Lonking Holdings Limited (C9IB) - Net Assets
Based on the latest financial reports, Lonking Holdings Limited (C9IB) has net assets worth €10.82 Billion EUR (≈ $12.65 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€16.52 Billion ≈ $19.31 Billion USD) and total liabilities (€5.70 Billion ≈ $6.66 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 C9IB asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.82 Billion |
| % of Total Assets | 65.49% |
| Annual Growth Rate | 4.15% |
| 5-Year Change | 6.04% |
| 10-Year Change | 61.59% |
| Growth Volatility | 6.16 |
Lonking Holdings Limited - Net Assets Trend (2013–2024)
This chart illustrates how Lonking Holdings Limited's net assets have evolved over time, based on quarterly financial data. Also explore Lonking Holdings Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Lonking Holdings Limited (2013–2024)
The table below shows the annual net assets of Lonking Holdings Limited from 2013 to 2024. For live valuation and market cap data, see market cap of Lonking Holdings Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €10.70 Billion ≈ $12.51 Billion |
+7.24% |
| 2023-12-31 | €9.98 Billion ≈ $11.67 Billion |
+2.36% |
| 2022-12-31 | €9.75 Billion ≈ $11.40 Billion |
-4.45% |
| 2021-12-31 | €10.20 Billion ≈ $11.93 Billion |
+1.09% |
| 2020-12-31 | €10.09 Billion ≈ $11.80 Billion |
+11.21% |
| 2019-12-31 | €9.08 Billion ≈ $10.61 Billion |
+10.60% |
| 2018-12-31 | €8.21 Billion ≈ $9.60 Billion |
+6.17% |
| 2017-12-31 | €7.73 Billion ≈ $9.04 Billion |
+15.04% |
| 2016-12-31 | €6.72 Billion ≈ $7.86 Billion |
+1.44% |
| 2015-12-31 | €6.62 Billion ≈ $7.74 Billion |
-5.76% |
| 2014-12-31 | €7.03 Billion ≈ $8.22 Billion |
+2.69% |
| 2013-12-31 | €6.85 Billion ≈ $8.00 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Lonking Holdings Limited'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 51.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €7.56 Billion | 70.62% |
| Other Components | €3.14 Billion | 29.38% |
| Total Equity | €10.70 Billion | 100.00% |
Lonking Holdings Limited Competitors by Market Cap
The table below lists competitors of Lonking Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mitra Keluarga Karyasehat Tbk PT
JK:MIKA
|
$1.57 Billion |
|
Herbalife Nutrition Ltd
NYSE:HLF
|
$1.57 Billion |
|
ELECTROLUX B ADR/2 SK 5
F:ELXA
|
$1.57 Billion |
|
China National Electric Apparatus R
SHG:688128
|
$1.57 Billion |
|
Yantai Dongcheng Pharmaceutical Co Ltd
SHE:002675
|
$1.57 Billion |
|
Pexa Group Ltd
AU:PXA
|
$1.57 Billion |
|
BW Energy Ltd
OL:BWE
|
$1.57 Billion |
|
Intellia Therapeutics Inc
NASDAQ:NTLA
|
$1.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lonking Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,979,006,000 to 10,701,340,000, a change of 722,334,000 (7.2%).
- Net income of 1,018,400,000 contributed positively to equity growth.
- Dividend payments of 330,321,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.02 Billion | +9.52% |
| Dividends Paid | €330.32 Million | -3.09% |
| Other Changes | €34.26 Million | +0.32% |
| Total Change | €- | 7.24% |
Book Value vs Market Value Analysis
This analysis compares Lonking Holdings Limited'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: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.81 | €0.34 | x |
| 2018-12-31 | €1.92 | €0.34 | x |
| 2019-12-31 | €2.12 | €0.34 | x |
| 2020-12-31 | €2.36 | €0.34 | x |
| 2021-12-31 | €2.38 | €0.34 | x |
| 2022-12-31 | €2.28 | €0.34 | x |
| 2023-12-31 | €2.33 | €0.34 | x |
| 2024-12-31 | €2.50 | €0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lonking Holdings Limited 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): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.97%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.45x
- Recent ROE (9.52%) is below the historical average (9.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.02% | 5.88% | 0.60x | 1.98x | €-204.24 Million |
| 2014 | 5.93% | 5.61% | 0.56x | 1.87x | €-285.80 Million |
| 2015 | 1.76% | 2.41% | 0.39x | 1.89x | €-545.58 Million |
| 2016 | 6.87% | 8.97% | 0.46x | 1.67x | €-209.92 Million |
| 2017 | 13.53% | 11.63% | 0.65x | 1.79x | €272.86 Million |
| 2018 | 13.94% | 9.64% | 0.84x | 1.72x | €323.40 Million |
| 2019 | 18.11% | 13.99% | 0.80x | 1.61x | €735.96 Million |
| 2020 | 19.41% | 15.21% | 0.75x | 1.71x | €950.06 Million |
| 2021 | 12.50% | 9.32% | 0.82x | 1.63x | €255.16 Million |
| 2022 | 4.11% | 3.59% | 0.72x | 1.58x | €-574.42 Million |
| 2023 | 6.47% | 6.13% | 0.67x | 1.57x | €-352.46 Million |
| 2024 | 9.52% | 9.97% | 0.66x | 1.45x | €-51.73 Million |
Industry Comparison
This section compares Lonking Holdings Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $14,264,171,073
- Average return on equity (ROE) among peers: 6.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lonking Holdings Limited (C9IB) | €10.82 Billion | 7.02% | 0.53x | $1.57 Billion |
| TAT HONG EQ.SRV. DL-08 (1Q2) | $1.30 Billion | -9.26% | 1.39x | $105.73 Million |
| Sinotruk (Hong Kong) Limited (4SK) | $25.43 Billion | 11.89% | 1.41x | $8.99 Billion |
| Zoomlion Heavy Industry Science and Technology Co. Ltd (8CZ) | $37.79 Billion | -2.47% | 1.36x | $1.53 Billion |
| Traton SE (8TRA) | $11.81 Billion | 8.71% | 2.62x | $16.59 Billion |
| Daimler Truck Holding AG (DTG) | $22.23 Billion | 16.99% | 2.20x | $33.52 Billion |
| DAIMLER TRUCK SP.ADS/1/2 (DTG1) | $16.42 Billion | 14.29% | 2.34x | $33.69 Billion |
| First Tractor Company Limited (FTP) | $5.98 Billion | 7.33% | 1.06x | $449.05 Million |
| Kion Group AG (KGX) | $6.12 Billion | 3.76% | 2.22x | $5.73 Billion |
| Wacker Neuson SE (WAC) | $1.29 Billion | 10.72% | 0.80x | $1.27 Billion |
About Lonking Holdings Limited
Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China and internationally. It operates through three segments: Sale of Construction Machinery, Finance Lease of Construction Machinery, and Financial Investment. The Sale of Construction Machinery segment provides wh… Read more