Arctech Solar Holding Co Ltd (688408) - Net Assets
Based on the latest financial reports, Arctech Solar Holding Co Ltd (688408) has net assets worth CN¥3.91 Billion CNY (≈ $572.48 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥11.90 Billion ≈ $1.74 Billion USD) and total liabilities (CN¥7.99 Billion ≈ $1.17 Billion 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 688408 equity financing ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.91 Billion |
| % of Total Assets | 32.88% |
| Annual Growth Rate | 48.61% |
| 5-Year Change | 496.07% |
| 10-Year Change | N/A |
| Growth Volatility | 78.74 |
Arctech Solar Holding Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Arctech Solar Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688408 market cap overview.
Annual Net Assets for Arctech Solar Holding Co Ltd (2016–2025)
The table below shows the annual net assets of Arctech Solar Holding Co Ltd from 2016 to 2025. Also explore net asset momentum of Arctech Solar Holding Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥14.56 Billion ≈ $2.13 Billion |
+228.91% |
| 2024-12-31 | CN¥4.43 Billion ≈ $647.80 Million |
+57.29% |
| 2023-12-31 | CN¥2.81 Billion ≈ $411.86 Million |
+12.61% |
| 2022-12-31 | CN¥2.50 Billion ≈ $365.73 Million |
+2.32% |
| 2021-12-31 | CN¥2.44 Billion ≈ $357.45 Million |
-1.59% |
| 2020-12-31 | CN¥2.48 Billion ≈ $363.24 Million |
+178.96% |
| 2019-12-31 | CN¥889.82 Million ≈ $130.21 Million |
+17.57% |
| 2018-12-31 | CN¥756.87 Million ≈ $110.75 Million |
+14.71% |
| 2017-12-31 | CN¥659.79 Million ≈ $96.55 Million |
+60.19% |
| 2016-12-31 | CN¥411.88 Million ≈ $60.27 Million |
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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 2151.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.12 Billion | 26.11% |
| Other Comprehensive Income | CN¥4.26 Billion | 99.59% |
| Total Equity | CN¥4.27 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 |
|---|---|
|
Vulcan Energy Resources Limited
AU:VUL
|
$731.56 Million |
|
DL Holdings CO. LTD.
KO:000210
|
$731.92 Million |
|
Investment AB Oresund
ST:ORES
|
$731.95 Million |
|
China Railway Signal & Communication Corporation Limited
F:RS3
|
$731.95 Million |
|
Shenyang Blue Silver Ind Auto
SHE:300293
|
$731.47 Million |
|
Technocraft Industries (India) Limited
NSE:TIIL
|
$731.42 Million |
|
Depo Auto Parts Industrial Co Ltd
TW:6605
|
$731.38 Million |
|
Tes Touch Embedded Solutions
SHE:003019
|
$731.24 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 2024 to 2025, total equity changed from 4,410,386,351 to 4,273,117,000, a change of -137,269,351 (-3.1%).
- Net loss of 9,881,700 reduced equity.
- Dividend payments of 269,840,473 reduced retained earnings.
- Other comprehensive income increased equity by 4,060,550,212.
- Other factors decreased equity by 3,918,097,390.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-9.88 Million | -0.23% |
| Dividends Paid | CN¥269.84 Million | -6.31% |
| Other Comprehensive Income | CN¥4.06 Billion | +95.03% |
| Other Changes | CN¥-3.92 Billion | -91.69% |
| Total Change | CN¥- | -3.11% |
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: 1.06x
- 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 7.05x to 1.06x 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¥3.23 | CN¥22.82 | x |
| 2017-12-31 | CN¥4.51 | CN¥22.82 | x |
| 2018-12-31 | CN¥5.01 | CN¥22.82 | x |
| 2019-12-31 | CN¥5.85 | CN¥22.82 | x |
| 2020-12-31 | CN¥14.71 | CN¥22.82 | x |
| 2021-12-31 | CN¥11.98 | CN¥22.82 | x |
| 2022-12-31 | CN¥12.44 | CN¥22.82 | x |
| 2023-12-31 | CN¥13.89 | CN¥22.82 | x |
| 2024-12-31 | CN¥21.72 | CN¥22.82 | x |
| 2025-12-31 | CN¥21.62 | CN¥22.82 | 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): -0.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.14%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.41x
- Recent ROE (-0.23%) is below the historical average (8.64%), suggesting potential challenges in 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 |
| 2025 | -0.23% | -0.14% | 0.67x | 2.41x | CN¥-437.19 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: $1,407,947,144
- Average return on equity (ROE) among peers: 4.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arctech Solar Holding Co Ltd (688408) | CN¥3.91 Billion | 8.51% | 2.04x | $731.52 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $862.23 Million |
| JA Solar Technology Co Ltd (002459) | $1.30 Billion | 0.58% | 0.71x | $3.35 Billion |
| GCL System Integration Technology Co Ltd (002506) | $3.07 Billion | 7.18% | 0.46x | $2.13 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.13 Billion | -1.08% | 1.22x | $546.38 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $919.78 Million | 1.87% | 1.00x | $1.29 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $1.97 Billion | 6.34% | 0.36x | $1.02 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $794.28 Million | 5.50% | 0.24x | $686.20 Million |
| Risen Energy (300118) | $1.96 Billion | -24.50% | 1.05x | $1.54 Billion |
| Lingda Group Co Ltd (300125) | $1.12 Billion | 1.95% | 0.33x | $878.86 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $108.68 Million | 41.12% | 1.06x | $993.35 Million |
About Arctech Solar Holding Co Ltd
Arctech Solar Holding Co., Ltd., together with its subsidiaries, manufactures and supplies integrated photovoltaic power generation system solutions and products in China and internationally. The company offers solar trackers; fixed-tilt structures; flexible PV mounting systems; PV cleaning robots; utility-scale, commercial, and industrial energy storage; balcony solar kits and building integrate… Read more