Swancor Advanced Materials Co Ltd
Swancor Advanced Materials Co., Ltd. researches, develops, produces, and sells corrosion-resistant materials, wind turbine blade materials, and new composite materials in China, Taiwan, and internationally. The company offers vinyl ester resins, special unsaturated polyester resins, infusion resins for wind turbine blades, hand lay-up resins, mold resins, adhesives, pultrusion resins for wind tur… Read more
Swancor Advanced Materials Co Ltd (688585) - Net Assets
Latest net assets as of September 2025: CN¥1.34 Billion CNY
Based on the latest financial reports, Swancor Advanced Materials Co Ltd (688585) has net assets worth CN¥1.34 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¥2.24 Billion) and total liabilities (CN¥905.97 Million). 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¥1.34 Billion |
| % of Total Assets | 59.63% |
| Annual Growth Rate | 4.73% |
| 5-Year Change | 19.34% |
| 10-Year Change | N/A |
| Growth Volatility | 8.98 |
Swancor Advanced Materials Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Swancor Advanced Materials 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 Swancor Advanced Materials Co Ltd (2016–2024)
The table below shows the annual net assets of Swancor Advanced Materials Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.27 Billion | +4.38% |
| 2023-12-31 | CN¥1.22 Billion | +6.16% |
| 2022-12-31 | CN¥1.15 Billion | +8.89% |
| 2021-12-31 | CN¥1.05 Billion | -1.10% |
| 2020-12-31 | CN¥1.06 Billion | +23.58% |
| 2019-12-31 | CN¥861.45 Million | +8.95% |
| 2018-12-31 | CN¥790.66 Million | -1.19% |
| 2017-12-31 | CN¥800.18 Million | -8.86% |
| 2016-12-31 | CN¥877.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Swancor Advanced Materials 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 93.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥462.96 Million | 36.56% |
| Common Stock | CN¥403.36 Million | 31.86% |
| Other Comprehensive Income | CN¥89.92 Million | 7.10% |
| Other Components | CN¥309.88 Million | 24.47% |
| Total Equity | CN¥1.27 Billion | 100.00% |
Swancor Advanced Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Swancor Advanced Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CRANE HOLDINGS CO. DL 1
F:P8Q
|
$2.14 Billion |
|
Boc International China Co Ltd
SHG:601696
|
$2.14 Billion |
|
Northwest Natural Gas Co
NYSE:NWN
|
$2.14 Billion |
|
Northam Platinum Holdings Limited
PINK:NPTLF
|
$2.14 Billion |
|
QinetiQ Group plc
PINK:QNTQF
|
$2.14 Billion |
|
YY Inc Class A
NASDAQ:YY
|
$2.14 Billion |
|
Inner Mongolia Dazhong Mining Co Ltd
SHE:001203
|
$2.14 Billion |
|
Solvay SA
PINK:SVYSF
|
$2.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swancor Advanced Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,213,523,164 to 1,266,118,642, a change of 52,595,478 (4.3%).
- Net income of 88,681,434 contributed positively to equity growth.
- Dividend payments of 24,493,359 reduced retained earnings.
- Other comprehensive income increased equity by 89,924,208.
- Other factors decreased equity by 101,516,805.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥88.68 Million | +7.0% |
| Dividends Paid | CN¥24.49 Million | -1.93% |
| Other Comprehensive Income | CN¥89.92 Million | +7.1% |
| Other Changes | CN¥-101.52 Million | -8.02% |
| Total Change | CN¥- | 4.33% |
Book Value vs Market Value Analysis
This analysis compares Swancor Advanced Materials 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: 39.51x
- 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 56.95x to 39.51x 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¥2.18 | CN¥124.01 | x |
| 2017-12-31 | CN¥2.17 | CN¥124.01 | x |
| 2018-12-31 | CN¥2.27 | CN¥124.01 | x |
| 2019-12-31 | CN¥2.14 | CN¥124.01 | x |
| 2020-12-31 | CN¥2.64 | CN¥124.01 | x |
| 2021-12-31 | CN¥2.61 | CN¥124.01 | x |
| 2022-12-31 | CN¥2.84 | CN¥124.01 | x |
| 2023-12-31 | CN¥3.08 | CN¥124.01 | x |
| 2024-12-31 | CN¥3.14 | CN¥124.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swancor Advanced Materials 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): 7.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.94%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.55x
- Recent ROE (7.00%) is below the historical average (7.24%), 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 | 13.98% | 10.91% | 0.87x | 1.47x | CN¥34.93 Million |
| 2017 | 6.45% | 5.04% | 0.84x | 1.52x | CN¥-28.40 Million |
| 2018 | 3.08% | 1.97% | 1.00x | 1.57x | CN¥-54.69 Million |
| 2019 | 9.09% | 5.80% | 1.00x | 1.56x | CN¥-7.88 Million |
| 2020 | 11.17% | 6.11% | 0.98x | 1.87x | CN¥12.50 Million |
| 2021 | 1.19% | 0.61% | 1.06x | 1.85x | CN¥-92.71 Million |
| 2022 | 7.34% | 4.52% | 1.02x | 1.59x | CN¥-30.50 Million |
| 2023 | 5.85% | 5.07% | 0.78x | 1.47x | CN¥-50.41 Million |
| 2024 | 7.00% | 5.94% | 0.76x | 1.55x | CN¥-37.93 Million |
Industry Comparison
This section compares Swancor Advanced Materials Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swancor Advanced Materials Co Ltd (688585) | CN¥1.34 Billion | 13.98% | 0.68x | $2.14 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |