33 | x |
| 2015-12-31 | CN¥4.04 | CN¥12.33 | x |
| 2016-12-31 | CN¥4.04 | CN¥12.33 | x |
| 2017-12-31 | CN¥6.65 | CN¥12.33 | x |
| 2018-12-31 | CN¥5.70 | CN¥12.33 | x |
| 2019-12-31 | CN¥6.42 | CN¥12.33 | x |
| 2020-12-31 | CN¥8.24 | CN¥12.33 | x |
| 2021-12-31 | CN¥9.37 | CN¥12.33 | x |
| 2022-12-31 | CN¥9.47 | CN¥12.33 | x |
| 2023-12-31 | CN¥10.02 | CN¥12.33 | x |
| 2024-12-31 | CN¥9.79 | CN¥12.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sobute New Materials 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): 2.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.70%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.85x
- Recent ROE (2.25%) is below the historical average (14.13%), 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 | 37.86% | 8.51% | 1.00x | 4.44x | CN¥79.32 Million |
| 2013 | 40.38% | 11.55% | 1.10x | 3.17x | CN¥139.60 Million |
| 2014 | 2.93% | 1.33% | 0.81x | 2.73x | CN¥-55.37 Million |
| 2015 | 16.50% | 13.04% | 0.54x | 2.34x | CN¥67.53 Million |
| 2016 | 11.96% | 10.12% | 0.56x | 2.12x | CN¥21.81 Million |
| 2017 | 7.14% | 7.97% | 0.61x | 1.46x | CN¥-53.61 Million |
| 2018 | 12.87% | 11.59% | 0.66x | 1.70x | CN¥59.89 Million |
| 2019 | 14.82% | 10.72% | 0.66x | 2.09x | CN¥115.19 Million |
| 2020 | 12.73% | 12.07% | 0.57x | 1.85x | CN¥94.44 Million |
| 2021 | 13.56% | 11.78% | 0.60x | 1.93x | CN¥139.76 Million |
| 2022 | 6.87% | 7.76% | 0.48x | 1.85x | CN¥-131.19 Million |
| 2023 | 3.79% | 4.48% | 0.45x | 1.88x | CN¥-262.47 Million |
| 2024 | 2.25% | 2.70% | 0.45x | 1.85x | CN¥-330.97 Million |
Industry Comparison
This section compares Sobute New Materials Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,947,737,856
- Average return on equity (ROE) among peers: 5.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sobute New Materials Co Ltd (603916) | CN¥4.88 Billion | 37.86% | 0.79x | $769.15 Million |
| CSG Holding Co Ltd (000012) | $6.76 Billion | 21.53% | 0.84x | $1.16 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $1.32 Billion | 11.88% | 0.72x | $1.65 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $-18.75 Million | 0.00% | 0.00x | $2.05 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $2.33 Billion | 6.57% | 1.82x | $578.76 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $905.55 Million | 6.65% | 1.93x | $4.80 Billion |
| Sinostone Guangdong Co Ltd (001212) | $1.73 Billion | 1.76% | 0.35x | $1.63 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $929.49 Million | -14.56% | 2.32x | $775.48 Million |
| Guangdong Tapai Group Co Ltd (002233) | $3.82 Billion | 10.48% | 0.43x | $1.51 Billion |
| China West Construction Group Co Ltd (002302) | $955.12 Million | 8.30% | 0.52x | $1.03 Billion |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $736.36 Million | 2.86% | 1.12x | $482.71 Million |
About Sobute New Materials Co Ltd
Sobute New Materials Co., Ltd engages in the research, development, production, and sale of concrete admixtures in Mainland China and internationally. The company offers water reducer, superplasticizer, crack control material, durability enhancing material, high-performance cementitious material, and superplasticizer additives; and special concrete, traffic engineering materials, and waterproof r… Read more