XTC New Energy Materials Xiamen Co Ltd (688778) - Net Assets
Based on the latest financial reports, XTC New Energy Materials Xiamen Co Ltd (688778) has net assets worth CN¥9.43 Billion CNY (≈ $1.38 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¥17.41 Billion ≈ $2.55 Billion USD) and total liabilities (CN¥7.99 Billion ≈ $1.17 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 688778 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.43 Billion |
| % of Total Assets | 54.14% |
| Annual Growth Rate | 43.31% |
| 5-Year Change | 402.01% |
| 10-Year Change | N/A |
| Growth Volatility | 49.78 |
XTC New Energy Materials Xiamen Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how XTC New Energy Materials Xiamen Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688778 asset base for the complete picture of this company's asset base.
Annual Net Assets for XTC New Energy Materials Xiamen Co Ltd (2017–2024)
The table below shows the annual net assets of XTC New Energy Materials Xiamen Co Ltd from 2017 to 2024. For live valuation and market cap data, see XTC New Energy Materials Xiamen Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.06 Billion ≈ $1.33 Billion |
+2.52% |
| 2023-12-31 | CN¥8.84 Billion ≈ $1.29 Billion |
+5.86% |
| 2022-12-31 | CN¥8.35 Billion ≈ $1.22 Billion |
+120.19% |
| 2021-12-31 | CN¥3.79 Billion ≈ $554.92 Million |
+110.07% |
| 2020-12-31 | CN¥1.81 Billion ≈ $264.16 Million |
+15.14% |
| 2019-12-31 | CN¥1.57 Billion ≈ $229.42 Million |
+93.46% |
| 2018-12-31 | CN¥810.39 Million ≈ $118.59 Million |
+11.07% |
| 2017-12-31 | CN¥729.63 Million ≈ $106.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to XTC New Energy Materials Xiamen 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 1366.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.12 Billion | 24.31% |
| Common Stock | CN¥420.77 Million | 4.82% |
| Other Comprehensive Income | CN¥206.68 Million | 2.37% |
| Other Components | CN¥5.99 Billion | 68.51% |
| Total Equity | CN¥8.74 Billion | 100.00% |
XTC New Energy Materials Xiamen Co Ltd Competitors by Market Cap
The table below lists competitors of XTC New Energy Materials Xiamen Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vishal Mega Mart Ord Shs
NSE:VMM
|
$6.28 Billion |
|
Ningbo Orient Wires and Cables Co Ltd
SHG:603606
|
$6.28 Billion |
|
Zhuzhou CRRC Times Electric Co Ltd
SHG:688187
|
$6.28 Billion |
|
Jiangsu Yoke Technology Co Ltd
SHE:002409
|
$6.28 Billion |
|
Mycronic publ AB
ST:MYCR
|
$6.27 Billion |
|
China Resources Sanjiu Medical & Pharmaceutical Co Ltd
SHE:000999
|
$6.27 Billion |
|
Eldorado Gold Corp
TO:ELD
|
$6.27 Billion |
|
Bank Millennium S.A.
WAR:MIL
|
$6.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XTC New Energy Materials Xiamen Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,581,562,083 to 8,737,380,395, a change of 155,818,312 (1.8%).
- Net income of 494,073,840 contributed positively to equity growth.
- Dividend payments of 326,425,093 reduced retained earnings.
- Share repurchases of 35,686,512 reduced equity.
- Other comprehensive income increased equity by 4,097,224.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥494.07 Million | +5.65% |
| Dividends Paid | CN¥326.43 Million | -3.74% |
| Share Repurchases | CN¥35.69 Million | -0.41% |
| Other Comprehensive Income | CN¥4.10 Million | +0.05% |
| Other Changes | CN¥19.76 Million | +0.23% |
| Total Change | CN¥- | 1.82% |
Book Value vs Market Value Analysis
This analysis compares XTC New Energy Materials Xiamen 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: 4.90x
- 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 12.75x to 4.90x 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¥6.67 | CN¥84.98 | x |
| 2018-12-31 | CN¥1.77 | CN¥84.98 | x |
| 2019-12-31 | CN¥3.58 | CN¥84.98 | x |
| 2020-12-31 | CN¥5.51 | CN¥84.98 | x |
| 2021-12-31 | CN¥10.61 | CN¥84.98 | x |
| 2022-12-31 | CN¥16.24 | CN¥84.98 | x |
| 2023-12-31 | CN¥17.00 | CN¥84.98 | x |
| 2024-12-31 | CN¥17.35 | CN¥84.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XTC New Energy Materials Xiamen 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): 5.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.72%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.69x
- Recent ROE (5.65%) is below the historical average (12.61%), 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 | 24.90% | 3.94% | 1.12x | 5.66x | CN¥99.37 Million |
| 2018 | 10.73% | 1.14% | 1.27x | 7.43x | CN¥5.44 Million |
| 2019 | 9.93% | 2.15% | 1.30x | 3.54x | CN¥-1.12 Million |
| 2020 | 14.33% | 3.14% | 1.28x | 3.56x | CN¥75.74 Million |
| 2021 | 15.49% | 3.63% | 1.51x | 2.81x | CN¥205.02 Million |
| 2022 | 13.67% | 3.90% | 1.87x | 1.88x | CN¥300.60 Million |
| 2023 | 6.15% | 3.05% | 1.28x | 1.57x | CN¥-330.70 Million |
| 2024 | 5.65% | 3.72% | 0.90x | 1.69x | CN¥-379.66 Million |
Industry Comparison
This section compares XTC New Energy Materials Xiamen Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XTC New Energy Materials Xiamen Co Ltd (688778) | CN¥9.43 Billion | 24.90% | 0.85x | $6.28 Billion |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About XTC New Energy Materials Xiamen Co Ltd
XTC New Energy Materials(Xiamen) Co.,Ltd. engages in the research and development, production, and sale of lithium-ion battery cathode materials in China. It offers high-voltage NCM materials, lithium cobalt oxide, high nickel NCM materials, lithium iron phosphate, sodium ion battery materials, and hydrogen storage materials for use in 3C consumer electronics, power battery, energy storage and au… Read more