Shenzhen Sunxing Light Alloys (603978) - Net Assets
Based on the latest financial reports, Shenzhen Sunxing Light Alloys (603978) has net assets worth CN¥1.66 Billion CNY (≈ $242.71 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¥4.61 Billion ≈ $674.36 Million USD) and total liabilities (CN¥2.95 Billion ≈ $431.65 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. Also explore Shenzhen Sunxing Light Alloys total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.66 Billion |
| % of Total Assets | 35.99% |
| Annual Growth Rate | 14.12% |
| 5-Year Change | -8.53% |
| 10-Year Change | 146.9% |
| Growth Volatility | 26.1 |
Shenzhen Sunxing Light Alloys - Net Assets Trend (2012–2025)
This chart illustrates how Shenzhen Sunxing Light Alloys's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Shenzhen Sunxing Light Alloys to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shenzhen Sunxing Light Alloys (2012–2025)
The table below shows the annual net assets of Shenzhen Sunxing Light Alloys from 2012 to 2025. For live valuation and market cap data, see market value of Shenzhen Sunxing Light Alloys.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.64 Billion ≈ $239.46 Million |
-5.42% |
| 2024-12-31 | CN¥1.73 Billion ≈ $253.19 Million |
+8.27% |
| 2023-12-31 | CN¥1.60 Billion ≈ $233.85 Million |
-7.75% |
| 2022-12-31 | CN¥1.73 Billion ≈ $253.49 Million |
-3.17% |
| 2021-12-31 | CN¥1.79 Billion ≈ $261.78 Million |
+7.05% |
| 2020-12-31 | CN¥1.67 Billion ≈ $244.55 Million |
+11.00% |
| 2019-12-31 | CN¥1.51 Billion ≈ $220.31 Million |
+6.66% |
| 2018-12-31 | CN¥1.41 Billion ≈ $206.56 Million |
+7.04% |
| 2017-12-31 | CN¥1.32 Billion ≈ $192.97 Million |
+98.97% |
| 2016-12-31 | CN¥662.80 Million ≈ $96.99 Million |
+25.05% |
| 2015-12-31 | CN¥530.03 Million ≈ $77.56 Million |
+18.49% |
| 2014-12-31 | CN¥447.31 Million ≈ $65.46 Million |
+18.30% |
| 2013-12-31 | CN¥378.12 Million ≈ $55.33 Million |
+28.59% |
| 2012-12-31 | CN¥294.06 Million ≈ $43.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Sunxing Light Alloys'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 95.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥188.22 Million | 11.50% |
| Other Components | CN¥1.45 Billion | 88.50% |
| Total Equity | CN¥1.64 Billion | 100.00% |
Shenzhen Sunxing Light Alloys Competitors by Market Cap
The table below lists competitors of Shenzhen Sunxing Light Alloys ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Jinling Mining Co Ltd
SHE:000655
|
$615.05 Million |
|
SFA Semicon Co. Ltd
KQ:036540
|
$615.59 Million |
|
Shenzhen Xinhao Photoelectricity Technology Co. Ltd
SHE:301051
|
$615.63 Million |
|
Yantai Longyuan Power Tech
SHE:300105
|
$615.92 Million |
|
Jana Small Finance Bank
NSE:JSFB
|
$614.90 Million |
|
Jiangsu Kuangshun Photosensitivity New-Material Stock Co Ltd
SHE:300537
|
$614.86 Million |
|
Henan Huaying Agricultural Development Co Ltd
SHE:002321
|
$614.85 Million |
|
Alpha Tau Medical Ltd
NASDAQ:DRTS
|
$614.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Sunxing Light Alloys's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,730,494,401 to 1,636,446,051, a change of -94,048,350 (-5.4%).
- Net loss of 79,327,235 reduced equity.
- Dividend payments of 53,074,223 reduced retained earnings.
- Other comprehensive income decreased equity by 69,908,267.
- Other factors increased equity by 108,261,375.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-79.33 Million | -4.85% |
| Dividends Paid | CN¥53.07 Million | -3.24% |
| Other Comprehensive Income | CN¥-69.91 Million | -4.27% |
| Other Changes | CN¥108.26 Million | +6.62% |
| Total Change | CN¥- | -5.43% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Sunxing Light Alloys'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: 2.57x
- 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 8.13x to 2.57x 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¥2.45 | CN¥19.91 | x |
| 2013-12-31 | CN¥3.15 | CN¥19.91 | x |
| 2014-12-31 | CN¥3.73 | CN¥19.91 | x |
| 2015-12-31 | CN¥4.41 | CN¥19.91 | x |
| 2016-12-31 | CN¥5.52 | CN¥19.91 | x |
| 2017-12-31 | CN¥9.84 | CN¥19.91 | x |
| 2018-12-31 | CN¥8.80 | CN¥19.91 | x |
| 2019-12-31 | CN¥9.42 | CN¥19.91 | x |
| 2020-12-31 | CN¥10.69 | CN¥19.91 | x |
| 2021-12-31 | CN¥11.19 | CN¥19.91 | x |
| 2022-12-31 | CN¥10.45 | CN¥19.91 | x |
| 2023-12-31 | CN¥12.17 | CN¥19.91 | x |
| 2024-12-31 | CN¥10.10 | CN¥19.91 | x |
| 2025-12-31 | CN¥7.75 | CN¥19.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Sunxing Light Alloys 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): -4.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.43%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.65x
- Recent ROE (-4.85%) is below the historical average (6.94%), 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 | 23.90% | 10.90% | 1.58x | 1.39x | CN¥40.88 Million |
| 2013 | 22.22% | 11.89% | 1.37x | 1.36x | CN¥46.21 Million |
| 2014 | 22.51% | 13.60% | 1.23x | 1.35x | CN¥55.96 Million |
| 2015 | 15.52% | 11.73% | 0.97x | 1.36x | CN¥29.25 Million |
| 2016 | 20.04% | 16.72% | 0.85x | 1.41x | CN¥66.51 Million |
| 2017 | 7.93% | 10.36% | 0.63x | 1.21x | CN¥-27.34 Million |
| 2018 | 8.86% | 11.37% | 0.57x | 1.36x | CN¥-16.06 Million |
| 2019 | 6.26% | 9.12% | 0.49x | 1.41x | CN¥-56.29 Million |
| 2020 | 1.68% | 2.85% | 0.36x | 1.64x | CN¥-138.99 Million |
| 2021 | 1.61% | 2.09% | 0.50x | 1.52x | CN¥-150.11 Million |
| 2022 | -2.78% | -3.15% | 0.48x | 1.84x | CN¥-221.32 Million |
| 2023 | -8.88% | -8.96% | 0.44x | 2.25x | CN¥-300.77 Million |
| 2024 | -16.83% | -11.36% | 0.66x | 2.25x | CN¥-464.22 Million |
| 2025 | -4.85% | -2.43% | 0.75x | 2.65x | CN¥-242.97 Million |
Industry Comparison
This section compares Shenzhen Sunxing Light Alloys's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $3,220,046,749
- Average return on equity (ROE) among peers: 8.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Sunxing Light Alloys (603978) | CN¥1.66 Billion | 23.90% | 1.78x | $615.01 Million |
| Jiaozuo Wanfang Aluminum (000612) | $987.25 Million | 14.08% | 1.83x | $2.04 Billion |
| Yunnan Aluminium Co Ltd (000807) | $20.91 Billion | 15.94% | 0.81x | $14.13 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $770.05 Million | 10.06% | 0.35x | $9.00 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $837.55 Million | 10.18% | 0.57x | $848.68 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $607.69 Million | 0.96% | 1.42x | $606.02 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $67.96 Million | 29.27% | 2.62x | $1.87 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.18 Billion | 5.59% | 0.12x | $548.13 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $1.31 Billion | -26.39% | 2.86x | $37.68 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $4.57 Billion | 12.05% | 1.65x | $685.71 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $958.82 Million | 9.00% | 0.33x | $9.44 Billion |
About Shenzhen Sunxing Light Alloys
Shenzhen SunXing Light Alloys Materials Co.,Ltd. develops, produces, and sells light alloy materials in China. The company offers aluminum and magnesium alloy materials for use in various fields, such as military, aerospace, navigation, rail transit. Shenzhen SunXing Light Alloys Materials Co.,Ltd. was founded in 1992 and is based in Shenzhen, China.