SEC Electric Mach Co Ltd Net Assets
SEC Electric Mach Co Ltd net assets. Based on the latest financial reports, SEC Electric Mach Co Ltd (603988) has net assets worth CN¥671.20 Million CNY (≈ $98.22 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¥1.11 Billion ≈ $161.92 Million USD) and total liabilities (CN¥435.32 Million ≈ $63.70 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 603988 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥671.20 Million |
| % of Total Assets | 60.66% |
| Annual Growth Rate | 10.52% |
| 5-Year Change | -15.24% |
| 10-Year Change | 0.89% |
| Growth Volatility | 30.87 |
Net Assets of SEC Electric Mach Co Ltd (2011–2024)
Net assets of SEC Electric Mach Co Ltd from 2011 to 2024. This chart illustrates how SEC Electric Mach Co Ltd's net assets have evolved over time, based on quarterly financial data. See SEC Electric Mach Co Ltd (603988) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for SEC Electric Mach Co Ltd (2011–2024)
The table below shows the annual net assets of SEC Electric Mach Co Ltd from 2011 to 2024. For live market cap and overall valuation, see 603988 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥641.39 Million ≈ $93.86 Million |
-3.49% |
| 2023-12-31 | CN¥664.59 Million ≈ $97.25 Million |
+4.94% |
| 2022-12-31 | CN¥633.31 Million ≈ $92.67 Million |
+7.03% |
| 2021-12-31 | CN¥591.73 Million ≈ $86.59 Million |
-21.80% |
| 2020-12-31 | CN¥756.68 Million ≈ $110.73 Million |
+8.90% |
| 2019-12-31 | CN¥694.84 Million ≈ $101.68 Million |
+3.41% |
| 2018-12-31 | CN¥671.92 Million ≈ $98.32 Million |
+0.72% |
| 2017-12-31 | CN¥667.13 Million ≈ $97.62 Million |
+3.26% |
| 2016-12-31 | CN¥646.05 Million ≈ $94.54 Million |
+1.62% |
| 2015-12-31 | CN¥635.75 Million ≈ $93.03 Million |
+4.40% |
| 2014-12-31 | CN¥608.98 Million ≈ $89.11 Million |
+111.88% |
| 2013-12-31 | CN¥287.42 Million ≈ $42.06 Million |
+26.30% |
| 2012-12-31 | CN¥227.58 Million ≈ $33.30 Million |
+30.20% |
| 2011-12-31 | CN¥174.79 Million ≈ $25.58 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SEC Electric Mach 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 387.7% over the analyzed period, indicating profitable operations and earnings retention.
SEC Electric Mach Co Ltd Net Assets Breakdown (December 2024)
SEC Electric Mach Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥149.11 Million | 23.25% |
| Common Stock | CN¥235.20 Million | 36.67% |
| Other Comprehensive Income | CN¥84.24 Million | 13.13% |
| Other Components | CN¥172.84 Million | 26.95% |
| Total Equity | CN¥641.39 Million | 100.00% |
SEC Electric Mach Co Ltd Competitors by Market Cap
The table below lists competitors of SEC Electric Mach Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Olympic Steel Inc
NASDAQ:ZEUS
|
$538.98 Million |
|
Tronox Holdings PLC
NYSE:TROX
|
$539.10 Million |
|
Sinon Corp
TW:1712
|
$539.19 Million |
|
The Erawan Group Public Company Limited
BK:ERW
|
$539.22 Million |
|
Taiwan Sakura Corp
TW:9911
|
$538.74 Million |
|
Apple Flavor&Fragrance Grp
SHG:603020
|
$538.68 Million |
|
Shanghai W Ibeda High Tech Group Co Ltd
SHG:688071
|
$538.61 Million |
|
National Petroleum Co Ltd
TW:9937
|
$538.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEC Electric Mach Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 664,586,569 to 641,394,442, a change of -23,192,127 (-3.5%).
- Net loss of 10,326,944 reduced equity.
- Dividend payments of 14,112,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,050,582.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-10.33 Million | -1.61% |
| Dividends Paid | CN¥14.11 Million | -2.2% |
| Other Comprehensive Income | CN¥4.05 Million | +0.63% |
| Other Changes | CN¥-2.80 Million | -0.44% |
| Total Change | CN¥- | -3.49% |
Book Value vs Market Value Analysis
This analysis compares SEC Electric Mach 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: 5.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.83x to 5.74x 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¥0.99 | CN¥15.66 | x |
| 2012-12-31 | CN¥1.29 | CN¥15.66 | x |
| 2013-12-31 | CN¥1.63 | CN¥15.66 | x |
| 2014-12-31 | CN¥3.28 | CN¥15.66 | x |
| 2015-12-31 | CN¥2.68 | CN¥15.66 | x |
| 2016-12-31 | CN¥2.70 | CN¥15.66 | x |
| 2017-12-31 | CN¥2.72 | CN¥15.66 | x |
| 2018-12-31 | CN¥2.93 | CN¥15.66 | x |
| 2019-12-31 | CN¥2.95 | CN¥15.66 | x |
| 2020-12-31 | CN¥3.22 | CN¥15.66 | x |
| 2021-12-31 | CN¥2.52 | CN¥15.66 | x |
| 2022-12-31 | CN¥2.69 | CN¥15.66 | x |
| 2023-12-31 | CN¥2.77 | CN¥15.66 | x |
| 2024-12-31 | CN¥2.73 | CN¥15.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEC Electric Mach 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): -1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.55%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.74x
- Recent ROE (-1.61%) is below the historical average (11.70%), 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 | 29.57% | 13.21% | 0.79x | 2.82x | CN¥34.20 Million |
| 2012 | 23.20% | 14.66% | 0.76x | 2.07x | CN¥30.03 Million |
| 2013 | 20.82% | 15.74% | 0.71x | 1.86x | CN¥31.10 Million |
| 2014 | 8.92% | 16.44% | 0.41x | 1.32x | CN¥-6.56 Million |
| 2015 | 6.73% | 15.48% | 0.34x | 1.27x | CN¥-20.80 Million |
| 2016 | 3.70% | 10.22% | 0.28x | 1.29x | CN¥-40.71 Million |
| 2017 | 4.96% | 10.76% | 0.34x | 1.36x | CN¥-33.63 Million |
| 2018 | 7.18% | 11.25% | 0.45x | 1.43x | CN¥-18.96 Million |
| 2019 | 16.33% | 18.66% | 0.58x | 1.52x | CN¥43.99 Million |
| 2020 | 22.63% | 19.99% | 0.68x | 1.67x | CN¥95.55 Million |
| 2021 | 6.75% | 4.87% | 0.68x | 2.04x | CN¥-19.24 Million |
| 2022 | 8.15% | 6.00% | 0.73x | 1.86x | CN¥-11.74 Million |
| 2023 | 6.50% | 5.70% | 0.68x | 1.67x | CN¥-23.25 Million |
| 2024 | -1.61% | -1.55% | 0.60x | 1.74x | CN¥-74.47 Million |
Industry Comparison
This section compares SEC Electric Mach Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,610,457,623
- Average return on equity (ROE) among peers: -20.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEC Electric Mach Co Ltd (603988) | CN¥671.20 Million | 29.57% | 0.65x | $538.97 Million |
| Huayi Compressor Co Ltd (000404) | $3.96 Billion | 2.45% | 1.52x | $646.72 Million |
| Shenyang Machine Tool Co Ltd (000410) | $347.22 Million | -208.15% | 15.00x | $2.26 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $362.41 Million | 3.17% | 0.33x | $2.79 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.21 Billion | 1.93% | 1.36x | $757.23 Million |
| Changchai Co Ltd (000570) | $2.29 Billion | 2.29% | 0.72x | $399.26 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.83 Billion | 2.42% | 1.03x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $369.61 Million | -32.34% | 1.35x | $779.79 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $544.26 Million | 41.46% | 0.41x | $823.64 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $579.69 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $873.67 Million | 7.43% | 0.68x | $1.40 Billion |
About SEC Electric Mach Co Ltd
SEC Electric Machinery Co., Ltd. researches and develops, manufactures, and sells motors in China. The company offers AC motors, such as flameproof explosion, safety explosion, compact asynchronous, wound asynchronous, oil drilling, and squirrel cage asynchronous motors; medium and large-sized DC motors; synchronous motors, including large synchronous variable frequency motor, mine grinding machi… Read more