Yangtze Optical Fibre And Cable Joint Stock Limited Company
Yangtze Optical Fibre And Cable Joint Stock Limited Company engages in the production and sale of optical fiber preforms, optical fiber, optical fiber cables, and integrated solutions in China and internationally. The company provides cutting edge products; optical fiber preforms, coating, and silicon tetrachloride; quartz mineral; communication optical fire; cable products; specialty fibers, opt… Read more
Yangtze Optical Fibre And Cable Joint Stock Limited Company (YZOFF) - Net Assets
Latest net assets as of September 2024: $14.81 Billion USD
Based on the latest financial reports, Yangtze Optical Fibre And Cable Joint Stock Limited Company (YZOFF) has net assets worth $14.81 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.62 Billion) and total liabilities ($15.81 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.81 Billion |
| % of Total Assets | 48.37% |
| Annual Growth Rate | 23.64% |
| 5-Year Change | 66.01% |
| 10-Year Change | 317.54% |
| Growth Volatility | 25.94 |
Yangtze Optical Fibre And Cable Joint Stock Limited Company - Net Assets Trend (2013–2024)
This chart illustrates how Yangtze Optical Fibre And Cable Joint Stock Limited Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Yangtze Optical Fibre And Cable Joint Stock Limited Company (2013–2024)
The table below shows the annual net assets of Yangtze Optical Fibre And Cable Joint Stock Limited Company from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $15.58 Billion | +8.22% |
| 2023-12-31 | $14.40 Billion | -0.96% |
| 2022-12-31 | $14.54 Billion | +37.34% |
| 2021-12-31 | $10.59 Billion | +12.78% |
| 2020-12-31 | $9.39 Billion | +4.96% |
| 2019-12-31 | $8.94 Billion | +6.75% |
| 2018-12-31 | $8.38 Billion | +52.69% |
| 2017-12-31 | $5.49 Billion | +23.67% |
| 2016-12-31 | $4.44 Billion | +18.87% |
| 2015-12-31 | $3.73 Billion | +28.17% |
| 2014-12-31 | $2.91 Billion | +92.86% |
| 2013-12-31 | $1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yangtze Optical Fibre And Cable Joint Stock Limited Company'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 453.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.96 Billion | 59.88% |
| Common Stock | $757.91 Million | 6.52% |
| Other Components | $3.91 Billion | 33.60% |
| Total Equity | $11.63 Billion | 100.00% |
Yangtze Optical Fibre And Cable Joint Stock Limited Company Competitors by Market Cap
The table below lists competitors of Yangtze Optical Fibre And Cable Joint Stock Limited Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asseco Business Solutions S.A.
WAR:ABS
|
$334.91 Million |
|
DongHua Testing Technology Co Ltd
SHE:300354
|
$335.00 Million |
|
Sichuan Guoguang Agrochemical Co Ltd
SHE:002749
|
$335.09 Million |
|
Anhui Deli Household Glass Co Ltd
SHE:002571
|
$335.13 Million |
|
Hunan Warrant Pharmaceutical Co. Ltd. A
SHG:688799
|
$334.81 Million |
|
Spartan Delta Corp
PINK:DALXF
|
$334.78 Million |
|
Delfi Limited
PINK:PEFDF
|
$334.75 Million |
|
R22 SA ZY -02
F:0K0
|
$334.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yangtze Optical Fibre And Cable Joint Stock Limited Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,307,108,305 to 11,628,982,141, a change of 321,873,836 (2.8%).
- Net income of 675,878,799 contributed positively to equity growth.
- Dividend payments of 593,771,549 reduced retained earnings.
- Other comprehensive income decreased equity by 117,321,283.
- Other factors increased equity by 357,087,869.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $675.88 Million | +5.81% |
| Dividends Paid | $593.77 Million | -5.11% |
| Other Comprehensive Income | $-117.32 Million | -1.01% |
| Other Changes | $357.09 Million | +3.07% |
| Total Change | $- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares Yangtze Optical Fibre And Cable Joint Stock Limited Company'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: 0.13x
- 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.
- The price-to-book ratio has decreased from 0.57x to 0.13x 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 | $1.81 | $1.03 | x |
| 2013-12-31 | $1.57 | $1.03 | x |
| 2014-12-31 | $2.88 | $1.03 | x |
| 2015-12-31 | $2.79 | $1.03 | x |
| 2016-12-31 | $3.06 | $1.03 | x |
| 2017-12-31 | $3.84 | $1.03 | x |
| 2018-12-31 | $5.74 | $1.03 | x |
| 2019-12-31 | $5.81 | $1.03 | x |
| 2020-12-31 | $5.98 | $1.03 | x |
| 2021-12-31 | $6.47 | $1.03 | x |
| 2022-12-31 | $6.71 | $1.03 | x |
| 2023-12-31 | $7.46 | $1.03 | x |
| 2024-12-31 | $7.67 | $1.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yangtze Optical Fibre And Cable Joint Stock Limited Company 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): 5.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.54%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.73x
- Recent ROE (5.81%) is below the historical average (14.72%), 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 | 20.99% | 7.64% | 0.00x | 0.00x | $190.99 Million |
| 2013 | 27.49% | 8.60% | 0.96x | 3.32x | $264.08 Million |
| 2014 | 16.57% | 8.21% | 0.86x | 2.34x | $184.96 Million |
| 2015 | 15.96% | 8.48% | 0.89x | 2.12x | $213.24 Million |
| 2016 | 16.79% | 8.66% | 0.99x | 1.96x | $283.67 Million |
| 2017 | 24.21% | 12.24% | 1.13x | 1.75x | $744.52 Million |
| 2018 | 18.19% | 13.11% | 0.88x | 1.57x | $670.38 Million |
| 2019 | 9.12% | 10.31% | 0.56x | 1.57x | $-77.60 Million |
| 2020 | 6.01% | 6.61% | 0.52x | 1.75x | $-361.07 Million |
| 2021 | 7.24% | 7.43% | 0.49x | 1.99x | $-269.69 Million |
| 2022 | 11.50% | 8.49% | 0.49x | 2.78x | $152.57 Million |
| 2023 | 11.47% | 9.72% | 0.46x | 2.58x | $166.73 Million |
| 2024 | 5.81% | 5.54% | 0.38x | 2.73x | $-487.02 Million |
Industry Comparison
This section compares Yangtze Optical Fibre And Cable Joint Stock Limited Company's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yangtze Optical Fibre And Cable Joint Stock Limited Company (YZOFF) | $14.81 Billion | 20.99% | 1.07x | $334.84 Million |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |