CNlight Co Ltd
Cnlight Co.,Ltd manufactures and sells lighting products in China. It offers LED lighting, UV disinfection, automotive lighting, lithium battery production equipment, information security, and system integration. The company was founded in 1992 and is based in Foshan, China.
CNlight Co Ltd (002076) - Net Assets
Latest net assets as of September 2025: CN¥247.20 Million CNY
Based on the latest financial reports, CNlight Co Ltd (002076) has net assets worth CN¥247.20 Million 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¥646.20 Million) and total liabilities (CN¥399.00 Million). 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¥247.20 Million |
| % of Total Assets | 38.25% |
| Annual Growth Rate | 7.02% |
| 5-Year Change | N/A |
| 10-Year Change | -78.5% |
| Growth Volatility | 64.93 |
CNlight Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how CNlight 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 CNlight Co Ltd (2003–2024)
The table below shows the annual net assets of CNlight Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥215.84 Million | -16.75% |
| 2023-12-31 | CN¥259.28 Million | -2.99% |
| 2022-12-31 | CN¥267.26 Million | +230.42% |
| 2021-12-31 | CN¥-204.92 Million | -367.50% |
| 2020-12-31 | CN¥-43.83 Million | +72.43% |
| 2019-12-31 | CN¥-159.00 Million | -135.65% |
| 2018-12-31 | CN¥446.05 Million | -57.54% |
| 2017-12-31 | CN¥1.05 Billion | +2.79% |
| 2016-12-31 | CN¥1.02 Billion | +1.80% |
| 2015-12-31 | CN¥1.00 Billion | +139.22% |
| 2014-12-31 | CN¥419.67 Million | +3.55% |
| 2013-12-31 | CN¥405.27 Million | -3.60% |
| 2012-12-31 | CN¥420.39 Million | +4.06% |
| 2011-12-31 | CN¥403.97 Million | +0.72% |
| 2010-12-31 | CN¥401.07 Million | +3.16% |
| 2009-12-31 | CN¥388.80 Million | +2.98% |
| 2008-12-31 | CN¥377.54 Million | +3.38% |
| 2007-12-31 | CN¥365.21 Million | +12.43% |
| 2006-12-31 | CN¥324.84 Million | +179.30% |
| 2005-12-31 | CN¥116.31 Million | +39.40% |
| 2004-12-31 | CN¥83.44 Million | +60.83% |
| 2003-12-31 | CN¥51.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNlight 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 decreased by 12467.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.11 Billion | 382.59% |
| Other Components | CN¥595.53 Million | 205.43% |
| Total Equity | CN¥289.90 Million | 100.00% |
CNlight Co Ltd Competitors by Market Cap
The table below lists competitors of CNlight Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HUANLEJIA Food Group Co. Ltd.
SHE:300997
|
$233.60 Million |
|
SuRo Capital Corp
NASDAQ:SSSS
|
$233.68 Million |
|
Vinci Partners Investments Ltd
NASDAQ:VINP
|
$233.70 Million |
|
Anhui Fuhuang Steel Structure Co Ltd
SHE:002743
|
$233.72 Million |
|
Dear U Co. Ltd.
KQ:376300
|
$233.50 Million |
|
Grupo Security
SN:SECURITY
|
$233.46 Million |
|
Dr. Hönle AG
OTCGREY:DRHNF
|
$233.46 Million |
|
thyssenkrupp nucera AG & Co. KGaA
OTCGREY:THYKF
|
$233.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNlight Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 318,030,713 to 289,900,272, a change of -28,130,441 (-8.8%).
- Net loss of 30,975,624 reduced equity.
- Dividend payments of 776,006 reduced retained earnings.
- Share repurchases of 1,000,000 reduced equity.
- Other comprehensive income decreased equity by 95,673,664.
- Other factors increased equity by 100,294,853.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-30.98 Million | -10.68% |
| Dividends Paid | CN¥776.01K | -0.27% |
| Share Repurchases | CN¥1.00 Million | -0.34% |
| Other Comprehensive Income | CN¥-95.67 Million | -33.0% |
| Other Changes | CN¥100.29 Million | +34.6% |
| Total Change | CN¥- | -8.85% |
Book Value vs Market Value Analysis
This analysis compares CNlight 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: 8.16x
- 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 16.16x to 8.16x 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¥0.13 | CN¥2.14 | x |
| 2004-12-31 | CN¥0.22 | CN¥2.14 | x |
| 2005-12-31 | CN¥0.30 | CN¥2.14 | x |
| 2006-12-31 | CN¥0.74 | CN¥2.14 | x |
| 2007-12-31 | CN¥0.66 | CN¥2.14 | x |
| 2008-12-31 | CN¥0.68 | CN¥2.14 | x |
| 2009-12-31 | CN¥0.70 | CN¥2.14 | x |
| 2010-12-31 | CN¥0.72 | CN¥2.14 | x |
| 2011-12-31 | CN¥0.73 | CN¥2.14 | x |
| 2012-12-31 | CN¥0.76 | CN¥2.14 | x |
| 2013-12-31 | CN¥0.73 | CN¥2.14 | x |
| 2014-12-31 | CN¥0.74 | CN¥2.14 | x |
| 2015-12-31 | CN¥1.40 | CN¥2.14 | x |
| 2016-12-31 | CN¥1.50 | CN¥2.14 | x |
| 2017-12-31 | CN¥1.52 | CN¥2.14 | x |
| 2018-12-31 | CN¥0.64 | CN¥2.14 | x |
| 2019-12-31 | CN¥-0.14 | CN¥2.14 | x |
| 2020-12-31 | CN¥0.01 | CN¥2.14 | x |
| 2021-12-31 | CN¥-0.20 | CN¥2.14 | x |
| 2022-12-31 | CN¥0.39 | CN¥2.14 | x |
| 2023-12-31 | CN¥0.24 | CN¥2.14 | x |
| 2024-12-31 | CN¥0.26 | CN¥2.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNlight 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): -10.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.14%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.11x
- Recent ROE (-10.68%) is below the historical average (27.20%), 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 | 12.68% | 8.76% | 0.63x | 2.29x | CN¥1.36 Million |
| 2004 | 24.12% | 13.03% | 1.01x | 1.84x | CN¥11.75 Million |
| 2005 | 27.32% | 16.00% | 0.98x | 1.74x | CN¥19.82 Million |
| 2006 | 13.63% | 16.32% | 0.69x | 1.20x | CN¥11.67 Million |
| 2007 | 13.95% | 15.07% | 0.75x | 1.23x | CN¥14.31 Million |
| 2008 | 3.61% | 3.85% | 0.80x | 1.18x | CN¥-24.00 Million |
| 2009 | 2.77% | 3.31% | 0.66x | 1.27x | CN¥-27.92 Million |
| 2010 | 3.10% | 3.51% | 0.66x | 1.33x | CN¥-27.52 Million |
| 2011 | 5.34% | 4.58% | 0.82x | 1.42x | CN¥-18.74 Million |
| 2012 | 3.62% | 3.59% | 0.75x | 1.34x | CN¥-26.73 Million |
| 2013 | 3.99% | 4.11% | 0.69x | 1.41x | CN¥-24.27 Million |
| 2014 | 4.19% | 3.91% | 0.72x | 1.48x | CN¥-23.94 Million |
| 2015 | 5.76% | 7.09% | 0.56x | 1.45x | CN¥-41.80 Million |
| 2016 | 4.00% | 4.98% | 0.49x | 1.65x | CN¥-60.86 Million |
| 2017 | 5.27% | 5.45% | 0.46x | 2.09x | CN¥-50.06 Million |
| 2018 | -170.08% | -147.33% | 0.36x | 3.24x | CN¥-883.01 Million |
| 2019 | 0.00% | -171.87% | 0.53x | 0.00x | CN¥-596.79 Million |
| 2020 | 644.05% | 13.04% | 0.50x | 99.63x | CN¥42.91 Million |
| 2021 | 0.00% | -112.18% | 0.28x | 0.00x | CN¥-159.10 Million |
| 2022 | 5.98% | 12.41% | 0.21x | 2.29x | CN¥-13.04 Million |
| 2023 | -4.12% | -8.69% | 0.28x | 1.66x | CN¥-44.91 Million |
| 2024 | -10.68% | -16.14% | 0.31x | 2.11x | CN¥-59.97 Million |
Industry Comparison
This section compares CNlight Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNlight Co Ltd (002076) | CN¥247.20 Million | 12.68% | 1.61x | $233.57 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |