Xinjiang Daqo New Energy Co Ltd (688303) - Net Assets
Based on the latest financial reports, Xinjiang Daqo New Energy Co Ltd (688303) has net assets worth CN¥38.17 Billion CNY (≈ $5.59 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥41.22 Billion ≈ $6.03 Billion USD) and total liabilities (CN¥3.06 Billion ≈ $447.05 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. See Xinjiang Daqo New Energy Co Ltd balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥38.17 Billion |
| % of Total Assets | 92.59% |
| Annual Growth Rate | 68.82% |
| 5-Year Change | 396.66% |
| 10-Year Change | 7168.72% |
| Growth Volatility | 105.06 |
Xinjiang Daqo New Energy Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Xinjiang Daqo New Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688303 market cap.
Annual Net Assets for Xinjiang Daqo New Energy Co Ltd (2013–2025)
The table below shows the annual net assets of Xinjiang Daqo New Energy Co Ltd from 2013 to 2025. Also explore how fast is Xinjiang Daqo New Energy Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥81.79 Billion ≈ $11.97 Billion |
+103.68% |
| 2024-12-31 | CN¥40.16 Billion ≈ $5.88 Billion |
-8.48% |
| 2023-12-31 | CN¥43.88 Billion ≈ $6.42 Billion |
-3.65% |
| 2022-12-31 | CN¥45.54 Billion ≈ $6.66 Billion |
+176.54% |
| 2021-12-31 | CN¥16.47 Billion ≈ $2.41 Billion |
+252.81% |
| 2020-12-31 | CN¥4.67 Billion ≈ $683.05 Million |
+40.04% |
| 2019-12-31 | CN¥3.33 Billion ≈ $487.73 Million |
+10.63% |
| 2018-12-31 | CN¥3.01 Billion ≈ $440.88 Million |
+66.65% |
| 2017-12-31 | CN¥1.81 Billion ≈ $264.55 Million |
+60.66% |
| 2016-12-31 | CN¥1.13 Billion ≈ $164.66 Million |
+34.03% |
| 2015-12-31 | CN¥839.57 Million ≈ $122.86 Million |
+25.14% |
| 2014-12-31 | CN¥670.88 Million ≈ $98.17 Million |
+339.58% |
| 2013-12-31 | CN¥152.62 Million ≈ $22.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang Daqo New Energy 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 1874574756039.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥18.65 Billion | 47.71% |
| Other Comprehensive Income | CN¥39.09 Billion | 100.00% |
| Total Equity | CN¥39.09 Billion | 100.00% |
Xinjiang Daqo New Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang Daqo New Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MINTH GRP LTD UNSP.ADR/20
F:M3I0
|
$5.10 Billion |
|
Zhongfu Shenying Carbon Fiber Co. Ltd. A
SHG:688295
|
$5.10 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$5.10 Billion |
|
Shanghai 2345 Network Holding Group
SHE:002195
|
$5.11 Billion |
|
Merit Medical Systems Inc
NASDAQ:MMSI
|
$5.10 Billion |
|
Rigetti Computing Inc
NASDAQ:RGTI
|
$5.10 Billion |
|
Neway Valve suzhou Co Ltd
SHG:603699
|
$5.10 Billion |
|
Protagonist Therapeutics Inc
NASDAQ:PTGX
|
$5.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang Daqo New Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,157,741,287 to 39,089,055,000, a change of -1,068,686,287 (-2.7%).
- Net loss of 1,129,168,000 reduced equity.
- Other comprehensive income increased equity by 37,720,732,439.
- Other factors decreased equity by 37,660,250,726.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.13 Billion | -2.89% |
| Other Comprehensive Income | CN¥37.72 Billion | +96.5% |
| Other Changes | CN¥-37.66 Billion | -96.34% |
| Total Change | CN¥- | -2.66% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang Daqo New Energy 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 69.62x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.23 | CN¥16.34 | x |
| 2014-12-31 | CN¥1.85 | CN¥16.34 | x |
| 2015-12-31 | CN¥1.29 | CN¥16.34 | x |
| 2016-12-31 | CN¥1.71 | CN¥16.34 | x |
| 2017-12-31 | CN¥2.78 | CN¥16.34 | x |
| 2018-12-31 | CN¥3.05 | CN¥16.34 | x |
| 2019-12-31 | CN¥2.42 | CN¥16.34 | x |
| 2020-12-31 | CN¥3.08 | CN¥16.34 | x |
| 2021-12-31 | CN¥9.35 | CN¥16.34 | x |
| 2022-12-31 | CN¥22.39 | CN¥16.34 | x |
| 2023-12-31 | CN¥20.56 | CN¥16.34 | x |
| 2024-12-31 | CN¥18.76 | CN¥16.34 | x |
| 2025-12-31 | CN¥18.35 | CN¥16.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang Daqo New Energy 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): -2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.34%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.09x
- Recent ROE (-2.89%) is below the historical average (14.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -40.95% | -11.56% | 0.22x | 16.47x | CN¥-77.75 Million |
| 2014 | 26.51% | 20.41% | 0.27x | 4.78x | CN¥110.77 Million |
| 2015 | 12.36% | 11.25% | 0.28x | 3.93x | CN¥19.84 Million |
| 2016 | 25.08% | 21.66% | 0.35x | 3.32x | CN¥169.64 Million |
| 2017 | 37.45% | 31.01% | 0.49x | 2.45x | CN¥496.34 Million |
| 2018 | 13.45% | 20.32% | 0.34x | 1.95x | CN¥103.83 Million |
| 2019 | 7.42% | 10.18% | 0.27x | 2.74x | CN¥-85.89 Million |
| 2020 | 22.37% | 22.37% | 0.52x | 1.93x | CN¥576.99 Million |
| 2021 | 34.76% | 52.84% | 0.48x | 1.36x | CN¥4.08 Billion |
| 2022 | 41.99% | 61.80% | 0.59x | 1.15x | CN¥14.57 Billion |
| 2023 | 13.13% | 35.29% | 0.32x | 1.16x | CN¥1.37 Billion |
| 2024 | -6.77% | -36.68% | 0.17x | 1.10x | CN¥-6.73 Billion |
| 2025 | -2.89% | -23.34% | 0.11x | 1.09x | CN¥-5.04 Billion |
Industry Comparison
This section compares Xinjiang Daqo New Energy Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,885,892,022
- Average return on equity (ROE) among peers: 5.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang Daqo New Energy Co Ltd (688303) | CN¥38.17 Billion | -40.95% | 0.08x | $5.10 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.08 Billion | 4.19% | 0.36x | $421.30 Million |
| Hengyi Petrochemical Co Ltd (000703) | $8.33 Billion | 2.22% | 2.03x | $10.20 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.21 Billion | -6.73% | 1.10x | $815.80 Million |
| Luxi Chemical Group Co Ltd (000830) | $8.64 Billion | 2.92% | 1.90x | $3.27 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.10 Billion | 1.45% | 0.04x | $8.29 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $778.27 Million | 6.36% | 0.47x | $1.24 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $3.09 Billion | 1.64% | 1.12x | $1.40 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $798.90 Million |
| Zhejiang Transfar Co Ltd (002010) | $2.20 Billion | 7.86% | 0.81x | $1.84 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $477.95 Million |
About Xinjiang Daqo New Energy Co Ltd
Xinjiang Daqo New Energy Co.,Ltd. engages in the research and development, production, and sale of polysilicon products in China and internationally. The company offers P-type single crystal composite feed, P-type single crystal dense materials, large and small P-type monocrystalline coral materials, N-type single crystal material, and P-type single crystal loose materials. It also provides polyc… Read more