Shenzhen MTC Co Ltd (002429) - Net Assets
Based on the latest financial reports, Shenzhen MTC Co Ltd (002429) has net assets worth CN¥16.95 Billion CNY (≈ $2.48 Billion 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¥28.00 Billion ≈ $4.10 Billion USD) and total liabilities (CN¥11.05 Billion ≈ $1.62 Billion 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 Shenzhen MTC Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥16.95 Billion |
| % of Total Assets | 60.54% |
| Annual Growth Rate | 24.77% |
| 5-Year Change | 38.98% |
| 10-Year Change | 236.84% |
| Growth Volatility | 65.5 |
Shenzhen MTC Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Shenzhen MTC Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002429 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen MTC Co Ltd (2007–2024)
The table below shows the annual net assets of Shenzhen MTC Co Ltd from 2007 to 2024. For live valuation and market cap data, see how much is Shenzhen MTC Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥16.33 Billion ≈ $2.39 Billion |
+7.22% |
| 2023-12-31 | CN¥15.23 Billion ≈ $2.23 Billion |
+9.60% |
| 2022-12-31 | CN¥13.89 Billion ≈ $2.03 Billion |
+7.21% |
| 2021-12-31 | CN¥12.96 Billion ≈ $1.90 Billion |
+10.31% |
| 2020-12-31 | CN¥11.75 Billion ≈ $1.72 Billion |
+20.45% |
| 2019-12-31 | CN¥9.75 Billion ≈ $1.43 Billion |
+12.36% |
| 2018-12-31 | CN¥8.68 Billion ≈ $1.27 Billion |
+5.03% |
| 2017-12-31 | CN¥8.26 Billion ≈ $1.21 Billion |
+6.48% |
| 2016-12-31 | CN¥7.76 Billion ≈ $1.14 Billion |
+60.13% |
| 2015-12-31 | CN¥4.85 Billion ≈ $709.29 Million |
+8.05% |
| 2014-12-31 | CN¥4.49 Billion ≈ $656.48 Million |
+17.24% |
| 2013-12-31 | CN¥3.83 Billion ≈ $559.93 Million |
+14.60% |
| 2012-12-31 | CN¥3.34 Billion ≈ $488.57 Million |
+14.13% |
| 2011-12-31 | CN¥2.93 Billion ≈ $428.10 Million |
+9.89% |
| 2010-12-31 | CN¥2.66 Billion ≈ $389.57 Million |
+288.86% |
| 2009-12-31 | CN¥684.62 Million ≈ $100.18 Million |
+43.55% |
| 2008-12-31 | CN¥476.94 Million ≈ $69.79 Million |
+25.71% |
| 2007-12-31 | CN¥379.39 Million ≈ $55.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen MTC 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 9549.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.80 Billion | 61.68% |
| Common Stock | CN¥4.53 Billion | 28.50% |
| Other Components | CN¥1.56 Billion | 9.82% |
| Total Equity | CN¥15.89 Billion | 100.00% |
Shenzhen MTC Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen MTC Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Janus Henderson Group PLC
NYSE:JHG
|
$7.33 Billion |
|
Dixon Technologies (India) Limited
NSE:DIXON
|
$7.33 Billion |
|
Weatherford International plc
NASDAQ:WFRD
|
$7.33 Billion |
|
President Chain Store Corp
TW:2912
|
$7.34 Billion |
|
Andritz AG
VI:ANDR
|
$7.32 Billion |
|
Asia Potash International Investment Guangzhou Co Ltd
SHE:000893
|
$7.31 Billion |
|
Verona Pharma PLC ADR
NASDAQ:VRNA
|
$7.31 Billion |
|
BARRY CALLEBA. ADR 1/100
F:BCLM
|
$7.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen MTC Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,801,657,466 to 15,885,047,116, a change of 1,083,389,650 (7.3%).
- Net income of 1,602,493,357 contributed positively to equity growth.
- Dividend payments of 613,253,123 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.60 Billion | +10.09% |
| Dividends Paid | CN¥613.25 Million | -3.86% |
| Other Changes | CN¥94.15 Million | +0.59% |
| Total Change | CN¥- | 7.32% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen MTC 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: 3.15x
- 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 97.91x to 3.15x 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¥0.11 | CN¥11.05 | x |
| 2008-12-31 | CN¥0.14 | CN¥11.05 | x |
| 2009-12-31 | CN¥0.19 | CN¥11.05 | x |
| 2010-12-31 | CN¥0.66 | CN¥11.05 | x |
| 2011-12-31 | CN¥0.74 | CN¥11.05 | x |
| 2012-12-31 | CN¥0.83 | CN¥11.05 | x |
| 2013-12-31 | CN¥0.96 | CN¥11.05 | x |
| 2014-12-31 | CN¥1.13 | CN¥11.05 | x |
| 2015-12-31 | CN¥1.23 | CN¥11.05 | x |
| 2016-12-31 | CN¥1.86 | CN¥11.05 | x |
| 2017-12-31 | CN¥1.79 | CN¥11.05 | x |
| 2018-12-31 | CN¥1.96 | CN¥11.05 | x |
| 2019-12-31 | CN¥2.17 | CN¥11.05 | x |
| 2020-12-31 | CN¥2.54 | CN¥11.05 | x |
| 2021-12-31 | CN¥2.78 | CN¥11.05 | x |
| 2022-12-31 | CN¥3.01 | CN¥11.05 | x |
| 2023-12-31 | CN¥3.26 | CN¥11.05 | x |
| 2024-12-31 | CN¥3.51 | CN¥11.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen MTC 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): 10.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.88%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.83x
- Recent ROE (10.09%) is below the historical average (14.09%), 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 | 38.86% | 7.25% | 1.90x | 2.81x | CN¥109.47 Million |
| 2008 | 20.60% | 5.31% | 1.99x | 1.95x | CN¥50.56 Million |
| 2009 | 36.46% | 8.78% | 2.17x | 1.91x | CN¥181.12 Million |
| 2010 | 12.88% | 11.36% | 0.96x | 1.18x | CN¥76.80 Million |
| 2011 | 13.93% | 9.11% | 0.88x | 1.75x | CN¥115.05 Million |
| 2012 | 16.06% | 8.31% | 1.20x | 1.61x | CN¥202.44 Million |
| 2013 | 16.62% | 9.38% | 0.94x | 1.89x | CN¥253.24 Million |
| 2014 | 14.84% | 9.37% | 1.03x | 1.54x | CN¥217.04 Million |
| 2015 | 7.16% | 5.67% | 0.64x | 1.96x | CN¥-137.09 Million |
| 2016 | 4.85% | 5.01% | 0.61x | 1.59x | CN¥-398.05 Million |
| 2017 | 7.32% | 5.89% | 0.62x | 2.02x | CN¥-220.86 Million |
| 2018 | 5.11% | 3.46% | 0.69x | 2.15x | CN¥-426.14 Million |
| 2019 | 11.50% | 8.41% | 0.61x | 2.26x | CN¥146.07 Million |
| 2020 | 15.47% | 8.74% | 0.76x | 2.33x | CN¥623.77 Million |
| 2021 | 2.67% | 1.48% | 0.88x | 2.05x | CN¥-915.78 Million |
| 2022 | 8.42% | 7.63% | 0.59x | 1.88x | CN¥-215.33 Million |
| 2023 | 10.73% | 9.25% | 0.64x | 1.81x | CN¥108.26 Million |
| 2024 | 10.09% | 7.88% | 0.70x | 1.83x | CN¥13.99 Million |
Industry Comparison
This section compares Shenzhen MTC Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $22,382,753,510
- Average return on equity (ROE) among peers: 9.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen MTC Co Ltd (002429) | CN¥16.95 Billion | 38.86% | 0.65x | $7.32 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $268.05 Million | 14.99% | 0.70x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $2.04 Billion | 1.99% | 1.09x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $71.78 Million | 14.95% | 2.27x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $5.47 Billion | 2.55% | 1.92x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $202.05 Billion | 3.73% | 1.08x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $969.90 Million | 7.97% | 0.47x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $1.20 Billion | 11.77% | 0.91x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $2.83 Billion | 11.00% | 0.55x | $4.88 Billion |
About Shenzhen MTC Co Ltd
Shenzhen MTC Co., Ltd. researches, develops, manufactures, sells, and services home audio-visual and related products in China. The company offers LCD TVs and display products; network communication products; smart audio and video equipment and various IoT products; LED chips; LED devices and components; LED application products, etc. Shenzhen MTC Co., Ltd. was founded in 2007 and is headquartere… Read more