Lingyi iTech Guangdong Co
Lingyi iTech (Guangdong) Company provides smart manufacturing services and solutions in China and internationally. The company provides electric heating, battery power, and thermal management (heat dissipation) solutions; as well as AI mobile phones and folding screen mobile phones; AIPC and tablet computers; image display; materials; AI glasses and XR wearable devices; boutique assembly; sensors… Read more
Lingyi iTech Guangdong Co (002600) - Net Assets
Latest net assets as of September 2025: CN¥23.27 Billion CNY
Based on the latest financial reports, Lingyi iTech Guangdong Co (002600) has net assets worth CN¥23.27 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¥51.76 Billion) and total liabilities (CN¥28.48 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¥23.27 Billion |
| % of Total Assets | 44.97% |
| Annual Growth Rate | 27.22% |
| 5-Year Change | 37.1% |
| 10-Year Change | 592.19% |
| Growth Volatility | 34.34 |
Lingyi iTech Guangdong Co - Net Assets Trend (2008–2024)
This chart illustrates how Lingyi iTech Guangdong Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lingyi iTech Guangdong Co (2008–2024)
The table below shows the annual net assets of Lingyi iTech Guangdong Co from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥19.87 Billion | +8.54% |
| 2023-12-31 | CN¥18.31 Billion | +6.11% |
| 2022-12-31 | CN¥17.26 Billion | +8.93% |
| 2021-12-31 | CN¥15.84 Billion | +9.29% |
| 2020-12-31 | CN¥14.50 Billion | +24.33% |
| 2019-12-31 | CN¥11.66 Billion | +17.52% |
| 2018-12-31 | CN¥9.92 Billion | +49.02% |
| 2017-12-31 | CN¥6.66 Billion | +23.68% |
| 2016-12-31 | CN¥5.38 Billion | +87.48% |
| 2015-12-31 | CN¥2.87 Billion | +104.69% |
| 2014-12-31 | CN¥1.40 Billion | +1.81% |
| 2013-12-31 | CN¥1.38 Billion | -0.59% |
| 2012-12-31 | CN¥1.39 Billion | -0.05% |
| 2011-12-31 | CN¥1.39 Billion | +96.99% |
| 2010-12-31 | CN¥703.88 Million | +43.87% |
| 2009-12-31 | CN¥489.25 Million | +15.95% |
| 2008-12-31 | CN¥421.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lingyi iTech Guangdong Co'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 53944.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.53 Billion | 43.08% |
| Common Stock | CN¥1.76 Billion | 8.87% |
| Other Components | CN¥9.52 Billion | 48.05% |
| Total Equity | CN¥19.81 Billion | 100.00% |
Lingyi iTech Guangdong Co Competitors by Market Cap
The table below lists competitors of Lingyi iTech Guangdong Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Talkweb Information System Co Ltd
SHE:002261
|
$5.05 Billion |
|
NEXTDC Ltd
AU:NXT
|
$5.05 Billion |
|
Hochtief AG
LSE:0EPW
|
$5.05 Billion |
|
Liberty Live Holdings, Inc. Series C Liberty Live Group Common Stock
NASDAQ:LLYVK
|
$5.05 Billion |
|
RATIONAL Aktiengesellschaft
PINK:RTLLF
|
$5.04 Billion |
|
Banco Macro S.A
F:B4W
|
$5.04 Billion |
|
Hancock Whitney Corp
NASDAQ:HWC
|
$5.04 Billion |
|
Swissquote Group Holding SA
SW:SQN
|
$5.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lingyi iTech Guangdong Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,250,835,144 to 19,807,670,030, a change of 1,556,834,886 (8.5%).
- Net income of 1,753,492,067 contributed positively to equity growth.
- Dividend payments of 454,165,817 reduced retained earnings.
- Share repurchases of 60,117,835 reduced equity.
- Other comprehensive income decreased equity by 1,148,139,131.
- Other factors increased equity by 1,465,765,602.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.75 Billion | +8.85% |
| Dividends Paid | CN¥454.17 Million | -2.29% |
| Share Repurchases | CN¥60.12 Million | -0.3% |
| Other Comprehensive Income | CN¥-1.15 Billion | -5.8% |
| Other Changes | CN¥1.47 Billion | +7.4% |
| Total Change | CN¥- | 8.53% |
Book Value vs Market Value Analysis
This analysis compares Lingyi iTech Guangdong Co'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: 5.00x
- 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 24.61x to 5.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.57 | CN¥14.13 | x |
| 2009-12-31 | CN¥0.57 | CN¥14.13 | x |
| 2010-12-31 | CN¥0.71 | CN¥14.13 | x |
| 2011-12-31 | CN¥1.16 | CN¥14.13 | x |
| 2012-12-31 | CN¥0.98 | CN¥14.13 | x |
| 2013-12-31 | CN¥0.93 | CN¥14.13 | x |
| 2014-12-31 | CN¥1.01 | CN¥14.13 | x |
| 2015-12-31 | CN¥1.77 | CN¥14.13 | x |
| 2016-12-31 | CN¥2.47 | CN¥14.13 | x |
| 2017-12-31 | CN¥1.48 | CN¥14.13 | x |
| 2018-12-31 | CN¥1.45 | CN¥14.13 | x |
| 2019-12-31 | CN¥1.73 | CN¥14.13 | x |
| 2020-12-31 | CN¥2.04 | CN¥14.13 | x |
| 2021-12-31 | CN¥2.24 | CN¥14.13 | x |
| 2022-12-31 | CN¥2.44 | CN¥14.13 | x |
| 2023-12-31 | CN¥2.58 | CN¥14.13 | x |
| 2024-12-31 | CN¥2.82 | CN¥14.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lingyi iTech Guangdong Co 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): 8.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.97%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.28x
- Recent ROE (8.85%) is above the historical average (8.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.50% | 9.44% | 0.75x | 1.90x | CN¥13.51 Million |
| 2009 | 11.83% | 10.16% | 0.66x | 1.76x | CN¥8.00 Million |
| 2010 | 12.96% | 10.57% | 0.77x | 1.59x | CN¥18.59 Million |
| 2011 | 3.89% | 5.54% | 0.53x | 1.32x | CN¥-77.89 Million |
| 2012 | 3.82% | 4.55% | 0.62x | 1.35x | CN¥-79.83 Million |
| 2013 | 1.35% | 1.23% | 0.64x | 1.72x | CN¥-110.37 Million |
| 2014 | 0.28% | 0.10% | 1.27x | 2.20x | CN¥-121.29 Million |
| 2015 | 1.70% | 1.01% | 0.74x | 2.26x | CN¥-224.89 Million |
| 2016 | 4.46% | 4.44% | 0.41x | 2.43x | CN¥-291.04 Million |
| 2017 | 25.74% | 17.46% | 0.65x | 2.27x | CN¥1.03 Billion |
| 2018 | -6.90% | -3.02% | 1.02x | 2.25x | CN¥-1.66 Billion |
| 2019 | 16.31% | 7.92% | 0.88x | 2.35x | CN¥732.97 Million |
| 2020 | 15.68% | 8.05% | 0.96x | 2.03x | CN¥820.45 Million |
| 2021 | 7.47% | 3.88% | 0.85x | 2.25x | CN¥-400.47 Million |
| 2022 | 9.30% | 4.63% | 0.95x | 2.11x | CN¥-120.59 Million |
| 2023 | 11.24% | 6.01% | 0.92x | 2.04x | CN¥225.82 Million |
| 2024 | 8.85% | 3.97% | 0.98x | 2.28x | CN¥-227.27 Million |
Industry Comparison
This section compares Lingyi iTech Guangdong Co's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lingyi iTech Guangdong Co (002600) | CN¥23.27 Billion | 13.50% | 1.22x | $5.04 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |