SICC Co. Ltd. (688234) - Net Assets
Based on the latest financial reports, SICC Co. Ltd. (688234) has net assets worth CN¥7.40 Billion CNY (≈ $1.08 Billion 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¥9.72 Billion ≈ $1.42 Billion USD) and total liabilities (CN¥2.32 Billion ≈ $339.82 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 688234 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.40 Billion |
| % of Total Assets | 76.11% |
| Annual Growth Rate | N/A |
| 5-Year Change | 149.08% |
| 10-Year Change | N/A |
| Growth Volatility | 127.85 |
SICC Co. Ltd. - Net Assets Trend (2018–2024)
This chart illustrates how SICC Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is SICC Co. Ltd.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for SICC Co. Ltd. (2018–2024)
The table below shows the annual net assets of SICC Co. Ltd. from 2018 to 2024. For live valuation and market cap data, see 688234 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.31 Billion ≈ $777.46 Million |
-4.99% |
| 2023-12-31 | CN¥5.59 Billion ≈ $818.32 Million |
+6.50% |
| 2022-12-31 | CN¥5.25 Billion ≈ $768.40 Million |
+136.27% |
| 2021-12-31 | CN¥2.22 Billion ≈ $325.22 Million |
+4.19% |
| 2020-12-31 | CN¥2.13 Billion ≈ $312.13 Million |
+327.27% |
| 2019-12-31 | CN¥499.22 Million ≈ $73.05 Million |
+2785.42% |
| 2018-12-31 | CN¥-18.59 Million ≈ $-2.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SICC 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 decreased by 838693772.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥429.71 Million | 8.09% |
| Other Comprehensive Income | CN¥168.10 Million | 3.16% |
| Other Components | CN¥4.84 Billion | 91.06% |
| Total Equity | CN¥5.31 Billion | 100.00% |
SICC Co. Ltd. Competitors by Market Cap
The table below lists competitors of SICC Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Public Power Corporation S.A.
AT:PPC
|
$6.84 Billion |
|
ZEEKR Intelligent Technology Holding Limited
NYSE:ZK
|
$6.85 Billion |
|
Petrovietnam Gas JSC
VN:GAS
|
$6.85 Billion |
|
Transocean Ltd
NYSE:RIG
|
$6.85 Billion |
|
Silicon Laboratories Inc
NASDAQ:SLAB
|
$6.83 Billion |
|
Syensqo
BR:SYENS
|
$6.83 Billion |
|
Merus BV
NASDAQ:MRUS
|
$6.83 Billion |
|
Elisa Oyj
HE:ELISA
|
$6.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SICC Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,226,512,688 to 5,312,981,765, a change of 86,469,077 (1.7%).
- Net income of 179,025,054 contributed positively to equity growth.
- Dividend payments of 7,404,143 reduced retained earnings.
- Share repurchases of 100,243,215 reduced equity.
- Other comprehensive income increased equity by 12,104,881.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥179.03 Million | +3.37% |
| Dividends Paid | CN¥7.40 Million | -0.14% |
| Share Repurchases | CN¥100.24 Million | -1.89% |
| Other Comprehensive Income | CN¥12.10 Million | +0.23% |
| Other Changes | CN¥2.99 Million | +0.06% |
| Total Change | CN¥- | 1.65% |
Book Value vs Market Value Analysis
This analysis compares SICC 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: 8.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥-0.05 | CN¥108.66 | x |
| 2019-12-31 | CN¥1.16 | CN¥108.66 | x |
| 2020-12-31 | CN¥4.96 | CN¥108.66 | x |
| 2021-12-31 | CN¥5.17 | CN¥108.66 | x |
| 2022-12-31 | CN¥12.22 | CN¥108.66 | x |
| 2023-12-31 | CN¥12.57 | CN¥108.66 | x |
| 2024-12-31 | CN¥12.46 | CN¥108.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SICC 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): 3.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.13%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.38x
- Recent ROE (3.37%) is above the historical average (-9.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -30.95% | 0.10x | 0.00x | CN¥-40.23 Million |
| 2019 | -40.25% | -74.82% | 0.17x | 3.10x | CN¥-250.84 Million |
| 2020 | -30.08% | -151.03% | 0.17x | 1.16x | CN¥-854.92 Million |
| 2021 | 4.05% | 18.21% | 0.19x | 1.18x | CN¥-132.29 Million |
| 2022 | -3.34% | -42.02% | 0.07x | 1.12x | CN¥-700.34 Million |
| 2023 | -0.87% | -3.66% | 0.18x | 1.32x | CN¥-568.37 Million |
| 2024 | 3.37% | 10.13% | 0.24x | 1.38x | CN¥-352.27 Million |
Industry Comparison
This section compares SICC Co. Ltd.'s net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $22,837,975,488
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SICC Co. Ltd. (688234) | CN¥7.40 Billion | 0.00% | 0.31x | $6.83 Billion |
| TCL Corp (000100) | $135.49 Billion | 3.33% | 1.78x | $12.84 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $47.06 Billion | 14.49% | 1.30x | $5.28 Billion |
| TongFu Microelectronics Co Ltd (002156) | $6.50 Billion | 0.29% | 1.48x | $12.69 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $279.37 Million | 22.06% | 1.27x | $6.57 Billion |
| NAURA Technology Group Co Ltd (002371) | $32.23 Billion | 17.44% | 1.04x | $57.36 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.28 Billion | 4.71% | 0.32x | $6.19 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $373.43 Million | 7.63% | 0.67x | $463.28 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $43.88 Million | -13.90% | 0.55x | $895.26 Million |
| Hubei Tech Semiconductors Co (300046) | $895.70 Million | 9.58% | 0.17x | $1.15 Billion |
| Shanghai Sinyang Semiconductor (300236) | $4.23 Billion | 3.95% | 0.32x | $4.21 Billion |
About SICC Co. Ltd.
SICC Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally. The company engages in the industrialization of silicon carbide substrates for the renewable energy and AI sectors. It also offers conductive silicon carbide single crystal and semi-insulating substrate materials. In additi… Read more