Ruitai Materials Technology Co Ltd
Ruitai Materials Technology Co., Ltd. engages in the research, production, sale, and service of refractories in China. The company provides fused cast, basic, alumina-silica, silica, and unshaped refractories. It also offers magnesia, forsterite, fireclay, and insulation bricks; magnesia-hercynite, magnesia-MA spinel, magnesia-alumina-zirconia-lanthana, and magnesia-chrome bricks; spalling resist… Read more
Ruitai Materials Technology Co Ltd (002066) - Net Assets
Latest net assets as of September 2025: CN¥1.48 Billion CNY
Based on the latest financial reports, Ruitai Materials Technology Co Ltd (002066) has net assets worth CN¥1.48 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.92 Billion) and total liabilities (CN¥3.44 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 | CN¥1.48 Billion |
| % of Total Assets | 30.06% |
| Annual Growth Rate | 16.0% |
| 5-Year Change | 36.79% |
| 10-Year Change | 73.61% |
| Growth Volatility | 25.73 |
Ruitai Materials Technology Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Ruitai Materials Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ruitai Materials Technology Co Ltd (2003–2024)
The table below shows the annual net assets of Ruitai Materials Technology Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.49 Billion | +3.08% |
| 2023-12-31 | CN¥1.45 Billion | +22.13% |
| 2022-12-31 | CN¥1.19 Billion | +0.71% |
| 2021-12-31 | CN¥1.18 Billion | +7.90% |
| 2020-12-31 | CN¥1.09 Billion | +6.51% |
| 2019-12-31 | CN¥1.03 Billion | +5.63% |
| 2018-12-31 | CN¥971.41 Million | +5.17% |
| 2017-12-31 | CN¥923.65 Million | +6.79% |
| 2016-12-31 | CN¥864.92 Million | +0.44% |
| 2015-12-31 | CN¥861.10 Million | -9.03% |
| 2014-12-31 | CN¥946.53 Million | +1.83% |
| 2013-12-31 | CN¥929.49 Million | -11.48% |
| 2012-12-31 | CN¥1.05 Billion | +18.97% |
| 2011-12-31 | CN¥882.60 Million | +17.64% |
| 2010-12-31 | CN¥750.27 Million | +13.21% |
| 2009-12-31 | CN¥662.73 Million | +89.54% |
| 2008-12-31 | CN¥349.65 Million | +44.27% |
| 2007-12-31 | CN¥242.36 Million | +20.61% |
| 2006-12-31 | CN¥200.93 Million | +79.63% |
| 2005-12-31 | CN¥111.86 Million | +47.55% |
| 2004-12-31 | CN¥75.81 Million | +14.44% |
| 2003-12-31 | CN¥66.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ruitai Materials Technology 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 1765.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥255.99 Million | 35.73% |
| Common Stock | CN¥231.00 Million | 32.24% |
| Other Components | CN¥229.49 Million | 32.03% |
| Total Equity | CN¥716.47 Million | 100.00% |
Ruitai Materials Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ruitai Materials Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sri Trang Agro-Industry Public Company Limited
BK:STA
|
$387.54 Million |
|
Mnc Land Tbk
JK:KPIG
|
$387.57 Million |
|
Shanxi Antai Group Co Ltd
SHG:600408
|
$387.82 Million |
|
Qifeng New Material Co Ltd
SHE:002521
|
$387.93 Million |
|
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
|
$387.50 Million |
|
Shanghai QiFan Cable Co Ltd
SHG:605222
|
$387.49 Million |
|
Nanjing Quanxin Cable Technology Co Ltd
SHE:300447
|
$387.47 Million |
|
Zhejiang Dehong Automotive
SHG:603701
|
$387.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruitai Materials Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 682,424,110 to 716,472,122, a change of 34,048,012 (5.0%).
- Net income of 57,023,613 contributed positively to equity growth.
- Dividend payments of 62,530,436 reduced retained earnings.
- Other factors increased equity by 39,554,835.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥57.02 Million | +7.96% |
| Dividends Paid | CN¥62.53 Million | -8.73% |
| Other Changes | CN¥39.55 Million | +5.52% |
| Total Change | CN¥- | 4.99% |
Book Value vs Market Value Analysis
This analysis compares Ruitai Materials Technology 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: 6.19x
- 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 42.53x to 6.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.45 | CN¥19.20 | x |
| 2004-12-31 | CN¥0.52 | CN¥19.20 | x |
| 2005-12-31 | CN¥0.76 | CN¥19.20 | x |
| 2006-12-31 | CN¥1.31 | CN¥19.20 | x |
| 2007-12-31 | CN¥1.23 | CN¥19.20 | x |
| 2008-12-31 | CN¥1.41 | CN¥19.20 | x |
| 2009-12-31 | CN¥2.53 | CN¥19.20 | x |
| 2010-12-31 | CN¥2.46 | CN¥19.20 | x |
| 2011-12-31 | CN¥2.63 | CN¥19.20 | x |
| 2012-12-31 | CN¥2.56 | CN¥19.20 | x |
| 2013-12-31 | CN¥1.92 | CN¥19.20 | x |
| 2014-12-31 | CN¥1.95 | CN¥19.20 | x |
| 2015-12-31 | CN¥1.60 | CN¥19.20 | x |
| 2016-12-31 | CN¥1.71 | CN¥19.20 | x |
| 2017-12-31 | CN¥1.77 | CN¥19.20 | x |
| 2018-12-31 | CN¥1.84 | CN¥19.20 | x |
| 2019-12-31 | CN¥1.95 | CN¥19.20 | x |
| 2020-12-31 | CN¥2.08 | CN¥19.20 | x |
| 2021-12-31 | CN¥2.33 | CN¥19.20 | x |
| 2022-12-31 | CN¥2.62 | CN¥19.20 | x |
| 2023-12-31 | CN¥2.95 | CN¥19.20 | x |
| 2024-12-31 | CN¥3.10 | CN¥19.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruitai Materials Technology 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): 7.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.31%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 7.12x
- Recent ROE (7.96%) is below the historical average (8.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.86% | 13.22% | 0.67x | 1.91x | CN¥4.54 Million |
| 2004 | 19.08% | 12.05% | 0.73x | 2.16x | CN¥6.88 Million |
| 2005 | 13.23% | 9.55% | 0.71x | 1.95x | CN¥3.61 Million |
| 2006 | 7.99% | 8.91% | 0.52x | 1.72x | CN¥-4.04 Million |
| 2007 | 10.87% | 7.95% | 0.62x | 2.22x | CN¥1.93 Million |
| 2008 | 13.51% | 8.21% | 0.56x | 2.95x | CN¥9.00 Million |
| 2009 | 6.91% | 7.47% | 0.43x | 2.17x | CN¥-16.45 Million |
| 2010 | 8.52% | 5.72% | 0.51x | 2.89x | CN¥-8.40 Million |
| 2011 | 9.44% | 4.10% | 0.63x | 3.63x | CN¥-3.42 Million |
| 2012 | 0.59% | 0.23% | 0.50x | 4.97x | CN¥-55.81 Million |
| 2013 | -30.55% | -7.26% | 0.60x | 6.97x | CN¥-179.63 Million |
| 2014 | 1.49% | 0.32% | 0.64x | 7.24x | CN¥-38.28 Million |
| 2015 | -21.62% | -4.33% | 0.53x | 9.49x | CN¥-116.94 Million |
| 2016 | 6.39% | 1.44% | 0.52x | 8.58x | CN¥-14.26 Million |
| 2017 | 3.71% | 0.70% | 0.59x | 8.97x | CN¥-25.69 Million |
| 2018 | 4.06% | 0.46% | 1.03x | 8.66x | CN¥-25.31 Million |
| 2019 | 20.87% | 2.42% | 1.02x | 8.46x | CN¥49.09 Million |
| 2020 | 22.02% | 2.51% | 1.13x | 7.78x | CN¥57.74 Million |
| 2021 | 23.99% | 2.84% | 1.17x | 7.21x | CN¥75.21 Million |
| 2022 | 26.09% | 3.27% | 1.10x | 7.28x | CN¥97.20 Million |
| 2023 | 10.67% | 1.57% | 0.95x | 7.10x | CN¥4.56 Million |
| 2024 | 7.96% | 1.31% | 0.85x | 7.12x | CN¥-14.62 Million |
Industry Comparison
This section compares Ruitai Materials Technology Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $5,939,517,525
- Average return on equity (ROE) among peers: 51.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruitai Materials Technology Co Ltd (002066) | CN¥1.48 Billion | 16.86% | 2.33x | $387.51 Million |
| CSG Holding Co Ltd (000012) | $1.98 Billion | 5.22% | 0.62x | $1.58 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $30.60 Billion | -4.84% | 0.96x | $788.07 Million |
| Gansu Shangfeng Cement Co Ltd (000672) | $26.27 Million | 402.35% | 2.67x | $782.48 Million |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $2.61 Billion | 19.37% | 1.69x | $284.38 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $5.40 Billion | 20.92% | 1.84x | $799.89 Million |
| Sinostone Guangdong Co Ltd (001212) | $1.42 Billion | 6.07% | 0.18x | $798.00 Million |
| Guangdong Tapai Group Co Ltd (002233) | $3.82 Billion | 10.48% | 0.43x | $830.46 Million |
| China West Construction Group Co Ltd (002302) | $6.71 Billion | 1.58% | 1.72x | $381.07 Million |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $895.70 Million | 0.58% | 0.68x | $309.88 Million |