Swancor Advanced Materials Co Ltd (688585) - Net Assets
Based on the latest financial reports, Swancor Advanced Materials Co Ltd (688585) has net assets worth CN¥1.30 Billion CNY (≈ $190.92 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.24 Billion ≈ $327.96 Million USD) and total liabilities (CN¥936.51 Million ≈ $137.04 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 Swancor Advanced Materials Co Ltd (688585) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.30 Billion |
| % of Total Assets | 58.21% |
| Annual Growth Rate | 17.17% |
| 5-Year Change | 246.98% |
| 10-Year Change | N/A |
| Growth Volatility | 57.96 |
Swancor Advanced Materials Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Swancor Advanced Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688585 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Swancor Advanced Materials Co Ltd (2016–2025)
The table below shows the annual net assets of Swancor Advanced Materials Co Ltd from 2016 to 2025. For live valuation and market cap data, see 688585 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.65 Billion ≈ $534.56 Million |
+187.54% |
| 2024-12-31 | CN¥1.27 Billion ≈ $185.91 Million |
+4.38% |
| 2023-12-31 | CN¥1.22 Billion ≈ $178.10 Million |
+6.16% |
| 2022-12-31 | CN¥1.15 Billion ≈ $167.77 Million |
+8.89% |
| 2021-12-31 | CN¥1.05 Billion ≈ $154.06 Million |
-1.10% |
| 2020-12-31 | CN¥1.06 Billion ≈ $155.78 Million |
+23.58% |
| 2019-12-31 | CN¥861.45 Million ≈ $126.06 Million |
+8.95% |
| 2018-12-31 | CN¥790.66 Million ≈ $115.70 Million |
-1.19% |
| 2017-12-31 | CN¥800.18 Million ≈ $117.09 Million |
-8.86% |
| 2016-12-31 | CN¥877.97 Million ≈ $128.48 Million |
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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 104.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥491.01 Million | 36.69% |
| Other Comprehensive Income | CN¥1.33 Billion | 99.68% |
| Total Equity | CN¥1.34 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 |
|---|---|
|
Akbank TAS
IS:AKBNK
|
$9.53 Billion |
|
Tianshui Huatian Technology Co Ltd
SHE:002185
|
$9.54 Billion |
|
MOWI ASA SP.ADR
F:PNDA
|
$9.54 Billion |
|
TMX Group Limited
TO:X
|
$9.55 Billion |
|
Godaddy Inc
NYSE:GDDY
|
$9.51 Billion |
|
Enel Américas S.A
SN:ENELAM
|
$9.50 Billion |
|
Tripod Technology Corp
TW:3044
|
$9.49 Billion |
|
Skechers USA Inc
NYSE:SKX
|
$9.49 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 2024 to 2025, total equity changed from 1,266,118,642 to 1,338,171,674, a change of 72,053,032 (5.7%).
- Net income of 40,950,000 contributed positively to equity growth.
- Dividend payments of 13,111,928 reduced retained earnings.
- Other comprehensive income increased equity by 1,243,953,682.
- Other factors decreased equity by 1,199,738,722.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥40.95 Million | +3.06% |
| Dividends Paid | CN¥13.11 Million | -0.98% |
| Other Comprehensive Income | CN¥1.24 Billion | +92.96% |
| Other Changes | CN¥-1.20 Billion | -89.66% |
| Total Change | CN¥- | 5.69% |
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: 49.38x
- 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 74.10x to 49.38x 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¥161.35 | x |
| 2017-12-31 | CN¥2.22 | CN¥161.35 | x |
| 2018-12-31 | CN¥2.20 | CN¥161.35 | x |
| 2019-12-31 | CN¥2.42 | CN¥161.35 | x |
| 2020-12-31 | CN¥2.86 | CN¥161.35 | x |
| 2021-12-31 | CN¥2.51 | CN¥161.35 | x |
| 2022-12-31 | CN¥2.86 | CN¥161.35 | x |
| 2023-12-31 | CN¥3.08 | CN¥161.35 | x |
| 2024-12-31 | CN¥3.14 | CN¥161.35 | x |
| 2025-12-31 | CN¥3.27 | CN¥161.35 | 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): 3.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.28%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.73x
- Recent ROE (3.06%) is below the historical average (6.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | 3.06% | 2.28% | 0.78x | 1.73x | CN¥-92.87 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: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swancor Advanced Materials Co Ltd (688585) | CN¥1.30 Billion | 13.98% | 0.72x | $9.52 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About 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. It 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 turbine blad… Read more