Western Superconducting Tech Co Ltd
Western Superconducting Technologies Co., Ltd. engages in the research and development, production, and sale of superconducting materials, high-end titanium alloy materials, and high temperature alloy materials and applications in China. The company offers superconducting products, including titanium ingots, superconducting wires, niobium tin superconducting wires, MgB2 wires, and superconducting… Read more
Western Superconducting Tech Co Ltd (688122) - Net Assets
Latest net assets as of September 2025: CN¥7.60 Billion CNY
Based on the latest financial reports, Western Superconducting Tech Co Ltd (688122) has net assets worth CN¥7.60 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¥14.66 Billion) and total liabilities (CN¥7.07 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¥7.60 Billion |
| % of Total Assets | 51.8% |
| Annual Growth Rate | 22.82% |
| 5-Year Change | 151.72% |
| 10-Year Change | 597.37% |
| Growth Volatility | 28.53 |
Western Superconducting Tech Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Western Superconducting Tech 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 Western Superconducting Tech Co Ltd (2005–2024)
The table below shows the annual net assets of Western Superconducting Tech Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.27 Billion | +7.88% |
| 2023-12-31 | CN¥6.74 Billion | +5.89% |
| 2022-12-31 | CN¥6.36 Billion | +16.86% |
| 2021-12-31 | CN¥5.44 Billion | +88.56% |
| 2020-12-31 | CN¥2.89 Billion | +10.38% |
| 2019-12-31 | CN¥2.62 Billion | +32.12% |
| 2018-12-31 | CN¥1.98 Billion | +1.02% |
| 2017-12-31 | CN¥1.96 Billion | +2.30% |
| 2016-12-31 | CN¥1.92 Billion | +83.83% |
| 2015-12-31 | CN¥1.04 Billion | +42.23% |
| 2014-12-31 | CN¥732.64 Million | +16.75% |
| 2013-12-31 | CN¥627.54 Million | +5.06% |
| 2012-12-31 | CN¥597.32 Million | +20.01% |
| 2011-12-31 | CN¥497.70 Million | +2.29% |
| 2010-12-31 | CN¥486.56 Million | +47.73% |
| 2009-12-31 | CN¥329.36 Million | +7.19% |
| 2008-12-31 | CN¥307.27 Million | +4.69% |
| 2007-12-31 | CN¥293.49 Million | +81.06% |
| 2006-12-31 | CN¥162.10 Million | +10.88% |
| 2005-12-31 | CN¥146.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Superconducting Tech 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 16386.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.03 Billion | 30.43% |
| Common Stock | CN¥649.66 Million | 9.72% |
| Other Components | CN¥4.00 Billion | 59.85% |
| Total Equity | CN¥6.68 Billion | 100.00% |
Western Superconducting Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Western Superconducting Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordnet AB (publ)
LSE:0A6V
|
$4.14 Billion |
|
MDU Resources Group Inc
NYSE:MDU
|
$4.14 Billion |
|
Ampol Limited
F:CLZ
|
$4.14 Billion |
|
Aurobindo Pharma Limited
NSE:AUROPHARMA
|
$4.14 Billion |
|
TransMedics Group Inc
NASDAQ:TMDX
|
$4.13 Billion |
|
Quebecor Inc
PINK:QBCRF
|
$4.13 Billion |
|
CLEARWAY ENERGY A NDL-01
F:NY4B
|
$4.13 Billion |
|
Bath & Body Works Inc.
NYSE:BBWI
|
$4.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Superconducting Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,324,775,772 to 6,684,050,218, a change of 359,274,446 (5.7%).
- Net income of 800,789,109 contributed positively to equity growth.
- Dividend payments of 516,519,419 reduced retained earnings.
- Other factors increased equity by 75,004,756.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥800.79 Million | +11.98% |
| Dividends Paid | CN¥516.52 Million | -7.73% |
| Other Changes | CN¥75.00 Million | +1.12% |
| Total Change | CN¥- | 5.68% |
Book Value vs Market Value Analysis
This analysis compares Western Superconducting Tech 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: 7.58x
- 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 177.05x to 7.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.44 | CN¥78.00 | x |
| 2006-12-31 | CN¥0.49 | CN¥78.00 | x |
| 2007-12-31 | CN¥0.88 | CN¥78.00 | x |
| 2008-12-31 | CN¥0.93 | CN¥78.00 | x |
| 2009-12-31 | CN¥0.99 | CN¥78.00 | x |
| 2010-12-31 | CN¥1.05 | CN¥78.00 | x |
| 2011-12-31 | CN¥1.07 | CN¥78.00 | x |
| 2012-12-31 | CN¥1.27 | CN¥78.00 | x |
| 2013-12-31 | CN¥1.30 | CN¥78.00 | x |
| 2014-12-31 | CN¥1.57 | CN¥78.00 | x |
| 2015-12-31 | CN¥2.88 | CN¥78.00 | x |
| 2016-12-31 | CN¥3.78 | CN¥78.00 | x |
| 2017-12-31 | CN¥3.43 | CN¥78.00 | x |
| 2018-12-31 | CN¥3.47 | CN¥78.00 | x |
| 2019-12-31 | CN¥4.16 | CN¥78.00 | x |
| 2020-12-31 | CN¥4.55 | CN¥78.00 | x |
| 2021-12-31 | CN¥8.68 | CN¥78.00 | x |
| 2022-12-31 | CN¥9.23 | CN¥78.00 | x |
| 2023-12-31 | CN¥9.74 | CN¥78.00 | x |
| 2024-12-31 | CN¥10.29 | CN¥78.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Superconducting Tech 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): 11.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.36%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.04x
- Recent ROE (11.98%) is below the historical average (12.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.28% | 11.80% | 0.48x | 2.00x | CN¥1.87 Million |
| 2006 | 17.34% | 9.73% | 0.55x | 3.21x | CN¥11.90 Million |
| 2007 | 11.72% | 9.11% | 0.64x | 2.02x | CN¥5.04 Million |
| 2008 | 12.17% | 9.58% | 0.54x | 2.37x | CN¥6.66 Million |
| 2009 | 17.98% | 18.77% | 0.29x | 3.31x | CN¥26.30 Million |
| 2010 | 15.92% | 18.67% | 0.28x | 3.05x | CN¥28.81 Million |
| 2011 | 20.51% | 13.66% | 0.45x | 3.37x | CN¥52.08 Million |
| 2012 | 16.86% | 13.87% | 0.35x | 3.49x | CN¥40.50 Million |
| 2013 | 9.87% | 9.20% | 0.36x | 3.00x | CN¥-789.17K |
| 2014 | 12.31% | 12.57% | 0.35x | 2.82x | CN¥16.63 Million |
| 2015 | 13.85% | 15.54% | 0.37x | 2.42x | CN¥38.30 Million |
| 2016 | 8.44% | 16.24% | 0.29x | 1.76x | CN¥-29.30 Million |
| 2017 | 7.45% | 14.68% | 0.28x | 1.84x | CN¥-48.59 Million |
| 2018 | 7.00% | 12.40% | 0.27x | 2.07x | CN¥-57.72 Million |
| 2019 | 6.16% | 10.94% | 0.30x | 1.87x | CN¥-98.61 Million |
| 2020 | 13.20% | 17.55% | 0.38x | 1.97x | CN¥89.91 Million |
| 2021 | 13.83% | 25.33% | 0.33x | 1.63x | CN¥205.40 Million |
| 2022 | 18.01% | 25.55% | 0.37x | 1.89x | CN¥480.27 Million |
| 2023 | 11.90% | 18.09% | 0.34x | 1.91x | CN¥119.89 Million |
| 2024 | 11.98% | 17.36% | 0.34x | 2.04x | CN¥132.38 Million |
Industry Comparison
This section compares Western Superconducting Tech Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,244,978,643
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Superconducting Tech Co Ltd (688122) | CN¥7.60 Billion | 11.28% | 0.93x | $4.13 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $276.51 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $563.95 Million | 12.68% | 0.31x | $177.83 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $167.74 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $785.40 Million | -7.13% | 0.66x | $373.68 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.40 Billion | 2.65% | 0.12x | $461.37 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.13 Billion | 10.98% | 0.50x | $722.14 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $245.28 Million | 58.16% | 1.15x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $3.72 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $966.88 Million | 1.75% | 0.27x | $292.45 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $226.79 Million |