Castech Inc
CASTECH Inc. engages in the research and development, production, and sale of crystal components, precision optical components, and laser devices primarily in China. The company offers laser crystals, nonlinear optical crystals, birefringent crystals, magneto-optical crystals, acousto-optic and electro-optical crystals and other functional crystal components, and oven and temperature controller a… Read more
Castech Inc (002222) - Net Assets
Latest net assets as of September 2025: CN¥1.90 Billion CNY
Based on the latest financial reports, Castech Inc (002222) has net assets worth CN¥1.90 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¥2.36 Billion) and total liabilities (CN¥460.37 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¥1.90 Billion |
| % of Total Assets | 80.49% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | 54.61% |
| 10-Year Change | 171.89% |
| Growth Volatility | 33.38 |
Castech Inc - Net Assets Trend (2004–2024)
This chart illustrates how Castech Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Castech Inc (2004–2024)
The table below shows the annual net assets of Castech Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.71 Billion | +8.17% |
| 2023-12-31 | CN¥1.58 Billion | +10.58% |
| 2022-12-31 | CN¥1.43 Billion | +13.47% |
| 2021-12-31 | CN¥1.26 Billion | +13.91% |
| 2020-12-31 | CN¥1.10 Billion | +10.41% |
| 2019-12-31 | CN¥1.00 Billion | +11.61% |
| 2018-12-31 | CN¥896.06 Million | +13.58% |
| 2017-12-31 | CN¥788.89 Million | +15.11% |
| 2016-12-31 | CN¥685.35 Million | +9.15% |
| 2015-12-31 | CN¥627.88 Million | +5.59% |
| 2014-12-31 | CN¥594.61 Million | -6.70% |
| 2013-12-31 | CN¥637.32 Million | +1.46% |
| 2012-12-31 | CN¥628.12 Million | +1.06% |
| 2011-12-31 | CN¥621.53 Million | +4.49% |
| 2010-12-31 | CN¥594.80 Million | +4.86% |
| 2009-12-31 | CN¥567.26 Million | -0.99% |
| 2008-12-31 | CN¥572.92 Million | +156.56% |
| 2007-12-31 | CN¥223.31 Million | +4.18% |
| 2006-12-31 | CN¥214.35 Million | +39.38% |
| 2005-12-31 | CN¥153.78 Million | +10.20% |
| 2004-12-31 | CN¥139.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Castech Inc'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 52883.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥866.76 Million | 54.96% |
| Common Stock | CN¥470.25 Million | 29.82% |
| Other Comprehensive Income | CN¥197.43 Million | 12.52% |
| Other Components | CN¥42.50 Million | 2.70% |
| Total Equity | CN¥1.58 Billion | 100.00% |
Castech Inc Competitors by Market Cap
The table below lists competitors of Castech Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marathon Digital Holdings Inc
NASDAQ:MARA
|
$3.12 Billion |
|
Getinge AB (publ)
F:GTN0
|
$3.12 Billion |
|
ZIM Integrated Shipping Services Ltd
NYSE:ZIM
|
$3.12 Billion |
|
Calix Inc
NYSE:CALX
|
$3.12 Billion |
|
INDEPENDENCE RLTY TR.
F:5O2
|
$3.11 Billion |
|
Fortuna Silver Mines Inc
NYSE:FSM
|
$3.11 Billion |
|
Sohgo Security Services Co.,Ltd.
PINK:SOHGY
|
$3.11 Billion |
|
Toppan Printing Ltd
PINK:TOPPY
|
$3.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Castech Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,446,766,321 to 1,576,941,206, a change of 130,174,885 (9.0%).
- Net income of 218,790,230 contributed positively to equity growth.
- Dividend payments of 89,861,984 reduced retained earnings.
- Other comprehensive income increased equity by 197,431,022.
- Other factors decreased equity by 196,184,383.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥218.79 Million | +13.87% |
| Dividends Paid | CN¥89.86 Million | -5.7% |
| Other Comprehensive Income | CN¥197.43 Million | +12.52% |
| Other Changes | CN¥-196.18 Million | -12.44% |
| Total Change | CN¥- | 9.00% |
Book Value vs Market Value Analysis
This analysis compares Castech Inc'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: 17.93x
- 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 198.96x to 17.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.30 | CN¥60.14 | x |
| 2005-12-31 | CN¥0.34 | CN¥60.14 | x |
| 2006-12-31 | CN¥0.65 | CN¥60.14 | x |
| 2007-12-31 | CN¥0.68 | CN¥60.14 | x |
| 2008-12-31 | CN¥1.43 | CN¥60.14 | x |
| 2009-12-31 | CN¥1.34 | CN¥60.14 | x |
| 2010-12-31 | CN¥1.35 | CN¥60.14 | x |
| 2011-12-31 | CN¥1.40 | CN¥60.14 | x |
| 2012-12-31 | CN¥1.42 | CN¥60.14 | x |
| 2013-12-31 | CN¥1.47 | CN¥60.14 | x |
| 2014-12-31 | CN¥1.37 | CN¥60.14 | x |
| 2015-12-31 | CN¥1.45 | CN¥60.14 | x |
| 2016-12-31 | CN¥1.58 | CN¥60.14 | x |
| 2017-12-31 | CN¥1.80 | CN¥60.14 | x |
| 2018-12-31 | CN¥2.05 | CN¥60.14 | x |
| 2019-12-31 | CN¥2.27 | CN¥60.14 | x |
| 2020-12-31 | CN¥2.50 | CN¥60.14 | x |
| 2021-12-31 | CN¥2.85 | CN¥60.14 | x |
| 2022-12-31 | CN¥3.23 | CN¥60.14 | x |
| 2023-12-31 | CN¥3.08 | CN¥60.14 | x |
| 2024-12-31 | CN¥3.35 | CN¥60.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Castech Inc 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): 13.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.98%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.27x
- Recent ROE (13.87%) is below the historical average (14.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 28.02% | 34.15% | 0.49x | 1.68x | CN¥23.32 Million |
| 2005 | 26.72% | 32.56% | 0.51x | 1.61x | CN¥24.65 Million |
| 2006 | 28.87% | 44.21% | 0.50x | 1.30x | CN¥39.10 Million |
| 2007 | 28.01% | 37.60% | 0.47x | 1.57x | CN¥38.98 Million |
| 2008 | 9.02% | 36.76% | 0.22x | 1.10x | CN¥-5.54 Million |
| 2009 | 7.31% | 35.27% | 0.19x | 1.11x | CN¥-15.02 Million |
| 2010 | 10.34% | 32.55% | 0.28x | 1.13x | CN¥2.01 Million |
| 2011 | 10.49% | 33.80% | 0.28x | 1.13x | CN¥2.97 Million |
| 2012 | 6.59% | 22.30% | 0.27x | 1.11x | CN¥-21.09 Million |
| 2013 | 6.24% | 22.04% | 0.25x | 1.15x | CN¥-23.63 Million |
| 2014 | -2.63% | -7.60% | 0.31x | 1.13x | CN¥-73.84 Million |
| 2015 | 5.73% | 16.89% | 0.30x | 1.12x | CN¥-26.49 Million |
| 2016 | 10.39% | 22.82% | 0.40x | 1.13x | CN¥2.66 Million |
| 2017 | 17.73% | 30.10% | 0.51x | 1.16x | CN¥59.55 Million |
| 2018 | 17.14% | 30.61% | 0.49x | 1.13x | CN¥62.64 Million |
| 2019 | 13.88% | 26.84% | 0.46x | 1.12x | CN¥37.60 Million |
| 2020 | 13.43% | 26.29% | 0.46x | 1.12x | CN¥36.71 Million |
| 2021 | 15.69% | 27.79% | 0.50x | 1.13x | CN¥69.39 Million |
| 2022 | 16.38% | 29.46% | 0.48x | 1.15x | CN¥88.19 Million |
| 2023 | 14.45% | 26.75% | 0.44x | 1.22x | CN¥64.40 Million |
| 2024 | 13.87% | 24.98% | 0.44x | 1.27x | CN¥61.10 Million |
Industry Comparison
This section compares Castech Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Castech Inc (002222) | CN¥1.90 Billion | 28.02% | 0.24x | $3.12 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |