Suzhou Veichi Electric Co. Ltd. A (688698) - Net Assets
Based on the latest financial reports, Suzhou Veichi Electric Co. Ltd. A (688698) has net assets worth CN¥2.35 Billion CNY (≈ $343.23 Million 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¥3.64 Billion ≈ $532.13 Million USD) and total liabilities (CN¥1.29 Billion ≈ $188.90 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. See how leveraged is Suzhou Veichi Electric Co. Ltd. A's balance sheet to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.35 Billion |
| % of Total Assets | 64.5% |
| Annual Growth Rate | 42.35% |
| 5-Year Change | 177.09% |
| 10-Year Change | N/A |
| Growth Volatility | 62.29 |
Suzhou Veichi Electric Co. Ltd. A - Net Assets Trend (2017–2024)
This chart illustrates how Suzhou Veichi Electric Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Suzhou Veichi Electric Co. Ltd. A market cap and net worth.
Annual Net Assets for Suzhou Veichi Electric Co. Ltd. A (2017–2024)
The table below shows the annual net assets of Suzhou Veichi Electric Co. Ltd. A from 2017 to 2024. Also explore 688698 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.11 Billion ≈ $309.40 Million |
+9.26% |
| 2023-12-31 | CN¥1.94 Billion ≈ $283.18 Million |
+97.65% |
| 2022-12-31 | CN¥979.10 Million ≈ $143.27 Million |
+12.95% |
| 2021-12-31 | CN¥866.83 Million ≈ $126.84 Million |
+13.60% |
| 2020-12-31 | CN¥763.07 Million ≈ $111.66 Million |
+187.47% |
| 2019-12-31 | CN¥265.44 Million ≈ $38.84 Million |
+30.13% |
| 2018-12-31 | CN¥203.98 Million ≈ $29.85 Million |
+14.27% |
| 2017-12-31 | CN¥178.50 Million ≈ $26.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Suzhou Veichi Electric 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 364.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥556.32 Million | 26.59% |
| Common Stock | CN¥211.38 Million | 10.10% |
| Other Comprehensive Income | CN¥105.99 Million | 5.07% |
| Other Components | CN¥1.22 Billion | 58.25% |
| Total Equity | CN¥2.09 Billion | 100.00% |
Suzhou Veichi Electric Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Suzhou Veichi Electric Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gansu Jiu Steel Group Hongxing Iron & Steel Co Ltd
SHG:600307
|
$1.36 Billion |
|
Shanghai Cooltech Power Co Ltd
SHE:300153
|
$1.36 Billion |
|
Sakura Development Co Ltd
TW:2539
|
$1.36 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
$1.36 Billion |
|
Zhejiang Huatie Constr Safety
SHG:603300
|
$1.36 Billion |
|
Genting Plantations Bhd
KLSE:2291
|
$1.36 Billion |
|
Nordic American Tankers Limited
NYSE:NAT
|
$1.36 Billion |
|
SFL Corporation Ltd
F:UG6
|
$1.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Veichi Electric Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,929,831,123 to 2,092,499,008, a change of 162,667,885 (8.4%).
- Net income of 245,027,277 contributed positively to equity growth.
- Dividend payments of 88,789,451 reduced retained earnings.
- Share repurchases of 20,011,832 reduced equity.
- Other comprehensive income increased equity by 105,987,726.
- Other factors decreased equity by 79,545,835.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥245.03 Million | +11.71% |
| Dividends Paid | CN¥88.79 Million | -4.24% |
| Share Repurchases | CN¥20.01 Million | -0.96% |
| Other Comprehensive Income | CN¥105.99 Million | +5.07% |
| Other Changes | CN¥-79.55 Million | -3.8% |
| Total Change | CN¥- | 8.43% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Veichi Electric 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: 4.36x
- 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 33.34x to 4.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.30 | CN¥43.30 | x |
| 2018-12-31 | CN¥1.50 | CN¥43.30 | x |
| 2019-12-31 | CN¥1.98 | CN¥43.30 | x |
| 2020-12-31 | CN¥5.66 | CN¥43.30 | x |
| 2021-12-31 | CN¥4.78 | CN¥43.30 | x |
| 2022-12-31 | CN¥5.47 | CN¥43.30 | x |
| 2023-12-31 | CN¥10.22 | CN¥43.30 | x |
| 2024-12-31 | CN¥9.94 | CN¥43.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Veichi Electric 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): 11.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.94%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.47x
- Recent ROE (11.71%) is below the historical average (14.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 17.71% | 9.79% | 0.85x | 2.12x | CN¥13.76 Million |
| 2018 | 17.30% | 9.88% | 0.86x | 2.04x | CN¥14.88 Million |
| 2019 | 21.68% | 12.90% | 0.99x | 1.70x | CN¥31.01 Million |
| 2020 | 11.47% | 15.30% | 0.53x | 1.41x | CN¥11.25 Million |
| 2021 | 14.63% | 15.48% | 0.65x | 1.46x | CN¥40.11 Million |
| 2022 | 14.27% | 15.44% | 0.62x | 1.50x | CN¥41.86 Million |
| 2023 | 9.89% | 14.62% | 0.51x | 1.32x | CN¥-2.18 Million |
| 2024 | 11.71% | 14.94% | 0.53x | 1.47x | CN¥35.78 Million |
Industry Comparison
This section compares Suzhou Veichi Electric Co. Ltd. A's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $916,926,324
- Average return on equity (ROE) among peers: 3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Veichi Electric Co. Ltd. A (688698) | CN¥2.35 Billion | 17.71% | 0.55x | $1.36 Billion |
| Huayi Compressor Co Ltd (000404) | $1.12 Billion | 9.22% | 3.23x | $700.70 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.55 Billion | 9.14% | 5.77x | $2.16 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $137.29 Million | 0.92% | 0.66x | $3.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.06 Billion | 6.63% | 0.45x | $457.86 Million |
| Changchai Co Ltd (000570) | $376.02 Million | 53.26% | 1.68x | $427.72 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.12 Billion | -70.12% | 3.14x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $434.81 Million | 0.07% | 1.59x | $878.09 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.00 Billion | 11.10% | 0.64x | $938.65 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $738.00 Million | 11.68% | 0.18x | $683.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $637.23 Million | 7.17% | 0.71x | $1.45 Billion |
About Suzhou Veichi Electric Co. Ltd. A
Suzhou Veichi Electric Co., Ltd. engages in the research and development, procurement, production, and sale of industrial automation control products in China and internationally. The company offers long voltage drives, Servo systems, PLC, HMI, medium voltage drives, multi-motor drives, four-quadrant inverters, VFD accessories, and robot core components; and industrial robot products, such as six… Read more