Trina Solar Co Ltd (688599) - Net Assets
Based on the latest financial reports, Trina Solar Co Ltd (688599) has net assets worth CN¥27.25 Billion CNY (≈ $3.99 Billion USD) 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 ≈ $18.12 Billion USD) and total liabilities (CN¥96.57 Billion ≈ $14.13 Billion 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 688599 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Trina Solar Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market cap of Trina Solar Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥32.24 Billion ≈ $4.72 Billion |
-11.77% |
| 2023-12-31 | CN¥36.54 Billion ≈ $5.35 Billion |
+26.91% |
| 2022-12-31 | CN¥28.80 Billion ≈ $4.21 Billion |
+58.53% |
| 2021-12-31 | CN¥18.16 Billion ≈ $2.66 Billion |
+15.69% |
| 2020-12-31 | CN¥15.70 Billion ≈ $2.30 Billion |
+23.64% |
| 2019-12-31 | CN¥12.70 Billion ≈ $1.86 Billion |
+5.45% |
| 2018-12-31 | CN¥12.04 Billion ≈ $1.76 Billion |
+5.81% |
| 2017-12-31 | CN¥11.38 Billion ≈ $1.67 Billion |
+25.09% |
| 2016-12-31 | CN¥9.10 Billion ≈ $1.33 Billion |
+734.34% |
| 2015-12-31 | CN¥1.09 Billion ≈ $159.58 Million |
+8.94% |
| 2014-12-31 | CN¥1.00 Billion ≈ $146.49 Million |
+21.71% |
| 2013-12-31 | CN¥822.48 Million ≈ $120.35 Million |
-6.73% |
| 2012-12-31 | CN¥881.78 Million ≈ $129.03 Million |
-23.01% |
| 2011-12-31 | CN¥1.15 Billion ≈ $167.60 Million |
-2.41% |
| 2010-12-31 | CN¥1.17 Billion ≈ $171.74 Million |
+73.30% |
| 2009-12-31 | CN¥677.23 Million ≈ $99.10 Million |
+56.38% |
| 2008-12-31 | CN¥433.06 Million ≈ $63.37 Million |
+17.84% |
| 2007-12-31 | CN¥367.49 Million ≈ $53.78 Million |
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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 |
|---|---|
|
SIAM CEMENT UNSP.ADS/1
F:TCM
|
$5.95 Billion |
|
Chongyi Zhangyuan Tungsten Co Ltd
SHE:002378
|
$5.95 Billion |
|
Immunitybio Inc
NASDAQ:IBRX
|
$5.96 Billion |
|
Ringkjoebing Landbobank A/S
CO:RILBA
|
$5.96 Billion |
|
Matador Resources Company
NYSE:MTDR
|
$5.95 Billion |
|
Bullish
NYSE:BLSH
|
$5.95 Billion |
|
Ampol Ltd
AU:ALD
|
$5.95 Billion |
|
TMBThanachart Bank Public Company Limited
F:NVPJ
|
$5.95 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: 1.43x
- 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 111.99x to 1.43x 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¥17.36 | x |
| 2008-12-31 | CN¥0.16 | CN¥17.36 | x |
| 2009-12-31 | CN¥0.22 | CN¥17.36 | x |
| 2010-12-31 | CN¥0.31 | CN¥17.36 | x |
| 2011-12-31 | CN¥0.33 | CN¥17.36 | x |
| 2012-12-31 | CN¥0.25 | CN¥17.36 | x |
| 2013-12-31 | CN¥0.23 | CN¥17.36 | x |
| 2014-12-31 | CN¥0.23 | CN¥17.36 | x |
| 2015-12-31 | CN¥0.20 | CN¥17.36 | x |
| 2016-12-31 | CN¥2.02 | CN¥17.36 | x |
| 2017-12-31 | CN¥7.33 | CN¥17.36 | x |
| 2018-12-31 | CN¥6.51 | CN¥17.36 | x |
| 2019-12-31 | CN¥6.72 | CN¥17.36 | x |
| 2020-12-31 | CN¥7.29 | CN¥17.36 | x |
| 2021-12-31 | CN¥8.25 | CN¥17.36 | x |
| 2022-12-31 | CN¥12.24 | CN¥17.36 | x |
| 2023-12-31 | CN¥13.79 | CN¥17.36 | x |
| 2024-12-31 | CN¥12.18 | CN¥17.36 | 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: $1,905,214,340
- Average return on equity (ROE) among peers: 1.29%
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 | $5.95 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $2.83 Billion | 5.76% | 1.03x | $1.13 Billion |
| JA Solar Technology Co Ltd (002459) | $960.80 Million | -33.10% | 1.45x | $5.26 Billion |
| GCL System Integration Technology Co Ltd (002506) | $-4.52 Billion | 0.00% | 0.00x | $3.62 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.11 Billion | -4.61% | 0.76x | $617.25 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $919.78 Million | 1.87% | 1.00x | $2.70 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $51.95 Million | 42.38% | 1.12x | $1.23 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $284.91 Million | 14.67% | 0.47x | $697.90 Million |
| Risen Energy (300118) | $10.39 Billion | 9.00% | 2.69x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $797.43 Million | -33.14% | 0.75x | $956.81 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $5.23 Billion | 10.07% | 2.27x | $1.61 Billion |
About Trina Solar Co Ltd
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