Yunnan Lincang Xinyuan Germanium Industrial Co Ltd (002428) - Net Assets
Based on the latest financial reports, Yunnan Lincang Xinyuan Germanium Industrial Co Ltd (002428) has net assets worth CN¥1.54 Billion CNY (≈ $225.17 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¥3.49 Billion ≈ $510.04 Million USD) and total liabilities (CN¥1.95 Billion ≈ $284.87 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 Yunnan Lincang Xinyuan Germanium Industr's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.54 Billion |
| % of Total Assets | 44.15% |
| Annual Growth Rate | 14.78% |
| 5-Year Change | -1.41% |
| 10-Year Change | -1.6% |
| Growth Volatility | 85.68 |
Yunnan Lincang Xinyuan Germanium Industrial Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Yunnan Lincang Xinyuan Germanium Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002428 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Yunnan Lincang Xinyuan Germanium Industrial Co Ltd (2007–2025)
The table below shows the annual net assets of Yunnan Lincang Xinyuan Germanium Industrial Co Ltd from 2007 to 2025. For live valuation and market cap data, see 002428 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.52 Billion ≈ $222.91 Million |
+0.99% |
| 2024-12-31 | CN¥1.51 Billion ≈ $220.73 Million |
+0.59% |
| 2023-12-31 | CN¥1.50 Billion ≈ $219.43 Million |
+0.74% |
| 2022-12-31 | CN¥1.49 Billion ≈ $217.82 Million |
-3.67% |
| 2021-12-31 | CN¥1.55 Billion ≈ $226.11 Million |
+0.58% |
| 2020-12-31 | CN¥1.54 Billion ≈ $224.80 Million |
+3.71% |
| 2019-12-31 | CN¥1.48 Billion ≈ $216.76 Million |
-3.57% |
| 2018-12-31 | CN¥1.54 Billion ≈ $224.79 Million |
+0.23% |
| 2017-12-31 | CN¥1.53 Billion ≈ $224.26 Million |
-1.01% |
| 2016-12-31 | CN¥1.55 Billion ≈ $226.54 Million |
-7.56% |
| 2015-12-31 | CN¥1.67 Billion ≈ $245.08 Million |
+3.04% |
| 2014-12-31 | CN¥1.63 Billion ≈ $237.85 Million |
+2.74% |
| 2013-12-31 | CN¥1.58 Billion ≈ $231.50 Million |
+10.72% |
| 2012-12-31 | CN¥1.43 Billion ≈ $209.09 Million |
+5.56% |
| 2011-12-31 | CN¥1.35 Billion ≈ $198.07 Million |
+9.20% |
| 2010-12-31 | CN¥1.24 Billion ≈ $181.38 Million |
+374.77% |
| 2009-12-31 | CN¥261.07 Million ≈ $38.20 Million |
+27.92% |
| 2008-12-31 | CN¥204.09 Million ≈ $29.86 Million |
+60.20% |
| 2007-12-31 | CN¥127.39 Million ≈ $18.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Yunnan Lincang Xinyuan Germanium Industrial 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 543.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥382.10 Million | 26.19% |
| Other Components | CN¥1.08 Billion | 73.81% |
| Total Equity | CN¥1.46 Billion | 100.00% |
Yunnan Lincang Xinyuan Germanium Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Yunnan Lincang Xinyuan Germanium Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JAPAN EX UN.ADR 1/2 O.N.
F:OSKU
|
$9.61 Billion |
|
China Minmetals Rare Earth Co Ltd
SHE:000831
|
$9.61 Billion |
|
Confluent Inc
NASDAQ:CFLT
|
$9.62 Billion |
|
SUBARU CORP. ADR/1/2
F:FUH0
|
$9.62 Billion |
|
360 Security Technology Inc
SHG:601360
|
$9.60 Billion |
|
Finning International Inc.
TO:FTT
|
$9.59 Billion |
|
Riot Blockchain Inc
NASDAQ:RIOT
|
$9.58 Billion |
|
LPP S.A.
WAR:LPP
|
$9.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yunnan Lincang Xinyuan Germanium Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,455,601,009 to 1,459,120,188, a change of 3,519,179 (0.2%).
- Net income of 20,145,996 contributed positively to equity growth.
- Dividend payments of 57,637,614 reduced retained earnings.
- Other factors increased equity by 41,010,797.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥20.15 Million | +1.38% |
| Dividends Paid | CN¥57.64 Million | -3.95% |
| Other Changes | CN¥41.01 Million | +2.81% |
| Total Change | CN¥- | 0.24% |
Book Value vs Market Value Analysis
This analysis compares Yunnan Lincang Xinyuan Germanium Industrial 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: 44.96x
- 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 391.32x to 44.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.26 | CN¥100.44 | x |
| 2008-12-31 | CN¥0.40 | CN¥100.44 | x |
| 2009-12-31 | CN¥0.52 | CN¥100.44 | x |
| 2010-12-31 | CN¥2.73 | CN¥100.44 | x |
| 2011-12-31 | CN¥2.02 | CN¥100.44 | x |
| 2012-12-31 | CN¥2.07 | CN¥100.44 | x |
| 2013-12-31 | CN¥2.28 | CN¥100.44 | x |
| 2014-12-31 | CN¥2.35 | CN¥100.44 | x |
| 2015-12-31 | CN¥2.35 | CN¥100.44 | x |
| 2016-12-31 | CN¥2.28 | CN¥100.44 | x |
| 2017-12-31 | CN¥1.75 | CN¥100.44 | x |
| 2018-12-31 | CN¥1.73 | CN¥100.44 | x |
| 2019-12-31 | CN¥2.19 | CN¥100.44 | x |
| 2020-12-31 | CN¥2.23 | CN¥100.44 | x |
| 2021-12-31 | CN¥2.11 | CN¥100.44 | x |
| 2022-12-31 | CN¥2.26 | CN¥100.44 | x |
| 2023-12-31 | CN¥2.03 | CN¥100.44 | x |
| 2024-12-31 | CN¥2.19 | CN¥100.44 | x |
| 2025-12-31 | CN¥2.23 | CN¥100.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yunnan Lincang Xinyuan Germanium Industrial 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): 1.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.89%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.34x
- Recent ROE (1.38%) is below the historical average (8.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 55.44% | 41.93% | 0.80x | 1.65x | CN¥57.11 Million |
| 2008 | 41.57% | 38.90% | 0.57x | 1.88x | CN¥61.83 Million |
| 2009 | 30.89% | 41.80% | 0.43x | 1.73x | CN¥52.75 Million |
| 2010 | 6.23% | 43.51% | 0.14x | 1.02x | CN¥-46.38 Million |
| 2011 | 7.19% | 34.77% | 0.20x | 1.06x | CN¥-36.71 Million |
| 2012 | 7.23% | 26.26% | 0.22x | 1.26x | CN¥-38.42 Million |
| 2013 | 8.33% | 14.94% | 0.41x | 1.36x | CN¥-24.72 Million |
| 2014 | 8.09% | 22.53% | 0.27x | 1.35x | CN¥-29.58 Million |
| 2015 | 3.83% | 15.18% | 0.18x | 1.40x | CN¥-98.50 Million |
| 2016 | -7.00% | -34.60% | 0.16x | 1.29x | CN¥-250.56 Million |
| 2017 | 0.57% | 1.82% | 0.24x | 1.33x | CN¥-139.88 Million |
| 2018 | 0.58% | 1.85% | 0.24x | 1.28x | CN¥-140.16 Million |
| 2019 | -4.14% | -14.13% | 0.21x | 1.42x | CN¥-202.18 Million |
| 2020 | 1.56% | 3.38% | 0.30x | 1.53x | CN¥-122.88 Million |
| 2021 | 0.95% | 2.51% | 0.24x | 1.60x | CN¥-133.05 Million |
| 2022 | -4.43% | -11.63% | 0.22x | 1.71x | CN¥-203.18 Million |
| 2023 | 0.49% | 1.04% | 0.26x | 1.82x | CN¥-134.63 Million |
| 2024 | 3.65% | 6.92% | 0.24x | 2.18x | CN¥-92.46 Million |
| 2025 | 1.38% | 1.89% | 0.31x | 2.34x | CN¥-125.77 Million |
Industry Comparison
This section compares Yunnan Lincang Xinyuan Germanium Industrial Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,147,561,773
- Average return on equity (ROE) among peers: -9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yunnan Lincang Xinyuan Germanium Industrial Co Ltd (002428) | CN¥1.54 Billion | 55.44% | 1.27x | $9.60 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $5.63 Billion | 12.56% | 1.59x | $4.96 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $1.37 Billion | 1.21% | 0.99x | $10.28 Billion |
| Shengda Mining Co Ltd (000603) | $84.81 Million | 19.91% | 1.25x | $2.66 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $3.61 Billion | -165.98% | 1.67x | $4.35 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $7.90 Billion | 10.13% | 0.99x | $32.84 Billion |
| Guocheng Mining Co Ltd (000688) | $-193.96 Million | 0.00% | 0.00x | $6.57 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $1.70 Billion | 6.83% | 1.05x | $1.22 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $100.96 Million | 19.15% | 2.91x | $2.05 Billion |
| Tibet Mineral Development Co Ltd (000762) | $511.27 Million | 1.01% | 0.41x | $2.30 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $768.04 Million | 1.24% | 0.33x | $1.63 Billion |
About Yunnan Lincang Xinyuan Germanium Industrial Co Ltd
Yunnan Lincang Xinyuan Germanium Industry Co.,LTD engages in the research and development, deep processing, germanium mining, pyrometallurgical enrichment, hydrometallurgical purification, and zone melting refining in China. The company offers material-grade germanium products, including germanium ingots and germanium dioxide; photovoltaic-grade germanium products, such as solar germanium wafers;… Read more