Xiamen Solex High-Tech Industries Co Ltd
Xiamen Solex High-tech Industries Co., Ltd. designs, manufactures, and sells kitchen and bathroom, beauty, and health personal care products in China and internationally. It offers showers, faucets, smart toilets; and beauty instruments and smart skin testers. The company was founded in 2004 and is based in Xiamen, China.
Xiamen Solex High-Tech Industries Co Ltd (603992) - Net Assets
Latest net assets as of September 2025: CN¥3.26 Billion CNY
Based on the latest financial reports, Xiamen Solex High-Tech Industries Co Ltd (603992) has net assets worth CN¥3.26 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.38 Billion) and total liabilities (CN¥1.12 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.26 Billion |
| % of Total Assets | 74.43% |
| Annual Growth Rate | 14.13% |
| 5-Year Change | 58.22% |
| 10-Year Change | N/A |
| Growth Volatility | 19.93 |
Xiamen Solex High-Tech Industries Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Xiamen Solex High-Tech Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xiamen Solex High-Tech Industries Co Ltd (2015–2024)
The table below shows the annual net assets of Xiamen Solex High-Tech Industries Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.17 Billion | +23.44% |
| 2023-12-31 | CN¥2.57 Billion | +8.13% |
| 2022-12-31 | CN¥2.38 Billion | -1.83% |
| 2021-12-31 | CN¥2.42 Billion | +20.75% |
| 2020-12-31 | CN¥2.01 Billion | +11.07% |
| 2019-12-31 | CN¥1.81 Billion | +57.60% |
| 2018-12-31 | CN¥1.15 Billion | +21.63% |
| 2017-12-31 | CN¥942.40 Million | -19.98% |
| 2016-12-31 | CN¥1.18 Billion | +21.93% |
| 2015-12-31 | CN¥965.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xiamen Solex High-Tech Industries 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 102.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.30 Billion | 40.88% |
| Common Stock | CN¥428.47 Million | 13.50% |
| Other Comprehensive Income | CN¥14.50 Million | 0.46% |
| Other Components | CN¥1.43 Billion | 45.17% |
| Total Equity | CN¥3.17 Billion | 100.00% |
Xiamen Solex High-Tech Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Xiamen Solex High-Tech Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crombie Real Estate Investment Trust
PINK:CROMF
|
$340.68 Million |
|
DoubleU Games Co Ltd
KO:192080
|
$340.72 Million |
|
Leon's Furniture Limited
PINK:LEFUF
|
$340.73 Million |
|
Guilin Seamild Foods Co Ltd
SHE:002956
|
$340.78 Million |
|
Hellenic Exchanges - Athens Stock Exchange SA
PINK:HEHSF
|
$340.54 Million |
|
Chatham Lodging Trust REIT
NYSE:CLDT
|
$340.42 Million |
|
Sella Capital Real Estate Ltd
PINK:STCPF
|
$340.23 Million |
|
Akebia Ther
NASDAQ:AKBA
|
$340.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiamen Solex High-Tech Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,571,610,584 to 3,174,455,666, a change of 602,845,082 (23.4%).
- Net income of 446,415,014 contributed positively to equity growth.
- Dividend payments of 193,497,197 reduced retained earnings.
- Other comprehensive income decreased equity by 17,060,021.
- Other factors increased equity by 366,987,286.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥446.42 Million | +14.06% |
| Dividends Paid | CN¥193.50 Million | -6.1% |
| Other Comprehensive Income | CN¥-17.06 Million | -0.54% |
| Other Changes | CN¥366.99 Million | +11.56% |
| Total Change | CN¥- | 23.44% |
Book Value vs Market Value Analysis
This analysis compares Xiamen Solex High-Tech Industries 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: 4.50x
- 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 13.29x to 4.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.41 | CN¥32.01 | x |
| 2016-12-31 | CN¥2.94 | CN¥32.01 | x |
| 2017-12-31 | CN¥2.60 | CN¥32.01 | x |
| 2018-12-31 | CN¥3.20 | CN¥32.01 | x |
| 2019-12-31 | CN¥4.50 | CN¥32.01 | x |
| 2020-12-31 | CN¥5.00 | CN¥32.01 | x |
| 2021-12-31 | CN¥5.55 | CN¥32.01 | x |
| 2022-12-31 | CN¥5.42 | CN¥32.01 | x |
| 2023-12-31 | CN¥6.71 | CN¥32.01 | x |
| 2024-12-31 | CN¥7.11 | CN¥32.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiamen Solex High-Tech Industries 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): 14.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.81%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.37x
- Recent ROE (14.06%) is below the historical average (14.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.13% | 9.43% | 0.86x | 1.63x | CN¥30.22 Million |
| 2016 | 17.98% | 14.43% | 0.85x | 1.46x | CN¥94.04 Million |
| 2017 | 16.53% | 8.98% | 1.26x | 1.46x | CN¥61.56 Million |
| 2018 | 20.61% | 13.43% | 1.10x | 1.40x | CN¥121.58 Million |
| 2019 | 12.96% | 13.47% | 0.73x | 1.32x | CN¥53.53 Million |
| 2020 | 13.48% | 13.29% | 0.75x | 1.36x | CN¥69.86 Million |
| 2021 | 13.53% | 10.12% | 0.74x | 1.81x | CN¥78.67 Million |
| 2022 | 12.01% | 8.21% | 0.72x | 2.03x | CN¥43.70 Million |
| 2023 | 13.71% | 11.81% | 0.70x | 1.65x | CN¥95.33 Million |
| 2024 | 14.06% | 14.81% | 0.69x | 1.37x | CN¥128.97 Million |
Industry Comparison
This section compares Xiamen Solex High-Tech Industries Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $3,967,149,242
- Average return on equity (ROE) among peers: 7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiamen Solex High-Tech Industries Co Ltd (603992) | CN¥3.26 Billion | 13.13% | 0.34x | $340.62 Million |
| Huasu Holdings Co Ltd (000509) | $288.95 Million | -10.72% | 2.54x | $352.09 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.57 Billion | -0.72% | 0.99x | $204.74 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $21.44 Billion | 14.66% | 0.33x | $3.58 Billion |
| Yantai Moon Co Ltd (000811) | $6.21 Billion | 10.11% | 0.91x | $1.56 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $436.84 Million | 5.27% | 3.74x | $232.37 Million |
| Arrow Home Group Co. Ltd. A (001322) | $5.01 Billion | 8.48% | 1.12x | $113.50 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.03 Billion | 15.12% | 0.38x | $250.45 Million |
| Everjoy Health Group Co Ltd (002162) | $479.30 Million | 13.65% | 1.19x | $267.02 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $923.77 Million | 5.63% | 0.58x | $237.09 Million |
| Puyang Refractories Group Co Ltd (002225) | $277.05 Million | 17.03% | 0.92x | $602.85 Million |