Longxing Chemical Stock Co Ltd
Longxing Technology Group Co., Ltd. produces and sells carbon black products under the Longxing brand in China. The company offers carbon black, silica, and coal tar products. Its carbon black is used for the production of steel and semi-steel radial tires and inner tubes; and used in door and window sealing strips, oil pipes, shock absorbers, brake pads, and other auto parts, as well as rubbers,… Read more
Longxing Chemical Stock Co Ltd (002442) - Net Assets
Latest net assets as of September 2025: CN¥1.85 Billion CNY
Based on the latest financial reports, Longxing Chemical Stock Co Ltd (002442) has net assets worth CN¥1.85 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¥4.51 Billion) and total liabilities (CN¥2.67 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¥1.85 Billion |
| % of Total Assets | 40.89% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | 40.08% |
| 10-Year Change | 74.68% |
| Growth Volatility | 38.46 |
Longxing Chemical Stock Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Longxing Chemical Stock 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 Longxing Chemical Stock Co Ltd (2007–2024)
The table below shows the annual net assets of Longxing Chemical Stock Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.84 Billion | +6.97% |
| 2023-12-31 | CN¥1.72 Billion | +8.36% |
| 2022-12-31 | CN¥1.59 Billion | +5.44% |
| 2021-12-31 | CN¥1.51 Billion | +14.62% |
| 2020-12-31 | CN¥1.31 Billion | +6.26% |
| 2019-12-31 | CN¥1.24 Billion | -2.28% |
| 2018-12-31 | CN¥1.27 Billion | +11.70% |
| 2017-12-31 | CN¥1.13 Billion | +2.19% |
| 2016-12-31 | CN¥1.11 Billion | +5.22% |
| 2015-12-31 | CN¥1.05 Billion | -7.31% |
| 2014-12-31 | CN¥1.14 Billion | -0.21% |
| 2013-12-31 | CN¥1.14 Billion | -5.06% |
| 2012-12-31 | CN¥1.20 Billion | -1.83% |
| 2011-12-31 | CN¥1.22 Billion | +15.46% |
| 2010-12-31 | CN¥1.06 Billion | +166.16% |
| 2009-12-31 | CN¥397.95 Million | +18.37% |
| 2008-12-31 | CN¥336.18 Million | +10.03% |
| 2007-12-31 | CN¥305.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Longxing Chemical Stock 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 416.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥748.92 Million | 40.68% |
| Common Stock | CN¥503.30 Million | 27.34% |
| Other Components | CN¥588.77 Million | 31.98% |
| Total Equity | CN¥1.84 Billion | 100.00% |
Longxing Chemical Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Longxing Chemical Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Satellogic V Inc
NASDAQ:SATL
|
$262.55 Million |
|
First Copper Technology Co Ltd
TW:2009
|
$262.55 Million |
|
CellaVision AB
ST:CEVI
|
$262.59 Million |
|
Allied Supreme Corp
TW:4770
|
$262.65 Million |
|
ShaMaran Petroleum Corp
PINK:SHASF
|
$262.48 Million |
|
SEMLER SCIENTIFIC DL-001
F:6FA
|
$262.41 Million |
|
CARsgen Therapeutics Holdings Limited
PINK:CRTHF
|
$262.40 Million |
|
AXISCADES Technologies Limited
NSE:AXISCADES
|
$262.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Longxing Chemical Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,721,653,734 to 1,840,990,566, a change of 119,336,832 (6.9%).
- Net income of 142,086,515 contributed positively to equity growth.
- Dividend payments of 110,869,434 reduced retained earnings.
- Share repurchases of 320,574 reduced equity.
- Other factors increased equity by 88,440,325.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥142.09 Million | +7.72% |
| Dividends Paid | CN¥110.87 Million | -6.02% |
| Share Repurchases | CN¥320.57K | -0.02% |
| Other Changes | CN¥88.44 Million | +4.8% |
| Total Change | CN¥- | 6.93% |
Book Value vs Market Value Analysis
This analysis compares Longxing Chemical Stock 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: 2.01x
- 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 7.77x to 2.01x 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¥0.85 | CN¥6.57 | x |
| 2008-12-31 | CN¥0.91 | CN¥6.57 | x |
| 2009-12-31 | CN¥1.10 | CN¥6.57 | x |
| 2010-12-31 | CN¥2.43 | CN¥6.57 | x |
| 2011-12-31 | CN¥2.33 | CN¥6.57 | x |
| 2012-12-31 | CN¥2.29 | CN¥6.57 | x |
| 2013-12-31 | CN¥2.37 | CN¥6.57 | x |
| 2014-12-31 | CN¥2.37 | CN¥6.57 | x |
| 2015-12-31 | CN¥2.20 | CN¥6.57 | x |
| 2016-12-31 | CN¥2.26 | CN¥6.57 | x |
| 2017-12-31 | CN¥2.36 | CN¥6.57 | x |
| 2018-12-31 | CN¥2.64 | CN¥6.57 | x |
| 2019-12-31 | CN¥2.58 | CN¥6.57 | x |
| 2020-12-31 | CN¥2.74 | CN¥6.57 | x |
| 2021-12-31 | CN¥3.14 | CN¥6.57 | x |
| 2022-12-31 | CN¥3.30 | CN¥6.57 | x |
| 2023-12-31 | CN¥3.55 | CN¥6.57 | x |
| 2024-12-31 | CN¥3.28 | CN¥6.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Longxing Chemical Stock 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): 7.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.26%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.40x
- Recent ROE (7.72%) is above the historical average (7.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 34.00% | 16.57% | 0.84x | 2.45x | CN¥73.31 Million |
| 2008 | 9.12% | 3.43% | 0.96x | 2.76x | CN¥-2.96 Million |
| 2009 | 17.41% | 7.16% | 1.08x | 2.26x | CN¥29.47 Million |
| 2010 | 6.85% | 5.44% | 0.77x | 1.63x | CN¥-33.41 Million |
| 2011 | 10.71% | 5.98% | 0.93x | 1.93x | CN¥8.09 Million |
| 2012 | 3.92% | 2.27% | 0.74x | 2.34x | CN¥-68.20 Million |
| 2013 | 1.71% | 0.83% | 0.75x | 2.75x | CN¥-94.47 Million |
| 2014 | 1.32% | 0.62% | 0.77x | 2.78x | CN¥-98.74 Million |
| 2015 | -7.82% | -4.75% | 0.61x | 2.68x | CN¥-187.86 Million |
| 2016 | 2.85% | 1.67% | 0.71x | 2.41x | CN¥-77.50 Million |
| 2017 | 4.41% | 1.85% | 0.91x | 2.62x | CN¥-63.40 Million |
| 2018 | 10.48% | 4.30% | 1.06x | 2.30x | CN¥6.11 Million |
| 2019 | 1.55% | 0.69% | 1.05x | 2.15x | CN¥-104.50 Million |
| 2020 | 5.89% | 3.37% | 0.91x | 1.91x | CN¥-54.01 Million |
| 2021 | 11.39% | 4.99% | 1.23x | 1.86x | CN¥20.95 Million |
| 2022 | 6.53% | 2.27% | 1.35x | 2.13x | CN¥-55.20 Million |
| 2023 | 6.41% | 2.58% | 1.12x | 2.21x | CN¥-61.76 Million |
| 2024 | 7.72% | 3.26% | 0.99x | 2.40x | CN¥-42.01 Million |
Industry Comparison
This section compares Longxing Chemical Stock Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Longxing Chemical Stock Co Ltd (002442) | CN¥1.85 Billion | 34.00% | 1.45x | $262.50 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |