Offcn Education Technology Co Ltd (002607) - Net Assets
Based on the latest financial reports, Offcn Education Technology Co Ltd (002607) has net assets worth CN¥816.50 Million CNY (≈ $119.48 Million 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¥5.98 Billion ≈ $875.61 Million USD) and total liabilities (CN¥5.17 Billion ≈ $756.13 Million 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 002607 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥816.50 Million |
| % of Total Assets | 13.65% |
| Annual Growth Rate | 9.27% |
| 5-Year Change | -83.05% |
| 10-Year Change | -15.06% |
| Growth Volatility | 61.6 |
Offcn Education Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Offcn Education Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Offcn Education Technology Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Offcn Education Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Offcn Education Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002607 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥724.54 Million ≈ $106.02 Million |
+27.76% |
| 2023-12-31 | CN¥567.10 Million ≈ $82.98 Million |
-27.28% |
| 2022-12-31 | CN¥779.89 Million ≈ $114.12 Million |
-58.71% |
| 2021-12-31 | CN¥1.89 Billion ≈ $276.39 Million |
-55.82% |
| 2020-12-31 | CN¥4.28 Billion ≈ $625.58 Million |
+24.58% |
| 2019-12-31 | CN¥3.43 Billion ≈ $502.14 Million |
+16.17% |
| 2018-12-31 | CN¥2.95 Billion ≈ $432.26 Million |
+52.40% |
| 2017-12-31 | CN¥1.94 Billion ≈ $283.63 Million |
+2.51% |
| 2016-12-31 | CN¥1.89 Billion ≈ $276.69 Million |
+121.66% |
| 2015-12-31 | CN¥853.02 Million ≈ $124.82 Million |
+1.02% |
| 2014-12-31 | CN¥844.39 Million ≈ $123.56 Million |
-6.80% |
| 2013-12-31 | CN¥905.98 Million ≈ $132.57 Million |
+3.39% |
| 2012-12-31 | CN¥876.23 Million ≈ $128.22 Million |
+9.41% |
| 2011-12-31 | CN¥800.88 Million ≈ $117.19 Million |
+202.56% |
| 2010-12-31 | CN¥264.71 Million ≈ $38.73 Million |
+27.03% |
| 2009-12-31 | CN¥208.39 Million ≈ $30.49 Million |
+18.81% |
| 2008-12-31 | CN¥175.39 Million ≈ $25.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Offcn Education Technology 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 decreased by 1312.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥103.81 Million | 14.33% |
| Other Comprehensive Income | CN¥17.79 Million | 2.46% |
| Other Components | CN¥1.23 Billion | 169.17% |
| Total Equity | CN¥724.40 Million | 100.00% |
Offcn Education Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Offcn Education Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Ruitai New Energy Materials Co. Ltd.
SHE:301238
|
$2.39 Billion |
|
Shanghai Luoman Lighting Technologies Inc.
SHG:605289
|
$2.39 Billion |
|
China Southern Airlines Company Limited
F:ZNHH
|
$2.39 Billion |
|
Wuhu Token Sciences
SHE:300088
|
$2.39 Billion |
|
China Eastern Airlines Corporation Limited
F:CIAH
|
$2.39 Billion |
|
Youngone
KO:111770
|
$2.39 Billion |
|
Heartflow, Inc. Common Stock
NASDAQ:HTFL
|
$2.39 Billion |
|
Pou Chen Corp
TW:9904
|
$2.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Offcn Education Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 567,098,998 to 724,396,810, a change of 157,297,812 (27.7%).
- Net income of 183,678,880 contributed positively to equity growth.
- Dividend payments of 110,752,130 reduced retained earnings.
- Other comprehensive income increased equity by 17,786,893.
- Other factors increased equity by 66,584,169.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥183.68 Million | +25.36% |
| Dividends Paid | CN¥110.75 Million | -15.29% |
| Other Comprehensive Income | CN¥17.79 Million | +2.46% |
| Other Changes | CN¥66.58 Million | +9.19% |
| Total Change | CN¥- | 27.74% |
Book Value vs Market Value Analysis
This analysis compares Offcn Education Technology 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: 22.56x
- 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 increased from 7.48x to 22.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.35 | CN¥2.65 | x |
| 2009-12-31 | CN¥0.42 | CN¥2.65 | x |
| 2010-12-31 | CN¥0.55 | CN¥2.65 | x |
| 2011-12-31 | CN¥1.50 | CN¥2.65 | x |
| 2012-12-31 | CN¥1.34 | CN¥2.65 | x |
| 2013-12-31 | CN¥1.34 | CN¥2.65 | x |
| 2014-12-31 | CN¥1.26 | CN¥2.65 | x |
| 2015-12-31 | CN¥1.21 | CN¥2.65 | x |
| 2016-12-31 | CN¥2.51 | CN¥2.65 | x |
| 2017-12-31 | CN¥2.33 | CN¥2.65 | x |
| 2018-12-31 | CN¥3.60 | CN¥2.65 | x |
| 2019-12-31 | CN¥0.56 | CN¥2.65 | x |
| 2020-12-31 | CN¥0.69 | CN¥2.65 | x |
| 2021-12-31 | CN¥0.31 | CN¥2.65 | x |
| 2022-12-31 | CN¥0.13 | CN¥2.65 | x |
| 2023-12-31 | CN¥0.08 | CN¥2.65 | x |
| 2024-12-31 | CN¥0.12 | CN¥2.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Offcn Education Technology 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): 25.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.99%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 8.99x
- Recent ROE (25.36%) is above the historical average (0.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 15.08% | 1.82% | 2.64x | 3.14x | CN¥8.58 Million |
| 2009 | 19.76% | 1.81% | 3.01x | 3.63x | CN¥19.73 Million |
| 2010 | 28.53% | 2.48% | 2.93x | 3.92x | CN¥49.04 Million |
| 2011 | 11.32% | 2.53% | 2.15x | 2.08x | CN¥10.53 Million |
| 2012 | 9.05% | 1.87% | 1.74x | 2.79x | CN¥-8.07 Million |
| 2013 | 5.42% | 0.94% | 1.69x | 3.42x | CN¥-39.94 Million |
| 2014 | -6.99% | -1.08% | 1.54x | 4.23x | CN¥-137.00 Million |
| 2015 | 19.60% | 7.76% | 0.57x | 4.46x | CN¥78.86 Million |
| 2016 | 3.54% | 2.55% | 0.61x | 2.28x | CN¥-120.27 Million |
| 2017 | 27.45% | 13.02% | 0.87x | 2.42x | CN¥333.63 Million |
| 2018 | 39.03% | 18.48% | 0.87x | 2.44x | CN¥857.49 Million |
| 2019 | 52.59% | 19.67% | 0.92x | 2.90x | CN¥1.46 Billion |
| 2020 | 53.90% | 20.57% | 0.78x | 3.37x | CN¥1.88 Billion |
| 2021 | -125.45% | -34.28% | 0.67x | 5.46x | CN¥-2.56 Billion |
| 2022 | -141.16% | -22.82% | 0.60x | 10.29x | CN¥-1.18 Billion |
| 2023 | -36.93% | -6.79% | 0.43x | 12.59x | CN¥-266.14 Million |
| 2024 | 25.36% | 6.99% | 0.40x | 8.99x | CN¥111.24 Million |
Industry Comparison
This section compares Offcn Education Technology Co Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $469,505,835
- Average return on equity (ROE) among peers: -3.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Offcn Education Technology Co Ltd (002607) | CN¥816.50 Million | 15.08% | 6.33x | $2.39 Billion |
| Xiamen Insight Investment Co Ltd (000526) | $415.48 Million | -129.68% | 7.34x | $619.84 Million |
| Qtone Education Group Guangdong Ltd (300359) | $61.77 Million | 44.50% | 0.16x | $463.38 Million |
| COL Digital Publishing Group Co Ltd (300364) | $1.21 Billion | -29.86% | 0.54x | $3.07 Billion |
| Chengdu Jafaantai Technology Co Ltd (300559) | $582.56 Million | 10.60% | 0.11x | $816.71 Million |
| Shandong Astro-century Education&Technology Co Ltd (300654) | $501.85 Million | 6.63% | 0.48x | $587.19 Million |
| Nanjing University Environmental (300864) | $90.66 Million | 49.22% | 1.20x | $514.60 Million |
| Shanghai Xin Nanyang Co Ltd (600661) | $653.11 Million | -38.04% | 2.83x | $427.70 Million |
| China Hi-Tech Group Co Ltd (600730) | $408.42 Million | 7.46% | 1.50x | $770.04 Million |
| Eastern Pioneer Auto Driving S (603377) | $299.67 Million | 49.05% | 1.50x | $383.94 Million |
About Offcn Education Technology Co Ltd
Offcn Education Technology Co., Ltd. operates as a multi-category vocational education institution in China. The company provides public service recruitment examination training, academic qualification, and professional qualification and professional ability training services. It also offers educational technology consulting, technology development, technology promotion, technology transfer, and … Read more