Shandong Luyang Share Co Ltd
Luyang Energy-Saving Materials Co., Ltd. engages in the research and development, production, sales, and application design and construction of refractory and thermal insulation products in China and internationally. It offers ceramic fiber, soluble fiber, alumina fiber, rock wool, firebrick and mortar, microporous board, monolithic module, marine and offshore insulation, and other products, incl… Read more
Shandong Luyang Share Co Ltd (002088) - Net Assets
Latest net assets as of September 2025: CN¥2.60 Billion CNY
Based on the latest financial reports, Shandong Luyang Share Co Ltd (002088) has net assets worth CN¥2.60 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¥3.23 Billion) and total liabilities (CN¥632.73 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¥2.60 Billion |
| % of Total Assets | 80.42% |
| Annual Growth Rate | 18.2% |
| 5-Year Change | 21.69% |
| 10-Year Change | 80.54% |
| Growth Volatility | 37.35 |
Shandong Luyang Share Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shandong Luyang Share 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 Shandong Luyang Share Co Ltd (2003–2024)
The table below shows the annual net assets of Shandong Luyang Share Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.89 Billion | +3.09% |
| 2023-12-31 | CN¥2.81 Billion | -2.57% |
| 2022-12-31 | CN¥2.88 Billion | +9.33% |
| 2021-12-31 | CN¥2.63 Billion | +10.81% |
| 2020-12-31 | CN¥2.38 Billion | +7.87% |
| 2019-12-31 | CN¥2.20 Billion | +8.49% |
| 2018-12-31 | CN¥2.03 Billion | +8.40% |
| 2017-12-31 | CN¥1.87 Billion | +11.30% |
| 2016-12-31 | CN¥1.68 Billion | +5.07% |
| 2015-12-31 | CN¥1.60 Billion | +2.18% |
| 2014-12-31 | CN¥1.57 Billion | +3.64% |
| 2013-12-31 | CN¥1.51 Billion | +4.35% |
| 2012-12-31 | CN¥1.45 Billion | +4.41% |
| 2011-12-31 | CN¥1.39 Billion | +6.50% |
| 2010-12-31 | CN¥1.30 Billion | +8.12% |
| 2009-12-31 | CN¥1.21 Billion | +52.14% |
| 2008-12-31 | CN¥792.91 Million | +20.03% |
| 2007-12-31 | CN¥660.62 Million | +27.60% |
| 2006-12-31 | CN¥517.74 Million | +172.63% |
| 2005-12-31 | CN¥189.91 Million | +37.73% |
| 2004-12-31 | CN¥137.88 Million | +59.60% |
| 2003-12-31 | CN¥86.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Luyang Share 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 5695.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.71 Billion | 59.18% |
| Common Stock | CN¥513.12 Million | 17.74% |
| Other Comprehensive Income | CN¥405.50 Million | 14.02% |
| Other Components | CN¥262.38 Million | 9.07% |
| Total Equity | CN¥2.89 Billion | 100.00% |
Shandong Luyang Share Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Luyang Share Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Piraeus Port Authority S.A
AT:PPA
|
$250.51 Million |
|
PONCE FIN. GROUP DL -01
F:73V0
|
$250.54 Million |
|
XP Power Limited
PINK:XPPLF
|
$250.56 Million |
|
Supermax Corporation Berhad
PINK:SPMXF
|
$250.64 Million |
|
Phihong Technology Co Ltd
TW:2457
|
$250.30 Million |
|
Shanghai Lisheng Racing Co Ltd
SHE:002858
|
$250.22 Million |
|
A.F.P. Habitat
SN:HABITAT
|
$250.17 Million |
|
PVA TePla AG
PINK:TPLKF
|
$250.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Luyang Share Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,806,537,389 to 2,893,257,721, a change of 86,720,332 (3.1%).
- Net income of 480,121,396 contributed positively to equity growth.
- Dividend payments of 409,502,069 reduced retained earnings.
- Other comprehensive income increased equity by 11,665,005.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥480.12 Million | +16.59% |
| Dividends Paid | CN¥409.50 Million | -14.15% |
| Other Comprehensive Income | CN¥11.67 Million | +0.4% |
| Other Changes | CN¥4.44 Million | +0.15% |
| Total Change | CN¥- | 3.09% |
Book Value vs Market Value Analysis
This analysis compares Shandong Luyang Share 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: 1.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.73x to 1.94x 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¥0.50 | CN¥10.97 | x |
| 2004-12-31 | CN¥0.81 | CN¥10.97 | x |
| 2005-12-31 | CN¥1.11 | CN¥10.97 | x |
| 2006-12-31 | CN¥1.49 | CN¥10.97 | x |
| 2007-12-31 | CN¥1.46 | CN¥10.97 | x |
| 2008-12-31 | CN¥1.74 | CN¥10.97 | x |
| 2009-12-31 | CN¥2.61 | CN¥10.97 | x |
| 2010-12-31 | CN¥2.63 | CN¥10.97 | x |
| 2011-12-31 | CN¥2.81 | CN¥10.97 | x |
| 2012-12-31 | CN¥2.94 | CN¥10.97 | x |
| 2013-12-31 | CN¥3.08 | CN¥10.97 | x |
| 2014-12-31 | CN¥3.24 | CN¥10.97 | x |
| 2015-12-31 | CN¥3.32 | CN¥10.97 | x |
| 2016-12-31 | CN¥3.45 | CN¥10.97 | x |
| 2017-12-31 | CN¥3.82 | CN¥10.97 | x |
| 2018-12-31 | CN¥4.02 | CN¥10.97 | x |
| 2019-12-31 | CN¥4.49 | CN¥10.97 | x |
| 2020-12-31 | CN¥4.75 | CN¥10.97 | x |
| 2021-12-31 | CN¥5.25 | CN¥10.97 | x |
| 2022-12-31 | CN¥5.69 | CN¥10.97 | x |
| 2023-12-31 | CN¥5.53 | CN¥10.97 | x |
| 2024-12-31 | CN¥5.66 | CN¥10.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Luyang Share 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): 16.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.59%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.36x
- Recent ROE (16.59%) is above the historical average (15.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 29.50% | 13.08% | 0.88x | 2.58x | CN¥16.69 Million |
| 2004 | 33.57% | 16.42% | 0.79x | 2.60x | CN¥32.30 Million |
| 2005 | 33.41% | 16.02% | 0.78x | 2.67x | CN¥44.23 Million |
| 2006 | 15.46% | 15.83% | 0.62x | 1.58x | CN¥28.14 Million |
| 2007 | 20.29% | 19.65% | 0.74x | 1.39x | CN¥67.25 Million |
| 2008 | 18.57% | 18.15% | 0.70x | 1.46x | CN¥67.86 Million |
| 2009 | 9.69% | 15.04% | 0.50x | 1.30x | CN¥-3.77 Million |
| 2010 | 9.41% | 13.37% | 0.55x | 1.28x | CN¥-7.67 Million |
| 2011 | 7.79% | 11.04% | 0.57x | 1.23x | CN¥-30.73 Million |
| 2012 | 5.84% | 8.44% | 0.54x | 1.28x | CN¥-60.39 Million |
| 2013 | 5.71% | 8.42% | 0.54x | 1.24x | CN¥-64.86 Million |
| 2014 | 5.00% | 6.66% | 0.60x | 1.26x | CN¥-78.36 Million |
| 2015 | 3.59% | 5.08% | 0.54x | 1.31x | CN¥-102.71 Million |
| 2016 | 6.22% | 8.80% | 0.56x | 1.26x | CN¥-63.71 Million |
| 2017 | 11.41% | 13.39% | 0.65x | 1.30x | CN¥26.33 Million |
| 2018 | 15.12% | 16.67% | 0.66x | 1.38x | CN¥104.01 Million |
| 2019 | 15.44% | 15.85% | 0.70x | 1.40x | CN¥119.85 Million |
| 2020 | 15.57% | 15.92% | 0.70x | 1.39x | CN¥132.51 Million |
| 2021 | 20.28% | 16.88% | 0.83x | 1.45x | CN¥270.72 Million |
| 2022 | 20.26% | 17.32% | 0.86x | 1.36x | CN¥295.60 Million |
| 2023 | 17.53% | 13.98% | 0.92x | 1.37x | CN¥211.38 Million |
| 2024 | 16.59% | 13.59% | 0.90x | 1.36x | CN¥190.80 Million |
Industry Comparison
This section compares Shandong Luyang Share Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $4,182,210,985
- Average return on equity (ROE) among peers: 7.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Luyang Share Co Ltd (002088) | CN¥2.60 Billion | 29.50% | 0.24x | $250.45 Million |
| Huasu Holdings Co Ltd (000509) | $288.95 Million | -10.72% | 2.54x | $352.09 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.57 Billion | -0.72% | 0.99x | $204.74 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $21.44 Billion | 14.66% | 0.33x | $3.58 Billion |
| Yantai Moon Co Ltd (000811) | $6.21 Billion | 10.11% | 0.91x | $1.56 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $436.84 Million | 5.27% | 3.74x | $232.37 Million |
| Arrow Home Group Co. Ltd. A (001322) | $5.01 Billion | 8.48% | 1.12x | $113.50 Million |
| Everjoy Health Group Co Ltd (002162) | $479.30 Million | 13.65% | 1.19x | $267.02 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $923.77 Million | 5.63% | 0.58x | $237.09 Million |
| Puyang Refractories Group Co Ltd (002225) | $277.05 Million | 17.03% | 0.92x | $602.85 Million |