Changzhou Fusion New Material Co. Ltd. A (688503) - Net Assets
Based on the latest financial reports, Changzhou Fusion New Material Co. Ltd. A (688503) has net assets worth CN¥4.75 Billion CNY (≈ $694.83 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.46 Billion ≈ $1.38 Billion USD) and total liabilities (CN¥4.71 Billion ≈ $689.83 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 688503 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.75 Billion |
| % of Total Assets | 50.18% |
| Annual Growth Rate | 47.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 112.58 |
Changzhou Fusion New Material Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Changzhou Fusion New Material Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Changzhou Fusion New Material Co. Ltd. A for the complete picture of this company's asset base.
Annual Net Assets for Changzhou Fusion New Material Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Changzhou Fusion New Material Co. Ltd. A from 2020 to 2024. For live valuation and market cap data, see Changzhou Fusion New Material Co. Ltd. A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.64 Billion ≈ $679.32 Million |
-5.64% |
| 2023-12-31 | CN¥4.92 Billion ≈ $719.93 Million |
+8.20% |
| 2022-12-31 | CN¥4.55 Billion ≈ $665.38 Million |
+267.96% |
| 2021-12-31 | CN¥1.24 Billion ≈ $180.83 Million |
+24.95% |
| 2020-12-31 | CN¥988.96 Million ≈ $144.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changzhou Fusion New Material 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 652.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.34 Billion | 28.79% |
| Other Components | CN¥3.31 Billion | 71.21% |
| Total Equity | CN¥4.64 Billion | 100.00% |
Changzhou Fusion New Material Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Changzhou Fusion New Material Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Netwealth Group Ltd
AU:NWL
|
$3.91 Billion |
|
Corporación Moctezuma S.A.B. de C.V
MX:CMOCTEZ
|
$3.91 Billion |
|
Sona BLW Precision Forgings Limited
NSE:SONACOMS
|
$3.92 Billion |
|
Titan Cement International SA
BR:TITC
|
$3.92 Billion |
|
Indivior PLC Ordinary Shares
NASDAQ:INDV
|
$3.91 Billion |
|
BGC Group Inc.
NASDAQ:BGC
|
$3.91 Billion |
|
PT Trimegah Bangun Persada Tbk
JK:NCKL
|
$3.91 Billion |
|
AUMOVIO N
XETRA:AMV0
|
$3.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Fusion New Material Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,919,843,399 to 4,644,421,160, a change of -275,422,239 (-5.6%).
- Net income of 418,009,685 contributed positively to equity growth.
- Dividend payments of 184,784,873 reduced retained earnings.
- Other factors decreased equity by 508,647,051.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥418.01 Million | +9.0% |
| Dividends Paid | CN¥184.78 Million | -3.98% |
| Other Changes | CN¥-508.65 Million | -10.95% |
| Total Change | CN¥- | -5.60% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Fusion New Material 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: 5.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.54x to 5.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥5.38 | CN¥110.50 | x |
| 2021-12-31 | CN¥6.72 | CN¥110.50 | x |
| 2022-12-31 | CN¥18.55 | CN¥110.50 | x |
| 2023-12-31 | CN¥20.07 | CN¥110.50 | x |
| 2024-12-31 | CN¥19.19 | CN¥110.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Fusion New Material 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): 9.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.35%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.72x
- Recent ROE (9.00%) is below the historical average (11.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.56% | 4.96% | 1.68x | 1.51x | CN¥25.35 Million |
| 2021 | 19.97% | 4.85% | 1.77x | 2.32x | CN¥123.20 Million |
| 2022 | 8.60% | 6.01% | 1.12x | 1.28x | CN¥-63.50 Million |
| 2023 | 8.99% | 4.30% | 1.37x | 1.52x | CN¥-49.90 Million |
| 2024 | 9.00% | 3.35% | 1.57x | 1.72x | CN¥-46.43 Million |
Industry Comparison
This section compares Changzhou Fusion New Material Co. Ltd. A's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $5,492,353,865
- Average return on equity (ROE) among peers: 1.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Fusion New Material Co. Ltd. A (688503) | CN¥4.75 Billion | 12.56% | 0.99x | $3.91 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $4.19 Billion | 0.26% | 0.63x | $1.17 Billion |
| JA Solar Technology Co Ltd (002459) | $28.53 Billion | -16.32% | 2.96x | $5.28 Billion |
| GCL System Integration Technology Co Ltd (002506) | $3.03 Billion | -1.81% | 1.38x | $3.76 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.07 Billion | 2.97% | 0.11x | $623.36 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $376.87 Million | 16.83% | 0.83x | $2.75 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $1.91 Billion | 1.43% | 0.45x | $1.24 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $857.17 Million | 1.36% | 0.68x | $701.69 Million |
| Risen Energy (300118) | $8.40 Billion | 2.77% | 1.24x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $1.12 Billion | 0.72% | 0.76x | $931.48 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $4.44 Billion | 2.18% | 1.19x | $1.78 Billion |
About Changzhou Fusion New Material Co. Ltd. A
Changzhou Fusion New Material Co., Ltd. engages in the research and development, production, and sale of conductive silver paste, electronic component paste, conductive adhesive, and semiconductor materials for photovoltaic industry in China and internationally. The company manufactures special electronic and metal materials; optoelectronic devices; synthetic materials; electronic raw materials a… Read more