Arctech Solar Holding Co Ltd
Arctech Solar Holding Co., Ltd. manufactures and supplies solar trackers, fixed-tilt structures, cleaning robots, and energy storage solutions worldwide. The company offers solar tracking and racking systems; Mounting System, Tracking System; Cleaning Robot; photovoltaic tracking bracket systems, fixed bracket systems, flexible, Support systems, BIPV solutions. It has a production capacity of app… Read more
Arctech Solar Holding Co Ltd (688408) - Net Assets
Latest net assets as of September 2025: CN¥4.27 Billion CNY
Based on the latest financial reports, Arctech Solar Holding Co Ltd (688408) has net assets worth CN¥4.27 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¥9.93 Billion) and total liabilities (CN¥5.66 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¥4.27 Billion |
| % of Total Assets | 43.03% |
| Annual Growth Rate | 34.56% |
| 5-Year Change | 78.34% |
| 10-Year Change | N/A |
| Growth Volatility | 55.9 |
Arctech Solar Holding Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Arctech Solar Holding 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 Arctech Solar Holding Co Ltd (2016–2024)
The table below shows the annual net assets of Arctech Solar Holding Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.43 Billion | +57.29% |
| 2023-12-31 | CN¥2.81 Billion | +12.61% |
| 2022-12-31 | CN¥2.50 Billion | +2.32% |
| 2021-12-31 | CN¥2.44 Billion | -1.59% |
| 2020-12-31 | CN¥2.48 Billion | +178.96% |
| 2019-12-31 | CN¥889.82 Million | +17.57% |
| 2018-12-31 | CN¥756.87 Million | +14.71% |
| 2017-12-31 | CN¥659.79 Million | +60.19% |
| 2016-12-31 | CN¥411.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Arctech Solar Holding 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 2617.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.35 Billion | 30.53% |
| Common Stock | CN¥218.52 Million | 4.95% |
| Other Comprehensive Income | CN¥194.84 Million | 4.42% |
| Other Components | CN¥2.65 Billion | 60.10% |
| Total Equity | CN¥4.41 Billion | 100.00% |
Arctech Solar Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Arctech Solar Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TVS Holdings Limited
NSE:TVSHLTD
|
$770.31 Million |
|
Guizhou Bailing Group Pharmaceutical Co Ltd
SHE:002424
|
$770.63 Million |
|
InMode Ltd
NASDAQ:INMD
|
$770.93 Million |
|
TRTPF
PINK:TRTPF
|
$771.14 Million |
|
PTT OIL+RET.BUS.-FOR-BA10
F:7F8
|
$770.02 Million |
|
Jiangsu Yahong Meditech Co. Ltd.
SHG:688176
|
$769.25 Million |
|
SeaWorld Entertainment Inc
F:W2L
|
$769.17 Million |
|
Purecycle Technologies Holdings Corp
NASDAQ:PCT
|
$769.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arctech Solar Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,802,439,772 to 4,410,386,351, a change of 1,607,946,579 (57.4%).
- Net income of 631,518,811 contributed positively to equity growth.
- Dividend payments of 165,786,517 reduced retained earnings.
- Share repurchases of 24,788,555 reduced equity.
- Other comprehensive income increased equity by 31,911,023.
- Other factors increased equity by 1,135,091,817.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥631.52 Million | +14.32% |
| Dividends Paid | CN¥165.79 Million | -3.76% |
| Share Repurchases | CN¥24.79 Million | -0.56% |
| Other Comprehensive Income | CN¥31.91 Million | +0.72% |
| Other Changes | CN¥1.14 Billion | +25.74% |
| Total Change | CN¥- | 57.38% |
Book Value vs Market Value Analysis
This analysis compares Arctech Solar Holding 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: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.27x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥4.82 | CN¥44.66 | x |
| 2017-12-31 | CN¥6.72 | CN¥44.66 | x |
| 2018-12-31 | CN¥7.47 | CN¥44.66 | x |
| 2019-12-31 | CN¥8.78 | CN¥44.66 | x |
| 2020-12-31 | CN¥18.29 | CN¥44.66 | x |
| 2021-12-31 | CN¥17.98 | CN¥44.66 | x |
| 2022-12-31 | CN¥18.39 | CN¥44.66 | x |
| 2023-12-31 | CN¥20.56 | CN¥44.66 | x |
| 2024-12-31 | CN¥21.72 | CN¥44.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arctech Solar Holding 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): 14.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.00%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 2.25x
- Recent ROE (14.32%) is above the historical average (9.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.51% | 4.57% | 0.79x | 2.34x | CN¥-6.16 Million |
| 2017 | 6.54% | 2.73% | 1.10x | 2.18x | CN¥-22.80 Million |
| 2018 | 12.85% | 4.69% | 0.90x | 3.04x | CN¥21.56 Million |
| 2019 | 18.23% | 7.11% | 0.92x | 2.78x | CN¥73.27 Million |
| 2020 | 11.50% | 9.13% | 0.67x | 1.88x | CN¥37.26 Million |
| 2021 | 0.62% | 0.62% | 0.47x | 2.12x | CN¥-229.00 Million |
| 2022 | 1.78% | 1.20% | 0.66x | 2.24x | CN¥-205.11 Million |
| 2023 | 12.31% | 5.40% | 0.78x | 2.91x | CN¥64.80 Million |
| 2024 | 14.32% | 7.00% | 0.91x | 2.25x | CN¥190.48 Million |
Industry Comparison
This section compares Arctech Solar Holding Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,629,795,698
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arctech Solar Holding Co Ltd (688408) | CN¥4.27 Billion | 8.51% | 1.32x | $770.04 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $670.55 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.78 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.29 Billion | 1.05% | 3.39x | $2.32 Billion |
| Changzhou Almaden Co Ltd (002623) | $40.18 Million | 14.90% | 1.71x | $313.43 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.32 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $512.56 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.05 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $258.47 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.13 Billion |