Shandong Yabo Technology Co Ltd (002323) - Net Assets
Based on the latest financial reports, Shandong Yabo Technology Co Ltd (002323) has net assets worth CN¥190.93 Million CNY (≈ $27.94 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥853.72 Million ≈ $124.93 Million USD) and total liabilities (CN¥662.79 Million ≈ $96.99 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 how tangible is Shandong Yabo Technology Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥190.93 Million |
| % of Total Assets | 22.36% |
| Annual Growth Rate | 5.21% |
| 5-Year Change | -68.28% |
| 10-Year Change | -67.34% |
| Growth Volatility | 251.04 |
Shandong Yabo Technology Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Shandong Yabo Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shandong Yabo Technology Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Yabo Technology Co Ltd (2006–2025)
The table below shows the annual net assets of Shandong Yabo Technology Co Ltd from 2006 to 2025. For live valuation and market cap data, see Shandong Yabo Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥202.07 Million ≈ $29.57 Million |
-50.66% |
| 2024-12-31 | CN¥409.54 Million ≈ $59.93 Million |
-33.97% |
| 2023-12-31 | CN¥620.21 Million ≈ $90.76 Million |
-6.92% |
| 2022-12-31 | CN¥666.34 Million ≈ $97.51 Million |
+4.60% |
| 2021-12-31 | CN¥637.06 Million ≈ $93.22 Million |
+1050.03% |
| 2020-12-31 | CN¥55.40 Million ≈ $8.11 Million |
-28.91% |
| 2019-12-31 | CN¥77.93 Million ≈ $11.40 Million |
-78.93% |
| 2018-12-31 | CN¥369.89 Million ≈ $54.13 Million |
-56.78% |
| 2017-12-31 | CN¥855.77 Million ≈ $125.23 Million |
+38.33% |
| 2016-12-31 | CN¥618.63 Million ≈ $90.53 Million |
+49.74% |
| 2015-12-31 | CN¥413.14 Million ≈ $60.46 Million |
-51.56% |
| 2014-12-31 | CN¥852.90 Million ≈ $124.81 Million |
-0.42% |
| 2013-12-31 | CN¥856.49 Million ≈ $125.33 Million |
-0.43% |
| 2012-12-31 | CN¥860.15 Million ≈ $125.87 Million |
-0.93% |
| 2011-12-31 | CN¥868.18 Million ≈ $127.04 Million |
+3.27% |
| 2010-12-31 | CN¥840.71 Million ≈ $123.02 Million |
+0.47% |
| 2009-12-31 | CN¥836.80 Million ≈ $122.45 Million |
+404.23% |
| 2008-12-31 | CN¥165.96 Million ≈ $24.28 Million |
+53.99% |
| 2007-12-31 | CN¥107.77 Million ≈ $15.77 Million |
+39.91% |
| 2006-12-31 | CN¥77.03 Million ≈ $11.27 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Yabo Technology 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 3845.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.81 Billion | 892.52% |
| Total Equity | CN¥202.72 Million | 100.00% |
Shandong Yabo Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Yabo Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Lidao New Material Co Ltd Class A
SHG:603937
|
$403.48 Million |
|
Guangxi Fenglin Wood Industry Group Co Ltd
SHG:601996
|
$403.50 Million |
|
TangYuan Electric
SHE:300789
|
$403.52 Million |
|
Wheels India Limited
NSE:WHEELS
|
$403.54 Million |
|
CMC Magnetics Corp
TW:2323
|
$403.27 Million |
|
Jiangxi Synergy Pharmaceutical Co Ltd
SHE:300636
|
$403.13 Million |
|
EVN Finance JSC
VN:EVF
|
$403.11 Million |
|
Jilin Jinguan Electric Co Ltd Class A
SHE:300510
|
$403.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Yabo Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 409,841,954 to 202,717,672, a change of -207,124,282 (-50.5%).
- Net loss of 178,339,526 reduced equity.
- Dividend payments of 5,853,785 reduced retained earnings.
- Other comprehensive income decreased equity by 52,830,076.
- Other factors increased equity by 29,899,105.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-178.34 Million | -87.97% |
| Dividends Paid | CN¥5.85 Million | -2.89% |
| Other Comprehensive Income | CN¥-52.83 Million | -26.06% |
| Other Changes | CN¥29.90 Million | +14.75% |
| Total Change | CN¥- | -50.54% |
Book Value vs Market Value Analysis
This analysis compares Shandong Yabo Technology 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: 13.60x
- 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 increased from 11.45x to 13.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.11 | CN¥1.30 | x |
| 2007-12-31 | CN¥0.16 | CN¥1.30 | x |
| 2008-12-31 | CN¥0.24 | CN¥1.30 | x |
| 2009-12-31 | CN¥1.22 | CN¥1.30 | x |
| 2010-12-31 | CN¥0.92 | CN¥1.30 | x |
| 2011-12-31 | CN¥0.95 | CN¥1.30 | x |
| 2012-12-31 | CN¥1.22 | CN¥1.30 | x |
| 2013-12-31 | CN¥0.93 | CN¥1.30 | x |
| 2014-12-31 | CN¥0.84 | CN¥1.30 | x |
| 2015-12-31 | CN¥0.25 | CN¥1.30 | x |
| 2016-12-31 | CN¥0.29 | CN¥1.30 | x |
| 2017-12-31 | CN¥0.40 | CN¥1.30 | x |
| 2018-12-31 | CN¥0.18 | CN¥1.30 | x |
| 2019-12-31 | CN¥0.04 | CN¥1.30 | x |
| 2020-12-31 | CN¥0.03 | CN¥1.30 | x |
| 2021-12-31 | CN¥0.30 | CN¥1.30 | x |
| 2022-12-31 | CN¥0.31 | CN¥1.30 | x |
| 2023-12-31 | CN¥0.36 | CN¥1.30 | x |
| 2024-12-31 | CN¥0.18 | CN¥1.30 | x |
| 2025-12-31 | CN¥0.10 | CN¥1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Yabo Technology 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): -87.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -60.84%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 4.59x
- Recent ROE (-87.97%) is below the historical average (-28.14%), 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 | 67.00% | 25.25% | 1.17x | 2.27x | CN¥43.91 Million |
| 2007 | 49.87% | 23.96% | 1.43x | 1.46x | CN¥42.96 Million |
| 2008 | 35.06% | 21.13% | 1.32x | 1.26x | CN¥41.59 Million |
| 2009 | 7.82% | 24.54% | 0.30x | 1.05x | CN¥-18.23 Million |
| 2010 | 6.37% | 22.93% | 0.26x | 1.06x | CN¥-30.50 Million |
| 2011 | 6.02% | 19.87% | 0.28x | 1.08x | CN¥-34.52 Million |
| 2012 | 4.84% | 13.93% | 0.31x | 1.12x | CN¥-44.39 Million |
| 2013 | 3.44% | 9.40% | 0.31x | 1.17x | CN¥-56.20 Million |
| 2014 | 12.42% | 21.37% | 0.51x | 1.14x | CN¥20.61 Million |
| 2015 | 64.43% | 28.76% | 1.16x | 1.93x | CN¥224.88 Million |
| 2016 | 38.63% | 18.58% | 0.63x | 3.31x | CN¥177.04 Million |
| 2017 | 30.88% | 19.18% | 0.52x | 3.11x | CN¥178.57 Million |
| 2018 | -124.53% | -200.53% | 0.14x | 4.45x | CN¥-496.87 Million |
| 2019 | -410.59% | -303.85% | 0.07x | 19.81x | CN¥-325.75 Million |
| 2020 | -62.00% | -27.15% | 0.09x | 25.67x | CN¥-39.53 Million |
| 2021 | -154.65% | -786.31% | 0.13x | 1.57x | CN¥-1.05 Billion |
| 2022 | 4.75% | 4.52% | 0.60x | 1.75x | CN¥-34.98 Million |
| 2023 | -5.53% | -4.44% | 0.61x | 2.04x | CN¥-96.32 Million |
| 2024 | -49.05% | -58.63% | 0.33x | 2.54x | CN¥-242.03 Million |
| 2025 | -87.97% | -60.84% | 0.32x | 4.59x | CN¥-198.61 Million |
Industry Comparison
This section compares Shandong Yabo Technology 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: $1,203,929,046
- Average return on equity (ROE) among peers: 1.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Yabo Technology Co Ltd (002323) | CN¥190.93 Million | 67.00% | 3.47x | $403.45 Million |
| China Fangda Group Co Ltd (000055) | $1.03 Billion | 6.71% | 0.24x | $363.04 Million |
| Huasu Holdings Co Ltd (000509) | $381.72 Million | 7.32% | 0.61x | $637.55 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $13.52 Million | 0.00% | 1.72x | $309.87 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $2.73 Billion | 11.77% | 1.19x | $4.91 Billion |
| Yantai Moon Co Ltd (000811) | $642.91 Million | 12.93% | 1.44x | $5.83 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $458.32 Million | -6.31% | 1.31x | $258.43 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.45 Billion | 5.84% | 0.28x | $660.76 Million |
| Everjoy Health Group Co Ltd (002162) | $843.78 Million | -17.44% | 1.44x | $476.42 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $959.33 Million | -5.52% | 0.75x | $299.41 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.52 Billion | 3.83% | 1.35x | $714.16 Million |
About Shandong Yabo Technology Co Ltd
Shandong Yabo Technology Co., Ltd engages in the design, research, and development of new materials for metal roof and wall enclosure systems. It is involved in the software development; installation and commissioning of photovoltaic distributed power station systems; construction engineering design and consulting; and wholesale of metal plates and supporting materials, hardware products, and pho… Read more