Suzhou Xingye Material Tech (603928) - Net Assets
Based on the latest financial reports, Suzhou Xingye Material Tech (603928) has net assets worth CN¥1.61 Billion CNY (≈ $236.25 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¥2.02 Billion ≈ $295.58 Million USD) and total liabilities (CN¥405.49 Million ≈ $59.34 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 603928 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.61 Billion |
| % of Total Assets | 79.93% |
| Annual Growth Rate | 11.62% |
| 5-Year Change | 3.86% |
| 10-Year Change | 51.92% |
| Growth Volatility | 23.13 |
Suzhou Xingye Material Tech - Net Assets Trend (2011–2025)
This chart illustrates how Suzhou Xingye Material Tech's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Suzhou Xingye Material Tech to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Suzhou Xingye Material Tech (2011–2025)
The table below shows the annual net assets of Suzhou Xingye Material Tech from 2011 to 2025. For live valuation and market cap data, see market cap of Suzhou Xingye Material Tech.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.58 Billion ≈ $231.44 Million |
+4.41% |
| 2024-12-31 | CN¥1.51 Billion ≈ $221.66 Million |
-0.89% |
| 2023-12-31 | CN¥1.53 Billion ≈ $223.64 Million |
+2.56% |
| 2022-12-31 | CN¥1.49 Billion ≈ $218.06 Million |
-2.15% |
| 2021-12-31 | CN¥1.52 Billion ≈ $222.85 Million |
+8.76% |
| 2020-12-31 | CN¥1.40 Billion ≈ $204.90 Million |
+6.01% |
| 2019-12-31 | CN¥1.32 Billion ≈ $193.28 Million |
+6.50% |
| 2018-12-31 | CN¥1.24 Billion ≈ $181.49 Million |
+9.15% |
| 2017-12-31 | CN¥1.14 Billion ≈ $166.28 Million |
+9.15% |
| 2016-12-31 | CN¥1.04 Billion ≈ $152.34 Million |
+94.74% |
| 2015-12-31 | CN¥534.59 Million ≈ $78.23 Million |
+12.51% |
| 2014-12-31 | CN¥475.16 Million ≈ $69.53 Million |
+10.22% |
| 2013-12-31 | CN¥431.10 Million ≈ $63.08 Million |
+7.34% |
| 2012-12-31 | CN¥401.61 Million ≈ $58.77 Million |
+18.31% |
| 2011-12-31 | CN¥339.46 Million ≈ $49.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Suzhou Xingye Material Tech'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 3382.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥692.64 Million | 43.79% |
| Other Components | CN¥888.96 Million | 56.21% |
| Total Equity | CN¥1.58 Billion | 100.00% |
Suzhou Xingye Material Tech Competitors by Market Cap
The table below lists competitors of Suzhou Xingye Material Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Gold Phoenix Co Ltd
SHG:603586
|
$437.22 Million |
|
GWA Group Ltd
AU:GWA
|
$437.22 Million |
|
Forth Corporation Public Company Limited
BK:FORTH
|
$437.32 Million |
|
KAISA JiaYun Technology Inc
SHE:300242
|
$437.35 Million |
|
ideaForge Technology Limited
NSE:IDEAFORGE
|
$437.07 Million |
|
Aerostar Bacau
RO:ARS
|
$437.07 Million |
|
LB Foster Company
NASDAQ:FSTR
|
$436.75 Million |
|
Hunan Hansen Pharmaceutical Co Ltd
SHE:002412
|
$436.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Xingye Material Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,514,784,076 to 1,581,602,967, a change of 66,818,891 (4.4%).
- Net income of 101,538,171 contributed positively to equity growth.
- Dividend payments of 41,974,067 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥101.54 Million | +6.42% |
| Dividends Paid | CN¥41.97 Million | -2.65% |
| Other Changes | CN¥7.25 Million | +0.46% |
| Total Change | CN¥- | 4.41% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Xingye Material Tech'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: 1.89x
- 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 5.03x to 1.89x 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¥2.27 | CN¥11.40 | x |
| 2012-12-31 | CN¥2.65 | CN¥11.40 | x |
| 2013-12-31 | CN¥2.20 | CN¥11.40 | x |
| 2014-12-31 | CN¥2.43 | CN¥11.40 | x |
| 2015-12-31 | CN¥2.72 | CN¥11.40 | x |
| 2016-12-31 | CN¥5.28 | CN¥11.40 | x |
| 2017-12-31 | CN¥4.32 | CN¥11.40 | x |
| 2018-12-31 | CN¥4.70 | CN¥11.40 | x |
| 2019-12-31 | CN¥5.06 | CN¥11.40 | x |
| 2020-12-31 | CN¥5.30 | CN¥11.40 | x |
| 2021-12-31 | CN¥5.78 | CN¥11.40 | x |
| 2022-12-31 | CN¥5.72 | CN¥11.40 | x |
| 2023-12-31 | CN¥5.84 | CN¥11.40 | x |
| 2024-12-31 | CN¥5.61 | CN¥11.40 | x |
| 2025-12-31 | CN¥6.03 | CN¥11.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Xingye Material Tech 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.36%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.25x
- Recent ROE (6.42%) is below the historical average (11.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 21.62% | 7.78% | 1.48x | 1.88x | CN¥39.45 Million |
| 2012 | 15.44% | 8.35% | 1.35x | 1.37x | CN¥21.87 Million |
| 2013 | 17.10% | 8.92% | 1.28x | 1.50x | CN¥30.60 Million |
| 2014 | 18.64% | 9.63% | 1.49x | 1.30x | CN¥41.05 Million |
| 2015 | 20.36% | 13.34% | 1.22x | 1.25x | CN¥55.38 Million |
| 2016 | 9.91% | 12.57% | 0.68x | 1.15x | CN¥-914.93K |
| 2017 | 11.92% | 10.56% | 0.90x | 1.25x | CN¥21.86 Million |
| 2018 | 11.78% | 9.72% | 0.93x | 1.30x | CN¥22.13 Million |
| 2019 | 10.04% | 10.28% | 0.84x | 1.17x | CN¥525.81K |
| 2020 | 8.56% | 8.20% | 0.89x | 1.17x | CN¥-20.23 Million |
| 2021 | 8.51% | 6.57% | 1.04x | 1.24x | CN¥-22.62 Million |
| 2022 | 7.80% | 6.50% | 0.89x | 1.35x | CN¥-32.77 Million |
| 2023 | 4.97% | 5.06% | 0.82x | 1.20x | CN¥-76.89 Million |
| 2024 | 2.67% | 2.73% | 0.86x | 1.14x | CN¥-110.96 Million |
| 2025 | 6.42% | 6.36% | 0.81x | 1.25x | CN¥-56.62 Million |
Industry Comparison
This section compares Suzhou Xingye Material Tech's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Xingye Material Tech (603928) | CN¥1.61 Billion | 21.62% | 0.25x | $437.20 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About Suzhou Xingye Material Tech
Suzhou Xingye Materials Technology Co.,Ltd. engages in the research, development, production, sale, and technical servicing of foundry functional new materials in China. It offers self-hardening furan resin, cold box resin, phenolic resin, inorganic binders, coating, smelting materials, foam ceramic filter, riser, and auxiliary materials. Suzhou Xingye Materials Technology Co.,Ltd. was founded in… Read more