LB Group Co Ltd (002601) - Net Assets
Based on the latest financial reports, LB Group Co Ltd (002601) has net assets worth CN¥27.34 Billion CNY (≈ $4.00 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¥63.89 Billion ≈ $9.35 Billion USD) and total liabilities (CN¥36.55 Billion ≈ $5.35 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 002601 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.34 Billion |
| % of Total Assets | 42.79% |
| Annual Growth Rate | 33.29% |
| 5-Year Change | 31.57% |
| 10-Year Change | 114.66% |
| Growth Volatility | 133.22 |
LB Group Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how LB Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002601 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for LB Group Co Ltd (2008–2025)
The table below shows the annual net assets of LB Group Co Ltd from 2008 to 2025. For live valuation and market cap data, see LB Group Co Ltd (002601) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥27.35 Billion ≈ $4.00 Billion |
+6.05% |
| 2024-12-31 | CN¥25.79 Billion ≈ $3.77 Billion |
+3.07% |
| 2023-12-31 | CN¥25.02 Billion ≈ $3.66 Billion |
+7.55% |
| 2022-12-31 | CN¥23.27 Billion ≈ $3.40 Billion |
+11.92% |
| 2021-12-31 | CN¥20.79 Billion ≈ $3.04 Billion |
+31.26% |
| 2020-12-31 | CN¥15.84 Billion ≈ $2.32 Billion |
+12.55% |
| 2019-12-31 | CN¥14.07 Billion ≈ $2.06 Billion |
+11.38% |
| 2018-12-31 | CN¥12.63 Billion ≈ $1.85 Billion |
-5.25% |
| 2017-12-31 | CN¥13.33 Billion ≈ $1.95 Billion |
+4.65% |
| 2016-12-31 | CN¥12.74 Billion ≈ $1.86 Billion |
+440.38% |
| 2015-12-31 | CN¥2.36 Billion ≈ $345.04 Million |
+5.53% |
| 2014-12-31 | CN¥2.23 Billion ≈ $326.95 Million |
+3.08% |
| 2013-12-31 | CN¥2.17 Billion ≈ $317.19 Million |
+1.50% |
| 2012-12-31 | CN¥2.14 Billion ≈ $312.49 Million |
+5.88% |
| 2011-12-31 | CN¥2.02 Billion ≈ $295.12 Million |
+405.29% |
| 2010-12-31 | CN¥399.13 Million ≈ $58.41 Million |
+54.44% |
| 2009-12-31 | CN¥258.44 Million ≈ $37.82 Million |
+25.03% |
| 2008-12-31 | CN¥206.70 Million ≈ $30.25 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to LB Group 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 9353.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.91 Billion | 21.44% |
| Other Components | CN¥17.98 Billion | 78.56% |
| Total Equity | CN¥22.88 Billion | 100.00% |
LB Group Co Ltd Competitors by Market Cap
The table below lists competitors of LB Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vietnam Rubber Group Ltd
VN:GVR
|
$5.40 Billion |
|
GREEK O.FOOTB. ADR 1/2
F:GF8A
|
$5.41 Billion |
|
Porsche Automobil Holding SE
XETRA:PAH3
|
$5.41 Billion |
|
Paylocity Holding Corporation
NASDAQ:PCTY
|
$5.41 Billion |
|
Gecina SA
PA:GFC
|
$5.40 Billion |
|
Blue Owl Capital Corporation
NYSE:OBDC
|
$5.39 Billion |
|
Installed Building Products Inc
NYSE:IBP
|
$5.39 Billion |
|
Gerdau S.A
MX:GGBN
|
$5.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LB Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,004,001,565 to 22,881,080,796, a change of -122,920,769 (-0.5%).
- Net income of 1,244,565,891 contributed positively to equity growth.
- Dividend payments of 1,965,930,448 reduced retained earnings.
- Other factors increased equity by 598,443,787.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.24 Billion | +5.44% |
| Dividends Paid | CN¥1.97 Billion | -8.59% |
| Other Changes | CN¥598.44 Million | +2.62% |
| Total Change | CN¥- | -0.53% |
Book Value vs Market Value Analysis
This analysis compares LB Group 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: 1.61x
- 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 37.39x to 1.61x 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¥0.41 | CN¥15.48 | x |
| 2009-12-31 | CN¥0.53 | CN¥15.48 | x |
| 2010-12-31 | CN¥0.81 | CN¥15.48 | x |
| 2011-12-31 | CN¥3.61 | CN¥15.48 | x |
| 2012-12-31 | CN¥3.24 | CN¥15.48 | x |
| 2013-12-31 | CN¥3.15 | CN¥15.48 | x |
| 2014-12-31 | CN¥3.26 | CN¥15.48 | x |
| 2015-12-31 | CN¥3.30 | CN¥15.48 | x |
| 2016-12-31 | CN¥12.00 | CN¥15.48 | x |
| 2017-12-31 | CN¥6.44 | CN¥15.48 | x |
| 2018-12-31 | CN¥6.25 | CN¥15.48 | x |
| 2019-12-31 | CN¥6.83 | CN¥15.48 | x |
| 2020-12-31 | CN¥6.99 | CN¥15.48 | x |
| 2021-12-31 | CN¥8.46 | CN¥15.48 | x |
| 2022-12-31 | CN¥8.74 | CN¥15.48 | x |
| 2023-12-31 | CN¥9.41 | CN¥15.48 | x |
| 2024-12-31 | CN¥9.65 | CN¥15.48 | x |
| 2025-12-31 | CN¥9.60 | CN¥15.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LB Group 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): 5.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.79%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.82x
- Recent ROE (5.44%) is below the historical average (13.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 6.21% | 1.70% | 0.90x | 4.09x | CN¥-7.83 Million |
| 2009 | 20.02% | 6.64% | 0.75x | 4.01x | CN¥25.90 Million |
| 2010 | 40.51% | 12.97% | 0.90x | 3.48x | CN¥121.78 Million |
| 2011 | 17.82% | 18.86% | 0.69x | 1.36x | CN¥157.80 Million |
| 2012 | 8.64% | 10.23% | 0.59x | 1.44x | CN¥-29.07 Million |
| 2013 | 1.09% | 1.37% | 0.48x | 1.65x | CN¥-193.08 Million |
| 2014 | 2.89% | 3.08% | 0.44x | 2.13x | CN¥-155.07 Million |
| 2015 | 4.85% | 4.23% | 0.46x | 2.51x | CN¥-118.39 Million |
| 2016 | 3.58% | 10.69% | 0.23x | 1.46x | CN¥-791.88 Million |
| 2017 | 19.42% | 24.40% | 0.49x | 1.62x | CN¥1.21 Billion |
| 2018 | 18.40% | 21.89% | 0.50x | 1.68x | CN¥1.04 Billion |
| 2019 | 18.70% | 22.83% | 0.44x | 1.87x | CN¥1.21 Billion |
| 2020 | 16.12% | 16.22% | 0.41x | 2.45x | CN¥869.23 Million |
| 2021 | 24.72% | 22.74% | 0.45x | 2.40x | CN¥2.78 Billion |
| 2022 | 16.42% | 14.18% | 0.41x | 2.84x | CN¥1.34 Billion |
| 2023 | 14.35% | 12.05% | 0.42x | 2.84x | CN¥978.23 Million |
| 2024 | 9.43% | 7.88% | 0.42x | 2.88x | CN¥-131.82 Million |
| 2025 | 5.44% | 4.79% | 0.40x | 2.82x | CN¥-1.04 Billion |
Industry Comparison
This section compares LB Group Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,166,812,577
- Average return on equity (ROE) among peers: 6.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LB Group Co Ltd (002601) | CN¥27.34 Billion | 6.21% | 1.34x | $5.40 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.30 Billion | 0.62% | 0.29x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $32.94 Billion | 10.26% | 2.20x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $552.98 Million | 12.21% | 1.11x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $1.07 Billion | 6.09% | 3.18x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.51 Billion | 7.32% | 1.02x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $13.62 Billion | 6.01% | 1.21x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About LB Group Co Ltd
LB Group Co., Ltd. manufactures high-performance titanium dioxide pigments in China and internationally. It also offers sponge titanium, zirconium products, and lithium battery cathode, and anode materials. The company provides its products under the Snow Lotus and Xuelian brands. Its products are used in coatings, plastics, ink, and paper applications. The company was formerly known as Lomon Bil… Read more