Lets Holding Group Co Ltd
Lets Holdings Group Co., Ltd. engages in the research and development, production, and sale of construction materials in China and internationally. It provides concrete manufacturing and construction services for the nuclear power, ports, bridges, tunnels, highways, high-speed rail, subways, water conservancy, electric power, and other projects. The company also offers technical construction serv… Read more
Lets Holding Group Co Ltd (002398) - Net Assets
Latest net assets as of September 2025: CN¥3.70 Billion CNY
Based on the latest financial reports, Lets Holding Group Co Ltd (002398) has net assets worth CN¥3.70 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¥5.82 Billion) and total liabilities (CN¥2.12 Billion). 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¥3.70 Billion |
| % of Total Assets | 63.63% |
| Annual Growth Rate | 19.72% |
| 5-Year Change | 11.41% |
| 10-Year Change | 79.2% |
| Growth Volatility | 72.95 |
Lets Holding Group Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Lets Holding Group 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 Lets Holding Group Co Ltd (2006–2024)
The table below shows the annual net assets of Lets Holding Group Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.66 Billion | -1.90% |
| 2023-12-31 | CN¥3.73 Billion | +1.20% |
| 2022-12-31 | CN¥3.68 Billion | +5.54% |
| 2021-12-31 | CN¥3.49 Billion | +6.34% |
| 2020-12-31 | CN¥3.28 Billion | +13.24% |
| 2019-12-31 | CN¥2.90 Billion | +14.75% |
| 2018-12-31 | CN¥2.53 Billion | +8.64% |
| 2017-12-31 | CN¥2.33 Billion | +6.82% |
| 2016-12-31 | CN¥2.18 Billion | +6.66% |
| 2015-12-31 | CN¥2.04 Billion | +9.26% |
| 2014-12-31 | CN¥1.87 Billion | +11.97% |
| 2013-12-31 | CN¥1.67 Billion | +15.61% |
| 2012-12-31 | CN¥1.44 Billion | +14.46% |
| 2011-12-31 | CN¥1.26 Billion | +11.37% |
| 2010-12-31 | CN¥1.13 Billion | +328.38% |
| 2009-12-31 | CN¥264.20 Million | +22.66% |
| 2008-12-31 | CN¥215.39 Million | +23.18% |
| 2007-12-31 | CN¥174.86 Million | +22.12% |
| 2006-12-31 | CN¥143.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lets Holding Group 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 3628.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.67 Billion | 73.69% |
| Common Stock | CN¥698.02 Million | 19.28% |
| Other Components | CN¥254.20 Million | 7.02% |
| Total Equity | CN¥3.62 Billion | 100.00% |
Lets Holding Group Co Ltd Competitors by Market Cap
The table below lists competitors of Lets Holding Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
One Liberty Properties Inc
NYSE:OLP
|
$391.80 Million |
|
Safari Industries (India) Limited
NSE:SAFARI
|
$391.96 Million |
|
IGNITIS GRUPE AB EO 2233
F:IGV0
|
$392.02 Million |
|
LINK MOB.GRP.HLDG.NK-005
F:L1N
|
$392.15 Million |
|
Sanlux Co Ltd
SHE:002224
|
$391.72 Million |
|
Happiest Minds Technologies Limited
NSE:HAPPSTMNDS
|
$391.57 Million |
|
Huaren Pharmaceutical Co Ltd
SHE:300110
|
$391.51 Million |
|
Lingnan Landscape Co Ltd
SHE:002717
|
$391.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lets Holding Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,687,776,300 to 3,619,544,478, a change of -68,231,822 (-1.9%).
- Net income of 49,262,122 contributed positively to equity growth.
- Dividend payments of 60,199,077 reduced retained earnings.
- Share repurchases of 111,315,113 reduced equity.
- Other comprehensive income increased equity by 17,966,106.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥49.26 Million | +1.36% |
| Dividends Paid | CN¥60.20 Million | -1.66% |
| Share Repurchases | CN¥111.32 Million | -3.08% |
| Other Comprehensive Income | CN¥17.97 Million | +0.5% |
| Other Changes | CN¥36.05 Million | +1.0% |
| Total Change | CN¥- | -1.85% |
Book Value vs Market Value Analysis
This analysis compares Lets Holding Group 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: 1.05x
- 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 23.07x to 1.05x 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¥0.24 | CN¥5.44 | x |
| 2007-12-31 | CN¥0.34 | CN¥5.44 | x |
| 2008-12-31 | CN¥0.41 | CN¥5.44 | x |
| 2009-12-31 | CN¥0.51 | CN¥5.44 | x |
| 2010-12-31 | CN¥1.78 | CN¥5.44 | x |
| 2011-12-31 | CN¥1.80 | CN¥5.44 | x |
| 2012-12-31 | CN¥2.08 | CN¥5.44 | x |
| 2013-12-31 | CN¥2.37 | CN¥5.44 | x |
| 2014-12-31 | CN¥2.67 | CN¥5.44 | x |
| 2015-12-31 | CN¥2.92 | CN¥5.44 | x |
| 2016-12-31 | CN¥3.12 | CN¥5.44 | x |
| 2017-12-31 | CN¥3.34 | CN¥5.44 | x |
| 2018-12-31 | CN¥3.58 | CN¥5.44 | x |
| 2019-12-31 | CN¥4.09 | CN¥5.44 | x |
| 2020-12-31 | CN¥4.66 | CN¥5.44 | x |
| 2021-12-31 | CN¥4.77 | CN¥5.44 | x |
| 2022-12-31 | CN¥5.15 | CN¥5.44 | x |
| 2023-12-31 | CN¥5.11 | CN¥5.44 | x |
| 2024-12-31 | CN¥5.19 | CN¥5.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lets Holding Group 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): 1.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.88%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.65x
- Recent ROE (1.36%) is below the historical average (14.43%), 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 | 45.29% | 15.64% | 1.28x | 2.26x | CN¥42.69 Million |
| 2007 | 38.64% | 13.80% | 1.53x | 1.82x | CN¥49.17 Million |
| 2008 | 26.29% | 14.60% | 0.95x | 1.90x | CN¥34.62 Million |
| 2009 | 26.29% | 18.88% | 0.75x | 1.85x | CN¥42.55 Million |
| 2010 | 5.11% | 9.67% | 0.44x | 1.20x | CN¥-54.99 Million |
| 2011 | 11.01% | 13.88% | 0.66x | 1.20x | CN¥12.53 Million |
| 2012 | 13.68% | 14.85% | 0.67x | 1.38x | CN¥52.29 Million |
| 2013 | 13.93% | 12.78% | 0.76x | 1.43x | CN¥63.87 Million |
| 2014 | 12.18% | 12.40% | 0.74x | 1.34x | CN¥39.75 Million |
| 2015 | 10.12% | 15.02% | 0.54x | 1.24x | CN¥2.33 Million |
| 2016 | 7.85% | 12.08% | 0.52x | 1.25x | CN¥-45.74 Million |
| 2017 | 8.38% | 9.57% | 0.64x | 1.38x | CN¥-36.93 Million |
| 2018 | 10.07% | 9.17% | 0.74x | 1.48x | CN¥1.68 Million |
| 2019 | 14.20% | 11.86% | 0.76x | 1.57x | CN¥118.98 Million |
| 2020 | 11.59% | 9.62% | 0.71x | 1.69x | CN¥51.05 Million |
| 2021 | 7.97% | 5.53% | 0.76x | 1.91x | CN¥-69.36 Million |
| 2022 | 5.84% | 5.35% | 0.62x | 1.77x | CN¥-150.41 Million |
| 2023 | 4.31% | 5.20% | 0.47x | 1.76x | CN¥-209.90 Million |
| 2024 | 1.36% | 1.88% | 0.44x | 1.65x | CN¥-312.69 Million |
Industry Comparison
This section compares Lets Holding Group Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $5,433,825,727
- Average return on equity (ROE) among peers: 46.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lets Holding Group Co Ltd (002398) | CN¥3.70 Billion | 45.29% | 0.57x | $391.76 Million |
| CSG Holding Co Ltd (000012) | $1.98 Billion | 5.22% | 0.62x | $1.58 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $30.60 Billion | -4.84% | 0.96x | $788.07 Million |
| Gansu Shangfeng Cement Co Ltd (000672) | $26.27 Million | 402.35% | 2.67x | $782.48 Million |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $2.61 Billion | 19.37% | 1.69x | $284.38 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $5.40 Billion | 20.92% | 1.84x | $799.89 Million |
| Sinostone Guangdong Co Ltd (001212) | $1.42 Billion | 6.07% | 0.18x | $798.00 Million |
| Ruitai Materials Technology Co Ltd (002066) | $882.60 Million | 6.49% | 1.50x | $387.51 Million |
| Guangdong Tapai Group Co Ltd (002233) | $3.82 Billion | 10.48% | 0.43x | $830.46 Million |
| China West Construction Group Co Ltd (002302) | $6.71 Billion | 1.58% | 1.72x | $381.07 Million |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $895.70 Million | 0.58% | 0.68x | $309.88 Million |