CSI Solar Co. Ltd. A
CSI Solar Co., Ltd. designs, processes, produces, and sells solar modules and photovoltaic systems in China and internationally. It operates through Components Business and Energy Business segments. The company offers crystalline silicon photovoltaic modules, solar system kits, inverters, and solar energy and battery energy storage systems, as well as components, silicon rods, batteries, and batt… Read more
CSI Solar Co. Ltd. A (688472) - Net Assets
Latest net assets as of June 2025: CN¥23.29 Billion CNY
Based on the latest financial reports, CSI Solar Co. Ltd. A (688472) has net assets worth CN¥23.29 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥68.94 Billion) and total liabilities (CN¥45.64 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¥23.29 Billion |
| % of Total Assets | 33.79% |
| Annual Growth Rate | 34.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.74 |
CSI Solar Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how CSI Solar Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CSI Solar Co. Ltd. A (2021–2024)
The table below shows the annual net assets of CSI Solar Co. Ltd. A from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥22.88 Billion | +6.50% |
| 2023-12-31 | CN¥21.48 Billion | +83.01% |
| 2022-12-31 | CN¥11.74 Billion | +23.96% |
| 2021-12-31 | CN¥9.47 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CSI Solar Co. Ltd. A'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 131.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.93 Billion | 52.11% |
| Other Components | CN¥10.97 Billion | 47.89% |
| Total Equity | CN¥22.90 Billion | 100.00% |
CSI Solar Co. Ltd. A Competitors by Market Cap
The table below lists competitors of CSI Solar Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
K+S Aktiengesellschaft
XETRA:SDF
|
$2.17 Billion |
|
Retail Opportunity Investments
NASDAQ:ROIC
|
$2.18 Billion |
|
Beijing GeoEnviron Engineering
SHG:603588
|
$2.18 Billion |
|
Alarm.com Holdings Inc
NASDAQ:ALRM
|
$2.18 Billion |
|
Kalmar
HE:KALMAR
|
$2.17 Billion |
|
Seadrill Limited
NYSE:SDRL
|
$2.17 Billion |
|
Sh Belling
SHG:600171
|
$2.17 Billion |
|
Par Pacific Holdings Inc
NYSE:PARR
|
$2.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CSI Solar Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,418,275,846 to 22,901,516,044, a change of 1,483,240,198 (6.9%).
- Net income of 2,247,350,176 contributed positively to equity growth.
- Dividend payments of 831,422,843 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.25 Billion | +9.81% |
| Dividends Paid | CN¥831.42 Million | -3.63% |
| Other Changes | CN¥67.31 Million | +0.29% |
| Total Change | CN¥- | 6.93% |
Book Value vs Market Value Analysis
This analysis compares CSI Solar Co. Ltd. A'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: 2.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥0.00 | CN¥15.67 | x |
| 2022-12-31 | CN¥3.80 | CN¥15.67 | x |
| 2023-12-31 | CN¥5.81 | CN¥15.67 | x |
| 2024-12-31 | CN¥6.21 | CN¥15.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CSI Solar Co. Ltd. A 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): 9.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.87%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.85x
- Recent ROE (9.81%) is below the historical average (10.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.12% | 0.82x | 0.00x | CN¥34.98 Million |
| 2022 | 18.49% | 4.54% | 0.98x | 4.14x | CN¥990.54 Million |
| 2023 | 13.56% | 5.66% | 0.78x | 3.07x | CN¥761.55 Million |
| 2024 | 9.81% | 4.87% | 0.71x | 2.85x | CN¥-42.80 Million |
Industry Comparison
This section compares CSI Solar Co. Ltd. A'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 |
|---|---|---|---|---|
| CSI Solar Co. Ltd. A (688472) | CN¥23.29 Billion | 0.00% | 1.96x | $2.17 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $658.42 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.77 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 | $316.27 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.28 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.23 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $490.11 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.04 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $259.66 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.09 Billion |