Shandong Luyang Share Co Ltd (002088) - Net Assets
Based on the latest financial reports, Shandong Luyang Share Co Ltd (002088) has net assets worth CN¥2.60 Billion CNY (≈ $380.20 Million USD) 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 ≈ $472.79 Million USD) and total liabilities (CN¥632.73 Million ≈ $92.59 Million 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 002088 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see market cap of Shandong Luyang Share Co Ltd.
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. Also explore 002088 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.89 Billion ≈ $423.37 Million |
+3.09% |
| 2023-12-31 | CN¥2.81 Billion ≈ $410.68 Million |
-2.57% |
| 2022-12-31 | CN¥2.88 Billion ≈ $421.51 Million |
+9.33% |
| 2021-12-31 | CN¥2.63 Billion ≈ $385.53 Million |
+10.81% |
| 2020-12-31 | CN¥2.38 Billion ≈ $347.92 Million |
+7.87% |
| 2019-12-31 | CN¥2.20 Billion ≈ $322.53 Million |
+8.49% |
| 2018-12-31 | CN¥2.03 Billion ≈ $297.29 Million |
+8.40% |
| 2017-12-31 | CN¥1.87 Billion ≈ $274.25 Million |
+11.30% |
| 2016-12-31 | CN¥1.68 Billion ≈ $246.40 Million |
+5.07% |
| 2015-12-31 | CN¥1.60 Billion ≈ $234.50 Million |
+2.18% |
| 2014-12-31 | CN¥1.57 Billion ≈ $229.51 Million |
+3.64% |
| 2013-12-31 | CN¥1.51 Billion ≈ $221.45 Million |
+4.35% |
| 2012-12-31 | CN¥1.45 Billion ≈ $212.22 Million |
+4.41% |
| 2011-12-31 | CN¥1.39 Billion ≈ $203.26 Million |
+6.50% |
| 2010-12-31 | CN¥1.30 Billion ≈ $190.85 Million |
+8.12% |
| 2009-12-31 | CN¥1.21 Billion ≈ $176.52 Million |
+52.14% |
| 2008-12-31 | CN¥792.91 Million ≈ $116.03 Million |
+20.03% |
| 2007-12-31 | CN¥660.62 Million ≈ $96.67 Million |
+27.60% |
| 2006-12-31 | CN¥517.74 Million ≈ $75.76 Million |
+172.63% |
| 2005-12-31 | CN¥189.91 Million ≈ $27.79 Million |
+37.73% |
| 2004-12-31 | CN¥137.88 Million ≈ $20.18 Million |
+59.60% |
| 2003-12-31 | CN¥86.39 Million ≈ $12.64 Million |
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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 |
|---|---|
|
Hingham Institution for Savings
NASDAQ:HIFS
|
$597.84 Million |
|
Candel Therapeutics Inc
NASDAQ:CADL
|
$597.89 Million |
|
Baida Group Co Ltd
SHG:600865
|
$597.91 Million |
|
NORVA24 GROUP AB (PUBL.)
F:WG0
|
$598.00 Million |
|
Chengdu M&S Electronics Technology Co Ltd
SHG:688311
|
$597.63 Million |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
$597.61 Million |
|
Jiangsu Jinji Industrial Co Ltd
SHE:300798
|
$597.52 Million |
|
Royce Micro Cap Closed Fund
NYSE:RMT
|
$597.45 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: 1.41x
- 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 15.77x to 1.41x 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¥7.96 | x |
| 2004-12-31 | CN¥0.81 | CN¥7.96 | x |
| 2005-12-31 | CN¥1.11 | CN¥7.96 | x |
| 2006-12-31 | CN¥1.49 | CN¥7.96 | x |
| 2007-12-31 | CN¥1.46 | CN¥7.96 | x |
| 2008-12-31 | CN¥1.74 | CN¥7.96 | x |
| 2009-12-31 | CN¥2.61 | CN¥7.96 | x |
| 2010-12-31 | CN¥2.63 | CN¥7.96 | x |
| 2011-12-31 | CN¥2.81 | CN¥7.96 | x |
| 2012-12-31 | CN¥2.94 | CN¥7.96 | x |
| 2013-12-31 | CN¥3.08 | CN¥7.96 | x |
| 2014-12-31 | CN¥3.24 | CN¥7.96 | x |
| 2015-12-31 | CN¥3.32 | CN¥7.96 | x |
| 2016-12-31 | CN¥3.45 | CN¥7.96 | x |
| 2017-12-31 | CN¥3.82 | CN¥7.96 | x |
| 2018-12-31 | CN¥4.02 | CN¥7.96 | x |
| 2019-12-31 | CN¥4.49 | CN¥7.96 | x |
| 2020-12-31 | CN¥4.75 | CN¥7.96 | x |
| 2021-12-31 | CN¥5.25 | CN¥7.96 | x |
| 2022-12-31 | CN¥5.69 | CN¥7.96 | x |
| 2023-12-31 | CN¥5.53 | CN¥7.96 | x |
| 2024-12-31 | CN¥5.66 | CN¥7.96 | 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: $4,050,213,411
- Average return on equity (ROE) among peers: 9.35%
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 | $597.68 Million |
| China Fangda Group Co Ltd (000055) | $3.24 Billion | 35.33% | 1.35x | $372.99 Million |
| Huasu Holdings Co Ltd (000509) | $-97.01 Million | 0.00% | 0.00x | $592.01 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $171.32 Million | 7.19% | 0.09x | $321.49 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $26.72 Billion | 13.65% | 0.32x | $3.97 Billion |
| Yantai Moon Co Ltd (000811) | $1.54 Billion | 16.48% | 0.66x | $6.03 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $581.04 Million | 1.47% | 2.61x | $287.00 Million |
| Everjoy Health Group Co Ltd (002162) | $816.70 Million | 1.77% | 1.62x | $543.71 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $1.04 Billion | 1.58% | 2.67x | $281.47 Million |
| Puyang Refractories Group Co Ltd (002225) | $2.45 Billion | 6.63% | 1.00x | $598.80 Million |
About 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