Trina Solar Co Ltd

SHG:688599 China Solar
Market Cap
$6.09 Billion
CN¥44.65 Billion CNY
Market Cap Rank
#3984 Global
#377 in China
Share Price
CN¥19.06
Change (1 day)
-2.76%
52-Week Range
CN¥12.92 - CN¥23.33
All Time High
CN¥85.92
Categories
Companies in China Solar
About

Trina Solar Co., Ltd. engages in the research and development, production, and sales of photovoltaic (PV) modules in China, Europe, North and Latin America, the United States, Japan, the Asia Pacific, the Middle East, and Africa. It offers silicon photovoltaic modules and monocrystalline silicon cell. The company also provides solutions, such as solar modules, inverters, and battery storage. In a… Read more

Trina Solar Co Ltd (688599) - Net Assets

Latest net assets as of September 2025: CN¥27.25 Billion CNY

Based on the latest financial reports, Trina Solar Co Ltd (688599) has net assets worth CN¥27.25 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¥123.83 Billion) and total liabilities (CN¥96.57 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¥27.25 Billion
% of Total Assets 22.01%
Annual Growth Rate 30.1%
5-Year Change 105.35%
10-Year Change 2856.45%
Growth Volatility 170.24

Trina Solar Co Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Trina Solar 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 Trina Solar Co Ltd (2007–2024)

The table below shows the annual net assets of Trina Solar Co Ltd from 2007 to 2024.

Year Net Assets Change
2024-12-31 CN¥32.24 Billion -11.77%
2023-12-31 CN¥36.54 Billion +26.91%
2022-12-31 CN¥28.80 Billion +58.53%
2021-12-31 CN¥18.16 Billion +15.69%
2020-12-31 CN¥15.70 Billion +23.64%
2019-12-31 CN¥12.70 Billion +5.45%
2018-12-31 CN¥12.04 Billion +5.81%
2017-12-31 CN¥11.38 Billion +25.09%
2016-12-31 CN¥9.10 Billion +734.34%
2015-12-31 CN¥1.09 Billion +8.94%
2014-12-31 CN¥1.00 Billion +21.71%
2013-12-31 CN¥822.48 Million -6.73%
2012-12-31 CN¥881.78 Million -23.01%
2011-12-31 CN¥1.15 Billion -2.41%
2010-12-31 CN¥1.17 Billion +73.30%
2009-12-31 CN¥677.23 Million +56.38%
2008-12-31 CN¥433.06 Million +17.84%
2007-12-31 CN¥367.49 Million --

Equity Component Analysis

This analysis shows how different components contribute to Trina Solar 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 11639.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.03 Billion 22.85%
Common Stock CN¥2.18 Billion 8.26%
Other Components CN¥18.17 Billion 68.88%
Total Equity CN¥26.38 Billion 100.00%

Trina Solar Co Ltd Competitors by Market Cap

The table below lists competitors of Trina Solar Co Ltd ranked by their market capitalization.

Company Market Cap
Supreme Industries Limited
NSE:SUPREMEIND
 		$2.94 Billion
Q2 Holdings
NYSE:QTWO
 		$2.94 Billion
JCHX Mining Management Co Ltd
SHG:603979
 		$2.94 Billion
Wuhan Guide Infrared Co Ltd
SHE:002414
 		$2.95 Billion
Viridian Therapeutics Inc
NASDAQ:VRDN
 		$2.94 Billion
Vault Minerals Limited
F:RKM0
 		$2.94 Billion
Smoore International Holdings Limited
PINK:SMORF
 		$2.94 Billion
China Resources Microelectronics Ltd
SHG:688396
 		$2.94 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Trina Solar Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 31,526,425,150 to 26,377,754,000, a change of -5,148,671,150 (-16.3%).
  • Net loss of 471,738,590 reduced equity.
  • Dividend payments of 2,650,557,000 reduced retained earnings.
  • Share repurchases of 259,827,000 reduced equity.
  • Other factors decreased equity by 1,766,548,560.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-471.74 Million -1.79%
Dividends Paid CN¥2.65 Billion -10.05%
Share Repurchases CN¥259.83 Million -0.99%
Other Changes CN¥-1.77 Billion -6.7%
Total Change CN¥- -16.33%

Book Value vs Market Value Analysis

This analysis compares Trina Solar 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: 1.56x
  • 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 122.96x to 1.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2007-12-31 CN¥0.16 CN¥19.06 x
2008-12-31 CN¥0.16 CN¥19.06 x
2009-12-31 CN¥0.22 CN¥19.06 x
2010-12-31 CN¥0.31 CN¥19.06 x
2011-12-31 CN¥0.33 CN¥19.06 x
2012-12-31 CN¥0.25 CN¥19.06 x
2013-12-31 CN¥0.23 CN¥19.06 x
2014-12-31 CN¥0.23 CN¥19.06 x
2015-12-31 CN¥0.20 CN¥19.06 x
2016-12-31 CN¥2.02 CN¥19.06 x
2017-12-31 CN¥7.33 CN¥19.06 x
2018-12-31 CN¥6.51 CN¥19.06 x
2019-12-31 CN¥6.72 CN¥19.06 x
2020-12-31 CN¥7.29 CN¥19.06 x
2021-12-31 CN¥8.25 CN¥19.06 x
2022-12-31 CN¥12.24 CN¥19.06 x
2023-12-31 CN¥13.79 CN¥19.06 x
2024-12-31 CN¥12.18 CN¥19.06 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trina Solar 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): -1.79%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -4.29%
  • • Asset Turnover: 0.09x
  • • Equity Multiplier: 4.70x
  • Recent ROE (-1.79%) is below the historical average (2.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2007 9.72% 11.84% 0.50x 1.63x CN¥-1.02 Million
2008 14.17% 7.38% 0.88x 2.17x CN¥18.05 Million
2009 14.41% 11.55% 0.55x 2.29x CN¥29.86 Million
2010 26.54% 16.77% 0.87x 1.82x CN¥194.09 Million
2011 -3.30% -1.85% 0.71x 2.51x CN¥-152.33 Million
2012 -30.24% -20.56% 0.45x 3.25x CN¥-354.71 Million
2013 -8.76% -4.06% 0.69x 3.12x CN¥-154.25 Million
2014 6.10% 2.60% 0.71x 3.29x CN¥-37.95 Million
2015 7.28% 2.52% 0.65x 4.47x CN¥-28.56 Million
2016 5.61% 2.12% 0.61x 4.36x CN¥-374.62 Million
2017 0.78% 2.07% 0.11x 3.44x CN¥-991.68 Million
2018 0.71% 2.23% 0.12x 2.61x CN¥-1.05 Billion
2019 0.77% 2.75% 0.09x 3.05x CN¥-1.10 Billion
2020 1.25% 4.18% 0.10x 3.02x CN¥-1.32 Billion
2021 1.66% 4.06% 0.11x 3.71x CN¥-1.43 Billion
2022 2.03% 4.33% 0.14x 3.42x CN¥-2.10 Billion
2023 2.47% 4.87% 0.13x 3.82x CN¥-2.37 Billion
2024 -1.79% -4.29% 0.09x 4.70x CN¥-3.11 Billion

Industry Comparison

This section compares Trina Solar Co Ltd'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
Trina Solar Co Ltd (688599) CN¥27.25 Billion 9.72% 3.54x $2.94 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