Lingyi iTech Guangdong Co (002600) - Net Assets
Based on the latest financial reports, Lingyi iTech Guangdong Co (002600) has net assets worth CN¥24.89 Billion CNY (≈ $3.64 Billion 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¥56.23 Billion ≈ $8.23 Billion USD) and total liabilities (CN¥31.34 Billion ≈ $4.59 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. Also explore Lingyi iTech Guangdong Co balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥24.89 Billion |
| % of Total Assets | 44.26% |
| Annual Growth Rate | 27.13% |
| 5-Year Change | 57.71% |
| 10-Year Change | 364.15% |
| Growth Volatility | 44.38 |
Lingyi iTech Guangdong Co - Net Assets Trend (2008–2025)
This chart illustrates how Lingyi iTech Guangdong Co's net assets have evolved over time, based on quarterly financial data. Check Lingyi iTech Guangdong Co (002600) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Lingyi iTech Guangdong Co (2008–2025)
The table below shows the annual net assets of Lingyi iTech Guangdong Co from 2008 to 2025. For live valuation and market cap data, see how much is Lingyi iTech Guangdong Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥24.99 Billion ≈ $3.66 Billion |
+25.71% |
| 2024-12-31 | CN¥19.87 Billion ≈ $2.91 Billion |
+8.54% |
| 2023-12-31 | CN¥18.31 Billion ≈ $2.68 Billion |
+6.11% |
| 2022-12-31 | CN¥17.26 Billion ≈ $2.53 Billion |
+8.93% |
| 2021-12-31 | CN¥15.84 Billion ≈ $2.32 Billion |
+9.29% |
| 2020-12-31 | CN¥14.50 Billion ≈ $2.12 Billion |
+24.31% |
| 2019-12-31 | CN¥11.66 Billion ≈ $1.71 Billion |
+17.59% |
| 2018-12-31 | CN¥9.92 Billion ≈ $1.45 Billion |
+140.94% |
| 2017-12-31 | CN¥4.12 Billion ≈ $602.30 Million |
-23.54% |
| 2016-12-31 | CN¥5.38 Billion ≈ $787.72 Million |
+87.48% |
| 2015-12-31 | CN¥2.87 Billion ≈ $420.17 Million |
+104.69% |
| 2014-12-31 | CN¥1.40 Billion ≈ $205.27 Million |
+1.81% |
| 2013-12-31 | CN¥1.38 Billion ≈ $201.62 Million |
-0.59% |
| 2012-12-31 | CN¥1.39 Billion ≈ $202.81 Million |
-0.05% |
| 2011-12-31 | CN¥1.39 Billion ≈ $202.90 Million |
+96.99% |
| 2010-12-31 | CN¥703.88 Million ≈ $103.00 Million |
+43.87% |
| 2009-12-31 | CN¥489.25 Million ≈ $71.59 Million |
+15.95% |
| 2008-12-31 | CN¥421.96 Million ≈ $61.75 Million |
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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 66028.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.44 Billion | 43.43% |
| Common Stock | CN¥1.83 Billion | 7.62% |
| Other Comprehensive Income | CN¥1.05 Billion | 4.35% |
| Other Components | CN¥10.72 Billion | 44.60% |
| Total Equity | CN¥24.04 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 |
|---|---|
|
NAT.B.GR. SPONS.ADR/1
F:NAG
|
$13.22 Billion |
|
The Siam Commercial Bank Public Company Limited
BK:SCB-R
|
$13.22 Billion |
|
Xian LONGi Silicon Materials Corp
SHG:601012
|
$13.23 Billion |
|
McCormick & Company Incorporated
NYSE:MKC
|
$13.24 Billion |
|
EDP RENOVAV. ADR /2 EO 5
F:EDW0
|
$13.21 Billion |
|
Beijing YanDong MicroElectronic Co. Ltd. A
SHG:688172
|
$13.20 Billion |
|
Korea Zinc Inc
KO:010130
|
$13.20 Billion |
|
Leidos Holdings Inc
NYSE:LDOS
|
$13.20 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 2024 to 2025, total equity changed from 19,807,670,030 to 24,040,142,000, a change of 4,232,471,970 (21.4%).
- Net income of 2,287,724,000 contributed positively to equity growth.
- Dividend payments of 285,520,137 reduced retained earnings.
- Share repurchases of 319,979,159 reduced equity.
- Other comprehensive income increased equity by 1,046,796,000.
- Other factors increased equity by 1,503,451,266.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.29 Billion | +9.52% |
| Dividends Paid | CN¥285.52 Million | -1.19% |
| Share Repurchases | CN¥319.98 Million | -1.33% |
| Other Comprehensive Income | CN¥1.05 Billion | +4.35% |
| Other Changes | CN¥1.50 Billion | +6.25% |
| Total Change | CN¥- | 21.37% |
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: 3.67x
- 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 21.51x to 3.67x 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¥12.35 | x |
| 2009-12-31 | CN¥0.57 | CN¥12.35 | x |
| 2010-12-31 | CN¥0.71 | CN¥12.35 | x |
| 2011-12-31 | CN¥1.16 | CN¥12.35 | x |
| 2012-12-31 | CN¥0.98 | CN¥12.35 | x |
| 2013-12-31 | CN¥0.93 | CN¥12.35 | x |
| 2014-12-31 | CN¥1.01 | CN¥12.35 | x |
| 2015-12-31 | CN¥1.77 | CN¥12.35 | x |
| 2016-12-31 | CN¥2.47 | CN¥12.35 | x |
| 2017-12-31 | CN¥0.93 | CN¥12.35 | x |
| 2018-12-31 | CN¥1.45 | CN¥12.35 | x |
| 2019-12-31 | CN¥1.73 | CN¥12.35 | x |
| 2020-12-31 | CN¥2.04 | CN¥12.35 | x |
| 2021-12-31 | CN¥2.24 | CN¥12.35 | x |
| 2022-12-31 | CN¥2.44 | CN¥12.35 | x |
| 2023-12-31 | CN¥2.58 | CN¥12.35 | x |
| 2024-12-31 | CN¥2.82 | CN¥12.35 | x |
| 2025-12-31 | CN¥3.36 | CN¥12.35 | 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): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.46%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.43x
- Recent ROE (9.52%) is above the historical average (9.23%), 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% | 0.95% | 0.79x | 2.26x | CN¥-224.89 Million |
| 2016 | 4.46% | 1.94% | 0.95x | 2.43x | CN¥-291.04 Million |
| 2017 | 40.98% | 17.46% | 1.00x | 2.35x | CN¥1.27 Billion |
| 2018 | -6.91% | -3.02% | 1.02x | 2.25x | CN¥-1.66 Billion |
| 2019 | 16.31% | 7.92% | 0.88x | 2.35x | CN¥732.79 Million |
| 2020 | 15.68% | 8.05% | 0.94x | 2.08x | 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 |
| 2025 | 9.52% | 4.46% | 0.88x | 2.43x | CN¥-116.29 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: $20,143,014,268
- Average return on equity (ROE) among peers: 13.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lingyi iTech Guangdong Co (002600) | CN¥24.89 Billion | 13.50% | 1.26x | $13.21 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $259.00 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $918.48 Million | 25.54% | 4.09x | $1.36 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $574.21 Million | 35.78% | 2.25x | $375.63 Million |
| CPT Technology Group Co Ltd (000536) | $37.48 Million | 52.37% | 3.78x | $1.23 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $4.57 Billion | 3.04% | 0.46x | $7.50 Billion |
| Xiamen Xindeco Ltd (000701) | $524.39 Million | 2.71% | 1.74x | $434.14 Million |
| BOE Technology Group Co Ltd (000725) | $173.40 Billion | 2.90% | 1.45x | $33.57 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $14.35 Billion | 18.69% | 0.25x | $3.24 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.84 Billion | 6.54% | 0.15x | $2.26 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.98 Billion | 8.85% | 0.25x | $4.46 Billion |
About Lingyi iTech Guangdong Co
Lingyi iTech (Guangdong) Company, through its subsidiaries, engages in manufacturing and sales of electronic equipment, automotive and low-altitude economy products in China, Mainland China, Asia, Europe, 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… Read more