Letong Chemical Co Ltd Net Assets
Letong Chemical Co Ltd net assets. Based on the latest financial reports, Letong Chemical Co Ltd (002319) has net assets worth CN¥178.35 Million CNY (≈ $26.10 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¥596.94 Million ≈ $87.35 Million USD) and total liabilities (CN¥418.59 Million ≈ $61.25 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. Also explore net asset momentum of Letong Chemical Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥178.35 Million |
| % of Total Assets | 29.88% |
| Annual Growth Rate | 4.23% |
| 5-Year Change | 24.74% |
| 10-Year Change | -68.71% |
| Growth Volatility | 69.06 |
Net Assets of Letong Chemical Co Ltd (2006–2024)
Net assets of Letong Chemical Co Ltd from 2006 to 2024. This chart illustrates how Letong Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002319 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Letong Chemical Co Ltd (2006–2024)
The table below shows the annual net assets of Letong Chemical Co Ltd from 2006 to 2024. For live market cap and overall valuation, see Letong Chemical Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥177.20 Million ≈ $25.93 Million |
+123.31% |
| 2023-12-31 | CN¥79.35 Million ≈ $11.61 Million |
+7.78% |
| 2022-12-31 | CN¥73.62 Million ≈ $10.77 Million |
-30.61% |
| 2021-12-31 | CN¥106.10 Million ≈ $15.53 Million |
-25.31% |
| 2020-12-31 | CN¥142.05 Million ≈ $20.79 Million |
+1.20% |
| 2019-12-31 | CN¥140.36 Million ≈ $20.54 Million |
-67.57% |
| 2018-12-31 | CN¥432.77 Million ≈ $63.33 Million |
-11.87% |
| 2017-12-31 | CN¥491.05 Million ≈ $71.86 Million |
+2.27% |
| 2016-12-31 | CN¥480.15 Million ≈ $70.26 Million |
-15.21% |
| 2015-12-31 | CN¥566.25 Million ≈ $82.86 Million |
-4.18% |
| 2014-12-31 | CN¥590.96 Million ≈ $86.48 Million |
+0.40% |
| 2013-12-31 | CN¥588.64 Million ≈ $86.14 Million |
+3.34% |
| 2012-12-31 | CN¥569.63 Million ≈ $83.36 Million |
+3.48% |
| 2011-12-31 | CN¥550.49 Million ≈ $80.55 Million |
+2.11% |
| 2010-12-31 | CN¥539.14 Million ≈ $78.89 Million |
+8.71% |
| 2009-12-31 | CN¥495.95 Million ≈ $72.57 Million |
+260.43% |
| 2008-12-31 | CN¥137.60 Million ≈ $20.14 Million |
+32.38% |
| 2007-12-31 | CN¥103.95 Million ≈ $15.21 Million |
+23.72% |
| 2006-12-31 | CN¥84.02 Million ≈ $12.29 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Letong Chemical 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 599.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Letong Chemical Co Ltd Net Assets Breakdown (December 2024)
Letong Chemical Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥209.47 Million | 118.21% |
| Other Comprehensive Income | CN¥26.56 Million | 14.99% |
| Other Components | CN¥215.16 Million | 121.42% |
| Total Equity | CN¥177.20 Million | 100.00% |
Letong Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Letong Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HomeStreet Inc
NASDAQ:HMST
|
$262.43 Million |
|
Bonduelle S.C.A.
PA:BON
|
$262.44 Million |
|
Boilermech Holdings Bhd
KLSE:0168
|
$262.48 Million |
|
Bhagiradha Chemicals & Industries Limited
NSE:BHAGCHEM
|
$262.50 Million |
|
ANY Security Printing PLC
BUD:ANY
|
$262.35 Million |
|
Jiangsu Huaxin New Material Co Ltd Class A
SHE:300717
|
$262.28 Million |
|
Drugs Made In America Acquisition Corp. Ordinary Shares
NASDAQ:DMAA
|
$262.19 Million |
|
AMR Resources Acquisition Corp Class A Ordinary Shares
NASDAQ:AMAC
|
$262.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Letong Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 79,350,173 to 177,197,029, a change of 97,846,856 (123.3%).
- Net loss of 24,620,005 reduced equity.
- Dividend payments of 68,516,469 reduced retained earnings.
- Other comprehensive income increased equity by 26,564,207.
- Other factors increased equity by 164,419,123.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-24.62 Million | -13.89% |
| Dividends Paid | CN¥68.52 Million | -38.67% |
| Other Comprehensive Income | CN¥26.56 Million | +14.99% |
| Other Changes | CN¥164.42 Million | +92.79% |
| Total Change | CN¥- | 123.31% |
Book Value vs Market Value Analysis
This analysis compares Letong Chemical 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: 9.91x
- 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 16.14x to 9.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.53 | CN¥8.56 | x |
| 2007-12-31 | CN¥0.68 | CN¥8.56 | x |
| 2008-12-31 | CN¥0.89 | CN¥8.56 | x |
| 2009-12-31 | CN¥3.24 | CN¥8.56 | x |
| 2010-12-31 | CN¥2.55 | CN¥8.56 | x |
| 2011-12-31 | CN¥2.57 | CN¥8.56 | x |
| 2012-12-31 | CN¥2.43 | CN¥8.56 | x |
| 2013-12-31 | CN¥2.91 | CN¥8.56 | x |
| 2014-12-31 | CN¥3.06 | CN¥8.56 | x |
| 2015-12-31 | CN¥2.80 | CN¥8.56 | x |
| 2016-12-31 | CN¥2.18 | CN¥8.56 | x |
| 2017-12-31 | CN¥2.31 | CN¥8.56 | x |
| 2018-12-31 | CN¥2.18 | CN¥8.56 | x |
| 2019-12-31 | CN¥0.70 | CN¥8.56 | x |
| 2020-12-31 | CN¥0.71 | CN¥8.56 | x |
| 2021-12-31 | CN¥0.53 | CN¥8.56 | x |
| 2022-12-31 | CN¥0.37 | CN¥8.56 | x |
| 2023-12-31 | CN¥0.44 | CN¥8.56 | x |
| 2024-12-31 | CN¥0.86 | CN¥8.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Letong Chemical 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): -13.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.18%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 3.25x
- Recent ROE (-13.89%) is below the historical average (-9.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 26.39% | 11.07% | 1.24x | 1.92x | CN¥13.27 Million |
| 2007 | 32.53% | 12.56% | 1.25x | 2.07x | CN¥22.83 Million |
| 2008 | 22.49% | 10.02% | 1.30x | 1.73x | CN¥16.72 Million |
| 2009 | 7.87% | 11.62% | 0.55x | 1.24x | CN¥-10.44 Million |
| 2010 | 6.26% | 6.77% | 0.68x | 1.37x | CN¥-19.01 Million |
| 2011 | 3.50% | 3.39% | 0.70x | 1.47x | CN¥-33.91 Million |
| 2012 | 3.71% | 4.11% | 0.64x | 1.42x | CN¥-33.87 Million |
| 2013 | 3.78% | 3.70% | 0.54x | 1.88x | CN¥-34.40 Million |
| 2014 | 0.98% | 0.91% | 0.63x | 1.71x | CN¥-50.26 Million |
| 2015 | 0.46% | 0.59% | 0.37x | 2.15x | CN¥-53.14 Million |
| 2016 | 0.18% | 0.17% | 0.46x | 2.34x | CN¥-47.13 Million |
| 2017 | 2.17% | 2.00% | 0.49x | 2.23x | CN¥-38.46 Million |
| 2018 | -7.80% | -6.92% | 0.51x | 2.21x | CN¥-77.02 Million |
| 2019 | -207.67% | -76.10% | 0.59x | 4.66x | CN¥-305.53 Million |
| 2020 | 5.15% | 2.32% | 0.50x | 4.41x | CN¥-6.90 Million |
| 2021 | -35.01% | -9.58% | 0.59x | 6.18x | CN¥-47.76 Million |
| 2022 | -42.69% | -7.79% | 0.64x | 8.61x | CN¥-38.79 Million |
| 2023 | 4.58% | 0.94% | 0.64x | 7.66x | CN¥-4.30 Million |
| 2024 | -13.89% | -6.18% | 0.69x | 3.25x | CN¥-42.34 Million |
Industry Comparison
This section compares Letong Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,129,490,062
- Average return on equity (ROE) among peers: 1.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Letong Chemical Co Ltd (002319) | CN¥178.35 Million | 26.39% | 2.35x | $262.38 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $52.85 Million | 22.79% | 1.49x | $354.68 Million |
| Hengyi Petrochemical Co Ltd (000703) | $207.78 Million | -7.69% | 0.69x | $7.74 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $928.69 Million | 2.92% | 0.77x | $682.18 Million |
| Luxi Chemical Group Co Ltd (000830) | $599.53 Million | 12.23% | 0.85x | $3.00 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $527.61 Million | 8.55% | 0.40x | $7.39 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.02 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.79 Billion | 5.66% | 2.30x | $1.29 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $2.36 Billion | 12.38% | 0.36x | $747.44 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.88 Billion | 8.19% | 0.59x | $1.84 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $1.86 Billion | -45.62% | 7.40x | $458.83 Million |
About Letong Chemical Co Ltd
Letong Chemical Co.,LTD produces and sells chemical raw materials and chemical products in China and internationally. It operates through three segments: Ink Business, Internet Advertising Marketing, and Other. The company offers various inks, coatings, and related ancillary products; and Internet advertising design, production, agency, placement, and technical promotion services. It also engages… Read more