Suzhou Recodeal Interconnect System Co Ltd (688800) - Net Assets
Based on the latest financial reports, Suzhou Recodeal Interconnect System Co Ltd (688800) has net assets worth CN¥2.34 Billion CNY (≈ $341.73 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¥4.71 Billion ≈ $689.43 Million USD) and total liabilities (CN¥2.38 Billion ≈ $347.70 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 asset resilience ratio of Suzhou Recodeal Interconnect System Co L to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.34 Billion |
| % of Total Assets | 49.57% |
| Annual Growth Rate | 32.97% |
| 5-Year Change | 299.12% |
| 10-Year Change | 942.18% |
| Growth Volatility | 36.35 |
Suzhou Recodeal Interconnect System Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Suzhou Recodeal Interconnect System Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Suzhou Recodeal Interconnect System Co L balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Suzhou Recodeal Interconnect System Co Ltd (2012–2024)
The table below shows the annual net assets of Suzhou Recodeal Interconnect System Co Ltd from 2012 to 2024. For live valuation and market cap data, see 688800 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.13 Billion ≈ $311.94 Million |
+7.98% |
| 2023-12-31 | CN¥1.97 Billion ≈ $288.88 Million |
+4.41% |
| 2022-12-31 | CN¥1.89 Billion ≈ $276.67 Million |
+89.50% |
| 2021-12-31 | CN¥997.71 Million ≈ $146.00 Million |
+86.80% |
| 2020-12-31 | CN¥534.12 Million ≈ $78.16 Million |
+12.73% |
| 2019-12-31 | CN¥473.81 Million ≈ $69.33 Million |
+7.11% |
| 2018-12-31 | CN¥442.37 Million ≈ $64.73 Million |
+8.95% |
| 2017-12-31 | CN¥406.02 Million ≈ $59.41 Million |
+10.62% |
| 2016-12-31 | CN¥367.04 Million ≈ $53.71 Million |
+79.44% |
| 2015-12-31 | CN¥204.55 Million ≈ $29.93 Million |
+95.32% |
| 2014-12-31 | CN¥104.72 Million ≈ $15.32 Million |
+31.43% |
| 2013-12-31 | CN¥79.68 Million ≈ $11.66 Million |
+14.16% |
| 2012-12-31 | CN¥69.80 Million ≈ $10.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Suzhou Recodeal Interconnect System 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 7813.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥767.56 Million | 36.63% |
| Common Stock | CN¥158.42 Million | 7.56% |
| Other Comprehensive Income | CN¥70.63 Million | 3.37% |
| Other Components | CN¥1.10 Billion | 52.44% |
| Total Equity | CN¥2.10 Billion | 100.00% |
Suzhou Recodeal Interconnect System Co Ltd Competitors by Market Cap
The table below lists competitors of Suzhou Recodeal Interconnect System Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Titan Wind Energy Suzhou
SHE:002531
|
$3.16 Billion |
|
Holitech Technology Co Ltd
SHE:002217
|
$3.16 Billion |
|
Avient Corp
NYSE:AVNT
|
$3.16 Billion |
|
China National Medicines Corp Ltd
SHG:600511
|
$3.16 Billion |
|
Cholamandalam Financial Holdings Limited
NSE:CHOLAHLDNG
|
$3.16 Billion |
|
Yongan Futures Co.Ltd.
SHG:600927
|
$3.16 Billion |
|
Companhia Energética de Minas Gerais - CEMIG
SA:CMIG3
|
$3.16 Billion |
|
TOMRA SYSTEMS ADR/1 NK 1
F:TMR0
|
$3.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Recodeal Interconnect System Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,943,440,843 to 2,095,392,838, a change of 151,951,995 (7.8%).
- Net income of 175,269,482 contributed positively to equity growth.
- Dividend payments of 30,994,604 reduced retained earnings.
- Other comprehensive income decreased equity by 231,256.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥175.27 Million | +8.36% |
| Dividends Paid | CN¥30.99 Million | -1.48% |
| Other Comprehensive Income | CN¥-231.26K | -0.01% |
| Other Changes | CN¥7.91 Million | +0.38% |
| Total Change | CN¥- | 7.82% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Recodeal Interconnect System 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: 7.89x
- 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 133.62x to 7.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.79 | CN¥105.00 | x |
| 2013-12-31 | CN¥0.90 | CN¥105.00 | x |
| 2014-12-31 | CN¥1.59 | CN¥105.00 | x |
| 2015-12-31 | CN¥2.88 | CN¥105.00 | x |
| 2016-12-31 | CN¥3.54 | CN¥105.00 | x |
| 2017-12-31 | CN¥3.48 | CN¥105.00 | x |
| 2018-12-31 | CN¥5.47 | CN¥105.00 | x |
| 2019-12-31 | CN¥4.21 | CN¥105.00 | x |
| 2020-12-31 | CN¥4.71 | CN¥105.00 | x |
| 2021-12-31 | CN¥12.29 | CN¥105.00 | x |
| 2022-12-31 | CN¥12.32 | CN¥105.00 | x |
| 2023-12-31 | CN¥12.22 | CN¥105.00 | x |
| 2024-12-31 | CN¥13.30 | CN¥105.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Recodeal Interconnect System 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): 8.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.26%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.06x
- Recent ROE (8.36%) is below the historical average (11.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 8.84% | 5.49% | 0.90x | 1.79x | CN¥-810.10K |
| 2013 | 11.15% | 7.55% | 1.00x | 1.47x | CN¥914.45K |
| 2014 | 18.18% | 10.99% | 0.99x | 1.68x | CN¥8.57 Million |
| 2015 | 18.04% | 19.39% | 0.51x | 1.82x | CN¥16.44 Million |
| 2016 | 11.49% | 13.61% | 0.48x | 1.74x | CN¥5.44 Million |
| 2017 | 13.00% | 12.50% | 0.55x | 1.90x | CN¥12.13 Million |
| 2018 | 8.60% | 8.45% | 0.55x | 1.85x | CN¥-6.20 Million |
| 2019 | 8.83% | 8.27% | 0.61x | 1.76x | CN¥-5.59 Million |
| 2020 | 13.80% | 12.06% | 0.64x | 1.80x | CN¥20.26 Million |
| 2021 | 11.42% | 12.63% | 0.59x | 1.54x | CN¥14.13 Million |
| 2022 | 13.39% | 15.55% | 0.54x | 1.58x | CN¥63.96 Million |
| 2023 | 7.04% | 8.80% | 0.46x | 1.76x | CN¥-57.54 Million |
| 2024 | 8.36% | 7.26% | 0.56x | 2.06x | CN¥-34.27 Million |
Industry Comparison
This section compares Suzhou Recodeal Interconnect System 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: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Recodeal Interconnect System Co Ltd (688800) | CN¥2.34 Billion | 8.84% | 1.02x | $3.16 Billion |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Suzhou Recodeal Interconnect System Co Ltd
Suzhou Recodeal Interconnect System Co.,Ltd develops, produces, and sells connection systems, microwave components and other products in China and internationally. The company offers energy vehicle connection, communication interconnection, industrial, vehicle communication, CCS, and BUSBAR copper bar systems, as well as cable assembles and wiring harness products. Its products are primarily used… Read more