Xiamen Solex High-Tech Industries Co Ltd (603992) - Net Assets
Based on the latest financial reports, Xiamen Solex High-Tech Industries Co Ltd (603992) has net assets worth CN¥3.26 Billion CNY (≈ $476.73 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¥4.38 Billion ≈ $640.51 Million USD) and total liabilities (CN¥1.12 Billion ≈ $163.79 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 Xiamen Solex High-Tech Industries Co Ltd (603992) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 603992 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Xiamen Solex High-Tech Industries Co Ltd (603992) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.17 Billion ≈ $464.52 Million |
+23.44% |
| 2023-12-31 | CN¥2.57 Billion ≈ $376.31 Million |
+8.13% |
| 2022-12-31 | CN¥2.38 Billion ≈ $348.02 Million |
-1.83% |
| 2021-12-31 | CN¥2.42 Billion ≈ $354.52 Million |
+20.75% |
| 2020-12-31 | CN¥2.01 Billion ≈ $293.59 Million |
+11.07% |
| 2019-12-31 | CN¥1.81 Billion ≈ $264.34 Million |
+57.60% |
| 2018-12-31 | CN¥1.15 Billion ≈ $167.72 Million |
+21.63% |
| 2017-12-31 | CN¥942.40 Million ≈ $137.90 Million |
-19.98% |
| 2016-12-31 | CN¥1.18 Billion ≈ $172.34 Million |
+21.93% |
| 2015-12-31 | CN¥965.90 Million ≈ $141.34 Million |
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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 |
|---|---|
|
Orbia Advance Corporation S.A.B. de C.V
F:4FZ
|
$2.03 Billion |
|
Carborundum Universal Limited
NSE:CARBORUNIV
|
$2.03 Billion |
|
Entra ASA
OL:ENTRA
|
$2.04 Billion |
|
Pan Ocean Co Ltd
KO:028670
|
$2.04 Billion |
|
Zhongsheng Group Holdings Limited
F:5Z0
|
$2.03 Billion |
|
Remy Cointreau
PA:RCO
|
$2.03 Billion |
|
Zhejiang Hisun Pharmaceutical Co Ltd
SHG:600267
|
$2.03 Billion |
|
Xinhuanet Co Ltd
SHG:603888
|
$2.03 Billion |
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: 4.57x
- 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 13.49x to 4.57x 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¥32.50 | x |
| 2016-12-31 | CN¥2.94 | CN¥32.50 | x |
| 2017-12-31 | CN¥2.60 | CN¥32.50 | x |
| 2018-12-31 | CN¥3.20 | CN¥32.50 | x |
| 2019-12-31 | CN¥4.50 | CN¥32.50 | x |
| 2020-12-31 | CN¥5.00 | CN¥32.50 | x |
| 2021-12-31 | CN¥5.55 | CN¥32.50 | x |
| 2022-12-31 | CN¥5.42 | CN¥32.50 | x |
| 2023-12-31 | CN¥6.71 | CN¥32.50 | x |
| 2024-12-31 | CN¥7.11 | CN¥32.50 | 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: $2,065,124,070
- Average return on equity (ROE) among peers: 8.43%
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 | $2.03 Billion |
| China Fangda Group Co Ltd (000055) | $5.20 Billion | 43.24% | 1.05x | $369.01 Million |
| Huasu Holdings Co Ltd (000509) | $371.87 Million | 19.39% | 0.47x | $560.61 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $166.80 Million | 6.28% | 0.15x | $399.61 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $10.46 Billion | 11.19% | 0.37x | $6.61 Billion |
| Yantai Moon Co Ltd (000811) | $1.54 Billion | 16.48% | 0.66x | $3.93 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $253.92 Million | -59.10% | 3.06x | $336.82 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.30 Billion | 9.41% | 0.28x | $755.36 Million |
| Everjoy Health Group Co Ltd (002162) | $498.61 Million | 12.61% | 1.10x | $596.19 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $110.91 Million | 10.68% | 1.26x | $365.22 Million |
| Puyang Refractories Group Co Ltd (002225) | $748.57 Million | 14.13% | 0.63x | $776.92 Million |
About 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.